What's up youtube, how are we doing baby? It's your boy, trey back again in the house, it's great to see you we're gon na wait a couple minutes for people to roll back into the chat uh just so we can get things rocking jimbo! It's good to see you, man, uh i'll, talk to you guys about what uh, what what i think of the market right now in the the spy and all this sort of stuff and how it applies to different things, but we'll walk through it. We'll walk you through we'll walk you through it all right, one of the things that i always do on twitch, believe it or not all the caffeine that i've had today so far, and i've been up since about 6, 30 or 7. This morning, all the caffeine that i've had this morning has been one diet: coke, that's it so we're having our first little uh blast. Stop you know, give me one sec, i'm also gon na get a glass of water.

I got ta, even it out. I got ta eat it out: small small one, i'm trying to turn over a new leaf new leaf there. We go waiting for people to roll in the chat and then we'll get you guys walking through uh the things that we've got going for the day snooker. It's good to see you man, unknown good, to see you bro yeah and i know i know it's wild jimbo hold on hold on hold on jimbo me boy.

If i, if i, if i go off my tangent now uh well, while i wait for people to roll it, i'm just gon na have to say it five times. That's better! It's the wait! Oh wait! We got ta wait a couple minutes for people to roll in the chat, uh update on me for the day been very productive. I woke up nice and early. I took a good uh good number, two, which was phenomenal.

It's always great to get a good uh. It's a good bathroom break out of the way drop, some gorillas in the chat as you're as you're popping in it's great. To have you great to be here uh, you are back with the traders podcast baby today we're gon na be watching over uh the spy. We got ta talk about the sec uh, releasing just an absolute show of a video uh.

I put out a little piece on it earlier today and we can uh sort of discuss this and anything that you uh you kind of wan na talk about. Regarding that piece, we're going to go over the amy's amy's, the amc chart over the spy chart we're going to talk about quantitative tightening, because that is a big piece of why uh the market is slightly red. Today, it is read about point seven percent for the spy uh amc is down a a decent chunk. Alongside that, we got ta talk about all these things, because it does sort of impact uh.

The way that we are gon na be looking at the next couple of frankly years, i think quantitative tightening is going to have an impact for a prolonged period of time. I don't want to talk about that uh, so so there's that little piece for you uh the sec and gg man gg had such a nice meeting. You know good game, good game, good game ggs. I always used to love that and now anytime, that i see gg, i just think of gary gensler and uh and just sort of the irresponsibility that's taken place with uh some of the decisions they've made like really what makes me the most mad guys.

No joke is uh, just the fact that it feels like they're looking over purposely all the things that were screaming from the freaking rooftops. You know, like it's very obvious, they're paying attention to us. They had this video come out yesterday and had the ball sack the audacity to turn off the comments. All right, i i get it okay, i have had bad takes.

I put out videos where i'm like you know. I think this makes sense and then the entire comment section is like dumb stupid. You suck go your mom, i'm gon na, find you i'm gon na i'm gon na, take your cat and put them in a shelter and all this crazy stuff and everything's just rattling down in the comment section. You know what i'll leave my comments on, because sometimes you're wrong, and sometimes people just got to tell you you're stupid.

Well, the sec turned their comments off because they knew ahead of time that what they were saying is stupid. So it's just it's a little bit demeaning. It's a demeaning situation to be in and uh. What do you do you talk about it? You know, so i made my video on it.

Uh. I think it's it's uh, it's a frustrating situation and, frankly, let's just drop an f in the chat for the sec, because those guys must be dead. I don't know, i don't know what the heck is going on with them. They uh they.

They don't have much going on gamestop wallet and loop ring. Is this a catalyst diamond dave? What's up dude uh, i'm gon na dive into to more of this stuff as we continue on, but uh people have been talking a lot about june, 3rd and uh. You know gamestop earnings and all the different things that are coming up, and i come back to the same thing that i've said for quite some time and that is that any bear market uh everything is going to get swept by fear before any fundamentals, uh whatsoever. So we're gon na discuss uh, sort of the state of quantitative tightening the state of the economy, and why all these things uh matter? They all matter man, one day they will steal from the wrong person.

Pj mallory, maybe they put the but the people that that have been stolen from for the last decade. Two decades. Three decades have been you you know like. If you look back and you reflect on every single financial crisis, that's existed, uh.

How, in the in the end, has it affected the top and how, in the end, has it affected the bottom right? So if you were to think about uh the real benefit, the the benefiters of uh, 2008 or perhaps 2020 21 22 - and you look back on inflation right. Well, inflation didn't really impact the top one percent. If anything, the top one percent got a little bit richer versus the lower and middle-class americans, the people sort of uh that are just to them. Bottom feeders.

I've had to pay more for gas. I've had to pay more for all these different things: uh basic common expenses and now we're going through quantitative tightening you're going through sort of the process of the fed realizing. Oh, i guess the money printer going burn doesn't work forever. We got to deal with some problems.

