Welcome back baby, what's up youtube, how we doing guys it's great to see you guerrillas in the chat, welcome back to the trader, show it's a beautiful day in oklahoma, 80 degrees, mostly cloudy. I think we got hit by a little bit of rain as per usual. We're gon na wait a little bit before we uh. We get the ball rolling drop some girls in the chat wish.

You warm welcome everybody in here on your way in mark of maryville. Trey scared, nut, you think you're so funny. You think you're hilarious huh. You think you're funny uh av-8, i am not late get out of here, i'm not late.

I was on time it started exactly at one. Listen, listen! Listen! This is this! I i know i know what it was. Okay, but uh. My bit rate on obs was being goofy so uh.

It took me a second to get going. Took me a bit. It took me a minute. It's just a that's a slight minute.

That's all! It is kulamar loophole, keith machine man, glizzy glizzy with mustard. That's a hell of a name bro. I with that heavy. I dig that name what up cheese you know back when i was in saint cloud for anybody curious.

I uh. I worked with a guy here's story. Time with trey. I worked with a guy named festus and uh.

It was at buffalo wild wings. This back when i was serving and bartending at buffalo wild wings, and this guy named festus uh. He had cornrows he he sounded like a surfer. Bro he's like yeah dude.

That's so funny you talk like that and everybody called him cheese and i didn't know for a long time. I worked with this guy for like five years and uh uh. You know three or four years into it. I said yo jesus yeah.

What's up trey, he says to me uh, you know. I asked me that he says uh. I say this. I say this back.

Why do people call you cheese and he says it's because i deal drugs bro. I make a lot of money. Dude he's just laughing his ass off, i laughed so hard. I was like all right man, that's a helpful way to come up with that name.

Where can i smoke? What's up dude? What's up what's up? What's up your hair is so fluffy. I could use some grooming down here. Oh trey's scared. Not don't worry.

I braided i, i braided the hair that i've got on you, so uh we're chilling we're chilling. It's all square. What up? Uh rito paul thanks for the membership, appreciate that uh yeah, here's getting long, mr simon, it's taking a minute but we're finally getting it out, throwing it out baby. The the game plan is to push it all back eventually and uh have a well-kept beard.

Yep! That's the game plan my streams always buffer. It says i've got good connection. Is anyone else having uh a buffer problem? A mayan bitrate looks good and it says excellent connection in my youtube studio could be wrong. That's what i got uh right here, excellent connection, but i don't know i i couldn't tell you.

I couldn't tell you for sure i should probably get rid of this. That's left over from uh something else there we go hey thanks ross. I appreciate that appreciate that dude, you are the buffer yeah. It is what it is bro all right.

I i don't write the rules. We just we just follow them. We just follow them. Yeah i'll check out or text a little bit nick for sure, i'm just giving it a couple minutes for people to roll in and then we'll get this uh.

This show on the road usually takes a few anyways uh and it saves uh repeating the same thing. A couple times: what's your metabolic rate, mine's 2300, you can measure your metabolic rate by oh, you mean calories. How many calories i eat a day. I don't measure it.

I really don't back. When i was running uh 100 miles a week, 100 to 110. I would eat between five and six thousand calories a day about that now i don't know my my day to day i'll. I typically start off with a bowl of oatmeal and it's got protein powder, uh peanut butter, cinnamon, stevia, uh, maple syrup and sea salt and i'll start off with that.

That's probably like six seven hundred calories uh, maybe get a box of mac and cheese, and that's like 1200 and a couple hot dogs glizzies might be an extra three four. I don't know like 20 300, a day 25 somewhere in there. Probably i i didn't. Do the math but uh? I would guess about that.

I couldn't tell you for sure baby, i'm wearing taco shorts. Today everybody curious uh got ta stay comfy got ta stay comfy. Are you hitting the gym uh doing doing push-ups every day, so that's about the closest it'll get. Probably this movement is bigger than one youtuber with less than three years in the stock market you people deserve to lose money.

Martin, you sound like you'd, be a lot of fun at parties. It's true! I don't have more than three years experience in the market. Do that what you want hell, yeah bro! I actually take pride in that. I take pride in the fact that i've only been in the market for a couple of years, and i know as much as i do so i'll take that to the bank and i'm going to drink out of my booby cup.

All right. I think we've waited long enough. Guys. Welcome back to the trader, show it's great to have you.

It's episode, 121 uh and today we have a couple different things: to discuss: sort of a slower day in the market and uh one thing: oh god, damn camera. Why do you freeze, like this hold on hold on hold on hold on hold on i'm getting it i'm getting it i'm getting it i'm getting it, i'm getting it! What the yo there we go! Bruh there. We go all right, uh, first things. First, one of the things that i wanted to address and talk about was uh the sec uh meeting that was supposed to take place today.

So yesterday there was a link on the the live cast that i was watching and you guys saw it too who's there. Girls in the chat there's a live cast uh that stated on june, 8th and 9th that the sec would be speaking well. I went back to that live cast link and nothing was happening. Uh all there was was a replay of the talk from yesterday.

So i don't know if that got cancelled or if that was misinformation uh, but nonetheless i did not see anything on a second uh sec talk. So i want to be able to talk about that. First, address that in case anybody out there was waiting for it and for additional information. I guess uh sort of the takeaway is.

