Well, howdy welcome back to another market, open, live stream. Welcome everyone uh! Well, uh! Welcome back to some more red uh, it's probably what uh you're hoping for if you're looking for another sale uh if you're looking for sanity, this is not the right place, because well, prices just keep going down down and down. Uh, i think yesterday was was a really kind of insane uh insane move. That is almost a little bit of a bellwether of just more pain to come.

Unfortunately, uh that's because if we really look at the sparklines just these lines right here for yesterday uh, they tell us a lot in my opinion about just overall sentiments that every and and we've been saying this. I hate to say that we've been saying this because that sucks uh it's just been a pattern - that's been impossible to break every rally that we've had has been convictionless. Everything that has been going up comes down. That was really shown yesterday in this this.

What you're? Really looking for is this: you right the beginning of the day you get the up and then you kind of get the straight down, and this was true of virtually every single stock yesterday and it continues to be true of of of uh of the tech sector. But more broadly, the everything uh sectors now uh, everything's kind of getting hit and what's interesting, is up until late yesterday, crypto had been sitting around, like bitcoin, for example, has been sitting around like 42k, but after those netflix earnings a couple hours later, people said you Know what maybe netflix is a sign of more pain to come. If netflix can drop 20 in an afternoon, then maybe it's time to go risk off and look at this when we saw the drawdown the drawdown in btc, cardano ethereum, uh sheep, you all of them virtually all of them here, we'll go to coin market cap for A moment uh and uh and really the question is when, when is the end right, when is the end of this sort of pain and madness? Uh yeah look at look at these. These uh spark lines over here on this on just the seven day, and you see that sort of substantial drop there on the right side, uh, followed by kind of hitting a little bit of that that uh scaffold there so to speak.

Yeah, i mean everything here red with the exception of like the the little green that you see from the uh stable coins, which is not even fair but uh. What's worth noting is we've had some really clear bad bellwethers uh and i want to start. I want to just mention a few of them here. Okay, i'm going to go back to this here for a moment all right here we go all right.

So, first of all, uh, probably the most important one - is yesterday uh, i'm kind of kidding when i say the most important one, although i don't really know uh what what to make of it. But anyway, when i go here to bloomberg.com and and i go to login uh and i do my little two factor of thingy majiggy here uh, i take this little device thingy here and i point it here. Oops there you go and i get this little code. Okay, the last time i got a wild code was uh was was last year february 19th and the market went to crap yeah, which was not good.

This is the code i got today, which is probably a little harder there you go. Sometimes it gets a little harder to focus on there. You go so some random assortment of digits here, not no big deal cd gv, whatever doesn't mean you're, not making anything uh. Last year february 19th, i got uh prey and the market went to crap like immediately thereafter uh well, yesterday, uh and i didn't realize it until somebody in the comments said it.

But yesterday i got sh9 t which yesterday i said, that's really weird. That's kind of like, like censored, uh, and then somebody said this and this i i kid you not i'm not a superstitious person, but it is the weirdest weirdest thing that uh i heard and so sh9t. If you write that down and then ask yourself what is the ninth letter of the alphabet? Okay, so in other words, you can look on screen right here. Thank you, streamyard, for letting me do this anyway.

Sh19. What is the ninth letter of the alphabet, and it literally completes it for you, like you, don't even have to guess. They literally told you, which letter of the alphabet to use, while still being polite, okay, that that is like doubly freaky like it was freaky. When i got censored uh s h, i i t, but the fact that the ninth letter of the alphabet is literally the missing letter is quite quite strange, uh, so and and given the fact that i have not had a word well, okay, i did have alec Uh, like a couple weeks after alec baldwin's gun mysteriously went off without him, apparently having his finger near the trigger uh, i got alec and i'm like okay, that's just trying to troll him, but other than that i hadn't gotten anything so so.

So that's a weird one: the sh9t okay. So so that's a problem. Uh then something that is is a real issue uh, in my opinion, uh, very tough. For me, i'm from mit um, that's funny.

