 what's up guys happy Mondays hope everybody's doing well today market family got a little bit green started to turn around a little bit so things are looking kind of good I'm not sure if we can continue in this direction but it's looking nice everybody likes over market is green right so you got some interesting earnings today CEO UP Kupa and then Mongo database health equity get lab and Sumo logic so kind of curious to see how those play out check out from this to see what the market bubble was looking like so the market map today the heat map today was very very green only a few things was in the red one of them was Pfizer some of the vaccine companies they're not got beat up pretty hard so people are kind of starting to disregard the whole COVID situation a little bit MRK not much movement there city bank had a nice bounce off 62 was starting to give up some of the games some of the financial stuff are starting to see some recovery PayPal over $200 again I mean nothing about visa over $200 PayPal seems like move mass the car Apple continues to grant back up to percent remove a lot of things are pretty bullish today Amazon except for Nike I mean except for Nike and Tesla those two were pretty red I would say overall majority of the market was pretty bullish with the exception of some of the COVID related plays the plays that would have benefit a little bit more from COVID Etsy has actually been beat up a lot hmm I feel like that's an either direction kind of interesting to see it going down so hard I see some opportunity here eventually and then some of the reopening trades are very really bullish starting to move up very strong Norwegian Las Vegas it's media looking that calm like Donald's Chipotle oh Chipotle is looking interesting there a lot of hotels starting to move up I think some of those these moves of fake moves as well I will not be too crazy about some of these these move going up because I don't think we're necessary at the end of this whole COVID situation and and like kind of like last year in March like how they downplayed it this whole whole scene a lot I feel like this could be another version of that way to downplay things a lot but one thing is good though Facebook is up I do like that that's probably one of the few trades like they get into just because of the metaverse situation and it's pretty good so that's seen some recovery there let's see so Koopa so COUP earnings per share is 31 cents up from 18 cents year over year they actually beat guidance too because I remember looking at the last quarter's guidance and they were guiding around three four three to like three to five cents or something and they were doing 41 cents that's actually a pretty good beat and they said they're doing better than last year year over here sales is 185 the 178 estimate and 39% increase compared to last year so they're actually having a nice turn around this quarter next quarter supposed to be pretty good as well three to five cents EPS and negative six cents as opposed to negative six cents estimates that's pretty bullish sales is guiding above the estimate 185 to 186 as opposed to 184 so that's a pretty good beat there coming down a little bit now after after good earnings kind of weird that's a look into this what are they saying this record revenue growth 186 million 40% year over year quarter calculated building of 193 38% year over year money flows about the same business outlook was pretty bullish what's up RB what's going on for year 22 total revenue is going to be around 717 to 718 name best LED workplace in 2021 what is best LED workplace best lead best leadership that's hypo a lot of big things a lot of big things so 40% increase compared to last year let's look at the stock compared to a year ago last year company was trading on $300 on a two-year basis company was trading at 173 I don't know starting to look extremely on the value at this point I mean the data is doing better than last year revenues doing much better than last year it's even you know it's continuing to grow there they're flat in the positive sign EPS and they're at this 2020 levels if it doesn't bounce here I don't know gonna bounce to pretty good numbers but I think I feel like the whole sector has been punished pretty hard so there's something I probably keep an eye on looking for the opportunity to move on to the other one one of my other favorite stocks Mongol database see how they do it yeah we'll take a look at the market outlook a little bit and discuss a little bit further into that as well up $60 after our man Jesus your Mongol database is so crazy every quarter they did this with lines in the moon man God how are they so naughty every time dude how do they not so much where do they get this this not from that's crazy let's me look into this so EPS is negative 11 cents as was a negative 38 cents that's actually a pretty good beat even those on the negative side sales is 226 million as opposed to 205 million this is this is a 64.55 to 2% increase compared to losses of negative 31 cents less quarter the same period last year and this is a 50% increase compared to sales of 100 million compared to the same period last year as well what's the guidance like guidance is 24 cents as was a 34 cents sales is 239 to 242 as opposed to 227 so the guidance is strong better than then analyst estimate sales are stronger than analyst estimate full year guidance is better than analyst estimate you know things are looking good on the up and upside let's see how they were trading compared to last year that shirt company was trading around $289 right now it's almost 500 so the stock price is about to see a hundred percent appreciation so this point turns together all value here two-year basis company was trading around 180s and it almost as high as 600 so almost like 3x man geez pretty wow yeah database