The day before Interest rates — Jackie Le' Tits — Video Wiki
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0:08[music] All right, tit gang warriors. The market's BEEN COMPLETE DOG [ __ ] FOR WAY TOO LONG, but earnings are here and GME is about to explode. LET ME HEAR you scream for the moon. [music] Months in the red portfolios [music] bled. The whole [singing] damn markets been complete dog [ __ ] Bears were howling. Shorts [music] had the power. But we held the line. Hour after [music] hour, waiting for the spark, the moment of truth. The earnings call dropping. Going to light the fuse. The bell is ringing. The volume's insane. Short starting. Feel the power game. [music] We're breaking free from the chains below. G [music] of the day. [music] We take it all away. you high on the day after the dark [music] day. What do you say? [music] What do you say? G [music] new high of the day. >> [music] >> She [singing] knew high [music] through the sky. [music] Through the sky. [music] >> [music] >> Earnings hit hard. The numbers are cold. Rocket is [music] launching. Stories being told. New all-time highs breaking through the wall. Watch [music] the price soar. Hear the traders call from the ashes rise. We own the floor. [music] Ryan Co and our savior giving us more. The squeeze is on. [music] The bears are done. Portfolio pumping. The war is won. Getting new high [music] of the day. [singing] We're seeing it all the way. Hear me high of the [music] day after the dark. What you say today? What do you say? What do you say? [music] Hold on there, partner. You just arrived at Jackie's [music] Texico Emporium here to talk about GameStop. Game [music] while rooting to howdy doodle. How the heck is [music] the chat box doing here tonight? Buckaroos, buckle up. You got Uncle Bucking Chuck here [music] in the chat box, folks. Say, "Yeah." Well, here at Ty's [music] Live Use Texico Emporium, we're here to talk about how GameStop and Ryan Cohen offered [music] a whole bunch of money over to them folks over at eBay. And then everybody freaking [music] out cuz they're like, "Hey, young little whippers snapper noodle, you can't just buy stock at all [music] time and call yourself Mr. devalue investor. That don't make no sense. Uncle here's been having a difficult time cuz I've [music] been seeing the last couple
4:35of days some [ __ ] just out here talking out of their [ __ ] ass [music] like they ever been right about GME. And so now we're still just sitting here waiting, watching for the price action to do something real cool. The thing that a lot [music] of people kind of seem to forget about Mr. Ryan Cohen is Mr. Ryan Cohen actually is a [music] devalue invest. However, I think he did something magical. I think he [music] did something magician like I think that man pulled a Houdini. Now you see me. Now you know. You know what I'm saying? No. Drag your asses back all the way to 2023, you baby. And we go all the way back to 2023 in April where Ron Cohen tweeted, "I just got off the phone with a great American company. They're not really interested. So, [music] I guess we'll have to figure it out my way." And then after he did that, it was radio [music] sounds. [music] If Ron Cohen had an interest in eBay all those years ago, maybe he quietly been building a position in eBay since these lows. Maybe. [music] And maybe some of those wealthy investors that we've seen him come up nice and close to, perhaps those wealthy investors who have been casually and quietly taking a position at eBay along the way over these years as well. Then the question becomes, well, yeah, eBay is trading at all-time highs. Is there value to unlock? Meaning, okay, eBay makes 2 billion macaronis today. Wait, they made 10 in two years. Well, that's what the press release that Ron [music] Cohen came out with tonight, that's what it said. He essentially said, >> "I got a bad position and I need games now. Call [music] Jackie 877 now. I got some bags, but I need moon [music and singing] now." Call Jackie 877 tits now. They've helped thousands. They'll help you too. Indicators and TA, they will teach you. If you've got bad entries, BUT YOU need wins now. [music and singing] >> Call Jackie. Tit 877 tit now. >> 877 [music] tit now. >> 877 tit now. >> 877 tit [music] now. >> 877 tit now. Call Jackie 877 [music] now. Join the tit right now. Call Jackie [music and singing] 877 now. I'm scrolling [music] through my feed all day.
7:55I tried some groups. They weren't that great. Still, I got to find more trades. More fun and education is what I'm looking at. When [music] I join the crew, I'll get the biggest laughs, too. So now I've got [music] to see which Discord's right for me. I went on the internet [music] and found the tits gang with Jack E latest. I clicked the invite, [music] took the test to find out my direction. I'm chatting in the server all night. Getting [music] my cash on my own time. It's gang education made me see. GameStop needs to hit that 33. Get connected for free [music] with Jacks and TG. Get connected for free. [music] Join [music] the boot into the beer. I have music [music] broke here today because I have absolutely no idea what I am getting. Shorty begin. I'm hooking my voice. [music] It is a succulent as I hear it. It is a suckling figure. >> [music] >> The best boy faking up is Jackie in your cup for your beans in [music] your IV. They line the Starbucks. We don't have that here in Russia. I only drink [music] black coffee. Maybe little bit of sugar and little touch of milk. RSI waking up. ADX go high and [music] makes a break out and we look for the boom portal breaking up. Is Jack the same bless and he wants to be bullish on the market and don't yummy. [music] I'm I'm actually to [ __ ] my pants pants [music] about to [ __ ] my pants pants hair. So I have to run to the bathroom after [music] yo yo screen's green. Let's get it lit. It's your boy Jackie tick swipe up G in quick quick never on [music] fire level getting hit on splint pull up don't you miss Jack [music] we >> always TO THE TITS >> YEAH LET'S TRADE BABY GOINT [music] we I'll eject to the tits. >> Good morning everybody. It's great to see the names. Great to see the faces here within the chat box this morning. Uh not a whole ton of excitement, not a whole ton of crazy [ __ ] happening. Um we have the uh the interest rate decision that's happening on Wednesday. So the entire market is going to continue to tiptoe around until Wednesday uh at 2:00 Eastern
11:50when that interest rate decision is announced. Until then, we should continue to anticipate that the market is probably going to be really weird, really lazy, and uh really just generally kind of shitty. So, my suggestion for you guys uh at this stage, it doesn't matter if you're trading GME or Chewy or Nvidia, Tesla, IBM, Lulu, it doesn't matter what you're trading at this stage. Every single one of you should be thinking about um what's the word I want to use here? You guys should be thinking about longevity. You should be thinking about staying in the game for longer. And uh one of the ways that you stick around in this game for longer is by being prepared for these events in advance. All right? And so for me uh all of the trades, everything that I'm doing has just taken a big step back, waiting to see uh how that interest rate decision is going to impact the markets. And then, you know, I can make a read and a reaction afterwards. I don't necessarily have to trade or feel the need to force myself to trade right now as I wait for that decision and catalyst to come on Wednesday. So, until then, most of the trades, most of the things that we're looking at or the opportunities, I'm kind of just super lukewarm about. And uh yeah, just patiently waiting for Wednesday to come and go and then uh then we can kind of start having well, I don't want to say start having more aggression cuz that could be the wrong word. Um we could start to have a little bit more of an opening for some bigger and better trades to get some follow-through is what I mean. So [clears throat] with all of that being said, uh good morning to all of you here. Vincy Elliot, hit the like button, [ __ ] Jackie, let me Airbnb your house for a weekend. No. So, thank you, Vinci. Appreciate that, man. Good to see you, buddy. And thank you for liking the video, everybody. So, uh yeah, it's great to see all of you guys here this morning. I know what you're all here to talk about. I know what you're all here to talk about. I'm not stupid because there's not a lot going on uh in the market here
14:07this morning. I heard that if you all spam Jimmy in the chat, I heard if you all spam Jimmy in the chat, uh Jackie might actually start today's show with a conversation about Jimmy. That's what I heard. That's what I heard. So, we'll have to find out, I guess. We'll have to find out, won't we? Does AMC still have the uh Rick and Morty lips on the daily? Say yes. Kind of. Okay. [clears throat] All right. Look at all those jimmies. Look at all those. Look at all those jimmies. Oh my gosh. There's just so many jimmies. Everyday Jimmy. All right. So, I'm going to ask the chat box. I'm going to ask the chat box. Should we start with the micro or should we start with the macro? Put in your answers now. Doom. [clears throat] Okay. The macro it is. The macro it is. Normally I start with a conversation on the Ballinger bands and the RSI. Not today. Well, technically today, but not right now. I want you guys to see. Look at the 4hour RSI. Holy moly. It reached overbought. And if we take a trend line and we draw it across from these highs, right, make it yellow and we look over to the left, we see one, two, three, four times that it got above that yellow line. Four times, right? And let's see. All right. Time number one marked a literal peak before it dropped 38%. Time number two was in the midst of a 50% swing. Number three and number four were literally a short squeeze. Uhoh. Wait, Jackie, does that mean that J GME is gonna short squeeze now? No, no, that's No, no, that's not what that means. The 4hour RSI is a macro time frame, right? That's that's a macro macro time frame. Okay, your 4hour RSI just hit a level that it almost never touches. When it does, it signals big volatility. Big volatility. Sorry, I'm trying to drink my coffee as we go through this. [snorts] Because it signals big volatility, it doesn't necessarily mean that the run is over or that it's cooked. But what it does say to us is often times when the RSI on the 4 hour, on the daily, on the weekly, on the monthly, when you get to overbought or oversold, but in this instance overbought,
18:53where are we going to go? Uh, you guys have heard me ask this before when we've looked at other trades, and I'll ask again. Where are we going to go? The RSI has almost never been higher on the 4 hour. Like, I'm I'm not even joking. Look. 1 2 3 4 5 6 7. Seven times since 2020. Seven times since 2020. And we're at number eight right now. And every single one of those orange vertical lines has led to extreme volatility. Squeeze squeeze peak of squeeze squeeze peak of squeeze 30 uh 40% uh 40% dump and that's it. So, squeeze, squeeze, squeeze, squeeze, squeeze. 40%, 30%. Oh, and you're telling me that the 4hour RSI is doing that exact thing. Right now, huh? So what we should expect, right, is kind of what we talked about yesterday. If we want GME to be its healthiest, if we want this run to continue to remain uh sustainable, the RSI entering overbought and then pulling back and retracing into the bull zone and holding on to it, that's not a bad thing. [cough] That's really bullish. And now all our goal is is to remain patient to allow the pullback to occur in which then we could start watching smaller time frames like the 30 minute or like the 15minut. Maybe build an RSI wedge or maybe build bullish divergence or maybe look to bounce off of the center line. There's so many unique and different conclusions that we can make from this. But first and foremost, it has to develop, right? These are the same things that we've kind of just been hammering home uh over the last little while, you guys. We've just been hammering home that this stock requires an extreme level of patience. But if you have the patience to wait it out, oftent times we get some great consolidation, right? Such as the 4hour coming back to the bull zone in the midst of its bump and run, right? With that 80% chance still of going to the 382. The reason that we can't just go vertical is because we have the technicals reaching their kind of limits. So now reaching their limits requires a pullback. That pullback will now bring the technicals back into the safe zone that will allow the stock to continue to make moves and breakouts to the