So a real issue is something that that you know i like to call um. Scaffolding in in the market is, is when the market's falling uh. I like to look for a scaffolding to help me understand when it's time to rebuy uh, some smaller uh companies that have sold off more right and uh and and the scaffolding we drew on some of these companies as a way to determine. When is it time to buy back in because see when the market's falling it can continue to fall uh, but what you're looking for? Are tests you're looking for the market to pass tests where it bounces off support levels? And then you know: okay, we're going back into a sustainable rally.

This is different from uh. You know here. If i go to the normal candlesticks for a moment, this is different from on this day, lemonade's up five percent. On this day, lemonade's up eight point: six percent right, uh it it's different from those little rallies, because you don't want to take those green candle, sticks and say: oh, that's it the market's rebounding time to go all in because you could still be on this insane Trend down see the trend down is marked by a lot of green and red, like you're, going to have a lot of green days mixed in with a lot of red days on your way down, and so what's really important, in my opinion, is setting up these Sort of scaffolds where we say okay they're not like i mean you - can never guarantee anything with technical analysis, but they're not like series floors.

I just call them scaffolds now, because it makes it's the most visually representative and the the good news is we hit these for a while. We hit them and then we bounced and then we bounced the bad news. Is we broke a lot of these? We had lemonade at 140 as as we were tracking. This was not like.

I bought lemonade at 40 thinking. Oh my gosh, that's it! This is the bounce right. This was the test of the market and the market failed the test because it knocked over the scaffold. Uh, the same was true of docu docu sat at 140 for a while, and it really tested this area here now it's at 123.

uh. The same was true of uh. Let's do another one here, cloudflare right at 129., so where was 129? The scaffold was here. This was the 129 area kind of right right where that horizontal is uh and you can even see it get rejected by the same scaffold right over here, approximately plus or minus a little bit uh.

You know end phase, you know some of these. I mean here's. Here's one 180 right same problem: you had the little scaffold here didn't work now: you've dropped even lower uh and and now you're, almost bouncing off of of uh. The resistance trying to get back up, i will say carnival cruise lines, is one of the few that has stayed above, but it's also started to rotate back to that scaffolding, and it's probably just a matter of time before it goes through that rk at 92 uh.

You know some somewhat of a of a support ish over here. I think we actually drew this this diagonal line for that, just a complete breakdown, uh, so uh, you know i mean it. Doesn't it doesn't really matter what it is, even even a firm right. The same thing you've got, you had the scaffold here like 91 briefly, and the reason this one was really incredible was because i didn't even draw this recently.

I drew this like way back. This was like the last the last uh i want to say it was this cycle over here anyway, uh it, it really bounced off this about three solid times. You had an intraday bounce over here, uh, where, where, after i think this was where the um? What's it called uh, the consumer financial protection bureau is like oh we're, trying to learn more about, buy now pay, laters or whatever right. I think that was here uh anyway, you, you had roughly three moments here where you kind of tried testing what we saw way back when uh, but no the market also broke that uh, and so i mean look at this even trade desk like 67.

Now, there's there's no uh, there's no support is is what i'm trying to say like that. The scaffold support is is not really here and uh. It probably begets more pain until the federal reserve chills the f out, in fact the uh the. So i'm going to write down the failure of support, i'm going to write that down hold on so we've got sh9t we've got the failure of support uh, but then you've also got uh the the uh.

Well, i don't know how big of a necessary catalyst. It is it's just commentary the uh uh, i don't know someone from the ecb european central bank uh this morning was talking about how jerome powell's got ta really consider relaxing because they could impede the global recovery. So it's kind of wild to think how jerome powell has this uh this this power of of affecting the entire world, but he does and uh you know the nasdaq's down about 12 percent no hold on. Let me take a sip of this.

