 what's up guys going on happy Thursdays wow so the market is down across the board today NASDAQ down 3.7% SMP 500 down 2.4 Dow down about 1.5 Jesus crazy check out the market bubble T-Mobile was up a lot today huge gap up DXC was also up a lot Facebook down 25% 26% holy smokes have never seen a big cap down that much Google starting that we versus the downside things looking ugly check out earnings today got Amazon for snapchat Pinterest Unity Skyworks sketches go pros here we go wow look at Amazon did they do it Amazon getting lit baby yes sir let's go and I guys what's up so Amazon Q4 earnings per share is 27.75 they said it's up from 1409 really great quarter making amazing money Q4 sales is 137.4 billion as opposed to 137.6 Q1 sales is going to be between 112 bill 217 billion as opposed to 120 so another week guidance coming up they said Skyworks also reported as well earnings per shares $3.14 estimate of 312 sales is $1.51 as opposed to $1.50 this is a 6% decrease compared to the same period last year and sales is about the same as last year expo also reporting no real change 38 cents as well to 35 111 I mean 113.5 mil as opposed to 110 not much going on there Skyworks also provided guidance for Q2 they said they're gonna be making about $2.62 as opposed to 260 sales is gonna be 1.3 to 1.36 as opposed to 1.32 Amazon earning typo not sure let me see what do we think about Activision earnings I don't think it's gonna matter much whether they beat or miss because Activision is already being acquired by by Microsoft so it's probably gonna stay within the dollar or $2 range I would be really really shocked for them to drop even further I think they can actually only go up from here unless the deal doesn't go through so fourth quarter results they said net sales actually increase operating income decreased to 3.5 billion in the fourth quarter compared with 6.9 billion in the previous quarter well so that actually had a good beat there the income increase to 14.3 billion or $27 per per diluted here so that was better than the previous quarter at 14 I knew it I said this last night too so it says 2021 net income include a pre-tax valuation gain of 11.8 billion from the common stock investment in Rivian automotive Omar with the puns here Amazon told Google here hold my package so year over year results net sales increased 22% operating income increased by 1 billion no 2 billion increased by 2 billion on a four-year basis and then net income increased 33 billion compared with 21.3 so doing better than 2020 for 2021 stocks split stocks split stocks split stocks split what's up what's up Chris Mario I guess they I guess they did be pretty good I mean like me me stock split stock split yeah the numbers over here looks pretty insane but guidance is still pretty weak though they're just talking about all the other things they're doing I'm just trying to see if they say anything about stock split Amazon announced a collaboration with Lockheed Martin and Cisco that will send Alexa into space and they're gonna do one of the first of several NASA missions that will land the first woman and the first person of color on the moon nice nice why don't you guys just land like an animal on the moon to land the whole thing man get a cat a dog get the first dog on the moon bro has has a dog ever been on the moon have a dog has anybody ever sent a dog to the moon before make it happen Amazon make it happen send an elephant to the moon while you're at it Jeff bozo indeed indeed oh really that's pretty cool wow Amazon is launching so many things oh yeah I remember reading about this this is actually really scary so Amazon announced the Amazon sidewalk bridge pro by ring and which will bring professional grade device connectivity to even more places including commercial centers parks University and Wilderness areas along with announcement Amazon will launch two pilot programs the first pilot with Arizona State University will focus on extending the range of connectivity for the university's on-campus thing of Internet of Things including sunlight sensor temperatures CO2 blah blah blah I know that things but pretty much at one point at some point later on in the future Amazon will see everything bro it will be like it will be like that that um that movie will Smith I think like was it something about state something like that where like the government was hunting this guy in a CIA has like all the information on them things like that it is not a robot it's like a super old movie enemy of the state that's right good one good one my man so so pretty much Amazon's gonna be like that they they have their ring camera that's gonna record everything and they can map the whole street out with it that's kind of crazy man they talk about you know gaining significant customers and AWS I as well I this morning though I did daughter something kind of funny because I remember during the Apple earnings like the day of Apple earnings Apple announced some random news that day and then today this morning Amazon also announced some random news they said oh you know best buy set their partner with us you know blah blah blah I mean I don't even like that company best buy but it was just some random news they decided to