The information you got is what we got until there's more that's uh stated so uh. There's that right off the bat today uh as you can see by the title of the live stream, we've got an increase in short interest and a drastically increasing cost. To borrow an amc. I'd like to talk about that talk about what's sort of taking place with uh the ticker right now we're gon na get into the spy the the broad market sort of the the state of the economy and really where we're at right.

Now, as i mentioned before, is channel training kind of boring, not fun to talk about uh, it's sort of like the like that, like the lettuce of your sandwich, you know when no one's like oh boy, i'm so glad, there's lettuce in my sandwich, it's it's just Like it's, the filler part you it's kind of there. It's there. You know you, you recognize it. This doesn't make your day.

You know it's not exciting. Uh we're gon na talk about that and then uh there's other tickers in the market. Right now that i've seen people talking about, i know brqs is one of them uh. I can briefly go over that.

All that i would mention is uh, be careful right. I've stated this before i'll say it again. If you are buying into tickers when they have run up that much uh, you have to admit one thing and it is zero late. And if you are late, uh there's inherently going to be more risk on the table and you won't be able to make as much money as you can see here.

Pull it back right now off of what appears to be some form of a bull trap set up. So just be careful. You made money here, cowabunga dude, i'm jacked for you uh, but that's that you also have cpi data coming out uh relatively soon and uh. We could probably talk about that, so let me come up to.

I think it's actually this. If i look up inflation rates, you'll see the website there. We go bang june 10th, which is tomorrow so tomorrow's inflation day, and i bet you money that we are having a pretty uh a pretty mild volume day across the market because of cpi data coming out tomorrow. So uh we can talk about sort of what that looks like i did see an article come out stating that uh people believe that inflation is going to be uh pretty bad.

For me, uh it'll be interesting to see how that kind of looks, but that's sort of the topics of discussion that i've got planned for uh for the day yeah. I don't look anything like pete davidson. What are you talking about? How the hell do? I look like this guy. What what the hell are you talking about? We don't even look remotely the same goofy, goofy mcgoober saying i look like pete davidson, you're hilarious, you're, funny all right, let's start off right off the bat by looking at the broad market.

So i i always like to start off with this and give you guys an idea of what we're kind of uh peeking at as things are going, the direction that they are. So if you look up at the uh the one hour candles on the spy uh, it has maintained this channel training that we have been in for quite some time now. What you witnessed is a break of this overall uh uptrend. I mentioned this is a pretty important uptrend.

Well, it broke this uh retested this in the after hours, slash, pre-market, uh and rejected off of it to to where we're at right now. So if i had to take a guess, a stab a gander, i think that you were going to witness a test of that 407 dollar bottom of the channel uh, which has been rejected off of over and over and over and over and over again uh. If it bounces off this, i would imagine that you're going to get a re-test at the top of this channel. It's not very attractive, it's not very fun.

It's not very sexy. It's very boring uh, and until you really get a break from this sort of channel trading uh, we can't really pick a direction in which way it's going to go uh. What we can say is now that it's broken this up trend right. You have a new downtrend sort of within this uh small channel.

This channel does look like a falling wedge. I will state that you look at this on the one hour. What you're going to see is what appears to be sort of just a pretty perfect falling wedge and typically off of these you'd get reversals. So i'd be more inclined to think that that's what you're going to get.

But if it breaks down here at this flat, top-ish setup uh, you can see some pressure down on that 407 mark where it could either a break down. And if it does, it's gon na be a heavy heavy heavy move which is gon na impact. The rest of the market uh or b it's going to bounce up, and i think we test this uh this 416 and you would know pretty much immediately if it uh if it doesn't bounce here right. If it tests that 407, it doesn't bounce.

You probably know which direction it's gon na go. It happens, uh pretty quick, pretty effortlessly. Look like beat kevin. Last week, your hair, i just combed it what's wrong with curling my hair.

Should i not have combed my you guys want me to look like my mom told me one day she said trey, it's okay! You always look like now, like thanks mom. I appreciate that i'm just trying not to look like today. I don't think there's anything wrong with that. I all right.

All i did was comb up. That's it uh, but that's that's sort of the uh the spot for the spine. Still channel trading, not sexy. It's the lettuce of a sandwich.

You know uh nothing really crazy happening here. On the day, it's been red, we're down 0.62. This is reflected across the market. You look at uh amc.

We are down about five percent. We can look at gamestop. Gamestop is down about six percent. You look at the the blue chips: microsoft slightly green, but obviously being held back tesla.

One of the very few that were green uh apple we could take a peek at apple, is red uh. You can look at nvidia. Nvidia is red, uh there's, there's. Definitely a small amount of pain, that's taking place within the market right now, uh and you're feeling it right, you're feeling that as it continues, this channel trading sort of uh uh thing that we're doing, and that is obviously impacting amy right now.

I've talked about this before i mentioned this uh we're gon na come talk about the amy chart here, really quick. This uptrend right here was broken and after the uptrend was broken. I i mentioned this. I said hey off this head and shoulders pattern.

We've got rocking right here, uh. I think i'm gon na drop some fibs and you're watching these different fib levels and as i've always liked to say uh the 618 and the 786 are amy's favorite things to get bounces off of. So what i'm watching for pretty carefully is the same sort of setup here, where you could get a bounce off this six one eight! Now the last time we got a bounce, it was off of uh the seven eight six right here - bang see that 11 65. It missed it by just uh a fraction and uh it bounced up right.

