 Hey, what's up guys? Hey, how's everybody doing? What's up J2? Spindle? Yeah, today was bad. Today was bad. There was a lot of blood. Why market? Why? Since Spindle said living life one day at a time homies. XOE energy held up. Do you think we'll see a continued movement to energy? Highly unlikely. Energy has done a lot of this BS where they run up and come back down. What's up? What's up? Market on this period? Indeed it is blood in the street today. Blood was in the street today. Afternoon. What's up G-Money? The plan for SGH holding to split? Yes, usually that's the case. Hold into split. Hold until after split. Hold throughout split. Hold the line. Hold forever. What's up Mass Appeal? How you doing? Nice. Nice. She is the trading group thinks this would be a big year for energy and financials. I could see it for financials. I don't really see it for energy. I could see it for financials because interest rates are going up and financials is still somewhat cheap, relatively cheap to a certain extent. I don't see it for the energy because energy had a strong move last year and we would have to we turn back to really high output of economic activity for energy to really make sense and I'm not sure if we're at that point yet. Oh my god Microsoft just died today. Crypto also off to a bad start. Yeah, I saw that yesterday too. What's up J2? Hey, what's up man? Good afternoon. A lot of pain today man. Holy smokes. Oh even for me man. Jesus. So let's see. Walmart looking decent. Berkshire had to weigh new all-time highs. Financials has been pretty strong today. You got Apple looking like we've heard to sit the downside. Microsoft really bleeding through the street today and then you have Oracle that looked like it was gonna make a reversal yesterday and then today it was like psyching happening. Tesla coming back down pretty hard as well, giving up all that gain that it had. Breaking all the support on the way down. So today's been a rough day man. For me, for you, for everybody. Maybe not for some of you. I don't know. Let's go over some of the news today and then we'll go over some of the earnings. We have an earnings today. Earnings after hours Saratoga and RGP. Yeah and you know man, I got crushed off in Bern and I didn't even I didn't even really like expect to play the market a lot today. So because I knew earlier this week too that we were in bad territory. So you know earlier this week I posted the market outlook right. I posted my Monday market outlook and and I was like yo this is a wrist off week. Wrist off, wrist off, wrist off. I said that so many times man. But for some reason I didn't listen to my own advice. I got caught in the FOMO and and things a little bit scary you know. So you know on Monday January 3rd 129 a.m. I was looking over these charts and I was like hey you know Omercan peak. We had a lot of fun yesterday too right. We charted the COVID out yesterday and I was like look for possible plays in these longs. And I did end up playing the long in MRMA today and I'm still holding some shorts in the travel sector. So hopefully we do fall at least let the travel stocks fall and let the let the health care stock run for me please. Please stock God please. And you know so I said this was a wrist off week. It was good week to like stake you know in other words it was a good week to stake cash and and then yesterday I saw the stock split on SGH and I just liked it man. It was a good stock split because generally when a stock does a split is very very bullish because it brings in a lot of new investors. So you know I did a I did my spreadsheet right. I'll go into SGA's right now for you. So I did the spreadsheet SGH current price this morning was around 6050. The split record date is things 127. The split date is February 2nd I mean February 1st and then the approval date was yesterday you know January 4th right. So the price your announcement was $72. Right now the stock is way below price of announcement which is 61.52. I think that's a steal. Anticipating a 10% increase we will see this at $79. Anticipating a 20% increase this is $86. Anticipating 30% increase this is $96. So extremely on the value to a certain extent and and I feel that I and I looked up the analyst upgrade this morning too for it. So it got two price upgrades so Wall Street is bullish on it and I also know for a fact that you know these these MMS they're not gonna buy when the stock is high. They want to buy on the cheap. So I assume they're probably loading the boat right now because this one this firm you know had had a buy rating on the stock with a $85 price target which kind of aligned with one of the price targets we had $86 right 20% increase. So they had $85 price target here and then they also had $82 price target but for some reason whatsoever the stock is like burning like crashing and burning and so obviously what I do I load the boat you know because if it's crashing and burning everybody shook I load the boat because every every time I play these stock splits the market has always paid me back. You know the last time we had we were fortunate enough to catch a good split was a video when we were looking at the ERs and you know they announced a split here. May 26th 2021 they announced the earnings and it just ran it just like pew pew pew pew pew pew pew you know ran so hard right 150 all the way to like 210 $60 run you know ran so hard and then came back down like a little bit here and then just continue making