release this morning out of nowhere AWS gonna have a private 5g network there's so much things I can't even read them all man Jesus next thing you know Amazon is gonna be the government Amazon launch a make every day better for employees a new mechanism to help keep employees up-to-date on changes the company is making base on employees feedbacks I said you'd be working so hard Amazon that you only even have time to do it here's the guidance first quarter 2022 guidance that sales are expected to be between 112 to 117 billion or to grow between 3% and 8% compared with the first quarter of 2021 the guidance anticipate unfavorable impact of approximately 150 basis point from foreign exchange rates operating income is expected to be between 3 and 6 billion compared with 8.9 in the first quarter of 2021 this guidance include approximately 1 billion lower depreciation expense due to increase in the estimate estimated useful life of our servers and networking equipment beginning January 1st 2022 this guidance assumes among other things had no additional business acquisitions ooh why they say that this time are they planning to acquire somebody I wonder if they always I don't I don't think I now I definitely don't remember reading this in these in the other ones but so pretty much it says this guidance assumes that among other things that no additional business acquisitions be structuring their legal settlement sentiments are concluded interesting no stock split though dang why alright let's look at some of the earnings oh four also came out today oh oh big miss by 4th down 6% earnings per share is 26 cents it's most of 45 cents sales was 37.7 billion as opposed to 35.52 23% decrease compared to EPS of last year a year ago was $11 13% increase in sales compared to last year a year ago stock restraining $11 was their guidance is Amazon really carrying the market though the Pinterest reported Pinterest also reported it's up 20% wow wow earnings per share is 49 cents as opposed to 45 cents sales is a 47 million as opposed to a 27 13% increase compared to the same period last year and 20% increase in sales compared to the same period last year for Pinterest last year company was trading around $80 it is now trading at $29 so it's just like coming back to yesterday's prices stock split stock split oh wow Pinterest has a Pinterest has an AR for try on for home the cores oh actually just pride the camera that's nothing new everybody has a year now no split Q4 global monthly active user decrease 6% Q1 revenue growing in high teen percentage year over year sees operating expense grown 10% year over year meh nothing crazy there GoPro also reporting today EPS 41 cents is supposed to 35 cents sales is 390 mil as opposed to 380 to stock buy back 100 mil market cap 7% while snapchat up 40% I'm gonna check that out nobody use benches for real I want a stock split for every year you get a split you get a split no actually believe it or not stock splits are actually only supposed to happen when the company has a really really good earnings like they when it's only supposed to happen when the company has like a blowout quarter and the reason behind that is because if you're gonna split your stock right you're essentially giving people an opportunity to sell and you're like opening up like you're converting like one share to like a lot of shares right so if you're converting one shares to a lot of shares for your shareholders you at the same time want to when your original shareholders to be holding positions right and you want to acquire a new shareholder at the same time but in order to really achieve that in order to do that the stock has to be attractive you know in the first place right so in order for the stock to be attractive for people that will want to own it then then you know you would have to have a really phenomenal earnings and you know reasonably good guidance as well for you know in order for you to split so that when you're splitting the stock you're you'll know that people aren't gonna sell off your stocks so that's why it's supposed to have really good earnings before you like before they want to split so like if things are gonna get really really bad then you actually don't want to like if you're having the like horrible quarter or you're just having like a barely you know quarter you don't want to be splitting then why is Amazon running so hard I think it's just probably because it's so over so at this point I thought Pinterest was gonna dump again and the insider selling earlier this year it's market so unpredictable I think it's so hard to see that social media company dropping because they already got so beat up yesterday that it's like man how much more punishment can they get right like to see them get more punishment today would be like kicking somebody when they're down in January 27 gopals board director authorized the company to repurchase 100 million shares is GoPro even good still alright let me check out step chat wait where is Amazon running to oh my god snapchat really be running 40% it's only of $10 what was it what was that yesterday $31 day before that was 34 I open go Amazon go wait hold up what do I have for Amazon dang I'm not gonna make money unless Amazon