Good morning, ladies and gentlemen, everybody boys and girls welcome back to the morning live stream. Oh boy, how's, everyone doing uh. Why? Why gsmg live long and prosper? Awesome got ta, say very boring morning so far uh. Hopefully things pick up into the morning um.

So you want to look at why why in gsmg huh, okay, so first things first, i guess we'll just kind of pop to the market. Do a quick rundown so so far here today uh! This is what the overall market looks like you can see. You know if you want to go through the market watch, you can see exactly which companies are up today: nvidia, google, facebook, some of the bigger names which ones are red on the day so for the most part, pretty ho-hum market. Nothing too crazy, not a bunch of green, not a bunch of red um, let's pop on over here to the nasdaq, so the nasdaq has been on a pretty good run.

Lately, um. Obviously we want to see this continuing up. The question is, will it this is actually the most bullish? It seems like the market's been in a while in terms of a run it just. I haven't seen the market actually do a plus one deviation, bullish move like in a long time, so i really don't expect we'll see markets continuing to run into all-time highs say up to like 400.

I think we'll just continue to do this pullback and trending fashion. Um, but really quickly, let's look at where the updated prices are for the market today, so the nasdaq is pretty much on a half deviation right now, um. I could totally see the market staying in kind of a sideways market to even pulling back here. Nonetheless, the price point at which we have some resistance right now is 374.23.

That's why you saw the market bouncing around that area. Yesterday, it came to here bounced bounced bounced bounce bounced. Then this morning you can see we broke through candles back up down down, and then that was probably just some random candle so right now the resistance of the market on the nasdaq is about 374 you're, probably going to watch that for resistance and a potential move To roll off and then that can also be your break up level on the day, where you're looking for a long so for right now pretty much watching for who takes control or maintains control, either below or above the 374 mark for probably initial direction. To start the day on the nasdaq now moving over to the s p, 500, one second, okay uh.

So the spy is slightly different uh because it looks like the spy has support down at 447.56 and then it probably has resistance at 448.44. So the spy is sort of in like a little channel right now, no, no it's out of it. So right now the the s p 500 is actually above you know it's kind of above the level. So realistically, this is sort of on a long move, not sure if this wants to continue on the long side.

It does look really good, but yeah. I feel like the markets are going to be a little choppy and confusing if they're not awesome, but for right. Now i think i would like to see a retest of 448 44 for maybe a long move. It's debatable if that's even gon na happen, but just know the two support levels i have for the s.

P 500 today are going to be at 4, 48, 43 and 4. 47 60. You can say: okay, so again, back to just riding the market. The last time that we really mentioned being aggressive back into the spy uh was on this move or yeah.

We dipped down just that was really that long ago. I guess i mean yeah, so the last time we recommended being aggressive on the spy was down in these days and more or less, i think we were looking at the nasdaq as opposed to the spy. So anyways last time we mentioned being aggressive long on the nasdaq was when we went into our most recent dip. Now it's not like you want to be aggressively long because you're not in the dip you're on the move and if you were just to draw a simple price action like let's see if we can do one here, if we draw just a simple, you know: price Action move here through the middle of this right, you, you would be here's the regression right.

You are not on the low side of that channel. You are on the high side right. So this is where you just want to let the markets run as opposed to being the person making them run right. You want other people to force the run so you're making money.

You don't want to be the one pushing the market up yourself at this point. So i think you just kind of sit back. You ride the markets at this point and just let them do what they want to do. Really, no action needed to be taken for the time being, whoo all right, good start.

What is it uh, it's thursday, so one more day in this week? Yes, i did see tkat. We can touch on that. I did take a look at it today and you'll even remember the previous day, i said, make sure to watch us a couple days and even i forgot to watch it um yesterday, a little bit now. The move ended up happening at a point in the day where i'm never even at my computer anyways well, not necessarily, but yesterday i wasn't at the computer, so even with it moving.

Even if i was watching it yesterday, i wouldn't have caught the move, because by the time it happened, i wouldn't have been up watching it in the first place so uh we can take a peek at that, but it did end up making a decent move later. In the day, you're short mrna and down big from yesterday um yeah we'll touch on mrna, that's an important one. I did look at that a little bit. They did have a big move down.

I was debating whether or not to be long. Today i couldn't justify, if i should be long off the support that i was seeing uh i slept okay, i can't say i slept well. I usually never sleep too. Well so corsair um, kxi, n kxin.

We can talk about um, you know i don't typically use the 50 to 100 moving average cross on a long term. Time frames it's more or less on a uh intraday time frame, but on an entry time frame. We do use that as a justification that in that moment or in that market structure the market's currently down trending. Now, if you waited for the 50 to cross the 100 on a long term chart by the time that happens, there would be such a big decrease.