This is coming from if you drag it just a couple: pennies off uh trying to bounce off that 618 right now and you've got this downtrend. If i show you guys the five minute really quick on the intraday uh, we're gon na connect, some dots just like that false breakout right here. This could be considered a false break. We're gon na have to find out uh, but this looks a lot like a what it's, not a george w i'll give you a hint.

It's not a george w all right. What what is this uh? What does this look like? Fallen witch, bing, bing bing. You got a following, which set up right here and typically off of these you'd get a a some form of a bounce, a reversal uh, which we did get back here when it tested the six one. Eight bounce uh but rejected right tried bouncing off the six point.

Eight came back down and ultimately got ta bounce off that seven, eight six, it's not my goddamn birthday. Can we get over this huh? Can we stop with this birthday? Nonsense? It's not my birthday! It's not my birthday today is six nine okay, it is 69. The date is 69 and uh. Unfortunately, i will not be live for 4.

20. 60. 69. 420, but uh yeah six nights.

It's not my birthday. It's just not my not my freaking birthday. Trey started me on cracking actually adam. I don't know if that's a good or a bad thing, but you're welcome you're, very welcome uh zooming out, let's just zoom out a little bit.

Let's look at the daily. It's coming up guys, one of these days, you're gon na be right. All you need is another another uh 12 days, another 12 days and you guys will finally be right. So if that's worth anything to you, you know you can look forward to that.

I guess uh low volume day right, you're, looking at this so far on the day, you've got a total of. Is it even showing me volume where the hell is it? Oh there it is 50, no 24.92 million uh total volume, and this, i think, is a really uh, a big reflection of the market as a whole, being very legit skittish jittery about inflation data coming out tomorrow, and if inflation data is really bad, i think that You're going to see some obvious pain and if it's a surprise, a beat, even i think, even steven, i think, you're looking pretty good. So here's kind of how i would outline things this is really going to impact. I think, basically, everything amc gamestop, all this stuff, where's trey's girlfriend i'm single uh i've been single for a long time guys.

What do you think all right? So here's how i kind of imagined things, uh, stagnation or lower cpi, i think, is bullish. What would this look like? I would say anything less than eight point. I think it was three percent was the last one uh equals good. I think, if it's higher by point three to point five percent you'll see stocks go down, that's sort of the way that uh i'm imagining things now.

People are expecting it to to be high, and that may be why you're actually seeing a bit of a pullback. Today is uh, there have been warnings that inflation coming out was not going to be good tomorrow. So if it's a surprise and people are expecting like a new, a new uh 40 year high or whatever it may be like 8.9 or 9.1, and it actually beats that well, i think you're gon na see a pretty drastic bounce to the upside. So uh, that's sort of my expectation.

I think that there's there's a little bit of fear being priced into the market today. I think that is influencing sort of this channel trading and the the red that we're seeing at 0.60 percent to the downside and uh. If you stagnate or you, you have lower inflation. I think you're gon na watch a pretty explosive move and that could actually trigger sort of the end of this channel training that we have been in for quite some time.

So that's what i'm watching for that's what you guys have to look forward to uh. I will do my best to sort of analyze inflation and give you guys an idea of what i uh, what i think, but ultimately uh. Sometimes i'm right. Sometimes i'm wrong.

Who knows man i'll take my best stab at it? Happy birthday, i don't want a haircut glenn, i'm growing my hair out. Look, look, look, look, look! Look! I'm gon na take a poll, all right, calm, hair or don't now you guys answer honest all right. I just wanted to look decent all right, people always say trey. You look like dark.

You look tired. You got bags in your eyes, your hair's. Always up there. You go.

You look like a lesbian. Well, i'm a man, so that doesn't really make much sense. But thanks brett thanks for spamming that in chat also, i really appreciate it. Oh, this is sort of controversial 60 of you so far say coleman 40, uh 40 say don't.

I didn't think it was gon na. Be that close to be honest, dang there you have it there, you have it. Ah there we go, you make pete davidson, look healthy! Oh! That is such a great compliment that put a smile on my face. Man, congratulations! Hell! Yeah! It really really did make me smile that was solid.

That was solid, uh. Here's the data right, let's check this out, people were asking about gamestop. I haven't looked at that yet today, i'm going to be honest. What you got here is a an increase on the day right.

The total borrowed change of about 4.76 million, not really significant in the grand scheme of things, is the day by day, not really, but the uptrend is, and the uptrend here is showing a very significant increase in a couple different things, one of them being short of Interest, the other being costs to borrow now check this out and tell me what this looks like some absolutely parabolic costs to borrow the cost of borrowing this going up. So quick is absolutely huge, dude, absolutely massive uh this this is. This is the pressure that we, we really need. Uh and we've got it.

We finally got it, which is huge, so uh, big bigly. I mean this is huge, it's what the cost of borrow's doing, and what i'd like to highlight when i, when i mention this, is it puts pressure on on shorts, and i've mentioned this a million times, but in case you don't know, uh that pressure on short Positions comes from having to pay an accrued interest rate day by day by day by day by day, and that cost bar going up does exactly that. It uh. It is an attempt to essentially weed out uh people who are holding a high risk uh position right where i thought i just saw something, or was that, oh i'm sorry, titan bros you wan na uh drop a don't drop drop.

