Okay folks, so certainly not a terrible way to cap off the week. our Sprt play has gone insane, literally doubling once again to highs. I'm not complaining, but at the same time, G Willikers look at her run. Quite frankly, it is the rise of predatory short selling in this market that has allowed so many of these retail momentum stocks to pop up and it's a great thing to see.

But with numbers like these, I feel bad for these short sellers. I mean, they have families, children on child support from numerous wives. At least save them some scraps. But in all seriousness, I want to talk about what the heck happened, what's happening next, and my outlook on it.

And even as support cools off again, there's another one of our plays, Bpig, which is starting to pick up really interestingly. I want to talk predictions for next week on this play. And for dessert, I hope you like bland and flavorless cake because I want to talk about what the Fed just said today, their outlook on tapering the economic environment and what the situation's looking like towards the end of the year. It's true that the market certainly did go risk on today as a result of this announcement, and I want to talk about exactly what all this means and the only thing that I ask in return is that you hit that ravishing like button.

And also don't forget to subscribe either. Okay, so let's go ahead and start with Sprt, so I don't want to go ahead and rehash the timeline that we talked about yesterday, but basically bigger picture. We started putting the work in and identified this as a squeeze play starting at about eight dollars, and it grew our squeeze conviction as it grew higher, Picking up momentum at 13 and 14. Yesterday, it hit a high at 29.80 and today it's continued to go parabolic.

I remember the mechanism of short squeeze stocks is slowly turning up the heat on short sellers and slowly turning up the heat on the euphoria. so as the momentum grows, the momentum grows exponentially, which is why you see sort of a snowball effect when it comes to so many of these short squeeze rallies. But there's also a double-edged sword to this because stocks that can go up a hundred plus percentage points in a day can also get cut in half just as rapidly, which is what we saw numerous times today. Even warned about it this morning when it was still up, warning that breathers can and will be a huge haircut if not controlled properly.

Why did I say that? Well, not only because it was common sense, previous history indicated that pre-market rallies were almost always met with strong corrections towards market open and then reversals, but even that original cutback bounced back huge. It halved 50 and then nearly doubled again into new highs several hours later. Today was a traders market. pure and simple.

One of the things that people often miss when it comes to meme stocks and meme squeeze predictions is this concept of having the correct tailwinds. You see, Sprt was a stock that had everything going for it: high short interest, high retail sentiment, previous pattern, confirmation, volume, search trends, and was very easily predictable and did everything we wanted, at least in isolation. But that's survivorship bias identifying a play that won without identifying another play that didn't win with the same exact setup. You think about a similar setup like Excela from earlier this month.

it had almost the same metrics going for it: high short interest, high retail sentiment, favorable volume. For context, we made a public video, even talking about its potential, how I'm tracking it, and within two days, it actually shot up 40. But the setup at that time was similar to Sprt and suggested that it had a lot farther to run. So in totality, this actually ended up being a dud.

What ended up happening with broader market sell-offs people going a lot more risk off for that time period where that momentum was just starting to get started and never even got a chance to get the second round of retail influence. The stores aligned with Sprt and it ran massively. The stars didn't align with Exella, so its momentum died off very quickly. They both have the same setup, but from the original tracking date on Excela it's down 12 13 percent, whereas Sprt from its original tracking date, It's a completely different story.

So what am I trying to say? Well, I'm trying to make the point that when you're doing your own research and you're finding your own place, you're going to have the same situation. You're going to have to deal with a dud like Excella in order to find a winner like Sprt. And that's only the first part of the battle. You're also going to have to figure out how to control your risk on the ones that work and the ones that don't.

Your goal, of course, is to make sure that the plays that win outpace the ones that don't. That way, the punches that you take aren't nearly as good as the punches that you give. Okay, Bbig. So our Bbig player ran today.

We briefed on it around three five a share 30 minutes prior to market open, and it ran to 597 at highs and of course 7 35 in the after hours. But that's old news. I want to focus on new predictions and the breakdown of this play. Number one: It's an Nft play, which is a very, very strong hype sector.

Right now, we're once again in an environment where everything Nft related is trending tcat, Bbig, you name it. and it's largely started by the fact that Visa and Facebook announced they're getting exposure. Second reason this is an interesting play is because it's heavily shorted. Third reason I like it is it's now testing recent highs from prior retail rallies and Number Four still has a way to go until it's considered a breakout play.

Because it's previous hype. Momentum Squeeze Rally took it all the way up here, and even though it's testing recent highs, it still has a ways to go. And we know that these plays like to push into new highs. That's like the whole idea of the short squeeze place.

No predictions. This is going to get a lot of lip service over the weekend. Let people spin it around their heads and around message boards. All they want.

