Hey welcome back to another market, closing livestream, so uh yeah. This is this is the kind of entertaining market where a lot of people are in the situation where they're, like man, this market sucks and the reason for that is well. First of all, we're like, but uh. It's because, like the indices are uh not doing bad uh, i mean, as as usual, 2021 has been just the year of the index.

It's the individual stocks, especially the smaller stocks that are just getting hammered day after day after day, uh and uh. It's it's painful, and so it's leading a lot of people to wonder, like maybe you just it's time to tax loss, harvest on the small caps and go back into them afterwards, but i i'll tell you it wouldn't shock me whatsoever. You end up uh, seeing this. This continued selling, whether that ends today or tomorrow or friday or whatever on these small caps january, all u-turns no guarantees but uh.

You know, especially since, if somebody sells like sofi they they probably shouldn't, buy sofa back after they tax loss harvest for another 30 days or whatever they probably should u-turn to something else. But some of these small cap prices are just so ridiculously low uh. I i'm i'm willing to dump like tesla and google and end phase and etsy and uh, and some of my literal favorites uh, just to go small cap shopping when the rotation begins, but we've. Actually, where is it? There's we've actually, unfortunately started seeing a little bit of breakage of our floors, and that starts making me nervous for the small caps or it's a sign that yeah.

It is just leftover, tax loss, harvesting and uh, maybe that that pain is almost over. Who knows but let's pull up our floor sheet again. We've been watching this very closely and i just saw lemonade break the floor, which is crazy because lemonade kept bouncing off of forty dollars. It's a floor.

It created and uh right now. You've got lemonade at 39. 40., look at that folks. Lemonade just broached the floor, so we don't know how long that's going to last, but look.

It keeps trying to stay above at least 39.50 ish right now: 3300, okay, maybe 39.33, but anyway, uh sulfite is getting close to that floor. 14's. The floor here pallent here, i don't think we even wrote down a floor for pound here, but let's just look to see if we can see it here, yeah look at this you're you're kind of like bobbing along the floor here on these small caps about that. That 1780ish level you're basically right there again at that small cap floor and look at even like tattooed chef 1536 bobbing along hit once hit twice hit three times now.

These smaller guys you're just getting absolutely roasted uh how about the travel ones look at carnival. This is not necessarily smaller cap now carnival down a little bit here. How about beyond beyond is yeah beyond's at that floor see that's crazy, docusign, let's try! Docusign docusign is docusign's still holding on a little bit, but also trying to rotate a bit net 129 floor. Okay, that's good! It's at 133.

end phase is at uh, also pretty close to that 180 floor, but just above it robin hood's getting destroyed even more it's down uh it hit hit an all-time new low today, so it it broke the floor as well. So lemonade and hood have broken the floor. Paypal was one: nine is 190 okay, so they're fine, a far they're above the floor by about 10 points, they're firms above the floor. By about no six points, toast is above by like five.

What about arc? Let's look at rk rk wow. They went right back to 93., my goodness they ran up to almost 100 and uh right back to 93 61. Just she cannot catch a break floor on zoom was 7 175. It's 181 painful uh yeah this.

It's very, very interesting. At the same time, let's look at these these guys over here. Uh and nasdaq is basically flat and look at that you're up with you're back to 4 800 on the s p, 500 and you're at uh. You know up almost half percent on the dow.

Really incredible: it's just uh, apple and and uh microsoft. I think that are up today. Let me see here: msft, oh microsoft.41, aapl apple up uh sitting at about that 180 range. I can't wait to break the piggy bank on some of those and then just go buying the small caps uh.

If if we end up getting the rotation of the small caps, we may never that's always the sad thing, it's like what, if it never comes back, it usually does but um. You know who knows so yeah look at look at the smaller one. Let's do this again: okay, let's grab market cap over here we're going to drag it and drop it right here and look at this folks look how wild this is. Every single one of the big losers here, with the exception of dd, but they don't count - has a market cap of under 4 billion dollars, every single one of them all of the big losers market cap of under four right here, virgin galactic's under four.

Now, let's go to the next page, uh mad reports, five billion - you got another five over here, almost six, okay, every single one of these is under six billion dollars. This is like the simplest market ever if your market caps low you're getting burned every market cap over on this page. Ah, there's carvana at 40.. So now we're getting a little bit more mix kind of in the middle here where uh the stocks are down about.

