Good morning everybody how's it going how's everybody doing. That's great, that's great, so happy to hear from all of you so happy to hear from you alrighty, so we're going to get started here in just a few second, and i'm also going to run and get a cup of coffee um i mean not gon na Lie i mean mark it's uh slightly confusing at times yesterday i mean you know as much as i'd like to think. I know the moves. Sometimes i mean it does take a second for me to rationalize it and figure it out and have the confidence but um yeah i mean every day's uh every day is a learning curve.

I guess you could say um, so i will run you guys through the market first, that will help you understand. Well, obviously, the market and then they'll probably help you rationalize. Why some of your stocks maybe did what they did yesterday, why they might be doing what they're doing this morning um and we'll we'll go from there yeah, so pretty much um? The one thing that i have done was continue to be along the market. Those two arrows are kind of longs from yesterday.

That's where i would finish being bearish and be long. The market from yesterday granted markets squeezed straight up on this cpi news and what have you so that worked in my favor, you know one could argue, could have easily went the opposite way. So um the outcome is awesome, but that obviously can always be whatever it wants to be, given how markets treat it so before we have the spike. What's the reasoning for adding the dip um so yesterday and i uh i basically did like some yolos in my robinhood account.

That's what i did so um, just an fyi um. So the trade here is pretty much. Let me turn the volume down all right. So when you look at um well, you don't see it right now, but i'll add it to the chart.

So right here is a long term. Oop! Sorry, this level, i'm adding right now is a long term four hour, statistical level right there. Okay! So now we'll go and look at the one minute. Okay, so you can see yesterday, i ended up getting long like here and here which wasn't off that line right.

Part of me kind of felt the market might not get there by the time the market closed. So i added some calls on this dip understanding. We could still swing down to tag and then bounce overnight, so kind of had to go underwater at first based on the idea, i didn't think we'd actually hit in market hours, so anyways market squeezes up overnight on this news and we are back at obviously um. Well, for most, we would be back at previous price action resistance.

You can see previous price actions top stop, stop stops yep yep. For me, we are back at what i would consider to be the daily and the weekly long-term statistical mean. Hence why we stopped here here here rejected, rejected, pulled back to here bounce statistical trend back to statistical weekly. So until we cross through 470, you probably don't see any more long bias movement, maybe even today, so i can't really say i'm crazy about being long.

The market at this high, i think we're going to relax at the open, pull back and then, obviously, if markets want to continue going high and pushing to all-time highs, that is going to be an event that happens later in the day. Um, maybe tomorrow, something like that. I feel as if the markets are just not going to break that high today now. The other reason i don't really care for the markets to break the high today or the previous highs, or whatever we're talking about is because, if i drag this over, you will see spy on the one minute chart is at trading at its plus three near to Plus four, so in the immediate, like minuscule minutes, time frame, you'd be buying at a very exaggerated or overbought price on the market, so in terms of risk to reward risk is just too elevated for me to be considering new long entry position making.

Now. Arguably scalp traders this that and the other could probably do something here there but uh. You know looking for some sort of swing, long break, trending, move on the day. I don't think you're going to get it where we're currently at or where we're going to open.

That for the time being all righty um, so that's pretty much the market. That's the spy um. Now market does break weekly. All that uh ho hum diddly dum.

Where are we gon na go? We are then, looking for the market spy to return pretty much back to all-time highs um, so you might do your all-time high test and on a break of the all-time high. We would currently be targeting up to about 475 30.. Now we do need to talk about the cues, because the cues do play a significant role currently, so another reason why i added long the spy but not the cues was because i felt the uh. The spy is stronger than the q's.

Currently, i feel, like those tech stocks still a little heavy, some might not perform as well as some others. So the queues have been kinda. You know so yeah anyway, sorry um, so the queues have been uh to me a little weaker, maybe not, maybe i'm just seeing it incorrectly for what it really is. But to me they seemed weaker, so i felt more comfortable, adding spy as opposed to cues.

Now the other reason for added long spine when we add along the spy was also because at the same time, the cues were coming into their long term weekly. So what you saw on the spy yesterday down in the dips here was a um. That was a long term four hour level, and if you were looking at the queues, you wouldn't be looking at a four hour, you'd actually be looking at uh, the weekly and the daily, and the four hour was actually the breakdown on the q's. Yesterday.

That see see that's another thing right. If you go look at the spy right, you go back. Tickle me on the spy like that. There's nothing here! You see how there's no trend line here in the middle of the day that leads to this breakdown.

You see that there's no trend line on the spy there. Okay, then you go to cues. Now i could have a trend line there, just because i added a trend line just to look cool, but i didn't there was really a statistical trend line there. So when the qs broke, that trend we're getting extra weakness targeting down to our next level, which is here and if you're looking at the spy but we're looking at the cues, you would just basically be going off of pattern.

