Holy moly so um, i decided i had to do something to uh make myself feel better to to make it seem like we had uh lots and lots of uh money after this uh crumbling crumbling. What the heck is this crumbling crisis of a stock market? So so i went to the bank and i got a big old bundle of cash and uh. I'm like yeah that'll make me feel good right, but i'm so broke now uh. They only gave me a bundle of two dollar bills uh, instead of like hundreds or something cool, look at that all two dollar bills.

Here, that's that's all i could get now. Um yeah welcome! Welcome back to uh the greatest entertainment on earth, the stock market uh. We are about to set uh or close below the zero percent on the uh qqq fib qqq is literally down four percent. The uh next catalyst uh this upcoming week are obviously going to be weighing on the market substantially uh.

Today i was hoping we would see some form of a rally before uh the end of the month, uh somewhere between, say the middle of uh um middle of uh. This month to the end of this month. We didn't get anything nothing. I mean it's just like one day.

It's you know, nasdaq, it's up three percent the next day, it's down four, it's like it, take it what it's given uh, but anyway, it also does seem like it's selling into the clothes which usually - and we know this - we have institutional selling going into the clothes Uh funds taking out their um, you know their outflows essentially are covering their outflows. It is interesting that we did bounce perfectly off the zero percent and you have to admit that was a pretty and this is a minute chart. You know i get it. That's a pretty freaking, perfect uh uh bounce right there on the zero, but you know now we're we're about to close below it.

You know, there's always a chance that we can pop up and get back to that 318 line before the close, but dude we got 11 minutes left like you know. It was bad when we broke trend in january now looks like we're gon na break trend again, we'll see what happens anyway, so uh. Let's look at some of the uh um emotional damage uh from today. First of all, tesla went red.

It also bounced off of its 880, which is a very uh strong level for uh tesla and we're slightly below that right now, at the 876. you uh have this really interesting, uh dynamic. Now, where now we're like one stock will drag everything down, you know. Last quarter, that was netflix and netflix was sort of the the standard bearer for just disaster.

This quarter, and i mean since then, like you know, netflix, has gotten reamed uh. You know lots of a lot of stocks have gotten read, but now look at this amazon amazon used to be considered a cash play. A a play. People would put money into as as a safety uh escape and uh i mean this is just insane 15.12 for amazon, who would have ever thought that amazon would move 15 in a day.

If this, isn't i mean that's normal for, like you could see? Well, i shouldn't even say normal. That would be a lot for tesla right tesla with it's like what 900 billion dollar market cap amazon is a 1.25 trillion dollar market cap. I mean this thing used to be worth. I don't know what a third more, so it almost used to be two trillion dollars.

It's absolutely crazy. I mean it is just uh pure flames over here today, so uh, look at that amazon uh and then obviously any of our risk plays right. Monday, cloudflare toast cloudflare is about to be lower than we were in the depths of despair in january, which is like totally freaking crazy. Uh stocks are tanking as what's being defined, as quote amazon's worst day.

Since 2007. traders are now pricing in uh odds of a 75 basis, point hike in june, as opposed to just 50 nifty, the nifty 50 here nope 75, bp hikes um. Oh, this is interesting. The fbi searched data of millions of americans without warrants.

That's going to lead to a firestorm on twitter, yeah, okay, so uh! Then we've got look at this. I mean etsy down eight 93.8. It's just like pure evap over here. Um.

A firm is down at 28 way. Fair, who remembers when wafer would always go to like 300 and then like 330, and then it was like 300 and then 325 and then 300 and 340, and it was just like this thing - would always rubber man back to 300.. It was like a joke. Well clearly, it was a joke, because now it's 77, though jesus man, um, don't worry, the fire is transitory.

The pain is transitory. Arc penny stocks in um. This is bad. Oh, my gosh, you know what's gon na end up going down as like the best etf ever.

