 Hey, how's everybody doing today? We are live with Amanda. How are you doing today Amanda? I'm awesome. How are you? I'm doing fantastic Crazy day in the markets today. We're gonna go through the whole markets The title today show with our second episode now of stocks and stacks and we are live everywhere is We're gonna focus on the debt ceiling today We're gonna talk about the jobs report and we're gonna talk about the AI bubble that we are in that looks like it first today So what do you think about the US debt ceiling? We got it on the screen right now What do you think? I think it's so insane Last week when we were here, I thought we had to set everybody up for Being able to trade what would happen if they had to seal the deal and here We are exactly a week later and I'm like watching live reports to see if they've actually voted on it It's just like a show and a half. What do you think? Yeah, I think it's crazy because you know, it's it's politics, right? And it's posturing and you got one side trying to kind of make the other side look bad You got you know the Democrats that are trying to get this done because if they don't it's gonna hurt the election You've got the Republicans. I don't want it to get done because they don't like the deal and They're also, you know posturing because they don't want Biden to get reelected as well So there's a lot of politics and posturing going on right now. There's a lot of drama There's a lot of you know, it sells newspapers. It gets people talking about it. I mean, we're talking about it So it's clearly something that people are talking about people are thinking about people are Interested on and it's creating a lot of volatility in the markets. I mean a lot of stocks are hitting 52-week highs Yeah, we're in a bubble. We're seeing crazy things happen with artificial intelligence Totally, you know, and so it's definitely something that is Being talked about everywhere and when you're thinking about the media the media always wants to talk about what's trending And this is one of the most topic so As it should be like honestly I was looking into some details of why this is taking time and it seems to me like when Biden finally came to the table at the Last minute. He's thrown some pretty slimy things in here that can cause some harm to people So it's like, yeah, we as investors wanted to pass Because we don't want the economy to completely fall apart because we're investing in this market However, if this does pass quickly, it's gonna cause a lot of harm to a lot of people I don't know if you've read the details, but it's pretty intense really I haven't I haven't really gotten into all the details. I did hear on twitter that they tried to strike out some of the Wording and verbiage regarding bitcoin and cryptos. They were trying to tax cryptos. So That's right. So they they try to take that out So there's there's a lot of stuff going on. Like I said, there's a lot of posturing back and forth So it's going to be interesting to see what happens here But at the end of the day as an investor, we want a deal to get done We want this debt ceiling to be out of the way. We want green pasture We want, you know, we want to be able to feel like as an investor that there's nothing stopping us from making money in the market And clearly this is like the big elephant in the room and until this gets resolved It's going to be difficult for us to feel comfortable about making large investments in the market Right, but that's why we have to be fluid. It doesn't mean that we can't invest It just means that you have to come in for a good time not a long time Like our our fools like last week's whole entire session killed it or a week Like all our watch list that we have put together was paying out every day throughout the week Today was the first day that we saw a pullback on that But that's why we have to remain fluid because if you weren't taking your profits You probably saw a lot of them disappear today But you want to know something you noticed? What's that? It's may 31st I know we're almost halfway through the year Sell in may and go away never happens because we've had a green week Every single yeah, I mean there's been sectors that have been crap, but not what we thought We've been killing it so After today, there's one more month Until halfway through 2023 So Here is flying by there's a lot of crazy things happening. Let's take a look at the charts right now So you can see the nasdaq is actually in the red today Down 82 basis points But when you look at the charts, you can clearly see the nasdaq has been On a big uptrend for all of 2023. This is january 2023 and look at where we are now I mean that's massive Move I mean we're talking about we started the year at 10,700. We're now at 14,200 for the nasdaq Can you zoom out on the nasdaq to like from including like maybe put out the five year just so we can see comparison because Honestly, if you look at the nasdaq, it's barely faltered. It seems like every time there's an economic Complete disaster coming the nasdaq takes like a little pullback and then it ranges higher Which means tech is winning the economic war. I think because nasdaq is tech heavy Very tech and you can see we're like not that far away from all-time highs on the nasdaq So it's been a really really really good run So far in the first five months of 2023 in the nasdaq and a lot of that has been powered by artificial intelligence and the hype and the excitement and the enthusiasm for artificial intelligence, which is really kind of taken over essentially Yes, it has and there's been a lot of talk about that. So we're gonna we were talking about Um Basically our session today you were referring to AI as a bubble And you can't say we're gonna talk about the AI bubble and i'm like, uh, yeah, but should we call it a bubble yet? Because the internet's been called a bubble for 30 years now Right. Yeah, I mean that's the million dollar question Yeah Part of me feels like this is going to be a hot sector for a long time But a part of me feels like it is overheated right now at this moment And he needs to pull back a little bit and that's what we're seeing a little bit today So we're going to talk about that So hot right like so hot So you have to like you see that today a little bit of a pullback because like look at the nasdaq pulling back a little bit Because it's We just had like day after day after day of like 20 percent gain 30 percent gain Like yesterday we had a couple of eyes that had gone up 33 to 35 percent They were all on our list for last week Those are bound to pull up because it's sell in may and go away. It's may 31st people had to take some profits We can't just always go straight up without people taking profits. It's the summertime 100 so this is the uh s and p 500 you can see the trend line. This is the five year So a very clear strong aggressive trend line And we're not that far from all-time highs on the s and p 500 either So the market is but i think the s and p is going to suffer soon But that's because of commercial real estate debt and a whole different ballgame that nasdaq doesn't have to deal with us 30 similar story So did you know that warren buffett sold all his bank stocks? except for a couple As you should bank stocks have been getting We've been calling shorts on bank stocks since april and I think it's a damn good idea because I know There's been other analysts that said oh no, no, we're gonna do good. We're good and i'm like really Are you sure you're not just saying that for bloomberg because i'm not so sure about that one Let's take a look at gold so the s