Recognition moving average volume sum this that and the other, if you're, looking at the queues. The way i am in relation to the spy you'd see the breaking statistical mean, could add selling pressure to the market, which could give you the confidence to go short spy down here. Bam boom and uh yeah, that's about it. So so that's pretty much uh! There's pretty much that so today um! I don't really remember what are the so.

So here's the news i'll get to some comments here in just uh, just a quick second um and i'll start going to those so u.s equity markets. Feud! That's nothing! Uh! U.S! Cpi month over month, let me move this news over here, because then you could hear me better. Well, that's dumb! No all right! So, let's check this out all right! Uh us a cpi month over month november 0.8 versus 0.7 estimates prior 0.9 uh u.s core cpi month over month from november december. No change uh well five to five uh us cpi year over year.

Six point eight versus six point. Seven prior six point two. So obviously, raising that no surprise u.s, or course uh - cpi 4.9 versus 4.9 estimates, 4.9. Okay.

So what do we got here? Oh and then the house democrats find in a three-year investigation that drug prices are unsustainable, unjustifiable and unfair. I mean i can't argue with that. There's probably lots of truth to that um house democrats find in a three-year investigation that drug prices are unsustainable and just felt unfair. True, probably very true, there is something we should ask.

How much money did it take to investigate for three years and could we have found out those same answers by using a private firm for less money and if so, that should how we should handle those situations going in the future? By doing so, we could also save taxpayers money, but again, that's probably not a discussion they're willing to have but anyways all right, so spy. You guys know the deal through the 470s alrighty. Let me read a couple questions here, not spy through the four settings, but you know nice thief to me. Everyone help my guy, please smash the like button um.

What is the auto deviation? Basically just maps out the deviation, so you don't have to do it manually. So kind of still there's more to come on that just know is roku ready to rip a magoo yet um. How do you get the weekly mean? The weekly means are always there. It's just different way of plotting it um, so yeah i mean roku.

Obviously, yeah could very well be ready for a nice run um that was a dip back to support overnight. So you know basically the same way that i was trading the cues and the spy basically getting long into the dip on that support. Overnight is basically the same trade right. You would have been going long, roku, hoping the market bounced overnight this that and the other in the market did so yes, you're on the up there.

As long as markets stay strong stay on the up, don't roll over don't sell off. You can see long bias movement on stocks today as of right now. As of right now, your max target or your first long target and resistance on roku is 246 56. Today, so this is your current trading range right here from this line to this line.

That's your trade range you're, only breaking out if you're below or above okay, that's your trade range you're in a trading range. Okay, see when you broke it out here, you're into a new one right, so you broke this range and then the new range is from this one to that one, you could not break that range. It fell back down targeting here, break down retest down to here. Holding moving back up, that's the top of this trading range same as you saw here, move up, hesitation hold move to the top break through move up resistance down through hold up, sprints and repeat um easier said than done all right, um, so roku yeah, i mean I i'm seeing it's a good movement so far.

It does have unusual volume today, based on, i believe, let me check so roku does have some unusual volume today as well. We did get that signal um, so yeah, i kind of like that yeah. I think you definitely have at least some sort of long bias move here, given the market right conditions um, but to give you both sides of the field, it would basically be this you're not going to get a trending breakdown move like that, unless you actually sold Through the weekly at 236.20, okay um, so this can be viewed as a dip support long. It can also be your breakdown if the dip doesn't hold and we shift through and the markets retest and stay below.

You can also see markets move up to 246.56, because that is a statistical level to probability right. So, rather than saying support and resistance, it's you're better off saying it's a probability. This is a probability line, probability level so like yesterday, the market would probably touch this. It could probably touch that - maybe not this one, but now that we're here, it's like okay markets could probably touch that today they could probably touch that today.

Could they probably touch 265.94? Probably not, i mean think about how far they would have to go against all that selling from just yesterday. So that's the way your mind works right. What is probably going to happen? We're probably not going to go to 265. That would be very impressive, but we could probably go to 246 because that's not really that far away and it's definitely within the average true range of roku's trading, all right um, that's that's the concept right um, so like uh watch, so like here's another another way Of looking at it, let me bring up my twitter anyways um one.

Second, i got to bring something up, and this is really just you know. So this is me just tossing out ideas and thinking ahead of time of things that we could see so qqq. So 390 650 tomorrow morning or at some point tomorrow right. So that was this line, so that was whatever price i just said: 396.50.

That's that line so remember the line that we broke down the breakdown from yesterday that took us here and then we started to bounce, so i say so 396.50 tomorrow or at some point, which is that line right. So if you're thinking about what i just said, what could probably happen? Right yeah, i mean yeah, that's a probability line, so we could probably touch that tomorrow, it's not too far away. So unless we break down the weekly, we are in a trading range and what will probably happen is it will trade that range and the top of that range for at least at that time was 396.50 or something like that so yeah we could probably go there. So that's why that post, wherever that just went, doesn't matter right? That's why i said so 396.50.