Don't sue me! Bro! Coffee, here, hmm perfect, all right, so uh failure support sh19, the uh nasdaq, really presenting a lot of pain in individual stocks, but indice wise 11.9 percent. This isn't even like this doesn't even start the pain that we saw at the end of 2018.. In the end of 2018, i worry is potentially going to look like a nothing burger compared to what we had or what we might have here, because and here why do you see this? Take a look at it, so you go to the qqq and look at the end of 2018 and we know we had a sell-off with the s. P.

500, not a big deal uh. We. We know that it was right here it you know in in this kind of view. It doesn't look that impressive, but anyway, if you take the top of 2018 for the qqq, which was where's the darn thing so right here, 185 79 for qqq tracking index - and i drag this to the bottom.

It's only about 20 20.5, which, if you compare that to the s p 500, is actually roughly the same thing that the s p 500 did so try to get the top here and drag this oops not dragging come on. Drag okay, google! Listen! It's like a little puppy anyway. Both of them draw drew down about 20, but what's wild and - and this is potentially the more concerning aspect - is look at the right side, divergence. So on on the left side, you have relative convergence between the qqq and s.

P. 500 and it could be because uh you, you are uh uh, you know you're comparing to history and these lines just look like they're closer together. But let's, let's just quickly look from five years ago to the beginning of 2020, the uh s, p 500 was up about 43 and the nasdaq was up about 77. So that's a 30 percentage point uh divergence right in in performance, okay, fine uh! If i now look at the performance from the pandemic, and so what i'm going to do, is i'm just going to write these prices down here, because i don't think i have an easy way to do this.

Otherwise, qqq we're going to manually do this, so the nasdaq outperformed, the s p by 500, i'm sorry by 30 points and uh had the similar 20 sell-off to the s p 500 at the end of 2018., so 170 and then the spy was 2288 okay. Great now we go to uh the the recent peak that we've had, and that was probably what end of december okay end of december. Here qq is at three nine: seven: eight five wow uh and four seven, four: nine six: okay, let's just quickly see if, if there was much of a divergence there in the performance of those two so 39785 divided by 170 70., that's a 2.3 x write that Down 2.3 x and then the s p, 500. Well, the s p 500 also looks like a 2x 0.96 divided by oh, that's, gon na be pretty similar.

Actually, that's crazy. Yeah. Look at that 2.07. So still had about a point.

Two three percent outperformance over the s p500. So maybe it just looks that way that the uh nasdaq did a much much larger kind of performance here than it did during this period, which maybe that's that's a sign that the nasdaq would only go down as much as as the s p. 500 did at the end of 2018 in sort of a worst case scenario uh, but it certainly doesn't seem that way when right now, the s p 500 is down about five to six percent and the nasdaq's down about twice as much so uh. Even though looking at at history they, maybe maybe they should be operating more similarly uh, they they aren't right now.

The tech is definitely outperforming to the downside, uh, and so i don't know uh what to make of that beyond, especially because i was really expecting that this. This uh divergence here would have been actually a lot larger than it was here, but it wasn't much more of an outperformance uh, which is really kind of interesting to look at uh, and so the fact that it's out performing now is really a break of trend. It's it's a break of trend that we've seen in the last five years. I suppose that's the only thing we can make of that uh, and so i suppose that that would be the thing to to write down.

Is you have a break of tech trend uh by the qqq selling off so much more than the s p, all right for qqq oversell, which then sometimes makes you wonder like okay? Well, i mean is that is that time to buy then right, uh and that's always the hard question, because the market just has has no conviction right now. If you go over here and you look at the day chart for the nasdaq, you know this is the first time not in forever, but in a long time that we've seen this kind of substantial break on uh, the nasdaq. You can see this this relatively beautiful channel here going back to september 2020 and we just broke. You know: that's that's not so ideal um and if we look at the s p 500, i'm pretty sure we're straight through the 100 day moving average right now.

Yeah, look at that look at that the curve through the 100-day moving average right here, uh now, usually and and consistently in the past. This has been a buying signal. This has been like uh, oh man, all you have to do is is uh buy under that yellow line the 100 day moving average, but now it's below it, that's bad! Uh! Now, over the past two years, it's we've just been a by the dip nation. You know, but i can't help but be tempted to want to put together a meme which i might do because you know that's just what i do uh.