yeah I'm surprised honestly I'm surprised they didn't get the same treatment because if I was a gambling man I would have bet on the downside would have better for a move to like 250 to 2006 all area I mean thank God I didn't make that bet because this was one of my favorite companies and and like it's it's been very very strong ever since I started investing in it I don't have positions anymore though but I just I would just would hate to short one of these companies but but like the whole cloud sector has been getting beat up pretty hard you know everything from like things Splunk, Twillow, CRM, Dacu all these like cloud related companies are just like getting trash on right okay TA like all these companies they're just getting wrecked like absolutely wrecked during the last two weeks but Monco database is a whole not a beast I'm pretty sure majority of the holdings is probably is probably like hedge funds or something prior why they're so strong they probably have some big people holding them holding on to these positions let me see let's take a look at that let me see if I'm talking out of my butt see where's the institution yeah institutional ownership is at 90% bro so that's a big difference sometimes so when institutional ownership is very very high it's very hard to fight institutions it's very hard to fight stocks institutions own so when institutional ownership is like 90% that's not much shares available so somebody tries to short it they're gonna get squeezed like squeeze really really hard you know the team's actually been selling stock too it's kind of funny like I'm glad I wasn't talking out of my ass on that one they would have been funny like imagine I looked at it and it's like five percent institutional ownership yeah so these other guys have institutional ownership as well but they're on 80% MTV was one of the highest ones that had about 90% very strong though I think that's kind of all the earnings for today we had wow man it's about to where's the next level where's this going um yeah I got you man give me one second I got a response to this text Koopa was great Koopa was a great earning all around top and bottom good guidance so all right let me see mongol database on the upside can see some resistance around 505 so that's that's a that's a possible area resistance right there 505 506 that's resistance 524 and then 559 but I think I think this is probably where it's gonna struggle this 506 area right here at the point of control so that's a good area to recover to are gonna struggle a little bit over there it might even carry the market man holy smoke it might not only carry the market but it might carry the whole sector let's see the okta move up it will probably carry the whole sector from okta it'll probably start finding the reversal in Splunk any was anybody fortunate enough to catch this $90 drop on Splunk? Guru probably did yo but we might we might start to see reversal in Splunk hell you might even see the reversal in in in docu or crm I think that based on how how bullish mongol database moved I might be bullish across the whole cloud sector at this point man see a lot about a lot of buying opportunity here a lot of stock that got beat up extremely hard and and on like a on a good day and a good bullish month do this this would be like buy the debt this would be like hand over fist take my money you know just like just like apes coming up me like take my money take my money let's check out GitLab let's see if it does get rejected at 506 though I would love to see if that happens like douche that would just show how strong the point of control is yeah I like CRM I think CRM is gonna be a good reversal they had a good earnings you know things are things are in life for CRM and they were holding support very very very very well it's a good company man CRM used to be like one of the most popular companies in 2018 to trade stocks on like what is everybody's training like a video now and Tesla but do back in the day everybody was like CRM CRM the liquidity was so good man she's got to bring that back got to bring that that that the hype back everybody started trading CRM I feel like people still do probably because the contract still move really really well liquidity is good there GitLab earnings for shares 34 cents as opposed to 48 cents sales of 66.8 mil as opposed to 59.24 the company reported 66.8 million which beat estimate by 12.676 percent so it looks like this is a good earning beat top and bottom guidance for next quarter it's pretty in line pretty bullish as well they're looking at guidance of 25 negative 25 to negative 26 percent loss earnings for shares as opposed to negative 27 percent loss I mean 27 cent loss sales is guided above as well full-year sales is also bullish so stock came down a little bit I don't think a lot of people are trading this company though the dev OS platform how do they even make money so revenue is up 58% year-over-year they said they make money from donations this is like GitHub is this GitHub am I getting confused our competitor after these companies don't even make money I thought these companies are just like reddit but hell even reddit does a lot of marketing now so they might even be collecting money oh Microsoft bought get up in 2018 yeah and everyone understand how these companies make money they have about 50% growth year-over-year compared to last year the stock just IPO recently so there's no real data it's compared to about last year as with most IPOs it's been it's gone up and now it's coming back down it's hard to value this company because there aren't that many similar companies in this space but so far as of right now they aren't really making money as a whole because they're they're still like negative EPS so market and balance today was 371 million to the south side overall well at the end of the