Well, how is it going to happen? Well, banks are going to have to deal with some problems, which means they're going to have to raise rates to make money off of you, because they don't want to pum. You know pump it out of their own pockets, so it is what it is vic thanks for the membership bro budget of that infomercial could have bought some decent, oh dude dude. Can i tweet that? Can i tweet that please, please tell me, tell me, tell me tell me i wan na that's so funny, that's hilarious! Somebody just commented in the chat they said budget of that commercial could have bought some nice coffee, oh man, oh man, that made me chuckle pretty good. That made me chuckle, pretty good hell, yeah, i'm tweeting this out! Hey here, you go! This is some funny stuff! Sniped from chat f's in the chat cause - i'm not original enough to do that on my own.

The budget for the sex video could have bought them a lot of coffee. That's some funny stuff. I hope somebody else laughs at that. The way that i got to that was some funny that made me laugh pretty good.

Oh man, good stuff. All right, we have been uh live for about eight minutes. We got 2600 people in chat. The the curve is starting to flatten out a little bit.

So we will get started with what i'd like to start off with here today. If you're new to the traders podcast welcome it's great to have you i'm a very straightforward guy, we usually start off the show by uh going over some different news. That's that's out! We look at charts, i primarily focus on amc, uh, gamestop uh. I better not say that backup or the gamestop people are gon na come after me, but i do look at gamestop's chart and the data as well uh and any tickers that you guys like to look over today.

The game plan is quite simple: the topic of discussion is quantitative. Tightening. This is a big thing that uh it's kind of a bunch of buzzwords. I've got a video that's coming out on this at 3 p.m, central standard time, which is conveniently right after this live stream end.

So if you want an in-depth sort of analysis on uh, the state of quantitative tightening and what it actually means and what it'll do to the economy, you can check that out after but i'll give you a run through right now as well. So we're starting off with that. Another thing is the spine, the s p, 500 and a level that it is touched uh. I talked about this briefly uh not too long ago.

So if you come to my profile on twitter uh shameless plug by the way, if, if i don't get to a million followers in the next five minutes, i am gon na i'm gon na have to cry okay, it's gon na be gon na. Make me really sad uh i tweeted this out and i got ta find it quick, but it was talking about my expectation of what will come with the s p 500, and it is right here uh. What have to say, though, i don't think the bear market is done spied to me, rejects at the daily three six fib at about 418 bucks plus or minus a dollar to continue a re-test downtrend feels it looks similar to prior bear market rallies, keep trading lightly. In this forest, take it day by day and bring the rain boots well, uh the quantitative tightening starting to get priced in is honestly the most composite man thing ever and by the way, if you guys know composite dave, do me a favor uh find find dave.

Dave, where is he? Do you leave? Oh him, there we go. I spelled it wrong. Dave mourinho, go, find uh, go, find dave, mourinho and show him some love. I think he's going through a hard time right now.

It looks like he may have deactivated his twitter, but if you get a spare moment, uh try to find him on youtube and just leave a comment knowing uh letting him know that you uh you're, you know you're you're in this corner. I think that's important, but nonetheless quantitative, tightening and something that dave would would preach. Uh to high heavens and beyond, is that composite man is sort of a real thing and quantitative tightening is the narrative to me that has allowed for this 236 uh rejection and about 418 bucks that i talked about ahead of time. If you come back to twitter and look at this, this was tweeted on may 27th.

If you look at the actual chart itself - and we come back to may 27th, what does that actually look like right, we'd be about here uh, which was on this solid ass day? I mean we had a really really solid green day. Up 2.45 percent hang just beneath this uh, this overall 236 retracement and it hasn't quite tapped it and that plus or minus a dollar is there uh. But if this is a true rejection off that 236 sort of like i've imagined for a while, i think that this quantitative tightening is going to be a reason behind why you would watch uh the spy sort of take a pullback uh. If you were to think about things and i'll put this in the most simple context possible, uh, there's there's really one really important thing to think about.

When you want to see things, move uh upwards, let's just use amc as an example right. So i'm going to draw an amc right now, i'm going to draw this out the most simple way possible amc to me. There is one thing that is required to get the ball rolling because you've got the ammunition right. I've talked about this example many many times, but the short interest and the firepower and the potential of where amy can go is like a ball sitting on top of a hill.

The same can be said about gamestop gamestop in a very similar boot right now right. It's a fundamentally different company trading in a very similar manner to amc, and you can see that the last couple days it has pulled back pretty strong right well, despite all that the ortex down on both these stocks, which is just showing you sort of an estimate On what you can expect for short interest and uh firepower, loaded in the gun has been quite high, and this tells you something right that the ball or the boulder is on top of the hill. Well to me, what pushes the boulder down the hill or the bulldozer in this instance is going to be a green market, so here's a bulldozer kind of ugly but uh spy green. Why is spy green going to matter? Well? Correlation correlation uh in this instance is showing us the same thing that i talked about yesterday, which is that green spy equals green uh amy green gamestop, red spy typically equals the same and right now the spy is red.

Now why why talk about this? Why does this matter uh? Why? Why even get this this ball rolling in the first place right? What is it going to take for the spy to be green, fundamental and economic improvement, you're going to have rallies right and i've talked about this before, and i talked about this yesterday, uh in fact yesterday i thought there was a real opportunity. I'll be honest right. Let's drop some f's in the chat because every now and then uh you get caught up in uh in the feelings and stuff, and i thought there was an opportunity here. You know.