and p 500 nasdaq obviously been doing well gold We've talked about this $2,000 mark it just can't hold That $2,000 mark now. I know a lot of people that are gold enthusiasts are saying we're going to 3 000 gold I've heard people say gold's going to 16 000 like i've heard A little bit far beyond I think that's like a little dreamy There's not anything to say that gold is good. There's not enough gold being pulled out of the earth to sustain that So good luck with that. I think a lot of these gold, you know They're just making up numbers now because they want to be as cool as bitcoin. That's what they do Yeah, they're just they're just trying to you know trying to be like oh, we're the next hot sector You got to invest in gold but gold's done. Well. I mean we've we've seen this And it will always be a safe haven like boomers will always have gold in their In their portfolios. It's a safe haven asset lots of other countries developing countries developed countries Gold has always been one of their safe haven assets But we now have to divvy that up with bitcoin, which is a hell of a lot more portable just saying So if I was investing in gold, I would not be buying it at 2000 or higher because it Proves to me that it can actually break that zone. I personally wouldn't feel comfortable buying it in that What do you think would be the catalyst to break that zone personal opinion? Well, gold is a safe haven so it would have to be some type of serious Economic crisis Like not signing the debt ceiling papers in time Yeah, I mean potentially but we all know that they're going to eventually sign those So I think it has to be something different. I think it needs to be something They wanted to sorry but it's being it's being refuted. So if they can't all get on the same page It could extend into a drama So the drama Could cause that to fly. However, I don't think it would fly past 3k I think what it would do is go out for the gold bugs and then come right back down Because realistically it's projecting there Yeah, so every time gold gets to that 2000 mark as an investor you need to be aware that it is struggling to break that zone It's struggling to break that region So you have to be aware of that if you're investing in gold or gold stocks or anything regarding gold You have to realize that for whatever reason everyone around 2000 is selling and that's why the price continues to reject from that 2000 plus mark And that's why we're stuck in this like 1964 zone which is right at 2000. So Something bad happens. We could rip to 2500 3000. It's possible But then expected to pull back to 2000 again so I think it's just going to be leverage traders and retail traders who claim to be the gold bugs that are going to bring that up If there is a disaster But I think the big stuff is baked in like all these countries are stockpiling their gold a while back A while back it's baked in I think this is the us dollar index. It's actually been trending up Not so but look at though when it trended up the last one It was because there was some hope in the market It came back down because there was some hope in the market now that fear is coming back in That's why it's come up again because the fear is coming in I expect it to still come back down after we have this debt ceiling stuff Sorted I think it's just volatile based on that if you zoom out and you look it's actually trending down So I think it's going to hit like where I have that blue line level You see that it's definitely trending down When in doubt zoom out It's yeah, it's trending down. However, yeah, if you look at it where it's what it's been doing It's been trending up clearly. Look at that right because of the risk There's so much risk in the market right now with the economy that that's why it's gone up It's totally just risk and volatility because of what biden's doing in the markets Oh speaking of when's election? Does it start in august or the campaign start? You know what? I don't know. I can't tell you I have to get back to you on that I haven't even looked into that so for us dollar it has been trending down But it is starting to break out So it could be trying to break into a trend reversal pattern here because clearly for the last month It's it's up But you can see it is trading at 75 on the rsi, which is the sell zone So be careful here tread lightly when it comes to economy and politics I think that's only gone up because of fear. It's going to come right back down I think but we're not financial advisors Only for good times and great charts. All right bitcoin at my favorite 7 000 Yes Now we got to zoom out on that. You're in pretty tight if we can zoom out Um, just to see the whole rhythm This is the all time It always looks good. You can't deny. I'll get the all-time chart is but look where that is. Look at that chart It's a thing of beauty So I was having this conversation with someone not long ago and you and I have talked about this so many times Bitcoin at 70 pullbacks and every time frame That's what that was and it's looking good So when I saw people being dramatic, oh, it's pulling back. It's pulling back Binance was pulling a whole bunch out of australia. Did you know that? Binance Right, right, right. Binance pulled right out of canada, but canada wasn't like the a big big big part of binance Australia has a big chunk in binance and what binance just did in australia is they were removing privacy coins So they didn't mark bitcoin as something they were removing But it is one of the go-to exchanges as binance and australia. So they hold a big chunk So it looks like a lot of people are pulling out of binance. They're bitcoin So I think it's more being moved than anything else likely If you're looking at how bitcoin's working right now likely what people are doing is pulling their binance pulling their bitcoin out and all their privacy coins Putting it into tether or something similar And I think it's going to come back up when the dust settles, but it was it's a substantial amount of funds that was being moved So I think it's short-lived drama I think that a lot of people are sleeping on bitcoin. It's gone from 15 000 in november to 27 000 now clearly a very aggressive trend line up Absolutely. So it has been doing extremely well all the bitcoin enthusiasts know this But if you're not a bitcoin enthusiast, you probably don't know this because nobody's talking about it Bitcoin look at this chart this year. I mean from 15 000 to 27 000 How much percent is that 60 or 70? It's a lot. It's about it's about 60 and it's been as high as 80 percent this year when it hit 31 Almost 32 000. So it's got a nice trend It's got these normal pullbacks before it makes these moves and it looks like it's doing another pullback before it might make another big move up Yeah, I think so as well. I really think that it was only coming down because people were moving things And I don't see any other reason why it's not going to come back up, but we shall see What's next remember guys full disclosure. I am a holder of bitcoin in ethereum everything we talk about is information and education purposes Please do your due diligence. Please do your research before you invest in anything we talk about or discuss And past performance is not always an indication of future results. We're investors just like you guys We're making investments and sometimes these investments can be very volatile and very risky So please proceed with caution. Uh, this is us oil. So us oil you can see this dip in 2020 when it actually went minus That was a pretty crazy time Oil that was the world was falling apart, right? That's when