close it was 700 mil which means is not as high as we we thought it was gonna be or as high it was the previous days which is kind of good because December 2nd it was 3.8 you know Friday it was 562 so things are getting better and better in terms of on the south side there's also been a lot of reports that the Almarcon is is weaker than expected the effects side effects are very mild and why not however I think that at the same time they're also like trying not to like spread fear so I'm not like not I'm not like you know taking it at their the full value that they're talking about just just gonna assume for the worst case scenario because because if we're looking at data you know if we're looking at that data instead of what they're telling us data is telling us that you know that Almarcon is what would you know naturally be a stronger competitor of bees but I mean I mean if you guys watch enough UFC fights you know that like stats doesn't always make the you know make people win so it's it's it's it's a luck which means it could be you know other factors random factors and things that come together you know that could like make a break the situation right but but I do think it is like it could potentially get out of control they're saying is more infectious and it has the ability to dodge around you know dodge around antibodies better then that sounds like it would be a stronger stronger competitor compared to the Delta variant but we'll see time will tell I won't tell we're either at the beginning of we're either on the full path to recovery or we're fully gonna get sidetracked and wrecked but here's the market outlook for this week but it posted this morning so posted this early this morning so market outlook spy ES as we mentioned last week at market had a good exhale exhale after a hot run and we're getting to a very over so level on on S&P 500 as you can see very very over so extreme bottom so I think it's time to look for value opportunities that was this morning if you guys look there were some value opportunities you know what it was like PayPal whether it was like Citibank or or Facebook you know whatever your favorite stock is so look for some value opportunities there or even CRM so some stuff were very nice very cheap on the value even even zoom actually that's kind of a weird one because we took a position in zoom as well this morning and and I'll explain a little bit more why I took the position of zoom but even that had a nice bounce so so I think that was good value opportunity looking for 449.5 or 4485 on ES to hold as a support line looking for us hold that area not break under tech sector has also been coming down I said that you know we can see a small bounce here with overall market which is spy when we're dropping the tech sector which is QQQ kind of kind of like led the way in terms of the drop so I'm kind of expecting it to carry us on the way up as well but I'm also expecting it to follow spy too so spy starts bouncing I think the tech sector is going to bounce a spy however the lowest area I would love to see the ideal area I would love to see the QQQ to go would be 375 that's where I would start buying more opportunities on tech stocks just tech stocks been really hot this year and XOF probably one of the safer sectors to buy the dip in because XOF doesn't move a lot whether it's up or down so if we were wrong about buying the dip you know it's not going to punish us as hard if we're right about buying the dip we won't get rewarded as hard but at least we get some reward you know have some skin in the game than being on the sidelines the dollar index is the only thing that's been troubling me because we used to use it as a leading indicator but for some reason it doesn't want to lead it it doesn't want to be a leading indicator anymore is doing a lot of like what do you call it it's giving a lot of conflicting theories so the dollar index started coming back down which would have signal I mean maybe it's still leading maybe it's giving us like a day or two head notice because when it was coming down you know it would what that would means that if the dollar is down it's good for the market it will signal the bullishness coming into the market so we did get bullishness coming into the market today but but it's starting to go back up again so what does that mean if we start going up again it could be bad for market so that means this could just be another dead cat bounce here where we like kind of like over here like over here in September to October so if you see we drop pretty hard we slow down a little bit and then we drop even harder right as we hit the bottom that range and we have a dead cat bounce to the trend line resistance here and then we came back down again for harder bounce we tested the trend line broke down one more time before completely just like hmm just like burst right over so maybe we'll see something like that again that would be ideal that'd be a good good move for a lot of opportunities getting in and out that would be a good way for longer short and short and long positions to to play out correctly but that's that's that's the dream who knows I mean I think I think as long as we're not all like we're not going to like suffer hundreds we're all happy so that's kind of the market outlook for today what else do we have to cover oh yeah let's go the zoom call that we play so zoom I'm starting to come to the really close to the bottom of the trend line 167 if it does that there are probably average one more position the trend lines been very strong but today I saw that we had a nice move so that we had a nice nice recovery or docu docu is hard man they're they're like an interesting company they ran up a lot you know last year and and they like they haven't really you know justified the gains as well as some of these other companies