I was thinking about staying up last night to do it, but but then i then i got too lazy to do it but uh. I couldn't help myself, but yesterday we were watching uh, the titanic and - and i couldn't help this scene uh and - and i was kind of a little late in filming it. But anyway, i couldn't help myself but think that in this scene i should label the top of the boat where the people are holding on uh right. Where are they gon na? Show it right right here like right here, i'm like oh look: lauren hodlers, oh crap, um, yeah, uh, uh, yeah, um yeah anyway, uh so uh anyway, uh yeah, probably the titanic's, probably not the best movie to be watching uh.

But anyway, let's uh. Let's, let's go back to oh yeah, lord left, so uh anywho, yeah, uh netflix, oh yeah! That's that's another issue. Okay, so uh, okay versus the uh. What is it six point: nine percent for the s p, four spy; okay, so sh9t failure of support the double decline of that qqq over the spy, the break of trend for the qqq and the spy 100 dma; that's no and uh; and then and then, of Course this is just this is just a poop storm.

I mean this this right here. Look you want to know why the indices are red today. This is your uh perceived canary in the coal mine. Now no guarantees it could all be for knots, but this is a potential problem.

It's netflix right how sad it is, but the issue with netflix was not q4 okay, and you got to ask yourself this folks if the issue wasn't q4, what was the issue? Ah, guidance, okay, guidance for q1, and and what are we going into now? Earnings season we're gon na get a whole lot of guidance and a whole lot of uh drama, uh huh, so uh yeah. So now that the question is well where's, the bottom and the real answer is, nobody knows nobody's, got a crystal ball uh i mean quite frankly - and this is always the crappy thing the bottom could be today. It could have been yesterday. We haven't even opened up yet that might be delusional because uh i i don't know that uh, the the uh institutional short sellers and and buyers with the big dollars are really interested in betting.

On jerome powell to be enough, uh jerome powell is uh is under a new manuscript given to him by joe biden, and that is save me otherwise, you're going to end up getting replaced by the next president, anyway, uh yeah, pete, okay, somebody saying piton up on Pre-Market, like the only reason piton is up on pre-market, is because the ceo came out and decried that the drama of yesterday with the whole thing of production was fake news and uh that that the market need not worry, they're doing everything they can to uh to Deal with their their issues, i'm not sure how much confidence it really provided, but clearly enough for the market to be up five percent and how how they're, like now chasing down and potentially pursuing legal action against uh a leaker. It sounded a little bit to me. I hate to say it like a lash out. It sounded like the ceo was kind of just like how dare you to talk to the media? No i'm mad you're fired uh.

Then then anything that that really should distill confidence. Uh yeah man come on thomas. You can't liken money to cancer. You can't do that man.

You can't do that money, don't solve cancer, money's cancer's the worst thing in the world. That's well one of the worst things i mean there are a lot of really bad things in the world and that's one of them anyway, so uh, okay, all right! So how are we doing here? Well, let's uh. Let's take a look at uh at uh. Some of the uh drama going on and uh we're, also gon na, take a look at breakevens again so nasdaq under one percent right now in terms of a loss for the open three quarters on the s p, 500 and the dow at about point.

Four six uh we've got uh some here we go imf chief, says, fed rate hike could throw cold water on global recovery. I was reading into some of her arguments uh, but they weren't they weren't too exciting, um yeah. Let me grab 10 year break evens and treasuries really quick too, and then we'll go. Oh wow! Look at the 10-year treasury.

Look at that plummet. What happened? The 10-year treasure just plummeted, why it doesn't even show on the chart. Yet why is it sitting at 1.75? The chart hasn't even been updated. Yet is it? Is this just like a little glitch? That's odd! Let me let me see hold on.