hits 4,000 never mind but go Amazon go save the market save my ETF position yeah not gonna lie I was pretty beat up yesterday when when when Facebook dropped because I opened it like like fangstock ETFs and my fangstock ETF was was gonna get beat up actually surprisingly didn't get beat up today but I thought I was gonna get beat up you know I think I have XLC as well which is a communication ETF and that had a big position of Google on it with Facebook and Amazon as well so if like you know if if if the whole QQQ and tech sector was gonna be ugly then that that ETF was just gonna die your market is so crazy now Clark's actually miss earnings they dropped a lot why couldn't the other company drop that day man why couldn't Colgate drop like this earnings per share 66 cents miss estimate of 84 cents sales is 1.47 as opposed to 1.66 67% decrease compared to the same period last year and 7% decrease down 12% is it is it at pre-covid yo is that pre-covid levels man is down so much it's almost that I think the next support is like around 140 something let me let me pull up let me pull up the support for Clorox I got you we'll take a look at Unity let me take a look at Clorox support real quick oh I think next support is at 145 see if let's see if Clorox will make this move all right let's check out Unity oh Activision reported as well no guidance obviously cuz they're being bought out split stock split where's Unity yeah I don't see Unity oh we're gonna make this phone call we'll be back in a minute guys I'm back had to go to the door for a second what's up all right Unity company deliver 1.1 billion in revenue in 2021 up 41% year-over-year exceeding guidance guys to a range of 33 to 36% revenue growth in 2022 so slowing down a little bit four quarter revenue which is up 43% additionally the company announced a full year 2021 revenue of 1.1 billion a growth of 44% year-over-year so last year's growth was 44% next year's growth gonna be about 34% stock split stock split strategic acquisition nothing crazy here says it's up 16% how's the company trading from IPO price IPO was at $64 it was landing at a major support today around 93 were we're up a little bit up 14 $15 up 16% let's see say like say like 64 times 1.4 around 89 dollars we're still growing pretty far from like on stock price I still think Unity is actually pretty overvalue as a company because they're still trading so far away like the tangible book value per share is $4 price to sales is 28x which is really high I think I think that might even be higher than Tesla man when they see what is Tesla's price of sale you know Unity's price of sale is even higher than Tesla Tesla's like 22 just to give into like perspective AMD's price of sale is like 9x Tesla won't grow much are you crazy man Tesla growing like think they're growing was that 50% next year or something you know whereas like yeah man look Unity says they're only gonna grow at 30 something percent next year Tesla's gonna grow more than that I'm guaranteeing you Tesla's gonna grow more than 30% next year no way bro wait there was there a typo in the number I mean yeah that's true we were just comparing one overvalue stock to another value stock before I probably buy after split honestly not too crazy about owning Google I don't know Google has never been a company that I like I sat there and I thought about like owning I don't know what do you guys think how do you guys feel you know actually actually no I know how you guys feel because we had this stock survey a while back right and and and a lot of you guys said like I don't even think one person mentioned Google on this look at this pretty sure oh actually I'm wrong I'm wrong one person mentioned Google to to get to Google here to Google three Google got three three man but even then that's not like that's not that crazy the most popular ticker that got mentioned was Apple I think Apple had 14 mentions right Tesla was probably like 12 mentions Google was only three or four mentions so I don't think like people are gonna be as excited for for Google as they would be for like Amazon Tesla or Apple let me see what what is Amazon terms of mention only one no way oh it was you I saw my alphabet 3k after earning pop I'll probably we purchased at some point same I agree hail Amazon isn't highly profitable that Google will probably run up a bit before the split oh yeah for sure the probability is very very high and and I said it before like I'm usually generally very bullish on stock splits I really like that when companies do stock splits because it brings a lot of interest and a lot of opportunity to own the stock but the thing that I didn't like about the Google stock split is that they chose to do it so far away in July like you know what February right and it's gonna do in July so I think because the time is gonna be so far away it's like this right it's like this imagine imagine you have an opportunity to go to a gourmet burger shop or you have an opportunity to go to Madonna right like there's like you know like that gourmet burger shop is gonna be way more popular for sure because there's only one of them right whereas Madonna there's like a bunch of them you know you know there you can go to Madonna anytime