everything closed. Nobody was going anywhere We were all locked in our homes getting backed if you were um That was a pretty big time in history, but there's some catalysts coming up for oil We talked about this last week. We said if this debt ceiling gets sorted out before we come back I expected oil to spike We haven't got it sorted out. So it's really just been sitting there I still expect the same, but there's a big catalyst coming for oil June 4th, so Imagine that it's okay on a great day. Let's just say That begins so today the debt ceiling is supposed to be the final vote today If they final vote today has to then go to the senate So it's not even over on the final vote. It has to then get voted through the senate So default final default day according to yellen is going to be the 5th of june But what happens on the 4th of june? OPEC The OPEC meeting happens on the 4th of june So this is when like Putin and Saudi Arabia and they all come to the table to decide How they're going to roll out if you're going to get any and if you're going to get any how much is it going to be Do you see So that is that could be a very Big catalyst because word on the street and I don't blame them Since there's oil refineries being bombed in russia and whatnot. I can't blame them for Keeping the prices pretty tight and keeping the supply pretty tight, right? Yeah, so if supply is tight if the u.s. Dollar continues to sink Um, but they still brings a debt ceiling that should be a juicy catalyst for oil so Sorry, I was just gonna say oil's been in this range of like 65 to like 83 And it's been stuck in the zone for like the last six months. So it's like stuck in the zone Oil was the darling of last year Obviously every year is different this year. It's been the complete opposite. It's pretty much been a dog And ai has taken over so you just need to be aware of that But as an investor if you wanted to get into oil, I mean you literally could be buying oil now for half of what it was last year Well, when we get into our oil stocks, you'll see like we're bringing them back because we've had even more of a debt Because I said last week don't touch these until we have the debt ceiling deals sorted Because that's the catalyst we need to make them run And we've had some more pullback and they look juicy right now And we're dazed away All right, so now we're going to get into some stocks and obviously the number one ai stock out there is navidia You can see the chart and the trend. It's just absolutely unreal So the stock that was at 100 bucks in october And of last year and now we're talking about a stock that hit 419 dollars just yesterday Can we do this week on it? Yeah, and it's just pulled back a little bit today. So you could see what happened in the last five days So it's a huge move from 305 To 380 and then this moved to you know over 410 I think it hit 419 and now we're starting to pull back because they did announce that They're going to sell 10 billion dollars in securities, which is obviously typically a very dilutive Event and bring the stock price down And a lot of purchase holding them up sold Well, a lot of shorters have been going after navidia too. So the shortage are attacking them Prophets are being taken the uh, the companies decided this is an all-time high. So it's a perfect time to sell securities So it's like a perfect storm for you guys to take your profits if you're in this trade Or if you're shorting it probably a perfect a perfect storm to short this because it's up like You know at 400 dollars is up 300 percent since october of last year Uh, they're rate they're selling 10 billion dollars in securities. It just hit all time highs I mean, there's all these reasons and then all the shorters are saying it's overpriced and it's an ai bubble It was already hitting the top as soon as we finished our session on wednesday They reported earnings that were ridiculous. So it broke that high at the end of the day. That was last week If you zoom out, I have like to a month or so on there. I have nice markups in that chart We just had to get this is my one month chart because i'm gonna see anything Okay, go to wait one year then three months. Wow. You got all these indicators on there. Um Okay, I had the chart marked up. I guess it's not Um, anyways, I wrote a target for that. It seems to be missing. However It doesn't mean because it's coming down that you need to stay away. It's still they're they're making moves What needs it to be looked at and it's missing right now But you need to look at some of resistance It just had a big spike when you look at that big spike that we just had it doesn't mean it's going to come and barrel down It just means that it's going to have a pullback This is your chance to decide with yourself what you think is a fair entry for the next run It's not going to stay down I was thinking. Yeah, I don't think it's going to stay down either I think you know for me if like I'm probably like this is way past me buying it But if I was going to buy it I would want to see it back to 300 or lower To even think about an entry Where were we at before that big spike? What was the number? 300 Before all that green Yeah, it was at 300 Yeah, exactly. I'm with you 100 so for me I'd like to see it get back to 300 and then I would think about it But I mean this thing could go back to 100 who knows, you know, so you got to be really careful I'm not suggesting I'm going to buy it. I I'm not even really even thinking about buying it But I know there's a lot of people buying it like yesterday. Jim Kramer was telling everybody to buy Jim Kramer is a paid man on the hype train. He's Broadcaster, they're paying him to tell you what I was gonna say is that typically when Jim Kramer tells you to buy That is the signal to sell exactly When he told everyone to buy yesterday, you can clearly see it's down 4% today Everybody's doing the opposite of what Jim Kramer said If you're part of Jim Kramer's club, you are getting assaulted Because he's typically giving you the worst advice ever telling people how to buy a stock at a 52 week high Well, he gets paid to tell people to come in so that all the hedge funds can sell to all the stupid people listening to him It's really like seriously That's why they do your own There's a tiktok. Uh, sorry. There's a twitter handle called inverse kramer that's Huge amount and all they do is do the opposite of everything that kramer says and it's up like over 70 percent this year. Yes All right, let's take a look at uh, micro strategies, but did you want to talk a little bit about the jobs report? Um, yeah, I think we should but that was actually something let me see if I can pull up I wanted to mention that so the jobs report came in really strong, right? Really strong. Yeah, I did So we're on the street last rate hike was if jobs still come in strong, we shouldn't have to rate hike however If there's going to be trillions of printer money going On the printer then I have a funny feeling that powell is going to say I think we should hike the rate since all these people have jobs now. They can afford to pay me more What do you think? That sounds about right As long as the economy stays strong Powell will continue to increase rates Exactly because it gives him backing like I've heard some people say no, the economy's strong. He'll lower it I'm like That's more that he can juice off you guys That's right because he his his his his rationale Is that it doesn't make a difference how high we continue to raise the rates the economy maintains to be strong So we continue to maintain to increase these rates so that we