 what's up guys happy Thursdays I was just um trying to set up some stuff we set up some last-minute play today on a bunch of stuff what's up what's up what's going on oh boy so we got some really interesting earnings today we've got chewy Lululemon's oracle Costco or a calm beer resorts man so many good stuff let's see where the market's gonna take us today oh and then markets started flopping a little bit at the end of the day so what's up who's on the x-ray channel is that is that Tommy let's see so we got we got Landlake Industries today earnings coming came out Q3 EPS 35 cents as opposed to 33 cents sales is 30 mil as opposed to 30.9 so that was a missed there on the sales EPS was a beat so they're making tons of money but sales didn't hit it says compared to last year 69% decrease compared to EPS at 1.14 and about 27% decrease in sales compared to last year so that's pretty reasonable Landlake Industries is like um they make a lot of protective gear so they sell safety garments accessories protective you know clothing market all that all that like you know like when we watch the movie and there's like a virus and then and then like you know everybody's coming in that suit and stuff that's that's a Landlake Industries so if we ever get like a super COVID walking dead kind of situation go to the headquarters find their manufacturing facility and you'd be good what's up what's up what's going on beefy mass appeal how you guys doing big lusty panda whoa what did you end up swinging for tomorrow so tomorrow we got a bunch of plays um what do we got we got we have some coins so crypto sector was a little bit iffy a few of us discussed about it um few guys are in my DM I know a few of us were talking about how crypto sector was like iffy it could either die or you know fly we're leaning a little leaning a little bit to the die side um I could tell you a little bit later about that as well we got some some um GameStop that we're swinging as well the 140 puts uh we were gonna alert it for yesterday but it was too expensive so we didn't end up alerting it but oh it's looking juicy um then we got a Costco man we got the Costco calendar we got the 550 colasai 505 putsai um and then we also did um oh this is actually a duplicate let me delete that and then I also did a last minute 540 lotto not today not today yo the other day was getting stressed out there were so much things stressing me out the other day man geez couldn't catch a break what direction do you see spy going tomorrow from the CPI that's a great question so I think the CPI data wasn't that great right I mean let's pull up the economic outlook calendar which kind of really like tells you a really really good idea of how the data is looking like if you guys never used this site before definitely check it out uh it's really good if you want to find out what what stuff are coming up uh why don't we see the CPI data here damn that was disappointing maybe it's not enough it's not relevant so they have this thing over here where it's like importance of one star two star three star um and you can and it shows you how much important it is to the to the market we'll look at that a little bit after earnings though but the market right now is looking a little bit sus um for some of us in the in the group chat we're talking about it that you know it could possibly come back down to test this area over here around 4635 on forward slash es um it's also you know sitting in a really big like point of control area so this area is point of control if it doesn't break above that point of control the the poc here then it's kind of come down it's going to use this resistance um if it does break over it's going to make new highs but i felt like we had such a strong move on the upside that it might be reasonable for us to just have a little bit chill pill i think um i think guru took a little talked a little bit about that this morning as well all right y'all so lulu came out let's check this out yes indeed indeed voice is echoing shouldn't be good afternoon what's up mario a cup of magic spy play out how we wanted to in a way i guess casco down a little bit casco dumping a little bit already set um so lulu let's check out lulu oh lulu dumping man so lulu lemons q3 eps is a dollar 62 as opposed to dollar 41 sales is 1.5 billion as opposed to 1.44 so that's a beat 39 increase compared to the same period last year and 34 increase in sales compared to last year um let's see last year stock was trading around 370 dollars uh before before market closed it was trading around 420 so it's pretty reasonable increase compared to last year's and um at the things that you know at the increase that they're gaining at the price is at a reasonable level let's see let's check it out they said their quarter demonstrate tremendous growth um and ongoing strength oh they said they're acquiring the other company mirror i remember that last quarter we're looking at that was a pretty cool uh pretty interesting thing gross profit increase things are looking good as long as they don't talk about their supply chain issues it's probably not going to drop they did talk a little about about here cfo our team continued to execute at high level which it has enabled our q3 performance and upward revision to our guidance we're pleased with these results given the ongoing industry why supply chain issues we continue to navigate while there are several large volumes week ahead of us we feel well positioned for strong end to 2020 so they said for the fourth quarter q3 they made about 1.5 billion they said for the fourth quarter um we're just gonna count like the September to December quarter right the months they said they're gonna make about 2.12 billion wow that's nutty dude oh my gosh this is a very strong guidance they said next quarter forget it um it's gonna be a little bit um the eps is gonna be a little bit behind estimate but it says should look pretty good actually expect the the margins definitely gonna get hit but next quarter looks really good this quarter was really good um it doesn't seem like supply chain issue affect them as much as we thought it would so maybe the same thing will apply to that nike earnings coming up and i'm sure that nike with the nike land launch that could be