Oh there we go hey everyone. Welcome back to another market, open, live stream. Welcome! Welcome so uh. We actually for the first time in uh.

Quite a little bit of time, uh seem to have a little bit of a green day here, which is uh kind of almost uh unheard of here. For a little bit, uh we've been pretty darn red for a period of time. It's definitely uh uh too early to suggest that uh this is uh, potentially the uh, the the end of the uh, the red uh. I think this is uh, certainly um uh nice, though it's a nice little reversal.

I think this is going to raise a lot of questions about uh. Is this just a dead cat bounce? Is this uh? Is this going to end up being uh, something that's more permanent? Is this the beginning of a santa claus rally? You know, i think it's important to know that uh as much as we want a santa claus rally at this point. It's always important to remember. There's nothing that says we got ta actually have a santa claus rally.

Uh santa claus. Rallies are make-believe. Unfortunately, uh now it is possible markets go green from here. It's possible markets.

Uh are green after christmas, who knows uh. I think one of the reasons we're seeing some enthusiasm right now is that there appears to be a little bit more hopium on the table that maybe the buildback better plan could come back, uh, which i know there are a lot of folks who do not want To see the buildback better plan come back and so might be frustrated by the fact that this could potentially be why the market's a little bit green uh. There were suggestions about uh, larger discussions between joe manchin and joe biden uh sunday evening, which was uh the same day. Basically that joe manchin went on fox sunday and uh blew up the deal so uh.

I. I definitely think there are um. There are a lot of high hopes that the market has, especially if it has to do with buildback, better uh other folks, uh suspect that maybe this is finally just uh. Uh we've hit the bottom on too many things, and now it's time for us to turn around and just realize okay time for a little bit of green could be all it is so uh a few things to consider there, but uh anyway, we've got uh uh.

We've, what do we got here? We got the dow up: uh 0.18 uh, the s p up 0.87 and nasdaq futures up 0.0101. If you jump on over, though grab the spy chart on the hour, you still have. Actually you can even go out to the day. It makes it a little more clear you look at you, you still have this double top, which is not super super great uh, not super exciting for the market uh, and a lot of folks suggesting this.

This double top here could be an omen for uh for much worse, uh, we'll see, uh we'll see. We've uh we've regularly seen this kind of nonsense. I mean we don't have to go back that far. I mean look at this over here.

You look at february and then you look at the march pain, this kind of looked a lot like a double top as well uh, and then, of course you had pain. You know a nice nice april here, but then pain in april again and then a recovery and then pain in june and then recovery and then pain in july. So uh, it's just been a little bit more extended here september october. This was a nice period of time uh to to do a lot of dip shopping and uh.

This has just sort of been a little bit of a revisit uh. It almost seems that the pain that we're having right now or had right now, the last few days, was about to get better or about to get worse than the pain that we saw at the end of november uh and early december, but uh. But it looks like we, you turned just in time to avoid that which is kind of funny, but uh anyway, uh all right. So let's take a look at some of the individuals here.

Uh so no surprise honey mining up about eight percent, and that is because we're starting to see a little bit of a reversal, uh take stronger hold on btc and some of the other coins you can see. We were stretching pretty far. This is the 30 minute charts here chart here we were stretching pretty far beyond uh that support channel of uh support channel again between 46 7 and uh 47.1. We were stretching down to about 45.5, not great during periods of of pain, to see kind of this cell down here, but now we're stretching back up to uh, just over 49 000 uh and sitting in about 48.7 right now, obviously good for um uh for cryptos And uh, what's good for kryptos is good for crypto miners.

As of friday, the gbtc, which is the grayscale bitcoin trust, was selling at oh, i want to say it was a over 20 discount see if i can get yeah here. We go so according to grayscale. The price of gbtc fell friday uh from uh. Let's see here, okay hold on each gbtc share, currently amounts to .00093202 shares.

So if we write that down 0.000932093 202 times the price of bitcoin uh, which 48 750, let's just go with that uh - that means the the share price should be about 45 dollars and gbtc. Right now is trading for uh, so it doesn't trade in the pre-market. So we expect this one to be green a little bit here, but as of yesterday, it closed at 34 7.. So if you wanted a discount on bitcoin, uh, 34.7 divided by 45.43 you'd be getting about a 23 discount on bitcoin buying gbtc at the end of uh.

Yesterday's close now it does mention uh. It's it's worth mentioning. This is a close-ended fund which means uh. It's it cannot the company cannot easily add or remove shares.