anywhere there's so much supply of that whereas that that gourmet burger place is limited supply so in this time frame wise if Google is doing this so far away there's so much time between now to July that people can acquire a share and still cash that split whereas if they had done the next month or like you know in 60 days two months away then everybody would try to squeeze in right people would try to like like like you know cram themselves for that trade but but when when when the staff are out it's you know it's not gonna be a higher amount of buyer coming in at once it's gonna be like way slower amount amount of like buyers coming in so I mean that's what I think I could be wrong who knows and then like and there's also like I know from my own perspective it's also really really hard for me to make a play for Google as well because like naturally if this was anything else right if this was any other stock and and they they announced they announced earning and they announced a split like a one to two months away then even if I if I don't have a lot of funds available I can still make a you know option spread position to play that right or I can even lot of a straight options position to play right but because it's so far away for me to set up a position for me to set up an options position to play it is extremely extremely hard because look I have no clue what's gonna happen so for me to like to sit here and go like oh you know let's see let's look at the trajectory of Google like I don't I don't even know how I would calculate that because let's say I was trading at like 2700s or something and and it hit 3000 after the split right let me see what's that split sheet so let's say like best case scenario we hit 3300 3500 right best case scenario we hit 3300 3500 I would have to go and look for a option like in July right July 15 3300 or 3500 like this way I'm extremely bullish I want to like take a hit at 3500 it's gonna cost me about $6000 for contract and and by the time it hits by the time we get to that 3500 dollar area if it hits there in July I might not even make money man I I mean not that I might not even make money I would barely be able to make more than a hundred percent it would have to hit there like wouldn't you know the next two months to really make money any further than that it really wouldn't really make that much money at all so that's why you know it's not that crazy personally I bought ETFs the hell Google for the run-up so I picked up things like you know like you can pick up XLC which is communication ETF or you can pick up you know VCL so this is the cloud disruption ETF so you can pick up either of those if you're like low on cash funds and you want to find a cheaper way to own the basket of like you know stocks oh we also got the survey that came out the young bullposter here so if you guys have a chance please help us out with this survey let us know how we can help you better for January 22 X-Trade Feedback double post you know so choose which analyst that helps you out the most whether it was like you know Remi or me or JTW or Guru or Moonshot you know Alexander, Timehawk, Swing Jam, Sprout, Wax, Skepp, Preston, Hydra or Kevin or Taylor pick you know pick the people that helps you out the most we really appreciate that and then same thing with the top trader you know BigT, Angelic, Youngbo, KJ, whatever, Karol, Iggy, Byron and so on you guys get the GIF what do you want to see on this platform you know let's get shirtless what tray what kind of tray made you the most money in January oh that's a good question options trays swings, lottoes, butterflies, straddles, strangles, cover calls, no calendars on here why don't we just say spreads in generals mid-cats long-term investment if you'd like to expand further on the kind of trays that made you the most money in January please include it here on the scale 1 to 5 how would you rate the quality of our alerts straight up fire this is probably really important really appreciate if you guys have a chance to talk about that here you know what do you think we need improvements on and where do we fall short and then this is the best part you guys all have a chance to get some free money I mean I'll put your username here and and you have a chance to win $50 what's up buzzer do you use strangles for earnings when to expect to move is this why it depends on if it depends on what I'm doing the DGEN account or whether I'm doing my own account personally I used to do strangles a lot like if I if I think there's an outsized move that's about to occur then I would strangle it you know I would go really far out on the strike right so for example if you're like if you're looking for I don't know let's say Facebook right say if you're using the bands and you're playing Facebook and you're looking for the outsize move right so outsize move would mean that it would have to break outside of the Bollinger bands right so the bands is over here at 298 already and and you know yesterday we were trading at where we're trading ASA oh yes they were trading around 320s right so it's already like the band was like 297 the top of the band was 3 360 360 6 so if you were going long you could open you oh well you could