Strong start to Moonday! — Jackie Le' Tits — Video Wiki
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Full transcript (9,514 words) — every glorious word
0:14All right, little traders chart the course. The markets wild with greed and force. Tides of fear be crashing loud, but steady minds won't join that crowd. We sail with reason and risk and flow. No FOMO [singing] shall make us go. When coffeey's hot and lips are wide, that's when we trade the turning tide. [singing] So hoist the charts, my TG crew. The storm is fierce, but we BREAK THROUGH. BY JACKIE'S CREEP. Sharp and brave. [music and singing] We trade the tide and ride the wave. Hey, candles rise and [music] candles fall. We follow Jackie through it all. [music] He reads the tide, the ADX flow. Hold steady mates when the calls low. [music] The kettles brew in fans grow tight. The breakout glows in morning light. With steady hearts and minds [music] so true, we trade the charts. Jackie's crew. Evil [music] trim your sails on coffee bruise. When patience prevails for greed [music] a gale that wrecks the best while risk manage [music] hearts can rest. We see the TENT RAISE THAT FLAG. THE CRACK [music] TOWN MOVES. No time to lack. Rick [music] and morty lips grow wide. Mamm swells with the rising [music] tide. ADX above 40 lo cries. Lock those [music] stops. The trends on rise. The bears may roar but faith holds true. [music] We trade with blow jack. Behold [music] trim your sails. A coffee ru patience prevails for a g that wrecks the best while risk manage [music] hearts can rest. Let's [ __ ] go. CG roars through cracked out moves and bullish. [music] That's [music] a doe calls the watchman high low volume day just [singing and music] passing by. We sip our brew. We rest the [singing] hands. Wait for signs and tighter bands. [music] The tide will turn as all things do and we'll be there. TIES THE DAWN BREAKS NEW. OUR GAMES [music] LIKE GOLD in morning. LET'S GO. Day the mass bells [music] cry. The market bends but never we die. When fear returns we'll see it [music] through. Forever B forever through each Heat. [music] >> [music] >> Suka, comrades. Oh, you thought you had seen the last of the Oh well. Suka, comrades, you guessed wrong. I am back for another discussion of the GME. Oh, yes. On today's show, we will [music] talk about why technical analysis matters and
4:36why [music] human underestimates the kids. Did you know that Yakov and Jackie [music] called this move? Oh, but did not wait for 17 fif. Oh no. I guess all we had to do is wait for Jackovic that's completed and then wait for [music] the divergence and Jack [music] nothing see nothing finain patience will wear stones [music] away what will come will come someday you can bend it out the tree if you bend it slowly >> [music] >> Fools are not and they appear while we sleep without [music] a cat. The rats feel free. This is just something you can see. But the never going to change his spots. It's time for co going to take a [music] shot. And these shots, can they win again? When lobsters whistle along mountain, [music] nothing gain always. [music] What will come day? I am so jacked to the tits about the GameStop warrant making the oo the five touches of the bullish divergence. They give us the boooo and some talks about the [music] break of the center line. Even puts the giant [ __ ] yellow face [music] that says repeat it. Does anybody listen? Well, listen. That's a new high since the entry. And [music] now's the money go up. It's a bank account grow. People make some money and they happy. [music] Hey, look. Look at them. [music] Look at them. Where is the hype? Where is the excitement [music] in such a box? We waited for these touches of divergence. [music] We waited for the pivot. Where is your hype? Are you not entertained? NOTHING [music] SAYS MINE. Nothing can come always [music] explos away. [music] What will come will come someday? You can bend it out that tree if you race. [screaming] YEAH. [screaming] [music] Come on. Heat. [music] Heat. [music] >> [music] >> [ __ ] the short sellers and all their fancy cars up in their towers [music] sniffing mayo jars. Ken Griven is a freaking [music] Citadel cruing when he's like [ __ ] It's true in the chat room ready to attack. Now everybody SHOUT [music] to sellers [music] to sellers [screaming] [music] to [music] >> [music] >> That's a millennium capital [music] and their fresh press suits short and Wendy's [music] burgers sucking on each other's skin fluts. We're buying every tip, drinking beer like real men do.