So the way that you would read that is you know the market broke down. We hit support. We came back to retest the breakdown we actually broke above it. So now we've kind of are not on the brake side, we're on the upside, so we broke above and now what are we doing, we're pulling back, probably to retest 396 or whatever that that level we're talking about um, probably to retest, to see okay, we broke Out are we going to hold and maintain and if so, then, maybe we'll push higher on the day right.

So then, if that happens, what would that result in remember? We were talking about the spy pulling back at the open as opposed to going up. So you can see the spy hold on, let's go to the cues, so we go back to the cues and we look at five day 15 minute right and i'm gon na delete uh just some of these trend lines so that you guys know okay, one. Second, god, damn it please get off. My chart already got lee see.

This is the other annoying part. It's like once you draw so many trend lines. You got to move off and it's just you know, you know the deal all right. So when you look at the cues, the closest statistical level was here and here, okay, so you're like well.

Why is it pulling back? It's not hitting resistance right, so you could either go it's pulling back because that was a breakout and we need to retest the breakout or you could go a step further and say the spy is running into resistance, which is why we're pulling back on both indices. But if you look below the spy doesn't have any statistical support, so you're like well where's that pullback going to stop. Now you go to the cues and you go okay. The cues have a statistical pullback support right here, so we would basically use the q's statistical support to also help time the dip support on the spy today, all right, that's a good good class for today, good morning, mr bahati, how you doing brother, it's it's a One year, one year, weekly, yes, we do.

Yes, i have been using twitter recently yeah, so i got some ideas on tesla i was watching. So basically i was watching. Tesla bears today now we're kind of on the bull side um so base here. I'll show you this.

This was from last night somewhere on twitter. Again i always post stuff on twitter because you know why not i mean i have never used it before, but i have been recently so it's. I guess it kind of works and it archives everything. So you can kind of go back and like learn it pretty easily um.

So here's twitter all right, so we got to go to here. So this was 12 hours ago. This is last night tesla below 1995. tesla targets, 968.

tesla through 965 weekly could cause panic. Cell gap fill for now down to 968 areas. So talking about the possibilities of a show, but the reality is 968. That would be like max downside.

First then, we'll debate and see what happens if we were to even get to the 965., all right so you'll see 12 hours ago or whenever uh this price right here. This is a thousand so below a thousand. We target 968. We hit a low of 973..

So that target missed by five dollars a share overnight, so i did not get part of that. I was hoping this move would hold till the open and we basically get you know a 20 point short to start the day and then potentially reverse long. So it goes down there. Uh comes back this morning, basically rejects around the thousands.

So at that point we're still kind of down trending. So i said we'll stick with tesla on the bear side today with the markets until the markets move, bullishly and tesla crosses back up basically over the thousand marks. Now that we've gotten back over the thousand marks you're kind of slightly on more of a bull move to a degree um, so i'll map off pretty much everything that it is you would. You would be watching all right.

So this here i'm going to map off is going to be your four hour statistical mean i will that's all i have to do actually so we'll do that and then we'll switch this puppy to like a five day, one minute and there you have it so Yesterday, uh, and actually, if you watched my morning video yesterday, i talked about maybe watching tesla long for a break to hear if we cross through there was a level like right. I guess i'll put it on the chart. It's right there. It doesn't matter right here right here, so i had talked about tesla potentially long right and it's always given market condition.

That's the other thing too, is like. Whenever you make an analysis, it's always given the market structure and if the market falls the other way, then that's not going to work. So yesterday we talked about tesla breaking the weekly trending up and if we could get to here and cross through, we would have bigger moves on the upside. So, instead of doing that, markets shift down right and we pick the downside trade to the daily and the weekly break the daily the weekly.

And then we basically trend straight down to our next statistical level. Break that one hit the low statistical bounce back up and over bull flag, um, high or low whatever you want to call breakout over 1000. So now your support is 9.99 to a thousand. That would be your dip retest of that breakout targeting up to 1042.

Today, 1040., so basically, your max long for today should be back up to 1040, which would be a retest of this whole breakdown slide from the other day. Now, of course, that would be given market conditions right. We're looking at the market kind of thinking, it might be a little bearish out of the gates, so max long on the day for me would be 10 40. shorts could be.

You know quick re-test down to a thousand uh. Bigger short play would have to be a crack through back through the 1000 maintaining below 1000 and then targeting back to 968 and below 968.. I know that's a lot to take in, but that's you know pretty much. It so all right, so i'm just gon na get uh.

I only really want two here ooh to the market or no that's i got you never mind that makes more sense um, so i'm gon na probably be for a second, maybe like thinking because yeah i was thinking like you know. Obviously, if we clear 470 over the next couple, all right, what do you want to call it next couple days we would uh, you know, potentially see the 475. speaking of no update and trading view. No, there is an update on trading view.

Like i said you guys will know when it's time it's pretty pretty straightforward um. So all right, so just close some of my contracts from overnight there wasn't bad, decent um twitter, having a pretty sharp down day so far you uh amc starting to uh roll down on the day, tesla kind of back towards that 1000 mark. So far the queues are holding up over that that trend level. We were talking about yeah tesla's back under 1000, which i need to add that level again.