Three percent, but still disproportionately the smaller ones. If i now sort by market cap and go to the big ones - and i threw a dart look at that most more than half of these are green, which is not true of the little guys right. That's just nuts yeah look at the sea of green over here in these large cap stocks. That's why the indices are up.

So you know you want to protect yourself right now. You should tax loss harvest all of the little stocks. So as an example, i'm gon na i'm gon na pull up. Give me one second here, i'm just gon na four giggles, i'm going to pull up my little my part power layer, i'm just going to pull up, because i only show this generally the course members, but i'm just going to pull up the part that uh is Relevant to this discussion here anyway, let's just for giggles do something: okay, i'm gon na make a little chart and i'm just gon na go what if i sold everything uh under 10 bill.

Okay, i'm gon na write this down and it might be too late. You know you get the rotation as soon as you do. This sell everything under 10 bill. How much of my portfolio would i free up if i went to 10 bill? So, let's see i'd have my matterport uh stupid hood sofi would be in there.

I have a highlighter on everything: that's under uh, a certain amount already. Actually let me let me change the highlighting on it. So i have yeah everything under 5 is red, so i'm going to make everything under 10 red yeah, okay, good done! Oh, oh apple! Numbers is lagging stock ain't lagging though okay, good, so everything under 10 that i have so that would be, and i don't own c3i - i don't own blink anymore charge point i don't own those blah blah blah blah. So where are the ones i actually own? Uh there we go a little bit of corsair the little bit i have there, so i don't know throw that down.

Uh, that's about 250 000., that's corsair and let's grab some of the other ones. We have. We have um okay quickly, looking at these values under 10, larger amounts under 10, that's under 30. So that's okay! Some of these are little tiny positions, so i'm not going to worry about them.

Okay, here we go so and i'll share the screen. With my result. In just a sec matterport, that's about 1.1! So throw that down really quick matter. Poor one one, one, two one, two three and then let's see sofi is in there and hood so sofa well, so far is actually 11.8, but i'm gon na throw them in there.

Anyway, because they're fintech and they're just getting destroyed, so i'm gon na do everything under 10 bill and fintech just for giggles just to see and fintech. So hood, it's probably what 700k uh square is about. I'm just gon na do rough numbers here, so we can kind of get a little bottom line percentage of portfolio, that's fintechy and uh small cap. So now we need sofi.

Let's get so five, so five, 400k. Okay, any other smalls. I think that's it! No! No shares there just trying to get rid of the smalls. We got hood and etsy and phase of fine carnival.

That's fine! I think. That's it: okay, good and yeah uh, okay, that is it okay. So now i'll share this, that's about four hundred two three there. We go okay, so if i got rid of all of my either small caps or or fintech, oh, i do have a little bit of paypal, uh whatever it is.

The paypal doesn't matter right now: okay, let's sum that up, so that puts me about that's about. That's 10 of my portfolio-ish, that's roughly about 10 percent, so there is a there. Is this theory that right now, small caps and fintechs are just going to keep selling off through the end of the year? Maybe you just go in and you dump all of these and buy them back when they rotate. Now, that's literally trying to time the market yeah, and so then you got to ask yourself like how much lower can they go? Well, here's the thing they can keep going lower.

I hope they don't uh, but they can there's there's nothing that says they can't keep going down right. Like i always say, penny stocks don't get listed as penny stocks, but uh, but anyway there is that thesis that if you sell these, maybe you just sit around and wait until you get a rotation of these in the meantime, take that money and dump it in To apple microsoft, google, you know tesla video, i don't know whatever some of these gigan gargantuan companies here in the trillions of dollars in market cap. It's just an idea, but i kind of think that's what's happening in the market right now that a lot of people are doing that uh. I think it's unfair to a lot of these companies, but markets, ain't, fair life, ain't, fair, you know! So do i love it that and it's not even really like matterport's kind of that's roughly at cost for me.

So it's not like i'm losing money shift is the one that's just destroy or not shift, i'm out of shift uh robin hood's, just a piece of crap uh, which i think is insane what's their market cap right now and i know a lot of people hate Robin hoods don't get me wrong like i don't want to be in hood for the long term. I don't really care about them for the long long term, but it after their lock up. It just seemed like an opportunity. Uh, 14.73 billion.

Look at that jp morgan. Why robin hood is underappreciated? You know, look at that the crypto wallets coming out in january. Please, please, give us some good news. The forthcoming crypto wallet will allow users to deposit and withdraw bitcoin ether, dogecoin and other tokens.

