Yo guys look my shirt's white. Now it's black! Now it's white! Now it's black! Last time i wore uh a green shirt with my green screen. Everyone was like. Oh man, trey.

I appreciate your transparency. That's such a that's such a funny, freaking uh. I got a good kick out of that guys. Welcome back to trey's trades, it's great to be here.

I did not. I know we haven't made very many videos the last couple days, but uh lots of stuff going on in the back end and we're back now. Happy easter to everybody uh. I hope that you're having a great day i just slammed down some pizza rolls.

I thought i was gon na make some hot dogs, but we don't have any buns, so pizza rolls and uh and diet coke. It is for this chicken uh and we got a lot of stuff to talk about. We got a lot of stuff to catch up on to prep us for uh, for monday's market, open uh and here's sort of the agenda right. I'd like to go over a couple different things, obviously we're gon na stay in the same general uh, sort of order that we have, which is starting off here with uh amc talking about the spy uh play of the day for tomorrow, is what pod stands for, And then i've got an additional thing that i'm gon na pitch to you guys and if you're interested in something like that, you let me know uh in the comments section and if you are you know uh.

We can definitely do that so uh, let's start off by talking about amc. Obviously i'm not a function of my first voice. Please say the green assault uh. I want to start with this sentiment, so today i held in my discord.

There is a link in the description box down below if you like, to join it's free on my choice, discord. We have lots of uh great tools in there uh for crossover alerts and smart people, whatever uh, but in there we had something. Today, it was a stage, uh 2 p.m. Central standard time today we held a stage where people were able to come up and talk about whatever they want.

It was sort of like an ama, an open discourse about any topic that uh that people want to discuss, and there was one individual who who came up to the stage and they wanted to talk about sentiment. They talked to me about sentiment and they said trey. What do you think about the current sentiment of the community compared to where things were perhaps a year ago, back in uh april of 2021 or january of 2021 or june of 2021, and i wanted to tell you guys, you know a little bit of a story. Uh, because i think stories are the most relatable thing and uh you'll be able to walk away, maybe uh feeling some sort of way, maybe connecting with that.

So i kind of look at uh, the current nature of the community and and how drastically different it is uh from a year ago, and i think that most youtubers most people on twitter would they'd come out and they would say uh. You know. I personally believe that the community is much weaker than uh. It was a year ago.

You know there are there. Is that opinion there is that sentiment? I have seen that uh and in some ways you can make an argument whatever, but i think that there are positives - and i wanted to be able to highlight that, especially today - uh because i have seen a lot of negativity and sort of uh people. Second guessing themselves in the community or whatever it may be uh. I think a lot has changed for the better and it brings me to david moriano and rico.

These two individuals, they're uh, they're youtubers, who who have popped into the space - and this is this - is uh - there's way way way way way more people who who have sort of populated over uh the previous year. I could think of amc bingham's, like the boss blunts. I can think of lots of names on twitter, but rico and david moriano are probably uh some of my favorites, because i'm i'm a ta guy right. I think that my specialty uh in analyzing the market is in technical analysis.

I think i'm a decent uh, ta sort of guy. I think that the positives that come out of these guys coming on is education over blind belief, and i uh. This is where the story comes in, where i think uh personal responsibility, right education versus blind belief. I think what these guys have done and i think something that we should all be proud of and that the community has put a lot of time into is really doubling down on this education piece because uh.

If people, let's just say that tomorrow, uh we have a massive run-up, amc runs up to 100 500 000, a million dollars whatever the it is right and everybody just makes a pissed ton of money. Well, we know a statistic that exists, which is lottery: ticket winners. Typically, over half of them uh will lose all the money that they made within their lifetime, and that comes down to a lack of education. They don't know how to manage that sort of money - they're, not they weren't prepared for the after they weren't prepared for what was to come after the money was in their hands uh, and that's where i think education is huge versus blind belief and that's where i Think these guys, it's sort of the the new wave movement of education, uh, has has been really monstrous.

It's been drastically different and uh. You know to sort of double down on that. I said i was gon na bring myself into this. Somehow.

I think where i have gone wrong in the past is, is not backing up enough and not not trying to evolve enough in terms of what we're looking at you know we can bang our head against the wall all day, long uh, looking at uh looking at Uh charts or uh hypothesis or whatever right uh, but here's the here's, the fact of the matter education is going to win every single time over just blindly saying the same thing every single day, and i think that this is a positive thing. That's come with the community and that's changed the community for the better, and i wanted to start off by talking about this because, especially on easter, you know a day in which you uh it's not thanksgiving or anything but uh. We're typically you're grateful you're sitting with friends and family and kind of reminiscing and you're trying to think of all the good things in life. I think this is a good thing in life.