Already to have happened that you would be super late to that move, not that it couldn't keep going lower. You would just be fairly late to entry at that point, so it's not particularly something that i look for um, no sava boomer bust or was it sava? Maybe it wasn't, mr no, i think i was getting sava mixed up with mrna, but we'll still look at mrna, but i was getting a mix of wasabi because when you said that you're down big from a short on mrna, i'm thinking myself, i'm like mrna's down Like a lot this morning, so i'm like how are you negative on the short i'm like? It doesn't even make sense, so i was getting savan mrna mixed up myself yeah. So, as steve mentioned here, there are going to be some important things coming out today: gdp jobs and the jackson hole conference meeting, whatever you want to call it um we'll see what that we and again that could very well be a portion. It probably is the reason why the markets are remaining slow today or slow at the start.

Um so we'll see what it looks like in just a little bit here. You made good money on lwac srpt tk80, very good arya. Thank you very much for the super chat. I appreciate you yeah cody, gamestop, amc, rgc, um, gamestop and amc of course will be will be touched on today, um.

So i don't think we have to uh worry too much about that now before we get started, we'll hop on the weeble platform here. So this is probably one of the worst days i've had in this account, since it's really been open and that's mainly just because we're going through the correctional or, i would say, correctional, but we're going through a pullback on cryptocurrency. So any of the positions that i just recently started, there have big negatives, so it's really the cryptocurrency market. That's driving down this account currently, as opposed to the equities market, which what do you expect right, um.

You know, and that would be a good thing. We should take a look at bitcoin because it might be going towards that 46 or whatever thousand mark. I told you yesterday. I haven't seen it yet this morning.

So remember how we mentioned. If it didn't go to 54, then we would pull back to 45 60 or whatever. So if we look at the 1884 hour chart you'll see the market has almost gone down to that red line. We put on the chart yesterday so this this downward move, we're seeing from bitcoin should stop pretty soon.

So if you're in crypto you're in bitcoin, there is going to be a relief bound starting pretty soon, whether or not that bounce takes us up to 54 or continues moving is higher. I couldn't quite say for sure yet, but we do know that the market is about to come into a demand zone where we'll most likely slow down and or pause and do a bounce right around just call it. Forty five thousand forty five thousand six hundred forty six thousand. So that looks like the analysis in which the market chose to go with, which was down to this price point.

So should see a bounce here fairly soon on bitcoin and probably a couple other cryptos um yeah, i mean kelly yeah, i mean that's it's a part of the business. You know any anything related to the stock market. Investing is it's a game of ego, it is um and it isn't but anyways it generally tends to be a game of ego because, aside from the winning and losing money, you know it's whether it be me or you it heck, it could be your. It could be your cousin over thanksgiving dinner that you're talking about it.

You know where one person has an opinion on a stock, and another person has an opinion on stock and another person has an opinion on stock and everybody at the end of the day, is trying to figure out who's going to be right or who's going to Be wrong and you know, there's a competitive nature in that um and then a lot of the investing world, especially men, are always competitive. So you know it tends to be a very cutthroat industry. Um, no one likes to give praise when it's needed. No one likes to take the credit when the call is wrong um, so it in a sense it is.

It can be a shady cutthroat and very egotistical industry at times and i've fallen victim to it. I've been a douchebag. I have been the one who's right. I've been the one who's wrong and you do it enough times, and i think you humble yourself, you know and at times you'll make a great call and you want to advertise it to the world and a lot of times i just try not to for the Most part, because there's really no point at the end of the day.

Nobody really cares whether or not you made the correct call and at the end of the day, nobody really cares. If you lost money, because everybody is so um self-centered for the most part in the world and they're so worried about their own money and i'm not saying you're on self-centered, but people are generally just worried about themselves on a day-to-day basis. Right, no one cares. What your shoes look like when you're walking down the street, the dude that just passed, you is probably trying to figure out how to pay his electricity bill for a month.

He gives two shits about your shoes, cuz right so same thing in the investing world. You know at the end of the day, everyone's trying to make money for themselves they're all trying to make smart investment decisions at the end of the day. You know, no one really cares whether or not you made a wrong call here or there or you know. If your play was right, you know it it only matters if what they were doing was right.

So it's a cutthroat industry to say the least right so uh good morning to everybody good morning, good morning, how's everybody doing made money on sava, based on your analysis. Uh so let's, let's take a look at sava because it did have a big move down today, so i know it could be of interest and maybe other people are in it um. I don't actually really remember what did i say yesterday on sava one. Second, let me think, let me look at the chart.

First, oh wait. Okay, so i remembered that i said i wanted sava to go down to this price 72.. I wasn't sure if they were going to drag the market to 72 first or if they were going to bounce it back to the resistance and then reject the resistance yesterday. So i'm assuming you either played it long to the resistance or you listened to the resistance price rejection and then took the short, i'm not sure which one you did but either way.

Congratulations and awesome work, um, good stuff! I mean yeah edward i've done. You know like, for example, right: you know, um, i mean i'll get that in a second but yeah, so sava, looking at cassava overall here um. Theoretically, it's not on support, so it does or wait. No, it kind of is so it has.

The half deviation price point here at 78 which, if you didn't already buy off 78 you're late to the long move this morning so or or around that price. I would assume - or it was yesterday sorry, so it does have a slight support at 78.. That's a half deviation, support level. So, theoretically it's i don't exactly know how to categorize it.