Um um, um spy looks like it's kind of rolling a little bit uh. It's still we're still just kind of sitting hanging out right now. Let me pull up this and tesla's moving very good nice little spike back up there. Well also the cues just kind of started popping as well.

This uh so, like i said when the spy gets up to here in the spot i figured it would be kind of choppy a little challenging on the trade side. So would i be watching right now for tesla? Let me get my level back on there. It's not on there right now, one second kind of get it back up, so basically tesla down and below 998 and holding below could signal a move that we actually want. Okay, all right, so this is tesla retesting.

So we came down test once bounce back under amc is getting destroyed. I knew i should have put put something on that one all right, so this is tesla retesting that four hour price break now again, amc is just getting destroyed. Man i had that up too, and i was gon na short below basically 28.90. Just never pulled the trigger, so ford doesn't seem like a ton of people selling off that 998 on tesla.

There twitter is uh. Well, it's arguably gon na pop. I was wondering if we get a rejection short today on that man, oh man, so yeah. Looking at you know what i mean: amc, cracked, pretty hard there i mean reality of situations.

Does that move a lot more? There goes tesla back over the 998. So again, no kind of rejection short there off that level. For the time being also the market is starting to kind of go to the upside all right. So right now markets are more on the up, so your short trades might be a little challenging fyi still kind of watching twitter.

Here, a little bit twitter is holding below 46.29 kind of interesting. Tesla has a really big, buy wick off that 1000 uh price. Now is the way that that kind of sits right now you do have the spy and the q. Well, the spy at least is trading at the intraday plus 3 deviation, which isn't really a spot.

I like to try to go long on things because it just means the market's kind of a little a little too bot. For me all right, so um added some puts on twitter to see if the market gives us a little more of a pullback here and basically, if twitter stays below 46.37. In my opinion, it works. Otherwise, that's going to be kind of a squeeze pop through above 46 37 area, so that could also be a reversal long spot.

But for now market has hesitated to get back over 46.39 and the market's kind of pulling back currently uh. If we really flush out on twitter, we could see like hold on. I mean basically it's about going through the after hours low too. You know once you're through that that would be cool, and then you could probably see down to like maybe 45 33 or something as possible.

Uh qqq's coming back down to kind of retest, maybe their. You know first level of like that bounce support for the day. Uh amc is getting smoked, um qqq's, coming back down, so arguably those are going to be coming close to their support, took a little bit of profit on twitter. Still holding short now got a runner on.

If this can break lows, then maybe we can get a trending move closer to 45. 45. 29. 45 40s, especially if the cues break their support here at 396.20, set whatever i did whatever i'm saying.

If they break there, then you know this puppy could swing all right. You got tesla back below that 1000 mark uh. So this is starting to look kind of shitty for uh tesla, but you know don't want to chase so we'll just kind of keep it still close. Watch there uh max downside.

For me, tesla right now is gon na be 970s uh. Wait. That could be a lie hold on all right. Max downside tesla would be yeah about 970 for right now.

If that even happens, which arguably may or may not happen so yeah still just chilling all right. Twitter has broken that low. So that's cool again! You can take money whenever you want. Just because i say it's going to go to a place doesn't mean it's going to, but you know how that goes, all right, watching tesla down to 971 today.

Now that would be sweet. That would be cool. It really depends on how the market holds up right. So at this point it's like, if yeah i mean you kind of want tesla to maintain below the 998 91 of the day and obviously, if the queues reject here off to 396.28, like they just did swing lower.

That could cause the the move down here on tesla um. The spy is kind of near its opening. Prices takes that out. Shank with my damn.

You know all right twitter's up 21 on that put totally, ah all righty good stuff, champ good stuff. A little guy holy twitter is already up 25 percent. On that very nice berries are nice. Oh that's all out of whack! God come on.

I got time for this. The spy is still kind of pushing down a little bit. You know twitter's got a little green candle, but the spy still kind of looks like straight, so i wouldn't even really be scared of that yet or at all, because the reality situation is you ask yourself: where would you buy the dip if you won't buy the Dip now, then, why would you cover your short right? So where are you going to buy the dip at kids? Where would you want to put your money on the line to buy the old dippy dippy if, wherever that is, is where you want to cover your short all right puts on to puts on twitter coming up at about 20 um? I i'm closing twitter because i'm kind of just done with it and i'm focused on this tesla okay took some profit on tesla there, because you know i can't be a complete jackass today, so took some profit, hopefully just gon na make today an easy day. Take my dad out to lunch and go hit golf balls for his birthday, so that would be the objective all right, kids, so yeah, you know 971s.

That would be like the max downside of this current move, we're seeing! Yes, you can have candles come up. Yes, you're not going to always get just a straight move down to your target. If you think that then you're in for a whirlwind trading, so uh yeah. Let me do something else.