I think that the community uh getting smarter month by month by month by month is, is really huge, because that's only going to help you the the ultimate weapon against the villains in this story, uh the bad guys who want to take your money and transfer wealth To the rich from the from the poor right, uh is education. This is always going to uh, always going to win the day that these guys fear the most, and i can almost guarantee you. This is uh the day that they see that people understand it's like that ant movie, right where, where, when all ants rise up their way of life on the top changes and education, is that tool, it's that weapon. That uh really is gon na change the game and prepare you more so for what i think is after to come, uh with with any meme stock, whether it be amc, gamestop, hymc, whatever you can just lift up list off all of them.

But i wanted to be able to talk about that. You know a lot of people say trey. I wish you'd come back to uh uh. Just this like the old buy and hold trade like.

Where did trey go from a year ago, and the trade from a year ago was, i think, less educated than than i am now, and i'm actually very happy with the growth that i've seen in myself and also in the community. So i want to be able to touch on that. I think that's uh, that's pretty interesting stuff uh. I think that it's a good way to start the video, and that brings me into the chart so where's where's amc sitting right now.

We're gon na talk about hymc and a basket theory and the options chain. Amc right now is actually a very interesting place and there's sort of two things that i think are backing this up in a very solid way, which is the hymc, slash basket theory and the options chain balance. I've talked about this many many times. If you want to see my theory on how the options chain affects uh stock price feel free to check that out.

But the big thing that i'm noticing is that calls and puts, are basically equal in cost. If you're, looking at the price right now, it's 18 and two cents, you can see an 18 strike for puts is a buck. Three. An 18 strike for cause is a buck.

Six puts are actually slightly cheaper, which is a good thing to see. That means that uh market maker's gon na be more inclined to sell, puts, which is bullish in nature uh with all that being said, it lines up very well with where the chart is right now uh and something that you're gon na notice. That happens periodically over time. Uh i've got drawn up here at fibonacci retracement, which is essentially the lowest point of any given chart.

I'm gon na change the color to white here. So this is pretty easy to see the lowest point of any given chart to the top point of a run-up. You retrace that you go 100 up to zero. It can give you some ideas of where levels critical levels are going to be, where you can see some some resistance or support, for example, the 3838.2.

You can see that there was some chop around here chop around at the 50 percent uh chop around at the 61.8, and now we've come down to what amy loves a lot, which is a 786 and it's bounced off of that 786 retracement from the bottom of This run-up to the top of this run-up, this is actually pretty bullish in nature. I think that you are, you were inclined to see uh some form of a balance coming off of that 786. On top of the fact that if you're a look at the chart right now, what you're going to notice is this trend line? There's this blue trend line. That's rocking right here! You can see it's got.

A touch. Point touch. Point touch. Point touch point uh! It's! It's kind of a double up: support line, that's riding with this 786 retracement.

I think this is actually pretty decently bullish in nature. You pile that, on top of the fact that uh currently uh these dead cats, these these goofballs have finally uh balanced the they call put options chain, uh you're, looking at a situation where, where there you really are inclined to see some upside, i i genuinely think That does that mean that that downside's not possible no uh. It definitely is possible in the short term whatever, but i'm more inclined to believe that there's upside i'm going to tell you why uh you you toss in this options chain stuff right! You look at the options chain. You look at the current technical setup and the 786 uh sort of uh reclaimed support.

What you've got here is hymc in the basket theory. Now, what is the basket theory? I'm gon na wrap this up in a very simple sort of short sweet to the point way. My basket theory is that meme stocks right, oh, i almost had to burp meme stocks such as amc, gamestop, bbby, uh, hymc, bb, nokia. Whatever you go down the list that all these different names, trade based on the same algorithm, obviously amc is an entirely different company than gamestop.

This is a movie theater company. This is a nft slash, video game company. This is a bed bath and beyond company. This is a golden and precious metals.

Company blackberry is a tech company. Nokia is a tech company. How the are these all related, but yet they move in tandem right based on this basket theory. Typically, when one stock has a positive catalyst, for example, gamestop recently had a positive catalyst and moved to the upside.

An amc followed suit with it uh alongside other names, blackberry, hymc, bb, nokia, typically, there's a leader in this basket theory. Last time it was gamestop. I think this time it could be hymc. I think hymc right now is set up for a technical breakout and a sort of short-term squeeze up, based on some failure to delivers short exempt volume and short interest alongside the momentum that's currently playing in the stock.