What you mentioned, i didn't see it. My apologies, i was going on my rant. I was like to start off the stream with the things that i wanted to talk about, yeah. If you bring it up i'll uh i'll, go over it, man for sure that was our game stop eh game.

Stop people are mentioning uh, something interesting, they're saying that short interest is going down. While price is going down, wow huh i mean what this could be. Quite simply put is sort of a a delayed uh. You guys know about the t2 settlement cycle right.

Does the increase in cost of bar only apply to new shares lent out, or does it also impact shares that were lent out before the cost, to borrow increase? Uh from my understanding, er, you can think of it like this right. I think it would depend on whether or not you have a fixed rate or a flexible rate. So when you get a mortgage right, there's there's a couple different ways that you can look at a mortgage. You've got like the uh uh you've got a fixed apr and you've got a flexible apr.

So your your uh percentage that you're gon na have to pay for a loan can go up and down and up and down and up and down, depending on sort of the the loan that you get. I would imagine that the same thing can be said about the stock market, but to be truthful. I i don't have an answer for that. Does anybody in chat have a resource or a link to something that would say uh one way or the other my opinion? I would think that it can go both ways just based on the rest of the financial system and how the housing market works, which is uh.

You know they are flexible and they are fixed. I think you can see both they can go both ways uh, but nonetheless this is interesting. I think the big thing here, and the only thing that can really rationalize, is uh that gamestop short covering could have taken place on this move, some at the very least and you're getting sort of that delayed uh settlement cycle here by seeing that 10 percent uh Decrease in a 1.88 million borrowed change, that's likely uh. It's either that or b well ortex could have been fed data that was incorrect.

Uh, some people will play more text, they'll, say: uh, trey, trey, uh ortex isn't a valuable source because they they they can like lie and manipulate, and this and that when, in reality, ortex's job quite simply put is just to report what they're given uh and if They're, given improper information or or wrong information, they can't really fix that they can only report what uh what they like variable rate trade. Do i have to try scared, not my nutsac, really carrying his weight here. Man. That's that's incredible! That's some solid stuff! Hell! Yeah! Dude hell yeah, the exchange update came out today, yup that'd probably be it.

Then that would be my guess. I would imagine that uh you got an update to the overall data and uh. It reflected in the updated short interest. So uh there you have it.

You know just got a decrease based on estimation versus uh reality. That's my guess. Thoughts on bros bros, high short interest costs to borrow and on the threshold list. Bros it looks primed.

If it has a catalyst it it would need a catalyst. I haven't looked at the chart yet, but 623 is not my birthday. Let's, let's go over this one more time. Let me state it is not my birthday all right.

It's not my birthday uh! You guys be proud to know that i'm drinking water - i haven't had coffee today, all right, um, it's sort of rising on uh falling volume, which i'm not typically a fan of. I think what you'd be looking for. Let me draw this up on an hour all right bounce as many touch points as you can get. I think if it breaks up here, you're gon na have a nice move, could see it move pretty dang quickly to the upside and that's what i've been watching for for sure gon na be it could be solid.

It is uh sort of sitting at about 53 on the rsi. It has moved a pretty good amount. I wouldn't be long unless it broke this falling line, though following resistance, but the short injuries look solid for sure for sure dave dave. It's not my damn birthday.

You're early in honor of amy running, hey thanks, bro we're red right now, so i don't know i'm not sure what you're what you're referring to. But i appreciate that nonetheless, thank you. Thoughts on amc being added to the russell 1000. So get this, a lot of people were excited when amc was added to etfs uh in the past, when amc and gamestop ran at etfs, people thought yes we're out of the etfs.

There's gon na be more buying. We're gon na go to the moon right, but hold up what actually happened when amc and gamestop were added to etfs. There became a new way to essentially what i would call launder money into a ticker to push it either up or down uh. Since amc and gamestop have been pushed into the etfs, i personally believe it is controlled far greater by institutions than by retail.

If you were to ask me between january and june, what moved the price, i would tell you the same thing now as i would back. Then, primarily retail orders. I actually think that i think that institutions and and algorithms are a piece of it - don't get me wrong, but once it was added to that etf, that is when the game changed. When it was added to that etf, you started to see the shift and flow of money and the way that that stock trades and moves start to really sort of mimic the broad market.

Well, what moves the broad market? Robots man? So if you want my opinion, i think if you took amc out of that etf, you took amc out of every etf. You would probably see better overall performance and more more uh favorable price action, less one-sided price action. That's my opinion, dave dave! What the hell is this bro you're wild? It will just wait and see happy birthday. I appreciate that man, it's still not my birthday, but you're one funny ass chicken i'll tell you that damn i all right uh, if you're looking at amy real, quick, we're gon na show you one more thing, one more trend line.

You do still have this trend line that is uh rising right here, bop bop, and if it was to come down and test again that would actually line up decently close. It depends on how many days it took, but it would line up decently close with uh. The 100 retracement mark, so if it was to take this long, it'd, probably about twelve dollars and eight cents right now we're trading at 12.79 uh. I think this is probably gon na bounce at the six one, eight or seven, eight six, unless spy die if spy die, everything die and it's just not gon na be uh, not gon na be a great situation, so uh we're gon na have to watch that Am i jewish? No i'm irish uh.