That's why you kind of get this more volatile pricing uh, because they can only do sort of these. These share adjustments at a time rather than trading like an etf which uh trades spot - and this is another uh gbtc complains that hey like this is one of the reasons we should have an etf. So you can stop this kind of nonsense where uh, essentially you do have these sorts of discounts uh, but anyway uh, okay, so hmm all right! So let's see here all right, so we're going to take a peek at that. I'm going to write this down all right, so gbtc, oh, no, all right! Fine! Then i left my pencil of course, as i get my mechanical pencil refilled, i believe it you know for some reason.

I really enjoy writing with a mechanical pencil and a little notepad. It's just it brings me back to i can't say, like kindergarten. It probably has to be like fifth grade where people cared about mechanical pencils versus regular pencils anyway, um all right, dave and buster's uh, okay, probably glitching in the free market. Here i thought it was going to be down.

Oh well, uh we've got mind, medicine, look at that mind medicine in the pre market, down about 10 percent. That's interesting! I'm going to find out what's going on over here at mind medicine, and this is one of kevin, o'leary's favorites, but then again, kevin o'leary is invested in everything and sponsors everything. So i never know when kevin o'leary is going hard on mind medicine. If he's truly going hard in it, i think he says his portfolio is is like 600 positions, that's the the i mean it's you're, more diversified with kevin o'leary than you are in the s.

P. 500.. I mean there's something to be said about that. But uh.

It's interesting, so it probably takes stress away for when you have days like this with mind medicine. It's probably like! Oh okay, so point one percent of my portfolio is down point one percent: oh no! Uh! All right! Let's see here, huh, okay, so we've got uh. Oh embrae air up 11 here uh into the uh open quantum up uh 10.5. Here we go hud 8 mining up almost 6 in the pre-market newegg.

What else is moving here? Uh nike's still up about 4.8 percent. They i read their earnings yesterday, just to kind of get a little bit of a read on uh the supply chain issues i'll probably make a video after the live and just uh pull up the earnings report uh or the uh earnings call at least and we'll Go through that separately, but uh i'll tell you it's it's uh, it's more optimistic than than i thought, but there were some uh some unique aspects to what they were saying: uh, quite quite a couple, interesting things. So so i think you'll enjoy that video. So stay tuned for that uh shift technologies.

Look at this up three percent, but the darn things that, like uh, three dollars and twenty cents, i mean my goodness. This has just been a straight line down here. Uh and there's: there's been no sign of a floor. You've had these these this occasional little or you had this occasional little pause on december, 8th where you had like a fractionally green day.

It was up. You were up one percent, but then otherwise it's just been straight down. Somebody writes hey kevin. I hope you aren't still waiting for a dip on luna new all-time high today.

You know, i think it's funny when people say that and they don't realize that i already own luna uh. I bought that during uh during last week's dip, but you know what it's just a telltale sign that you're not a course member and you don't know which is my reminder to remind you to use that coupon code and get lifetime access linked down below uh before Uh before christmas, before the end of christmas day, which it's honestly remarkable that um, i can't believe that 2021's christmas is essentially upon us uh, it's it's the 21st already i mean how many days to christmas is that 22. 23. 24.

25.. I don't know i had to count that on my fingers. I don't know it's four days: uh! It's wild! Well, yeah, um, okay, good, so um, some moderate green here you know etsy back to 225 shopify! Stop! Let's see how snapchat affirms back over a hundred uh. You know i i mean - hopefully we just get a a rocket ship right at the close that that's what we want to see just a rocket ship uh snapchat has actually been continuing, it's red for the last few days.

This is in comparison to roku uh, which has uh been doing better on a recovery here, tesla up a couple percent um. So let's see here, okay, all right! So let's take a look at some of the headlines. Let's see, bloomberger biden sends 500 million free tests to omicron to aid biden, two cent 500 million free tests to aid omicron shortage; well, hopefully they're the good kind, because fauci was just complaining about a bunch of uh omicron tests, uh specific type of uh at-home tests, Not being uh, basically not working to detect omicron, which is quite wild, somebody here is suggesting rivien bounced off. Would you say 89? Let me see here.

Let me take a look at what you're saying yeah 89 three times really. I think we must be talking about. Like a five minute chart, then, on yesterday huh it's tough when it just happens on one day: 89 yeah, mostly yesterday it seems like but yeah yeah i mean hey uh, it's it's the! Let's put it this way. Rivian right now is the cheapest.

