Hey everyone welcome back to another market, closing live stream, so market is actually at session highs right now and uh kind of exciting, because uh the market has been pretty nervous on the potential for a shake-up at the fed. We've also had some kind of not great numbers on consumer confidence. This morning, uh of course, following uh, higher inflation readings, more people quitting their jobs, a lot of um a lot of uh sort of noise. I like to say in the market right now, not a lot that i'd say is uh incredibly risky right now, but uh the market's really looking for any excuse to potentially uh show some red uh.

In general, though, we've been buying the dip pretty regularly or the market has been uh. The biggest catalyst so far has been drama over the potential of uh jerome powell getting replaced. We expected that this would be the case. Of course, it doesn't help that uh jerome powell or sorry that elon musk is also very almost slowly selling his shares uh, it's uh, his his share sales have really been almost dragged on, potentially a little longer than uh, potentially necessary and uh.

It's it's sort of left tesla in this uh, weird, weird position of kind of dragging down about three percent uh a day here when elon sells, but you could really see the end to that momentum curve here. This is something that was also expected to happen. We've regularly talked about on the channel here how we get these pretty euphoric rallies, and they were very frequently followed by these these sorts of corrections here now this last one was sort of manufactured i'd like to say because of elon musk's move but uh hey. You know what uh, no matter, what what the rationale is.

Uh, these sorts of momentum movements tend to come to an end. So a lot of folks are taking the opportunity to pick up some more shares. I have a uh covered call on tesla that today i closed, which was very nice because the stock has fallen. So i was able to get rid of my covered call, which it was a twelve hundred dollar covered call, and it was not doing too well when tesla was at twelve hundred dollars uh.

But now, since tesla has fallen so much, i could get rid of that. Uh at uh break, even i think it was even potentially a tiny little bit of profit, but uh point of that is once elon stop selling. There are expectations that potentially tesla could continue a little bit of a run. No guarantees.

Of course, sometimes it's very difficult to get momentum back once it's gone, but it's something i've been keeping an eye on in terms of potentially buying the dip. I will be getting assigned to some tesla shares as well. Since i had a sold put last week and then of course when elon sold, i i'm going to be getting assigned to that. So today i sold some shares that i had some companies that i had a little bit lower conviction in compared to tesla.

So really my barometer was: what do i have more conviction in these new 1000 tesla shares that i'm getting or around 1.2 million dollars of miscellaneous other stocks, and that that was a pretty easy calculus? I would rather have a thousand shares of tesla than some of these miscellaneous other stocks with random uh, smaller positions. I think there were maybe 10 different positions that uh that i would rather not have uh and instead have those thousand shares of tesla. So a little bit of uh, shifting and cleaning up a little bit in the portfolio today, which is great. These are great times to do that, especially when your target companies down a little bit uh and uh.

The big thing is, usually you want to have a target to go to when you're going to sell something you don't usually just want to sell and then all right, i guess uh now i don't know where to go uh and, of course, paying margin off big Priority i'm down to 80k in margin, so it works out to about point two: six percent uh something nice like that, something super nominal, so, basically almost out of margin, which is great and uh. You know if i sell sell a little bit more of just one position, i'll be completely out of margin, which is good because that way, if we do end up getting uh larger fear catalysts and we get some kind of larger dips, then perhaps we'll have an Opportunity to go shopping on larger dips here, especially since things have been relatively euphoric lately and i don't love chasing euphoria, so potential dip or dips rather could come when we start having drama again with congress towards the beginning of december. Remember we have a debt ceiling limit and the budget deficit all were sort of uh can kick down the road to december. Well december is now three weeks away, which is kind of crazy to think uh.

It's shocking. Actually, how close it is so uh excited about december december is a fun month. It's also a month. You should go skiing and spend time with family vacation a little bit but uh boy, oh boy, it's gon na be fun all right.