I could be saying it incorrectly, but i always feel the half deviation price is something that it's more flexible in terms of breaking and going through as opposed to a solid one. So part of me feels that this market on sava is going to try to continue its downtrend going back to this level, maybe some hesitation around 78, but ultimately trying to go down to 72. again. I could very well be wrong about that.

I like to trade off the solid levels. Doesn't matter, though? Doesn't the market doesn't care what you want or what you like? So i guess the first thing i would watch for is the first thing i'll watch for is this market to go along today, just in case this was meant to be a bottom off. The half deviation so in case the 100 moving average and the half deviation. Truly were meant to be a bottom, it kind of looks that way a little bit.

So i would watch it long just in case with maybe a target back to 89, but be mindful that this really isn't a strong support and we could very well still sink lower. So i think first i'll watch see if the market tries to push long. If not they're going to probably roll it back down to 78 and then it's a matter of getting through 78 and bringing it down to about 73.. I don't remember what that penny play was that you brian, but i feel like i looked at it with you.

Yeah um, so another thing you know it's like i've posted videos about stocks and you know sometimes they're right sometimes are wrong. Um but like even like yesterday, right we posted or not yesterday, but the day before you know we post a video about baba talking about long fill the gap, and you know it happens within two days right and you know for the people that watched it awesome. You know some of them probably took advantage of it. You know, maybe some didn't that's completely fine, too um but yeah.

What's it really matter at the end of the day, that's the thing is you're going to make a call, it's going to be wrong and make calls going to be right depends on the time frame. Did someone get out, you know so, there's a timing aspect. It's just it's a challenging thing to do. You know.

Aloe vera is up in profits thanks to the deviation class, no problem, sir. No problem all right, so i'm going to run through uh starting to run through this list a little bit here uh. So we have yy yy up, not an earnings move, so it's got to be news. Related joy shares are trading higher following a reuters report, suggesting that joy's top shareholders plan to take the company private with a 75 to 100 dollar per share, offer so um.

This is a situation where people are buying into the stock in anticipation that, in the future they're going to give you know they're going to get bought out for anywhere from 75 to 100 per share. You'll see the market has jumped from 58 to 66.. So the reason the market jumped from 58 to 66 is because well, this is a rumor. The market doesn't actually yet know if it's fully true or that it's actually going to happen for sure, because it hasn't happened.

So there's no point in running the price to 75 to 100 per 100 a share if, in the event, they're not actually going to get bought out, because then that would be dumb, so anticipation and hype of what's possible to come without over extending the stock. For something that hasn't actually happened, market makers, the market has enjoyed ripping the stock up higher, creating volatility and moves. I personally don't well i've seen stocks like this run on the day, so you watch it for a run, but i think, what's most likely to happen, is it probably doesn't really rip too hard? Because, again, it's just a rumor and it hasn't actually happened and the day that the buyout happens. Typically, the stock will gap up to reflect the buyout price and if the stock is already trading at 75 to 100, or if it's already trading at the buyout price on the buyout date, then there's going to be no gap up which creates no incentive for people To hold the stock until the buyout date, so this is going to be more of a swing long holding play most likely to achieve a 75 to 100 target, because the only way you're going to achieve the 75 to 100 target is if, in the event, yy Does actually get bought out for anywhere from 75 to 100 and if they move the stock from 75 to 100, before it's bought out 475 to 100, then you might as well sell the stock because they already told you what their company is valued at for a Sale, so that's the analysis on the technical side.

Well, on the tech. Of course, it has room to run on the technical side if they say they're going to sell it for potentially 75 or 100 so um. Currently, if they sold for 75 to 100. That means that uh one second, i got ta go delete some stuff.

So, if we're looking at, why why here, they uh their yearly chart? If you look at their yearly downtrending chart, their average statistical mean is priced at what 73 almost okay and if uh we go up to the plus one mark, it's priced at 92 and if we look at the four hour chart the mean is there? So we just broke the four hour chart. That's why we had a breakout there as well um, so yeah i mean, if you think about it. The 75 to 100 dollar price will put the stock at about the daily chart, average normal statistical trend or at the plus one deviation mark of the stock. It will not put it at plus two.

It will not put it at plus three, which makes sense because again, if you look at the long term chart even over the past year, it's sort of been fluctuating anywhere from you know: 70s to 130s to 80s, 90s, hundreds! So right now, over the past year, their downtrending chart average is about 75 73. sort of the high side of their yearly chart is at the 90 dollar price point, which is around the 100, so anywhere from a 75 to 100, really puts the share or the Company sale right around its stock charts yearly mean and plus one deviation mark. I will do gsmg and then that will be uh. I'm going to move on so gsmg a light volume trading stock.

They did have a big volume spike here. That could be an early indication of a long move or market maker off it's already moving up; okay, so that makes sense yeah that makes perfect sense gsmg. What's the news star announces subscription agreement to purchase up to 10 million in ordinary shares and warrants at a fixed, combined purchase price of 350.? Do huh yeah. I don't know exactly what game they're trying to play in total, but it looks like they have to get the price of the stock up towards 350 to even maybe four third 440, because if you read here, uh uh content driven e-commerce in china today announced that It has entered into a subscription agreement with an institutional investor for the sale of up to 2.8 million ordinary shares of the company.