It's ever been uh is it? Is it early enough to buy? I have my skepticisms. The reason i have my skepticisms is because we don't have those delivery that, like the the official uh like solid delivery, uh figures, you know we had our our first quarter ending september 30th, where it's like. Okay, we delivered. You know what it was like: 350 units, mostly to our employees and uh and and 11 to customers.

I think when they get like a full first quarter and the market starts realizing. Oh we're gon na we're gon na miss more broadly. That might be where we start getting some pain or when they have to raise money, which i expect at some point they're going to have to raise money in 2022, but the stock could run before that. So, anyway, all right, where's, the bell, take a look at the opening bell on this tuesday and the cnbc real-time exchange of the big board.

It's data analytics software company snowflake with uh snowflake, the bear uh ushering on the first day of winter on this december 21st. At the nasdaq, it's the american red cross, bringing awareness of their agency, you got ta, it should be a bull, it should be snowflake the bull. We don't want a bear ringing. The bell: what is this this? Is this crap, whose idea was that that's stupid? We don't want, bears uh anyway, uh spy seems to be having a little bit of uh of a green uh uptick.

Here, let's see here and uh, we've got talent here, a little bit of green candle. Stick tesla trying to stand out kind of a little red here, trying to see if we're gon na get, and i i think, a lot of market participants are we're trying to figure out what direction this market's going to go. A firm just sold off a little bit going into the open tesla it's too early to tell arc is green yeah arc's going green, even though arc also sold off going into the open. We have, let's see here: oh wow, look at nike's run holy moly hold on.

This is purple and nike's right here come on there we go uh nike up 7.6, even on low growth. It doesn't surprise me that uh that they're taking off. I think it's really because they have margins, they have the m word. Everyone wants the m word right now in stocks high profit uh anyway, we'll talk about nike later so uh x, ping, nice recovery.

Look at that 6.4! Oh did i do some reading on chinese uh or uh the chinese yesterday, it's gon na, be i'm gon na make a video on that too. So stay tuned to that later. Today, uh, i don't think i'm ever gon na get invited to china. Oh well! Oh yeah, i wanted to find out what happened to mine medicine, but i haven't done that yet.

So it's only down five percent right now. Volatility is down about three to four percent excel. So we got some red popping up over here. Amc teledoc uh gamestop a little bit of red popping up over here and if we go a little bit deeper here, quantum sci this is up 19 percent.

This was running over here: embryo 11 purple 9 10 ish percent nike, almost nine percent uh hud, eight six percent, so a little bit of a run over here sun run, looks like we're bouncing off of uh some ugly lows here. Let me see how how low we ended up getting yeah yep. Look at that our first little bounce here at sunrun, going to 32 right now, you're paying! Oh, my gosh folks! Listen to this! You are paying july of 2020 prices for sunrun, ish uh could even be a little. It could even be june prices, that's wild wow! Oh my gosh sunrun sold down um, not to say it can't go lower.

If we get another red day which the the pattern that we've seen here lately is you go green, you get a little bit of a recovery and for some reason you fall right back to those uh to those lows or or even slightly lower. Now jp morgan had a little bit of a thesis here or we're gon na pull that up. So, let's see here, jpmorgan was was mostly bullish, but uh, let's see if i could find it is it here jp, jp, jpgp, yeah, i'm 90 sure it's right here. Come on, okay, maybe not all right, whatever i'll find it uh they uh from what i remember.

They were mostly excited about being long, equities and uh that they thought, though, that there was definitely a risk. We were going to continue to see any kind of smaller rallies bounce up with a limited conviction, despite them being bullish, so sort of a little bit of a warning that we could get these uh convictionless rallies was was the line and uh that that these little Green cycles could uh could end up being just frequent dead cat bounces, where you get these green days after uh after red and uh. It feels like. Oh that's it well.

If purple mattresses is up 12, then then we must be going to the moon and uh. Really it ends up just being a uh, a fake out. We end up going a little lower, so uh, and this is despite the fact that there seemed to be longer term bullishness uh, amongst actually a lot of institutions and funds. I think folks are just cautiously hedging themselves now with their estimates as well, though so, who knows all right, let's log in here figure out, what's going on with mind medicine uh somebody donates ten dollars here to say i have 27k and i want to yolo in The short term, any suggestions, oh and i bought your course and made my money back and then some, oh, that's, amazing.