pretty bullish too but i wish nike would come back down a little bit more though what's up terribly happy i feel like this is oh mark bouncing though casco um how you doing what's up buzzer how you doing casco bounce chewy dump let's go let's see what 5 p.m brings yes casco back up the whole crew is here let's take a look at casco real quick so we got a little oh the casco ER the casco ER didn't come out yet so let's look at oracle real quick wow oracle just moon again what a move oracles eps is a dollar 21 as opposed to 111 sales is 10.36 billion as opposed to 10.21 14 percent increase compared to the same period last year and 5 percent increase in sales compared to the same period last year how's how's oracle keep doing this they keep like beating every quarter and they just they've been grinding up for like all year long man jeez so a lot of oracles move they just up down up down up down up down damn oracles a beast so after our move 88 to 94 earnings per shares 1.21 as opposed to 111 sales is 10.36 as opposed to 10.21 14 percent increase and 5 percent increase in sales we'll see we'll find out yo i think casco was at the end of the day so it's going to take a while for us to see that data what is that is that the casco thing oh oh that must have be um that must have been oracle because we were just talking about oracle right i thought oracle was going to be a dead company man i'm surprised they came back so well leslie's also reported um leslie is a direct-to-consumer pool and spark here brand um on and assortment of products across chemicals equipments parts cleaning maintenance equipments i remember over the summer there was um there was a huge supply chain issues that with the whole like pool and things like that probably when they had that big run here time to time we do play it um i mean a lot of uh we have our earnings challenge in x-ray where you know we play a lot of the calendars and stuff so those are kind of like strangles in a way we're playing like strangle versions um in terms of spreads so american outdoor brand commons.q2 eps 58 cents as opposed to 76 cents estimate sales is 70 as opposed to 82 this is a 24 decrease compared to the same period last year and 10 decrease in sale compared to last year so i think this was the other company that was trying to acquire spwh guidance is pretty poor too 2.02 to 2.21 as opposed to 2.27 um sales is 2.8 280 mil to 285 mil as opposed to 294 so i'm guided down a lot here beyond strangle today what's up spindle ballsy how come why the why the beyond strangle tell us more oh totally forgot about chewy man so chewy came back down to um 52 dollars hit as low as 50 um let's see what the chewy data is looking like so i think i think uh we did a play for 55 putz on chewy a credit so you sew you sew a credit on that ballsy man spindle go into the next level she's now selling strangles dang bro you gotta play gotta play with bigger balls man gotta play with bigger balls selling 30 putz yo ain't nobody buying that what kind of the gen be buying that kind of putz net sales of 2.2 billion grew 24 percent year over year gross margin 26.4 percent expanded 90 basis points so tiny bit um net loss 32 including share base compensation of 19 mil net margin of negative 1.5 percent improve 30 basis points so things are good eps should be good this quarter demand and consumer engagement remain strong through the third quarter when net sales up 24 percent year over year 86 percent on a two-year stack basis very good that's very good data actually so 24 percent year over year compared to last year which was one of the best years right and then 80 percent 86 percent two-year basis compared to 2019 prior to that crazy growth from covid yo go big or go home sustained your growth this year shows the soundness of our growth strategy um just a lot of good stuff i guess so we should see some recovery tomorrow maybe to 55 56 and then hopefully those puts that we saw at 55 56 will end up banking so avgo also reported as well let's see what avgo says holy smokes avgo just moon 30 really good eps $7.81 beat 774 estimate sales is 7.41 as opposed to 7.36 billion uh 22 increase compared to last year's what was last year's data at 400 um now is that 583 this is uh this is a 14 increase compared to the sales of 6.47 so last year company was trading on 400 right now is at 620 um that's almost like a 50 plus increase pretty bullish oh casco did come out of the data where are we going so look like it came down to 520s now it's moving to 531 eps is 298 as opposed to 263 sales is 49.42 misestimate of 49.56 this is a 30 increase compared to the same period last year wait what 99 decrease over sales of last year data doesn't make sense it can't be 99 decrease yo bazinga trying to sabotage us bazinga reporting fake data it says 99 decrease compared to the same period last year 43.32 billion um but this quarter that reported 49.42 so how's that possible you know 99 decrease would mean that they have no sales gonna have to check back on this data a little bit later it says is a 16 increase hey what's up we took a look at lulu a little bit earlier lulu had a really good er really good guidance across the board and stuff mouth and veil resorts earnings per share is negative three dollars and 44 cents the estimate of negative 362 sales is uh 175 million misestimate 192 says this is a 9.95 increase compared to losses per share from the same period last year the company reported quarterly sales of 1.75 175 million this is a 33 increase compared to 131 mil from the same period last year so pretty good data um um compared to last year but they're still struggling to lose a lot of money just because just because um you know it's tough it's like they're like resorts and casino company that upgrades mounting resorts and ski areas and i don't think is that time you know last quarter wasn't probably the time for for it to go crazy yet next quarter is probably gonna be their best quarter what the chewie says um chewie came back down to 51 oh sure we're gonna have to look deeper into their data says there was a there was a huge sweep of 63 dollars um at 126 for some reason they haven't really post that eps but i think the eps should be good because margins are up from last year so they said the nest sales is 