like like somebody could say the same about zoom like oh somebody could say oh you know what zoom ran a lot last year but how could you justify the gains right and and in a way zoom has actually been able to justify the gains they've been getting a lot of new customers they've been making a butt little money and stuff like that I mean I still hate the company as whole I would never invest a company long term because I don't like the CEO I think he's his interview skills are horrible and just sounds like a bozo man but despite that I like the technicality I like the reason and behind it it's a stay-at-home stock the market is bouncing the tech sector is bouncing ZM is part of the sec tech sector so zoom is part of the tech sector we're getting close to the bottom of the trend line so which means we're either gonna bounce now we're gonna bounce in some part another very soon so which is why I got a spread that was a month out to give us simply enough time you know from right now it's like that's six going all the way to January 7th that's our expiration for it to go to 240 area so it's not that hard think about it a month for for zoom to go back to this range the possibility is within bound you know even if we're at this range here like May 6th so look at this May 6th May 6th right it started going down and then it started to bounce so we're looking for a move back to this purple line right here so May 12th I hit here and then in May 21 it hit here so if this plays out like it did over here at this time if it plays out like they did here takes about you know 15 days we would hit this we would hit this valley here at 255 area by mid December I mean you know that would kind of go in line with like the Santa Rally that everybody's talking about if we do get one be sure zoom would go right and and then what else and then you know if the the variant you know happens to be as serious as as as I predict then then that could easily easily like put us there too you know because big money will come back into the stock again and the stock which is randomly spiked to that range I don't know it so look at it look at the and the profit just makes sense it's so far away nobody is pricing that move right now nobody is really pricing that move because it's just so far away at 240 so even if we made that move tomorrow you know we would be making 500% to a thousand percent it's an easy move because nobody is pricing and nobody think it could happen and I think the chance of profit is probably extremely low in terms of options chain contract but in my opinion thinking about it from like fundamental perspective and like just a technical analysis perspective I think I think our chances are somewhere around like close to 50% so I would and I would say that's a good odds if it's close to 50% man for us to go from zero to 500% like you know hella good odds what's up cup of magic I feel you man I don't like the zoom as a stock as well I think there's so many competitors out there but they're just like mainstream very popular right now they could either be like they could be like the apple you know they could be like the apple of tomorrow you know when Apple first got into the phone market and got very popular or they could be like the Skype the Skype where you know Skype used to be very popular it was like one of the best video apps out there like I remember when everybody was on Skype we used to do interviews and all type of stuff on Skype you know I mean the date all types of stuff anything man but nobody use Skype anymore like it's like like well what the hell there was literally a system designed just for a video meeting and that was Skype it was integrated into a Microsoft right but for some reason it just so happens that it just so happens when COVID happened nobody knew Skype it just fell out of light you know because Microsoft didn't know how to do marketing these these guys didn't seize the opportunity and they didn't advertise it they didn't make it easy they didn't have a business development team you know to go to schools and start selling the package of Skype neither did Google neither did the Google you know and they just got wrecked they just got wrecked so you know and and these are both huge companies like between Google with the Google Hangout Google meet because Google has a Zoom package version too and Google literally already has that that that foundation for schools too so Google could easily man bend the top they could have been the next zoom they could have been like they could have ate all zooms market share you know if they just had a sales team business development team to like make contracts all the schools help them out teach them the way you know the right amount customer support man forget about it but they slack they slept and once you sleep man once you sleep on somebody they're gonna get your food that's it over speaking of which we got Monday we got some Monday motivations for for those of you that's been in our there's been following an account challenge or earnings challenge know this the harder you work the luckier you get that's a Monday inspiration yeah slack was very popular and good did you want to check out Amazon for you couple magic so Amazon on the daily chart was very over so it was looking like do-do ideally would have loved to see it come back to the to the 3300 magnet we didn't really touch it as I expected it on the half day chart on the half day chart we're seeing reversal we're see we saw this morning we saw the doji we saw the confirmation to the upside we saw the money flow come in it was just bullish across the board this morning you know all those those situations and then you know with the market outlook I was expecting for market to bounce or starting to bounce so things are just kind of playing out we do have a possible head and shoulder setup as