new highs. So that was a good split last year. So stock splits are generally always bullish. Those are one of the two most bullish things that I cover on the fundamental site in terms of Wall Street hedge funds because they either they do stock buybacks to get more people to come in you know and artificially increase the price of stocks to go up higher or B they do stock splits so these are two things that are generally always bullish and they always play out really really well regardless of what the technical analysis is. So the other stock split that we played that played out really well was Tesla which kind of is I feel like this is pulling like Tesla right now because last time when Tesla did a split in July 2020 right they came back down and everybody was shook the earnings was bad it came back down it didn't move from January 24th all the way to August 11th it did not move it didn't move for like good two weeks man everybody that got in with Tesla with us was shook they were like is this gonna really run you know is it really gonna run the whole seven what should we do and and they weren't sure you know I was like trust man Tesla such a big stock and when they do a split they got to run right so eventually they started making that big move to 273 to $500 man they ended up running so much they ran more than they should have ever ran so these are just some history of some other stocks that split before and and they have historically run I think TTD was also another one another notable play that we have done in our server where the stock ran a lot so this was also another value opportunity TTD had earnings if you guys don't know this is this was one of my favorite companies out there cuz they're like a marketing advertising firm and I think those are always gonna be essential and they're great at what they do so they had really bad earnings they were already sloping down had a bad earnings came all the way back down to like $50 and they announced a split and I was like heck yeah I'm buying this I loaded the boat it didn't move for like five six days and I'll just sit in there and and shaking my legs man I'm like shook you know cuz I already deployed all my capital at this point and then it moved so I started moving finally start moving and I ended up unloading like a lot of it just for a $10 move up like you know from 40 to 50s like I mean from 49 to 59 and I ended up holding some and then the cat ran running and I unloaded some here and some here so just been very fortunate it's gonna have faced sometimes I hopefully SGH does the same thing I don't see why not because honestly at the end of the day they're a very strong company they make a lot of money seven consecutive quarter of making money so I think this is just a buying opportunities just like Tesla and TTD so I hope they answer your question of adding more on the position but we'll see the only thing I worry about is the market because if you look at the stock market right we're seeing somewhat of a reversal pattern here we were chopping the last few days and we couldn't move up so let me look at the intraday time frame as well so you can see the intraday time frame we had this triple top here 1 2 3 quad top we add another top here yesterday and we've been really struggling to break above so when we came back down to test the slime we didn't even slowly test it or lightly test it we just flopped right through it so anytime when it flops right through like that when it just like breaks right through it it kind of signals a lot of selling pressure and selling pressure a lot of selling pressure like that generally continues a little bit further so you know that could end up continuing more selling pressure to here if this area doesn't hold tomorrow if we don't end up closing above 471 tomorrow you know if we don't end up closing above 471 tomorrow on spire slash ES then I think we're most likely gonna come back down to 460s and worst case 456 so I am a little bit worried about that because obviously if we go to those levels my SGH stock is gonna go down too because like I said the indices are like the weather and nothing is immune from the weather so that's why I'm kind of sad today man feel like I'm buying the top because I went from 80% cash to only 20% cash at this point maybe check in QQQ as well if spy has more downside QQQ could break that weekly resistance let me see the Q's actually came down a lot already you think the Q could break this resistance maybe the Q's will carry us maybe the Q's will hold this resistance here so the Q resistance that nasty Nate is talking about is potentially around 381 to like 379 ish I assume that you you're thinking that those can break down now I like these candles too much man it's too sexy yeah that's that's one thing that was strongly advice make sure you always have more time 21 is a lot of time so that's about two weeks out I would always advise getting two weeks to three weeks out I actually don't particularly like the middle of the month because those are monthly expirations monthly expirations are usually like pretty pretty ugly sometimes that's when big moves happen what's up go though check spy for tomorrow on Friday and can you show how to use your algo we're just checking spy right now we just checked out spy now we're looking at Nasdaq and an ES yep what's up yeah well I can go over a little bit about it because we don't really have a lot of earnings that usually we would go over earnings so