I always tell people that i'm half irish and half uh trail mix because i've got six million other things that uh that i have in my in my dna or whatever. But i've got a good chunk of irish in me. I'm like 132nd native american uh a whole bunch of other stuff, but that's mostly what i am spy no die. If spy don't die, it's gon na have to bounce off this falling wedge.

That's what it's gon na take imo yep thoughts on sundial, i'm super bullish and want to hear your thoughts uh. I don't think you want my opinion. I'm gon na be honest with you. I just i don't think you want my opinion on sundial.

This is the lines that i've got drawn uh. I think you got a break here in here and you can see nice moves, that's what i would be watching for in particular, but i i genuinely don't think you want uh. You want my opinion. So dan says we are: you are family now broski family, damn well.

I've always wanted. I've always wanted a brother named dan or a son named dan. Oh you've made my whole day son. You made my whole day, hell yeah bro.

Thank you so much yeah, but but to come back to the etf's point right. I talked about this before uh. I think that etfs did not do much good for uh for amc or gamestop. I think that it is a tool.

It is a mechanism to add uh, more control to sort of the algorithm uh narrative. That's really been pitched and ran with for quite some time so uh you asked me: how do i feel about amc being added to an etf, and i tell you uh, it's just gon na look the exact same. It's gon na be institutions. It's gon na be algorithms moving a stock based on the broad market and it'll deviate from that when the market's green.

In my opinion, i think that's what it is yep your birthday is the 21st right like the first day of summer spot all the money you got it yup june 21 is the day i i was born 1997.. 97 baby. How do you know if it's hit the bottom of a head and shoulder pattern? Uh, it always depends right. It depends on.

I just watch fib levels. So if you were to take a fib here, you can see that it's attempting to bounce off of specific points like the 618 or the 786. These these separate points are sort of uh. Just just i.

I watch specific support, resistance levels and uh lines on a chart. Uh, it's tough to know. Sometimes you get a small retracement. Sometimes it's just a couple candles uh downside on a head and shoulders pattern, and sometimes it's a lot.

It's really just dependent, so uh yeah uh. I just had oatmeal got ta, be honest. I feel like i'm gon na poop, my pants, so i'm gon na go to the bathroom real quick hold on that came out of nowhere. I'm sorry one! Second! You you you! You you um, ah sorry, i had to pull now.

I feel good yeah. I had oatmeal what's wrong with oatmeal i had to what's wrong with that. I go to the bathroom yeah, i'm alive. She uh she ripped out of me.

Dang woo. All right got that out of the way uh anywho a couple of people mentioned, b, r q s and i think uh an important thing to talk about when you look at a ticker like this is uh inherent risk involved, ooh. Ah, it's about what i see happening, volume's pulling back if it completes that pattern, that's about what i would imagine tap on that blue line and probably a push down. It's not stop with this birthday nonsense.

It's not my birthday every damn day, all right! That was my opinion on sundial, that might i i just i'm not a fan of sundial, it's not for me uh. I think that if you want to invest in marijuana companies uh there are some out there likely it's, not a sector that i'm in personally uh. I i just think that sundial speaks for itself a little bit. You know, and i don't think that it's going to benefit from the legalization of uh cannabis at a federal level, the united states, like people, think it will dds.

Ah it doesn't look bad. I mean it looks it's around a nice uptrend. It's been bullish for a minute kind of slow growth, but uh i mean really. What you got here is rising support.

Here's a channel sort of bounces back and forth between those you've got a secondary channel and uh sort of just the momentum level right here. That's what you got yeah rejection off here. I expect it to come down to about 284 - probably bounce back up. It's about the way that it goes from the looks of it man, i've got so many random ass lines on here, drop your toilet, a present on your b day yeah.

I end up wishing him a happy birthday. You know. Sometimes sometimes you just got ta, go up to your toilet and say who's, a big boy, who's, the big birthday toilet boy. That's me, you got your gift.

Congratulations! You get to celebrate with me, yeah! That's the that's the way she goes baby, uh, gh right now. Amy is uh trying to find a bottom off of the daily levels about 950.. I think from an economic perspective, you will continue to see amy run up if the spy uh goes green tomorrow. I think that cpi data is going to be really big and if cpi data is good, then uh you'll you'll, see everything in this market go through a pretty nasty push.

I think if it's bad and what i consider to be bad is a new 40-year, high or 45-year high, then you'll see downside across the market that'll reflect into amy. That's my uh, my personal opinion uh, but it depends on that right. If, if, if cpi comes out tomorrow and you look decent uh, i think you'll see green if you'll see continued movement to the upside. If you look at the uh the candles right now, it is attempting to get a push, a push up right, but it's being held back quite frankly by a shaky market uh.

So that's that's what we got. You know it's channel trading to some extent, uh back and forth, and back and forth between sort of these levels right now flat top at about 14 bucks uh flat out at about 10 30. and to push you up here. You look pretty good.

Titan come to the camera. Oh, i didn't get my haircut inception. It's uh, i just combed it. That's all i'll bring tight.

Now quick hold on, i think he's sleeping! Oh, you are sleepy huh, hey sleepy boy. He was being an the entire morning and now he's. Finally, being good, it's about dang time, a little jerk, a little jerk off. Why are you so mean all the time? And then nice, nice now huh make me seem crazy, good boy, all right there you go there.