9:53While [music] gay circle truck each other and swallow the goo. [music] Where's the real economy? Where's the honest trade? Why do all these [music] make my portfolio f [music] to all [music] TO [music] >> [music] >> YEAH. [music] Let's get ready to rumble. Yo yo yo, screen's green. Let's get it lit. Get it lit. It's your boy Jackie tips. Swipe up. Ging quick. Always jet to the tits [music] on fire. Levels getting hit on splint. Pull up [music] miss jack. We >> always TO THE TITS. >> YEAH, [screaming] LET'S TRADE BABY. GO. on this. >> Yo, >> Unity big hourly RSI wedge at support. Macro has the extended VTOP and the RSI on the daily is pressing center. So, this is going to be a big week for the short side of this trade. IMO probably more likely to bounce than it is to dump. Jackie wrote that last night for everybody. 9:05 p.m. Eight people eight people responded to it, right? And then if we just take a look over here at Unity really quick. D. But wait, why are we even talking about this? Why? Exactly, chat. Exactly. Yeah. Yeah. There's other trades out there like Bitcoin. More like Bipitcoin. Am I right? Shout out to Money Tings. Money things. Doing money things. Doing money things. Yeah. But we have we have we have big fish. Big big fish. Big Hello everyone. My name's Jackie. Uh I have the IQ of a potato and the English literature of a sixth grader. Uh just wanted to extend my deepest and sincerest apologies as my back muscles are now causing me to uh speak in different languages and in uh just complete nons. Listen, half of the time I'm just speaking in gibberish. My sister uh called me the other day and told me that she watches the stream and she says, "I don't have a [ __ ] clue what you're talking about, but man, are you ever hyped." So, it's got me hype. And I was like, "Oh, well that's really good. that means I'm doing my job then. She's like, "Yeah, I think you are." And I was like, "Oh, that's that's good. I can't I can't wait to collect on a couple of $2 super chats this week. It's going to be amazing. I I can't wait." But right now, right
13:50here, right now, we've got GameStop stretching its legs. Now, you know, you know, obviously, obviously, you know, we were a lot more hyped last night when, if you were watching the 24-hour market. Oh my god, I thought we saw Jesus for a second when we saw GameStop rip all the way to 2350. When we saw that, holy cow, the whole Discord started going crazy and everybody was going crazy. Even I hate [ __ ] even I was going crazy cuz I mean, it's really [ __ ] Sorry, I got to stand up. My shit's [ __ ] good. [ __ ] So, [clears throat] that was cool. But you know what's cooler than being cold? Ice cold. All right. All right. All right. All right. All right. Now, fellas. Yeah. Now we going to pump this thing for nothing. Oh, sorry. Okay. So, listen. We're trying to have fun. It's It's Monday morning. My back is cooked. GME is up a little bit. Spy is up a lot more than a little bit. Uh listen, there's a lot of excitement in the air and there's a lot of really cool things happening right now. So, I'm just uh I'm just trying to shake out the the early week cobwebs. You know, maybe maybe uh what I should do is just say good morning to all of you before we even fire it in there because, you know, maybe uh maybe that would help us. But folks, before uh before I say good morning, I need you all to type 20 uh 2295 into the chat box, I [snorts] need you all to type in 2295 in the chat box so I can see all of your usernames so that I can say good morning to all of you. [snorts] So, we have Vincy Elliot Cabs. If I miss your name, by the way, guys, it's just cuz I'm I'm just firing whatever names I see in there right away. So, don't get mad at me. Uh 50. Can't wait to quit my 9 to5. Maxo, due diligence, Nzart, Tyler, UPS guy, Alex, Bacon, Greg, Daddyo, Mazangu, This is a fine day, Leno, Bagel, Clapped Out, Ben, Riser, Bad Robot, Theo, Todd, Afro Keys, GME, The Guessing Game, NFG Sciences, Calvin, Todd, Bill, Galicious, SD Ber, Joshua, Hops, Lamborghini High, Flint, Creek Soda just booing around.
16:29Uh 123 Patel, Ruru Remen, Lil Buddha, Cubix, Joshua, Joshinator, Whiz King, Volkswagen, Leo, Dave, Felise, Making Candles. What's up, everybody? What's up you guys? What's up? What's up? What's up? Okay, I'm going to try sitting down again. Okay, that's not good, but it's fine. We're going to be fine. It's fine. It's fine. Everything's fine. Stop worrying about me. It's I know. I know that was a trick question. I know you're not worried about me. It's cuz you hate me. So, it's I I know. It's fine. I get it. Why is this [ __ ] thing in the [ __ ] way? [ __ ] Get out of here. Here we go. All right. So, yeah, last night GameStop had a pretty cool pump, but obviously it's scam hours and you guys know the rules. Here's the thing. All right, with GameStop right now, here's here's kind of what we got going on, right? We've got a market that has made a a a reasonable recovery uh since that initial sell-off day um following the interest rate hikes. We've [snorts] made a reasonable recovery up towards the macro golden pocket. If we take a look over at IWM, IWM has also made uh a reasonable recovery so far off of these lows. And it's also in a daily RSI wedge. I have a long here on IWM. Okay, full disclosure, I have 280 strike calls expiring for January. I am looking for this over the next two to four weeks to have a really sizable breakout. [ __ ] my [ __ ] legs. [ __ ] So, if we can get a sizable or meaningful breakout from IWM off of these lows, I think this could be uh what's what's the word I'm looking for? This could be, you know, uh the the the the green fire scene from uh from Game of Thrones. You guys remember that? and uh buddy lights the [ __ ] thing and then right [snorts] th that's what this could be. And we've already begun seeing inklings of this because of Bitcoin. Look at what Bitcoin and crypto has done here. Look at this. Like Vara 56% a AIO 30%. Like holy [ __ ] you know, Bitcoin 4% or 5% excuse me, link 3.3, IMX7, you know, this is crazy like this. This is showing that there is