like tomorrow we'll probably focus a bit more earnings but I'll go pretty much it's pretty much like going over the concept of supplying demand and the bottom indicator kind of helps you you know let you know when the money flow come into the stock it lets you know when the MM are coming in and and this is kind of like goes to the the concept for when I first started investing or trading it's from Warren Buffett this quote you want to buy when others are fearful and you want to sell when others are greedy and indicator in the system help us do that so the reason I say that is because you know and and you can see at the weekly outlook that I post to you can see how accurate it is or how like you know how well it's been working out because it's in the it's in the lead channel every week and and that is just strictly based on the fact that selling when others are greedy and buying when others are fearful it's as basic as that and you know early this week said it was a good time to risk off and not just because of all these factors but because of the most basic indicator on here that says we should we are we are we are at extreme greed that's just the most basic in the fact indicator up here that is saying that we're extreme greed and we could potentially come down because people people usually naturally want to take profit have you taken a look at FMC minutes I'll take a look at that FOMC meeting 1 to 126 hmm so let's see minnisfilm fits FMC meeting shows Fed members view increasing policy accommodation provided by ongoing pace of net asset purchase no longer necessary sites elevated inflation and strengthening labor market so see what they're saying so this is the copy and paste startup sentence they always committed to support the economy they said job gain has been good but that's not necessary to true they said that the risks to the economic outlook remain still including new variants of the virus the committee sees to achieve maximum employment and inflation at the rate of 2% over the long run in support of these goals the committee decided to keep the target range for the Fed fund rate at 0 to 1 1 to quarter percent with inflation having exceeded I do do with inflation having exceeded 2% for some time the committee expected appropriately to be appropriate and maintain this target range doesn't sound too bad they did decide that they're going to reduce the monthly pace of the net asset purchase by 20 billion for Treasury securities and they're going to reduce by 10 billion for age agency back mortgage back securities beginning January the committee increases holding off Treasury securities by at least 40 mil I mean free bill per month we what I'm not sure what last month's data was I have to have to double check last month some purchase asset purchase I don't know if they're really increasing or decreasing so I mean apparently they said that they feel that the Fed they think that they can hit you know they can hike as potentially being met relatively soon if recent pace of labor market improvement continues I don't think we're gonna see improvement labor market though because then then our data yesterday show pretty no it was pretty ugly they said the meeting show a couple participants cited that reports of higher inflation expectations of businesses and increased costs of living adjustment and wage negotiation as early development that could affect inflation oh wow they also said that they they think that the global supply chain bottleneck will persist well into 2023 at least that's crazy they think that's gonna go and run into 2023 man Jesus what else is new says Italy bans on vaccinated people over the age of 50 from going to work wow everybody's pushing the vaccine market on closing balance is 1.2 billion to the sell side so yesterday we were one point something billion to the buy side now we're one point something bill into the sell side that's getting pretty bearish let me catch up on the comments and some earnings what's up QZ is lucky enough to strangle my tech stocks very nice who will not take a look at those later hey what's up man miracle look at XLM for a short possibly a lot of these has has been running up and pulling back you have a possible trend line top here this is either gonna break out or break down but the momentum has been pretty strong though that's true to a certain extent it nothing with new in there mmm good point good point if the dollar is strong then it's bad for the market you know did they change the site and they put lemon on there sure is long all geck still has a lot of room to go so I feel like we haven't really bottomed out in geck yet so that means we can have more room but I'm not a big fan of this I don't I don't really actually read a lot it's more on time Hawk see what the dollar index is looking like as well dollar index got money flow coming in to bounce off the support so the dollar index was actually pretty strong from a few days ago it will look like it was gonna break down found the support and just looks like it wants to grind back up oh that's true that's good point it's usually the lay as well so what do you guys think by the dip you think we got one more day left let's look at some of the earnings from today gonna wait to see geck's number for confirmation not a bad idea buying a dip Mario said no money left a couple of magic said ouch tomorrow's JTW is choppy Thursday possibly Berkeley lights sees full year 21 sales 84 to 84.5 as supposed to 90 this is