I don't see a reason why a 10 year would plummet like that. We shall find belt okie dokie here all right, uh, oh yep, um, 10 years at 1.75. Okay, what about the five year break even five year break even is really seen as our uh inflation fear index. No, that's down too.

You know what i did think was very interesting is kathy. Wood's flows. Uh have actually been better than expected. I thought the flow would stop but uh if i go to arc flows yeah.

If i look at the arc flows, the last three days, people have been buying the dip in ark uh. We had outflows on friday, i believe, of about 322 million dollars. No, that was on the 12th. Oh, no, i'm sorry here what yeah 12! No! That was the 13th.

Oh, the 12th was another outflow day. Okay got it so lots of outflows on the 12th and 13th, but then here on the 18th, 19th and 20th she's had good inflows uh, so someone's buying the dip. Hmm anyway yeah. You know that's actually an interesting question, vinnie who's, making money in this right now, it's short sellers, because i i don't think that there's a very clear place to go.

Gold is not the answer. It's it's been substantially. Underperforming uh oil is, is very volatile. If anything, it's it started to kind of inflect back down uh.

You know, i don't think recovery stocks are anything special. I don't think nancy pelosi is making money either uh. Let's see i i. I really think it's it's the people going to cash and the short sellers.

They are potentially realizing losses because remember a lot of short sellers are along the market and that's something important to remember is: is you know the wall street vet movement uh, always decries? That short sellers are, without a doubt, evil people and don't get me wrong. There are plenty of evil ones, but a lot of them are really just trying to hedge, because you know you can't have a hedge fund and then have the market fall 50 and you be down 50, because the only way you're going to get more money is, If you were shorting the market like nobody's gon na call up your fund and go, i want to put more money in while the market's falling. This is not the way it works. Am i supposed to be against that? I mean let's go to um start.

Let's go to metaverse. Okay, if you take a look at what matters you know you're talking about, of course we're talking about the old uh facebook yep, okay, it's jim we're about 50 50. Here, maybe 45 55 here on the market on the s p. 500.

In green red, it's actually not that horrible uh, unless it all turns red, why is jim still talking about the metaverse stop the the metaverse is is a meme and momentum? That's all it is uh. You know we've got video games and for the time being, there's no metaverse. There is no metaverse uh in the future. There will be yes uh all right.

Let's see how things are behaving all right, so at the open, netflix doesn't know what the heck it wants to do. Disney's deciding to go green, uh and and shift technologies deciding to to go more red. Uh peloton is actually deciding to go green on this news. As well, ubiquity i'll tell you, ubiquity has done really well at holding on to essentially 300.

for being a tech company. It's been holding on to 300 really well. Look at this. This 300 price level, where kind of the red line is that we've been rubber banding around here, has really been holding uh since june.

Dwack is up uh, but i do see some red candle sticks here, so i don't know how long that'll last good old whack anyway, then? What do you got over here? Look at that. Tesla is up about half percent. So that's that's good uh cloud flare trying to rotate up okay, so so some love coming here, uh s arc rotating down a little. That means arc's actually going up a little uh how's.

How are omegas doing or mega homies here mega homies. Oh look at that. A little bit of recovery here, uh apple uh matterport. Oh my gosh 5.9.

At this point, it's just laughable: uh, disney 4.95 arrival; 3.42 palantir 2.75. What uh? Oh there's robin hood and trade desk in about 2.4 to the downside, tattooed chef, oh 1280. Oh my goodness! Uh rocket mortgage square square's at 125 folks uh, etsy, 157. how's, amazon, amazon amazon was for a minute there under 3 000.

wow, google uh yeah, okay. So the only things going up right now. Are we a firm okay, 1.42 on a firm, lucid, open door? D-Wack ubiquity piton apple's trying to come around uh right here, yeah apple's trying to move visa tesla they're trying to make some moves here. This is not necessarily horrible.

Okay. I i'm gon na. Let's, let's see for all look at that, you got bitcoin moving up a little bit as well with uh with the market uh. The minute chart here on btc is showing a little bit of love on recovery notice.