24 percent active sales for customers also up a lot 419 dollars per customer um and their active customer is 20.4 um 20.4 million which is up 15 percent year over year so that's a lot increased so this is the amount of customer they had last year and this is the amount of customer they have now they said of course margin is also up they said so the company net sales is up about 24 percent compared to last year but they definitely pay a lot in stock compensation this year as well this quarter their power points are pretty cool man shoes shows you all the data free cash flow came down a lot what did they spend that money on so they said they're gonna host a conference called 5 p.m so that's probably when we're going to see that the big moves was was their number at last year so last year the company was trading on 75 dollars um they had about 25 percent increase compared to last year on the two year ago they were trading at 33 um with ceo the chewy ceo oh pet ins what is pet ins i saw that they were doing the vet service oh pet insurance my bad oh that's pretty cool man i feel like a lot of um i feel like a lot of um a lot of like pet owners like have to get pet insurance right because if you don't get pet insurance it's so expensive and if you get it but your pet is okay um then it's like a lot of money that's going down the drain but i feel like because the cost is so high it feels so necessary to get the pet insurance so the true we play um in a way it was a strangle like in the dairy it's a strangle because we're playing like two very far sides um we're looking for it to go to two very very far directions but the calendar it's like the column doesn't really justify it because you know it's like it's like the the type of play we did is calendar but in a way we played it like almost like a cheap version of a regular strangle because we're playing like two very far sides um well at least the call site is very far because we're looking for the put to stay around 55 dollars and we're looking for the call site to essentially go to like you know best case scenario like as far as 70s which is kind of possible too because you know they are talking about a lot of stuff if the conference call is good they could carry them up a little bit um but it's really hard to say it all it still depends on what direction the market is going and the market just kind of like poop toward the end of the day um there was a lot of selling at the end of the day in the market so it doesn't say how much oh the imbalance was about 750 uh million to the sell side today let's check out our logo yo it's starting to look like every single semiconductor company has been like the easiest earning to play but i don't know why we always get so scared to play it but it seems like every single um chip company that we ported earning the last month or so has been consistently just like killing it just like amazing quarter over quarter it's like they cannot miss yo they can't miss revenue of 7.4 billion of 15 percent compared to last year's so board comp says they concluded the year with record four quarter results driven by we bounded enterprise and continued strength from cloud and service provided demand our infrastructure software growth continued to be steady with a focus on strategic partners with the strength and breadth of ip portfolio uh we continue to to be able to uniquely deliver leading edge best in class semiconductor solutions and extend our leadership in our franchise market wow that's crazy when are they gonna when are they gonna oh i was just gonna say when are they gonna do a share buyback with all this excessive cash they have so they said they're increasing their target quarterly common stock dividend by 14 to 4 dollars and 10 per share um and they're also announcing a new 10 billion dollars share we purchase program that's hella bullish usually when the company have a lot of excessive cash and they can't expand the company anymore they usually like they usually buy back shares um so the insider can sell some without the stock going down too much so the stock um in terms of net income compared from four year 21 compared to four year 2020 increased like 100 plus percent that's crazy just the the the amount of money they make in margins and stuff just increased so crazy what's the market cap oh market cap is 242 10 billion is only actually 10 billion is actually only four percent of the the stock price so it's not that big it's not that big of a uh a share we purchase it's pretty pretty reasonable but it's still nonetheless it's still pretty bullish raising their dividends all that stuff it just means that they're just having a really good year really good quarter um all together and then the one-year basis they made double their money um in terms of net income so that's a lot man even look at on a two-year basis they're pretty cheap at this point um because last year was pretty bad they still closed down pretty good so could probably see them go to like 660s at this point yo they finally fixed the data on Costco what a scam Bozinga trying to g us because these guys are probably shorting not just kidding just kidding probably a typo but they they like messed up the sales data too before they put some other sales data um it was all sus man and then they're saying it was like huge decrease oh they deleted that too can't even go back to that fake data wow dude this is going exactly to that number I was thinking about too um so we we like revise a separate DG play and that was the 540 Lotto play so this was just a straight Lotto play that um that I took on the DGEN account because um found out they were gonna beat the sales like we found out they were gonna beat earnings um just right before that so in order for that to play out if they go anywhere between 530s to 540s um we would stand to make a lot of money I mean actually anywhere between 530s to 550s based on the fact that they were gonna beat um we would potentially make you know at least 100% um just on that move up this is the 540 call side but I'm kind of disappointed at that manipulation man but we also played the earnings challenge account as well um and then the earnings challenge account I think we played the 550s so the 550 we can still make money but we just needed