I said if this then that if it breaks this fib level, it'll uh push up pretty hard and i really wanted. I really wanted this to uh to to break up to the upside, but it's just not looking like it. It's gon na do that here today. Uh, it ended up falling to fib right.

It followed this 2365, which i tweeted about back on may 27th uh. So you really need to see this economic improvement, which comes back to quantitative tightening, now qt or quantitative. Tightening is the opposite of quantitative, easing uh ryan toto. Thanks for the the two bucks man trey we are going.

I am 100 heavy taps lol, hey heavy taps. Do i give you heavy taps? Don't worry? I wasn't on the wrong side all right. If i did it on my left side, but then on my left side, that might be bad. That might be bad.

That would have been. I probably would have broke that thing in my chest, but we're gon na be smart, uh, so qt quantitative tightening not to be confused with uh my cat, because my cat is a cutie too right. Uh quantitative tightening is a draining of liquidity, and this is meant to improve this. The economy right draining liquidity, uh, which is going to force interest rate hikes, so alongside rate hikes, what you are seeing from the the bank level, the federal level uh.

You are also seeing quantitative tightening, and this is the reaction to quantitative tightening that you're sort of witnessing today. How long is this going to price in right? This is kind of a tricky spot to be in because quantitative tightening means uh. One thing. One thing specifically: it means that the fed is trying to sell you now.

I need gorillas in the chat for this, because this is actually this is who remembers 2008 right? Who was there? I could tell you that myself personally, i was too young to understand everything that took place in 2008. What i remember from 2008 is uh. I was sitting at a mcdonald's right. I was at mcdonald's with my dad and i remember looking at uh.

He was talking about the dow and i don't even think he had any money in it to be honest, but i was sitting there with my old man and my little sister and we were watching the dao and people on the tv were freaking out. They were saying this is the worst day in stock market history in xxx years, and i remember looking at it and it was down like five six, seven, eight percent, whatever it was uh and that's where i was i was at mcdonald's. I think i was probably smacking down like a 20-piece mcnugget or something like that. I didn't play back in the day.

I was a psychopath, but uh. What was the cause of that that time period right 2008 mortgage-backed securities, prime brokers, banks really up on on specifically that mortgage-backed securities right? Well, what is the fed trying to do now with quantitative tightening guess what sell mortgage-backed securities? You know what this sounds like to me: bag dump same thing with them selling treasury notes, which is what they're doing with quantitative, tightening they're trying to sell notes. What does it sound like to me? Bag dump exact same thing, and this is what you're looking at right. I think that the fed trying to release some pressure on their balance sheets, which is about nine trillion dollars, quantitative tightening, sell some of these mortgage-backed securities sell off.

Some of these notes is going to cause a little bit of a liquidity crisis, and, if you want to talk about margin, calls you want to talk about. Hedge funds. Going under this. To me is how it's gon na happen: quantitative, tightening we're in a position now where banks have so much money, an ungodly, stupid, ridiculous, filthy disgusting amount of money, nasty amount of money, but a lot of hedge funds are illiquid.

Why? Because they use margin and collateral from banks. So what happens now when quantitative tightening starts taking place? And banks have to raise interest rates? Well, they're going to ask for this margin they're going to ask for this collateral they're going to ask for their money back and that is going to hurt hedge funds, i'm with you, cheese, chaser! So that's where we're at man! This is looking more and more and more and more like 2008 may repeat, and that is a scary thing to say, and it's scary to say out loud uh and the more honestly i don't know about you guys, but the more that i learn about the economy And the more that i learn about the mechanics behind the federal reserve and politicians and the way that money moves in our financial markets, the more the more sad and more jaded i get uh with with the way that things really are uh. It makes me i'm gon na be honest. It makes me more inspired to to to really make change like retail investors.

Sort of want to do. You know uh. So that's the state of things you know i am of the belief. This is my personal opinion.

You have to do your own research. You do your own due diligence based on the chart based on quantitative tightening, based on what i've read about the 9 trillion dollar balance sheet, runoff they're trying to make uh. I think that you are going to watch more downside. I don't know what it's gon na look like.

Maybe it's a little bit of this this this this i don't know, but to me i think it's gon na be this rejection. Eventual sell-off back down to about this 400 level. I think 400 is a pretty psychological level. I think you're gon na have a hard time crossing that 400 mark.

Maybe a little bounce here uh, but i think the spy is going to push down and what does that mean? Unfortunately? Well now we can talk about amc and gamestop, and this is probably the the worst news that i have to offer. At least in the next one to two days is uh, since this does look like the potential for a spy rejection off of the the two three six right. This two three six was about four or eighteen bucks. It came a dollar shy of that.

If you have a continuing red day into tomorrow, if it doesn't rally today or tomorrow and try and get some steam back in its sales, i think you are going to see this pull back, which what what does that mean for for amc gamestop in the short Term, it means the the same thing that this bear market has meant. You know for the past couple of days for the past couple of weeks, whatever you look back from 34 bucks, this really lined up pretty much to a t with uh what happened back when uh, you know the spy was just on a month down rampage, so Uh, that's that's it. You know, that's that's! That's why you're seeing this red day today down 9.69, if you look at iwm, i think iwm is suffering even more so uh than the spy, or at least was uh has gotten a small rally. If you look at the 15-minute chart here, decent little rally from 181 bucks up to about 184, that is translated, uh very negligibly to amc, which is actually surprising, that's uh! That's something that i'm surprised to see is typically aiming tracks.