22:50upside. But in the midst of that, it's okay. It's okay to have a little bit of a pullback. And you guys should expect that we should see a bit of a retracement because that 4hour RSI was so overbought. But the daily, that's a different story. The daily is in the bull zone after printing a bullish engulfing candle. But more importantly, I want you guys to focus on the same indicator that we have been monitoring the Ballinger bands. And folks, look, what do you notice? What do you notice? We are back inside them. We're back inside the Ballinger bands. This retracement, whatever happens today, whatever happens on Wednesday with the interest rates, etc., etc., right? We are now seeing the stock do healthy things. We're retracing after going overbought. We're coming back inside the daily Ballinger bands. The RSI is holding in the bull zone, right? We are doing very positive things. May not feel like it because the share price is down 1.4%, but trust me when I say these are healthy things that are materializing on GameStop that are opening the path towards a clearer, stronger continuation of this breakout. We shouldn't be surprised that we're finding resistance at that gap. We shouldn't be surprised that we're finding resistance at prior areas that have been support and resistance during this whole [ __ ] run. It's okay. All right. I just want to make sure that we make that clear. It's okay. It's okay to pull back. It's okay to have a retracement. Now, the next phase is going to be looking for smaller time frames to give us a little bit of a clue that perhaps we could see this thing begin to make a turn. That's where we're going to turn on the 30 minute or the 15minut and we're going to say, okay, can the 30 minute bounce off of the center line on the RSI? Can the 15minut perhaps build some bullish divergence? You know, could we see something like this? It's possible, but we have to be patient. Okay, that is the goal. Be patient. You can also make the argument if we go over to the hourly time frame, right? If we go over to the hourly time frame, GME has the chance to put in some hidden bullish divergence as well, you have this low here and
26:15then whatever this turns out to be, let's say it bounces here, this could be a higher low, right? And this would be a lower low and this is definitely within that 14 period window, right? So just kind of sit there guys and be patient. Let this develop. All right. Everybody across the market, not just with GME, everyone across the market is sitting on their hands waiting for the interest rate decision. Sit back, relax, and enjoy the show. Why the [ __ ] does Spy look like it's repeating yesterday? Are y'all seeing this? Look at this. Look at this. And then big dump. No, no, no, no, no, no. Look at this. Then big dump. Right. Then look at this. Look, look, look, look, look, look, look at this dump. Right. And then look at the five minute RSI. It's Dude, that's crazy. The [ __ ] Huh? And even look at this. So now watch it make a lower low that goes like this and then that'll be interesting. I'm going to keep my eye on that. [sighs] So that's what we got going on, guys. That's what we got going on with GME. We are uh just having a little bit of a retracement day that is now bringing GameStop back into an area of healthiness and happiness. again might not feel like it because the share price is going backwards, but we are doing positive things. We just got to wait. All right, we just got to wait. And then looking at the micro, GameStop has this twominute RSI channel here, guys, or wedge, whatever. And it's probably going to try and break out. All right. And if it breaks out, we should be able to see GME, you know, potentially come back and fill the gap that it left uh from the gap down this morning. So, there's a technical gap on GME right there and a and a regular gap. So, that's what we're looking at here this morning, folks. Okay, that's what we're looking at here this morning. I don't know why you guys are so obsessed about this island reversal thing. It's It's a bump and run. That's my answer. It's a bump and run. that that that will be my answer every time you guys ask about island reversals because I I'm just going to keep showing you
28:55this. Go over to the pattern index. Go to I find island reversals, right? Find island bottoms. Where do island bottoms rank? Island bottom overall performance rank for up is 38 out of 39. So it's literally the second worst pattern. And then for down breakouts, it's 31 out of 36, meaning it's the fifth worst pattern. And combined, it's the third worst pattern in the entire market. It's the third worst pattern in the whole market. So, what do I think about the island reversal? I don't. It's a bump and run. [laughter] Okay, that's my thoughts. So yeah, if you want to call it an island reversal, carry on my wayward son, there'll be peace when you are done. Look at this trend line. Hey. Oh, that's interesting. Lay your weary head to rest. Don't you cry. That's a cool trend line. Top top H. That's neat. I like that. That's cool. I like that actually a lot. That looks nice. So, GME down one and a half%. GME's warrants down seven. Oh my god. Oh my god. It's because we're so far out of the money and we're running out of time. We're running out of time. No. And then I saw I had an alert earlier for Hun go off. So, we better check out that. Oh, Hun completed the harmonic. I must have drawn it this color cuz it's not very clean. Uh, it's fine. Okay, I'll keep an eye on that one. I better write that down. Hunh harmonic. Harmonic. All right. And then let's check in with the chat box. See what you guys have going on in the chat box. All right. Not too much going on there. Uh All right, I'm just checking in with the chat box. Not really seeing a whole ton of action on there. So, um, saw one person askked about the TD. What's it show on the daily? Uh, I should probably just shows an 11 count on the daily. So that's what you got there on the TD sequential. What else do we have going on here? Noia up 4%. Unity flat. Chewy 1%. CRCL minus 8. Cost plus five. Cost has been really weird the last couple of days. Actually, I've been noticing that. Cost has been really [ __ ] weird. Dude, dude, dude, where'd you go? Cos. Yeah, CS has been really
32:34[ __ ] weird lately. I don't know what's going on with that thing, but it's been very strange lately. Um, there was another one that was also very strange lately that caught my eye. Yeah, crypto. So, my MSTZ is now break even after going down 9% on Monday. So, that was good. So, Bitcoin still looks like a huge head and shoulders to me. And it looks like it's like legit on the verge of breaking down. So, I I have my concerns about Bitcoin. And we do have that indicator signal left right down here, guys, at 645. So, I'm I'm worried. I'm nervous about Bitcoin and crypto coming all the way back down. Me, who just staked all my DOT and Adam? [ __ ] [ __ ] [ __ ] [ __ ] [ __ ] [ __ ] [laughter] Um, what else was catching my attention here this morning? D spy sectors, energy always up, financial, I don't really care. Everything is just we're all just waiting for the interest rate decision on Wednesday. That's the big one. The interest rate decision on Wednesday, man. Every everybody is waiting for that [ __ ] [snorts] Clarity gets voted on today. There you go. Uh Corsair, let's see. Good. Everyone, how are the 10year US today? Okay, it's break even. Gio, I can't play that song, bro. No matter how many [ __ ] times you ask me in the chat, I promise you I can't and I won't play that song. So, you could ask 64 more times and I'm still not going to play it. So, if I haven't made that clear, let me just make sure I make that clear right now. I'm not going to play it. Okay? So hopefully that makes it easier for you so that you can stop spamming it in the chat box and actually ask me some real questions. All right. Do you think GameStop will be okay with their covered calls getting called on the bitcoins they own? Uh no, cuz then it would be a $40,000 loss per bitcoin from where GameStop bought them. So I can't imagine that they would be happy. But their covered calls aren't going to get called away cuz Bitcoin is going to dump all the way back down and then GameStop covered calls are going to be fine.
34:51They sold them with a 70 70k strike price. It's a 70k strike price that was sold and it's only trading at 76k and they sold those like back over I it was either here or here or here. I can't I don't remember exactly where that I think it was here or here. One of these two. But GameStop sold covered calls on these a long time ago. And I'm assuming that the covered calls are long long long expiration. So I I really don't think that GameStop is all that worried about their their covered calls getting uh called away. I I'm pretty confident that uh you know, again, indicator signal down here. Bitcoin in a head and shoulders. Still making a lower high, by the way. Still making a lower high. That's a lower high. That's a lower high. And so now the potential of it, you know, going like this, I mean, it's not impossible. So, no, I don't think GameStop is worried about it a a single ounce. I don't think GameStop is worried about it one iota. That would be my thoughts. Yeah. And they can roll the calls as well. Yeah. not that far out of the money considering the volatility of crypto. Yep, that's a good point as well. GME 2minut RSI wedge still still there. Uh GameStop basically retracing back towards the macro 236. We could probably even pull the fib from this low and see where that 236 is. Oh, it's right at roughly the same area. So about 2068 or excuse me 2088. [sighs] So, no big deal so far. Maybe GME is just repeating the same thing that it did right here, you know. So, no big deal. See if we can make that little two-minute uh RSI wedge breakout back to the high side. I wish we had a indicator signal somewhere. That would have been cool. But yeah, fortunately, we didn't leave one there. So, that's all right. Oh, do we have one? Don't tell me there's one sitting right there. E. Oh, I guess there is. 2110. Okay. Well, maybe it still keeps coming backwards then, I guess. Hey, yeah, we'll see. We'll see. We'll see. I That two minute is looking pretty good. Uh, is AMC still doing the uh Yeah, it's still good there. 4 hours still looks pretty good there for AMC.
37:23Okay. Uh, take two Nokia now. Not not really not much to say here. And Spy isn't doing diddly [ __ ] squat here. Spy isn't doing diddly [ __ ] [ __ ] So, see what happens here. Uh, checking back in with the chat box. Yeah, R. Yeah, it's going to try and double bottom there. It's going to try to double bottom. 1 hour RSI about to touch bottom trend line from September 9th. You're talking about GME hourly trend line. Okay. I I think I kind of see what you're It's tough to draw. What about the 4 hour? I mean, I was looking at this earlier. I I I don't think this is a trend line. I really don't think because if if it was like this and then you know it touch touch, okay, then we'd be in shape. But I don't I'm kind of mid on that. Excuse me. Sorry. Okay, what else do we got? Man, it's it's ugly. It's really ugly out there. Like really ugly. Okay, two minute meta baba intel. I mean, holy [ __ ] It is just terrible out there. Like absolutely terrible. I mean, Meta is like one of the only ones that's up right now. >> [sighs] >> All right, let's see here. Meta uh that's kind of interesting, I guess. Hey, Meta kind of has like this uh this trend line here that it looks like it's attempting to break out from. Misha, hey, come on now. So, it's got this kind of trend line here where you've got, let's say, touch point, touch point, touch point, and now you're attempting to break through. That's really interesting on meta. Uh, am I seeing something harmonic? If I am, it's very awkward. It's probably a butterfly or a deep crab. It's awkward, though. Where's a weekly? Weekly is above. Oh, weekly is actually Look at Meta's weekly uh weekly MACD, folks. Look at this. That's really something. Low, higher, low, higher, low, higher, low. And now the weekly MACD is about to go through center. Why does Meta look like it's about to [ __ ] Meta actually looks like it's about to [ __ ] cook. And I hate this company. I hate this [ __ ] stock. But meta actually looks like it's about to cook. I got to post that in Sky
40:39Daddy's thing. Thing looks like it's about to cook. And Sky Daddy will tweet that or whatever. There. And I almost spilled my coffee. That was really dangerous. And now it's cold. Classic. Classic. Well, I think it's cold. >> [snorts] >> Well, it's it's not burning my mouth, so that's a that's always a problem. And then GameStop trying to make that uh twominut break out there. Maybe this could be a bump and run. It's a little ah no, never mind. No, no, no. I wouldn't call it a pump and run, but I do like the two-minute wedge. I do like the two-minute wedge. All right. And then we did leave that gap from this morning as well, which is really interesting. We did leave that gap up there, which is pretty exciting. So, you know, that's uh certainly a target that we're going to try and aim to in a in the future here. So, crypto little recovery, purple list dead, cyan list dead. What did ATAI turn into? I'll have to ask 36 Street MTA that I wonder what that turned into. At AAI, but yeah, let's check the members list. I mean, everything is clapped, folks. Uh, Everpure is up 6%. So, whatever that is, I don't remember what what P is. Members list P. What's this? Everpure. I don't remember this one. I do not remember that one. >> [snorts] >> All right, then we'll head back over to GME. Still looking for that twominut breakout there, folks. Still looking for that two-minute breakout on the RSI. Let's put the MACD on here. Uh, all right. Then we've got potential MACD cross underneath center forming as well. So, there we go. It's looking better on the twominut. Reminder to people to like the video. Classic. Thanks, buddy. Is GME a cup with handle? I'd say not right now. I'd say it's just a cup. I'd say right now it's just a round bottom. But I'm still thinking bump and run, bump and run, bump and run. That's that's the number one thing that I'm focused on. Bump and run, bump and run, bump and run, bump and run. That's that is the only thing that I am hyperfocused on with GameStop is the bump and run because the bump and run is one of the most volatile and one of the best reversal