open the strangle on both sides right the bottom side would be 300s you know because that's the band that's where the band is on that side so if it breaks outside the band you would profit right and then the top part of that would be you know it would be plus $20 from that strike over here or plus the difference between you know 300 to that strike here so it was about $26 so then you would take 325 plus 26 so it'd be about 350 or something so then the outsize move would have been from here or here right so anything that's past this range you would have made money so like your Facebook case you would have made money if it gone like way crazier up to like 380s you would have made money so that's that's doing straight strangles on puts and calls that's one way to play it the other way where we're doing spreads it's very hard to like doing spreads you actually want to calculate the outsize move well so if you're not able to calculate it well and it makes a bigger move than expected then you'll actually those money hope that helps what is your opinion on the convert going on this credit moment about the EC in 40 minutes no doubt they'll be asked about the Rivian shares price when the earnings were done right like $40 lower now believe oh yeah we talked about this already the the share price is gonna be based on you know when the earnings was when the quarter closed in December right so obviously the share price at that time was $60 we know that Google I mean not Google Amazon got the Rivian shares around less than $50 pre IPO price so they're they have 100% realized gain they originally has they originally have about 20% stake in it and and I think now they only have like 18% stake which means they probably sold a little bit so it really depends on how the market perceived that I know sometime we have that issue with Square and PayPal where the quarter they close the you know at the quarter they would close Bitcoin at a certain price but then the real price of Bitcoin was at a whole different price and and so far only the price that the quarter closed that makes sense or it counted it I don't think it's gonna so so I don't think it's gonna swing it that much I think you can only pick about 5 yes dead wow congratulations man good job fortune favors the bow yeah check it out check out the the band strategy I was talking about there there are some quarters where like I I have turned like five to ten thousand dollars to sixty plus thousand just just doing that but you need a lot of you need a lot of fun to do it so like you have to trade with at least five to ten thousand dollars to be able to do it because you have to you have to pick like you have to pick the you have to get lucky enough to one of them will make a big move out of nowhere and then the other strategy I used to do with that was that like if let's say remember when Tesla was reporting earnings like instead of playing Tesla I would have play you know lucid on the same the same concept using the same concept applying it and I would play lucid because Tesla would be way too expensive to play so like for something like Facebook you know you could essentially play like Twitter or you could have essentially play Snapchat looking for that same move let's check out sketchers sketcher had a pretty good earnings well let's see oh damn oh this is going to be hella bullish for for sketchers that's it that's it bro it's over so sketches announced a record fourth quarter and annual sales stock split stock split fourth quarter highlight sales of 1.65 billion a year-over-year increase of 24.4% direct to consumer sales grew 30% international sales grew 30% earnings per share of 256 and they did a stock buyback so they said they're trying to target their goal of hitting 10 billion dollars in sales that's gonna be soon they're already pulling like six to seven yeah six point two nine so they think by 2026 they're gonna achieve 10 billion in sales that's a long time man four more years later I mean right now is at 6.28 times 1.25 times 1.25 so that's already two years and times 1.25 again that's three years so they that what that means is that they think they're gonna achieve it in four years instead of three years which means they're gonna have some stagnant years coming up so next quarter they said they're gonna make about 70 cents to 75 cents sales is 1.67 to 1.72 as opposed to 1.59 full year 22 is 2.7 to 2.9 that's supposed to three sales is 7 to 7.2 as opposed to 6.91 so so they know for the for the for 22 they think they're gonna make good money probably inflationary pressure as well that's it for sketches earnings looks like this one might play out for us what's up though boy how you doing very nice let's play Amazon I don't think so man I don't know I mean it will be nice but I you know obviously my account would appreciate it if um if it doesn't split because I am I am like I am ready for a split but I don't think they're gonna do it because if they're gonna do it they would probably already announced it because usually things like that they need shareholder approvals and whatever they do with the shareholder approval and stuff they would have put in the earnings report so wishful thinking brother wishful thinking man so it looks