So, based on my basket theory based on the fact that if one of these names has a decent pop off, then the rest of these names typically have a nice pop-off to follow through. He would expect, consequently, for amc, gamestop, bed, bath and beyond blackberry nokia. Whatever all these, all these different names that sort of move together to have sympathy moves off of the primary name, and i think that hymc or gamestop either one of these could have a pretty nice pop off based on uh. What i just mentioned, the hymc currently is set up for a pretty nice size, move to the upside.

You look at this right now. It's rocking a really strong upside level of support. It's got a nice retracement in uh. You look at the rsi and every time that it's tapped down at this 30 range on the hourly typically gets a nice size bounce up.

That's a nice trend that you cannotice here and it tried to break down beneath this and reject rejected. So i would expect this honestly coming into the next week to have a pretty decently green week. I think it's very possible uh that hymc has a pretty nice green week, so based on that basket, theory right if this does have a nice week or gamestop stock split, which is coming up very very quickly. Uh has some positive sentiment and positive movement for the stock for gamestop.

I think amc and all the other names and all these other meme stocks are gon na sympathy off of that based on the basket theory, in the same way, that amc was a leader right. All of a sudden amc just has a technical, breakout bam. The rest of these names typically will have moves to follow gamestop bed bath to beyond hymc blackberry, nokia, uh. You can throw away in prague, you can throw in uh bbb, uh or uh bbig.

You can throw in a bunch of them at the end of the day, uh these all are bought and sold by typically the same algorithms, just based on the way that you look at them. It's just the fact of the matter, so you can. You can look at the charts and notice this uh for yourself, uh and you're gon na probably come to the same conclusion so based on that, based on the current chart setup based on the 786, based on the curl up, that's starting to take place based on The double up: support line uh based on the hymc basket theory based on the current options chain, the cost of puts uh leaning towards actually puts being a slightly more expensive, which means that market makers can collect premiums forcing upwards pressure on the stock. I think this week will be a decent week and, if it's not, it would be because of this beast uh this this son of a right here now the spy is looking pretty shitty spy looks bad, doesn't look great and what i think this comes down to Is a couple different things: you've got uh the baking in of the 50 basis, point hike, i think.

Right now you are watching the 50 basis, point hike being sort of expected and baked into the current etf price. You can see this downtrend over here, i'm going to show you this. This is also going to play a day for tomorrow uh, but it's it's sort of baking, this in right, inflation's, gotten, worse uh! You can see that uh people are really worried about current yields. Uh they're worried about how we're gon na combat inflation.

I think it's just pricing that in anticipating that the fed is going to continue on with its hawkish nature, hawkish, meaning that they want to raise interest rates and tighten down uh the economy right so based on that, if amc or any meme stock has a bad Day bad week, i think it is going to be because of the spy. I i say that pretty wholeheartedly. I think it will be because of the spy uh and it would look like a breakdown underneath this channel. So you can see this line right here.

This line right here this line right here is sort of channel trading. You've got a falling level of support, falling level of resistance, falling level of resistance and right now it's just kind of ping pong ping-pong ping-ponging back and forth between these two levels: a downward channel - a falling channel. Excuse me so, based on that uh, you know, based on the 50 basis point hike, there's also worries about the current housing market. I've seen a lot of talk about the housing bubble that currently exists, and i'm actually going to talk about that in a separate video and i come to the same conclusion.

I think that the the housing market is in a pretty worrisome bubble uh, but i think that is going to continue to price this in until uh a 50 basis, point hike does happen, in which case it will likely rebound. I think you will see an immediate rebound off of the 50 basis, point hike uh and that's what i personally watched for so uh, based on where we're at right now with the spy. You know i'll show you the chart here really quick. This kind of ties into the play of the day tomorrow, uh the white line, would be a put scenario.

The the green line would be a call scenario. This channel training is as easy as it gets. You can see that typically any time that it touches this line and wants to bounce back up any time that touches this line. It wants to bounce back down.

So what do you? What do you see here as a trend right? You can take advantage of sort of these bounces back and forth back and forth back and forth as it continues to move up and down this channel until it picks a direction to break out. Above. You, of course, want to wait for the break uh the break out or the break down which would, after you probably want to look at an hourly sort of chart, having maybe a five minute chart for scalps and then an hourly just to see what things look Like uh, but i've been personally watching that, as you are prepping for what may come for the uh, the s p 500, which is the top 500 companies in the united states stock market, uh long call scenario, i'd be looking for this bounce off of this bottom Trend line this falling support line, you take an entry on that that confirmed bounce uh. The four rules that i personally have for myself doesn't mean that you have to follow these, but these are what i uh like to do.