43:20patterns in the market. So, if this thing is going to make a continued breakout move, the bump and run suggests that it doesn't often have these long extended periods of relaxation. It often times look for just boom boom boom boom. And that's what I'm looking for. So, that's why I'm so heavily focused on the bump and run. I I really really want to see that bump and run continue to bang out. So, that's where I'm at on that one. Uh we did have I think we had a super chat in there earlier this morning. Yes, Vince. Oh, I did say thank you to Vince Yellity. Okay, that was our our only super chat of this morning. All right, back to all messages here. Think they will raise interest rates tomorrow or hold? My prediction is they will hold. So, you heard it here first, folks. They will hold. And you want to know why they're going to hold? Because if the Federal Reserve cut interest rate or excuse me, raised interest rates before midterm elections, Republicans will get absolutely disintegrated at the polls this time. So that feels just from an economic and political perspective, it feels as though that would be a suicidal decision to uh to decide to raise interest rates uh literally two months before the midterm elections. That's just the precedent for that. It It's not there. So, that's why I think they're going to hold rates rather than raise them. And then uh come the come the midterm elections, once we get through that, then we could probably see, you know, a potential shift, but I don't want to talk about that quite. Yeah, I don't care what the probabilities say. I I quite frankly, I don't care what the probabilities say. Uh, matter of fact, I actually had somebody place a $100 bet for me, uh, saying that they wouldn't raise interest rates. So, I don't care what probabilities say. I don't care what Cali says. I don't care what Poly Market and betting market and scam scam scum has it to say. I don't care. Uh, that's my opinion and you guys asked for it. So, there it is. So, yeah, I don't think they're going to raise interest rates because that would just be horrible, especially just before midterm elections. that it would just be so unbelievably
45:34reckless. So that that's that's that's my opinion. That's where I kind of stand on that one. Yeah. Yeah. I Hey, listen. I'd be happy to be proven wrong. I' I'd be happy to be proven wrong, but uh you know, listen here here's my thought process, right? It's it's not just it's not just the the midterm elections. The flip side of the coin, right, is that there are so many problems that we have right now between inflation, a a horrible labor market, an economy that feels like it's only running by basically 5% of Americans. And on top of all of that, we have so much political uncertainty right now, especially regarding economic policy, regarding wars, all this other stuff. But I think the number one factor that keeps me thinking we're not going to raise interest rates is because I'm looking at number one, well, I'm looking at a couple of things. Number one, who put Worsh into who put Worsh into the Fed chair position? It was Trump. You know, it was Trump. Trump put Worsh into that position. And the reason that Trump handpicked Worsh is because he very specifically mentioned that, well, I'm sure that some of you have seen it recently, Trump has been out there saying, "We want the lowest interest rates. We want the lowest interest rates. We're going to have the lowest interest rates. We got to cut interest rates to make America great again." I don't care about your opinion about Trump or uh, you know, politics or anything. and you shouldn't care about mine cuz who gives a [ __ ] I'm just giving you the facts. And the facts are is that the guy that's leading the country is out there screaming that he wants interest rate cuts. Now, I don't think we're going to get cuts immediately, but if the guy is out there screaming cuts and then he handpicked the most recent Fed chair, right? Let me explain something. I recognize that there are more voters than just the Fed chair. But there has only been one time in the entire history of the Fed where the voting members have voted against the federal chair. It's only happened one time in history. Now, there have been members that have voted against him, but have ultimately not impacted the decision. We we see that all
48:07the time. But to have active Fed members vote against the chair and then win and then see that decision go into policy, that is one of the most rarest and unique things that you can see. It it just doesn't happen. So my opinion is is that Worsh is hellbent on cutting interest rates in the future. And we've kind of seen that signal, that shift because Worsh has kind of come out and said, "Listen, inflation is sticky. We understand that. But we think inflation is sticky because of the war. We think inflation is sticky because of oil and energy which we think we can have curbed in x number of months. So these guys are already thinking about the future and thinking about oh well if this ends then we can go back to having a policy in which we can be uh a little bit more doubbish. Right? So, at this stage, in my opinion, again, my opinion, I think that they're not going to raise interest rates simply because the guy who runs the Fed was handpicked by the president and the president is out there saying that they want lower interest rates. So, I think the most logical conclusion is to hold rates steady until November and then once we get through the November midterms, then you can have that interest rate decision after midterms and we could be Yeah. Trump could go out there and he could say, "Ah, the Democrats, the Democrats are the ones that are making us raise the interest rates and they're the ones that," right? Like he he can't really do that right now because they hold all of the power, right? Being the they being the Republicans, sorry. So, if the midterm elections kind of didn't go so well and then it was sort of like a split house, split Senate, that's where Trump could come out and say, "Hey, listen. We got to raise interest rates because those silly, pesky Democrats, they said this and that and blah blah blah." And that's, you know, you can sort of see how that decision could come to be. I'm still of the belief that we can't raise interest rates. I I just really don't think that we can raise interest rates because the amount of US debt has just become insurmountable and it's going to cost too
50:13much money to maintain the debt uh if the US raises interest rates. So I I just really feel like they can't and I feel like it's political suicide to do so at this stage. So that's that's how I feel and I'm happy to be proven wrong. If I'm wrong, oh no, you hear that? That's the sound of nobody caring because we're taking our best educated guess. And if they do end up raising interest rates, that would generally be a good thing. It'll be a bad thing for the markets in the short to midterm, but it'll be a good thing for the economy in the future. So, if I'm wrong, okay, it is what it is, but I feel reasonably confident. And I guess we're going to find out tomorrow at uh at 2 pm Eastern, aren't we? So, should be a good one, folks. Should be a good one. Oh man. You know, so uh again, I hope none of you uh take that as like a political stance. I'm not I'm not trying to be left or right. I'm just I'm just laying out the facts and then I'm just giving you my my straight up opinion. So uh you know, that's that's where we are. And then with regards to GME here, guys, we do have the uh two-minute RSI trend line thing trying to make a breakout uh but so far faltering. And we could also make a pretty fair argument here this morning that a lot of the faltering that we're So this is GME here this morning. Okay, so this is the uh this is two-minute candles GME here to start. Here's SPY. Okay, there's there's spy to start this morning. So not, you know, wildly unbelievable to see both SPY and GME essentially trading side by side here. You know, there's just not a lot of happiness in the market right now as we uh we sit and wait for Wednesday. So, don't be surprised if today is just a total slobber burger, you know, honestly. Like, it could be a total slobber burger. Um, checking in with the chat box. 707 people watching. Absolute legends. Great to see you guys. National Cat Day, October 29th. Warrant expiration October 30th. Halloween October 31st. Jackie's Halloween decoration beginning October 1st. Coincidence? I think not. Yeah. Look at that. Look at
52:44that margin. Look at that, buddy. Oh, let's see here. I'm just I'm just going through your guys' comment here. But what about DraftKings? Oh my goodness gracious. Trump also placed Pal. Yes. In his first term, not his second one. In his first term, not his second term. Right. And in his first term, Pal did exactly what Trump wanted. So in fairness that to two totally different examples. He definitely played by Trump rules. He Oh, he definitely did. COVID was like a perfect example of doing exactly what Trump wanted. [laughter] So, I I I really I would probably disagree with you guys on that one. I think Powell did exactly what he wanted. He was He did a great job. I I think Powell did a great job. Honestly, I I think Pal did a great job, but it would be laughable to say that he didn't do a lot of what Trump wanted because he certainly did. The Feds don't work for the president. Well, that's what they say, right? That I mean, that's what the textbooks say. So, just because they say it doesn't mean that that's necessarily how they apply it. You know, that's uh that's that's what I would say about that one, my friend. I don't disagree that the Fed is supposed to be an impartial uh separate non-governmental arm, but unfortunately, that does not necessarily mean that it is. I think uh a little wink wink nudge nudge hint hint push push elections hey you probably hey you probably you probably don't want to raise those interest rates hey before elections probably hey hey hey you probably don't want to do that hey hey hold Hold on. Let let me make this uh let me try and make this a little bit more appropriate for 2026. Give me a second. I got to find it first. I know I've pro Oh, there it is. Hey, you probably don't want to raise interest rates, do you? Hey, you probably definitely don't want to raise those interest rates, do you? Hey, hey, hey. [laughter] [gasps] So, this is looking like a pretty good spy long trade. This is looking like that pretty good spy long trade that Jackie outlined there. I I still think that if if it really is kind of tracking along with yesterday, don't be surprised if this kind
55:44of fumbles and bumbles and stumbles around here for a little bit. Uh but I think you know over the course of the next 15 to 30 minutes this could open the door for a nice swing trade opportunity onto spy long because I think that trend line super clean and uh this could lead to a healthy breakout. So that's what I'm looking at here. [sighs] Similar structure to yesterday. All right. All righty then. Checking in with the chat box. Checking in with the chat box. Let's see what you guys got going on here. [laughter] 100%. This is a fine day. 100%. Nico, you like that conversation from this morning, buddy? The VXTLT. That was a good one. Pal was the only grown-up in the room. I don't think you're wrong on that one. They want to tank all markets to make Bitcoin relevant. We We are all being manipulated by those in control. My My man My man, listen. Uh the stock market and you and everyone else has been manipulated by the powers that be long before inflation or oil or Listen, this has been going on since the days of the tulips, my boy. So this has it's not about making Bitcoin's already relevant. What do you mean? It's worth a it's worth $76,000 per invisible internet token. PE, trust me, people are paying attention. I [laughter] I promise, you know, but uh that's that's some deep conspiracy stuff right there. Supreme Court doesn't work for the president and the FCC and the EPA. See that guy right there? He gets it. And the SEC ensures that all people trading securities follow the law. See, you get it. [laughter] [snorts] Let's see here. Gabigu with 21 months. Good to see you, buddy. Uh, yes, I am seeing that Discord is down. I am seeing that. Yes, I'm seeing that uh Discord is down. Oh, yeah. Big reports of Discord being down. So, Yep. Yep. Discord is currently down, folks. Took profit on a third of my monthlies today for 200%. Should I let the re should I let the rest ride, Jackie, or is that irresponsible? I can't give you financial advice, so you're going to have to You know that, Chuck? I'm not I can't tell you that. Discord halted. [laughter] Market be hating. Is Sheila Labof in the room with you, Jackie?