Iwm pretty smoothly gamestop. Following a slightly better track, uh, but also quite flat in comparison to other small mid cap companies, if i was to pull up roblox, which i consider to be small, mid uh very similar, very similar, look, this kind of tells you the same thing: why the does Roblox look almost identical to gamestop, i don't know who knows it's really strange lacy. Are you doing honest question? How do we know that hedges didn't anticipate this and move out of margin in anticipation of banks asking for it back uh lacy lucky for us? We've got, we've got data right, there's data. Now people always say this check this out great question: let's talk about it, people always uh talk about margin, calls right.

What is a margin call? How do margin calls happen? Margin calls happen when you've got an insane amount of margin that can come from a lot of different sources, some from prime brokers, some from banks, some from friends some from whoever and you lend it out. The stock market is extremely extremely leveraged and has been for quite some time. The current margin debt within the u.s stock market is 772 billion right 772.9 billion dollars is the present uh margin. Debt that exists.

This is down significantly from 935 billion. Now. What this tells me is one of two things, and it may be a combination of both one. Some hedge funds and institutions have decided to de-leverage themselves a little bit which has taken basically excess, uh inflated synthetic money out of the market, which has pushed it down.

Number two - and this could be a combination of the both is while some of these hedge funds are doing that others were getting margin called and i think that's a real possibility. There are hedge funds out there that are maybe worth 50 billion dollars right, maybe 10 billion, maybe uh - maybe a bill, maybe 100 million. It could be a very small amount right. So a a margin call uh could easily have happened that i think likely did happen between november and now.

What is the commonality between this huge drop-off in margin? Debt within the market, which is 935 billion out of 772 and the the price of the spy right? Well, very simply put it's this sell-off. I think margin calls are happening. I think they're happening right now and they're not being talked about, and why are they not being talked about? You guys already know come on. You already know why they don't want you to know.

Hey i'll tell you what, though, if uh, if we are terrible people for for touching the meme stocks uh, then you gary gensler. Thank you. This is such a great great comeback. Oh, that was cringy.

I'm sorry! I'm sorry, i'm sorry! I'm sorry! Viagra hasn't worn off in the past 24 hours dustin. Have you tried? No, i'm not going to say that i'm sorry to hear that bro the sex signal that they don't care or actively cheering on the shorting. That's going on. I believe it's time that we sue the sec says kevin brady.

I don't know what it would look like to sue the sec. How how? How would you go about suing the sec now? Oh, no can't spoil it can't spoil it, never mind, never mind. I've got a video that i'm working on that's coming out saturday, that has talked about that exact scenario taking place uh. But what i will say is that it didn't work for the individual and it was an individual.

It wasn't uh, it wasn't multiple people, it wasn't class action, it was an individual that tried to sue the sec, didn't work for him uh. But if it's class action i could imagine it's possible, it could be. I mean we can look at what that looks. Like class action lawsuits against sec, has it ever happened? Lucid wow, i imagine that wasn't good for stock, not as bad as i thought it would have been spies ripping right now, let's take a look.

Let's look at this on the five minute. Give you an idea of what we're looking at dang. Look at that, you honestly, if this is a a true breakout happening right here right now, that's pretty phenomenal, but even better, and i wouldn't mind this would be if this ends up being an inverse and what i mean by that. Pretty simply put is this check? It out head shoulder shoulder neckline that looks like it has some opportunity to run that could be pretty solid.

Man has trey ever made a correct prediction: bruh bruh bruh. When did you tune in? Are you are you? Are you a goofball? Listen, listen! I started my stream with this. I started with this. I guessed it within a dollar.

What do you mean? I don't know what you're talking about you're so goofy you made me chuckle, pretty good there, dude god, ah dang sorry mom didn't mean to get out loud. Ah, that's funny stuff, nah i'll tell you straight right: i've gotten stuff right! I've gotten stuff wrong, but uh nah, that's just not it! Ah, that's funny break out off the inverse head and shoulders there's looking pretty solid. That's not bad uh! Looking at this on the 15 minute, this is what i'm watching for you've got the beginning of a trend line right. I always talk about uh, connecting dots and there's a dot starting to form right here.

That is going to be your magic line. You break that line and you're. Looking pretty dang good looks like it's going to come up and re-test. Potentially breaking this.

You break that line. You break the 418. You could see some upside my personal opinion. I stand by quantitative tightening not being great.

You could see uh you could see. I lost my train of thought. You could. Oh yeah, that's what i was gon na say you could see in the midst of a bear market rallies, but i i i do truly believe there's gon na be downside.

If that's the rejection triple top right beneath that fib is, is uh unideal you guys like that baby crim, jamer huh. Ah man that was funny. Hey man, i'll tell you what, though, that made me laugh. That was a good laugh huh.

Can we get? Can we get some gorillas in the chat that was great? That was phenomenal. The mission of the second is to protect investors, maintain fair and early and efficient markets and facilitate capital formation. When have they done any of those things? Does it seem like they're doing any of those things right now doesn't feel like it to me. You want to say hi mom, you say hi hi.