can get our inflation number Down to that two percent and he's been adamant About getting it down to two percent and the only way to get it down to two percent The only tool he has is to continue to increase interest rates Exactly He knows that's the only thing he can do and if he doesn't do it. He's not going to get to that two percent So you're gonna have to keep increasing rates whether we like it or not Yep, and so I think that's coming and I think it's going to be ugly And I think so many people are thinking it's not but I think you and I are on the same page in this So yeah, it's disturbing, but we've got to buckle up, right? At least we're going to be looking to the right sectors So this is like a strategy you can see that it's been all over the place But a zoom out on Michael's strategy because you're just kind of zoomed in to the consolidation area right now But it's pretty much at the bottom So if you can look out to the one here, this is the one year chart. Okay zoom out You you want to see a five year? Uh, maybe go five year then there we go. At least you can see like the true rhythm, right? So how long has that consolidation been two years now? No, that was just one year. That was the one year chart It was only a one year consolidation right where your thing is. Okay, cool. That's not so bad So one year of consolidation and it's been pretty much sitting at that high The cool thing about micro strategy is that he's pro lightning So the lightning network on bitcoin has made so much possible And what I heard about micro strategy is he's working with companies like sony disney all these guys saying amazon We can do these reward programs With satoshis with bitcoin So basically his examples if you can listen to his keynote on lightning about his conference It's pretty impressive. He was talking to companies saying, okay. Well, if you give me 500 million I can get you way more in your advertising dollars through using satoshi rebates than anybody else and by the sounds of things he had a lot of interest So I think that can get really good another thing he said was He's he just finished teaching a lot of companies How to use bitcoin as a hedge? for economic debt Because so many companies have had to buy into bonds and everything else That we know we're losing value The reason that micro strategy is gaining value is because he's hedged with bitcoin So it seems like there'll be a lot more following in his footsteps or just buying a micro strategy to follow along I think it's ready to go Well, it's going to follow the price of bitcoin. So you can see it's come back down from 300 to 130 That was when bitcoin was kind of, you know, hitting its lows and now since bitcoins made its big move this year It's followed the same trend and it's gone from 130 to where it is today right around 300 So just like bitcoin has made a big move so far in 2023 Micro strategy has followed bitcoin and it will continue to follow bitcoin because micro strategy is the largest holder of bitcoin That is an institutional company on the stock market in the world So they're holding huge amounts of bitcoin is 25,000. I think it's close to new Yeah, a huge amount and billions worth and they're going to continue to buy bitcoin. They're never going to stop That's the business model of micro strategy is that they're just going to continue to buy bitcoin raise money by more bitcoin Raise money by more Michael sailor has agreed that he compounds. So he does sell it highs and compound low He did admit that He compounds He does sell the high and compound the low So which is Let's move on to google. So google's been one that we've talked about. I personally personally owned it Um, I've recently sold it and took profits. It's made a nice move And google was just way too heavily oversold. Let's go over the five years Everybody was moving except for google and now google starting to move Yeah, and it's moving beautifully like look at this. So we talked out at in what year 2019 or 2020 Did we talk about in google? 2021 2021 So if you look we're really not far away from returning Which is pretty damn awesome But these couple these next couple that we're going to talk about this is the hottest stocks Of right now. So that's nvidia micro strategy google amazon microsoft oracle. That's what's holding the nav stack up When everything else falls, we're just gonna look to tech because tech seems to always save us in some way So yeah, that that chart looks like google's at a high, but it's actually not It's kind of a little bit, but the thing is it is set for a pullback How are my charts changed? None of my markups are on here I have no idea, but there's nothing we can do about it now Okay, so anyways, so google google has been on an epic tear. You can see it's been moving Uh, I think it's a good quality company that everyone should consider owning in their portfolio I've bought it made money on it and i'm looking for another pullback Uh, but I don't know if it's coming because right now it is really like you said, you know It's getting high and it looks like it could go higher because it still looks cheap when you compare it to like nvidia But I do think if you want to have a best entry it does look like it's due for a pullback because when you look I had a line here. Do you see that consolidating area right before that green spike? Yep That where yeah Yep, yep right there that would be my target So I do think it can come because we're in some economic stability instability and there's going to be some dramas on tech right now still so Also, it's still summer. So unless google does anything exciting. I think we can get that target for the next rip up But we shall see Yeah, so if you could get in at 100 or lower, I think that would be a safer entry point for google It was just at that $100 mark. It was at 80 when I was buying it, you know, it made a nice move I sold it. It's gone even higher and now it's like, okay Will it get back to 100 or lower? We'll see but it's like I said a quality company. It hasn't gone up as much as some of the others like nvidia and amd But it's another one that's an ai play. So you got to look at google as a major ai play This is the largest one of the largest tech companies in the world They're sitting on a ton of cash And they are getting into chat gpt as well so Definitely another ai play to look at and another one that I've owned that I've recently sold and done well with That's starting to make a move and we've talked about a lot and I've put in my top tens Consistently is amazon and you can see amazon also making this huge move very Very very similar chart to google Um, okay, so again, I don't know where this orange line came from but either way can we get rid of that? You want me to get rid of the trend line? Well, it's like I really did have these all marked up and it looks a little odd. Um, yeah, so amazon Look at that nice. It's a stairway. It's like a damn stairway to heaven It is look at those if you look at those levels of pullback each one is higher than the next So we have higher low higher low higher low higher low If you get in at the top of this green line, you're going to have a pullback Just look at where the last one sat because we're on the way back up amazon has done so much restructuring and good things to keep themselves going I still think that we're going to see these higher lows. Just expect the red pullback in between Don't get drama on the day unless you zoom out and take a look Can we zoom out to the chart to see the 2021? Um rhythm Yeah, see that It's gorgeous Like it's totally left consolidation It consolidated for quite