59:06No, shut up. Invisible internet token. I'm There you go. Lay off the weed. SEC is too busy watching porn. How would you explain Bitcoin to a boomer? It's an invisible internet token that allows you to buy pizza. But you're going to have to wait two uh two business days to buy that pizza. So, make sure you order 48 hours in advance. Navy Dean Everpure was the short play at 113 to 119 when it was outside. Oh, oh, oh, there you go. Nice. Okay, now I remember that. Yeah, yeah, yeah, yeah. Let's see here. Oh, I got an alert for Vara crypto stock. Vara up 7%. I bet you that looks pretty good on the weekly. It's not bad. That's cool. It's by Yeah, I would say still ju I would just wait. I would I would just I I really wouldn't want to take along for probably another like 15 to 30 minutes. I would I would let it just do its thing. User reports showed. Wow. Oh, yeah. Discord definitely having problems now. Yep. All right. Uh let's see here. Going back into the chat box. My Bronco [ __ ] the bed last night. Looks like it affected the markets. Classic. Didn't want us to succeed in Discord today. [laughter] GME 2024. GME went up to almost 12 and then back to 1080ish before we squeezed. I think we're a little bit further along in the run than that. That's uh that's kind of what I think there. Spy puking caused Discord to go down. Oh no, Ben L. Bitcoin harder. There you go. Shut down our comms today. Hey, it's a good thing they didn't do it yesterday. What is a great day to be green? Good to see you, Coops. This is a fine day. What do you think of the Chicago Bulls young star Caleb Wilson? Uh, I'm going to be honest with you. I've I've not heard of him. Uh, I like that. Uh, I like the kid that Chicago has. Um, what is it? Bus Busich. Is that his name? That kid that just, bro, can jump to the [ __ ] roof. That kid is uh, that kid's cracked. That kid's cracked. Yeah. Mus Buselich. I like that guy. He's cool. He had a nasty dunk earlier uh last year. He had a nasty one. He gave
1:02:03me the stank face. I did the stank face. In-depth analysis on IWM. IWM still has those multiple touches of weekly bearish divergence that make me nervous. So, we had three touches of bearish divergence that have now led to that retracement on IWM that we called out. And now And now it's looking to uh what the [ __ ] Now it's looking to retrace possibly possibly to the daily 200 down to 2792 on RTY. So on IWM that's 20 uh 275. So yeah, those weekly touches of bearish divergence on IWM uh have led to the retracement now. And now the retracement is resting against center. So, a failure of center means that all of our favorite stocks are going to get absolutely disintegrated. Uh, a hold of center means that life carries on. So, lots of big important decisions coming up, man. So many. [laughter] He can jump where? Nobody asked me about any of this. Wilson and Modus going to be a highlight reels. What's your thoughts on physical gold and silver? Well, I just bought I just bought some gold, actually. I just bought some physical gold. So, that's my thoughts. [laughter] Yeah, that's my thoughts. It really depends on the interest rate decision. if they signal uh more of a willingness if they signal more of a willingness to want to um hold interest rates and potentially cut in the future, then the gold trade is going to go up upup upup upup upup upup upup upup upup upup upup upup upup upup upup upup upup up up up up up up up up up up up up but if they actually do start to signal a willingness if they do start to signal a willingness uh to uh raise interest rates and actually get inflation under control, there's a pretty good chance that the gold trade uh could see a very deep retracement, but uh for right now uh my opinion is that they're not thinking about raising interest rates. So I think that uh gold is is reasonably safe for right now. Imagine [snorts] being in Discord waiting on stop ticks because you can't return. Freak the [ __ ] out. Must be where? What? What do I Oh my god. Might sound dumb, but are you trading physical or long-term? So, I bought physical and then I'm also trading uh
1:04:42Nugget. So, I bought physical and then I'm trading Nugget. Uh, in fairness, I did close a good chunk of Nugget at the golden pocket here of 200. I think I took profits at 200, I think, is what I ended up locking it in for. But, uh, I am still trading Nugget, although I'm getting dangerously close to stopping out. So, basically, my stop is just a little bit below this 382 here at 1. I think I set it at 14,950. So, I have a trailing stop all the way up here at 14,950. And then I'm hoping that ultimately this can carry on because I'm trying to see if I can call the bluff of the uh of the Fed. But I guess we'll have to wait till Wednesday to confirm that. Boji Jackie, have you thought about all the '9s things we're going to talk about in 28 days? On a serious note, is there a sector that would benefit most better of hikes, cuts, or no picks? That's a good question actually. So, spy select sectors. Is there any sector that would benefit more than others? That is a great question. That is a really good question. Well, uh I'll say this. If we think about cutting interest rates in the future, i.e. we pause them here tomorrow, healthc care stocks and biotech could go crazy. So XLV it could go crazy because the money printer turns on and then it's just buyout city, merger city, acquisition city. So I guess healthc care would be one that kind of grabs my attention. Um boy oh boy on the idea of a raise. If they raised interest rates, I would almost guarantee that real estate is going to get disintegrated. Like I I would almost guarantee that XLR is going to take a nasty [ __ ] I would also imagine that if they raise interest rates, the finance uh financial sector could also see uh a little bit of pain attached to that. So that's probably the two sectors I think that I would pay the most attention to on a rate hike. On a pause, I I think everything just continues to remain uh as we sort of seen it, which is small cap and risk assets start to uh or sorry continue to be bid up. So that would be kind of my
1:07:19thoughts there. I guess they will raise rates because they want to crash the markets. My my guy, that's not how it works. That's that's not how it works. You You think that one of the most narcissistic presidents of all time wants to crash the market in the middle of his presidential campaign? Now, I'm not even I'm asking you. I'm asking you. Do you think one of the most narcissistic presidents in history, do you think that that guy actively wants to crash and tank the market in the middle of his presidency? That that No, that's that's so [ __ ] outrageous that you just stop it. Just stop. Stop it, please. The gold Oh, I I thought it said gold TLT pennant. [laughter] Oh, that would have been a great comment. That would have had me [ __ ] rolling. Look at TLT, bro. TLT is almost at an all-time low, folks. You can't even make this up. Look at this. TLT is Oh, it actually did make an all-time low, folks. TLT yesterday made an all-time low. Can you believe that? Wow. TLT made an all-time low yesterday. Holy [ __ ] [ __ ] All right. If that harmonic completes on TLT, that's when the market begins to crash. You heard it here first. All right. When that harmonic completes, that's when the market starts to crash. Okie dokie. So, that's TLT at 69. Nice. 69 on TLT. There you go. So, that's when the market crashes. You heard it here first, folks. There you go. So 69 on TLT. You know, open is hurting when the price is back to four decimal places. [laughter] [clears throat] Everything is just stuck in mud today. Everything. It's horrible out there today. Like actually horrible. Uh let's see here. Consumer staples, lower rates, tech. Yeah. Yeah, that's I like that. That's a good one. Why have the criminal crime makers crime the market down with their crime algos? Darn you crime algorithms? Darn you. What's Spy doing? Still holding there. So, it's doing the thing. It kind of looks like it wants to hold support here. You know, from a riskreward perspective, there certainly is a a level of just uh justification here. This is kind of what it would look like. Like, and I'm obviously I'm not telling you guys to do anything. I'm just
1:10:19writing this down on screen as a mental note, right? But what my thought process would be is like the stop loss kind of looks like maybe like this. So, that puts you at what uh we could use probably like a dollar stop loss like that. And then the idea being is that you would want to try and target uh maybe the gap fill from what is this? Monday. So, from Monday to Tuesday, you would want to try and target that gap fill. So, then you would probably put that there. And then if we draw our little box on here, that looks like I think that's a little like 3:1 or 3 and 1 half to one riskreward ratio. Yep. 3 and 1 half to one riskreward ratio there. So interesting little idea there. See if that ends up panning out. So nice uh nice rounding top. That's that's the thing that has me excited. Fractals are fake and gay, but the rounding top is is pretty cool. This is nice. I like that. So, we'll see if it works. So, that is 757. See, I'm getting ready for Ocarina of Time, man. I'm jacked up. I'm jacked up for Ocarina of Time. Okay. See? All right. So, those are 130 bucks. E. All right. So, let's see if they'll give me a fill here at like 120. Maybe I could get like 120 125. All right. So, put that on there. Leave that there for a little bit. Then we'll head over to GME. Not really much to say there. Still uh I'll bet you the two-minut wedge has now become a three or a five minute. Maybe even a five. Yeah, the five actually. There you go. I got five on it. There you go. So, a little five minute structure. It's not bad. I really wanted to see this become a bump and run, but there aren't three touch points along these highs. So, I'm not super bullish on a bumping run there, but I do admit it looks it's cool. It looks cool. Spy [sighs and gasps] Nugget TLT. Check back in with the chat box. See what the chat box got going on here. Are you talking about the harmonic completion on TLT? That's at 69. That's where the harmonic completes. Uh let's see here. The only reason the Fed raises
1:13:07rates is because every other central bank is going to still are a world economy, but the market is priced in 25 basis points anyways. Raising rates doesn't open the straight though. See, there you go. There you go. US 10year. Yeah, the 10-year has just been mental. The whole the whole bond yields have been cracked. And if you guys didn't know this, the 10-year yield is actually Oh, did that complete? Yeah, it did. Okay, we'll hide this number here. The 10-year yield is actually the one that is closest tied to your mortgage rates. And you guys will remember Jackie spoke about US mortgage rates uh back in 2024 and 2025 because I told you guys that it was unlikely to see your mortgage rates return back to the levels that they were. And bada bing, bada boom, wouldn't you know it, look at those mortgage rates, folks. Boy, mortgage rates now all the way back to 6 and 3/4% on the 30-year. So yay. That's uh not ideal. That's not ideal. That graph is not painting a pretty picture. So, [sighs] it's going to be a bumpy [ __ ] ride, folks. It's going to be a bumpy [ __ ] ride over the next little while. But, uh no, we're we're in a good position. Specifically, GameStop is in a great position for it. Is there a video somewhere on what to do when GME gets insane positive premium? Yeah, we haven't actually looked at the premium yet today. So, let's uh take a look over at net flow. Let's go to GME. I don't think there's really much going on here, though. Pretty flat all things considered. And then last uh 3 to four days, we actually started to see positive premium, positive premium, and decent amounts of positive premium, 1.6 6 million uh 500k 2.4 million uh 190k. So we have seen some some decent numbers. We have seen some decent numbers, you know. Uh I just I really want to maybe I'm greedy, but I want to see more, you know. I want to see more. Uh let's see here. Uh, Vulgana says, "With the seven maple bucks, what are your thoughts on iron and AI neoclouds in general?" Uh, so I I don't I'm being dead serious when I say this. I don't even know what you just said to me.