Well, hopefully we can make that and then some pretty nice and large yeah um um. You know i still like the idea of doing uh. Of of betting on uh on some more hot eight calls shorter term calls. I think it's it's wild, because hud is already somewhat leveraged when it comes to um its reaction to uh bitcoin price movements in other, and what i mean by that is: it's: not debt.

Leveraged i mean like it seems like bitcoin moves. Three percent hud eight seems to move four and a half percent, something to that effect. Uh there might be a play. I i i'd make i'm a little bullish, a little more bullish on on crypto, then uh uh.

Certainly then, you know a couple months ago: uh when we kind of i don't know if it was a couple months ago, maybe more like a month to six weeks ago and um yeah. I don't know, that's probably where i'd be speculating right now. If i just wanted full speculation, not financial advice, of course, anyway uh we looks like for for mind medicine. I don't see any kind of reason for this hold on.

Oh no, maybe i'm under the wrong ticker symbol here hold on mind medicine. Let's find out. Oh yep, okay, wrong, ticker, mind, medicine, okay, mind, medicine, fda issues, clinical hold on initial submission related to uh phase 2b trial of lsd, so ind application put on hold. Well, i mean we saw a bunch of holes on the uh.

The vaccine trials as well. So see - and this is where i just i don't - invest in bio, because i understand that i don't understand. I would like to know more. The new ceo says we remain highly confident in the therapeutic potential of lsd uh in a new treatment paradigm, they're working closely with the fda to satisfy all outstanding concerns as rapidly as possible, all right.

Well, that sounds a little more concerning because uh i mean who knows it's already oversold so much but um, you know sometimes, with these with these trials, you you just get yeah one person that ends up having an issue. They didn't provide us any details here. It sounds like the fda. Just has a whole host of of concerns.

It's not so ideal, but anyway yeah hot eight, that's probably where i'd be playing on short term spec uh, hey! Look at this rivien's trying to head back over a hundred you're getting this. This rally actually seems to be expanding a little bit uh. You know when matterport, oh yeah, look at that. Look at that recovery here on matterport, yeah, yep you're.

Definitely getting a strong recovery here makes me happy. I basically blew all my money um, including uh, including some margin. I probably shouldn't have blown, but i did it because that's what i do when i buy the dip. It's sometimes i feel like the relationship with stocks is unhealthy, but i love it.

My love grows. The more red uh okay, i'm gon, na walk away from that one. So uh targets flat. Let's see what what leftover opportunities there are.

In the event, this is not a dead cat bounce, so google pretty soft on the day here, relatively flat, uh you're not really getting an exceptional deal. I feel like uh, google's been at 28 regularly. I i don't know that it's exceptional, but i also think that google has that potential of uh doing very well in in the advertising moves next year. So i, like google, i can't poop on google uh nike's hanging out at that eight percent.

It's not trying to i'm not trying to take off from there matterport 7.7 hippo insurance is up seven percent at two dollars and eighty cents. Ouch sun run up five percent after this crazy sell-off that we've had uh newegg five percent. What else is moving here? Neo is coming up a little bit good for them. Uh smile direct 4.3.

All the smaller risk-on plays coming back a little bit right now, where's tesla, let's see a firm, can barely keep on to a hundred. It's not so ideal yeah. I i'm shocked how people are actually really concerned about this consumer financial protection bureau letter garbage see here: okay, tesla's up about 2.2, reiterating about that that 900-ish floor cloud flare back to about 135., still, obviously a lot lower than what we've seen here. Recently uh lucid.

It's funny yesterday and i had no idea we didn't even futures yet uh yesterday, my dad's like his is he calls it. Lucy he's like kevin is, is lucy going to go back up uh? This is i told him that, and i have him on video too. Simply gon na post that video, but it was like it was like 60 dollars and he's like kevin. I bought lucy.

I go sell it. He goes. What do you mean? I'm up, i'm up all this money and i'm like i'm shorting it i'm just like. Okay.

Okay, anyway, he held it. So now he's like kevin is lucy going to go back up and i'm like i don't know it seems to have a hard time going under like 37 and uh like okay, so so we're going to the moon. I don't know about that, but i still think there's gon na be a dramatic miss on uh lucy, but we'll we'll keep an eye on lucy uh. So anyway, uh x-ping eight point two percent bit of a pullback review.