So let me pin the comment here with the 41 off of the stock dock, for the coupon for the program's link down below perfect got the bloomberg terminal up awesome. Now i don't believe we have any earnings to cover today fridays. No, we don't friday afternoons. Usually you get next to nothing in terms of earnings, but that's okay.

We've got plenty of drama that we've been covering so far, so uh etsy is going wild. It's pretty crazy! So, let's see what we got here. We got ggpi, it's the um this one. This one's had a lot of uh interest, uh lately up 16 voozies up 15 percent, my goodness fousey and i'm not too jazzed about boozy myself, sundial up 29, that's roughly where we sat this morning, although we did dip sort of intraday 8 on airbnb.

Look at that win right here on airbnb, just an absolute crush, really good job yeah! That's incredible! So then we've got etsy! Oh my gosh etsy up 7.46, also very, very incredible. Another large position of mine - i did also close. Some cell puts that i had uh wayfare's up about five percent today, so it did cause some sell, puts got uh expi up about four percent beyond meat, three and a half paypal. Finally, moving a little bit from 208 adobe alphabet, pinterest broader market, pretty much green here i mean really what's really going down here - are things from earnings like weed maps, lords towns, uh lordtown motors and dutch bro, losing a little bit of momentum coming back down about Six percent backed holdings really think that's like a 15 stock voyager digital 477 tesla is down 3.23 percent right there, with lemonade nicola beyond lucid xl fleet bed bath southwest these guys rotating down a little bit.

Okay, let's see here, let's see what we got in terms of headlines, how things have evolved over the last uh what few hours here. So this is the quits. We definitely saw uh the quits four million over four million quits. This is a uh, the highest number that we've seen in 21 years of of uh this survey.

Obviously, we expect a lot of that having to do with the uh coveted mandates. Uh vaccine mandates really pushing folks uh to finally make that decision to quit. Yeah green, going into the weekend no kidding consumer anger about inflation, can make the 1970s re-run real. Now that's an interesting uh article here, because they're probably going to talk about the speculation that well, if people believe inflation is here whether or not it actually will be.

If people believe it's going to be here, then then it could manifest. Let's see here, amer americans are traveling more and skipping their blue apron meal kits yeah. I this is another reason i'm not so excited about the at-home food companies. Right now beyond me, tattooed shaft.

In my opinion, this is not the time to uh to jump on these. Do you think people are tired of eating at home and that's going to take a while to get back to uh to previous trend, hmm and valuation on like beyond, and such some of them are a little crazy. All right, surprisingly, not a terrible amount of news, especially since there just seemed to be some drama today: uh yeah, of course, beyond elon selling shares which he barely sold uh, you know, just under 700 million shares, he's still got probably somewhere around 70 to go to Fulfill his twitter promise, which kind of scary, if you think about it, hmm, oh well, do you have a neighbor who's constantly asked people if they want, oh, if they want their blue apron, that's funny all right upcoming dog food shortages, my goodness! How would you even measure that yeah, it probably is helpful to have a pet that way you can track that market too uh? I did post a little bit of a brief review in the course member group about uh m-y-n-a had uh had a whole order. Ready to go with a big old purchase.

Etsy etsy run is crazy. Here i do wonder what the catalyst for etsy is here. I'm gon na pull up and see what what potentially is up with etsy, okay, so no real reason other than seeing better stability. Okay, i mean here's needham, an analyst that pushed them as uh now showing potential signs of better stability.

Well, good. They have a 265 buy target for it. Well, we're there 271. wow, all right! Hmm, you know the the rotation on shift is very interesting shift was up seven percent this morning and uh shortly after market open, it started rotating down and now we're actually at a record low of 612 or 6.12 cents.

This is a record low for shift. That's kind of kooky crazy, uh kind of sad but uh yeah record low for shift. Despite a triple beat on earnings. It was crazy, yeah i'll.