like sketches gonna pay let's see how that semiconductor company we were looking at earlier did why if Amazon announced a split you can still get in what would you be angry skywork got beat up so skyworks reported Q2 2022 revenue I mean Q1 2022 revenue delivers record revenue of 1.5 billion up 15% EPS 2.4 generated record Q1 operating cashflow 581 million guys to double digit year over year revenue and earning growth in 2022 in Q2 2022 a lot of business highlights a lot of partnerships it looks good year over year numbers yeah I'm not worried though because the the lotto that we have for sky skywork solutions is pretty far out in like it's pretty poor out to to like almost the end of the month so we still got a whole month for the stock to reverse and for the semiconductor sector to like you know do it do a whole like you know an 80 indeed Kip how you doing I think XOU and XOU we act differently regardless of what happened with Amazon we look at Skechers again so if Skechers can get over this $46 area 48 is probably in the works for them oh hey what's up all right sorry our twitch thing was and we don't have we don't have like streamlapse on twitch so when you when you donate bits it doesn't show up portfolio down like 4% how come do you remember or not I was actually pretty positive today didn't have to worry that much Amazon is still holding on pretty good let me see let's look at the chart oh wow what the hell yo we just rallied back to the same resistance that we've been hitting all day I don't like that man has so much downside reports they did QQQ as a head to the upside cost like thousand bananas that's smart move yeah so much like when you say so much downside you mean like you have a lot of puts in your portfolio today a small cap has been rough bro sorry to hear that and I think one of the reasons small cap has been rough is because a lot of the small caps just got absolutely like scam right a lot of the company in the Russell's now are like new IPOs and things like that and like and like I think maybe some specs in there as well and you know a lot of the specs has has not been that great so because of that you know they're like because of that you know the Russell is like it's just sack with like really really like it's like if it was a baseball team it would just be like all like it'd be like the team league man you know pretty much and you just be like all young players they're either gonna be really good or really bad how maybe like if there was a baseball team it would be like the Asian baseball team you know everybody's like maffro to injuries and things like that just not gonna perform well and not not even discriminating man just for real just the performance different and see you picked up a call did you pick it up at 15 dollar level oh it's 1466 today I hope that plays out it should play out it's major support level tons of puts on Apple and Microsoft I could understand the Apple put but why Microsoft hey for reals down 25% last week nothing went right I'll came back this week hey I'm glad we can help mmm that makes sense because I like the Apple short because Apple was getting pretty um it was getting pretty over but right to a level but Microsoft I feel like it's been pretty pretty iffy it's been pretty beat up so I don't I don't really expect them to make much of a move maybe they'll do the same move that CRM did so spy is really interesting here I think markets just close on ES as well because it's 5 p.m. they usually close but they're closing that are really really interesting area so if you look at my yellow MOB line here this was one the area we tested this morning a 750 prior to market open we dropped right 9 30 market open again we had that that cap bounce that we were talking about on podcast so you know we're looking for a slight that cap bounce a little bit so for us to exit some positions and then that happened right that bounce around 10 if the bounce have been around 10 to 11 we had that that can bounce a little bit there and then we just kind of you know dropped all day on this downtrend path so you know you almost kind of see it like that this downtrend pattern right so we were on the shorter time frame of the intraday time frame we're just going you know we're just going you know downtrend like this so if this keep going it would just be like that you know but if it breaks out from here we could see recovery we could potentially see recovery so that's on the shorter time frame we look like we were about to touch this 446 area that that oh wow what the hell do we touch that 4462 damn yeah I think I said that this morning too I said it this morning as well so you guys look in the podcast channel this was the area I was looking at 40 460s missed it by two points man thing so that was an area I was looking for us to touch and potentially whole so now that we're holding that area we might be able to chop a little bit more I'm not sure if we'll break out of it though I still expect us to chop but if we break out of it we we could potentially be minor minor like bullish a even a even a blind squirrel find find the nuts sometimes man yeah I just like shorting Microsoft to honestly oh the Microsoft play we have I mean we played it both sides