Even on nike yeah nike's been a little uneven here, carnival cruise lines whoa almost over 20 dollars. Look at that u-turn there on carnival. I wonder if this is just like a day delayed on on potentially uh uh. You know the inflection in south africa of cases.

Well, you have to be a little careful with south africa, but anyway, uh check this out there star wars, uh, land or world or whatever it is this place is fun. I i really enjoy this place, something about the change in the top matters. You can. You know i'm not suggesting good or bad, i'm not suggesting.

Oh in comes bob and out goes michael, but it's you know it has a it's such a great set. I love it anyway, uh. It looks a lot later in the day, so it's probably pre-recorded but whatever uh all right. So what else do we have here? Uh lemonade, lemonade lemonade, so lemonade's done nice bounce off of 40, but look also rotating down a little bit here.

End phase uh. Also, a little bit of this rotation right here about 6 40 a.m started turning a little bit red again see if the spy is feeling that yeah, it is see. Look at that spy was having a little bit of euphoria and, and here comes that red again, you know it's it's these uh, these red sticks just can't can't go away. Uh yeah uh shift technology and basically all of the small companies are getting beat.

Uh. Small and micro caps are just getting destroyed. Uh. I don't think, there's a particular reason, but um it could be higher it's easier to short them.

That's probably what's happening, so people are dumping, the shares that they have in them and then shorting them as a hedge for the market and one of the reasons for that is uh. In my opinion, and - and we talked - i - i've still got to make my video on this. It's my cat and mouse video stay tuned for my cat and mouse video. It's gon na make it yesterday, but didn't make it uh.

One of the reason is actually low. Retail movement, in my opinion, in a lot of these particular stocks, making them very safe for institutions to shore as a hedge shift technologies. Let's take a quick peek here: shift technology having uh more retail activity here as the dip continues, but nowhere near enough to actually make anything happen here and ironically, it's so interesting. The the retail cohort and the spy keeps falling here.

The retail cohort did most of its buying on shift right on. It looks here like dis, um, oh gosh. They don't make this easy november large spike. When we had our fall at the beginning of november, like november 10th ish right around there, and then the retail has somewhat stopped buying.

So that puts us yeah look at this see this right here. When you first started getting your pain, you went from 7 40 and you first started falling. You first started having these seven percent down days, uh three to seven percent down days. This is when retail bought like crazy.

In fact, you see that volume spike right here. That's probably the twelfth it is, it is now it's actually highlighting, because the day before is the eleventh there that uh yep uh, which i know that 11 comes before 12, but sometimes there's like a weekend in between you're, not trading but yeah um. This was retail right here, this this candlestick, which is really interesting, because the retail buying has actually subsided a lot as it's gotten cheaper. So it's kind of like when we had the first dip on shift retail was like.

Oh my gosh. I got ta. I got ta have, i got ta have some of the dip and then when the dip kept dipping, you know uh people, people start stop, but we'll kind of stop buying. As much now, we haven't turned into negative net or net sellers on shift in terms of retail, but uh you've definitely had a relaxation uh corsair gaming, i think, was relatively similar to that uh, but most of the dip buying on corsair gaming happened.

I wish this stupid chart was better here. We go october 15th. Take a look at this folks, it's literally like retail, took in the first dip and just blew its entire load. Okay, so there it is there.

It is look at that. The high retail bar right here this was a day that retail bought uh the the highest amount that we've seen in the last six months and uh after this dip right here. Retail really didn't touch the stock again until the last week in november yep right here on this dip. This is where retail's been buying again it's kind of interesting.

I i really like this data set that i have here uh it's expensive, but it's kind of interesting that retail has been creating this floor, that retail first bought right here and now it's creating a floor over here kevin the chart you're showing clearly a test through The moving average and they failed to push through the chart um. Well, maybe i don't know if it's that clear yeah, you know i mean the 200 on on some of these that have recently ipo'd is, is, in my opinion, basically worthless. Uh i mean uh, the 20 is too magnetic when the broader market's selling off. I honestly don't i i don't know if i agree that i could call this.

I mean maybe tell me which moving average you're talking about, but i don't know about that. I think this is more: it's not individual companies. It's just literally everything everything, that's small, uh and and retail can't squeeze is, is what's getting uh sold off. That comment would shift oh okay.

Maybe it was yeah, i mean so yeah i mean this is just straight down. I mean this is almost worse than hood and that's saying something look at that: hood's only up half percent today. What is this? What is this a dog stock? It does nothing, it's like you prod it with a stick and nothing happens whatever uh, but anyway, there is that uh that divergence. So we talked about uh some some strategies related to that yesterday in the course member life, but what anyway uh, okay, so spy yeah look at this we're still trying to it's almost like we're magnetically rotating down here very interesting.