Wake up Monday morning, see what it's doing in the pre-market See if you could scalp some of the momentum, But keep in mind that whatever that original hype is, it's gonna die down and it's gonna die down massively once that hype dies off and you see some selling pressure that'll take you to a nice enough dip where you're set for a nice subsequent rally. The pattern of behavior on the chart and logic suggests that after every massive massive rally, you see residual rallies that try at another breakout. Do I think it'll be enough to break into new all-time highs? Well, I'm not a psychic, but I do think that it's going to try. You give this an opportunity to breathe next week and I wouldn't be surprised to see another massive outbreak of Momentum.

But anyways, folks, today was a very, very nice day to be a retail trader because it was a very risk-on day in the market. which means that a lot of the higher risk, higher moving stocks did very, very well today, which also happen to be the ones that we target disproportionately because we know that we're willing to deal with the flood, dysphoria, and sell-offs in order to get the days like these where you have a lot of runners. But certainly even looking at our briefing, Catalyst plays today. You can get a good picture of how Plane with Probabilities works.

Besides Sprt and Bbig Neuro did incredibly well. today. you had some others that did okay, and then some others that didn't do very well at all. And obviously you're certainly not just yoloing into all plays, and there's certain plans in place in terms of how you exploit your own trades.

Can't exactly time what Catalysts are going to run, and when they're going to run, you do your best to find the ones that are likely to run, You look for certain criteria to play, the ones that are likely to run, and then you out balance your losers with winners, and hopefully you have very, very strict exit plans so that you can hold your winners and also not get destroyed on the losers. Okay, anyways, enough about that. Let's go over to dessert. The Fed.

The Fed is in the pressing situation right now of having to balance fears of ramifications from massive money printing with fears of overcranking down on said ramifications Now the last few decades, the Us has time and time again gotten away with printing like there's no tomorrow. We've in the past caused massive market sell-offs by preemptively striking at inflation concerns that many economists believe wouldn't have come to fruition even if we didn't preemptively strike at them. So these days the Fed tries to be a little bit more patient before striking. It's also true that despite public pressure on inflation being more moment-to-moment based, people get upset about pricing pressure today, even though they don't realize that pricing pressure today was caused by Catalyst six months ago or a year ago.

the Fed has to live in the future, which is six months to a year from now, and make decisions based on where he thinks or the institution as a whole thinks that inflation is going to be in six months to a year. So even if inflation numbers look hot now, the Fed has to look and say, well, if the numbers don't look hot six months from now, we have to be really careful about what we do today, because it could screw us later on. So what did the Fed say today? I don't want to talk your ear off. Well, main points He said number one: that fee pace of hiring is faster today than it was at any other point in recorded data, suggesting that the goal of reaching maximum employment is on the correct trajectory.

Number Two, He acknowledges that the Pce price index, which is their preferred measure of inflation, is above their two percent desired inflationary target, but he stated that this inflation spike that we're seeing right now in hot pricing pressures in a lot of different sectors is temporary and will disappear as pandemic conditions ease. Interestingly enough, because the market was starting to anticipate that the Fed had gone a little bit more hawkish, but it seems like Jerome Powell is taking a step back and saying, hey, no We actually still think that the trajectory is looking very, very transitory. Yeah, we're gonna have inflationary pressures, but they're not gonna be on this rolling scale where it goes three, four, five, six, seven percent. It goes up for a few months, and then in future quarters it gets back closer to that transitory level that they wanted to get, at a level that they see is acceptable, which is two percent.

Still very punishing for people that save money though, and there probably could be a better system in place. But hey, I'm just a commentator on this, right? But it is true that a lot of the sectors that are seeing pricing pressures right now are seeing them because of supply chain problems, labor shortages, manufacturing shortages certainly don't need to rehash the used car and truck segment, but a lot of these things should ease as we edge out of the pandemic. that basically reiterated that there's a lot more ground to cover before rate hikes, and I think that's something the market really liked. today.

Instead of speculating on headlines that the Fed was going to be hawkish and overly taper and destroy valuations, the powwow of Jerome stood up and said no. But basically my takeaway is that the Fed is going to take a little bit of a step in order to curt hill a lot of the panicking that's going on with inflationary pressures. but they also don't want to overdo it because they do think that the inflation that we're seeing right now is indeed transitory, and if they push it too much, it could get into the deflationary region. So anyways, folks that caps off the week.

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Of course, you'll also get access lifetime access indeed to our step-by-step lessons, our private chat, and our daily morning briefings. Anyways, folks that caps off the week, I hope you have a great weekend and I'll see you on Sunday!.