well you can either argue that his shoulder is here you can argue that shoulder might be setting up here so nonetheless I think we could have some struggle of resistance around this 3500 area 35 22 this whole 35 to 3550 area I think we're gonna see some struggle we have struggled here before there we struggle here before here right and and we found some support there even though we broke down late on so I think we could possibly see some struggle around that 35 area so that what that means that this week could be a butterfly in that 3500 magnet range if we do get there hold there around there I'm not sure how much money there is or value as far maybe even a calendar to that range let me see in calendar is expensive too much for for a challenge account I mean it's about 2500 if it does move to that 3500 area that was talking about easily make $500 tomorrow in 2000 you make the most money if it continues to stay in that range that point of range on Friday so it's a gamble it's a reasonable gamble but that could happen so that's just on the cost spreads so I mean butterfly you can do the butterfly too but you know I like cost spreads a little bit more because cost spreads you you burn premium along the way and it's a little bit more accurate that even you know even if you work in that direction works pretty well butterfly is more like butterflies like a dart bro you know so you saw that you saw the profit range and level between the cost spread and the butterflies obviously butterflies a lot cheaper a little bit more complicated setup for some people but it's like it's like it's like when you're at the bar and you're playing the dart and you're drunk bro like you know like this to this yeah like some of you guys I mean I mean even if you're not even if you don't think you're drunk when when you're playing the butterfly in the market at this moment right now it's like playing like you're drunk because there's so much there's so much factors going on there's so much different things going on that for you to hit this bullseye is a little bit hard is much much much harder than anticipated you know just because like just because they could they could release anything they could change the narrative and and and and things would just go against our direction so for for but that's why I think for butterfly is like a dart because you have to get that target area by that date and like it's tricky and and also the other thing about butterfly that I don't like is the fact that it's very very very hard to close the position because the premiums are all over the place especially something on Amazon is very very hard to close the position at the price point that is ideally at so this has happened to me a few times where there was spy where there was Amazon you know I knew what price it should be at but I always have to low ball that's so hard just to close it just because because there's so many contracts involved there's four contracts involved so the more contracts involve the more complicated it's like it's like this right it's like if you were to have a threesome and and you were in bed with two girls you instead of you like mainly focus on one girl mainly taking care of like pleasure in one girl you have to make sure both of them are pleasure and and you have to like at the same time make sure they're both like not jealous you're pleasuring them you paying the same amount of attention and and and you giving them both orgasm but if you're not doing that if you're not like taking care of it properly it's it's not gonna work out it's gonna blow up in your face so kind of like butterflies man if you're not like if you can't close the position at the target that it should be at and and you don't manage to close it in time it's gonna blow up in your face but just like a threesome it sounds great dude it sounds great man it's like it's like every man's fantasy right every man's fantasy until it happens and then like and then it blows up in your face the next week see do you get what I'm saying here that's butterflies that's why sometimes I rather just do calendars because because I'm only dealing with two contracts I just got to get two contracts fail you know it's just just me and other girl are being it goes like three sums about if I want to feel like I'm disappointing two people at once I'll go to dinner with my parents you guys butterflies are fun exactly that's what they say about threesome too they say threesome's are fun man it's a lot of things looks good on paper that's not as good as the seams that's just how life is how is to get to it looking if not cover it's good question take a look at Twitter before we end the stream cool Twitter I think we looked a little bit on Friday somebody took a long on Twitter did they not raise your hands if you took the long on Twitter I remember somebody asked about it last week I don't know if I was nasty Nate or someone else but someone asked and they were very bullish on Twitter and they asked if we were finding the bottom on Twitter I don't know if it was like over here over here but I thought it was good area to start position especially Facebook we versus as well it's actually looking very very very nice on the daily chart so this is this is this would actually go perfectly with the double seven swing system and so our swing this is our swing indicator here this is the ideal setup here we got this like you know then candle this indecision so you want to look for indecision like this green handle right here and and I mean it's not always gonna go with the direction you want but it's a signal of reversal this is what you call the ideal reversal setup so kind of like over here you've got that then even though that candle is a red candle right at least you got that then candle which shows that it's indecisive it's like it's like it's playing tug of war