Let's see if btc is having the same issue, how do i distinguish retail trades from large buys or large traders simply buying in small increments uh by paying a company like four thousand dollars a month? To give me the answer, how's that uh i ca. I can't look at the little cam the little sticks on weeble and get the answer uh. It's not the right data set, so uh, okay, five minutes! Look at that! Now we're pretty snah. I don't know if we're just getting like a little bit of pain within the last five six minutes here, but btc is trying to rotate down as well a little bit.

It goes up nine percent, so you're still getting this nice push on smallers hippo matterport, still trying to push x ping, eight percent embraer fourteen 14 uh hud 8 5.8 carnival 5.6, almost over 20 on carnival, let's go uh. The thing was just that. Like 1730, a couple days ago, uh neo's almost over 30 again, so it's not even the bloomberg terminal uh the the retail flow data. It's not even that it's a separate service you have to pay for which is nutty big whales control the market you'd be surprised.

How how afraid the whales are of retail? Did you know? I love the start of sentences with? Did you know, did you know only 20 of stocks are above their 50-day moving average. I believe you uh anyway, okay, so um, i'm seeing a look at this folks. Look at those sparklines, it's nasty, uh, xl fleets, getting smoked here down six point: seven percent, pfizer and modern are both down about five percent, which is not a surprise to me, because i think people are somewhat frustrated in in in the vaccines i mean like. What's the point he's still gon na get it i get it prevent severe disease, make sure you have a stronger uh, a t cell uh response.

Try to increase your your potential, shorter term. Antibody response. Don't don't get me wrong, like i'm still pro, but like it's frustrating, you know it's like. Ah vaccines were supposed to be the beginning of the end.

It was just kind of like the vaccines were just like the beginning of the beginning. Although you say that, then you start turning into conspiracy, theorists and - and i i'm not but uh anyway. Okay adobe is having a red day. One point: uh 1.13 now adobe's been on this downtrend adobe hasn't found its floor.

Yet i think it's interesting on a mostly green day that adobe's still looking for its floor. I, like adobe, a lot and they're. They just launched a bunch of new services as well, that that are more uh, consumer friendly it and i'll tell you. There was one thing that blew my mind yesterday, uh, and maybe i could share it with you here, but uh.

Let's see here if i can quickly get this here, pick this uh more objects: oh yeah, yeah, they're, making this a lot more stupid proof see yesterday. Here i'll show you yesterday i posted a picture of me wearing the uh. The tesla belt buckle, uh, which, which i really think is awesome. I got ta go, i got ta go, you know what i decided is.

I need to take pictures riding a horse with a cowboy hat in this tesla belt buckle and then run for governor in california just kidding it's not going to work, but anyway, i thought this was really cool. This was the the picture, but they had really neat things where you could kind of just uh. Do these cutouts, like it did that automatically, because it had this whole background here and all i had to do was like select the different object and - and you could just push a little button here and you could like select the belt buckle or or some text On the wall, or whatever i don't know, i thought they did a really incredible job, making this whole system a lot simpler and quicker and easier to to use and select elements. Adobe's, impressive software and more and more i've just blown away with with how good they're getting with with some of their software, but anyway uh yeah, okay, so, okay, someone here is saying everyone is sleeping on the 420 j-pal trillion print yeah.

I i don't know about that, come to california and see how government works with 420 and uh you'll become less enthused government's freaking moronic man, okay, modernist continuing its sell-off down 6.2 percent 5.3 on pfizer, crowdstrike zoom teledoc in vitae, all rotating down and seeing a firm Has now rotated down 1.3 percent uh roblox is down it's another arc pick arc g. Let's take a look here. Arc g e appears to be rotating down yeah, it's down 0.05 percent. Now our k is up point two nine, but looking at fall.

Folks, everything's dead cap bouncing here, look at etsy, etsy opened up at 225 and it's rotating right back down uh. This is ridiculous. Let's try um, i don't know some of the the mega caps after spy spy is rotating down. Let's go tesla apple, microsoft.

Tesla is down from its up 2 percent. It's down to just up 0.93, then you've got msft at 0.85, a little bit more stable at microsoft, apple's straight down. This is this is interesting because it's what we talked about - uh, jp, morgan and bloomberg, talking about which was quote convictionless rallies - that is these, these weird little rallies, but really lacking conviction. Most things this morning were green.