to like go past 535 um and come closer to the 540 plus side tomorrow which is possible they did just have a good really good earnings I'm surprised not going any further but that was huge manipulation there man very disappointed let's check out some of the earnings from this morning CVS also reported they said they see the full year 21 earnings per share at eight dollars supposed to 798 they're looking for a really good year and then they say next year they're they're making about the same amount of money in margins um but having a wider scope between 810 to 830 as well as 824 estimate CIN also reported earnings today actually huge moved up this morning from yesterday from 62 to 72 they've been dropping for quite a while this quarter got beat up pretty hard so that was reasonable to uh to see that move actually what the hell I thought they were pretty beat up for a while they said they're doing a share buyback as well so usually when they do that usually always very bullish the company's market cap is only 9.6 billion they're doing a share buyback of up to a billion dollars that's 10 plus share buyback because they have so much excessive cash of 1.7 billion they you know usually when company have excessive cash they usually end up buying back their shares so that the company will own more shares of the of the stock which in turn when they report earnings it'll make the earnings data look really really good especially if they're having a bad year even if they're like even if they're not doing good the datas will look good because it'll be like this is how much we made per like share so the EPS is gonna look nice so a lot of sweeps on chewy today across the board even this morning I think that's most of the earnings from this morning just CVS and CIEN is there any stocks you guys want us to check out or have our chart or even talked about let's take a look at spy news today ooh governor cat these says she will announce new policy tomorrow as more cases the amicron amicron amicron variant confirming new york all snap is that why the market sold off today she fucked the market so that was reported around 338 of CBS and then we came down at 348 maybe that was the the reason I feel like we're already pricing in the increase in the CPI um actually let me look at that calendar again let me look at two to three stars looking at CPI data for this week so CPI data um they're pricing in on the estimate is pricing in for 4.9 percent as opposed to so that's tomorrow it's pricing in for 4.9 as opposed to 4.6 so we'll see what the data come out tomorrow but what that really means is that it's saying that inflation is going to be higher and higher because the consumer price index measures the change in price of goods and service excluding food and energy the CPI measures price from change from the perspective of consumers it is a key way to measure changes in purchasing trends and inflation a higher than expected reading should be taken as positive and bullish for the dollar while a lower than expected reading should be taken as negative and bearish for the dollar so how do we play that we look at the dollar index right so if they have a higher than expected reading then the dollar index will go higher um if the dollar index goes higher then is naturally bearish for the market because that means cost is going up on a lot of stuff so if this goes higher you know if eventually hit 100 which I wouldn't be surprised to see which which and and it would be good in a way because if it does hit 100 um well maybe not good but it could cause a maybe not good for like a lot of people but that would cause anomaly in the market and that could potentially cause the market to crash so and and the other reason it can go up to as you can see in the example of last year in um in 2020 right we saw the CPI data go up a lot from I mean that CPI um dollar index data go up a lot from over here from 96 all the way to 102 right um when it went from 96 to 102 that was just um that was also possibly from supply chain issues which we're also having now because last year we had a huge supply chain choke um from like march to May um but the that kind of worked itself out really quick as well so we'll see um and like the supply chain issue usually never never um never lasts this long but this this year for whatever reason just I guess it's just so much things from that time that ship got stuck stuck in the canal uh the Susie canal and then like just a bunch of other stuff because I feel like if that the man hasn't really gone up man you know so I'm not even sure what's really driving it like are people really buying that but little more stuff like are you guys really like out there spending money left and right just buying stuff like non-stop like what are you guys doing bro like what are you guys like still like buying yo like who is stacking up these containers man no I think I think is honestly I don't even think it's just like things stacking up because people buying so much I feel like it might just be the workers man not enough people working and yeah probably just uh they just can't unload the ships because yo I don't know about you guys but I I know personally me I tried to help the supply chain issue um by not buying as much stuff as last year like there are people that I used to like buy gifts for on on like Thanksgiving and stuff and Co visit them and stuff like that like I don't even do that anymore you know like and there were there were times like last year by now I would have like so much stuff by by today but I don't even do that anymore man because I'm trying to help out the supply chain issue I don't want the supply chain issue so to become so bad that it crashes the market you know I'm just messing around but um we can check out nvidia you guys want to check out nvidia overstock I got you I got you what's up king dang dang dangling with the put calendar I have option strat showing 473 to 539 for freaking even call calendar I have 517 is this accurate are you talking about Costco um if it's Costco you have to you have to skew the IV back down a little bit to around 50% or less um or maybe like somewhere between 50 to 40 and that will be accurate damn spindle I've been buying alcohol bath bombs and protein powders yo did you catch