sales grow year-over-years 30% how has the stock been growing year-over-year stock has been declining year-over-year I'm sure why Saratoga investment also reported earnings today earnings per share 79 cents as opposed to 54 cents this is a 28% increase compared to the same period last year hmm so they have a repurchasing plan available for up to 600,000 shares they said they will buy anytime the stock falls below the price heavy price so 2917 right now is 2902 so I'm guessing anytime it's so this is probably something interesting to watch it hasn't hasn't moved a lot because they're like an investment company and they have a lot of book money and things like that but if we ever get a dramatic drop in this stock probably go up to a need to buy go up to a need to buy credit bull spread what's your buy the what did you buy their credit spread on so RGP also reported as well 47 cents earnings per share as opposed to 33 cents estimate the sales is 200 mil as opposed to 189 mil this is a hundred and twenty three percent increase compared to the same period last year and 30% increase in sales compared to the same period last year they do consult team and business initiative support service apparently revenue slowing down a little bit the income getting better though they're back to that whole that 2020 levels right here LDNC also reported earnings today earnings shares negative $1.30 does not compare to negative 4 cents sales for former sales is 43.5 as opposed to 42.93 so this is a huge decrease compared to the same period last year and 66 percent decrease in sales compared to last year company stock was trading at 10 right now is 1065 could probably go lower to check out Turtle Beach you know Turtle Beach should get into making VR headsets Turtle Beach four year revenue 365 million as opposed to 374 in line with guidance of 365 to 380 so look like they hit the lower end oh they said they're this is actually a preliminary result that they're providing here so I think they're gonna they said they're gonna report their earnings a little bit later so they just already released the number for this earning already which is a little bit below estimate to some extent let me see where were they trading a year ago company was trading around $28 a year ago two year ago oh man two year ago was like $10 was almost dead even went as low as a dollar and change at some point crazy about us $7 that was pretty much all the earnings for after hours AT&T also we released some data today they said they added 275 versus description for subscribers for Q4 deliver total post-pay addition of 1.3 million and about 80 phones they said they ended 2021 with 73.8 million total HBO max subscribers oh this is diet company simply good this is the company that sells like Crest brands and Atkins and stuff they also reported earnings this morning EPS is 43 cents as opposed to 35 cents sales is 281 mil as opposed to 265 mil let me see what the press releases look like the income was kind of weak what happened there it's flashing costs inflation so it's a national business the client 27% due to your business exit no share buybacks so a year ago the company is trading around $30 right now is at 38 had about 48% increase in earnings per share 21% increase in sales the numbers puts around 3750 so it's kind of trading like pretty close range to that revenue increase estimate RPM international also reported earnings this is the think the Rustoleum paint company so earnings per share was 79 cents as opposed to 83 cents sales is 1.64 billion as opposed to 1.55 25% decrease in earnings compared to the same period last year while having 10% increase in sales compared to last year so that must have mean that revenue had increased but margins took a hit by due to supply chains or inflationary costs well they said that was a record second-quarter sales so our game supposed to be a world leader in specialty coating and sealants or so they said this is a supply chain challenge cost them about 200 mil that's only 1.2 but they said the price increase is offset by their by the growth program wow and they build a new facility that they purchased last year in September raw material purchase is an issue for them but they said despite these supply chain challenges they're still gonna make more money it's just gonna hit their margins nothing else no share we purchase or anything they that's pretty much all the earnings for today it's looking forward to looking forward to tomorrow we have we played a lot of forbid bath and beyond before market opens then we have Walgreens we have STZ we have Conagra Lame Western could have played a lot more honestly but it's just a just iffy week just not sure where it we're overall market direction and things want to go so that's why it didn't really end up playing much I guess I could have potentially played STZ because that's usually pretty flat earnings we could have burned some premium there and then Lame Western might surprise us with with interesting learning as well but we'll see we'll see where bath happened beyond leave us tomorrow because if if the bathroom beyond end up having a pretty great earnings this could be a big mover I could see this move back to like that $20 level if they end up killing that ER because we're also at a potential double bottom to here double bottom support and and just half a move from the double bottom support would be back to this $20 range and we have a lot a lot of on that so that could you could