19:19money now beginning to move, right? That's what this Bitcoin move is. And we kind of spoke about it last week. Now, we we did have the idea that it would come back and back test the golden cross, maybe even as low as 646. Obviously, that hasn't happened yet, and it has defeated the first lower high within this trending move. Now, the reason that I'm talking about all of this before GameStop, right, is because we're monitoring these situations very closely between IWM and Bitcoin. If money continues to flow in to these quote riskier assets, what it tells you is that, sorry, I'm just bending down here. What it tells you is that there is, how do I say this? There is money out there that is looking for riskier trades in a in a sense of the word. Okay? They're looking for riskier trades, but they are looking for something that has a level of safety to it. Okay? So with Bitcoin for example, many people feel a level of safety with Bitcoin because they feel that this level right here, this range that Bitcoin has tested at 64K, they feel like this is a pretty solid area. So because they feel like this is a pretty solid area, this is one of the quote riskier assets that has a clear defined area of risk and reward. And this is the kind of trade that big money, hedge funds, institutions, everybody alike is going to start looking for. And let me tell you something. Let me tell you something. Let me tell you something. Let me tell you something. This thing right here, it matches the criteria. Now, give me a second. I got to blow my nose here. [ __ ] We're [ __ ] falling apart here, folks. [laughter] [snorts] Okay, so the reason that this thing right here matches the criteria. Okay, this stock GameStop just like Bitcoin has a clear defined area of risk and reward. That clear defined area of risk and reward is not specifically one price or one level. It is more uh realistically a box of ranges and that's just right here. Okay, this is an area that large money, hedge funds, institutions, and everybody in the middle has determined as an area of clear risk to clear reward. This area being the risk and anything above it
22:40being the reward. you, me, a bunch of folks in the chat box found that out pretty recently when we took risk in this box and then watched it break out of the box and then go to a new high and then 25% worth of uh profits. That that's what hedge funds and institutions and big money looks at. But listen now, in my opinion, you are going to start to watch money move. That money, right, big money, when it moves, it doesn't move into things for a [ __ ] quarter, right? Some things it does, but not all things, right? GameStop is something that they would look at as a longer term investment. Now, why would you think that? Well, one of the big things that this stock has coming up for it is Q3 and Q4. Historically, those are unbelievable quarters for GameStop, even when the business is literal dog [ __ ] We have seen Q3 and Q4 tend to be quite good to GameStop. You will remember back in 2020, GameStop was literally hemorrhaging. so much money and once they finished hemorrhaging that money, they hemorrhaged some more. But in Q3 and Q4 of 2020, GameStop did just well enough, right, with obviously a little bit of help from a console cycle that now I don't know why Trading View isn't [sighs] I don't know why it's not loading anything, but in Q3 and Q4, sorry, Q3 Q4 for GameStop, those quarters really helped propel the narrative. It really helped propel the story of GameStop and paired with the short interest, paired with the story that was happening with the Roaring Kitty, paired with these [ __ ] stupid idiot hedge funds such as uh uh 72 for example, right? And [ __ ] Andrew what's his nuts, right? Andrew left. that story, that narrative, all kind of came together like a nice, beautiful painting. There's a new painting being drawn on GameStop right now. And this is Sorry, I know this morning has been uh a little bit slow in terms of what you guys want to talk about. I just I just watched 130 people disappear. But listen, I'm I'm I'm trying to to get somewhere with this story and I'm I'm literally battling through back pain. So, please just just bear with me, please. With GameStop today, there's a new
25:39painting that is being drawn. And this particular painting that we are drawn is a narrative of a turnaround. I'm sure that many of you have seen the articles that have been coming out. I'm sure many of you have been seeing some of the ratings of GameStop beginning to change targeting some of these crazy prices that some of you are like, "How the hell did they even come to these targets?" Like, for example, 300 and something, right? [snorts] The narrative is that the business has not only survived, but it has come out on the other side very far ahead. That has all of Wall Street talking. All of it. Because it has all of Wall Street talking. Folks, there is a new narrative, a new painting being drawn. This painting that is being drawn is a business that was once losing hundreds of millions of dollars per quarter. Hundreds of millions of dollars per quarter. And now now that same business is on the precipice of raking in over a billion dollar in profits this year. Straight profits. Cash in GameStop's pocket. One billion. You know what America loves? America loves a great comeback story and GameStop is that story. The narrative is already beginning to write itself. And now imagine the things with eBay continue to heat up. We get closer and closer to the purchase and take over of eBay. The narrative will begin to write itself. But guys, listen. I I I'll take it a step further, right? Uh how does the microphone sound? I've I'm standing back and I'm trying to stand up. How how does it sound from there with the mic up? Is it good? Are you guys good? How does that sound? Let's see. I just I sorry I'm just waiting for the comments. Everything is a little bit behind. So, [snorts] okay. So, GameStop guys, we have spoken about this ad nauseium for the last couple of weeks. This, well, arguably the last couple of months. this console cycle that we have been talking about. I'm curious how many of you have started doing a bit of research into some of the things that we've spoken about here. I myself have spent a few uh hours on a couple of different like gaming forums. I've uh spent a few hours looking at some Reddit subreddits just to kind