the bodybuildings.com black Friday sale it was fire you still can't walk into a store to get a ps5 I guess that's true they can't unload the ships interesting combo indeed they have a nice little bump that's going to be very nice for our um calendar the last one hey what's up we got some more people on the youtube site welcome welcome Tesla smacked me so hard today bro hoping there's an uptrend in the market tomorrow oh I'm sorry to hear that man dude Elon Musk has been selling the stocks non-stop non-stop non-stop you know so Tesla is kind of scary yo I actually have a I actually have a lot of play on Tesla um at this range and if it stays in this range if it stays somewhere close to like 950 by next Friday I could potentially make bank but I could care less if I don't make money though I wouldn't want to see you guys get wrecked by Tesla man but there was some some bad news um I know that they said China's EV sales are starting to come down a little bit um there's some talks on the bigger side of like like Bloomberg and stuff there's some talk that says China is starting to go into a recession um they said that apparently COVID has been really really bad on them and since things aren't recovering at the the whole East Asia is kind of having like Southeast Asia is having a hard time recovering to pre-pandemic levels just across the board man just sales tourism um and everything so it that's an interesting perspective to see because you know we thought that everybody would be doing better by now um so was that Tesla right where's the Tesla magnet that I have it's on page two so this is the Tesla magnet oh it's actually to 930s so if it hits 930 by next like Friday could potentially turn $50 to like a thousand dollar plus um but even if it just get near that area could turn $50 to $6700 but it's it's like one of those super risky dicky plays um I don't even think it's gonna go there actually it's pretty far away it's pretty hard probably want to close that position like because if Tesla starts going down right now next level could even be like 855 it's kind of scary NASDAQ looks nasty at the fall definitely tomorrow you think so man I hope not that would be scary bro oh what's up Lord Miyagi um let's take a look at NASDAQ real quick let's see what we think NASDAQ did have a big drop today um but so far NASDAQ's been staying this channel really well last time I did kind of expect this move to come here it was so close um I don't know why it didn't go there man it would have been nice if it just came down to that area that would have been the perfect buying opportunity but this one time this one time dude it decided didn't want to go there that was kind of frustrating I was waiting to buy the dip on a lot of cloud companies on a lot of like um tech companies if it had gone there but it just like it just chill it just stopped dropping and spy actually end up carrying the market up so I'm still I'm still like hopeful for that line to recover that would be a good area to buy a lot of dips what's up Andy we could take a look at that tomorrow bodybuilding.com got robbed that sounds like some nasty stuff man I don't know I don't know Wonder Woman protein shaker for my birthday last week nice nice happy belated birthday he has to sell all his shares or all the shares that he said he was going to sell by 1217 you know what's with the Evergrande situation though they just default in every other week now yo I think they actually I was actually watching about that on the news I think they actually the fault the fault like I had read about that yesterday they they said they confirmed the fault the fault so it's not even like they're just defaulting that they confirm the fault the fault so that could be kind of scary and you know like the in Asia like the real estate bubble is some of their their the people's like biggest holding because the stock market isn't as safe so everybody in in Asia are like buying the you know they're like a lot of a lot of people over there since they can't invest in the stock market as well they usually invest in the real estate market especially in like China because there is like a huge huge like trust I guess trust issue there's just like a huge trust issue over there where people are like very you know very scared of the stock market especially the the the Hong Kong stock market and like in Shanghai stock market and also there's just so much like there's so much um there's just so much holidays too so the market is also closed all the time the government also have a lot of control of the market so there's just so much different things and because of all those factors they started everybody has always just been buying real estate and and the real estate like scheme is just more popular there you know like how how like we're starting to hear about all these real estate marketing schemes and stuff and people always talked about how like oh you know buy real estate only goes up and whatever blah blah blah and then like but over there in Asia you just like you just like hear about all these really really successful people for the last 100 to 200 years and and like if you want to be successful in Asia like you you have to have like you own real estate that's it like all real estate developers are omega rich over there for some reason um because there aren't as much opportunity to be rich there other than being a real estate mogul somehow because like there's only a few businesses and and most of them are just conglomerates the best protein powder and drink is cookies and creams by labrata it's not bad everybody has their own proteins man chinese company getting delisted a lot of fun um so nvidia kind of came down to the support right here i think i feel like nvidia's could carry the market i'm not sure it's hard to say right now because avgo just had a really good earnings and the last few times every time a company had a really good earning uh chip company had a really good earning it would carry the whole semiconductor market up um so what was it remember like i think a month ago qualcomm had a really good earnings and next thing you know everybody from amd and nvidia started moving up so i think we could see that possibly happen on nvidia as well so we could see a nice bounce there