How uh, oh yeah drew you got to turn off those yahoo notifications, uh? Yes, we're going to be talking about shorting again in the course member live stream today, so stay tuned, but uh notice. How btc uh is is moves when the tech market opens and shows. Oh tech's, recovering a little bit by btc. It's almost like the btc market was waiting uh for for this opportunity, uh or or to get a confirmation from the tech industry.

Look at gold over the past few months definitely has been a good place to put your money over the last few months, not november. To present. Remember is that true. I thought it was like stuck at 1800.

You know i i don't really track mods uh, but i will uh. Let me see uh gold spot uh gold dollar spot line, chart uh. I mean if you're talking about going from like 1792 to 1840, which which you probably are you'd have to have. You would have bought around that literally the last few days of the month, because uh you could have been down as well.

There was a big hump there in the middle, but if i go back five years i mean for the amount of uncertainty the market has gold hasn't been that excitable i'll pull it out inside. So shout out to bloomberg for letting me share the chart. That's not that excitable uh, unfortunately, for for the amount of drama that 2021 brought and the beginning of 2022 brought certainly does not seem to be uh a substantial uh play, but but okay, steady, uh yeah, i mean that's. Okay, that's that's somewhat fair i'll! Accept that uh anyway, what? What is this um? Oh you bought piton, puts says someone.

You know they could still pay off. Uh yeah, it's it's not! It doesn't take much for this market to rotate back to the downside, i have to say i'm impressed with uh with with lucid the fact that it's maintaining this 40 price - it's quite impressive. Where is let me see here all right, let's see um, let's see here. Okay, just had to send a quick message: okay, so uh.

I do want to see what the suits are saying. I know that jim cramer is saying the nasdaq and the s p 500 are having their worst month since march, but what i really want to do is i want to see what the suits are saying. So, let's go find out. Rug, pull at 10 am nope.

6, 59 or 9 59 semiconductors are driving much of tax declines. Chip stocks are increasingly significantly a pain point in the yield driven tech sector, despite robust demand, infotech just edged past real estate and consumer discretionary as the worst performing s p 500 sector through thursday semiconductors is the second worst uh compared to software. So uh chips down. Thirteen percent software down nine percent hardware and equipment down eight percent: let's see it's risk off for value and tech tech stocks seem set for a rough morning uh well.

This was written before we opened, but also banks are down one percent, so value is uh. The impression there let's go look at the the banks for a moment. Let's see if they're recovering too yeah donkey, uh yeah yeah, there's jpm down a percent nvidia down a percent netflix, not very happy uh yeah, netflix 21.45 kind of worsening here, open doors moving up. Well, there's nike 1.9 percent cloud flare, uh, cloudflare rotating back down here, hmm dwack, also pushing down goog tried going up about half percent rotating.

Let me see some more of what else suits you're, saying: okay, treasury's rallying on asian-based demand and short, covering asian-based accounts, have continued to buy 10-year notes. There's also been a smattering of short covering in the long bonds. Traders tell me. U.S accounts have been both buyers and sellers in the two-year sector.

So far, today, brokers confirmed that's interesting. There are a lot of short sellers in the treasury market, and one of the things to pay attention to is is when we start getting short covering see when we start getting short covering. That could be the sign of a bottom and we really haven't seen uh that any kind of real short covering. Yet, let's, let's look for a moment at the shorts.

Have i ever done a full day. Market live stream, um january 6. You could somewhat call it a market live stream, but january 6 2021 that was 10 hours long. That was an insane day but anyway, no otherwise, no uh.

Okay, let's look at shorts for a moment. Okay, so give me tickers. I need some tickers give me whatever tickers you want. I can't promise i'm going to get to everything, but what you're looking at is.

Is this chart? You can't really see uh. Can i move it up a little bit? Probably no. I can't oh you just hold on let's see here. I will just have to do this all right.