29:13of uh get like an idea. Um, I was curious about PS5 Pros and I was curious about Switch 2Os. Um, the reason that I was curious is I wanted to know uh how much like legitimate interest there would be um in buying a Switch 2 for Zelda uh or potentially buying a PS5 Pro for GTA 6. And uh folks, listen, every bit of [snorts] research and DD and discussions that I have seen and had with people in these places, I can tell you unequivocally, no questions about it, no doubts about it. I can tell you with 100% certainty, people are buying these things. I I I'm I I I'm I'm telling you with 100% certainty. I have been looking for PS5 Pros in America and I can't find a [ __ ] one. Now, I could go on eBay and I could overpay for one by 120%. But obviously, I'm not like I'm I don't need to do that. I'm not that, you know, I'm not that hardcore about it. But the PS5 Pro is selling out like [ __ ] wildfire across America. And I I know for a fact that GameStop has been prepared for this moment. Ryan Cohen is a very smart man. And listen, if my stupid ass could foresee the idea of PS5 Pros and refurbished units selling like hot cakes for the GTA 6 release, if my stupid ass could figure that out, I promise you that whole team at GameStop was well ahead of this story. If that's the case, these refurbed unit sales and these PS5 sales, dude, I'm telling you, this is going to have a massive impact on the total dollars that flow through GameStop. But I'll take it even a step further. The research that I have also done on these Switch 2Os, I'm telling you, dude, these things, people are going crazy for Zelda. Yo, I I have I have never in my lifetime I Hold on. Let me I gotta think about this. In my lifetime that I can think of. I can only think of one other game that had a remake that had this level of hype behind it. And it was when they re-released Vice City on the PSP. You guys remember that? When they re-released Vice City, [ __ ] were so hyped for that [ __ ]
32:16And I I'm telling you guys, people are going [ __ ] bananas. They're going bananas for this Zelda [ __ ] And every person I interact with on these gaming forums is telling me or or or you know uh talking about it in their uh little conversations like, "Yep, I'm getting a Switch 2. Even even if I can't get the special special edition Zelda one, I'm still going to get a Switch, too, cuz I want to play this game." Like, dude, this [ __ ] is so [ __ ] hype right now. This [ __ ] is so [ __ ] hype right now. And what's crazy guys is it goes back to the original part of our discussion. The narrative is beginning. You are witnessing in real time GameStop's decisions and GameStop's business model and the way that they have approached the last 5 years. You are now beginning to see the fruits of those labor of those labors. Labor laborers reserves. Sir, sir, sir, sir. It's really exciting because GameStop has not only positioned itself to take advantage of this, but GameStop, the actual business, right, the the the legacy core business of itself, that business has got itself down so bare bones and has begun its shift towards collectibles and towards the uh cards. power packs, that sort of thing, right? Legend of Zelda is going to have a network of accessories that are sold with the game. A network of accessories from the Ocarina to the [ __ ] uh what's the the slingshot to the uh the what's the [ __ ] the what is that called? The bow and not the bow. Yeah, the bow and arrow. And then what's the what's that little [ __ ] whirly birdie thing that he [ __ ] throws when he's a kid? They're going to be selling those. And you guys have no idea. I'm I'm telling you, I I'm not doing a good enough job describing this. You guys have no idea how much [ __ ] GameStop is about to sell of Legend of Zelda stuff. Boomerangs. That's the one. Thank you. Yes, that's the one I was looking for. Boomerangs. You guys have no idea how much these guys are about to sell in accessories. And then here's the thing, right? Here's here's the last part of the
35:06story that nobody thinks about. GameStop still has physical stores. Now, it has done a masterful job at closing a record number of stores that were really struggling and just not doing well and costing the business money. GameStop has done a phenomenal job at fixing what has been broken. However, we still needed physical stores because we needed physical stores, right? Once again, GameStop has positioned itself in such an incredible way because here's the thing. GameStop sells a bunch of other [ __ ] in the store. They also sell the power packs that you guys can buy, right? I don't know if you guys have seen the YouTube videos of those guys uh opening those like $120 power pack things, right? where you get the uh the graded card in the front and then you get uh two different like random packs inside of it that you can open. They sell those among a truckload of other things. When people come into the store to buy a console or to buy some of the accessories for these games, that is foot traffic. When foot traffic enters the business, those people come in, for example, to only buy the Switch 2, but they leave buying the Switch 2 plus the Zelda controller plus the Zelda book, plus the Zelda Ocarina, plus a t-shirt, plus this, plus that, plus a power pack. All of a sudden, a $600 sale that GameStop was only going to make like $45 on has now devolved into a $1,200 sale where GameStop has rad in $500 in profit. Now imagine that that happens for two straight quarters because of one of the biggest, no, the biggest video game release of all time. A re-release of what is widely considered one of the greatest video games of all time. Both of those on two individually separate consoles. And then that leading into Christmas season. You better not pout. You better not cry. You better not short. I'm telling you why. Jimmy Claus is coming to town. [snorts] You guys can't imagine the story and narrative that is currently being written on GameStop. It is amazing what we are seeing, what we are witnessing. As we get towards the holiday season, as we enter in towards October, the narrative is writing itself and it's exciting to me. Right? Listen, I love the tinfoil, right? I