it's right think of the then candle as playing tug of war to two to two people pulling at both sides you know two teams on both sides buyers versus sellers both pulling the rope and and it's going nowhere right if pulling the rope and it's going nowhere so that's where it is right now and and when that happens you know eventually one of the one side is gonna win so one of the side is gonna win and it doesn't necessarily always means gonna go to the upside but if this whole time the other side was winning if this whole time the bearish side was winning right if we're playing tug of war and this is just the candle being pulled in the middle right here that means the whole time the bears were winning right the bears are pulling the rope they were winning they were they were about to win they were killing it and then the bull finally took control they pulled it back they drove the rope back to the middle you know so so they're getting the they're getting that momentum back and you know what happens when the underdog comes back like that most of the times the underdog wins man when they can come back from the feet like this they usually end up winning so ideal ideal setup is this we're here where we just came back up to that resistance right here so we got first level resistance around 49 next level is around 52 so I like the setup here I think I think it could set up for a nice move to the upside obviously if market doesn't continue crashing right this would be the ideal move this would be the direction and move that you would get and you play for I mean let's look at the the intraday chart you got the money flow coming in boom boom two green candles two arrows up so the money flows are coming in MMS get it in here they like it let's check the flow check the flow where's my flow checker man oh my bad flow checker is right here so flow checker actually said there was a lot of puts but these are puts being so at the $40 mark there was some puts being being bought at the ass at the $30 mark there are some at the 38 and then there was also a bunch of puts that is being so at the $62 level very high levels man so these these like these higher levels I don't think people are necessary selling the puts at that high I think these are people closing their put positions which means they think it's gonna bounce their closing positions they don't want to be caught on the reversal to the upside we did have a $40 sweep this morning from March 18 you know we did have some short-term puts here might be a small hitch position some of the other plays and then we saw a bunch of puts being so at $40 levels which mean they don't think it's gonna break on the 40 so we count all the all the position that play out for today which is this one two three four five six seven seven one two three four five six seven eight nine ten so seven out of ten of today's option flow was bullish on Twitter I will say that's 70% bullish man with with 10% neutral and 2% barrier so it looks like it's going in our direction boys hope that works out I like that so I'm gonna post this in I'm gonna post this in our if you're an X trace looks like a bullish reversal on the daily chart you can see 49 and 53 next that's a good move they're out of the setup for the weeklies that you like well actually let me let me let me stop you there for a second I hope you mean for this week I don't really play weeklies a lot it's not something I play a lot anymore and do a lot of swings so for me if I was bullish on Twitter this is probably something I would do I think my price target is at 53s I probably you know sell 53s and buy 53s or 52.5 depending on what the what the bed and ass is that over there yeah so probably do 52.5 it will cost $188 but if it moves in our direction I could make 100% tomorrow and then if move further in my direction I can finish up at 300% profit that's a little bit further out actually talking about this one this is where the big profit is sell sell the front month by the back month to make up to a thousand percent oh easy money might even set up this place hell of cheap man so that's like at least two weeks swing on there because we've got the one the longest timeframes on it but as far as some of the setups for this week I like I like CRM we talked about a little bit earlier holding that support really well right here so ideally would love to move up a little bit to 270s at least so we had a good bounce today on the half day chart as you can see getting green I'm looking for that move up and another rejection to happen but whether the rejection happens or not I'm gonna be exiting the area another one I was looking at was Roku you know Roku when it moves and moves strong right so it's starting to find some support around that $199 area $200 psychological levels support so a very good move to the upside I like it can even see 236 if market goes big big bullish but who knows PLTR let's see PLTR are starting to find some support as well I like this company for some buying opportunity coming to the second level of support around 16th 18th here those income group is another long-term hole for me starting to reverse it upside as well and MRK is just a fundamental play has not made that reversal move yet but starting to find some support so 71 to the $73 area is an area I like probably looked at position tomorrow ideally we want to wait for the dividend date to play out but I'm gonna start a two month position here but yeah those are the some of the positions that helps it's worth it's almost five and the stream here we'll be back here tomorrow to go over some of the other earnings and talk about some of the other stuff going on for this week so I hope you guys have a good week I hope things continues to stay green for you guys and you guys make money man as always thanks for hanging out and have a good night guys take care