Is that good, yeah, all right there you go, bang mom, says hi told you they shorted to hell and now selling their shares at citadel to keep the price suppressed for amy uh ernie. I i do think. Let me tell you this right. There's a lot of villains in this saga and i think citadel is one of the primary ones uh, but the truth of the matter.

I i think, really really really lies in derivatives, uh and market making right. So when we blame citadel for things, we have to be able to take it a step further and talk about uh what what we're actually thinking about, and in this instance, when you talk about, for instance, like how is amc down right now. Let's just talk about it: let's look at it. How is amc down uh eight percent today right well, an important note to remember and something that's been discussed.

Many many many times is that amc is one of the most heavily traded derivatives in the stock market. Derivatives are referring to options now. What do options do you're, taking them at face value and uh? Look at sort of everything that's taking place right. What derivatives are is a hundred to one sort of leverage.

So if we were to draw this up, one contract equals 100 shares and when it gets hedged for you're able to buy a lot of shares for not a lot of money and market makers have to fork that up. So one call would equal 100 shares bought. Uh one put if it's a long one long call one long put, would equal 100 shares sold, and this is a hedging mechanism that hedge funds, institutions, banks, prime brokers and market makers - can use to be uh very volatile to induce very volatile price action in any Chart and in any situation - and i think that's why you see such drastic swings to the up and down side on amy. I really do.

I think that derivatives are a very, very large piece of the pie here uh, and i truly do think that on the upside, something you can be happy about, guys is if this is a true breakout, you just broke out of this downtrend. That's looking pretty good. That looks pretty solid, listen, listen, listen, listen! All right! This is the one time one time for the one time i'm gon na say this all right. My mom is a respectable woman.

Now i will not hesitate to dick slap any that throws disrespect on my mom's name, so help me christ. I will find you and i will shove my nut sack down your mouth thanks. That's all i got to say about that. We're having way too much fun right now.

Ah jeez, that's funny stuff solid little push here, yeah inverse head shoulder head shoulder shoulder moving moving along that neckline good, decent move, uh amy not going to get a huge push off. That is still down about eight percent of the day game: stop down about uh 2.72, so a much better day for gamestop today, uh with without doubt, i haven't, given you guys an update on this vortex, dad i'm gon na see if there's any significant change. If there is i'll talk about it, if not we'll move on no real, significant change, almost 23 short interest, still 175 million shares on loan still 10 cost to borrow still 100 utilization. These are sort of things that i track.

Uh, no significant changes. I i don't find it important to uh to beat a dead horse here. So there you go. Trey's mom is the one that told me what'd.

She tell you huh. Oh man, that's some funny stuff. The other wild y'all are wild. Y'All are going wild.

Now, i'm not going to give you my mom's name nah. She wants to stay anonymous, which i respect uh. There are a lot of good people out there right, but there are also a lot of shitty people. My mom on twitter already has to deal with a lot of crazy people and i feel bad about that.

So i'm not i'm, certainly not giving out her name. I'm gon na keep it private. You should do these live streams more often bro uh km criminal. We're actually doing them every day from one to three o'clock p.m.

Central, it's gon na be the new new norm; man we're back in business, we're back in town dude, it's great to be here, it's great to be here great, to be here great to be here. For sure keep my mom's should i do it one time for the one time keep my mom's name out your mouth? Oh man, that's some funny stuff! What's up dirk, it's good to see you dude, ah riding this upside support. If you guys have any tickers, you want to watch over by the way. Let me know i think some people were talking about mullen again today.

I'm not sure if this is still green. It looks like it is up about 4.29 of the day. Looking pretty illiquid not a lot, not a lot of volume rocking on this compared to yesterday, i'm looking at this on the daily looking on the daily important level, very, very critical. If it does not break this you're going to see downside rejection off of this falling line, is gon na mean that you're not getting the crack this time around.

So you got ta wait. Can you make a video mocking the sec? I made a video talking about that. If that's what you're discussing i'll pull it up, quick this right here, the sec needs to stop gamifying stocks uh. That was my sort of address to the goofball sort of uh conversation that was had whatever you want to call it uh.

That was my addressal, so you want to watch that it's out amy's running. Oh, look at that wow wow how's that wm compared to that. It's that's similar. Similar spy is hanging until it uh test this level.

Rejection off this level, you're looking at a different ball game, we'll see. You know this to me, looks like a pretty heavy rejection uh, but that is a nice reversal by buyers. That's that's! Pretty! Damn clean that is pretty damn clean. I wouldn't call i wouldn't quite ah, damn camera's frozen son of a i'm getting it i'm getting it i'm getting it man.

Someone keeps trying to buy my house in north north carolina. I want to sell it to him suck them there. We go casino stands for cash, always stays inside, not outside, says vegas. 187.

uh vegas 187. Tell me how you really feel tell me how you really feel. Can you please tell me how you really feel hey? It's good to be back. Boondocks m appreciate that man we fixed it camera's back we're cooking, sell it before the housing market crash ah see.

This is what i want to do. If i sell it, i'm gon na have to get an apartment again, and i want to live in a house so because what i'm trying to do and what i'm thinking about, let me uh. Let me kind of explain this in the best way that i can. I think that real estate in the next three years is gon na get marked down about 25, i'm guessing between 20 and 30.