38:42love the tinfoil. I love the excitement. I love the hype because for me, right, I live and breathe off of your guys' engagement and your guys' excitement and your guys' hype, you know? And for me with GameStop right now, listen, I love the tin and I love the excitement and I love the hype. It's got me [ __ ] juiced up, but I don't make decisions or trades based on some wizard account posting plus plus. It's fun to meme. It's fun to laugh. It's fun to joke. It's fun to think about the future and all that, but my trades are grounded in reality. And part of being grounded in reality says, Jackie, if you want to be as bullish as this tin suggests that you should be, what's the reason? What's the reason outside of your hope? Well, the chart looks fundamentally amazing. Right, we've spoken about how GME trading above the daily 200 period moving average in yellow, trading back inside the Ballinger bands on the daily. tomorrow going to have a very bullish 20 crossing the 50 moving average with both of them sloping up. Fundamentally on the chart it looks amazing. Technically on the chart it looks amazing. Your RSI is staying in the bull zone. Your MACD while it is losing a small amount of momentum is still sitting very high and very strong and very powerful. We have our hull which is sloping up and coming to support price also going to rip through that cross at the same time as the Ballinger band is going to go through. Right? We have a ton of very positive things on this chart that continue to unfold. Now are we cautious? Of course we are. That's that's part of our job. We are cautious to some extent. Be it you know whether this plays out a di a divergent touch that brings us back down or who right? Of course we are protective. We are proactive. We are cautious at all turns. But the narrative towards the final three months of this year here right now obviously not the quarter right but for the final three months of this year right October, November, December the chart, the stock and everything about it looks phenomenal and the narrative is coming together. You don't need to make decisions based on some guy's wizard thing
41:45or what. Listen, it's fun to have fun. Somewhere along the way, right, we as a GME community have kind of lost sight about why we do this. This is supposed to be fun. Of course, it's supposed to make money. I know, I know, I know, I know, I know, I know, I know. This is always always about making money. But the reason that many of us got into this was the message that it sent about how we didn't really want to stand for people just shorting the [ __ ] out of our favorite companies because they felt like they could do it. [ __ ] you. Now we need to follow that same narrative that is being shaped on the chart and in the real investing world. People are going to show an interest in this because they're going to start to realize the very things that you guys are listening here to today. The story of GameStop is rapidly evolving. And this ain't your grandpappy's sell you a [ __ ] GameCube for 432 bucks and then offer it as a tradein for $19. and half a chicken cheeseburger. This is a new day. This is a new age. This is a new business. This business here is not only hellbent on bringing in shareholder value, but it is hellbent on growth and expansion. They have already clued us into their plan. They have already told us, listen, hey, listen. We're going to go after these ratitrun companies with insiders that want to just ride the golden parachute into the sunset. We're going to take those businesses. We're going to buy them back from dog ship management. We're going to turn those businesses into behemoths. And then we're going to do that five times, 10 times, 20 times, 40 times, 80 times until we're all gazillionaires. This is the early stages, the early days of that fundamental shift. And I promise you there is a lot of money that is sitting watching GameStop and watching this story. They are watching this narrative unfold. They are just as interested in it as you and I are. They might not be as excited. They might not be as crazy. But they also know this isn't just a bet on GameStop. This is a bet on Ryan Cohen. And look at what he has done. Look at
45:20his track record as a business owner. He took Chewy to a multibillion dollar business. and has now taken GameStop from what was a once nearly bankrupt and defunct company to now a business that has the potential to make a billion dollars in a single year. So he had a business that was hemorrhaging hundreds of millions of dollars and he turned it into a business that now makes a billion dollars and has like well by the end of this year probably close to 15 billion in cash and assets. If I was an investor and I was looking for someone to invest in, boy, that guy sure would catch my attention. Especially when he has signaled his willingness to go after a large company like eBay where if he were successful, holy cow, big money is watching. And believe you me, they're just as interested as you and I are. They want to see something tangible, though, right? They want to see some sort of result. It's not listen GameStop, right? The fundamental core legacy business. It's fun and all to talk about that and that's all cool and great, but that's not what's going to move our needle. If if we want to see our stock reach exorbitant prices and have our personal accounts reach unbelievable numbers that we never thought possible, Ryan recognizes that the business needs to shift. And that's what we're doing now. in order to get those big money players interested more than just the ones that we have so far. Ryan needs results, be it a successful eBay takeover. Uh I listen, there could be a a a number of things that he could do, but in my opinion, the eBay thing is probably, you know, the most forwardthinking, you know, obvious answer here. The market wants results. Hedge funds, long traders, whales, big money institutions, they like results. So Ryan must deliver. The question is, we as investors, right, the ones that have weathered the storm over the last six years, right, do you still believe And my short answer is duh. And my longer answer is yes. For all the reasons that we spoke about earlier in this show. Ryan has positioned this business to take advantage of the next three, six, nine, 12 months of this massive video game that is coming out paired with a massive release