The company says: okay, like people keep saying uh that uh uh, like oh, that's, gon na mean uh. You know people have to uh. What's it called uh or people everybody's gon na take their crypto out of robin hood. Ironically, it's not necessarily true.

You know how, like i don't know if you've ever had a lovebird uh, but i'm just gon na give an example here like if you had a bird in a cage, some birds, you open the cage and you open the door they're just like gtfo, i'm out Of here, because the cage is rarely open, but if you had like a lovebird, which i grew up, i had a lovebird for a while until i was an idiot and i bought a second lovebird and then my primary lovebird. My first love my first love bird uh hated me because it only cared about the other lovebird big mistake: don't don't buy two lovebirds if you're gon na take care of the lovebird. It is your best friend they're, a beautiful animal. It kind of makes me want to buy a lovebird today.

I should not do that uh. It makes it hard to travel, but anyway, uh so joshua's, gon na say oh yeah, when, when the animal knows that the door is always open, it doesn't leave because that's it, it has the option to always leave uh, and so, in my opinion, it's possible that You're gon na get traders, and i think this would be smart. You get the crypto traders actually end up using robinhood uh, because the fees are just the lowest uh, at least that i found - maybe maybe i haven't tried ftx uh, but i'm going to try them and i want to price compare them. So i'm going to try ftx, but uh.

Robinhood's fees are way better than even coinbase pro, certainly better than voyager coinbase block five weeble uh. You know if you buy them like so fire public, whatever like come on, robin's blowing them out of the water. In terms of pricing, so i don't know, that's a theory or who knows maybe the wallet will just be a catalyst for the stock and that's it and then you gtf, i don't know, i don't know um mid-january, oh, come on you're gon na make me wait Till mid-january come on man i got, i got call options that need some love. Can we get this going please anyway, uh yeah, all right, so uh.

What else here kevin hoddle uh? I hope it rebounds uh, oh you're, asking a question or do you just sell it now, uh yeah? No, i robin hood's worthless right now. It sucks you know, uh. You could what i said what i did and i always send alerts uh, obviously to everybody. In the stocks insight group go to medkevin.com join to join, but anyway, robin hood at one point today was like dead low.

It was really low and so guess what i did in the pits of the market. I'll tell you i'm kind of curious, full transparency in terms of what time i did this, i kind of just want to know. It says 7 18., no freaking way, no freaking way what i executed my options literally at the bottom of the freaking market. That's awesome because i sold puts here i'll i'll, show you because the proof's in the pudding - oh, that's good.

That means that option contracts up. Let's go that'll uh that'll, lower the losses, that's crazy, uh but anyway. So look at this look at that folks, uh this! These were the the buys that i did this morning. Well, i i sold puts is what i did and i sold 250 puts on matterport and hood uh, and then i took the screenshot right when i did it, so you can see it's as of 10 18 eastern time, which is 7 18.

My time we literally nailed the bottom to the frickin minute. Let's go that is insane uh. That is so crazy. Uh! That's that's wild! Now, hopefully, that's the bottom bottom.

You know because if the bottom keeps going, then that's nothing to cheer about in the future, but anyway that's that's wild um, yeah, okay anyway. So i'm curious to see if they're they're up i mean they should be. Let's see uh in the meantime see what else is going on. Oh, i guess it's not that red of a day today it just feels that red uh i hate looking at the overall like portfolio, red or green, oh yeah, look at that matterport's up four percent! Uh they're, actually not that that much higher given that uh, what is it's like, 2.3 or whatever percent on on robin? It's not actually, that high off of uh off that put contract uh.

But then again i went long term. Had i gone shorter term, i would have had a lot larger of a swing, but that's okay, because i took a big fat. Credit took like 150 000 credit on average on each of those i'll. Take it but uh that timing is funny okay.

So what else do we have? Well, let's look at a little bit of news. Let's, let's see what uh, what the bloom darker is doing all right, yeah nina's, just another one, that's just getting raked over the coals. Uh choppy trading on bitcoin boring smp will top at 5 000 before the correction hits. Oh no here come the bears here.

Come the s p bearers? That's it everybody, the big corrections coming it's the beginning of the end. Oh man, it's always a bear uh the bear. The bears have been right on the smalls or they're just using the smalls to hedge, their their bigs. Anyway, one of wall, street's biggest bulls is betting.