He is! Oh, you always want to be on. My desk, now i get it you just want to be on my desk. He just wanted the cookie in my pocket. I was looking for a sympathy play for redbox and i found vrm.

What's your thoughts on vrm and ortex on it? Ah, i can pull up the vortex down and look at the chart hold on 37 percent. Casa bar is low though, and that takes away pressure wants you to know. Utilization 100 shares on loan about the same uh. It's got a lot of short interest.

It needs a little more pressure, though i think you need a higher cost to borrow for this thing to move, and you also need a catalyst. You cannot get uh sure. Sometimes stocks just have high short interest because they're not in a good shoe. You know i'm not saying that about vrm, i don't know anything about it, but what vrm would need is a catalyst uh to get this thing moving.

I don't know if it has one yet the the volume is starting to pick up higher volume, but it is also pushing down pretty bad. I mean it's at a buck 18 and it's been as high as 80 back in uh september of 2020. It's really only ever gone down, so what you need as a catalyst uh, the short interest is there, but this looks like they're just shorting a company. That's that's not doing well.

I couldn't tell you much other than that, because i really don't know what they do. You know vroom incorporated specialty stores, yeah uh. If you know, if a catalyst coming up that it would push it to the upside, it looks like you could squeeze out some shorts yeah. What was the support? Yeah i'll show you uh 407, in my opinion, check us out.

We come back to here and i'll show you the hourly. It's doing it right now. This is make or break. In my opinion, you look at this on the 15 and uh.

It is testing out that uh demand zone and if it doesn't hold that demand zone, i think you see it pushed to the downside. At least today you could see tomorrow if inflation data is good, that it comes back up off this channel but uh. It could also do the opposite if inflation's really bad. It's just gon na strengthen the move to the downside.

So uh it's got ta bounce here, it's got ta! Do it. If it doesn't bounce here, you've got some pain ahead for sure all right get off. This buddy get down no down there, you go yep there you go quick update on amy, did break this uh this falling wedge setup coming off of that it is coming down to test the top of the wedge and if the spy follows through with some sort Of a a bounce here off of that uh demand zone, you could see a pretty violent move back up to this fib level right here at the point, five uh. If you get the follow through on the spy, if i pull the spy back up, it is in that demand zone right now, uh and it's got.

It's got ta bounce there. It's got ta, do it. It broke down beneath this flat top and if it doesn't bounce here, there's a lot of downside, because this uh this demand zone has been holding up real strong, it's gon na be either an explosive move down or it's gon na be an explosive move up off The bounce, ah, it's got ta pick a direction right now, it's trying! So that's what you're watching for. I cannot believe that the comb here or don't has an even steven split.

50. 50. That's actually crazy 1410 votes and you guys are literally dead, even on which you prefer that's wild, all right end of the poll but she's trying red box. Honestly, it's trying to hold up actually pretty well to me, this looks like a like a bull flag, falling resistance, falling uh support.

I would expect eventually for it to break up tbh. This is the line uh. I would enjoy being long over a break here. These are 15 minute candles break there.

I think you got a good amount of move uh movement up. I don't get! Why bald guys comb their hair all right, so the joke is. Whenever i put on my headphones people think that i've got a bald spot, because the way that my hair parts right here you can see it, you can make fun of it. Do whatever you want to do all right.

The joke's there have fun go crazy, get crazy, get wild, jimmy neutron, look hey jimmy neutron man, so i'll! Take it i'll! Take that all day straight to the bank, what's up sams good to see you dude yo, what's up dippy, what's up varun, what's up with zom, ah zometica zometica is at 26 cents, doesn't look particularly great. Had a nice move during the crazy, crazy small cap boom that we had for quite some time all the way up to 296 from a bottom of six cents. That is such an insane move. I mean if you think, back guys how many of you drop a girl in the chat if you've thought about this, how many of you are just mind blown that this even happened like it feels so long ago.

It feels ancient feels like it almost didn't. You know all these small mid cap companies that went through such crazy moves, we've just seen so much pain and the small mid cap market for so long that it almost feels like it never happened in the first place. It's just crazy excuse me ah, but zom zom. However, you want to pronounce it that's resistance, pull it up.

It's the hair, falling channel, it's respecting both these trend lines pretty well. I would personally think that it goes like this as it has for some time. That's sort of the overall pattern: that's what you're watching boom boom boom boom yep there you go and that looks like a rejection candle. If i'd ever seen, one jeremy, it is me son, i've missed you, i'm sorry! I didn't come back from getting you milk.

He said daddy is that you i i i went to get milk and i ended up instead of getting a lifetime supply of cigarettes, so i am pp, still moving oil's actually red today too, so it's impressive. This is honestly. This looks a little bit like a bull trap and if cpi data comes out tomorrow and is good, that is going to certainly be a bold trap because typically oil is inverse to the market. The market's doing phenomenal oil typically is not doing as good.

So, ah, we'll see, i would imagine that this probably pulls back heading into tomorrow. That looks like uh. It looks, looks like a little bit of volume, exhaustion high volume, large stopping tail resistance line here. The thing the most bullish part of this is that the volume is there volume is there on this move, so that could indicate uh some more upside, but especially if inflation comes out tomorrow and it's it's an improvement or stagnation uh, i i think you you likely Are going to see a retracement of sorts watch for, in my opinion, the uh point, five six one eight is a pretty standard levels.