the whole chip sector has just been extremely extremely vigilant um and resilient what was another ticker you guys want to check out ostk i think overstock so overstock we caught a little bit on the the app pre-hour the after hour market so it kind of hit that line it was looking like a reversal in the daily and then it was looking like a really good reversal in the daily off the bottom trend line here then in the four hour chart it got rejected here we haven't seen that recovery yet this area needs to really really hold i think we talked about this um i think buzzer asked the same question uh oh wait no this is for that was for wayfair but they're kind of in the same thing wayfair and overstock so i thought wayfair was gonna moved up as well because yesterday restoration hardware had a really good earnings and usually when restoration hardware has a good earnings the whole three company moved together which is so like let's say over here good earnings right september eight oh actually they didn't move that much together but they did see some recovering wayfair this they see some recovery though so i think i feel confident that we will see recovery i think it's just a matter of when because if like if one of the furniture company is doing well most of them are usually going to end up doing well so we're in a pretty interesting support area this is the make a break line so we're either going to come back up from here we cover to 90 dollars or we can potentially flop to the next area from here but it's also going to depend on the market too actually because if the market is not bullish then it's going to come down with the market right zero grams of sugar yo you know what i i actually like the caramel um from that brand the caramel from rtd is really really good i mean um that lab ran what was the other stock you guys are asking to check out i missed anything else oh restoration hardware so restoration hardware had a really good earnings yesterday um they moved up after hours hit like this really high range here they couldn't break through this uh this resistance here i mean they broke through but this morning it came back down kind of rejected a little bit so it's coming back down a little bit um it could potentially see something like this where last time they just came down and then probably want to look for opportunity here to buy back up but overall i thought that was a really really good earnings so far we can check that out oh amazon staying bullish tomorrow dude let me show you what i'm looking at amazon so amazon um actually came back to this line that had drawn here from a while back this is not like a super accurate line it's like a this is like a in the range line right so this is the 35 20ish around that line um i drew it back from here it's been like this is like a interesting um supply and demand area right so we kind of bounce off the bottom here came back up in the way in the way i don't know if you can see this it almost looks like a head and shoulder so you see this other shoulder right here this is the head what if this is the other shoulder so if this is the other shoulder it would look like that so i don't know i hope not for for the people that are bullish on on amazon but if they don't break above the resistance it it would be that head and shoulder would play out you know because that's what the lines are right every line is like um it's like a wall like think of it like a like a glass right and and like if they if they don't if they like jump at the glass and and they don't break through it you know and they're just gonna bounce off it so think of it kind of like that so a lot of other stuff are kind of aligning that theory too i don't know if you want to because so because today when spy was like slowing down a little bit let me show you what i'm looking at so i was looking at yesterday we saw a slowdown a little bit already um and then we had the point of control here on es so i thought we were either going to break above or come down and since like the the market is mostly decided by these few stocks right those um those four five big tickers between facebook apple amazon you know google and netflix um i kind of went over to look at them right so apple has been having a really really good really really good move the last few days it's been on this bull flag and then you know which turned into a bullish channel where it's just like you know up down up down and up right so but when it goes in the bullish channel and there's no resistance above that's in like that's price discovery mode right so in order for you to find resistance and when when apple is going on the price discovery mode you have to kind of like drew the draw the draw the trend line from the up range right so this is where where apple is at right now we're drawing the trend line from here to here um you you need at least two points to make a trend line so from here to here we can make this other trend line so we're at the third point right now actually and this you know if there was an area if there was a likely and reasonable point for apple to have a slight rejection this would probably be it this would probably be the area i mean you know the art the money flows like could cross and over actually just cross over uh money flow just can't gone out today and the start just looking a little bit weak looking like it wants to come down so there's potential here for it to come back down and if that does come back down that could carry the market and then if amazon decides to do the same where amazon has the the starch that already crossed over and usually when it cross over is not that good right it could either be a fake out like this one here or it could be like the real move down like here you know so so there there's like i don't know maybe i'm maybe i'm being bias or maybe like maybe that is what what they're presenting to us in a in a technical analysis side so facebook is also looking at the same thing um you know facebook came back up touching a little bit of the resistance here on the yellow line resistance not that the yellow line resistance is really useful on facebook anyways it doesn't really like it's not a line that that's really really uh accurate when you're looking at facebook so as you can see here