Is that right here it is the inverse of arc. Oh, my god, like it's so bad, so bad um, wow yeah, all right! Let's, let's keep going down the list here so uh, what i mean: wow snowflake 172 redfin's 11 box um lemonade sitting at 20. 186 for nvidia. Despite totally like amazing and smashing down, i say earnings at nvidia, complete destruction, then you've got amazing earnings down 5.49.

You just can't fight the fed. You know this is why uh? This is why we uh pay attention to the fed so much you have to so you just you can't win. You can't win when you've got a fed. That's like this uh! This isn't i mean unless you have shorts and puts which in institutions do have a lot of.

In fact, what we should do is we should do uh. You know how we used to do this. We used to do the short interest updates. Those are good.

You know short interest updates. Those are always fun to look at. Let's see, we should do that again. It actually be kind of fun.

To look at i mean i occasionally look at it, but i haven't put it up on the channel in a while. Well, i'm not i'm just going to verbalize it now, but anyway, this is just crazy, uh! It's like! When does the market close already it's like. Okay, six, more minutes! Okay, you can't fall that much more in six minutes right yeah! I can uh roblox down. Four point: three percent holy moly uh jesus uh apple 3.82, wow apple.

Oh, my gosh google down again look at that back under 2300 home depot uh down at 300 bucks - and this is insane uh d-wax up, though you know, leave it to dwack to do insane things. For some reason people have cash. I was speaking to the gym teacher at school working. He was talking about how he's surprised how much his checking account has increased the past few years.

Yeah. Well, a lot of people, don't invest in markets right, uh and um. You know they've, they saved a lot of money from the uh staying at home for for a year and a half uh stimulus right, wage increases well tesla short interest sitting at 2.9 percent. Let's look at arc arc short interest sitting at 20: 20.27 percent dude.

That's where amc used to sit okay arc has a higher short interest than amc like what okay um. Well, it's been a good play. Micro vision, almost 26 holy smokes uh short interest on lemonade 37 short interest on dwack 13.81 tattooed chef short interest is 28.99 uh virgin galactic 25.78. Let's look at disney only one percent short aipl.

0.63 short: let's try. The spy spy is 16 short. It's gone up. Qqq is 12 percent short palantir, 6.59 sure sft.

I don't know what the ticker is for red box 25.89 on shift crash. The stock market, people lose jobs and inflation goes down it's true, but then don't worry, you'll just be fighting the transitory recession too. Many warehouses have led to amazon's net loss. That's interesting, three minutes left in the day.

I don't think it could come soon enough holy crap, uh qq is about to have its lowest close this year down uh 4.66 percent. We're right there look at that all the way right here: yikes tesla's, almost down a percent right now, rivian down six percent yeah there you go impeach the fed right, mattel and pinterest calls wow. Hopefully you closed them. Pins yeah pins about three mattel also down a little bit, but they had a pop on earns yeah, no earnings today, i'll only double check that usually on fridays, everybody's like get me out of here, which is kind of funny, because the market's doing so terribly it's Like yeah, please do get me out of here: yeah, no, no, no earnings! Today, let's see what sarah's got to say about this, what do you have to say for yourself, sarah, you to the downside internally, as you would expect to see, or maybe would like to see as you see right there, it's less than six to one negative to Uh positive volume on the new york stock exchange you want to see maybe eight or nine to one to really say people have sprinted out of this market.

I mentioned the mega cap. Stocks have continued to be the main pain point. Look at the equal weighted s. P against the standard market cap weighted one on a month-to-date basis, now both down significantly, but you have about three percentage points of advantage from the equal weighted one, which of course, is something you can own uh through an etf.

The volatility index spike back up. It's tried to kind of crack below 30 a few times this uh this week and make another spike on the chart. Not quite there we're going to go out into the weekend at the highs, typically, not a bullish thing. I would want to point out, though, sarah remember last fed rate hike meeting in march market was awful going into it.