You just draw them out. You know hash! Mark cash. Mark hash, mark hash, mark watch for a bounce. Let's check out the spy.

She want to get that bounce or not. 407 49 she's struggling, oh man, she's struggling, hey, come on now come on now. Give us a break. Bounce up.

Baby does not look like there's a lot of strength in buyers. Today. Russia, sanctions and fuel crisis in europe. Lol trade, please stop.

We can talk about economic events all day long right, but we can also notice and admit to the fact that sometimes economic events do not mean that a day-to-day hour to hour minute to minute price action is not going to be indicative of what happens right. You're not always going to see economic events every minute of every day of every chart be reflected. Sometimes things go through cool off periods. You can say that hey for this period of time, we're bullish on oil while in a short period of time a day.

Two days three days admitting hey, there can be a pullback and to admit otherwise. Uh is being goofy. You know that's like saying: uh, hey, i'm bullish on tesla and because tesla had uh beautiful earnings like let's go back to last quarter. Oh, they had such a great quarter of the earnings.

They can only go up. That's obviously wrong because it has. It has also gone down. You know, uh stock market doesn't work that way.

That's a goofy opinion don't agree odie. This could be true right. Biden. Sanctions helped russia they make over a billion a day off oil.

Oh i i won't. I won't get into what i think of biden, but it's not important. I'm gon na grab some more water. Quick, where did i put the lid? Oh cost of borrow is how much uh 30 last.

I checked i'll, pull it back up again. There you go thirty point one one baby, i'm all out of diet. Colby! I got ta go to the store, that's why i'm drinking water in the first place. Otherwise, i'd be drinking uh, the coke, but i don't know i guess it gives me incentive to to drink a little less of that.

I guess yep. Oh man, the spiders does not want to do it. This looks really weak spy break down here and it's gon na be some pain, got ta bounce off this demand zone. This shop right here is really really gon na be important.

Coming into the next day. Last time i had subway yesterday actually yesterday my dinner was uh a foot, long steak and cheese pepper jack. I added pepperoni to it lettuce, tomato pickles, parmesan, oregano, uh and baja sauce, which was previously the chipotle whatever the sauce. They had thoughts on intc and other chip stocks.

Nvidia is down almost 40 from highs by the dip. Ah, if you're, a long-term investor i think dollar cost averaging is uh is a solid strategy. I'm not here to tell you why i'm not here to tell you to sell right. You got to make that decision on your own uh.

If you're a trader, it's an entirely different market. You know i can't make that decision for you. It meant this broke this falling wedge. I talked about this for a while uh when it broke the falling wedge.

I wanted to tap on the uh 0.5 retrace machine man. Trey. I've lost a lot of respect for you. For obvious reasons.

You haven't done a donut review in ages, maybe mackie cheese. Should we do a mac review? One of these days i got ta also get more mac and cheese. I'm out uh. I do have hot dogs in the fridge we could.

We could do a glizzy review. Huh do a glizzy review. I'm sorry! I haven't done a donut interview in a while. I got ta go get some for sure, definitely, definitely definitely but uh.

It looks like it's rejecting off of this uh, this fib level that it looks a little bit bearish. What it's going to take imo, i mean this is channel trading. You can see sort of a channel here channel here what it takes and what it's going to take is good cpi. I mean you get good cpi tomorrow, you're going to see a nice move up, but long term, i'm bullish on nvidia.

I don't think nvidia is going anywhere until something bigger and better comes out to sort of uh uh dethrone this company. I don't see how they're just gon na die. You know, i think they're gon na recover and get get back. Some of those previous highs duck.

Donuts dude i've actually had duck. Donuts has anyone a chat ever had duck. Donuts drop an f uh or that's a twitch thing. My bad drop a gorilla if you've had uh uh duck donuts, what's up chemistry, bro yeah, but i've been watching here break underneath this channel move down break uh up above this channel move up long-term investing.

I i would personally say that a video is going to keep going up. That's this is a pretty standard blue chip stock they're going to keep growing they're going to keep getting better tech's just kind of getting hit really hard right now. So when you're looking at uh the state of everything you know, tech has taken, the majority of the beat down you think duck. Donuts is trash.

Huh see. That's that's uh, that's surprising! To me. I i think duck donuts is decent. You know some of the best experiences i've ever had in life and i wanted to share this.

Uh has has legitimately been eating donuts. I can think back, there's uh. Let me see if i can find this video. Actually i'm curious.

Now i actually have a a donut review: uh super saiyan main train. I don't know what the it was: yeah 4 000 plus calorie doughnut destruction. This was a youtube channel that i had back in college. That was a great ass donut.

Oh, that was so good. Look at all that nutella, some of the best days ever eaten donuts man, not bad, not too shab. I can't believe i got three and a half thousand views. To be honest, that's surprising! I edited this whole video, though way back in the day.

My camera is blurry, terrible, terrible, oh and the spy's doing it yep, that's, not good yep. That's the breakdown, that's the breakdown! That's gon na reflect pain and everything. Man short term. That's pain, spy die f's in the chat for spy man.

That's rough f's in the chat for spy. That is the break of the channel. Could change coming in tomorrow, but uh doesn't doesn't look good, doesn't look good forced push with fake money by the greediest citizens in this country? You know i saw an article come out from unusual whales and i actually have a video coming out today. Talking about this but uh the title of the article was so stupid.