1:15:48I I actually don't even know. AI neocs. I don't know what that is. I'm actually being serious. I I don't know what that is. Um, but I can look at the iron stock for you and we can do a little analysis on it. Um my Okay, just the first thing that I see here that immediately catches my attention. This looks like an uh accumulation distribution. This definitely looks like some sort of accumulation distribution. All right, put that there. Put that there. Make this red. That looks like an accumulation distribution to me. [sighs and gasps] Opening up the daily. Your daily is testing center but zero strength of trend. Opening up your weekly. Weekly looks to be in a parallel channel. Could you argue it's a bull flag? Uh you probably there's probably an argument to be made about it being a bull flag. And it has just continuously made higher highs and higher lows. H you're resting on uh No, I don't like that fib. Let's pull this one actually and just see Misha. Okay, here's your prior all-time high or IPO open and that appears to be a pretty big area of support. So 27 to 28 is your line in the sand of support. I know you're a long way from there, but I'm just making like a little mental note of it here. And then the other thing that I would say is right now you have the RSI resting on center with no strength of trend on the weekly. You have the RSI resting on the center and no strength of trend on the daily. I don't really see a whole ton of things that immediately jump out at me and have me incredibly excited. Um, I do see, you know, maybe this is a bearish harmonic here. Maybe a bearish garlic. Not bad. So, if this were to find some support on say the uh the center line of this parallel channel, then you could talk about making a push towards that harmonic completion. What you could also look at is drawing a Fibonacci from the highest high of this swing here, the highest high down to the lowest low. Just drag it across. Hold it there. Then what you could say is your line in the sand is basically right here at 42. If you lose 42, there's a
1:18:33good chance that you're going to come back down a pretty sizable chunk. All right? So if you lose 42, you're going to come back down. If you can hold that, there's a reasonable chance that not only could you push off of this center line, but you could make a break for the top of that trend line. Then all of a sudden, this starts to look uh a lot different. But right now, I don't see anything that immediately uh jumps out at me that just screams bullish positivity. So, that's what I would say for right now on this one. And unfortunately, I don't have anything to say about the uh AI cloud thing cuz I I'm being dead serious. I that makes no sense to me. I I I I don't even know what you're talking about. So, that's just how brain dead I am. It sort of just sort of just is the way that it is. Discord backup, by the way, for those of you uh listening. Discord backup. All right. How long we been on for here? An hour 19 minutes. Good. Good. I think we got uh two super chats in here today. That's good. Uh Sky Daddy Discord just came back up, but yes, it was down. Yeah, it was cooked. Yeah, it was cooked there for a moment, but we're back, baby. We're back. I just grifted you on MSTZ. Well, I'm only back to break even, Kenny's intern. So, it's actually your fault. It's actually your fault that I'm only at break even now. So, thanks a lot, dick. Oh, wait. No, I'm green. I'm now green. Okay, I apologize. I'm green. [laughter] A [ __ ] that's funny. Your Discord still spinning? Close it and reopen it. I can uh my mine is open. I can see it right now. I can see it right now. But if yours is still down, that wouldn't surprise me. Uh oh, this is definitely going to be a short day for me, especially after a 7-hour stream yesterday. That was more than enough for me. I I remember why I don't do those seven seven hour streams. Jackie, did you get filled? Yes, at 120. I got filled at 120 on the F uh 757s. Yeah, I did. Yeah, 120 currently. 125. So, I'll put the stop at I have four
1:21:09cons. I could probably afford to put the stop at 90 bucks. So, I think I'll put the stop at 90 and then we'll just uh we'll see where this goes. But yeah, 757's at 120. And then we had uh Bill Jeet with the $5 bomb marino saying 25 in. Look at that. Oh, and he deleted it. He deleted it, folks. It's gone. 25 inches. It's gone. There you go. It's gone. He stole it. Do mortgage rates hit eight? Let's wait for the Let's wait for the Fed decision on Wednesday before we make any decisions. Is there a 15-minute clench fist that broke today? On what? Sorry. On GME. on GME 15 minute. Uh, no. I I'd probably say no cuz like all of this it got sort of defeated. You know, this is all nice. That's fine. But this this didn't do it. This one didn't do it. I'd probably say on that one. I would just say the 15minute had a had a big failure swing. Right. Look, the the 15 Oh, I didn't want to delete that. The 15-minute was in a big failure swing, guys. That's it. Look. Uh, where's my drawings? This is a high. This is a lower high. This is above 70. Draw the line, right? Draw your confirmation line. Boom. Right. This is a high. This is a higher high. That's bearishly divergent failure swing. broke the confirmation line right here. Down she went. Simple technical analysis, folks. Just nice and easy, right? That's just the RSI. But having done all that, it's also created a massive touch of hidden bullish divergence. Like you have a you have a gigachad touch of hidden divergence. So, uh those spy calls are at 130 now. Come on. Just make a little bounce. Give me give me like just a $1 move and let me get out of these. Uh Chewy doing all right. GameStop still watching that uh what is it? Five minute RSI wedge channel thing. Fivem minute now attempting to cross below center. So five minute on GME looking a little bit better. Yeah. And that 4hour closing uh that 4 hour is going to close in about an two and a half hours give or take. And with that 4hour candle closing that's going to get us back in the bull zone. So again more bullish positive
1:24:05things that have transpired as we have had this little pullback. So come on spy. Don't make me [ __ ] watch you go up and down [ __ ] pennies. Come on. [ __ ] move, you little [ __ ] [ __ ] I probably just shouldn't day trade because at this stage it just it doesn't really feel like it's going to make the moves it needs to. And then as soon as I say that, that's where it's going to find a bullishly divergent bounce here and [ __ ] explode. So, I'm just not going to touch anything and I'm going to live in this is the end. Close your eyes and count to 10. Feel the earth crash and then my spy calls will go up again. When the puts fall, my calls stand tall. Bears will fall. Sorry, that's too much fun. Microsoft left a uh Sky Daddy just uh I I think that you're flipping a little short on this one. Correct me if I'm wrong on that one, but if you are, there is an indicator signal that was left on Microsoft back to 438. So that's worth keeping an eye on there if you think that Microsoft might be to topping out here with a potential failure swing. So big potential failure swing that has ultimately broken the confirmation line, back tested it, and now looking dangerous for a breakdown. So [sighs and gasps] what what's Sky Daddy thinking on this one? Jackie Lat, have you looked into an adjust? Yes, I have. I have. I have. I have. Um, they're expensive. Or at least the one that I was looking at was expensive. Today at Microsoft five minute five minute five minute $55 bullish long. I like the uh it's very awkward. The the spike is so [ __ ] awkward. What a weird uh what a weird motion in the ocean here so far today with the markets. I like the bullish divergence. It's a big touch. What about the 15 minute? 15minute. You could even make that same argument. That's a massive, massive higher low. Oh, you got hourly Rick and Morty lips there, Sky Daddy. Look at that. Holy [ __ ] Look at those hourly Rick and Morty lips on uh Microsoft. That's really sharp. I'll post that in Sky Daddy's thing there. Oh, I
1:26:59guess I can't. Yeah. So, Discord's still cooked. So, yeah, check this out, guys. Uh hourly Rick and Morty lips on uh on Microsoft here. Look at this. Those are like crazy crazy tight. Look at that. Look at those Rick and Morty lips, folks. Those things are crazy tight. So, maybe Microsoft can help pull up uh pull up our spy calls and get this thing to get a little bit of a pump. I I'm seriously thinking of just cutting this off for like a like a [ __ ] $6 loss here because I I'm just I'm not seeing the bulls step in here. I'm just not seeing it. I mean, what's really I'm only risking like $150. So, really, what's the what's the hurt in holding it? What's the hurt in holding through a little bit of pain? Okay, I mean the contracts are still sitting at 10 103. It's probably probably smarter to just cut them off at this stage. I mean, it is testing that low right now. It's only like an $80 loss. So, I don't know. I think it's probably I'm trying I'm trying to talk myself into holding it because I do I do think that that five minute is poised for some sort of breakout and move. But I've clearly found myself being a little too early here. Could I double the position? What's it what's it trading now? 101. So if I do that [snorts] four more 400 jiggity swan and that brings cost basis to like 110. [sighs] Nah, I'm going to hold it. We'll just we'll just we'll just hold on to it here for a second. We'll just hold on to it here for a second. Let's see if that can give us a wick. I'm assuming that there's probably somebody speaking or or some sort of news that's coming out. Let me just hop on X here really quick. Just see here. Bessent decrease in reserve holdings of dollars is mainly from Russia and China. Okay, so Bessant is speaking I guess. So, uh, Spy just made a new low of the month. Spy just wicked a new low of the month. So, that's no bueno. Yeah. And what are those contracts? 90. Yeah, 90. So that was right where my stop loss was was 90. So yeah, that's we're cut those are cut off
1:29:37now. So maybe I could look to re-enter them. But uh yeah, no, that was 30 60 90. That was 120 plus my fee. So $135 loss there. 135 loss. And I think I should probably place an entry where my stop loss was. That's probably the most logical thing to do here. Why does it feel like I'm forcing this trade? No, I No, I'm just not going to touch it anymore. I don't need to force a day trade there. It's just not worth it. It's not worth it. It's not worth it to force that trade, especially with the conditions like now. So, Bessent in front of Congress full [laughter] a closet says good job. Thanks, man. I appreciate that. Your comments are always so positive. Aa, they're always so positive. I love them. [laughter] Let's see here. I just I don't really think it's worth chasing that trade. The trade was to hold that support and launch off of it and it just didn't. So, that trade is just no longer there and now that didn't work. So, could there be a trade? Sure. But, uh, now it just feels like I'm chasing it. And I don't I don't want to feel like I'm chasing the trade. It's just not it's not worth it to me. So, maybe if I pull a fib and we see something here. Yeah, there's the 382 and that's down at 75480, which is another $2 from where it is now. So, yeah, I think I'll probably just pass on that and then just wait. Could be a better day trade to be made here later. Back at 7, what is that? 75480. So, could be a better trade to be made there in the future. But yeah, we tried. Didn't uh she didn't go. She didn't go. That's the way of the road. That's some trader psychology for you. Look at that. Can't be perfect, folks. Oh no. Oh no. [snorts] Uh Jimmy seems to Yeah. Yeah. I mean, it's holding up just fine. It's not really It's really not doing anything. Everything is just so lazy and shitty. No, it was a good setup. Agreed. Totally agreed. It just didn't work. That's all right. I'm not uh I'm not mad about it. I still think I probably should have put an entry where my stop loss is, but it
1:31:56feels like I'm chasing it. It feels kind of like I'm revenge trading, and I I don't want to feel that way. So, that's why I'm just I'm I'm going to pass on it. And then GME, uh fattest candle of the day, pushing us to a new low of the day. New low of the day there for GME. Crackhead got another tooth. Yeah, there you go. [laughter] Let's see here. Checking in on. So, the Microsoft Rick and Morty lips I'm definitely be going to be keeping an eye on. And then Spy. Spy is getting that wick. It's going to make me do it, isn't it? [sighs] Don't do it. Don't do it. Don't do it. Let's see here. Uh BTC. All right, let's take a peek. Take a peek at BTC. Yeah. So, Bitcoin and crypto now having a little bit of a bigger puke. And that MSTZ trade for us. Thanks, Kenny's intern. Putting in the work for us. So, loving that. That thing's putting in some work for us. Yeah, Spy. No touchy for right now. It just it just isn't worth it. The the signals just aren't there. Maybe a double bottom and oversold, but let's get that five minute to close first. You know, UVXY oil is back up again. Yeah, thanks for pointing that out. Oil is back up. Christ almighty. Oil is just a [ __ ] machine. Gold coming back. Vote on the Clarity Act in the Senate today by reclaim of that previous full port 1 mill. [laughter] [sighs] Oh, good grief. All right. Well, I don't if the 15minute goes oversold. So, it still has another 3 minutes before it closes. But if the 3minut goes or if the 15-minute goes oversold, I think I'll probably long spy again uh with the entry where my original stop-loss was that just got stopped out uh for 30 bucks a contract. So, I think that might be what I look at here next is to see if that 15minute goes oversold. But I I do I I think I'm probably gonna trade this again. I'm probably gonna I'm probably gonna try because I don't think it's just gonna straight shot all [ __ ] day. I I really really don't think so. I think we'll find some support and I think it'll turn back. Maybe uh maybe I'll just