It actually had a buy on the news response once we got the hike see what powell says this time next week on wednesday down 995 points. Here, with less than a minute to go into the close united healthcare goldman sachs, microsoft are, the biggest drags looks like we are ending the month of april, which was a brutal one for long investors on a very strong down. Note down note right now: down 3.7 on the s: p, 500, nasdaq, 100 down four and a half percent that will cap off the worst month for the nasdaq since october 2008. The depths of the financial crisis composite down 4.3 and the dow going out with a loss of 980 points, or so that is going to do it for me here on closing val, have a good weekend.

Everyone i'll send it into overtime. To pick up this breaking coverage of the sell-off with scott waffner, look at that all right, sir insanity. Absolute insanity, look at that straight straight down right there that is a close uh under the uh uh uh. That is a close under the uh.

Our fib over here we did have this before uh over here on the 26th couple days ago, we got down to 3 11.88, so we're actually higher than the low we had on uh tuesday. That's actually kind of interesting uh. Let's look at the spy here spy going into the clothes. You know a couple little tick-ups there, but uh.

That's it! What a crazy crazy uh into really the month here but boy, oh boy, amazon, ending up 14 down uh, it's so much so much wealth destruction! So quickly, these are, these are stocks. People think are safe. This there's no safety in this market, there's no hiding unless you're, maybe in the weed etf. Let me see the weed etf now, weed etf was down today as well.

If i go to the day chart here, yeah weed etf is really consolidated. You know really hasn't done like. If you bought into the weed etf you you would have had to catch it early. I first pitched the weed etf on the channel at seven dollars and sixty cents uh.

I wish i bought it then, but i did pitch it on the channel i go. You know this is probably going to do pretty. Well, it would be nice because it would it you know it was probably had a nice 40 in it, but uh it's stable. It's been stable at that, but hey you know what that's the thing you you don't want to look at that what it could have showed us.

That'll drive you nuts, don't look at your portfolios if you're long, uh, 2.78 on dave and busters, it is still sitting at 45. Bucks, though, still actually pretty good. Like dave and buster's. That's not bad performance, unlike redfin here at 11, like you, go to the day, chart and dave and buster's like if you are all in on dave and busters you're, actually not doing so bad.

You could have gone all in on dave and busters in the depths of the pandemic at 10 bucks or whatever back when we you know, i was pitched in this stock uh. I was seriously concerned that they were going to go bankrupt, though so i ended up. Selling out of dave and busters uh and uh, the the executives were talking about trying to do like live radio shows, i remember at their stores, and i'm like you guys, are total morons. Why don't you put the games outside and like charge? People to do hacky sack outside in the parking lot and like sell beer like that's a smart idea like you can do.

Radio like have like live radio shows or whatever inside, even but like that's dumb i'll, never forget that uh. Obviously, the stock ended up performing. Actually quite well uh, which sometimes shows you the difference between just like the way momentum can either depress or or support a stock versus what actual management is doing right that disconnect, but anyway, wow crazy. Well, hopefully, this is just the kind of pain that we're seeing before our major catalyst next week.

Remember folks, this is actually the same thing that we experienced in march. Remember go back to march, okay, let's, let's do that for a moment! Take a look at this march 8th, which was right before the fed meeting. Was this same freaking story? Folks, right here, look at that! It's the same pattern march, 8th one week before the federal reserve meets. What do you get massive pain? When do you get your next low the day before the fed meeting, and then everybody bought like crazy after the fed meeting like we got our rate hike and then everybody's like all right, that's over.

Let's go back to party and we got this crazy rally. Hopefully, we repeat that right, yeah march 14th was the it's it's march, 8th and march 14th are basically exactly the same thing that we're seeing right here, almost the same thing so uh, hopefully we repeat the up and not the down anywho appreciate you all being here. Folks, thank you so much and we'll see you in the next one good luck out there and do keep in mind. If any of this is depressing, your sponsor, for today is life insurance.

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