48:28that is going to have a massive impact on the business. Ryan did that. He positioned the business here today to be ready for this. And now our only question, right, is can the legacy business survive? And I think that question has finally been answered. Yes. Not only can the legacy business survive, but it can thrive. It doesn't need to make exorbitants exorbitant amounts of money. It needs to thrive on its own merit. So that way Ryan Cohen can go out there and use the cash that we have amassed over the last six years and we can begin to transform this business into the Listen, I keep saying that this is the new Birkshshire. It's not. It's not even the next Birkshshire. You know what it is? It's the new [ __ ] GameStop. We aren't Birkshshire. We got to stop with that comparison. [ __ ] Birkshshire. Yeah, I said it. No, not Buffett. Buffett's cool. All right, so chill. But [ __ ] Birkshshire. This is the new [ __ ] GameStop. You They think GameStop, right? They think You hear GameStop and you think holding company. You think the future of finance. You think the takeback of corporate America. This is a new day and age and the transformation of this business is well underway. Now we are going to go through the next three months which will be massive for the business and company. And if [snorts] GameStop does this correctly and leverages this correctly, they are going to absolutely crush. And not only will they crush, but it is going to add more and more and more and more cash to the balance sheet, which is going to look more and more and more attractive to big money. There's something to be said about a business that if we paid off all the debt tomorrow after this year, we could be sitting on over $10 billion in cash. If we paid off all of the remaining debt, the two whatever it is, the 2 I think 8 or what 2.6, whatever it is, if we paid off the remainder of that by the end of this year, I think we could still be sitting at eight figures. You know how attractive? You know how attractive a business like that is? Something that carries no debt as we enter higher for longer
51:59rate cycles that sits on over $10 billion in cash. That would be monumentally attractive. It doesn't matter who you are, big, small, medium, fish, dog, cat, human, that's attractive to everyone. And that's the type of position that GameStop is putting itself into. Now, I know for many of you, right, you just want the stock to go up. That's the only thing that's important to you. And listen, I'm I don't fault you. I don't think you're stupid for it and I I don't even hate you for it. Right. Understand that. Let me I just got to grab my chair. Understand right where GameStop currently is on the chart. We have a phenomenal setup. Okay, we are resting above the daily 200 period moving average. We do have a few things on the chart that give us a little pause. More specifically, I keep coming back to it, the 4hour time frame, which is in the bull zone and it doesn't have at least for right now confirmation of any of the bearish divergence that we see. So, life is still good. in that regard. Okay, we expect that there could be a little bit of a retracement that would give us an opportunity to have a pullback perhaps towards the daily 200 perhaps maybe the 4hour 200. We'll, you know, we'll kind of get there when we get there. But otherwise, we are comfortably sitting against resistance. Okay, if we pull a fib right from the uh 36 or whatever dollar highs here down to the 52- week lows, you guys can see we have our macro Fibonacci here, the macro 382 sitting at 2322. Okay, that is macro resistance. This is macro resistance. All right. And if we just extend these lines to the left and then I hide the other ones here temporarily. Okay. You guys will see. Look at this layer of support and resistance across GameStop's chart. Like dating all the way back to the sneeze. Look at how important that level is. Historically, when you're above it and bounced off of it, it's led to big volatile moves. And when you've broken below it, right, if you've back tested it, it dumps hard. If you get above it, it rips faces. Like these look like small moves. I'm telling you, they're not. That's 15. That was 18. Then there was this
55:07gap up above here, right? Like th this is this does not [ __ ] around. When it breaks through that zone, it tends to make some pretty significant moves. That's where we find ourselves. We find ourselves there after the stock has now consecutively gone up very nicely and broken above some of these layers of resistance that we had such as the daily 200. This level that we have in front of us at 23 is going to be tricky to get through. Not impossible. That's not what I said. I said tricky. SJ2 rocker. Sorry. So, I kind of anticipate the the the healthiest thing that we could do would be to see it have some sort of pullback back towards some of these areas of support, be it here or here, to back test maybe this trend line or the daily 200, right? And those little back tests would bring some of those technicals back that would give us the uh I'll say leeway or runway that could allow the stock to have a further continuation of a breakout move. Now, what's also interesting here is if we kind of went like this, drug this across, all of a sudden, I'm sure what some of you are picking up what I'm throwing down here. Could this potentially build a gigantic complex inverted head and shoulders? And I mean, if that were the case, the profit target on something like that would go like this to there. And oh boy, look at that. Hey, mysteriously, that would fill the gaps that we have remaining up here. That's quite interesting, isn't it? And then did you know complex inverted head and shoulders happen to rank as top five bullish reversal pattern in the market right? So now the cogs are turning. We're sitting at resistance. Some of the technicals are slightly overshot. Right? So perhaps a little bit of a pullback would not necessarily be the worst thing. Now I I again I'm not trying to spook you or make you nervous or scared or worried or anything. Right? I'm just kind of saying this right as we wait patiently to look for that IWM move. If IW Where are you? There we go. If IWM can get that daily breakout move of the RSI wedge, I think there's a really good chance that GameStop and AMC and
57:32a couple of these other stocks that we like, I think that they could move with it. Until that wedge gets the confirmation of the breakout, I think the easiest choice to make at this current junction is to just sit back, relax, be patient, and let this develop, right? We are in a great position. Like, I I'm I'm not just saying that to keep you guys excited or hype. We we really are in a great position. It's okay to let the stock have some moments where it just it's like nah. I don't really see a sign. I don't really see a signal. I don't really have anything on the chart that gets me like really crazy excited. So maybe I'll just like sit back right now until the chart shows me a clearer opportunity. Right. Maybe. Right. And again, I'm not trying to hint at anything. Okay. I'm not trying to hint at anything. Right. I don't even know what you're talking about. I'm not trying to hint at anything. Maybe there could be like a 30 minute RSI wedge on the chart. I don't know. And maybe that stock