I should have these on my chart, but i don't right now, but let's do that. Oh i got ta go get my coffee. I totally forgot, got ta get my coffee. Kids got ta, get my cubby you're getting a little bounce on the market.

So obviously things are, you know, maybe tickling you to the upside right now, but no big deal no big tickle. You know no big tickle me sideways all righty twitter, continuing down, alrighty sweet! So again, you know the deal right now max target downside that move four. Five: thirty: if the markets completely get smoked today, then of course we're gon na go further than that guys and it's gon na be great. But let me also check something else here, but i'm gon na go get that coffee in a second all right.

So we did kind of come down. Is this where we're at right now yeah so we're basically on, like the show level for a lot of people. This is where a lot of people bought the dip on tesla. So if this gives, i think we just smack to the 970s, so i can't go get that coffee just yet, not yet.

Kids, all righty and tesla garnering, uh, uh uh, oh okay! I see you just want to get a little tickle in there all right, whatever i don't even care. If it goes down. I already made great money today, so i'm gon na go uh, i'm gon na go get that coffee i'll be back back. I am back kids, we are back, we are all right, so this is uh, so you can see clearly the tesla did not go down to 972..

This price right here 983 is kind of the demand candle shift point from like i don't even know when that was like the well. It clearly was not found on that time frame. I don't know what i was looking at then there it is so you can just kind of see like that is where we had the shift. So there's a lot of demand, pent up to kind of get in there right and that's exactly what you tagged right.

There so um could very well just be a short-term bounce before giving giving it up. You know, and then targeting back down to here so would not be surprised if that was the case. Um so might give this a little more time. You know um, i i am not bullish tesla unless it cleared the thought.

The 998 level remember. We talked about that. That was the breakdown right, so unless we actually clear this again on the upside and start to maintain above, i can't really suggest anything other than scout plays on the bull side, because i don't think you kickstart into a trending move: okay, um! So there's that and the cues just came back up to re-test their look at so the cues bounce back re-test their breakdown here. Okay, so in this situation uh you would need the market to stay below this to keep having bearish moves, probably how's.

Our friend amc. Doing just getting absolutely damn and i knew it too, i'm like oh it's gon na, be such an easy. You know. Sometimes you just never play the ones that you even know are probably gon na.

Be super easy. Let me think about amc, because that could you know, let's see uh tesla's, still just kind of chilling chilling, but again, like we said right, you know and that's another good example right so like if you were long off this bottom right. If you took that long, your max long is that right now you shouldn't be going any higher than 998 68 or not that you shouldn't go any higher. You shouldn't be trying to go any higher you.

You should not be trying to go any higher if it goes higher than awesome, but you are not the one that's supposed to be trying to make it go higher. You just want it to end up happening all right, the cues so far holding below they're not breaking back up and above you can see that right there so far, um so still waiting, still tinkering um. All right added, back tesla puts looking for the market to roll back down, retest the low, take out the low and then snag 970s. That would be sweet if it doesn't happen, it's not my fault.

I don't control the market. Oh so hot holy! Not what you want to do, kids, not what you want to do. So if the queues take out this low a day area - which they arguably may not do here, but if they do then tesla is going to bag 970. already up 34 could take profit right now.

If i want, but again there is a trade plan. Sorry sorry 42 come on. Take out that low kid come on. You can do it.

You can do it. You know you can do it. You've always wanted to do it since yesterday you wanted to do it come on just do it just go to 970. So i can just be done with this day, there's a little dippy dippy getting held off that little demand zone.

There uh come on cues there. It goes baby come on gears, come on, kids come on guys, so close baby. So close all right. The cues are kind of retesting one of their levels, so it's like kind of at this do or die moment for a minute here, amc bouncing back to maybe re-test, it's uh, it's break down level.

Arguably, could re result in another good short entry. All right took some profit there in tesla, it's kind of double bottoming, so in case something dumb happens not going to give back that trade so got about 30 percent out of that guy, on the downside, um still the same thing really applies in this situation. I don't like the way that we double bottomed and held for now, um, which i mean it doesn't matter. It's probably still it's still in the downtrend right um.

I only took one contract on that play. So if i only take one contract, then that's a situation where i don't try to bag a whole trade. If i had like three or four, i probably would have covered three left one, but that was a trade where i only entered one. So you don't have the flexibility of trying to be an internet warrior bagging out big trades like that, so still the same rules apply tesla through that 970 target, etc, etc.

All right, uh, amc, uh, probably just gon na end up going back up to like 28.86. Here, in about three seconds, when that happens, don't be surprised, there's 2850, so we're 30 cents off, give it about 30 cents. Some kids, probably gon na, try to buy some breakout and you get stuffed, and there is 28.63, oh 28.71. Actually so that is five cents off that target, and what do you know starting to get sold and do all righty um, so yeah again guys still same rules apply you're, not really long long bias other than scalp dips up on tesla trending moves can only exist Through the price of 9.99 holding in moving back up for now, otherwise we're still going to keep following this trend down see if this puppy gets bagged all the way to 970s even on 9604.