Real estate will get marked down uh, so i'm waiting to buy a house for the next two to three years until that happens, uh until then, i'm gon na live in north carolina and when i see the markdown, which i think is coming, i'm putting that in A very, very nice way, i think it's gon na be more of like a like a a pretty harsh correction uh. At that point i will be pretty aggressive on on buying a property and moving out to florida. Oh, you know what it is: keep camera in. A warmer place to keep from freezing.

I can't believe, i'm this stupid, my camera's sitting in front of the air conditioner i am so dumb. I have wondered why it's done that for so long, but we all have, and not one of us thought of that. What, if i put it in front of a heater, you think you think, that's better. I think we'll just cover that vent for a couple more weeks now.

I think what i got ta do is put it in the oven or you put it in your car and see what happens to it. Like your last one yeah thanks, mom you're welcome uh yeah, guys, i'm not gon na be buying a house in the next in the next foreseeable future. I'm waiting for two to three years when you look so old and tired beards will do that to a man. That's funny continuing on this decent move.

If you guys have any tickers, you want to look at feel free to. Let me know one that people have been talking about is red box, uh red box. For the past couple of days, i've been telling people i'm bearish. This has been why rejection candle, followed by a high volume bar day right high volume, rejection topping tail that is very telling of uh sell-off to come, and you did get that.

Ah, you still are closing on a red candle, not very bullish. It may bounce off that 618, though that's about what i circled can i get some apps in the chat for that where's, the guy. That said, i never get predictions right. Where are you at? Where are you at i'm going to avoid you? I i sometimes get stuck.

I sometimes get stuff right uh. That 618 is a target. I've been watching for a little while now and that might be the bounce we'll see. I think you need a second candle uh, a green one or a doji to signal a reversal, but uh uh.

That's a start! It's a start man! What an f, tony i'm growing my hair out for sure cei, sure i'll take a peek. This is cei on the daily interesting chart. Y'All know y'all, remember zack morris. What's he up to these days? I kind of wonder i wonder about him from time to time.

This is actually at a very interesting point: nah not that one. This could go either direction when you've got a falling resistance, rising support in a situation like this, where it's just kind of channel trading, you could see this going uh in either direction. You really could so what you're watching for is a breakout either up or down? Could oh, could break up this way could break down, but these are the levels i'm watching for break of this resistance or a break of this support. You watch that and that's your money maker watching.

Let's see how this looks on the 15. uh, there are almost a million houses being sold new this year with another 300k that are being built without a contract. There's so many houses being built, that's nutty, yeah nicholas things feel like a bubble man. It feels like a bubble.

Real estate feels like a bubble calling her a milf is no disrespect what'd, you guys thought, listen, listen, smc, extreme! Stop who the chet wants to wants to hear you talk about how you think my mom is a milf, nobody yeah, but who in chat, wants to discuss that y'all are sick. Y'All are terrible people. No! No, stop stop stop god. Damn nicholas, you are terrible people.

Y'All are terrible you're going to hell you're going you're going to hell you're all going to hell y'all going to hell interesting thoughts on gamestop earnings. I think if the market rallies and and breaks that 418 level - and i got to be honest right - i'm sticking to my guns here and if i'm wrong i'll, tell you uh. I think that it is going to reject off of this 236 fib uh. It is not going to matter if they've got good earnings, it will not matter if it breaks the 236.

I think that gamestop will run massively off of positive news, uh very similar to an amc at positive news off top gun, maverick right, uh amy had great news off top gun, maverick and then uh. It got kind of bottled it got. It got bodied man, you got the spy sort of on a sideways trading day and amy got caught up in it. So uh.

I think that's what it's going to come down to legitimately and i i know that answer gets really old, but i'm not i'm the kind of guy man i'm going to give it to you straight every single time. I'm going to say this uh, my answer's, not sexy! Okay, if you want the sexy speculation, answered, go, go, read some on twitter uh, but the truth of the matter, and probably my biggest takeaway from when i interviewed the wolf of wall street like him or hate him is in a bear market. You are at the mercy of the market uh, even if it's good company, you know great companies have gotten smacked and if the market's red, it's not gon na matter, it will not matter and you've seen it firsthand. I don't have to tell you that you've seen it you've seen it.

You know you've seen great setups that the market just smokes down uh, so you're betting on a green spy, green spy, and i think you're gon na have a huge move out of gamestop, which will translate the sympathy out of amy. That's my opinion. I got ta. Come back up, milf pull no no milf pull haven thanks man! I appreciate that hey trey long time fan uh.

What are your thoughts on the big gap and short interest in free float on loan? Think they are going to use them to block a run-up. A great question haven, great question: uh: here's my thoughts on that. So what he's talking about is, if you're, looking at the ortex data for amy right, let's just pull this up right now, you'll see that we've got twenty two point: nine percent current shortage. It's a free flow, it's 118 million shares and that's about 60.

Almost 60 million shares off of the actual shares on loan. So why is there a discrepancy? The discrepancy exists because not all shares that are lent are shorted into the market. Some people will lend a share, and this actually could be the case with some of the short interest. It could be re-hypothecated.