I like to have a plan for entry, a plan for a stop-loss stop-loss referring to uh. If you are wrong, you, you take your losses, you take a cut on your position. Runners mean that you're taking profit along the way and where you plan to take out a full exit on your position. So based on that, i look for an entry on a long call in a bullish scenario.

If it pulls back at the open, i think you will see it bounce right about here. I think that is a very realistic place that you can expect sort of a dead cat bounce back back up to uh. The top of this trend line right here in the bearish scenario, i think what you're watching for is a move up actually at the open, followed by rejection on this trend line right here, uh and an entry on that for a long put a long put in A long call mean a buy to open, sell to close position uh. Typically, i will not take greater than ten percent of my portfolio in any given trade.

The higher confidence that i have in that setup uh the higher overall position that i would take in that trade uh, but that's that's kind of what i'm looking at. This is a pretty cut and dry sort of uh opportunity. Here i think it's been. The spy has been pretty cookie cutter, clean, crisp, uh, easy to gauge easy to watch.

You can see the trend taking place in front of your eyes every time that it taps one of these trend lines. It typically rejects off of it back down to the bottom of the trend line rejects off of it. Bounces back up rejects off of it. I mean it's just ping pong this is.

This is picture-perfect following channel trading uh that you can take advantage of. If you would like to uh, take a trade so based on all that, based on everything that i've just stated, based on everything i've said uh my personal thought, uh thought process behind amc in the coming week for the stock market. I think that they're the uncertainty is continuing to climb. I think, if there's any underlying theme uh, it is uncertainty behind these things: uncertainty behind yields, uncertainty behind 50 basis, point hikes and as of late as of just recently, uh uncertainty behind the housing market.

A lot of people are starting to get sweaty about the housing market, and it was only a matter of time. I suppose i personally believe that it would take longer. I thought it would take maybe a year or two for people to really wake up to how bad the housing market looks right now, but people are starting to talk about it and that housing market uh uncertainty causes pullbacks. It causes volatility in the markets and i think that's uh.

It's a possibility that could continue on so based on that uh spy holds up. Okay, i think it's gon na be a good week for amc. I really do i think it's set up really beautifully uh and if the spy is bad, i think you're gon na see a flat week for amc, uh and i'd personally be watching for those specific things uh, as we go into uh this next week. The last thing that i've got is this is something i used to do in the past and i'm thinking about bringing it back up again, uh, which is a one ticker a day, sort of uh subscriber based uh video, and what i would do is at the End of every single video you guys would ask for technical analysis or an analysis of some sort on any given ticker, and i personally will stay out of the ticker.

I would make it perfectly clear that i'm not going to trade uh that investment or that security. Whatever uh - and i will just give you my honest feedback on what i think the chart looks like, why would i do this right? Why does it matter? Why even bother uh for a couple different reasons, one to make you guys feel heard, so you you can get something that you are personally looking for. Uh two. I think it's a great learning opportunity.

I think it's great education. I think the more you practice technical analysis, the better edits. You get the more lessons you can learn. Uh and three.

You know i i just like doing ta. I think that's that's a selfish thing for me. I like doing t, i think, that's what i'm good at uh and i think it'd be a good thing to do so, if you guys are interested in that uh. Let me know in the comment section down below uh and then drop a ticker.

If you want me to analyze the ticker going into tomorrow, you know you feel free to. Let me know typically, penny stocks, i don't. I don't dabble a whole lot uh these days. To be honest, i think the market's too rocky to really dabble in penny stocks.

They're just too sporadic, they don't have consistent enough of movement uh, but i'm definitely interested in doing that. So, if you guys want to see something like that, let me know and that's kind of what i've got for uh for today. So, to sum it all up, you know, i hope you guys have a good easter and remember to be able to look back right. Look back at everything that's gone on over the last year and a half and uh every good story's got conflict and friction, and this story, man, has has had the story of amc and the story of the apes and the story of retail has had a lot Of friction, it's had a lot of uh, winding paths and those winding paths and that friction uh and i'm not even talking about stock price, just the community itself.

You know that those winding paths and that friction is what makes a good story. You're gon na be able to look back uh whenever this saga ends whenever the book closes and who knows that they'll come, but whenever it does uh you're going to look back they're going to say you know what that story was full filled with uh with conflict With successes with highs with lows, and that's what makes it fun to tell you know you get to go back and say this was actually something i got to live through uh and tell whoever the you want about it. You know so enjoy the story, while you're in it the highs the lows: there's a learning opportunity, every uh, every point. I know i know that i've learned uh a crap ton just about life uh about the way that the world works and uh.

Hopefully, you guys have too so happy easter, appreciate you guys all watching hope you have a good day catch y'all, later much lovely taps and peace.