a while. It totally left that and it's on the way back up What do you think? Well, yeah, I mean we've been talking about amazon and google all year and now they're starting to make a move Like I said, it's been in my top 10 list like consistently because it was very obvious that it was undervalued Underappreciated underexposed when you compared it to a peers We've just saw that apple today hit a 52 week high navidia just hit a 52 week high But amazon and google haven't And the next team that we're going to talk to talk about are pretty much at 52 week highs So I think we need to talk about them to say Be aware When you're looking at opportunities like amazon and google that haven't hit their 52 week highs I don't understand why people are so wrapped up on Debling down in navidia before it's due for a 30 pullback. Oh, that's mine. Nice. Um, okay, so microsoft Okay, here's microsoft Microsoft is coming into again. All my charting is missing. This is terrible Okay, you've already made that clear. I know I'm gonna say that it's so hard. Okay. So microsoft is pretty much hitting an all-time high I don't think that it's time to be aping in but here's the thing about microsoft There's so much in the news and the analysts keep saying microsoft is the number one ai the ai giant the ai giant Yeah, that's all fine and dandy But things pulled back So microsoft is hitting an all-time high If you take a look at before that started despite green the last time we were consolidating You will see That every time microsoft has had those big spikes. So the last time microsoft hit its all-time high Can you mark where it pulled back to? It was pretty deep. It was about 30 percent to Yeah No, like the first peak So where it hit that all-time high and where did the first pullback end that first wave before it rebounded a bit There you go. That's a big percentage that it pulled back So I think that should be your target on microsoft Because these things happen and there's some drama coming with ai and the government And I think the campaigns are going to bring that up, but we'll get into that more in the ai stuff Um oracle, this is another one hitting an all-time high and getting tons of news pump So elon just bought a ton more oracle Um, they're a cloud computing and they are a big deal But again, they're getting tons of press, but they're due for a fat pullback So just be very very careful It doesn't mean they can't go higher because I think they will but just be super careful about where your entry points are What do we have next? So I was just trying to look at some of your guys comments. I apologize. I didn't see all your guys comments here A lot of people coming through dropping comments. I appreciate the support guys. I appreciate the comments I'll try to share them here as much as possible um Thank you guys for sharing your your comments appreciate that And maybe I should Should I put the check? Yeah, I think the bank of canada will as well to crypto man One thing about the bank of canada what the bank of canada did is they said they weren't going to hike rates But what they did is they hiked taxes And they raised things like a minimum wage So in a country where a lot of people are on minimum wage As you guys know on percentages if you raise the minimum wage the taxes on that wage will be higher So that's where it seems like they're getting their money from personally Is this ai that we have next Sorry, I was just trying to go through some of the messages here. Just trying to share that give me one minute here Just trying to share everyone's messages. I appreciate you guys messages. This is great Thank you, and we'll try our best to get to some of them as we can Well, I think best in high interest bonds. Yeah, these days bonds are what is screwing the big companies And that's what micro strategy was using bitcoin to hedge against So bonds have been hurting companies like bonds are are what put first republic and signature bank in the ground So It's tough. All right, so here's ai and ai has been absolutely on fire. This is probably one of the best pure play ai stocks out there There we go. Now. Look at that. Look at those spikes that we've had. They've been unbelievable So yesterday we finished off even like yesterday We finished off a i huge like 33 percent at the end of the day Yeah, that big candle. Those big candles right there. Yeah Yeah, we had a 33 percent at the end of the day So to see today just before we came on session and pulled back to 10 percent big deal Big deal. I think it was completely fair to see it pull back again. Um, you'll have to mark this Yeah, that consolidation area Yeah, it must have been these rsi's and stuff that pushed it off Yeah, no not there at the high of the last spike I I know for me personally, I would not buy this higher than 20 bucks. I wouldn't I can't see that where's the 20 dollar line. Can you show us? Yeah, where I put the line Oh, I would I would I would go a little bit higher than that to the top of those first green candles I think is just fair because Anything lower you could risk getting back in because if you can see we're growing higher lows So just trying to get in at the last low you could likely miss it because we're getting higher lows and higher lows Well, the last low is 16 So I still think if you can get it a 20 or lower and it's given us the chance to get in a 20 or lower like Uh-huh, exactly. We're new personally I would like to buy it for under 20. I don't think I'd feel comfortable buying higher than that because this is not a company That's profitable. This is definitely riding the ai hype and bubble It is but there's also big money government grants being pumped into ai So tesla doesn't make money either, but they get a ton of government grants Um, so that's what brings their profit books up. So, um, I think ai c3 ai being the top ai pick I think a fair range like a mozome would be the top of this green candle the last high Before the wick if you can show us what that number is would be awesome The top of the witch green candle. There's like a last one not not this last rip the last rip This one move to last no before it pulled back Yeah, yeah, what's that number 28 dollars? Yeah, I would not buy this at 28 bucks I think halfway between there is a fair zone. So you said that's 20 to 28 for me I think being in round 24 25 would be okay You could risk having a 10 or 20 percent pullback before its bikes But for me at least I'm in so you can play it either way, right? You can low ball or you can go in the mo zone You just have to be comfortable with waiting the time it takes and the risk because that's how we trade, right? Just be careful with it guys. You can see it is extremely volatile and this thing goes up and down Really really fast. We got a lot to do I don't personally think it's even fair to compare this to tesla because tesla actually I didn't compare it to tesla. I talked about government grants didn't compare Doesn't make money tesla makes billions of dollars. They may not be profitable, but Later though, it's also on the list So until they actually make money like billions of dollars like a tesla I don't even think you can even put them in that category Okay, well, I'm trading this sector because I think it's a great sector that's starting out That's in a bubble that's been making us money. So we've been riding these rhythms So I'm just saying there's ways to make money in the sector You can stay away because they're not making money or you can take the trade But this is one that you brought up today. I never knew of before. I'm excited about it ID AI ID AI is another AI stock