so it was um it was it was you know bi-directional you think we'll break upwards or downward let's check out NQ NQ pattern isn't as as good oh wow wait wait wait NQ also hit a support hold up look at this so I don't even I don't even watch NQ a lot because is the NASDAQ 100 it's not something I really trade I don't trade the cues as much either so that's why I naturally don't watch it but I do go on and draw lines here and there and stuff so this just happened to be the line that we had a drop from in July 19 2021 okay July 19th so that's also the date that Google is gonna split you know I could make like I could make like a BS mathematical like video and right now you know July 19th right and then and like and this is another area zone where we kind of bounce on October 4th you know I think October was also another stock split area too by the way could be wrong could be just pure BS here but you know we were hitting that same area again today on February 3rd February 2022 and I mean we had it before also but we broke under it we it was like a hell no truth yeah it didn't really hold any truth last time we hit it we we had a minor bounce and then we just completely lost it back test it downward back test again fail and then you know attempt to back test here fail a little bit and then just boom just burst through it so now we're breaking through it we went over it we're back testing it now this is a bullish if you understand the technicals this is a bullish thing right back testing it so it's like it's like I'll tell you why I'll tell you why it's bullish if you were playing the video game right think of think of it like playing video game if you like this is like you starting a level one right you going over here is you finish level one this level is like level two right so once you get past that you're in level two the game automatically saves you at level two right you have like that three lives or whatever at level two so now now you know you're like going through level two is a new room whatever and you fail right now you starting back again at the beginning of level two right now you got two lives left you're attempting to run again you know but but if you don't complete that that level two you probably restart again now you only have one life left right you're gonna attempt again if you fail this time that's it that's it you going back to level one so that's kind of um it's kind of the the analogy of how the support and the back test like why back test is it's ideally a good thing hope that helps smelling like bullish well more like smelling like BS tomorrow the market gonna BS us all more like a big trap show until the 2018 crash chart oh show way man I don't want to fuck people like that man I think people suffer enough pain already do we need to fuck this over here I'm not trying to fuck you guys okay we're not trying to fuck I just want to give you guys expectation actually I'm go I'm gonna go with the least bearish chart the least least bearish version the least bearish version was in in January 2018 kind of like where we are now right market came down early February and market came down a little bit and then we had a nice rally back up in February and early February back tested the MOB line over here drop a little bit lower again everybody thought market was gonna die as it broke the previous support here right so then it rallied back again rally above it back testing the support rally again back test fail the back test broke under and then you know gay people no idea what was going on went above it again maybe making a higher high so now that is making a higher high everybody that's doing technical analysis is like oh higher high higher low must mean hell a bullish right so then came down and just trap anybody of those trading on the technical analysis side they would have gotten done so here because they would be like higher high higher low must be ultra bullish must be higher higher highs that didn't happen so came down trap people and just chop in this lower range for for a while so that happened in January it didn't it didn't end until like probably like May so that it's a lot of chop that was also a time where we also raise interest rate so I think I think we'll probably get something similar we're gonna get a lot of chop like this a lot of like a lot of games being played on us and there's gonna be a lot of weird technical things that they're gonna do to mess with us so I'm not saying technicals BS but just saying play accordingly knowing that that they're gonna play 3d chess with us then we go through Amazon snapchat we went through Amazon earnings we didn't necessarily go through the you know we didn't necessarily go through the technical levels and things like that on the technical level actually actually if you look at Amazon right I don't know if you guys can see this do you guys know what I'm looking at I'm sure you guys know this is very easy so on the technical level this is actually really it's really ideal pattern right one or two ways here either gonna be a bullish double bottom patterns or you know a break under right the break under what have actually required the rejection from like around here which we almost touched didn't really touch