1:34:47like size light into contracts. Like maybe I'll just do like two here, then maybe another two if it goes back to 90, and then maybe another two if it goes to 80. But I I think I'm just gonna do a long trade here and just live with it. I I think that's what I'm going to do here. So, I got two contracts at 97 each. I did the exact same ones and I got two at 97 each. And then I'll do two more if it goes below 90 and then I'll literally just hold them cuz I I really don't think it's going to sit here. So maybe my entry was a little bit early and I should have waited that 15 to 30 minutes that I was kind of saying to you guys to wait, but uh we'll see. I I I I really don't think I'm wrong. I I don't think I'm wrong on this one. I think I was just a little too early on that one and should have put an entry where my stop loss was. But we'll we'll revisit this. We'll revisit this in a bit. And then I need some water and I got to heat up my coffee. So, let me play one quick tune here. We'll play one quick tune and we'll uh continue to fire it in there. >> OKAY, KIDS GANG IN THIS [ __ ] SKY DADDY ON THE CHARTS. LET'S [screaming] GO. [music] OKAY, CUT. OKAY, GO. LET'S GO. FROM [music] THE DISCORD TRENCHES, DEEP IN THE SOUTH. SCOTT DADDY DROPPING CHARTS. HO, SHUT YOUR MOUTH. TECHNICAL ANALYSIS. STRAIGHT HEAT FOR REAL. CANDLES LINE UP. [music] WATCH THE GREEN GET IN THE CHEST EVERY DAY. NO DAYS OFF. TRADES [music] GET SHED THEN THE MONEY GET TOSSED. JACKIE LET'S HIT STREAMS. HE LOCKED IN TIGHT. SOUTHERN BOY GRINDING FROM morning [music] to night. Who that is? God daddy. Who that is? GOD DADDY. DROPPING. DROP THEM LEVELS. MAKE BACON. I'M [screaming] SCATTER. WHO THAT [music] IS? Sky daddy. WHO THAT IS? GOD DADDY DISCORD. GOD AIN'T NOBODY BETTER. SKY daddy [music] daddy. WHAT DICK GANG KING? He running this maps in the chat. He a so fat [music] check on the stream. He never miss. OKAY. SCOTT [music] TRADING GUY STATING THAT cash from the discord TO THE PROFIT. WATCH IT GO fast
1:37:17truck. >> Dropping cash on your mama's fatty. Waking up [music] early premarket heat. Boasting them sets that can't be beat. Supporting resistance feed but not your clean. He see the move before it even lean. Jackulates his live. [music] He right there tuned in. Calling the place while the volume spin community when he drop the alert with Scott daddy. [music] >> THAT'S THE WORD >> FROM THE GROUP CHAT glow to the YouTube light. Scott daddy keep the energy right. No fluff just [music] fuel signal and mis gang forever. We train through the night. Yeah. [music] Okay. Sky daddy up on the wall. SKY DADDY SKY DADDY. [music] WHAT? TICK GANG KING. HE RUNNING THIS MAP. Chop chop chop chop charts in the track. [music] So fat jack on the stream. He never miss sky sky. Okay. [music] TRADING GOD STATUS STACKING THAT CASH. From the discord TO THE PROFIT. WATCH IT GO FAST. Sky daddy [music] drop dropping cash on your mama's fatty [ __ ] daddy. [music] Okay, we are sky daddy forever. Body better watch sky daddy when he on the scene. [music] He may show up with his trusted trader tag and steal. Darling, >> Sky Daddy, the real bad. If you didn't know, [music] now you do. Sky Daddy, it's TG through and through. [music] WHAT DO WE HATE? >> NEGATIVE PREMIUM. >> WHAT do we want? >> Positive premium. [music] >> Positive premium. Positive premium. Positive premium. Positive premium. Go go go. [music] Almost there. [music] What do we want? What do we want? Say it louder. [music] When do we want it now? [music] Positive. [music] >> We're about to break out to the moon. [music] >> [music] >> What do we want? [music] >> [music] >> positive premium. [music] >> Back to the light. Rise from the darkness. [music] this thing right together. We the best. [music] >> What do we hate? [music] What do we hate? What do we want? [music] What do we want? >> [music] >> Down. [music] Positive. Bring me out. Positive. Radio. [music] Positive. Premium. [music] >> [music] >> Heat. Heat. [music] >> [music] >> with a tread on teach you about the KDJ trade [music] Like so chastic follow it rule profits be fantastic let go of the snap elastic [music] bouncing off the walls gymnastics [music] traders assemble charts in a world
1:44:13the king giving signals a twirl from stochastic roots [music] it triples the fun leads the charge smooths the runs the [music] Wild car crashing the gate gate 90 highs and lows at the rate break close minus [music] low the overrange so grand 4% smooth with a hand then [music] chase the spark 3kus 2 light in the dark [music] blazing bright over [music] blaze join the discord crowd 502 295 golden retight [music] high [music] break. >> Place your wager trader under the light. [music] >> [music] >> KK hooks [music] up D from the depths down low. Buy signal booms. Let the green money flow. Change it below. Negative 20 oversold. Wo. Time to scoop bars. [music] Watch profits grow. 120s the ceiling. Sell it near. Short the surge. Conquer your fears. Divergence is dancing. [music] Bullish or bearish guys. Fast a slow pair of customize the spies but beware the bull traps rap the whips so [music] wax KDJ's a flirt flirt but it maps the tracks pull back >> patterns in play KJ [music and singing] volumes the villain building at the crack >> 50 [music] screaming but 229's the dream >> the pivot >> save your Right [music] standing >> saving your time. Triangle tension two years in the grind. >> Break out the [music] boom. LEAVE THE WEAK BEHIND. >> HEY JACKIE. Hey Jackie. Screams blazing bright. KJ dancing high [music] crashing tonight. 50 SOS alarms. Join the [music] discord crowd. Lord 2295. Golden glory wed KJ. You were so tight. Half high [music] break or bearish spy. >> Kiss the wedge. Goodbye. Ignite the fight. [music] >> [music] >> Tweak them settings fast for slow motion. 933 keep the [music] real devotion. Slow it to 21 for the patient grind. KDJ whispers what the big boys mind hidden divergence creeping on the chart. [music] Price makes slow but chases not depart. [ __ ] and power reversal in sight. Stack them contracts. Hold through the fight. Whisk. Get off [music] smart. Never bet the farm. Stock lost below the swing. Stay out of harm. 50s breathing heavy [music] at the major zone. 2295 magnet PULLING IT HOME. JACKIE ON THE SCREAM. Voice [music] cutting through the noise. 50s. Lord awaken. Time to deploy. Wedge compression building [music] volcanic steam. One good candle and we shatter the dream. Volume [music] search coming from
1:48:02the breakout shorts getting squeezed long side taking the route from over valley [music] to the moon shot KDJ symphony got the popping off fle swinging for [music] weeks respect the indicator it speaks what it means the SOS still bringing through the frame 2295 [music] forever lighting the way those KJ command [music] from over shadow to overboard. [music] >> Jackie's grinning wide >> 50s forever will say 2295 [music] every day by your snap where the thunder was cracked [music] your way. Heat. [music] >> [music] >> Patience might might just [music] be for [ __ ] at this stage. What did he say? [music] I'm investing because of Ryan [ __ ] Cohen. This guy has proven every step of the way that he's fighting for us >> while [music] tun these toes are tapping. Yeah, those be smooth. Buckle up [ __ ] I'm already [music] >> Ryan is working hard to business. But the number one thing at this stage now is belief and conviction. [music] >> See what happens. All the shy slacking. Bunch [music] of haters think he's capping helage like a kid. [music] But soon those short cheeks will be clapping. [music] Guess we'll see what happens. >> [music] >> Yeah, I want to make myself clear here. I may not have been trading for as long as some of these other people, but I can confidently say that there is [music] nothing that I believe in more. Nor is there anything that I think [music] presents as much of an opportunity as GameStop currently does. [music] The reason I say that is because I see a vision that is being put forth by Ry. That vision [music] to me is showing a very clear path to pivot GameStop's business entirely away from what [music] it's doing right now. [music] >> RC has a very clear plan and path going for it. He wants this to be a gigantic e-commerce powerhouse. [music] >> [music] >> This is a stock that is trading at unequal [music] value. It's not something I have to think about. I don't have to go look at the PE ratio. I don't got to look at the price. No, I I know [music] there's under value right here. I'm I know I'm good. Another fighting in my clapping. [music] This is fing slapping. But I hold myself in
1:52:23the hands. >> If the market or the algorithms [music] or the short sellers or the arbitrators decide to [ __ ] send it lower, then so be it. But at I'll just buy more. [music] >> [ __ ] is going to hit the [ __ ] fan. And everyone else is going to miss it except for you guys [music] because you are the only ones willing to watch this pile of [ __ ] over the last several years. That's why you're going to make it. [music] >> [music] >> We had a request for the new spaceuit song. Uh, [ __ ] You. The song is called [ __ ] You. So, we're going to go to Spacuit. We're going to find Spacuits tunes. The wife is awake. Good morning. And spac suit. Where is it? I cannot find. Help me. Spacuit. Help me. Maybe it's on my homepage. >> [ __ ] you. >> This Aha. There it is. Oh, it's can't wait to quit my 9 to5. I thought [music] you It's Can't wait to quit my 9 to5. All right. Well, that's why I didn't cook. I didn't cook. Orange sharp move down base sharp move down. [music] [ __ ] you. Move down base sharp move down [music] for [ __ ] you move down move down. [ __ ] you. [ __ ] you. [music] [ __ ] you. >> [music] >> Studios. >> So what happens when you short a stock over [music] 240%. >> Look at all those. >> This business now has a rabid base of [music] shareholders that have educated themselves over the last several years. That [music] education has provided a level of conviction, a level of confidence to those very same investors that have been buying and holding the [music] stock for the last four plus years. The fear that those investors will continue to buy more regardless of [music] what the price is scares the bear because the bear recognizes that there are only so many places that we can take the price down because if we drive the [music] price lower, the bulls are going to soak up that liquidity and they are going to buy all of the shares. And I'm not even talking about [music] just simply retail at this stage. I'm not even talking about the cat yet. I'm talking
1:55:21about hedge funds and institutions that look at GameStop the way that we do. And what's interesting, [music] furthermore, is that some of these hedge funds and some of these institutions don't like one another. And if they get the opportunity [music] based on some fundamental analysis of a company that was once thought to be dead, if they have the ability to buy said company and [ __ ] over another hedge fund or an [music] institution that they don't like, I promise you, they will eat one another. and it won't cost us [music] a dollar to watch it. What comes next is often referred to [music] as a dog world, but in this instance, it's very bare world. Because what happens next [music] is those same short sellers recognize that I better be the first one to hit the door because if I don't get out before all those other guys, I'm going to be the last one holding the bag. That bag perhaps could [music] cause some economic destruction the likes of which we have not seen in [music] two decades. The last stage is oops prolapse [music] move down base down [music] move down. [ __ ] you. [music] Down [music] for you. Down [music] in the >> They didn't believe us. [music] They're going to know now. They're going to see now. They're going to be like, "Wow." They're going to be like, "How?" [music] They're going to be like, "Oh [ __ ] Hey, can't wait. Should I buy JME now?" And I'm like, "Bro, [music] you're too late. You can't afford it now. Cuz the price is at 72. And now it's at 120 220. [music] And what now? What are you going to buy it after it rips? FOMO in the five shares. Are [music] you going to buy when it's at 300 into the shorts? You [ __ ] lost, [music] bro. Bro, come in your position before your damn [ __ ] buddies do. Who's going to be [music] out the door first? I know you don't want to be the last one. Exit. You [ __ ] lost, bro. And we [ __ ] [music] won. [ __ ] you. Shark go down. [music] >> Today is feeling a bit whimsical. [music] Not a tad bit too fantasting [music] [singing] [music] [singing] on the sidelines. We're standing tall.