Sorry, let me read a couple comments here: check abct. Is there a way to contact support dream for brt trading course uh run station? I mean yeah kinda hold on one. Second sorry, uh got ta use. My i got ta use my little peanut brain here.

My little paint up brian just keep that puppy ready to go locked and loaded um, so i mean yeah i mean you. Can you can contact me on discord? You can contact our customer service at boilerroomtrading.com email for questions about that are questions about the course um yeah either either one works for sure. Let me pull up abct on a separate chart. Oh look at the rejection on amc, i'm a sally because i didn't take it remember.

I was telling you what an idiot. Why didn't i take that? That was dumb um. You know there's a moment in your life where you just got ta say i'm an idiot and that's one of them, so i'm just going to toss on a little a little guy. It's it's a small chase entry, but very small size on amc.

Um should have really entered off the 2875 retest um, but you know sometimes you got to suck so i sucked tesla still just chillin challenge. Yeah, we'll see how that amc does. It might have been a bad trade there i mean the market depends on what the market does to you. It's been dipping and just kind of bouncing all around, but not doing a whole lot again, tesla's still just kind of sitting there.

Basically just above that, like little spot, we marked off from a while ago. You know um again, you know the deal cracking through that 985 loads gon na swindle magoo right into the 971 city. Ah, that's better! Now you got a little downtrend kind of clear there on that trend line, causing that tesla pop candle. So could arguably the reverse of a slight trend there, also the market kind of had a green candle for a second we'll see so still in i got that amc short on i mean that's just kind of seems like it's bleeding out a little bit.

It's not a crazy size or anything like that um. So just an fyi and part of me thinks we might see uh amc down at 23.32. Today i know that's. I know it's kind of crazy, but yeah i mean first.

The goal would be to like you know. Well, i want to say first of all, basically the deal is if you're going to go to 2320s, you've got to go to 2566 and knock out. 2566. 2566.

Amc is kind of the same situation here as tesla trying to knock out this 984. So if amc can run down 26 uh to wait, 25 70s take out twenty five seventies. This thing's gon na get absolutely getting smoked. Sorry apes, all right so uh.

Regarding amc, i mean first objective is a to go through the previous low a day, then, after that, your objective is to see the price at 25.75, and then, after that, you want to see it just basically get smoked through 25.75 with extreme selling volume. And if that happens, then we're just going to target 2332 on the day all right, amc's up about 13 since uh the entry again i'm not playing daily. Sometimes i don't play daily, so i don't get as high as a return as some um. You know, depending on you know what you play but yeah, so anyways um! That's that's that right now you can see that the cues are kind of curling a little bit and they're trying to get back up and over the 396.

uh 30. remember. That was the breakdown level, which arguably could have changed. A little bit might need a new update there, okay um so right now with tesla, given how the market's moving, i wouldn't be too short, biased in this moment in time and the max long.

I would still have is still 999.90 right, so we touched on this being an additional breakdown level, so far got held, so markets are shifting out, shorts are getting squeezed and the target on this long move for many was back to this high and then you know On a on a the best case, outcome, in my opinion, in the immediate, would be up to 99 15.. Okay, so, like i said before, qqq's are trying to recover trend right now, which is right now right here, all right, so we are over that. That's good markets are holding dips so far, how's gamestop doing today. Oh my goodness, oh my gosh he's so scared, i'm so worried what not very nice very nice, so yeah same rules still pl same thing for everything i mean you guys know what we're looking at.

We're watching the queues watching the spy watching amc watching tesla, really uh, really not much more to it. Gang abct breaking out abct was a stock. We looked at yesterday mentioning targets of 175s like 180s, or something like that. I do.

I do remember that, so there was a good 50 50 ema rejection on the day. So far um i mean yeah. You can't even really consider that this market's up trending until you get through again that basic the way it works is right. When people look at ema clouds and ema systems, it's like you're, not up trending until you get through the whole cloud system right, so so the way i see it too is like well the cloud system in that case with this, which is like a 500 right.

These 500 emas line up and the like top of it is our 999.45. So it's like yeah, you know if you're looking at cloud systems, your cloud systems are kind of similar to that of this deviation. Currently it's like right yeah. You can't be up trending until you clear, maybe up here, which would also be our statistical deviation.

Um so took a little profit on amc like now, because we're right at the low it's a good trade. I'm going to take some still going to leave a small runner on see if we can get that low taken out. Twitter has a nice kind of bounce going on. I could see that maybe reaching up back to prices of 46.35 yep jason.

I know i didn't get you, but thank you for that and jewel nerd. I know you guys sent that a while ago. I appreciate you guys very much. It's very nice of you, a m mick tickling magoo still going down.

I mean why i mean. Is it possible that the squeeze was or let me just do a little mini lesson already again? I already made some good money, so i'm happy. I got to do a little mini lesson here. You guys remember car now you remember this one.