Ordinary shares for a total gross proceed of up to 10 million in the offering each ordinary share will be accompanied by a warrant. That is exercisable to purchase one ordinary share at an exercise. Price of 440 per share the warrant, so the warrant is exercisable at 440. A share each ordinary share and warrant are being sold at a fixed, combined price of 350..

Each warrant will be exercisable immediately and will expire on the first anniversary of the date issuance. So i don't even think they give you us an issuance date, but pretty much uh. Let's see the first closing of the offering representing the sale of a purchase of five hundred and seven one thousand ordinary shares, warrants, purchased seven cents or shares expected to close on about august 30th, subject to satisfication blah blah blah. So it does appear like they're, trying to maybe pump this stock um yeah, because it appears that each ordinary share will be accompanied by a warrant.

That's exercisable, to purchase one ordinary share at an exercise price of 440.. So you can't exercise the warrants unless it's at a price of 440. I believe and therefore you're gon na have to try to pump the stock so definitely be watching this on the long side um. So we'll take a look at that, so pretty much in order for any of that to happen, it's got to get through the mean so so again, if, if they had to get up to 440 blah blah blah, it doesn't matter, they're gon na have to get It to go to the mean, which means 245 is the breakout price, which is probably also the current resistance of the market that you've had so far all right.

If you go back and look at the market, it's probably stopped right around that red line. Yeah right there boom, so your breakout prices to 240. After that, it's going to rip up the 270. um, then you would look at uh, sorry yeah after 270 280.

You look for a 320, then after 320 you look for four. Then, after four, you look for a 480 and the market will most likely sell down in that area. So are they going to pump it? Is it going to pump, i don't really know, but it does hit our avol scanner right now. The average volume is up.

253 711. This morning on that stock and that's calculated over, i don't remember if it's four days or five days or what the calculation of that scanner is exactly, but nonetheless, that is an average volume calculation over a specific period of time, saying that on this day, based on What the past has been the volumes up - 253 711, which is like whoa, so definitely something to keep on watch all right pop it on over to uh tkat here. Uh actually give me one second before i do that all right, so initial jobless claims expecting 350. 000, actual 353.

000. So that's not good. Continued claims expecting 2.79 actual 2.862, not good gdp. Expecting you just smash that like button.

So if you've ever do that already make sure to do that? Thank you, but gdp expecting 6.7 actual 6.6, not good, but nonetheless i have all faith in our current administration. They know what they're doing the world is moving as it should. The federal reserve is cranking, they are banking. Money is being made.

Things in afghanistan are looking bright as ever. I think the world is headed in the right direction. I would not concern yourselves too much with those numbers: everybody just hug, your kids, pet, your dog and live your life, we'll be just fine or we won't, and an asteroid is going to hit the earth tomorrow. I don't know.

One thing i can say is: i have a delicious lunch waiting for me at about 12 o'clock and there's nothing that's going to ruin that. So i'm not too worried about the numbers. As long as that money is printing money's going to be made, and until they want to create a bigger wealth gap, they're not going to crash the market, so the markets will stay up and then we'll keep going until the magician wants to reveal his hand. Well, he won't reveal his hand.

He'll just show you the show. So until the magicians pull the rug and create a bigger transfer of wealth and a bigger wealth gap, we will all continue to make money. Most people should be making money in this world right now, with the amount of money that's going on there and once everybody's made enough money and everybody has enough money invested, i believe and they've acquired enough debt. They will pull the rug, which will then stifle the economy and ruin a lot of people and forcing um the hand of a lot of people, and i think it's going to create a even bigger wealth gap, and i think that is by design.

So nonetheless, don't panic, okay, tkat! This is sitting very very flat this morning. I think you should probably continue watching tkat long. It could definitely break down turn into a short sure, sure or but yeah sure, but still i think you should watch it long. Let me just double check because i don't know if 1270 is an actual resistance.

No, it's just a half deviation. I mean this thing's, like i said the other day, had the potential to go almost to 20. um. I think we watch it long today with maybe a target up to 16 for now and then, if it gets to 16, see how it trades there and then later in the day, maybe 19 is possible.

But for right now i think maybe looking towards 16 is. Is possible um sure this has been a downtrending stock, so optimism is high to get it to do that, but we had one pop day: pull back, really strong, follow through day yesterday. It's really just a matter of seeing if it's a breakout above 10, 32. 10.

40S um here so it's you know if it breaks through and it just starts to run. I think you just take it up, take a chance on it and if it starts to get weakness below 10 30 or pops up comes down below 10 30. That's where you start to question it and then, if it really sells down, you might just have an intraday sort of hold and bounce around 8.91 aaron west, no problem yeah our our target for the nasdaq did end up being pretty spot on um, so congrats on That one but yeah i mean even when i was saying, and i'm like - i don't know if it's gon na do that, like even when i said it, i'm like that seems pretty far-fetched um, but there's nothing closer right. I was like look, i think, when i was looking at that.