that had some really big news today and is ripping up 22. Yeah Say crazy, right? So what are these guys because like I liked this chart When you look though every single spike those pullback candles are hard So if you're going to play this to be aware that those pullback candles come hard and fast Are those daily candles? You see these huge moves and then it comes back down and you see these huge Backdown and now it's making another one of those huge moves. So you need to be careful There's a lot of aggressive sellers in the stock, right? Exactly So I would wait until that move finishes and you see where it comes back down to Because it always seems to consolidate before going again, but at least we're on it. I'm wrk Well before I said one thing I liked about ID AI. It has a really tight float only six million shares That is really tight. The other thing is it's 52 week highs $10. It's 52 week low is $1 30 So it's currently at about 250. So if you can get this, you know at that $2 150 130 range that's where I would feel more comfortable Because like we said every time it does these big spikes up It comes down aggressively because there's aggressive sellers in the stock So just be careful. Like I said a lot of this AI all of these AI ones are pulling back hard So it is you have to make sure you tap it at the lowest point that you can or feel comfortable Mwrk just wanted to quickly say we had this mark. We called it at five cents It's gone up a hell of a lot more yesterday. It had a 33 day today. It was up to 12 and a half. Where's it at now? On games 13 and a half cents. Okay, so I would be super careful I think it's just a bit ready for a pullback So if you look at this chart the bottom of these the time to get in is around Can you mark the bottom of these spikes? the bottom Yeah That's I think about the good level between eight and 10 cents Um eight preferably but any more than that you risk taking a crap on it. So be careful Lemonade can we go to lemonade? Absolutely lemonade. Okay. LMND and you can see it's also having this nice trend up here Yes, but it looks if you zoom out to the proper chart, you'll see like the one year even You will see that that recent action. It's bouncy just like all the rest Really bouncy. So there's big moves like we were seeing 20 days last week Then we'd see a 12 day then a little pullback then another Just tap the bottoms. There's so much money in these but you got to watch where you get in Also sound is our last AI that we'll talk about And this one has been in your top 10 a couple times, right sound Yeah, it was in my AI top 10 list There we go Oh man, I missed my charting put a lot into it All right Where are we at right now? I was that I was down three and a half 3.8% when I looked last. Where are we now at it? To don't it's at three dollars right now, but what's the percentage it's red? Uh three percent Okay, that's not so bad. It's already coming up on the day awesome So it's a little bit more of a slow mover, but when it has a fat day it has a fat day These guys all like to run together So I'd wait till the pullback of that little consolidation area that little zone Because that's where it's been bouncing off of do you see that tight? There we go That I think is a good target. So that's pretty much a mo zone where you just drew I think it's fair like $2. Yeah better at $2 or under $2 if you could get in Always better to hunt for a really good entry. It's always going to give you a better chance to win as an investor Right because you'll take home a higher percentage Like what's the point in getting something in the top and getting 5% out if you could just wait a week for a pullback Like we're seeing now let it pull back for a couple days and then get yourself a 20 Um, okay, we got to get into oil Enbridge Do you realize can you take a look at Enbridge now? Yes So we have the canadian and the american Enbridge if you can zoom out you'll see there's some really good target levels But we have to actually see the visual chart. There we go. Do you see the bottom of that last spike? I took off all the indicators and it still doesn't show any of your You just took up like you you removed all the drawings. That's what you did, but that's okay. No, I removed the indicators Yeah, and the drawings the rsi and the magnum Okay, these were all marked up But yeah, they just got removed Either way if you could just mark the last consolidation on Enbridge Yeah, right about there actually that's a good one Right where you just had your scanner move it down a bit To the butt Down down down down There we go I think no a little bit too high. I'm looking at do you see that m over to the left Before it started to move up. Yeah, just before it started to move up to that high anyways. Yeah, right about there I think we're going to see it come pretty close to that while we're waiting for this Senate level to get worked out But either way the divin end on Enbridge now is close like over seven percent And they have a payout in august Pretty juicy, right? Yeah, it's it's just the I think the oil trade is a really tough trader right now. So I think with these catalysts that the debt ceiling being raised on the OPEC meeting I think we have a good catalyst for oil But it's been coming down and when things come down depends on what kind of trader you are If you're a momentum trader, you're going to be scared of this because it's coming down But we just targeted a really well supported level and if you're a bottom-up trader, this looks pretty juicy So I think that's Enbridge in the u.s. Right? Yeah, 35 dollars in the u.s. And 47 in canada Then we have marathon. Can we go to marathon? yep That's right So MRO is actually already starting to pick up but I think until we have this Senate vote on the debt ceiling We're still going to come down to the bottom of that support, but we're close And it's juicy. There's about 35 left in that You can see the one near how it's been like really trending down guys because the price of oil has come down So a lot of these companies that had their big year last year are all coming back to reality Yeah, let's go fast through the oil because we only have 10 minutes and I have some really big steps It'll kind of all these charts look the same right last year. They all had their big year Oil had the you know, the best year if it's like history and now everybody Exactly Um, all right excellent mobile excellent mobile. This is the one year So they've actually been able to hold pretty strong considering Exactly they're holding much stronger than the most But I think they're just a bit ready to target So basically instead of having to worry about what number do I target when this debt ceiling gets passed And then we see opac saying guess what we're keeping it tight I think that's a huge catalyst for oil and we haven't seen those catalysts for a while. So Not a financial advisor, but watch then we have occidental Occidental these charts all look the same last year. They were all growing up this year. They're all coming down Yeah, um now we have what's next conical? So kind of go for it exactly the same but tight consolidation. So it looks like sellers are pretty much given up Um, and then just waiting for the go Then all right now we're getting into some crypto stocks. Mara now at 980 Okay, Mara just keeps surprising and surprising if you go take a look At mara's news right on their website marathon digital. You're gonna be mind boggled. They're doing amazing things And the study arabia. We talked about that. They had a huge day the last couple days and they're on a small pullback I think set your target