bank off a lot from that but we'll see we'll see what what things look like this is supposed to be one of their really one of their first positive quarters in a while at 1.95 billion estimate but you know they've been missing the earnings for the last few quarter as well so we'll see I would say all the flood was given out yesterday when we're charting the COVID cases I don't think we did look at a few things we're we're less some interesting support a NASDAQ or you know so NASDAQ could come back to this range here if that that range holds and then we bounce them here that's great you know that could potentially carry us I'm surprised we actually got a 3% drop on NASDAQ today the down does show actually finding that top that was almost too easy if you didn't show it down does show the top today not sure what you were doing it's getting Baba we talked a little bit about Baba last week on how it was a potentially a scam maybe because we went when the Baba ran the 30th right we had a huge run pull back all week looks like they're getting some momentum again I guess maybe they want to shift into that sector but no no no I looked at I looked at the Hong Kong index last night and didn't look that good it was looking pretty bearish so I'm not sure we would have to break out I don't think we're gonna break out I think we're gonna break down and I think we're gonna break down some more so whatever strength that you see I think it's gonna give it up because they tend to follow our market and so overnight session they're gonna follow our market some more and they're gonna continue to break down some more possibly but some of these stocks they broke down so much is like how much more can they go look at JD really at the double bottom here Charlie double down on Ali Baba Jesus ouch I'm sorry to hear that kid the thing about SE was that you know 10 cent was they they sold so much you know just imagine like just imagine one of the whales like like just imagine a big whale selling their position you know when they reported that they sold about 14.5 million shares at 208 per share that's a lot man that's a huge position so that's a that's a big position man right that's a three billion stake I mean and you know we caught that news early too we caught that news before that news came out right that could be the thing that kind of snowballs this all the way back down because I mean look how look how far SE has ran right remember when Baba was that high and and I was so delusional I you know some of us bought Baba you know over here thinking this was the bottom I didn't I wasn't delusional about buying Baba but I was a little bit delusional about buying this this stock Baidu a lot of these made big parabolic moves and and I'm not catching this knife no more I'm waiting for this knife to come back down to to 93 dollars to buy some share I'm not buying it anywhere on these levels unless it comes back down here so Baba was the only one that came down pretty close to get level to buy which was 110s this which is this these two levels here right so that was a decent level for Ali Baba to buy but a lot of the other tickers I think we have a lot of room and a lot of potential to go so a lot of things trust me man you might even see more than 180s because once we lose that 190 range you don't want to know man you don't even want to know how much more it can go so we need to we claim 200 honestly for for your for your sake for you guys sake because once it cross over once it loses the 180s it's gonna set up what's called a deaf cross I mean technically already deaf cross almost and deaf cross usually takes a while to recover so already deaf cross up here but what goes down must come up right eventually eventually and and you know what the other thing is I don't think Asia I don't think Asia is recovering that well either though that's not the problem it's like if if SE ran so much why isn't Amazon running so much oh yeah what about that grab IPO haven't looked at that wow oh grab IPO did come back down came back to fives didn't quite get the 7s though wow apparently dv owns a holding and grab that's interesting how about Roku and PayPal Roku came back to the $200 level we've been looking at Roku the last few times right it was struggling to break above this 233 range here and but and didn't break above it came back down touching the $197 now it's got a hole if it doesn't hole this is either a buy the dip opportunity or or the beginning of a further downfall what is this what is next level like 166 that's huge downfall PayPal I guess I guess maybe maybe we can see another opportunity around the $180 area PayPal comes back down a little bit more that might be interesting it's also struggling to break above as well a lot of stocks are struggling to break up Amazon back at the bottom of the trend line if this is not a buying opportunity I don't know what is cup of magic I don't know what is wow Bitcoin broke down pretty hard too ouch the book the Bitcoin just die oh oh my god just come to $41,000 already Bitcoin come to $41,000 so we can get a good bounce come to freaking $41,000 man sheesh oh no no I'm ending it here man this is too depressing this is too depressing we'll be back here tomorrow hopefully hopefully we'll have better news for those of us in the earnings challenge hopefully hopefully we we make a lot of money from this bathroom beyond and it carries our mood up but Jesus Jesus man this is ugly I'll see you guys man take care