Let let's see why owlette's moving 12.67 doing well right, individual news, nope uh! No, no news other than the earnings from a couple days ago, so classic classic stock market. No, that's nuts uh cannabis doing well today looks like a riot. Blockchain came back up towards the end of the day, and so the marathon that somewhat indicates that crypto has returned is 64 000 bitcoin. Okay, i mean nowhere near that 69 000 that we just hit but uh a few days ago, but still good mind.

Medicine is one that's i found very interesting. I have not invested in anything in mind, but uh. It's also one that i've been paying attention to so go out to the day chart here and you kind of see a little bit of a bleed down here. So you're in a you're in a pretty nice place under under 2, somewhere around that 2 30., you kind of are bouncing around the floor over here.

Hmm yeah. I think hud aid is running just like the other miners, because uh it was actually bitcoin was down more this morning when the market opened, and so i think, uh the markets are reacting positively to potentially rotating back up, but you never know with the miners. The miners are very interesting and then we have uh rivien 5.19. It's pretty incredible: uh 129, here nice, voozie, 15.24 um gosh they're.

Still talking about the johnson and johnson split on cnbc, it kind of shows uh. It kind of shows a little bit of the uh. The boredom in the news cycle the last couple days - that's all right now. Sometimes no news is good news.

It creates an opportunity for companies to move. Let's see here yeah, i personally don't like voozi. So it's not a company that i'm going to invest in maybe they'll get better. Who knows anyway, test is down about 2.75, lucid to five uh peloton and lemonade.

Also about two five to two seven down affirms down about 1.88, better than what we saw in in some portions of the uh pre-market thanks. I see the call out here on pull star. I know pool star has been a lot of excitement for today, uh so far. Just not, i haven't.

I've had a lot of trouble being very excited about the other, auto manufacturers, just because i i have a concern that the vast majority of them are going to go bankrupt, so i'm not highly enthused to uh deep dive into or to invest deep. Rather, in a lot of the other electric vehicle makers, uh, i think tesla is - is still a phenomenal opportunity, it's kind of crazy to think about yeah uh, all right. So, let's see what we have over here. What are they complaining about? Let's see correct, i mean: do i buy it absolutely j j mike can speak to this.

It's not an expensive stock, given a market multiple where it probably should be, and that consumer products business has been a monster. I think they're probably doing this, because these companies independently can be a bit more nimble, uh running themselves by themselves, as opposed to sort of the j j umbrella. So absolutely especially given the fact that this was 179 stock, i think in mid-august guy i thought you were going to say that fast money was spun off into its own show and then the valuation has really started it's happening see. I teamed you up for that.

Also, take a look at upstart, uh upstart. I actually is it up today. It is actually up today, it's up about 6.67, but it really gives you an idea here of uh how the momentum has slowed on upstart very similar, almost to uh sort of a tesla curve. Right here is incredible curve, followed by a downside and you're always going to have that what goes up must come down to reasonableness now the goal is that that up is still trendline positive right, amc, 40, even apple 135 and vitae amd.

Okay, let me see here where is there's tesla, always looking at i'm always curious about the options for tesla i might wheel. The shares i just got assigned or am getting assigned today might make sense, but in the meantime, i'm going to take a look at a little bit more top news. Let's see what we got here: stock gains! Okay - let's see here, hmm new york fed unveils first tapered treasury purchase schedule nice. I wonder when it is: let's see when the first uh oh yeah, here it is okay.

New york fed released a purchase schedule for treasury securities that came out of the central bank's november third instruction to slow monthly purchases to 70 billion dollars a month from 80 billion a month, that's from treasuries, and then they sort of just list. The current amount they're gon na buy like about 11 billion for uh zero to two point: five: zero to two point: two: five years: they kind of go down the scale of uh where they're buying these gosh. So imagine trading in billions of dollars. Oh yeah yeah yeah, all right, cloudflare, 205.

Again, let's go it's awesome. Chargepoint wow! I remember buying this at 17.. I took some profits already, but it's so incredible to see it go from 17 to now 27.. That's great.