and go Then we have btbt. These are gonna move with bitcoin of bitcoin moves. We're gonna see this explode They're bitcoin miners. So when bitcoin goes up, so does their balance books Here's the one that I own 50 52 ekei. Yeah, just hit a 52 ekei today. I do own it Um, and it's doing quite well right now We've been calling this one for quite a while. I don't know when that pullback is gonna come But it's not looking like anytime soon Um, yeah, yeah And hot pretty much similar story They haven't taken off like btbt and bitf However, if you pay close attention, the sector likes to cycle So when one spikes up people will sell and put it onto the next big guy So being that bitf btbt hot eight hive, they're all around a similar price point You'll find when one spikes those profits are going to move into the next So there's a little arbitrage in for you And these are all trades that I would be looking at the price of bitcoin very very closely before you buy If the price of bitcoin is going up, these will most likely go up if the price of bitcoin goes down These will most likely go down and then we have right Here's hive very similar chart You can see the same type of chart where they all kind of dropped last year And now they're all trending back up because the price of bitcoin is going back up and they're following the price of bitcoin Here's riot same thing Here's the uh The one year if you look at the five year on riot, you can see it's been as high as $78 that's when bitcoin hit its all-time highs It's now back at 11 if bitcoin hits back to all-time highs, which we believe it will in the next couple years We could see this go back to 50 60 70 dollars So there's a huge gap to fill here for a lot of these stocks If and when bitcoin gets back to those all-time highs. Yeah, exactly Then the main sector I wanted to talk about now because it's may 31st What happens in june in most people's families? People go on vacation summertime summer vacation So who makes money during summer vacation travel companies? Travel companies these are at beautiful entries. The catalyst is that kids are out people are traveling There's no covid this summer. There might be but it's not stopping anybody from leaving anywhere So covet is not stopping travel this summer. Howly frequently. Yeah Either way, these charts are nice. Can you zoom out? I'm looking here. Okay. So take a look at booking.com booking.com has always been like a giant when it comes to booking But to me, I think they're quite similar to airbnb and the fact that They are selling off rooms. They're selling off all those kinds of stuff. It's for travel short and travel They just had an all-time high But if you look down at airbnb They're not even there yet So I think when you look at the arbitrage opportunity booking is starting to pull back It's starting to have those wick candles at the top of that high But expedia, which is next can we go to expedia? Yeah Yeah Expedia and the next one airbnb are a very similar Thing so expedia is hotels and airlines and yet they haven't had their big spike yet Airbnb is homes and other things They haven't hit their spike yet So clearly the money is in travel. It's just up to us to find those good targets I think expedia and airbnb are at wicked targets. I've actually traded airbnb twice this year already I haven't got back in Yes TNL Ah TNL. Okay. This one's interesting. I didn't know about TNL before they have a dividend It's close to 5% like 4.8 something And they are the top ETF travel each they are travel Held by over 30 of the top hedge funds in the us So this is a really really heavily held by 10 by hedges. What's our what? 4.87 dividend yield pretty good. Yeah pretty nice. Hey Yeah, I'm a juicy upside So that was a new one to me, but I was pretty excited about it This is win win We're going into vegas because now that kovat's over everyone's back at vegas Lots of vegas has been saying they've been having like record pre kovat levels of travel Which means that is going to show up on the books And it's summertime So by the end of summer, this is all going to come up. So the vegas ones that I think are set to capitalize are win So this is win Las Vegas, and they're everywhere Win resort. This one's mgm now. Sorry mgm is topping out, but you can see the arbitrage opportunities So you have some that are at highs and some that are at lows, but they're actually comparable companies Very comparable companies Um, mgm Las Vegas happens Lvs Las Vegas ends. So you can see it's all-time high is 145 currently sitting at 55 and hit a low of Wow, like $2 You know during the pandemic when we couldn't go anywhere, right? No, that was 2008 pandemic. It went to Uh, about 30 dollars. Okay, so we're not far off from their bottom then Well, like I call every bottom the pandemic bottom because that's like our most recent drama in our lives How much percentage do we go back to that high? Um, to get back to its all-time highs from here to get back to that consolidating high Uh About 50 50 60 percent No dramas No dramas then we have red rock resorts Rr r red rock resorts Red rock resorts, I think still pays a dividend, but either way they're getting close to their all-time highs They're not a health of a lot different than wind resorts or las vegas sands This is just showing how the traders are playing these travel stocks. There's arbitrage opportunities everywhere Yeah, two percent dividend Oh Windham hotels and resorts Very very similar. So windham if you look it's coming back down, but it's coming down to a nice level There's got to be about 25 percent from support there On windham. Yeah, right there. Yeah, it's looking like we got a nice runway to 100 bucks Yes, this is what I was thinking and windham is huge Um, then we have hilton resorts now remember hilton is global and they're not just vegas Um and also hilton is big on business travel So I think hilton can still go higher because they continued to go high all through the pandemic. They didn't really get like drama um Now we have luv We're getting into airlines airlines southwest airlines These next guys are airlines. Um with the exception of I got rose royce stuck in there because Rose Royce's engine engines for airlines, but either way I think love looks amazing and so does the next airline delta Yeah, it actually looks uh, like it's did a big drop here So we may be able to get in for a nice dip buy here on luv. Exactly Delta same type of thing One already one higher low. Do you see that? So that's a pretty nice recovery They had a lot of drama over christmas time because there was all the issues of People not showing up for their flights. Remember Yep They had like a lack of staff because people were non-vaxxed and blah blah blah So those dramas seem to be chilled out. So if you're a bottom-up trader, these are good opportunities um american irelands Yeah, american Definitely look like it's finding a bottom here exactly Now one that is so surprising is the next one ryan air They're on a spike But look at that. That's ryan air. They're like a budget airline. They're super budget airline But why did they spike they figured out a way to hedge their gas prices? So they just had some really good earnings So if that doesn't tell you anything that they just had amazing earnings and all they had to do was hedge some gas prices And I don't think it was legendary that shows us that there's opportunities left and all the rest It's going to cycle through United airlines equally juicy Again, it looks to me like that consolidation is just about done Then next one I wanted to bring in jets Travel easier I like to throw an ets for