Maybe there was one more resistance we had to go through and then it was going to be that one that target, but nonetheless, at the time i'm like that's kind of far away. I'm like i really like it can happen. I've seen it do it before, but is it really going to do it then sure enough? The market just went straight up that day uh. So that was cool.

I was really happy that happened um w. What is that all right um? So i need to take a look at the stock dkng really quickly, um one second. So let's do that. Dkng ended up breaking up very nice um which, by the way, you guys remember, we had mentioned staying long on the stock overall, the la well, not the last, the last time we were watching it long was in this consolidation.

We did a couple trades there. Some of them got chopped up, never caught the break out. Then it breaks out here figures. But aside from that, the last time we told you to dip by this was here that was our last recommended long section.

Then it was a long here. Looking for price targets of 57., so we just got up there to 57, so the market's broken out a little bit there. You probably for the time being, want to look maybe up to 63 and keep 63 as the max target within this current dkn stretch. So the current move, the stretch that it's in target 63 and probably not too much more for now and even that might not hit, but for now there's really no point of trying to target anything above 63., so 63 right now is probably your selling target of The dkn stretch all right now we're going to pop on to mrna.

Also, currently, the stock blue uw is going on a really big move. Uh, it's it's just moving like a monster right now and jumped from nine all the way to thirty four dollars this morning. No shares to short, not that i'm saying you'd want to short it right now, but there are no shares of short, which makes it less interesting because you can only play it on the long side and theoretically, it's gotten to some overbought prices, um, so sort of High risk at this point, but anyways um, that is moving pretty crazy. I think there's still some some long move on it, but anyways uh you put 8k and gme calls.

Yesterday. Nice is crypto going up, i'm getting killed. Um crypto is not going up um. If you remember well, we wanted to go to 54 000 um.

It's not, or it's gon na, take longer to do that. Um, but nonetheless, crypto has been in its selling market since it got over 47 000 right. So just know that from 47 to 54 is a selling zone, a long target entering a long target or sorry long targets in selling zone. So um, i think, we'll see a short term bounce around like 45, 600 or so uh analysis.

Yesterday, on s p r s, p r t um was yeah pretty much um i mean same thing really goes today. Max target today is going to be 16.. You got to break through the 1505s to do that so sprt for those that wanted it i'll show. You we'll talk about it so again, sprt is getting into high prices, not that it can't go higher, but it every day it's slightly more risky owning shares at that high price.

So current today, support 1380 resistance for the time being is 1491 through 14.91. Your target is 1606. if it breaks 1606 and just hold on to your seat belt, because maybe it goes on a really big rip, but nonetheless you are a little overbought. This is where people are looking at selling the stock down.

If we're really lucky it'll continue to explode and that's pretty much the analysis, i do not affiliate with political party, i am just an american, i am just a human, i am a homo sapien and that is it, and all i want for people is just to Love each other, and that's it that's all i am. If i was born on another continent, then i would i would. I would be that person, but i wasn't i was born here. So all i am is an american.

I don't have political affiliation. I just am who i am that's it, which is american, but yes, wealth gap for sure wealth gap 100. Is it too late to enter tkat? Well, if tkat goes up to what we were talking about, then no, it is not too late to enter theoretically um nope. The strategy is pretty much algorithmic market maker trading.

I like to think so. I could very well be wrong on that, but no, i guess the best way you could say it is i well actually the best way you can say is the standard deviation strategy and it works for swing trading day trading, because, in a nutshell, what you're trying To do is find levels that i believe, computers and machines, and market makers are trading around which, if market makers are establishing a position for a swing trade, then if you enter at that level with that deviation, then it can be a good swing trade and it Could be a good day trade, because, if they're entering a bunch of shares and on the day it's probably going to move so a lot of times these levels you're entering off whether it be a swing, trade or a day trade. They work the same purpose because a good entry for a swing trade generally means the stock is going to start going up immediately. So that would be a good entry for a day trade, because, if you're day trading, you want things to go up immediately.

So a lot of times the levels will provide the same value depending on what you're doing. Let me make sure i keep an eye on what was it um? We we have broken the 400 resistance. Ladies and gentlemen, let's go let's go yesterday. I was really my soul hurt so bad.

You know we were doing. We were doing so good, so good yesterday, yeah um, so good yeah. So we were doing awesome. Yeah yeah should be pumped all the way up to like 500, so it was crazy um.

We are going to go over amc, i figured i would just wait till more people entertain in here. You know what i mean so we'll pop onto amc now, because why not naov short squeeze? Actually, that kind of does look like that might happen. Um. If you want to be a little bit more careful with naov it'd, probably be as you get through.

Oh wait, yeah um 322, but i do think you are onto something there. Naov can definitely have a short squeeze. It's getting kind of caught in those highs. It might give you like a pump day up to 352 or so all right popping on to amc friends.

Okay, so um amc did everything that we mentioned. It was probably going to do yesterday. Kind of i don't want to sound that confident, but it did a lot of what we expected it could do. It's always very hard to call exactly.