could try and find a little bit of support on like maybe like a like a trend line like this. I maybe I maybe and then maybe it would try to build that support there which could bring some of the technicals back as the uh as the 4hour candle turns red. And maybe, just maybe, that would finally be enough to bring some of the technicals back enough that could lead to the next upward breakout that could help the stock see another new high since our entry and continue to push towards some of these targets again, such as that 2320 that we hit in scam hours overnight. But okay, so guys, this is what we have going on with GameStop, right? This is what we have going on with GameStop. Okay, we are in a decent position. All right, we're in a decent position. Okay, we just have to have the patience to let some of these technicals just cool, right? [snorts] If we have the patience to allow some of these technicals to cool, we will find ourselves in a really good position. Okay, so that's what I have here for GameStop this morning. All right, so GameStop this morning, not a
1:00:15ton to report. You could argue that there's a Oops, I wanted to use the other one. You could argue that there's a 30 minute RSI wedge, right? Easily could make this argument. Now, the way that I've drawn it, I used a a parallel channel. You probably could uh just draw it freehand like this. Let's go like that and then draw this one like this. And that's probably good enough. So, there could be a little 30 minute something something there. and definitely gonna be worth monitoring. I'll definitely say that. All right. Um, yeah. Does anybody have any questions? Does anybody have uh any questions? All right. Does anybody have uh any questions? I'm going to go through the uh [snorts] the chat box here. All right. Nice, Jesse Juice. That's sweet. Yeah, the last 30 to 40 days, the market has been straight beep boop dog [ __ ] I could not agree more. It has been ratty tatty. Speaking of which, what's SPY doing now? Holy [ __ ] That's crazy. Did it hit that? Oh, yeah. It did hit that golden pocket. Yep. Wow. Wow. And it just burst through it. That's nasty work. So that daily RSI wedge is breaking out, isn't it? Attempting to. Yep. Sure is. Or at least attempting to. Interesting. All right. So there's spy daily indicator still building is the weekly. Yep. weekly is as well. Checking in on GME. GME headed back towards that trend line. Checking in back with the chat box here. All right. Past couple of weeks, the big dogs have been shorting RTY and longing NQ super extreme today. Yes. Yeah. And I saw Meta and Tesla were up huge chunks today. Tesla up three and look at that [ __ ] Meta 6 and a half. So, we spoke about that weekly trend line there on Meta. Sky Daddy was [ __ ] all over this thing back on these lows and uh yeah, broke through that weekly trend line that we had drawn here, folks. And look at that. Wow. Meta, what a beast. That's uh that's a big move. And now I got to fix my Fibonacci cuz they're cooked. [laughter] Okay. Turn this and this and this and this. And I think that's good. Yes. And then we probably don't need them bolded. All right. Oh, I forgot the
1:03:1565. There we go. All right. Aha. All right. And then GME looking for a little bounce. I swear GME is doing that same thing again. It feels like it. It feels like it. It's so funny. It's honestly This is so funny. It feels like it's doing the same thing again just like last week. Let's check in on the order flow. We haven't looked at that yet today. Let's go to net flow. It's just easier to see it. All right. All right. Check in here. GME. Click GameStop. Let's see here. Uh 7 days. So, not much to report. Yeah, not really much to report there. Not a lot going on. Yeah, not uh not much to say there. Let's check the darkpool. GME. Okay, let's check the whale feed GME. Uh just one today. Just one for 100K. That's it. All right. Yeah. So, not much to report there. Uh, let's take a look at AMC. AMC continuing to reject that box of resistance. So, AMC having a heck of a time breaking that box of resistance. Is that 4hour RSI wedge still a thing? No. What is this then? What am I Oh. Oh, there's a 315. Okay. The hourly actually looked like it was still in a wedge. Yeah, that actually looks really good. Okay, cool. All right, I can kind of live with that. Maybe the 30 minutes better. Like from here to here to here like this and then this one like this. Yeah, that's that's okay. I can live with that to some extent. Okay, maybe we can watch that on the 30 minute for AMC. I do think after rejecting this again, I do think it's probably more likely to come back down and uh retest these lows at 250 because that's a that's a pretty big touch of bearish divergence. Couple of touches of bearish divergence, especially on the hourly. One, two, three, uh, three higher highs on price and three lower highs on the RSI. So, I'm not thrilled about that. I'm not crazy about that. Um, let's check back in with the chat box. Real G's watch the volume. IWM must drop Bitcoin. Oh yeah, yeah, yeah. Let's take a look at Bitcoin here. So, Bitcoin up 5.7%. My crypto account. We're back, baby. [laughter] So, maybe what we should do here now is uh get rid
1:06:38of this. Get rid of this. Get rid of this, this, this, this, this. And now we should pull a fib from the all-time high to that 52- week low. Boom. There we go. So, if you do manage to hold today and break and hold above 855, then theoretically speaking, I mean, your next logical target to aim for is going to be that golden pocket at 94 [snorts] 94K. So yeah, this one's uh Bitcoin that's quite interesting on its breakout of that fake out from the head and shoulders. So we can mark out the fake out from the head and shoulders and we can mark that as a profit target. So that profit target would take us to roughly 90,000. That would take Bitcoin to about 90K. Then Brandon, good to see you. Uh YSS. Okay, I'll I'll come back to there. How much do we need to retrace? Well, it can also just be consolidation. It can just like chill. And chilling is good. Chilling is very good. Rocket Lab, [sighs and gasps] the target for the bump and run. Well, the first bump and run already hit that. That was the target, which was basically just shy of 23 if I remember correctly. So, this was the first bump and run, right? So, the profit target is right here. And it I mean it came pennies shy. Like literal penny shy. So I would probably you know just say put that one to bed. And now we're just sort of looking I'll say more so from a more macro technical standpoint of holding above that daily 200. And then perhaps looking at this um you know again we spoke about it as a potential complex inverted head and shoulders. You very easily could also make the argument that this is a round bottom, right? And round bottoms sometimes they make these little handle things. It's, you know, call it a couple handle. I don't really care. But sometimes you get these and then those round bottoms like these things rank really, really, really high in terms of a bullish reversal. So go to chart pattern rank, right? Go to uh top 10 reversal continuation top 10 reversals, right? Upward breakout bull market. If we go here, right, rounding bottom seven, number seven bullish reversal pattern in the market. So there is something to be