1:58:54Going to buy them all. [music] Oh no. We're the big guns [singing] of the market. No time for small. Riding waves through [music] the chaos. Never going to fall. [singing] Diamond in hand steady while the paper has [music] broke. Looking wild, but we rip through it all. From the dips till the rips. Yeah, [music] we answer the call. Cash in the banking on the throne. [music] Transformation season. Watch the star. Give up. >> It's GameStop. Earnings day. Turn the volume up. Hype [music] is in the air. We're never going to stop. Mo's dreams floating shorts about to pop. Diamond hands united. Let the rocket drop. GME [music] GME. Like the fuse today. From the console to the moon. We're leading the way by whole DRS. That's the [music] only place. Games are burning day. Let's [ __ ] go [music] burning dead. Power to the players. >> [music] >> Pixels on the screen from retro car tricks to the new machine. They laughed [music] at the store said retail is dead. But we built an army with memes in our head. [music] Candy in the core sweating through his suit while we stack motility [music] and coming. Join a roaring crowd. >> [music] >> Vibes with a fantastical twist with a retail revolution that Wall Street mission [music] fears. We're locked down. We're loaded together strong [music] earnings dead. Turn the volume up. Hype is in the air. We're never going [music] to stop stop our streams floating shorts about to hop hop. Diamond hands united. [music] Let the rocket drop, drop GME, GME like the fuse today. From the console to the moon, [music] we're leading the way by old DRS. That's the only way games are burning. >> Let's [ __ ] go. [music] Games are burning, [music] distorted, reported all day. But we see the truth through the view and afraid. Today we ride the wave. No fear in our eyes. Earnings call coming surprise after surprise. Hands of diamonds, [music] hearts on fire. Change our nation. Take it higher from zero to hero. Beyond the dark tale. This [music and singing] isn't just a stop. This is the grail. It's stop burning. Screaming from the room. [music] Absolute proof. No more excuses [music] anymore. Now the clock is ticking juices to the moon till the [music] shorts all die. Today is
2:02:45fantast. [music] We own it all. [music] >> [music] >> One more. One more. Just had to give the dog some pills. >> Something stopped your deletion. We need to find out why. >> But this wasn't the mission. >> The missions change. They always do. >> Are you sure? Oh, [screaming] [music] heat. >> [music] >> Holy [music] [ __ ] There's a lot of green in most [music] of the place are pumping [music] up. Yes, they're pumping up. Yes, they're pumping up. Yes, they're [music] pumping up to the [ __ ] moon. They're pumping up. They're pumping up. They're pumping [music] up. Pumping to the moon. Moon to the moon. Moon [music] to the moon. Holy [ __ ] [ __ ] [music] This is awesome. I hope it keeps [music] going. Carry on my way with a traitor. There'll be peace [music] when you my call. Lay your foolish [music] head to rest. Don't you put no more. [music] Holy [ __ ] [music] There's a lot of green and most of the [music] are pumping up. Yes, they're pumping up. [music] Yes, they're pumping up. Yes, they're pumping up to the [ __ ] moon. Pump. They're pumping [music] up. Pump. They're pumping up. Pump. They're pumping up. Pumping to the moon. M. [music] Moon. Moon. To the moon. Moon. Moon. To the moon. Holy [ __ ] [music] [ __ ] This is awome. I hope it keeps [music] going. >> [music] >> Carry on my way. [music] There'll be peace when you call. Lay [music] your bullish head to rest. Don't you put no more. [music] All righty, everybody. All righty. Good to see you guys. Good to see you guys. So, still working on these spy calls from 97 bucks. Uh oh, I just got logged out of the broker. Sorry, one second. Uh, all right. Now sitting at 125. now sitting at 125 on those from 97. So, we're making some money back. Making some money back on those. [sighs] Uh stop losses are already uh up to break even on this and I'm I'm straight up hoping it's buy at least on futures here. It's going to break this 236 and push us towards that 382. And I'm I'm hoping that happens like right here right now. So, uh we'll see. We'll see what happens here. But [cough] the
2:08:15spy ones uh got some money back on those. So, that's that's good, I guess. And then GME, not much to say here. Uh five minute has some bullish divergence. The 30 minute has made a big inside bar. So I was just marking that off there. You guys can see inside bar inside the prior 30-inut candle. So I've marked off the upper Ugga. I've marked off the lower bougga. And uh that's it. That's all we're waiting for and watching now uh with regards to GME. So, either a break of 2136 or a break on the low of 2113. So, that's what we're looking at there for uh for the old spy or excuse me for GME. I Why do I keep saying spy? GME GME GME. GME GME GME GME GME. Okay, there we go. Got it. Got it. Got it. Got it. Got it. We got it. It's good. I got it. It's good. It's good. It's good. All right. Chat box inverted dandruff. Yeah, definitely could be. Yeah. spy 30-minut tweezer. Close. I'd probably call it an inside bar to be honest cuz you didn't make a peak at the top or the bottom of the last 30 minute candle. So, I'd probably say it's it's more of just an inside bar, but I I see the idea that you were going for. I don't disagree. I would just say I think it leans more towards being an inside bar. And then Spy has to hold that trend line. Spy has to hold that trend line. Like, desperately has to hold it. Otherwise, I'm going to stop this spy uh spy trade out. GME doing absolutely nothing. We have been live for a little over two hours now and we have just we have nothing. We have we have there's just nothing [ __ ] going on right now. It is uh it's certainly something out there. I'll tell you guys what it's certainly something out there. Tech is down pretty rough. Amazon, ever since that gap up on its earnings, has just been terrible, blowing through its moving average of the daily 50 now. Oh, it's interesting. [sighs] Weekly. That has to be bearishly divergent. There's no way that's not. Yeah, it is. It's a big one. If it loses the center on the weekly, man, Amazon is going to get cooked. Apple,
2:10:47you can make the argument, is making three touches of bearish divergence on the weekly for you. Wow. Why does tech look so bad? What the [ __ ] NASDAQ yesterday was like, "Well, maybe we should slow down." >> Yeah. But then Trump said, "Never mind." Trump said, "Don't worry about slowing down." Whatever Trump says, those guys will just suck him off and [ __ ] pay him some more money and AI race will continue to carry on. They can say all the right things, but it's the same things that all the people at Google and Meta and [ __ ] Cambridge Analytical >> Google and Meta were not there saying that. >> Yeah. Well, Google and Meta sure were happy to stand next to him during his inauguration, so you might as well [ __ ] dig your grave. >> The yen carry trade question mark. So, the yen hasn't really done anything since that little pop that it had there um for like a couple of days really. So, the yen had that big pump there for a couple of days and now it's just coming right back down. Did it leave any indicator signals? Yeah, it did. Yep. Back at 063. [sighs] Ah, I'll bet you that's bearishly divergent too to some extent. No, not really. No, not really. Actually, it's not bearishly divergent. Where's the dollar? Dollar still [ __ ] H. Yeah, cuz TLT hit almost Well, it hit an all-time low yesterday. Yeah, TLT hit an all-time low yesterday. That's crazy. That's actually [ __ ] wild to think about that TLT has been trading since 2002. >> Yeah, but that's No, >> no, not really because bonds are very closely tied to mortgage rates, specifically the 10-year. So, if the 10-year bonds continue to be dog [ __ ] and the yields continue to rise, that means that your mortgage rate is going to increase. So, if you have a variable rate mortgage, that means you're going to get you're about to get [ __ ] cooked because interest rates are not going down anytime soon. We're probably still a solid 12 to 18 months away before uh before we hear anything about um anything about lower mortgage rates. First, it's got to top out, you know, like we're it's still doing this. Like, it's still just going vertical,
2:13:52right? So, before we see anything about mortgage rates coming backwards, we got to at least see it top out. And that's that's what 2022 was. 2022, that was why we we raised interest rates and why we had the bare market of 2022. We raised interest rates to curb the inflation. And then once we had curbed the inflation, they paused interest rates. And then that's what started to bring us out of of the market. And that's also what started to bring mortgage rates back down is because the bond yields started to fall. And then uh I'm trying to think what what triggered the bonds to I mean technically speaking, if you want to go there, the the thing that really helped trigger the bonds to continue to do what they've been doing uh was the regional banking crisis back in 2023. That was that was kind of the thing that sort of kickstarted this whole charade. So yeah, it's uh 93% chance of raise on Fed Watch tool for tomorrow. Oh man, I hope I'm right so then I can rub it in in everyone's faces and if I'm wrong, I'll not stream tomorrow. [laughter] Jesus. [gasps] Oh [ __ ] that's funny. Let's see here. Uh, Ken Mayo is no longer in GME. Where do you see that? Where do you see Citadel sold its GME holdings? Where do you see that, sir? Cuz that uh I I'm going to I'll just say it without even looking. I'm definitely pressing X to doubt on that one. What's your prediction? That they're going to hold interest rates steady. They're going to hold interest rates. >> Is it in GME uh room? >> No, I just >> 69,000 shares. >> I fart that much. >> I fart that much. >> Citadel probably owns tens of millions of stock. uh said they reduced their position slightly. >> Yeah, reduced position slightly does not equal close the entire thing. Doobie also negi descending channel neg. All right. Oh yeah, that's nice. Yeah, someone brought me one yesterday in Discord as well. What was that? That was the hourly on the warrants. I did have that drawn. Yeah. So, the hourly on the warrants definitely is an RSI wedge of some kind. Definitely. And what? Where? Oh, I'm trying to buy a house now. I have enough for 20% down
2:16:57on a 500k house. The rates are so [ __ ] high that it costs 3K a month to borrow 350 grand for you. >> That's insanity >> for you. 3,000. And that's, by the way, that's American. That's American dollars. [laughter] >> That's That's 40 That's like That's got I think that's 4,400 Canadian. >> Holy [ __ ] And that's 20% is a huge chunk. >> 40 4,200. 4,200 Canadian a month for a mortgage of for a 350k mortgage basically. >> No, >> that that is that is mental. That that's actually mental retardation. Not you, Gio. Just generalizing the stupidity of the market. That that's actual [ __ ] stupid. That's crazy. What would a surprise? Oh, no. They're definitely not going to cut. I I know that I know that you start it with the odds are very low. I I I promise you on everything I love without a s a 101% certainty they're not going to raise rates or excuse me they're not going to cut rates. I I I I 101% I promise you they will not cut rates. Not immediately. This one they will. It's the choice is either hold or raise. That's it. I think that they're going to hold. That's that's my guess. So, but they definitely uh no doubt in my mind they will not they they absolutely will not cut interest rates. There's no way they they I think what we my idea is that they need to see the data first following midterm elections and how the market kind of reacts to midterm elections and then we can kind of decide, you know, about that rate cut pause or hike, you know. But I really just don't think that at this current junction with the midterms coming up and everything else, I just really don't think that this is a a a smart strategy. So that's uh that's that's mostly where I'm at with regards to what's going on here. And I I really don't think that we're going to raise it, but I could be proven wrong. So let's find out, you know. Let's see here. I'm still going through your guys's comments. >> Okay. If you're comfortable, if you're comfortable with it, would you mind sharing uh maybe what your mortgage payment kind of looks like right now? Um, I'm seeing some answers in
2:19:48the chat box that are genuinely concerning me. Seriously, like I'm I'm seeing some answers in the chat box that like I'm not worried about your financial health. I'm just like I'm looking at this and I'm like I look at what I make as a trader and doing all this kind of stuff and I'm looking at some of your guys' and I'm like, "Bro, even I I don't even know that I would want to carry that kind of like amount of dollars for my mortgage. That's crazy. Spy. Uh, by the way, our spy calls are now up, uh, like a really healthy chunk here. I think we just hit 135 from the 97 entry. I think we just hit 135. We might be creeping 140 here, guys. We might be creeping. Sorry. Once my broker closed me out for a second there. 135 right now. Hit a high of 140. So, we are ticking up, folks. So, I would lock in a little bit there. That's just me. It's obviously not financial advice. I don't even know like what what I'm doing here. I would just say that this looks like a reasonable opportunity to lock in a little bit of profits if you were trading from that 90 to $100 entry-ish. And uh now we'll see if we can get that larger push. I I think futures broke the 236. So now we're trying to break whatever this weird little trend line is right here. And let's see if we can get that 80% pump to the 382 on futures. And then if we open up SPY, that should give us a fib from this high to this low. We're probably right near the 236. So, first target 75790. And then if we break that, we should see a big ass move. But our calls are booming here, folks. Now, 140 140 on the uh 575 or excuse me, 757 C's. 140. We just got 140 there from the 97 entry. So, we lost that first trade, right? And I contemplated, contemplated, contemplated, decided to do it, and uh hey, we got rewarded. The the long trade looked good. Now it's broken out of that little wedge. Now, let's see if we can get a little bit of a bigger candle, little bit more continuation. Let's see if we can break the 5m minute 21