people because sometimes not everybody wants to do like a whole Find your own and do your own dd When you buy an ets a lot of people have done some dd for you So that's why I thought jets looked pretty good and I looked into it and they have all the top airlines and travel stocks All right bowing where we've been an hour. So we're going a little bit over But we're going to try to roll through And we'll go really fast on the next travel was my most exciting thing. It's may 31st It's time to get these travel stocks. That was my most important But bowing bowing has pretty much sorted their drama If you're ever going to get back into bowing if you like it They've been increasing their production. They stopped killing people So bowling and rose rice are starting to look good rose rice took a drama with bowing because they make the engines Here's rose rice r y c e y rose rice at $1.76. Wow Yeah, so bowing tried to blame rose rice on the engines failing When there was all those problems of the ethiopia and the indonesian planes going down They tried to blame rose rice. So that's why it came down They're ready to come up. So just wanted to say that I think it's juicy as heck tesla back to 200 bucks Tesla is looking so ridiculously good and there's big catalyst coming for tesla So there was just a whole bunch of money just went in for ai people all these Companies can file for ai grants tesla is one of them because they're putting ai all through their cars But the next thing that just came up that's really juicy Is there's a huge grant coming out from the u.s. Government and this is for eb charging So do your own dd this news just came out five days ago So it'll be there in google But big grants for eb charging. So that's why we wanted to bring up tesla and It's new to me ffie Faraday future intelligent electric ink ffie So they're an electric vehicle people thought they weren't going to get any vehicles out the door They thought they were just concept because they look way too cool But they've actually got one And it's going out the door and it's damn cool. So take a look at their car and it's ready to rock. So Also, they qualify for these grants Next I had to bring up nbm mbm is juicy It had a big spike yesterday. I think we were up eight or nine percent yesterday Trying to find my chart here Eight or nine percent yesterday and the reason I brought that up is there's a and I I think this is what did it There's a very big new south korean I feel coming out that's battery recharging And mbm is going to be working with them So keep your eyes peeled on mbm because they can get that arbitrage spike Speaking of charge point holdings These next ones the next four the only reason I brought them up is these guys all qualify for that And big ai grants and they have to have the grants Applied for before the end of june or early july. I think it was Which means that gives us like probably four to six weeks to get positioned before they announce who's going to get all this grant money So I think it's a good time to do your dd and take your pick of who's Going to be your fave to get that grant then we can get the pump All right bp Same trend line You wouldn't think that bp is the big one charging, but they are they're one of the top charge points in the uk and china I didn't realize that till recent. I brought up last week or a week before shell, but bp uk and china top charge points Interesting. Yeah, that was the main trend big trend in the last few months up here yes And then we have workhorse now as we talked about workhorse like maybe a month or so ago Workhorse is actually making these charge points and selling it to the others So they're like the picks and shovels Of the ebe battery charging stations Definitely close to a bottom. I mean you would think I mean Problem is when a stock gets under a dollar it gets really really shorted. So you have to be really careful But they will also qualify for this grant so keep your eyes peeled because when the news comes out on that You'd still have time to tap it if you need to Just be careful because like I said when a stock gets under a dollar it gets really really hectic It does especially bbl nk blink charging 674 Not so bad again pretty much at the bottom and these guys also qualify for this big grant and like the grant is huge Go back and do your dd and look at the news But it was about five days ago. It's huge And there's really only a handful of charging companies that could qualify So they stand to put a big chunk cash on their ballots books So that could really light up the ebe industry All right, so we're done all the charts, but we wanted to go through two cryptos for one of our members who requested Um, you know them, don't you? Yeah, arbitram. These are two cryptos that are relatively new Arbitrum has just kind of come out and it's one for you to definitely put on your radar Put on your watch list you can see over the last six months It's been as high as $1.78 and I just like to mark the high high in the low low So I know my trading zone and it's been as low as $1.03 and it's currently sitting $1.15 So if you wanted to get into this trade, I think if you get into these levels or lower You're setting yourself up probably pretty good So that when the next run comes in crypto, you'll probably see this, you know, make a nice run back to 150 Maybe $2 and you'll get a return on your investment or arbitram And they're also very heavily involved in NFTs. So there's a lot of stuff going on with both of these projects this is optimism op And you can see they haven't been around that long either, but they've been as high as like let's say about 320 We're going to mark the high high at 320 And they've been as low as just recently like about a dollar 30 zone And it's really pretty much trading right at the bottom right now So obviously you don't want to chase the falling knife. Let it go a little bit lower possible Let it do so today at the bottom of it first I think Lower then you're probably setting yourself up pretty good Um with these trades. So that's those are our picks We went through a lot of trades a lot of picks with stocks crypto gold oil And uh, we got a chance to hear um, amanda in her opinion on everything So is there anything else you want to say Amanda before we say goodbye? I just wanted to say if you missed anything just go through the nice thing about it being on youtube Is you could pause and take your list out and do your own dd But um, aside from that get it and then next week we'll be here to hash out another Thank you guys and they say and you know selling may go away. So clearly they're selling today Last day in may red day We're going to be watching the markets very very closely Thank you for watching with us and joining us and being here for this week's session If you have any questions concerns, please put it in the description of the video You have any picks you want us to look at for maybe next week You can put it in the description of the video and we'll do our best to look at the charts and bring them up Next week amanda. Thank you for joining us once again Thank you for your analysis. Thank you for your chart analysis and your wisdom and for everyone that's watching Thank you for watching if you like these videos smash the like button Comment down below share the video everywhere and subscribe and thank you for watching rich tv live These videos are all over social media. We appreciate all your support everywhere And have yourselves a great day your host with the most your boy rich from rich tv live with amanda from big castle homes Saying have a great day. We'll see you soon