1:09:09said about GameStop and also being in the uh possible rounding bottom formation here as it broke that daily 200. So there's still a lot to like and again it doesn't have to retrace. I guess maybe I should be cautious with my words. can it can have consolidation where you know maybe the days are like minus half a percent or minus 1% you know we're not really moving or doing all that much but um okay so uh I had a couple of uh just random little requests here um so we wanted to look at Rocket Lab and then YSS so let's take a look at rock so Rocket Lab and YSS they're tied to the same sector so I assume if one is doing well, the other is probably doing well. And then so far, Jackie's little drawing there on Rocket Lab has worked out quite well. So, we've caught a little bit of a reversal there on Rocket Lab at the macro 236, but it is running in to its uh its its um uh daily death cross here. So, you guys can see the uh daily 50 has crossed below the daily 200. The 200 is sloping up, so it's not the most bearish death cross in the world, but it is there. and you are currently testing the daily 50 period moving average. So that's just worth making a mental note of. And then maybe secondly, I would pull a fib from this high down to this low and then just find where the 236 is. And then that's going to be your next layer of resistance. So this is going to be difficult to get through, but if it does, Rocket Lab is definitely going to bang out for sure. All right. And then the other one was YSS. So, should have should have hung with it. Should have hung with it. Uh, put the entry where the stop loss was, and it did end up working out. It missed the stop loss by literal pennies. Uh, I cut it personally. I I cut it myself, but it's back up to that initial trade entry back at 9:30. It's looking nice. Broke out of that daily RSI wedge that we had been waiting for. Um, and now your your next big conclusion for this trade for you guys to see a a
1:11:14big breakthrough is going to be going through the center line. If this breaks through the center line, it is going to have a pretty massive move, right? YSS, if it breaks through that center line, that is confirmation of the breakout move from the RSI wedge and the breakout of that bullish harmonic, and we could potentially see those full profit targets get achieved. So, we'll see what happens here. I shouldn't have been such a [ __ ] but uh you know that's just the way that it is. So that's what you're looking at there for on YSS and then DJT. Yeah, I can take a look at DJT. So DJT still doing the thing. It had that 4hour RSI wedge that we marked off there on Friday and it broke out and broke through and now it's breaking through the center line of the 4hour RSI which is really really really good. So hopefully we can get uh some further continuation of that breakout move. Hopefully we can get some further continuation. I do like the fact that it's back above the 4hour 50 and the 4hour 200. Uh if we head over to the daily, it's underneath the daily 50, so it still has a lot of work to do. But I re I like I don't like the stock at all. But I am going to have to fully admit, listen, that's a really nice inverted head and shoulders. Like that that's actually really really really clean. And if that makes a breakout, I mean the profit target on this alone from where the stock currently is, right? Like you're you're Listen, these are not small percentage gains. Like these are pretty significant, you know? So I I I do have to admit the chart here on DJT is quite attractive. It definitely is pretty attractive. All righty. So, head over to the daily. If we look at the RSI, daily is resting right against the center line as well. So, this is going to be a really big test for DJT there. All right. Uh, let's see. What else do we have here? Um, sloppy diamond toppy spy five minute. [sighs] H I I would I would Oh. Oh. Oh. Oh. Oh. You're talking about this? Yeah, maybe. Yeah. And if it is, I mean, this looks like a breakout. So, that would
1:13:47take you to 77011. 77011. Yeah, YouTube has been really choppy lately. I agree. And then GME is moving down. Well, yeah, but looks like it's just kind of back at this support here. I wonder if this is like a little micro harmonic. [snorts] Yeah. So, you have a bullish uh bat that just completed there. So, it might extend into a crab. I mean, it's too early to tell, but there is a bullish crab or a bat that just completed there on GameStop. Then what we could do, pull a fib from that low to this high and just see what we got. Oh yeah, there you are. Right at the 236. So there you go. So hopefully 2250 acts as support and we can push back up. And then uh SD Ber with the Oh, I missed I missed. Okay, I'll do this one and then I'll get to the super chats from earlier in the show. I [ __ ] up. SD Ber says, "Thoughts on Z. It's bounced four times off of the $30 area since June. Nice rounding formation with the daily RSI Zillow. Yeah. So back testing that same area that you mentioned, you could certainly even make the argument that this is one-touch bullish, possible two-touch bullish of bullish divergence there on this thing. It's possible because those are lower lows from the candle closes. Those are lower lows. So you have that going for you, which is pretty exciting. Um, daily. Yeah, I like the daily RSI wedge here. That's pretty interesting. It's a like it's a little awkward to draw. So, I would maybe just leave the upper trend line. That's probably good enough. But yeah, that Okay. And then what else did you say? Daily RSI wedge round for Oh, yeah. Yeah. Round formation. Yeah, that's a nice round top, too. Yeah.