2:21:55EMA. See if we can break that 236 and see if we can uh hop on out of this little bottom of support and uh get those calls maybe even up towards $200 or 100% on this. So, let's uh let's see what we can get. Let's see what we can get. And then Jimmy battling uh it's 236 as well and getting close to the upper Ugga from the 30 minute inside bar. So, we got the Ugga and the Boougga inside bar there, folks. The Uggabooga. Then we've got Service Now. That thing is just a [ __ ] machine, dude. Service Now is a beast. And then we've got SPY holding strong futures testing that trend line of what could be a weird inverted head and shoulders. GameStop testing the 236 at 2132. And that's that's really what I got to talk about here so far, man. It's uh all right. It's buy little rejection of that 21 EMA so far on the fivem minute. [snorts] 5 minute still looks good for a breakout. Just uh just a little temporary retracement and back test of the 236. Let's see if we can pop up off of that. Let's see if we can make a little inverted head and shoulders and pull out of this. It looks It looks good. It does. It definitely looks good. Then GameStop, man. It sure would be something if GameStop could get back to break even by the end of the day. Hey, uh I was also drawing something. So, we have an hour and 43 minutes and I'll probably be signed off by the time that this happens. But I did want to show you guys this here. I drew I put the parabolic S on the 4hour time frame for GME. I put it on here and then I drew where I figured the next parabolic S dot was going to be on the 4hour time frame. And that would take us roughly to $21. If we were to see GME on the 4hour or any time frame, it doesn't matter, but more specifically in this instance, the 4 hour push back towards 21, there's a plethora of really interesting things that would begin to happen. Number one, you would trigger the 4hour parabolic S, which would be the first time since this run started that you would be triggering
2:24:19that parabolic S, which could be pretty bullish for us to stop and reverse. Not only that, but then you'd also be back testing the macro 236 at 2098, right? You'd also be back testing the macro 236 at that 2098 or let's just call it for example uh or just for posterity sake, let's just call it 21. So you'd be back testing two individual 236s as well as the parabolic S. And then if we head over to the daily, right, that retracement, if it were to get, let's say, if it were to come back there or let's say even just anywhere remotely in this range, we are currently finding ourselves back inside of the daily Ballinger bands, folks. And look at the volume. This is pathetic. All the volume that drove us up here. Look, this is pathetic. This is nothing. We are simply looking and waiting for the stock to just consolidate, go back in the bands and then carry on with the next move. The daily RSI still in the bull zone, right? The daily MACD still strong. Histogram still looks beautiful, right? We have that weekly MACD getting dangerously close to having a cross under the center. There's a lot of things that we still really like about the chart here, right? It's just, we spoke about it this morning, the 4 hour hit overbought. And matter of fact, it hit an overbought signal that we've only seen seven times since the great sneeze of 2020. So, the the big thing uh that that you really kind of want to focus on with GME now is once these technicals reach these massive, how do I say this? When you have your macro technicals reach these big areas, right, overbought, oversold, the center line, uh, breaking the EMA, etc., etc. When we see them hit these critical areas, that's where we typically look for the stock to just cool, pause, relax, pull back. The pullback isn't necessarily a bad thing. It feels bad because it goes backwards, but there's a level of positivity to it because what it does is it brings those technicals that were once way out of bounds and it bulls them back into reasonable areas. For example, the 4hour now is going to be back in the bull zone once this 4hour candle closes. It's going to be back in
2:26:46the bull zone. That's generally a pretty positive thing given that we also have the daily that's in the bull zone, right? So, there's a lot of positive things that continue to develop. And it's okay to have retracements. It's okay to have pullbacks. It's okay to have these moments where they come back to these areas where they initially kind of launch from. And I'm not telling you guys it's going to come all the way back to 17. That's not what I'm just saying. it's comfortable or okay for the stock to have pullbacks back to these macro areas of support to test them as a level of confirmation to say yes the trend is as bullish and strong as it appears and yes the buyers are here backing the stock as strong as it appears that's the kind of things that we look for it's really not that different and I I know a lot of you guys don't like this stock or feel a type of way about it but it really guys it's not that different from the AMC trade that we made here when we pulled the fib from this high to this low and we looked for the 236, right? And when it got to this 236 right here, okay? When it broke this 236, one of the things that we spoke about is that it's okay for it to come here and consolidate. It doesn't just have to break it and go straight vertical. It can consolidate here, opening up a nice opportunity for from a riskreward perspective to make a nice trade. Right? That was kind of what we had initially discussed. And in doing so, in back testing this 236, look at what AMC's 4 hour also did. Entered the bull zone, but it had a retracement. And then it pushed up a little bit more. And then it held that 236 and held the bull zone the whole time. Then look at the 4our here on AMC, right? The first time that it hit overbought, right? It pulled back with this hard candle 6% and then off to the races again. And when it made the bearishly divergent touch at the over overbought. Oh, okay. That's a little bit of a different story for a retracement, right? When we look at GME, GME only has the 4 hour just
2:28:47entering into the zone. Just just just just just poking its head in there. The daily is still strong. The hourly never became too overbought or oversold. The 30-inut never became too overbought or oversold. The 15minute never became too overbought or oversold. A lot of very positive things happened on this breakout move that GME saw. Now it's just a matter of like, okay, we just hauled ass and it was like the best run that we've seen on GME. Honestly, this is not like you can't it's not really made up. This is the best run we've seen on GME since January of this year. That's that's the best and biggest run that we've seen. So, it's fair to look at this and say, "Okay, after the biggest and best run that we've seen in basically nine months, it's okay to expect the stock to just relax, chill out, let those technicals cool, let it build RSI wedges, let it build MACD crosses below center. Let it get to those stages. But with the 4 hour, with the parabolic S getting dangerously close to being triggered on the 4 hour for the first time since this run started, it adds a little layer of confluence to the fact that it's all happening at macro support. The 4hour 200, the macro 236, the micro 236, prior areas of support and resistance historically on the chart. like this is a huge area and a breakout from this area theoretically should take us all the way to 22.95 and a retest of the macro point of control. So all of this is to say we just have to weather the storm, right? The storm is the retracements, the periods where it feels bad because the stock's coming back, but it's not that scary. Not when you consider the fact that like what it's doing is good for the stock. It's good. Does it feel good? No. But it's good. And now we have the 4 hour back in the bull zone. It can close. We can hold above the 236. We can carry the run. We can hold the 4hour 200 MA. And life carries on, right? So, I like what we're seeing and I'm not really that upset or opposed to having it make this retracement after such a great day that we saw yesterday. I just think that it's
2:31:00healthy for the stock to come back and back test these areas to confirm the level of bullishness before we continue the breakout on that bump and run structure and head towards hopefully 23 bucks. Is GME printing a daily inside bar? Yes. Yes. Yep. Absolutely it is. So you could go ahead and mark off the upper Ugga and the lower Boogga. I did it on the 30 minute. So the 30 minute just printed an inside bar on the last candle. So there's this one inside this one here. Right. So that's an inside bar that I marked the upper uga and the lower boua on as well. I did that on the 30 minute. And then today once today's candle closes, you might be able to do that on the daily as well. So yes. Yes, it could be an inside bar. For sure it could be. Good job. When the bump and run target be 25? Uh I just I adjusted the drawing on it. So the drawing of this is not how I had the original bump and run. This is just a trend line that I liked that I kind of adjusted this morning. The uh the bump and run is from this high here down through this. So technically speaking, the bump and run profit target is like let's just say it's right near these highs. And those highs are about 2295 to about 2320. So that's technically the bump and run trend line. I just this morning I put this trend line here because I kind of like the way uh that it touched here close enough there and then touch here. I kind I kind of like how this is providing some resistance. So I don't think that whole thing is the bump and run. I think the bump and run starts here but this very well could lead to a breakout that again the obvious target is going to be that 382 just above the point of control. So that's uh that's mostly what I'm kind of thinking there with regards to GME and then uh spy coming backwards. So spy calls stopped out now. Don't have them anymore. Stopped out at break even there on the rest of them. Okie dokie. Uh oil still. Wow. Gush uh broke 50. No way. Gush broke 50. So look at that folks.
2:33:14Uh holy [ __ ] Gush broke 50. Gush has officially broken 50. Wow. I can't believe that Gush officially back above 50 at Jackie's alerts. So, we were long on that thing from 25, folks. We were long on Gush from 25 [ __ ] five. That's amazing. So, officially 100% trade on Gush. That is correct. Yeah, spy getting volatile now. Spy getting w There's got to be someone talking or some news hitting here. I was just going back and reading some of your guys things about your mortgage and stuff like that. Shit's cracked, bro. I like genuinely insane. exact same things in order to get this house. I would not be able to >> No, that's that's crazy. That's That's crazy. >> I'd had to get a third job. >> Have you heard of third job? >> Third jobs. >> You've had first and second, but have you had third jobs? >> No. >> Where your life revolves around slave labor? >> When would you sleep? >> Sleep? What is this salip that you talk about? What is salip? Is this a new Tik Tok trend? Salip. These ticky talkie kids and their fancy cipes. NFG Sciences with the two says Ken Griffin once said, "I am sofa king. Will to Todd Ed. I hate you. I hate you." >> [laughter] >> Thank you. NFT Sciences Bessant is on the hill. What's he saying? Can everyone give me an idea of what he's saying? Uh maybe I guess I could just hop on X and see what they I'm sure Walter Bloomberg is. US Gulf states expand Hormuz tanker traffic. The US military and Gulf countries have begun conducting daytime tanker transits. Blah blah blah. Don't care. Bessent five minutes ago for a nominal amount the US Treasury was able to signal support for Japanese policies with he he just he just I want to make sure that I say this out loud so that all of you can hear this so that it's not me saying something so outlandishly [ __ ] Uh Bessant just said that $20 billion is a quote nominal amount. So, just in case you guys were wondering, $20 billion used to bail out another country's currency for essentially what amounted to a 7-week stretch. Uh, that apparently is now referred to as a quote nominal amount. Boy, I sure
2:36:29would love a nominal amount of money right now. Let me tell y'all some. It's like by 2030 that's like four GME shares, you know. [laughter] I guess the cat has a nominal amount. Classic. [laughter] Do they sell nominal bikes? And what's 20 billion among friends? Exactly. So, you get it. I'm grateful that my hubby and I make ends meet. He's on a fixed income and I'm lucky to have a job, but we both couldn't make it without our incomes and we're considered senior citizens. It's crazy, isn't it? I can't imagine today the [ __ ] Skibbies, they they really can't be uh getting along too well. Okay. The the years >> living on fixed incomes. >> Yeah. >> Is everything cost like quadruple the amount as it did? >> Back in my day, I used to be able to afford the newspaper. Now I am the newspaper because I'm the one that hands it out at 84 years old. I have to survive and make ends meet somehow. See, you were nominal. Oh [ __ ] Then we've got uh Chicken Alaska firing it in there on the uh on the old What is that? A trombone. I think that's what they call that, right? Saxophone. That's the one. Yeah, saxophones are getting louder. Saxophones are getting louder. Why do you think we only send $2 super chats? >> [laughter] >> Now I hate you. >> Come together. >> Full circle. We get it now. >> Mortgage. Send Jackie two bucks. Mortgage payment. Send Jackie $2. I choose you, Pikachu. >> Nice. There you go. There you go. All right. Check in uh check in X just to see if there's any more news. I'm not really seeing too much more there. Uh, SPY is still just absolute ratty tatty dog [ __ ] here. SPY is actually ratty tatty dog [ __ ] right now. I think it's still testing the daily 50 period moving average. Yes, man. That crack teeth crackhead formation on spy sure is playing interesting. Bessant sounds like Bill Jeet last night while holding his [ __ ] on an airplane. [laughter] Well, folks, I think we've uh I think we've [ __ ] around enough. I don't think I have anything more intelligent to add. 2 and 1/2 hours in the books after yesterday's marathon stream. [snorts] I think
2:39:33that's it. I think that's all that I've got for you guys here today. Uh as always, really appreciate the viewership. Really appreciate the uh the super chats, the gifted memberships, the hellos, the how you doing. It's great to see all of you guys and uh looking forward to seeing you guys tomorrow for the interest rate decision. That's going to be a big day in the market. So, expect more of the same until 2:00 p.m. Eastern tomorrow and then we'll kind of see where the market takes us. So, thank you everybody for tuning in and hope you have a a great rest of your days. Thank you folks and goodbye.