The s p will continue to gain before a correction in the second half of 2022, once the fed begins raising rates. That's interesting because they're probably going to start raising rates in march, which is before the second half. So maybe they mean like while uh they're, uh you're, raising rates investors, anticipating drawdown and uh stocks, blah blah blah realization is going to hit us next year, we're not returning to the feds 2 percent. I think the fed may even adopt 3 they'll move their inflation target up yeah.

They could do that after all, they do have fate flexible average inflation targeting flexible average. Oh, my gosh sounds like a joke right now, honestly, all right, so it looks like you got. Uh last four minute here, a little bit of classic kind of institutional selling, some more outflows. You know what i want to see is because kathy woods, arcs down again ran up to a hundred, and then it's like just kidding, come right back to 73, going right back into the pooper oops that sucks uh.

Oh well, oh well, charlie yep can't always nail him, let's log into the terminal, let's see what we have. So what we're looking for is outflows for kathy's fund uh that that'll be quite interesting. I def want a position in the world's biggest ev market. I don't let tv political narratives take me off a good company.

I don't know who you're talking to or what you're talking about that's interesting all right. So, let's see arc k flows at this point i should just be able to write flows and - and they should know that, i'm looking for arc uh another day - outflows - oh 138 million, it's dang, that's been lots of outflows over there. Oh well uh! You know what we can also do. Some folks were asking me to look up short interest.

We could we could pull up some short interest and uh. We could kind of see what's going on with some of these, these smaller guys, uh, let's, let's do short interest right after the bell. How about that we'll do some we'll do a little bit of short interest. Looking after the bell, we can see all right so we'll look at like amc gamestop, you know maybe tesla robin hood, let's see if the shorts are actually going up or what what's happening.

Dutch pros is up three percent going up a little bit into the close. How interesting nordstrom 1.69 we already know the big caps are doing well uh. We know that there are people being bears about the s p 500, but everybody's rotating into these big stocks anyway, so uh etsy, tesla, uh, oh yeah, and for tesla's actually down a little bit for whoever was wondering about like oh my gosh. Well, what about the the wash sale rule or whatever for uh, for if you sold the smalls and went into the bigs, and what, if you go back, we talked a whole lot about that and they're easy strategies for that this morning.

In the course member live stream, yeah there's a solution for everything, always remember that that way, okay kind of boring - let's see here, bt this, the uh this this continued, the continued rebound back down - it's just so exhausting it just keeps keeps going right back down. Look at the 30 minute tried breaking out above it look at that we had. We had a nice little breakout curve. You know that was that was a while ago, though uh we hit 52 over here.

That was when we last got rejected right back down, tried breaking out this morning, just kidding going right back, it's btc, it's craziness bouncing, but not falling back as much as it had over prior days. Uh. As we approached the close, though sarah a record closing high. Just about for the s p, 500 by a point or so and for the dow, also uh quite comfortably up a third of one percent and that's just negative there.

It is dow is up point two: five s: p. 500.14, nasdaq down point one: russell 2000! Up 0.12: let's go do some short interest. Shall we, let's, let's, let's see how things are getting burned all right, so i could share this screen, which is kind of cool they don't care uh, i believe, but anyway, so short interest for amc, showing at 18 points out. So, where you want to look is right here above my head: okay, 18.75 kind of been rotating down.

Let's look at robinhood have the show. Have we gone to ten percent? Yet we were like six percent last time. Oh yeah, here we go at the lag, i'm frozen. What is this like a frozen, fractal or uh? What's why? Why am i you know what what good is this? What good is this retry? How am i not connected um? I don't want to cancel my connection.

This is so dumb, i'm supposed to look at i'll, just cancel and rejoin it so dumb, whatever pull it up again, i really want to see that short interest. Oh, what's going on? Oh wow, it's not loading. No, the whole computer stopped this. This computer just decided to meet on its internet connection.

All right, guess we're going to wi-fi okay. How weird is that you unplug the ethernet and it starts working so dumb. So you know, why is it that - and i say this like all the time - we're 2021 we're about to be in 2022 and we still have problems with basic stuff like cell service and consistent internet access? Well, this is why we need we need elon to revolutionize. This garbage, like i think, sitting here, i got two different service providers here and both of them are at one bar like it's so bad.

The wi-fi calling doesn't even help and then i've tried setting up a third service for like a month now and three times in a row. They're like we've shipped your sim card, never get it! It's crazy! It's you know, it's all, it's very sad or or we just call these first world problems and whatever uh uh yeah. That is true, no wash sale yet in in crypto, so whatever you're down on just eat it and rebuy it. Oh, are we back up? Oh, i think we are okay.