Okay, this is a short squeeze. It's going to go back to there. Okay, probably i was it's too too cocky, but you know: let's go to 90 days five minute: okay, watch this mother trucker: where are you at where you wait? Wait, wait there. It is okay! Um on this day, it started at 300 on this day 300.

That was a short squeeze look at you broke. The ford deviation weekly chart daily 2 at the time, pulled back and squeezed on the day and then look where that returned to the same day, where you got squeezed short squeezes, always return to where it got closed. So amc we'll look at the chart. Where did the short squeeze begin? Some would argue here i'll argue pretty much here here.

I would say that was the big squeeze as opposed to that one. So this is a big squeeze. The squeeze always returns to where it got closed. Okay, what's your lesson for the day you can't as of right now there is no auto deviation, is not available, but again, like i said, those are probably coming in the future, just a little just a little bit so again, you still have uh the qqqs.

Failing to get back over whatever you want to call that 396 price, you now have sort of that trend down, so arguably uh still tesla that breakdown play still, in effect, amc just getting trashed just absolute trash, but why i mean, but why probably because they had Freaking just blow out earnings in 2020 i mean the greatest earnings i've ever seen. No, of course not all right. It looks like maybe the q is finally trying to get up and through that 396 level, okay, so this is. This is interesting.

Okay, we could be looking at long plays now on retests of that level. Okay, so you could be looking at some dip longs queues off that 396.41. Okay, tesla back to 998.97 here goes 998.97 to the penny. Okay, so you're only going to see a bigger break, move on tesla now upside through 999.99 alrighty, so market pop amc pop all stocks pop.

That's how this goes, but amc really just popped back up into the 50 moving average a bit so arguably could just get sold right back into. Let me take a look at bbig. Sorry, life is butter, squeeze of a squeeze the old bibble. Oh little little b-i-g-act.

You know you're, probably gon na see that doesn't really matter um a little bbi tickle yeah. I can see it. I mean you kind of miss the dip right you can see where we went down to and down to the weekly right in between those two i mean that was so far where the dip got loaded right. So so again, perfect example right see how the market is coming up or gets sold below.

Then it came up it look what it did right. Look what the market just did. It did like a sorry um so far, you're not getting any retest of your breakout. So again that was just a breakout place, so you either had to chase up to catch it and that that's how you got it or you're, just kind of chilling right now, all right um.

So you can see the market's up trending. It does like a cup and handle here. I should get my other drawing tools way better than those those are just uh-huh uh. Oh, what a lame ass move.

I mean no, it's a great move. Actually, i mean it's perfect if you trade, the brake out there but yeah. If you're waiting for a re-test of the breakout, then you're just chilling right now, um you may and sometimes you never get it which sucks, but it's okay, so um yeah. Let me draw on the screen here, so this is the same play.

It's the same thing: right, ready watch, we're gon na look at this in, like a five day, one five day, five minutes, fine, yeah, so kind of same thing, all right, so qqq's open up on the day they sell down, they go below their level. Some people short, you know we did a little short play cover some and then it gets like a cup and handle break over statistical level. Breakout right. So if you come over here to even uh like bbig, not to say bbig's following the market but again bbig down held crosses back through 277 statistical level and up you know so uh interesting move.

Um, honestly, i don't even think i'm gon na trade anymore. For the day i mean i knocked tussle, pretty good in amc, pretty good. I mean it's one of those days where you so far, almost traded, perfect. The only thing you can really do now is screw.

It all up or continue to be perfect, which usually is again, i usually trade best in the mornings. I usually trade best in the mornings right about to 11 ish. So but that's the thing is most of the things that i was watching and planning. For you know those things, some of those moves have already happened.

So at this point it's either developing more game plans for the remainder of the day, um or just uh, oh, by the way, regarding amc, i'll cut that last that last runner um when we clear 29 successfully. So that will go red. It already is a little red um, so my last so again, last little runner amc will be cut over that 29 spot you're doing backflips that the qqq's go to 406.. I mean i got the spy up to 475 right now still got calls at 475 for the market.

That's basically, i'm calling the market up to 475 is what i'm doing um, which arguably will or won't be right or wrong. Yeah, that's what that is when you're buying calls you're buying, puts you're, putting the market down to a certain price and you're calling the market up to a certain price right. So when you're thinking of unusual options, activity like oh somebody in the market knows something right. That's somebody either buying puts, or somebody buying calls to either call the market right.

So when someone's like, oh what a great call right on a whether it be on tesla like today, we say what a great call there's, also people in the market that are calling the market as they see it as they believe it should be, and those ones Are going to be some of your highest profit earners on trades right if you're, the one that can predict it, if you're the one that can predict the future and call the market um you make the most. Essentially, you know in a way so yeah uh, basically calling the spy up to 475. we're calling the market back. We're saying this don't make sense.