You could have a share, that's lent out and then linked out again, which is acting as more than one share right. So, let's, let's just say, for example, there's 118 million shares right, let's say: there's 118 million shares that are currently shorted. This is an entirely plausible and possible situation because of something that i like to call crime. All right.

Crime is rehypothecation. Rehab application allows for a share to be lent out or borrowed more than one time. So if you've got 118 million share current short interest, but you have 175 million total shares that are borrowed well. What does this mean? It means that this excess, which is 118 million, shares 175 minus 118.

You do the math uh, seven five, that's an extra 57 million shares. These 57 million shares could be borrowed twice. 2X people will ask: how can how can uh somebody borrow when the utilization is maxed out at 100? Ah well, lucky for us and lucky for you, you can have one share lent. Let's just say that this is friend.

Oh look at me. I'm a big happy scary man. Ah i'm gon na lend out this share because i got a big penis. I got ta better erase that anyways they let out this.

One share bam goes out to another big scary man, and this guy says you know what i could. I could short this look at my eyeball. I got one. I got three eyeballs whatever he said.

I could. I could short this. Where could i i could go and lend this myself, so he lends it out again bam now. This sure has been linked twice to three different parties.

There's three different people mentioned in this whole transaction and three different people have had their hands on the same. One share: two people are only the same one share at the same time, because this lender thinks that this guy's got it this guy lent it out to this guy, so uh you can have rehypothecation. I think that is a big reason. Why sometimes you'll see discrepancy between shares on loan and actual short interest? That's my opinion.

Done with my day. Job sure am boot. Docs hell, yeah man, yeah beard is getting kind of long. Huh hard is uh good days and bad days.

I i don't complain about it because i people started saying trey's, just the guy that about everything you know, so i'm just keeping things to myself uh, but nothing really has happened. My left eye is still pretty bad. My heart good days, bad days, i just kind of rolled the punches man. Hey thanks maximilian.

I appreciate that bro, it's great to see you you haven't said for a while. It's popping, i got you oh dead i'll. Do that i'll? Do that hey? What's popping, i'm gon na give you the big fat smolder boulder. Ah man con man.

What's up dude, it's good to see you all right, truth be told, don't get mad at me. Chat all right, don't get mad. I've kept this to myself, but i'm gon na tell you. I'm gon na tell you an answer on something: okay, i'm gon na tell you the truth.

Don't get mad got ta promise me you're, not gon na get mad. Okay drop! Gorillas drop! Gorillas! If you promise me, you won't get mad and i'll. Tell you what i just want to know the truth. All right.

I have actually been putting off getting heart surgery because i don't want to stop working, don't get mad, don't get mad, though okay, i'm good. I'm chilling when, when when i feel the time is right, i will get the heart surgery, but i don't want to do it because i will be out of commission for a little while and i don't want to be away from my computer for that long. Mom knows: don't worry. Bob knows everything check.

Former sec branch chief, lisa, uh, bragenko tweet bet lisa bro, oh yeah. I follow her nah, it's all good! I it's for me, don't get it twisted! Okay, i'm not doing this! For you, peons, i'm kidding, i'm kidding, i'm kidding i just like working. I don't. I don't want to step away.

Yet it's not time. I will take a break though yeah look at this. She retweeted this very disappointing to see sec disparage investors and meme stocks as if they must have done it thoughtlessly, especially when sec permits most training to take place in dark pools. Big word big word big word big word: how about a video about dark pools? Gary gensler better yet get trading into the open or spending the money and staff time on stopping short seller abuses of retail.

That would be harder than disparaging retail investors. That is why i bought amc and gamestop videos like this really make you wonder where the sec's security and sec gov, where the sec gov's priorities, really are hmm. Oh disparage, yeah, i'm i'm dumb yeah! I tweeted about that earlier. Today too, i honestly just couldn't believe it when i saw that video i watched it last night and i was like wow.

This feels like a movie man. This doesn't even feel real. Your eye spot looks like a milia. I believe you can remove it with a silic acid stick or wart remover.

Stick god himself. The little eye spot is a scar uh. The scar is from getting steroid injections in my left eye, a little bit of leakage came out and it uh it just left. A little discoloration down there, it's not the end of the world, i don't even think about it.

I don't notice it to be honest, maybe that's what people mean when they say. I look like, though i don't know what is wrong with our government. You know i couldn't answer that question a month ago, but now i can you wan na know what's wrong with all right. Let me tell you what's wrong with our government: is they don't watch out for the people? Everything in america is about capitalism, everything, everything that you see, breathe smell.

Anything in your life is capitalism. My shirt is a is, is basically an ad deal for for for dragon, ball. Z monster. You see monster in the background subliminally.

You think i want to go. Buy this monster: what does that? Do it feeds monster as a corporation uh? What does the government want to do? They want to find every possible way to scrape pennies off of every single transaction that takes place between everything, the government and politicians that run this country were supposed to find a balance between. We, the people, the small man, who's trying to make ends meet and the government who is supposed to regulate and watch over. We, the people, see we are not there to serve them, they are there to serve us, that's what they get paid to do and it seems to be the exact opposite.