it broke over that line back tested broke over again back tested and then just kind of flopped from that line so it's not like a super accurate line it's not not high success rate but it is something to take into consideration you know the the pressure is getting a little bit weak here looking like it's ready to cross over as well um netflix had already rejected you know even before hitting here it already came back down rejected came back to this line so maybe it will back test that area and then google google also hitting this trend line here too from these two area here last time the trend line didn't hold so who's to know if this trend line holds this time or not but it is at the point of control here um and point of controls are magnets but at the same time you know if if something hits the magnet it's either going to attract to it or reject it so this could possibly come back down too so a lot of things are at the point of in the middle man either it's gonna bam break through it or it's gonna get smacked from it um realistically even microsoft man ever well like there's just so much things that are coming to the middle so it's really a lot of indecision here honestly you could either go this or this so the play right now is probably a strangle or a calendar to either side um that's what it's looking like from from the analysis today today it feels like the perfect play right now it's a play either directions to play both directions and and see which direction plays out maybe short term puts and long term calls you know um like on both sides and see which one pays off well like if it comes back down here close the put for a mad profit and then like and then wait for the calls to play out you know um but if it goes here and oh actually that's a bias to the downside though if you do a short term put and long term calls that's a bias to the downside so you probably won't get pay as well if it goes on the upside but if you if your betting is going down then you get the short term puts if your betting is going up you get short term calls instead of puts so depends on where your bias is you can make it suit and play accordingly bought some likey earning run up hey what's up jhop um that's a possibility lulu just had a great earnings it seems like even though they have supply chain issues they still made but low of money so who's to say amazon can't do the same right let's check out sofai got carried all the way there oh a little hidden shoulder set up here too on the weaker shoulder though but nonetheless this is what i'm seeing so got this 17 dollar line drawn from here here um here here the other two times it was invalidated this time it was invalidated this time it did bounce a little bit there and then break over it yeah that's what it's looking like man the apple is going down that trend line that's what that's what the possibility is i guess i feel like that's a that's a reasonable possibility for us on the um on the bullish side i mean the bearish side should i post this chart so that's apple um let's post that sofai chart too hey j do you have a what's your tag at our discord never mind i just put a discussion channel what's up cp what's going on i'm not sure i don't have that i'll go i have the double seven out go should we do a double seven trial for the twitch people on the algo what are your thoughts on home builders potential short or too soon oh good question xhp home builder etf i mean yo if you guys want i'll do it for you guys um all right so for for twitch members that are our youtube member that are on right now shoot me a message shoot me a message uh double seven wall streets and in discord and we'll we'll give you a trial my man says i would also like an hour mentorship trial yo we do have you know we do have free mentorship for our lifetime members and then for like for anybody that does upgrade to the elite plus i i personally do offer uh most of our elite plus members um to upgrade like this month the last month i actually personally offer them risk managing position sizing sessions because i want to see people succeed in the market man i don't want to see people like over position themselves and just blow up it sucks to hear that you know because we work so hard for our money um only to blow it up for what you know i mean and i think a lot of times like a lot of times like like honestly there's there should be no reason that we're blowing up right the only reason like people are really blowing up is just like just incorrectly position sizing and that's at least that's that's why i believe i think if you execute proper risk management and risk management and proper position sizing and even if you follow like alert you're going to be successful even if you have no clue how to read the chart you're still going to be successful as long as you're just it's all about risk management all about risk management over trading costs yeah 100% over trading is a huge issue um that a lot of people have because trading is so exciting right there's nothing more exciting than gambling in the market actually there might be but for some of you guys they might not i don't know so because of these things you know sometimes you get too excited um and and man like anything in life anytime anytime you you get too excited and you do too much of anything i swear to god it's always bad like like when people say oh there's never too much of anything yes there is anytime you have too much of something is always bad for you is always gonna mess you up i remember talking to a friend the other day and talking about like um twizzlers what's that what's that um what's that black one call licorice right licorice apparently like if you eat the real one and like you eat too much of it it can literally stop your heart and kill you too much money is never bad nah too much money is definitely bad too um because if you get too much money man you'll get disconnected you'll get disconnected with like with like everything you know and it just like it just like puts you on a different it just like puts you on a different perspective man what's up dr t what's going on hello hello does it really i gotta test this out too much money is never bad um but in regards to the fiat world homebuilder etf looks like a pretty good