Now the sparklines are showing pretty much everything rotating down. How is rite aid up 15 percent uh? They must have earnings. I mean, that's, that's a pretty big candlestick here. Let me see all right.

Oops all right come on. Apparently i can't type today all right here. We go okay, so oh yeah, okay, here we go, let's see what they reported. Okay, so this was reported this morning.

Rite aid at uh, eps, adjusted eps for contin, con ops, continued operations; okay, whatever uh q3 adjusted eps of kant, op came in at 15 cents. The estimate was a loss of 10 cents per share, so that's obviously a substantial b uh their forecast is 7.1 to 7.2 billion dollars. I believe that's a beat as well. Uh sales came in at 6.23 billion, which was a meet.

This is such a messy report. Somebody was was still asleep when they wrote this rite aid announced the store closure plan to cut costs and their adjusted ebitda came in at 500 to 520, mil they uh expected 460 to 500. So that's great! Oh they did. They did well sort of going through.

All this a little bit more, it seems like they did well. Uh upbeat forecast, supply chain issues shrinking all right. Fine, good job! Writing, hmm jimmy says these rallies. Look a lot like ai algorithms is that redundant, maybe not because algorithms are really just math and ai is artificial intelligence, which is more like neural nets, so maybe that's not redundant, but anyway coordinated stock market wide yeah.

Somebody else here says low volume this week. A lot of traders off and a ton of manipulation - i don't disagree, hmm getting a movement here, though, in a rotation in upstart, voyager hippo. We don't know if it'll last planet 13 is actually up solar edge coming back uh solar edge. I want to look to see how relatively low they've gone xsping by the way you could really you're really paying october prices for xbang.

So not like an exceptional deal here. S edge, though solar edge, an end phase, competitor yeah you're, also paying about october prices here. So uh, okay carnival cruise lines 6.26 now up uh, just over 20. Look at that pain, though at upstart folks it almost it almost made it all the way back down to my support lines at 120., it's sitting at 139 right now.

It made it all the way down to 128 at one point and it's finally having a six percent green day after i mean losing like 70 percent microns, still doing nice, matterport spirit american recovery stocks moving today, i don't know you can't trust this market. This market's. Just so funky look at that roku down almost two percent on what tattooed chefs down uh a firm down, owlette gamestop monday fiverr, all these guys down about one to one and a half percent roblox uh 98, still personally waiting for that one to burn a little Bit more there's lucid still sitting above 37, but also turning slightly red here. Etsy just turned red by about a quarter of a percent, so did google and amazon it's just a bizarre market.

That's that's all you could say uh. Let's look at spy and some volume on the spy uh. Let's see here all right, so spy's up point: okay, spies! You turning a little bit of a green u-turn here on the spy, not that we necessarily want to rely on the one minute, but a little bit of a u-turn here, what a messy day! That's all i'm going to say: let's go to the indices and then look at yields. Dow's still up 0.88 s p at 0.62, nasdaq 0.61 vix is only down two and a half percent, not a substantial amount.

Uh. You did have a move here on the 10-year. Tenure just ran to 1.47 on a little bit of enthusiasm brent still at 73. Let's look at a two-year here, two-year two-year up today as well 0.658.

So it seems like, as recovery stocks are green bond yields are up a little bit, maybe a little bit of movement from some bonds to uh to stocks on some somewhat of a recovery, but it's not broad-based, and it's certainly not one that instills. I think a lot of confidence, although we are it seems like a lot of the things that we're falling, are kind of hitting a little bit of a bottom. Intraday see, look at that we're seeing that u-turn as of 6 58 wow, it's already 703 costco, no costco still falling adobe yeah adobe can't get it straight either. Let's see tesla uh tesla's only up a third now just really giving it up all right.

What do we got here on bloomberg democrats struggle to satisfy joe manchin's wish list tesla sends s p crowd on a wild ride of surges and crashes. Oh, i like how they blame tesla. I mean they might be right. Uh crypto funds explode.

Let's see what else modernize third dose, that's yesterday's news! Yeah, that's no fun all right! I'm a wall street journal stocks rise, recouping some losses. All right, big deal. Airlines prepare busy travel week amid omicron surge battery storage soars on u.s electric grid, see now. That is great, especially for companies like tesla that do like the mega packs and things like that.