What you see now instead, is the people get they get in the ass, because government politicians will step up to office and they're supposed to help we the people, but instead they utilize the information that they have to better themselves, to make hundreds of millions of dollars Trading in the stock market to go to idea, dinners and have these secret sex parties with kids. You know they're not there. For us, there is not there's a lot of greasy dirty disgusting people at the top of the pyramid that do not watch over us. That's the problem, there's supposed to be a relationship there that does not exist.

We can't trust a lot of politicians. We can't trust a lot of people at the top because of precisely that. That's the problem so and it makes me mad. I can't lie you know.

That's why i i had to take a second to think about if i wanted to really go down that road, because i don't like talking politics, but that's bipartisan. That has nothing to do with your political party, which, by the way is absolute. 95 of americans are not extremists like we. We talk about every single day, like the media portrays.

What that is is supposed to polarize you to extreme sides of the of the spectrum, which is what politicians run for by the way, and they all come together in the middle and they have sex with each other and their butt parties, and they they get all The money in the world and they go retire and live in the bahamas. You know that's the problem. Man, they polarize, you, they polarize us, they polarize. We the people to try and make us think we're the problem and hey.

If you agree with me, maybe we make a difference when in reality we should be looking at the people on top and saying hey. Why are we even holding you up? I don't know if i should even say this, i'm gon na be honest, but imagine if one day right have you ever wondered what your tax money's actually used for. Have you wondered? Have you ever looked at the the debt deficit? Let's just pull this up. You guys want to see how bad the united states debt is.

Let's just let's look at this for a second, let's think for one minute about the united states government as a business right think about the united states government as a business. Do you think this is a good business? How is this a good business? Good businesses do not have 30 trillion dollars of debt, so why are you paying them? What's your money being used for now? Imagine if all of a sudden you stopped paying what would happen? I'm not telling you to do anything right invoke some thought. Maybe interesting, though, all right, i'm done with that rant. Now i'm done with that rant you get arrested.

Sadly, sadly yeah. It is sad, it's very sad. It's a sad situation hold on one second, oh, i went to lock my door uh. My neighbors go through periods of time where they get really angry at each other, and i don't know uh.

I don't know i just don't want my door unlocked. Ah, what do you do? Yeah then didn't i don't know what's happening over there. I don't wan na. I don't wan na find out two-party system choose anything.

You want from these two options: we've given you and then nuts maximilian it is. It really is man, that's what you're dealing with uh spy's about to break this up. Trent break up that up trend. I think you see a little bit of downside, i'm watching uh.

In particular, you got a little bit of chop in this zone i'll be watching for about 4 10 99, which is 411 pretty much square in the nuts that little wick right. There is significant. 408. 84..

I think you could see a tap there as well. If it breaks down beneath this trend line waiting for that five-minute candle to close on the spy, this is going to affect uh the the mass majority of other stocks that are are currently trading right now, if you're checking on tesla, i saw a lot of people Saying that tesla could short squeeze uh if and only if the spy really gets a decent move and what you're seeing here is uh a downtrend there's a little bit of weakness. Small amount of uh overall weakness, i'm gon na connect some dots bam. You connect those dots, that's the trend line, that's the magic mic line! Baby! You break that.

You look pretty dang squared away. You got another micro line right there that would translate over the spy uh as well that versus herd verdict in two minutes no way. Well. Now i got ta know picking a political side is like choosing cancer aids.

Well, the thing jared is is there's things that make sense on both sides. Right now i got i want to know what the the verdict is. One minute out from when this verdict is supposedly going to be read. We do believe it is going to be on time here and there are so many different outcomes of this trial.

Of this defamation, trial, potentially johnny depp could win potentially amber heard could win. The world does amber, hurt very much very uh how many people have been watching this absolutely dropping. You know, because there's a monetary money type of situation there, somebody will win, but it you know a lot of people that have been watching this. Does anybody win in a case like this, when you you've seen two really broken people uh, really and really describing that the once love that they had for each other, and then i don't think amber is going to be very happy when she has to pay johnny Depp roller coaster come down there and it's been tragic, to say the least here, but uh we are awaiting this moment.

Everyone amber literally got caught committing perjury. I don't know, i don't know what and what world she wins. This western. This is the moment that we have been waiting for the judges - let's listen right here on live now from fox.

Please i'm curious. It's gon na take two minutes all right. Are we ready for the jury? Yes, you're on all right just for everybody in the gallery. Reminder this: this is a court of law, uh and uh.

Regardless of the verdict, i will not tolerate any outburst whatsoever. Okay, thank you. Oh the suspense, come on honestly, the judge has been pretty cool comment collected, considering she's been dealing with a kid referring to amber turd row row reggie yeah. I did see that twisty oh come on now give it.

I just want to see the verdict, so i can hop off if i can have the attorney's approach come on just give the verdict. What are you doing? We've been waiting forever, give it, and we continue to wait right now. Amber heard we see front and center, can we not mock someone with mental illness you're better than that? Are you referring amber heard? If you're referring to amber hurt, i've got no sympathy. None.

She took a on johnny's bed. She committed perjury. She lied about a lot of things. A lot of things, no sympathy all right, ladies and gentlemen of the jury.

What i need you to do, i need to give the forms back to you when you find for a defamatory statement, one or more, you need to fill out the compensatory damages.