We are oh we're back. Okay, short interest on robin hood, moved up a tiny little bit, not much here. Robin hood is at uh 7.55. What's another one: let's do sofi 10.19.

Let's do shift technologies. 29.35, corsair. 31, hey the shorts are going down. That's interesting, wait a minute! Wait! A minute! Wait, wait, wait! Wait! A minute hold on a second here.

Is that true, oops yeah look at this folks. The shorts are going down since december 21st. The shorts have been going down in tesla in so far just the last couple days shift stable hood, ish, stabilish little bit of a rotation down brief rotation down even on amc. Let's do another one here, uh ttcf! Where is that uh that one's 33.04 percent short and if i click on it, that one is yeah kind of stable? Okay? What's another one here, uh, let's do f! Cell f cell is 12 short, also going down a little bit.

How about a firm, a firm rotating down interesting the shorts are going down. Let's try! Let's try arc! Oh interesting! Okay, nope shorts are going up on kathy geez. I feel so bad for just getting crushed 29.9 on that wow charge point on workhorses 29 uh yeah a little rotation down there on charge point as well. I think people are closing shorts going into the clothes of the year hitting that's, not a ticker uh.

At least not one that pulls up yeah efoi energy focus not 18.26. How about erj uh, not only two percent? How about eleven d? Oh my gosh lemonade. Thirty. Eight point: five percent short holy x uh.

What is this one? This is gamestop 13.34, fubu, 15.44 uh. What's the other one? What's uh arkham fuv, fuv, 30.63 draftkings? Oh, that's a good one: 11.28 tmc uh, six percent astr eight and three clove eight. If anything, i'm seeing on average, i already did tattooed 19 here, on average, it seems like shorts are going down with the exception of uh kathy's stuff mviz, it's either flat or stable, and then dm yeah see that rotation down there. On some of these small caps.

I don't know what's another one hippo yeah hippo's, not even that short crazy. Dm vm is also kind of rotating down a little bit 11-ish neo neo's, going up a little. Oh, it makes me want to look at bubba, but only like 3.8 yeah baba's, actually going up as well a little bit. Talent here is 5.58.

I don't think the hot. The miners are usually short. Are they oh wow? The shorts have been going up on them. Very interesting hippos are more wide than short.

Oh, that's! A good one square yeah, pretty stable there and matterport. Oh matterport kind of rotating down a little bit coin. Also rotating down interesting, i would say more often than not the ones we've been looking at have been seeing short interest, either cap or rotate down. It's kind of rare that the short interest has been going up.

The exception of kathy kathy's stuff has been the shorts. Have been going up, how about arcgi yeah see it's going up. The kathy's stuff keeps getting shorted she's the victim here old school runescape yeah, that's a good one! 15.4! All right! I already did so fine, okay, i'm done interesting. Ah, oh weird market.

We got here all right, let's see how things are in after hours quickly looking around uh, it was a discount december as shoppers sought bargains, ooh, off-price retailers, they're, actually they're, not talking about stocks, thought they were talking about stocks uh all right. Let's take a look. Anything burning down to the ground in the afters lemonade's up point: six em, ren cloud flare etsy these guys down a little bit otherwise, looking at the day's changes looks like very good food companies, naked brands, macy's dicks, it's the retail retail. Coming back a little bit.

The more the more cases we get, the more retail, is already coming back. It's wild. The market is so anticipating that, at the end of covid we're trying to uh, with the exception in in the smaller caps fsell on the bad earnings, anything financial, that smaller evs getting destroyed, um anything smaller just boom wreckage, it's a giant, wrecking ball gross. What are you gon na? Do all right.

So what else? Oh anything else, i think i think that's pretty good. We already looked at astr uh huh yeah. I already talked about robin hood in this video and the wallets all right. Well, sorry, kathy she's, the one getting shorted as a hedge for everyone dude i i already ran astr.

It was literally up there. I even said it uh yeah, look it's literally right. There dude, you know just pause. The video and you'll see it all right.

All right, well folks, thank you so much for being here. What a crappy crappy market, unless you're just straight up in the index funds, then uh. I hate you! No, it's all! It's all good you'll you'll you'll get your your share of red next year or not. Alright folks, we'll see in the next one thanks so much goodbye.

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