I'm gon na look at this little chart here together, all right so arc. What are we at percent? Short? 14.55? Okay, dkng. Let's do this fast well, 11.7, tesla and again, you're looking for an inflection to the downside like tesla is not actually that short, it's only 2.5 short. But at this point i don't think many people actually short tesla anymore.

That has been a losing proposition coin's. Actually not that short either. Let's look at the small caps for a moment: 20. Ah, a little bit of a draw down there on shift technologies 29.85.

How about ttcf? These were some of the big shorters. Now still up there, 31.9 element, 36 short wow. So far yeah, let's look at so i really like sofi i mean they are so it's incredible. The amount of stuff they do doesn't mean it's a necessary buy right now, hot, that's only five percent short talent.

Here, oh yeah, oh man, uh point three. Five percent short: oh ust. Why do i not know what that thing is twelve point? Four, three uh, oh matterport! What the heck is: fami uh matterport's, actually up on the shorts, how about like the big ones? Qqq apple? Oh, look at the shorts go up on qqq folks, here's january i'm gon na leave my mouse where january is look at the pumps and the shorts there. Actually, i can't leave my mouse there, because i have to use it how about the spy little little uptick here, amazon, somebody's making fun of me for not knowing about family, affirm, uh, okay, uh six points.

It's actually not that much. Six point: three: eight up a little end phase, only three percent on in phase netflix yeah, it's a good one kind of down. That's nothing! Hubo! You should look at his net uh, oh yeah, here's the netflix chart! That was this. You could pause it if you want or just look at this list right here uh.

This is the one you want to look at short interest is percentage of flow uh. Oh beyond me, it's a good one. Microvision 18 beyond is 36 see. None of them are really inflecting to the downside.

Oh, what's the uh short bond fund. Can somebody somebody give me that one for a moment, my michael bury short bond treasury, trying to remember what it was called? Was it ah tlt, so he was shorting tlt. I see that tlt wow, it's 30 short, oh my gosh, the bond fund. Oh oh wow wow! I already did whatever this family thing is uh.

Oh it's at 21 cents. Oh, i see. Thank you ribbian, that's a good one! Oh rivien and lucid. Let's look at those ribbian's up.

It's only 6.3, that's shocking to me! Lucid 18. Also up uh, crsr, okay, i'm not doing any more of this. Oh out of respect for sundial. I will do sundial, i feel so bad sundown, but everybody's feeling it.

Oh. We got ta do piton too, though piton um, i don't know the chart's, not loading for piton, but it says it's only nine percent short 9.9 and oh ggpi all right last, one yeah all right, so certainly no clear moves to the uh to the what's. It called oh look at the spy look at the garbage. Oh look at that again.

This is folks the definition of convictionless bullcrap market. I kid you not. It is the definition of disaster. That's bad! It's really bad and it makes you wonder like.

Is it bottom? Yet, probably not uh anyway, uh, oh yeah, all right, so more pain, more pain, less gains, uh! I will be doing a problem. I don't know if i'm gon na do an earlier. No, i probably might there's a good chance. I might do an earlier course.

Member live today, uh. Oh, look a little rebound in the s. P! 500. Let's see how quickly that gets squashed.

You know i feel like this is whack-a-mole uh. You know it starts going up and uh and then uh and and then you're just ready to uh. Sorry get the hammer ready. Just just wait.

Just wait! The hammer is gon na come just back in the hole you go. Oh gosh, oh, that is so annoying. Does anybody ever have that on a chair? I think this is the second time this thing's broken, where, like there's an arm rest, but if you like go to get up and you lean your weight on it, the arm rest collapses down, see like if i do well see now, it doesn't want to do It but anyway, that it's been happening a lot. It's really annoying it just sinks down: uh, hey, okay! Well so far i haven't seen the hammer yet here, but uh.

It certainly shows you. The sentiment of this market nike is trying to hold on a little bit. Corsair's got a percent here, cloudflare's sitting at 94., my goodness 94. uh gee whiz, oh yeah, but what i was going to say is the in the course member live stream.