You know what something's gon na do, and especially when you know it's not stretching to a level and it's just reached one because sometimes they'll they'll break through. Sometimes they won't so the only way. I can really describe the way that you should watch those markets in those moments, and times is looking for control. I say control and you're always like well, what does control mean? I don't know whatever you think.

Control means whatever convinces you that the market is taking control of a certain level, whether that is a candlestick on a five-minute chart. Breaking down support whether that is the stock is below the v-wep, whether it rejected the v-web, whether you see a bearish pennant, a bearish head and shoulders pattern, a one-minute pullback breakdown. I have no idea whatever you currently use in your trading that convinces you. The market has maintained a level use that whatever you're best at doing that helps you understand that the market has controlled a certain point.

Go for it. For me, it normally comes down to how the candlesticks look, how it's already traded. What does the volume look like and have i seen the situation before and stop being a little girl just take a trade if you think it looks good okay, so all that being said, you will see. Yesterday we ran up to the regression trend.

I said it was probably going to see resistance here and the reason being is because stocks don't typically break resistance on first attempt. First attempt is normally the strongest resistance. Okay, the books would make you believe that this is resistance. This line here - oh we topped here, so that's resistance.

Well, that's true, but it's typically not as strong as that, one and typically the more times you test a resistance, the likelier it is to break, whereas they would have you believe the more times it touches. The support or resistance, the stronger, the resistance, that's completely false, most of the times. Sometimes it's not, but you can see, goes up, hits resistance. Do you even know why it had resistance here? Does anybody does anybody that watches amc even know why it had resistance there? It had resistance there because at the time that's where the regression trend was the true resistance, the price of a stock.

The resistance comes from the trend. That is how it's first started. Once it's first started, then the retail market can go. Oh yeah see watch look it.

This is what happens. The market goes to resistance for those that don't typically watch standard deviation right. They would have to go. Oh well, it's probably going to go up to this price because we broke down here and since we broke down here, there's going to be resistance there, which theoretically is true, but they usually don't know exactly where and a lot of times, because they're not looking at The trend, so the trend is here.

Hence why amc stopped now the rest of the retail market has a visual. They can visually go oh yeah, this rejected there. So that's resistance. Okay, so it's the regression trend that creates the top at 37.

Hence the pullback. It's now why we have resistance here because it stopped there previously. So the retail market says oh resistance. Okay and then you know, we come back to the resistance which in reality, we're testing the break of the statistical mean, and then the breakout, slash stretch, price target price prediction is to your next trending regression, which, at the time and in this market structure, was at About 45 dollars so now, for example, this current move right here this.

This is the same exact thing as this. Well sorry, let me rephrase that i got to do a little differently ready watch this this move. Is it not almost the exact same thing as this move up little pull up up little pull up and look at where they go to this one goes up to where the trending statistical mean change the time frame to a daily chart. Where does this one go to up to the statistical mean? Where does the breakout happen here? Through the statistical mean, then? Where does the breakout stop at the four-hour statistical mean, so you will not see amc going any higher until you get your next breakout of the long term statistical mean which currently is priced at 45.95.

That seemed very egotistical, so it could go up. You know it could go down just protect your capital and be safe and watch your indicators and no none of that. It's not going to go higher unless it goes over. 45.

65. 45. 70.. So in the time being, what could you look for uh which, by the way, i got to do one thing here before i forget schweinsteigen, schwann checking but yeah that did i did kind of sound like an there.

I don't mean to i'm just trying to be deliberate on the analysis so that you don't forget it. Okay, i don't want to be wishy-washy on my numbers, okay, because when you leave the stream, i want you to know what i said. So you don't forget. So it's just trying to be deliberate with that the message: hmm, what am i doing? Am i doing? No, that's not what i'm doing that's what i'm doing so jeez.

I love when technology just does not work such a show. One second guys, sorry, so it doesn't even make sense. Sorry guys i got ta yeah, i got ta take care of something. Finally there it goes.

Oh thank gosh all right, so i was getting one of our morning. Meetings online. That was just having a bunch of issues. What is the deal? Why is everything always not like want to work properly? These days, i swear to gosh like over the past couple months.

Just seems like technology service internet, like everything just tends to be garbage. I just don't know what the deal is uh. Do you guys give me drawing tools, i hope so um. If you don't that's really dumb that sucks, that's pretty stupid.

I guess not. What are you gon na do? Yeah, sorry, okay! Well, that doesn't really matter. Then. Okay, sorry um, could i check mrna puts i mean i'm not going to look, i mean the option.

I can look at the stock for you, but i won't necessarily look too much at the options chain myself again. It's not particularly line of business, i'm in um. So anyways with amc, it's possible. You can see amc retest its breakout down to 38.45.