I've also taken some profits on voyager digital. Although i still have a good chunk of voyager digital and uh yeah, if i didn't say it yet, i did want to invest in my, but i might not, but i didn't end up doing it uh reason for that, but i will probably make a separate video On that to explain it, but anyway yeah this is voyager digital. It's had a pretty incredible run here. It's it's been consolidating the last about three days here: three minutes to the market close and yes, uh.

Oh, thank you so much actualize trader for saying that you love being part of the group. I appreciate that. That's awesome what a verse says: uh get your tesla shares now for a three and a half percent discount or three percent discount while supplies last. Oh, don't worry, elon will bring you more supplies all right.

Let's listen to sarah here which what you got. Sarah wrapping us up for this time. In seven months, meantime webbush downgrading nvidia to neutral on valuation concerns the firm's still bullish on the long term. This has created a lot of chatter.

The nvidia call pretty pretty controversial, interesting guy. The stock is flat. It's had a tremendous another leg run up on top of its already moonshot action. What do you make of the call ooh by the way? Bannon was just indicted for contempt of congress.

Their earlier price target was 220. I mean this was a 220 dollar stock a month ago, and this moved higher. I mean it's rallied. I mean look at this move.

It's really 50 something percent in a little over a month. What do i make of the call? Well, i think it's somewhat timely ahead of earnings. I think they report on the 17th. Don't ask me if i'm wrong, that is true, uh, it's the 17th for nvidia and honestly i uh i'm in cash raise mode.

You know, i'm looking at my portfolio regularly, i'm uh i'm trying to take uh. What's up ralph from chandler uh, looking at my portfolio regularly, i'm looking at some things that i'm not uh highly enthused at compared to other things that i feel much more confident in and uh, i'm uh i'm willing to to trim, and so i have been uh That is why i am now essentially at zero margin and uh, just a little bit more to go but 80k uh, it's a small portion of the portfolio yeah, but yeah, i'm really gearing up for potential buying season again the next time we have some real drama, But until we get some real drama, i'm not i'm not like jumping up and down to try to get in at some of the prices that we have now. I'd like to see some more opportunities, paypal by the way is still one that i think is is an opportunity. I actually think it's more of an opportunity than than square at these valuations, and so i'm tempted and i've been tempted - and i have sold, puts here, but i'm tempted to buy, shares, uh of paypal or potentially maybe even just sell some more puts at these lowers And then sort of average uh average down see if i sold some puts uh 210 for december, i'm getting about five percent, maybe a little less, but anyway, let's listen to the bell stock very much as far as the other action out there.

The dollar is a little bit weaker. Today. Treasury yields are a little bit firmer, 157 till they're still down for the week all right good. So there's the close.

We are up a half percent on the dow a point: seven two percent on the s: p: 500. Nasdaq up a full one percent and the russell's up uh 0.11. It's great, i mean it's a solid green day here in the markets. Uh some i mean not all stocks, doing exceptionally uh well individually, but uh overall, a nice positivity here in the market uh.

Now that the market is closed, i do wonder if jerome powell is going to hear the news from joe biden, we shall see treasury yields maintained mostly stability here sitting at 1.57. That's not bad with the with the taper now happening, uh and and this latest inflation print which could potentially accelerate uh the taper schedule, mp material up another eight point: seven two percent big digital up at buck. Fifty now, my goodness uh you've got voozi at 15.9 percent in the day cannabis stocks coming back today, like aurora cannabis and canopy growth, roblox up 9.58 at 107, pretty incredible airbnb up almost eight percent at 206 at sea. Seven point four: two percent really on virtually no news, so it's kind of incredible uh and uh golly.

I mean these have just been on a tear, etsy and phase affirm tesla, even though they might be off some of their crazy highs, except for etsy and end phase. Those are at all-time highs. A firm is off its crazy highs. A little bit here, sitting uh at about 148 right now, still doing exceptionally well same thing with tesla, you know tesla being over a thousand.