I'm going to be talking about a uh, a combination of uh of calls and puts so a little strat, so that'll be a little later today, uh, i, i think, probably the best way to advertise a gap fill for tesla at 939. I'll look, i think, the best way to advertise the course at this point is it's like uh in markets like this? It's mental therapy and strategy talk. It's like it's huddle up time, uh. Obviously, when the market's in pain, it's uh, you know it's rough.

That's a rough time for everyone, uh so and even even a lot of the short sellers. It's a rough time for because again most people are long. The market they just have shorts to cover themselves. So, okay, no no whack-a-mole! Yet on that uh on the spy.

But tesla did go from positive to uh to negative. I think we were up as much as what point four percent there for a moment. Now we're down one point: three percent so uh do i have a license to be your therapist uh? No, i have no licenses, you can't think of anything to say uh. Your arm rest is like the stock market, you think it'll hold and it doesn't exactly and then it's in and it's the unexpected dump too uh.

It's funny. Now it's you know and they replaced it once before under warranty. So i don't know what the problem is uh whatever. I know that sounds crazy, like under warranty for a chair but uh.

It was under warranty, so i'm like i'mma take advantage of it. Like don't sue me bro, you know come on. Oh, i love secret lab chairs. We got like five of them in the garage yeah.

We got jack a secret lab chair for uh for christmas. They have like a uh, a smaller one for children and it's a it's a creeper all right. Let's read bloomberg here for a moment in barons, minecraft creeper, secret labs, chair, but quickly just got ta pitch that look at that. Look.

How cool this freaking thing is. Look at this: how cool is that? Oh man, jack's in love with this, the end is cyberquad that and the cyberquad anyway, why? Oh look they're showing a trench? Are you serious? Oh? No! No! No! I thought that was like world war one and two. Oh, no, that this can't be ukrainian soldier in a trench on the front line in ukraine. Oh my gosh, i did not know they were bringing the trenches, but i mean i suppose, to some degree it makes sense, but that's crazy.

This is oh, my gosh uh. I, like 90 sure i mentioned the galileo acquisition in my sofa video, like 90 sure, because it was all my notes, uh, i don't know now. I don't know if i did thought my sofa video was quite thorough and that was definitely on my notes. Uh.

Aha. We got ta, we got ta put the fud to bed, i don't like it when somebody tries to call me out. These are kids hold on or somewhere around here, let's see here. Can we hear this found out before we go into more of this banking news? Uh to the fact that they acquired galileo financial, this is a boom.

Sorry, i had to do it, i'm not trying to make you feel bad. I just didn't want to feel like a butthole, not not mentioning it all right. Where were we uh? Let's see here, fed scene, signaling march rate increase in asset runoff omicron is pushing small businesses to the brink. Okay, that is interesting.

Uh no worries alex it's fine, it's fine, it was. It was very brief. Imagine you were born in modest circumstances. You spent decades shaking off the limits of your hometown.

Okay, what's the point here uh, i i don't want to hear about the diado white flag and just i want the point you know this is like a long intro on a video on youtube like all right. Come on small pandemic delta variant, i write about ppp funding. Come on, man come on, let's go where's the freaking point christmas eve. One of the employees called in sick next came a cascade of omicron induced call outs yeah, oh oh, who heard about uh uh the adele thing like everybody was trying to get a dell tickets.

Remember that was like all the rage and uh and then all of a sudden, uh uh yesterday she's like sorry, we're not ready and cancels the show like four hours before and blames omicron. It's actually a good point. You know it's uh, it's it's! It's a big issue: oh oh, wait: tesla got the hammer. Did the spy get the hammer? Oh, it got the hammer.

Oh six, the hammer dropped. Oh it's just it's just money. They say still hurts anywho uh all right folks! Well, i think that that about does it for pain right now. We could just keep watching these little charts go down anyway.

I will be uh making a video about uh, some beautiful uh option potential strategies, both short and long uh, and with that said, i love you all uh that video will be in the course and we'll do that as a course member live stream and folks i Got ta go now goodbye.