I feel that's pretty unlikely to actually happen, though i don't think amc is going to sell all the way down to that level, but if it did, that is most likely where you would want to try to catch a bounce on the stock. I don't have any support before that, so this is just probably going to be a situation where the market sells down a bit and then just create some little random bottom throughout the day, so um yeah, i think you just stay bearish for the time being on This because uh again, we've had a really nice excuse me long move on the stock from 28 back to 45, so we moved from 28 to 45. I think you just let this get some weakness and probably stay more on the bear side for the day and just be optimistic that you could get some sort of bounce but yeah. I think you stay slightly bearish for the day and then, if it does end up reversing back into a long, you should probably target up to 44.42 for the time being, um cryptocurrency dipping.

Why is it jacksonville um, i mean yeah. You could argue that, but nonetheless, amc or uh cryptocurrency has been in the selling zone since bitcoin got to 47 000 and above that's pretty much the reason it's just in a desired selling location. Currently uh louis actually surprising enough. I know uh, the lives are great.

The new videos are great and we actually went from 173 016 subscribers around 1pm yesterday to 172 975 by nighttime, with more videos posted and more live streams. Just really odd, don't know, must be a lot of spam accounts on youtube these days. It must be possibly. I have no idea but really yeah.

Yes, we broke the 400 barrier. It feels great. Now we're going for 500. We got to maintain a 500 viewership, at least for, like until market open.

We got to get up there to market open, at least throughout the day. For a good portion, we did do that yesterday, so that was awesome, mcmack and tickle tech baby. Have i looked at ride? No, i have not looked at ride. Yeah no uh, we're definitely going for for 500 400 used to be the resistance we broke that resistance.

Now it's 500, which we have broken so now it's more or less 600 is the resistance, but don't know if we'll quite get there today, okay, um just looking at a couple of the comments here, let me uh pull up my scanners. I actually haven't looked at those for a second sorry: let's go baby, let's go okay! Why doesn't mine is stupid, i'll go to that every single day? Why would it not be the first thing on youtube? B-U-L is that still off b-l-u-w is still kind of uh. Okay um, i love you, janex, no love tv sprt target 20.. I hope so uh.

What options are we playing today? Uh? I am not playing any options today, so that would be something you will probably end up doing yourself. My friend uh yeah, so sprt just broke through. I think the half deviation price we were talking about which i think yes, 1509. So right now you want to see 1509 sustained um.

That would be good. Never satisfied in chat thinks we're gon na hit 20 bucks. Today, i'm really hope banking on it. That would be awesome.

Um. I uh this. The channel is actually moving pretty quick. So earlier this morning the target was like 1608.

Now, it's 1624 max. So it's it's going up pretty quickly as the market goes up um. Yes, i have a lightspeed account. I have a trade, zero account um.

I don't really use td ameritrade anymore and a weibo account and a wealthfront account and a t row price account and a vision 2020 account. But yes, i do use lightspeed uh. No, you cannot sell a market order pre-market because the market is not open. What time frame are you looking at one year, one day 180 day four hour, one day, one minutes and one day, five minutes.

Typically, you know i do kind of want to take a look at being geo. It's been uh being a little little uh lumley you're gon na have to go back in the stream. We cover dkng. That's why you know that's why you got ta wake up early sunshine.

You got ta be here at uh, 8 a.m; uh bright and early dkn, no bngo! That's what we're looking at um. So i mean yeah. If you remember the last time we touched on bngo, we said if it didn't break, we were long here on that bullish, engulfing candle. It could not break we close and mention when it breaks down.

It should target to this red line, which was at a price of 525 or to the negative one deviation, which is that yellow trend line and that's where you're going to want to watch long next, so you're a little late to the long move. Unless it's truly meant to keep breaking out, so you should have been dip buying down here on the red. I did and i wasn't even paying attention to it, but that's where you should have ended. Buying bngo now that it's up you're a little bit more high risk on the long, because you have to get a breakout or else you're just going to lose.

So i think you just kind of want to watch that one for a little bit but does look optimistically decent um yeah i mean that's, that's been trending down for a long time there so yeah. I think you can be optimistic, but nonetheless you just you're watching for bngo to stay over the plus one deviation mark right now at this point um. No, i don't really have insight on why those banks failed. Personally, your biceps look small in this shirt.

They ain't small. Are they masters? Why do you have different accounts, long term short term and day trading? Why uh i mean there's multiple different reasons: tax purposes, laws, uh rules. I guess you could say there's a better way of saying it, but laws um, so yeah tax purposes laws. That's really it in a nutshell.

Yeah 401ks or you know you get um 401ks - are a tax deduction. Um roth iras are gon na grow, tax-free um. I don't want my short-term accounts mixed with my long-term accounts. I can make accounting easier for when i don't want to mix a lot of my short-term accounts and my long-term accounts, because you want to keep high respect of investing separate from your portfolio.

For the most part, unless it's set up to be that way which most people's aren't um so yeah, it's it's pretty much it yeah and then also like one of my roth iras, i started when i was a kid. I am no longer allowed to invest in because the government thinks i make too much money, so they don't. Let me do that anymore because they don't want me to make more money so that i could become more self-efficient. Why wouldn't you want that? I mean why? Wouldn't you want someone like me to be able to invest endlessly to make great amounts of return and money that way, i'm self-sustainable and if i have kids in the future, they'll be self-sustainable and we'll be able to grow generational wealth and we'll be very independent people And we really won't need much help from.