short if this trend line plays out let's see let's see if we can make a play for that xhb if you think that could happen um you think what do you think when do you think this this rejection could happen how long would it take from november 22 to number 30 that's in a week so if it does go down it'd be one week it would take one week yeah just shoot me a message in this court um just uh shoot me a private message in this court to say hey it's cp um 208 or from twitch or youtube and and then you know and i'll look up and then you show me your we'll talk and then you show me your trade review name and i'll give you guys a trial so xhb 85 dollars so right now sitting at 85 dollars um where do we think you can go to can go to 82 that's not even a big move actually that's a pretty small move um 85 to 82 so if it goes from 85 to 82 85 to 82 if it happens anywhere from tomorrow to to um to friday to next friday if this move happened anywhere from tomorrow to next friday you can make anywhere from 100 to 200 on the risk of only 62 it's pretty reasonable 100 to 200% hell yeah i'm gonna save this for you if you're at world all right good luck man i'll play with you tomorrow we'll see how it works hopefully hopefully it doesn't drop before we get in you know hopefully it doesn't drop before we get in that's only base if this case happens though like if this happens then it will work out if that move doesn't happen then we would get wrecked yo maybe we should buy more time maybe we should go with the 23rd watch we talk about it next morning gap down to like 84 dollars and we're just sitting here like no you know what's another etf i like to play a lot too um xrt but it's not as over like overvalue anymore so i guess that's the next best play now man dang i was looking to see this being super overvalue so last time i actually took it here because um it would chop in this range so much right this is like the the retail etf um and it ran up so much because all the all the stores are having really good earnings like coals or macy's and all that stuff they all had these phenomenal earnings and they kind of drove the whole sector up and then along with the game stop amc and things like that but since since um game stop and amc has been flopping this has been coming down as well and it hasn't really recovered that much i think amc flopped a lot um but you know i don't know if how many of you guys are holding amc but but um but amc came out with this etf thing so that's pretty interesting amc is giving out like a amc nft i mean nft um for all the amc shareholders and apparently if you have one of the amc nfts you can potentially get free stuff later on so for for the amc shareholders you guys should check that out that might be pretty cool um i saw on slicktheos.com though so i don't know i don't know if you can find on the website or anything as in like going long as in like going long on xrt i mean you could potentially go long if it comes to the bottom of the line here around $89 i feel like i feel like um they did mention the last two quarters i mean the last quarter earnings amazon wish.com um i think etsy as well a bunch of online retailers had and the whole market had priced in a really weak christmas season um so a lot of them were saying that they didn't expect this christmas season to be a really good season for them they didn't expect the sales to be really good they're actually pricing a downturn in the sales because of supply chain issues and stuff um so i'm not sure based on that data you would think xrt might not do that well but that's also something that's going to be looked on like three three months from now as well right too so hard to really say would you play closer or further from the money for two weeks out with xhb well the play that we're doing here um is a calculated risk right so this is we're selling the the option chain really sucked though so what we're doing is we're buying the $85 put and we're selling the $82 puts which means we have a defined range of profit we can't make more because we're buying the $85 which means we think it's going to go from $85 to 82 um and we're selling the $82 so the $85 is going to cover the $82 range and the cost difference the cost that we were paying is for the difference in the strikes so the strike is 143 and 68 so we're paying for that price difference um i mean alternatively you could just get the straight 82 if you're if your confidence going to go there right so let's say december 23 82 so if you think it's going to go there there's a lot of premium right so there's a lot of premium um it would have to happen right away for you to really make money it costs you about 68 it would have to happen right away if it doesn't happen anywhere from here to next friday you would you would start losing money it would burn against you you know every day which is burned against you whereas the position that we're playing um even if it just like you know even if it's just like slightly moves toward there we make some money um and then if it gets there by you know if it gets to that range tomorrow we will make 100 percent if it gets to that range you know by the 23rd we'll make multiple hundreds of percent right we'll make 200 percent you know so that's why sometimes it's worth it to play the spread yeah debit spread oh yeah you can't play debit spreads on cash accounts because um you need margins to play it so um i wouldn't i would skip it all together just because i know for a fact that the premium really sucks for these and that there's not a lot of volume so playing the naked position is bad don't do it just open the margins account and tasty works or something um and and and play over there later on there will always be other opportunities man don't formal there's always a lot of opportunities don't worry when the market goes down you can buy the move up hey you'd be good don't worry man one train leave the station catch the next train man you miss the bus catch the next bus you'd be good don't worry about it but um with that we're gonna end it here we'll be back here tomorrow on 5 p.m i mean 4 p.m to go over some of the other earnings uh market outlook see how our prediction is for this week and good luck guys have a good night take care thanks for stopping by