so but we also actually had a pretty interesting rejection here too yesterday it came to that same area rejection that we had on Facebook so it wasn't hard for a lot of people to see like that that huge collapse because if we had collapse they were there weren't gonna be any support I mean there's some minor support 2400 that people were thinking about but that wasn't gonna like if it was gonna pull a Facebook that wasn't gonna hold it was probably gonna go to any 100s or 2000s so that was an interesting move where we now we're at 3200 so that's the top of the that's the top of the double bottom pattern look did we just finish the double bottom pattern already the hell hmm that was where 3300 has been in a hard area though as well because you can see all the other times we hit that 3300 dollar area and an Amazon struggle too so look we're looking at 3300 area right right here right here right here right here right a little bit in this area so it's definitely a huge like definitely very interesting zone I wouldn't necessarily say 100% Amazon puts because it's so hard to play Amazon puts right you got to do with the both butterfly or calendar or like spreads one way or another but I mean it's a reasonable word there probably I think it's more anything if anything I would say like the the highest R&R play would probably be on like I'm doing an iron condor tomorrow looking for more premium burn but before you do any puts check the analyst rating tomorrow to see what Wall Street is thinking you know it'll tell you like what all the analysts are thinking whether the analysts are thinking you know lower price target to high price target so based on that you're going to be able to make a better decision on puts a cause or maybe no place on time the best play is no play what else so even look at snapchat is there anything to look at come in a little resistance and MOB line here also a little bit previous support here next level is over here around 43 these pretty easy range you can draw yourself like right here it's a little level over there and then you know the levels here so it could get a little rejection tomorrow if it doesn't open above 38 it's probably gonna come back down a little bit if it does open it could potentially run to 43 that could carry the whole sector and then and then you know maybe Bill Ackman will come out tomorrow and be like hey I'm buying some Facebook or maybe he'll come out and say I already bought Facebook so we'll see New Zealand benchmark fell I gotta say man this crazy if you think about it for a like mega cap stock like Facebook to drop 20% plus in a day feel like that's almost unheard of man like usually for something like that to happen it would need to be like a crazy lawsuit like like back in the day if something like this happened you know what you know what you would need man it would have to be like it would have to be like Zuckerberg had killed somebody you know or Zuckerberg like you know was involved in a class action molesting lawsuit or something like that you know it would have to be something so ridiculous for them to drop 20% man but we dropped 20% on a man on the net earnings it wasn't even that crazy I mean they said they were gonna lose like they said they were gonna make 10 billion dollar less money or something like that or a 10 million dollar less money from the ad revenue due to the Apple's iPhone change but they're gonna make that money back and it's not even like they're gonna make less money than last year they're still gonna make around the same money as last year so it's it's not the major hit hit but it was weird it was surprising but I think that's pretty much it for today we'll be back tomorrow we'll be back tomorrow to go over the rest of the earnings from RAGN CBOE RCL and Brookfield and CPI but thanks for stopping by hang out with us guys and have a good night hold on let me see this comment RCL's ER is tomorrow morning I was planning to buy puts but I thought the stock is manipulated ER has nothing to do with the prices over down that's true the stock is kind of manipulated oh actually actually believe it or not I think RCL should be up after hours oh it's not because did you know that RCL and Amazon are actually in the same sector believe it or not how crazy is that and and the reason behind that is because Amazon isn't actually they aren't actually consider a cloud company they are consider a like consumer discretionary type of company right so they aren't really consider a tech tech company depending on like major ETF wise so because they're considered as a consumer discretionary company because of Amazon store and Whole Foods and things like that so they actually put them in the same sector as Royal Caribbean because Cruises is a consumer discretionary consumers discretionary means like if you have excessive funds you know and and you want to go on vacation treat yourself enjoy yourself then then you would go on a cruise so same thing as like you know Amazon so they're assuming that hey you know if you have excessive funds you're you're doing well life is good you shop on Amazon you know as opposed to like Dollar Tree general dollar general but yeah that's it I hope that helps take care and have a good day guys