It was literally uh. Maybe there wouldn't be a recession if you weren't so grumpy uh. What was that? What was the uh recession? Grumpy news, i'm pretty sure that whales tweeted it out? Ah, i can't remember, but there was an article that was essentially saying the recession wouldn't happen. If you guys weren't such poor sports, it's the stupidest thing.

I've ever seen. Nah, it wasn't market watch, it was uh something else i literally just talked about it today, but i can't remember the the website that had it i'll go to the news tab, maybe that'll help me out more: no, no, no, no! No! No! No! No! No! No! No, no, no, no! No huh! I don't know it'll come out later today, but the article was uh. Basically just saying hey, it's your fault that the recession's happening, because you think a recession is going to happen. I'm going to save my thoughts.

You want to see my thoughts on that go check out. Uh now unusual wheels just showed the article that was it brett jacobs. You got to come up with a better insult than calling me a lesbian. I get i get a lot worse thrown at me.

Every single day uh, you got to do a little better. A little better come on now come on now, baby wow. This is legit spy die huh, pretty dog does not look good. This looks pretty bad and i'm assuming this translates to everything yeah.

That makes me think of that drake song say that you, a lesbian girl, me too, hey girls want girls where i'm from oh yeah, yeah girls, one girl, i'm from now on you're my favorite thanks joseph. I appreciate that yeah spy puts goldberg huh, pretty big breakdown. Man that breakdown is, i mean just as clean as it gets pretty much square on the nose of that line too, that channel man so important so important. That is like a two week, long channel that it's breaking right now, big move down, probably coming off that i would imagine i'm from toronto and quite honestly, drake sucks says lawrence.

We don't need that kind of negative talk here. You get a timeout, we don't listen to that negative talk. Listen, listen! Listen! You say anything bad about drake! Ever it's out of here now yeah! Oh man, i'm kidding, i'm kidding, i'm kidding uh who's, better draker bieber. What kind of question is that who's? Better draker bieber yeah, he might have a ghost writer he could, even if he does, his songs are still good.

You know i can. I can like his music and say hey. I think his music is good. Uh, you know, what's crazy is is, is uh, drake is like the reverse, will smith's because will smith uh started rapping and then got into acting, but drake got into acting and then got into rapping it's like backwards like inverse charts.

You know, do i have a date today? No, i just wanted to comb my hair. What's wrong with comb, my hair, i don't understand yep. The spy dye is just not gon na, not gon na help us out here you just you are witnessing some maximum pain right now, that's pretty brutal! Ah i'm watching for about 404.57 now that it's broken down you've got sort of safe haven at 404.57. That is rough when recover spiders broke a really really really big support line.

That's a massive ass support line, who's playing spy puts right now off of this breakdown, huh spy die amy up, no disagreed. It's getting a little bit of a move here on a five minute right, but this is uh the grand scheme of things right. We got ta look at the big picture here. The overall move is being mirrored what the hell is going on with my obs.

Are you guys getting lag false break? That's not a false break. That is a very legitimate breakdown you this is. This is as real of a breakdown as they come man. That's a very, very, very legitimate breakdown.

Yeah. I can see the lag huh hold on a sec. I got ta, let my obs catch up. Let my obs catch up one second, i know i know how do i get him to read a comment.

Noel. I've read your comments. You said some disrespectful that probably hurt people's feelings, so i didn't read it out loud. What are your thoughts on amazon? Is it a buy long term? I'd.

Imagine i don't think, there's a more powerful company than amazon, but this is a value stock versus a growth stock. I just wouldn't expect uh as much growth out of amazon compared to other things. You know bro come on obs come on now, i'm back on that dial up hotel internet. Actually, i think i think my internet at the hotel was better than my internet here.

What do you guys think about that f's f moment: better uh, better hotel internet than than apartment internet, that seemed fair to say, spy next support level yeah, but but coming back to it anyways. I think that amazon long term is going to continue to do this. It'll continue to grow. It'll continue to be a value stock.

I don't think that'll change spy next support level. Blue line, steve thanks for the dollar baby, appreciate that we were watching trey in the past. Hell yeah bro, nah, dude, listen, listen, i've got the best internet known to any man that uh runs dial up. Okay, it doesn't get any better.

My dial up internet is as fast as they come. The fact that i can even stream on dial up is massive. Absolutely yeah explain: what's going on real small cap, wondering what is causing it to take off uh, it's a petroleum stock imperial petroleum and oil has been going through. Some really nice moves.

So if you're looking at oil on the one day, you see this. If you look at imp, it's moving off of oil, in my opinion, that's what makes the most rational sense spy continue to move down more pain, watching blue line 404.50 checking amy. Let's see how she's hanging honestly holding up pretty strong. I wonder if iwm is keeping a little more strength in its sails iwm down about 1.73 spy down 1.43, so i guess it's just amy holding on really nice.

Actually. This is really really really impressive down six percent on the day, gamestop down, presently seven, eight percent. On the day i mean they're down a pretty good chunk, no cap, obviously but uh, compared to this huge, huge breakdown that the spy is getting right now. This is a pretty decent amount of strength.

Yo jay brown in the house welcome jay brown. It's good to see you man, thanks for stopping well just didn't form that other shoulder just broke down there. You have it brqs pain, big pain. Does titan no roaring kitty.