Why? Wouldn't you want that, so i don't know i'm still waiting on them to respond as to why that's the case but um not sure. So that's why i have a roth ira account too. So things like that. All right so, what time we're looking at looking at 9.

11. - that's not a good time! That's a that's a bad time, it's probably the worst time of the day um. So today, after analyzing everything, it looks like some of the options by the way real quick. Do you hear, is there like a does that bang really loud under the microphone, or is it just like not too bad, because i'm just curious so looks like today is going to be a day of following um? I will definitely take a look at zoom for you.

I appreciate the super chat um that right there you know. That's awesome appreciate you give me one second, so, yes, today, it looks like obviously we're gon na follow some of our mains like amc and gamestop, just because well they've been on a run and we have to keep following them so that you know people are up To speed on that, we might, i got ta double back and look at kxin here um. I do think we're gon na follow a little bit of sprt today. I do sort of think we could be getting towards the end of the run, but nonetheless i think it's going to be fun to watch it see if it does prevail uh for the day, okay, good um.

Aside from what i plan on trading, i'm still caught between i'm still kind of torn between like mrna, um or sorry, let me just double check. I keep getting mrna and sava mixed up on their moves um. So no, it's probably not mrna. It's probably saab is the one i'm curious about.

I feel like mrna is going to be slightly confusing, but it might also have a really good breakdown day. If it had a breakdown day, then i'd be into it so yeah. I might track sava a little bit today. Like i said the volatility there is pretty good um, i don't think amc is going to quite put in a gang buster day, so i think it's going to be kind of annoying trying to trade into that one.

For the day, um gsmg is that penny stock? I think we're going to do a little following on. So let me put that into the watch list. Just in case hmm. You know we still got another 15 minutes uh.

Some things can definitely change like the stock. Nrxp keeps kind of jumping around a little bit and i've been looking at it, but it's just kind of awkward. What about tk8t2? I mean that's still sitting kind of flat, so i got ta make sure i put that up there too. Okay, um sydney um.

This is actually really good time for you to watch sprt, because you can learn from it, because this does feel as a stock that can continue to maybe keep going. So this will be that example, where you learn that stocks can actually go further than some of these levels and what it looks like when they're starting to do that. So i think you should just watch sprt alone solely for that purpose, but yeah that's pretty much. It because there are times when stocks can keep going and so on so forth and there's a certain look they have to which sprt has already been doing: um, yes, you're absolutely right for 401ks, if you're a business owner, then you're you're, legally able to contribute up To 50 000 a year, which then becomes a 50 000 tax deduction um, so there's a lot of in and i don't know because i'm doing something new.

I have a business 401k and i have a personal 401k, so the 401, so anyways um. I think i wan na say my deduction is up to like a hundred thousand now i i can't remember what i'll double check i'll figure that out i'll, let you guys know, but i think my accountant um had me set up in a way where, between my Personal and my business i'm coming out to maybe like 70 or 100 000 in tax deductions a year through investing i'm able i'm able to get two, not that i am able to get two, but i got ta double check but for sure 50 000, because we Did that last year, so um, i know that's possible. I need a comma. You are absolutely right.

I do need a comma and a space there. It goes ah, no uh, no no chart. No one can see what you're typing. Nobody needs to see.

What i'm typing. All you need to know about is what i'm talking about, but no it is actually it usually shows. No, it should show you should be able to see exactly. What's on my chart that actually moved a little bit, it should be like that um.

There is not one platform that has a standard deviation indicator on it, aside from think or swim which, by the way um i'm not positive. Okay, i'm not pause c like if we do it like that, then you can see. So it has to be like that. Yeah sorry so anyways, i'm not positive about this, but weeble did just recently do an update.

I don't know if it was just an update to the phone or what, but i was looking through this, and they do now have standard deviation on there, and if this is what they're referring to is the standard deviation, then it's completely incorrect. So i don't know if this was just added in a recent update or if they already had this, but if this was the update that they're referring to and adding it, then this is completely absolutely incorrect of everything we sent them. So i don't actually think that's the case, i'm pretty sure. That's probably been there before um, so we're waiting on the new update for weeble and when that happens they should have a standard deviation system, slash channel on there.

But for the time being, it's uh. It's non-existent yeah. I didn't think that was the one, so just an fyi making sure good good um. Today's watchlist, i don't even really like all that much so i'm not really putting a ton of price targets out there, because i think it's going to be.

I think it's going to be a challenging confusing day and so um not even going to really deal with price targets today and part of the reason. Why is because i don't think a lot of what we've even discussed is going to play out. I think it's going to be a very challenging. It's not going to be a stretch day.

Stretch days are easier because stretch days you can go. Yeah we go from here to here looks like a lot of things are going to be in kind of a chop. Slash consolidation price for the most part. How rich are you that the government doesn't want you making more money? You just have to be making um.

I think 135 000 a year yeah, which is poor, yeah you're poor if you're, making 135 000 a year, and if you think that's false again, you just have to compare yourself where you're located to where the top one percent is right.