You know they just did one uh in oxnard, which i i was shocked, how close uh we're gon na see a mega pack yeah here, uh tesla on one of their packs. Uh several have caught fires. They say, though, well i mean things catch fire when they're new uh not trying to make excuses for tesla, but where was it uh tesla had this we go to a private browser here, really quick, tesla uh. If you just go to uh, let's see mega pack here we go look at that tesla mega pack in oxnard, california proposed gas, peaker plant, blah blah blah their protests, blah blah blah.

And then what do you have boom? Look at that 400 megawatt system, 142 tesla mega packs, it's kind of cool i'm trying to find out where it is, then, maybe maybe we got to go walk by it anyway, not that that actually matters i mean, i think i've probably seen more here than i Would actually going there, but anyway, it's like a tourist destination, so uh nvidia still still softening the soft painful market hard to keep things up in this market. No fun! Well, embraer's got that nice 14 percent, though, and matterport coming back with almost seven percent, but otherwise reiterating what we what we talked about this morning, convictionless, let's see here day chart i mean we still. It still seems. I know somebody mentioned low volume, but we still have elevated volume.

Based on what i can see on the sticks. Here i mean elevated volume on nvidia the spy um. So i i don't know where this low volume is. If anything, it feels like higher volume.

Yeah everything i look at mastercard, visa square call, lee square's gone gone way down low all right. Let's see, okay mata for him, yeah matterport metaports is spiking a little bit again. That's true, and so is carnival carnival's still running good little recovery move here, we'll see how long that lasts. I'm still personally looking at uh at hut for some spec bets if we want to bet on btc running, but so far we've been relatively stuck in the mud in terms of uh, shorter term place.

Look at that shift shifts up about 4.85, not much, but it's consistent. Here i mean here's a stock that has pretty pretty low uh volume. I mean you're, talking 90 000, a minute or so of dollar volume. You know one person comes in with 100k and you double the minute volume right now: palutear 1832, all right! How low will a firm go? Who knows, but it seems to bounce off 92 a lot so yeah, maybe not a lot, but we did.

We did nearly touch it here. Twice. 9208 uh we've got my line drawn here. We had 90 240.

96.44. It doesn't, it seems like we are respecting the ta on on a firm nice recovery. Though, look at all these uh sparklines check, marking it's like the reverse. Nike swoosh over here zoom, coming back up after selling down uh into the day, just starting to get a little bit of a u-turn.

Mind man has virtually fully recovered. Is that true yeah i mean they were down in pre-market somewhere around 10 percent and as the market opened, they were only down point uh, uh about half or five percent. Oh yeah, look at that. It has almost fully recovered you're right.

That is also incredible. Very weird market, that's all i can say and along with bloomberg, convictionless rally. I agree, i think that's where to leave it. I don't, i think, it's too early to say: we've got a we've, got our inflection point for recoveries.

I know the airlines and and the cruise lines are doing well today, and you know what, if they're gon na they're gon na do their run great but uh for me just it feels a little too early. I still feel like. We've got a little bit of a pain ahead for the army, but that's okay rather buy some of the other ones for longer holds or or wait for a potential deeper discount on some of the recoveries, not saying for sure that will come tesla's almost flat. I mean it's, it's just gone given up it's two percent today, all right, let's see, index yeah spice spice struggling, can't keep it up all right.

Weird market dead cat bounce - maybe maybe that's that's what i'm calling it? Maybe we could still see some more some more red over the next couple days, uh and and and really the to the end of this year. We do not need to have a santa claus rally, so hopefully we get a if we don't get santa claus coming around. Hopefully we get like a new year's rocket or or something but uh. It's all speculating anyway.

Cool. Well, hey tesla, bouncing off 900. Again: go shopping for uh some of your stocks, some of your faves they're they're at lowe's, i'm pretty excited about it, uh the market for 2022., but anyway, uh a lot. A lot of companies at floors are still relatively close, even if they're slightly green.

Some things are relatively close to their recent floors. Now remember the floors, we wrote down a firm 92 ccl, 18 pton, 40 uh. Ccl is obviously up today. Matterport 2122 around that range end: phase 180 cloudflare, 129 beyond meat, 62 to 65., so 514, docusign, 140, lemonade.

40, hood 18.. So it's pretty close. It's the perfect time to add shares all right anyway, see y'all in the next one check out the programs down below building your wealth, use that coupon code before the end of christmas day and then the price goes up, see y'all, bye.