Oh, my gosh, it's been incredible and i really appreciated the run that we did have, because i took a lot of profits on my options and i regularly say: if you get into options trading, it's important that you take profits. When you can don't let these things sit around forever and uh very grateful of that, so i was able to take advantage of of the run and hey now. If i can pick up some more shares at a discount, we're gon na. Do that so uh.

I'm again getting assigned a thousand shares today and, quite frankly, if tesla falls under a thousand, i might just buy a thousand more uh so far anytime. I do fundamental analysis, especially comparing something like a square to tesla. I'm just continuously blown away by how easy tesla is to value relative to some of these other companies, and so it continues to be a reason why i'm willing to have tesla shares over other shares. Uh sometimes i know that sounds overly bullish, but i'm just being transparent.

I mean when, when you do the numbers, uh they're, just beautiful all right so shopify 11.79 wow, that's actually bullish for a firm right there. When you get good movements in uh shopify. Remember that a firm does shop, pay it's kind of cool uh yeah. They do all the champagne such incredible partnerships.

That's what you're paying for is those partnerships. Everybody wants to work with a firm charge. Point four point: four percent docusign: almost four percent today expi three point: six percent paypal, three percent; finally, coming back up to life, a little bit robin hood up: three and a half percent uh, so dutch bros six percent to the downside, tattoo chef 4.35 to the Downside lemonade and tesla both down just under three percent along with palantir down about 2.57, a firm was down 1.87 on the day and that's despite being up earlier, which was also kind of interesting macy's 1.39, and no warnings today, dave and buster's sitting at 38 bucks. Okay, all right, let's uh! Let's answer questions for a little bit because right now i i don't see a whole lot of news and uh.

You know we're kind of on standby. So what do we got here? Uh pole star for 10? 30.. Good for you. Do you think news has reached a solid support level? I have no idea what nu z is honestly uh shift way down for no reason couldn't agree more uh yeah, it's pretty stupid elon.

Did you dirty? I know like the day i sold puts elon or like the very next day on the saturday elon's like by the way, i'm a dumb sharers and i'm like. Oh no, oh it's! Okay, i mean that's, that's the that sometimes happens when you short-term trade right. It's just you, you are there's nothing. You could do, there's no way.

You could predict something like that. The the charts do not tell you elon's about to sell uh, so pretty incredible uh. I still believe in cardano long right now, i'm actually more in bitcoin uh. There was a uh brief transition a couple weeks ago, and so i still have to clean up my crypto portfolio.

But if you look at my portfolio, video you'll see that i i like the idea of a potential paypal reversal. I really do like that idea. Uh and i support it uh i didn't see the news on shift. Let me see what the news is on shift.

I i didn't see any news beyond earnings, but that was that's old news. Yeah. No, i just see, beats, although here's an 8k what's the ak, maybe that's the news yeah. I believe that a firm has the potential to do very well this holiday season.

I think the time to sell a firm is honestly like right before the end of the year or like january 1st, or something like that. If you were going to sell it, because i i do think, there's a there's - a possibility that uh that right now there's some negativity built in for consumer spending in the holiday season, and i think i think markets are going to be pleasantly surprised with how much Folks are willing to spend, which i actually think is going to be good for square and some of the other companies, even though i trimmed a little bit of square today, i did so mostly to not be in margin. I don't particularly see a news here on opera shift: uh pulsar i'll, do a video on polestar and we'll do a video on that. Okay, let's see after hours, here after hours.

Here, pole, star is actually still up about two or three percent and dwack warrants down about three dave and buster's down. One zoom video is at 253 gosh. Remember when i ran to like 450 well, it was crazy, 450 or 480, or something like that. It was nuts tesla split, a 15-hour, i think so.

I did order woozy glasses and i returned them because they weren't that great i felt bad but yeah they were a little annoying. Hmm, okay! Uh i mean that's, that's all i have today. I know that's a little bit shorter, but uh there's not horribly much to talk about so uh, i'm just continuing on for opportunities. Thanks.

So much for being here. Folks and uh see you next.