We want that puppy up given trend and all that stays good see. Looking at the spy, i mean it's pretty straightforward. You're, you know you don't so here's the other thing right. You know, look at the spy look at where the spy statistical levels at on the day, it's right here right and that's exactly where the market topped okay, now in relation to a bottom.

Now that there is no statistical level that we bottomed off of per se right, this is kind of just a different scenario where you know - and actually i could do more research and probably find it you know, but this is a situation where um you know the Market trended below into moving averages, whatever, whatever but really just wedged up to break over the trend there. So if you were timing, this level on the qs, you could have traded the break up potentially on the spy, because that was at 10 15 right. So if you were like this is the breakout level for the qs, then you would know that once the qs went, spy probably could too, and that was at about 10 15.. So, in order to have properly looked at the spy move here on the upside, i think you would have needed to watch the cues and, if you weren't, then you're just getting lucky if you traded that based off of pattern, recognition in my opinion, um and actually There's probably a way we could have found a bottom here, so the bottom may have come in on the dow jones here.

So since there's no level on the q or no level here now, other people will come and watch the stream. It goes guys a freaking idiot, yes, there's a level look, we have a higher low here. So that's support and yeah. I mean that's totally true.

That does happen. So they're not wrong right, but let's just see if the dow ends up and what do you know there? It is not perfect right but close um and that's just one. Maybe we got another. So there was that so that was yesterday and let's look at a five day, one minute.

Okay, so you can see that on the dow jones there was a reason for the dow jones to put in a bounce at about uh. 10. 10. You know 10.

13. 10. 14. 10.

15, as that came down into the dow jones weekly support snap below a little bit but then popped up, so i would say um but see here's the deal i mean. Let's think about that. I mean when we bought them. That was 1005 955.

So the cues and everything we're trying to bottom well before the dow or yeah well before the dow. So that's probably not not entirely true, but sometimes that does work looking at the dow too, just to get a feel for where that has support on the day. Not that it plays a role in your tech stocks specifically, but you get the point, but you can see right. The dow jones has crept down to the weekly level right kind of bouncing same time period as you're breaking out so all kind of lines.

Up a little bit yeah i mean if amc comes down on the day and basically takes out that big candle at uh 2669, then yeah, i could see it having a you know, maybe having a tough day twitter rolling over pretty harsh hmm, so we're going to Get the twitter 4528 a little later here that would make sense, gamestop still kind of rolling down on the day, oh right below the weekly intestine, very, very interesting, yeah twitter, another good roll over there from that puppy game, stop starting to roll down again. Some! It's rolling down off a weekly level, which is kind of interesting. So so again, if amc takes out that low at 26.66, it's probably gon na get smacked. In my opinion, we'll see again, there was some buys there, but we'll see how it gets, how it reacts.

It's good hold from the dow there you can see. The dow has done an inverse head and shoulders over its support for the day, so ready inverse head. Well, maybe not the most perfect one right there dink, that's an add long push up if you're trading yeah, maybe something dao related there, twitter yeah, look at that move rolling down. Um still looks bearish again if you're short that or playing that i'm not currently playing that again.

45 32 can be a target down tesla back under that 994 level, unable to maintain yeah market's still kind of struggling here. Tesla big move over this could very well lead you straight through that 984 rip you down to 970 ones. Uh looks like amc still managing to kind of hold there uh qqq's back below 396.. So again, that's kind of back below that that breakout level that they kind of broke out earlier so on so forth, yeah yeah yeah, you get the point.

Um twitter's, still rolling down pretty heavy uh looks like game stop. Yeah i mean gamestop is almost through its previous low of day from yesterday. Uh the queues are still rolling, pretty hard see on a day like today. It could be very challenging to trade for many, because, like market goes up, then it goes down.

Then it goes up, then it goes down it's like. Meanwhile, you know you, you could very well be yeah. Doesn't matter you get you get to point they're, trying very hard to keep amc up right now, gamestop, almost trending below the previous loan out market rolled over very strong there on the uh, the spy that is not looking so good. That's a very, very, very ugly drop, not what you want to see, but that doesn't matter because we already know it's good.

So looking at the market yeah, it doesn't matter we're good uh game, stop still trending below its low of day from the previous day. So the owner of is yeah, maybe adam aaron, whoever that guy is with the owner of amc. Ceo sold a bunch of shirts, i mean. Obviously the thing is gon na get smack.

Well, it's gon na continue to probably grind out lower. You know maybe over the next couple months would be no surprise. You know yeah through this level. I think amc could get smacked.

I mean buyers are going to try to hold it here. I think a little, but if they can't, then i would imagine you'll see some weakness on amc game stop still trickling down below its previous low area. Markets are still just kind of hanging out back and forth. Arguably, you know what guys i'm gon na get ready to go.

I'm gon na go grab my dad here in a little bit we're going to get some lunch, go with some golf balls for his birthday, so i will uh i'll catch. You guys back around next week, sometime something like that um. So with that being said, i will uh. I will see you guys, um, probably soon, all right, you guys take care.