Okay folks, so we've got a few violent things to talk about today. Number one, I want to give you an update on the market and plays number two. I want to give you an update on Ooga Booga, Amc. And lastly, I want to talk about something that's going parabolic right now and I need to explain exactly why it is going parabolic and what you need to know about it.

And the only thing that I ask in return for all of this is that you hit that ravishing like button and also don't forget to subscribe either. Okay, let's go ahead and start with the state of the market. La Marqueta has been very, very interesante. You've certainly seen the market go risk on in many sectors, but you haven't seen any capital really flow into mainstream big value stocks or even big Tech.

I mean, more capitals flow into big tech than big value. But still, it seems like a lot of that risk on capital is flying to higher and higher risk higher flying opportunities, which I will say is much better than the start of last September where we had the entire month. Pretty much be this very slow and boring environment where things if they moved, they went down and most the time they just stagnated. Nobody wanted to take on any risk.

Capital right now certainly does want to chase high-flying plates and it is willing to stomach the risks associated with that. But at the same time, where it diverges from earlier this year January and February is that it doesn't really want to stick around for more than a couple days. It gets in a play and then gets out of it just as fast. It takes its money and it goes home to mama.

You look at something like sprt. Just total dirty dog. This was a stock that we had a huge win on last week. It went from 8 to 59 and then had a few iterations back and forth.

But we stressed the need to play moves separately and not buy in again until you get a massive cool off and the second show of strength and then see another show of momentum. Because quite frankly, the momentum that we saw last week hasn't shown any proof to be able to sustain itself for more than a couple days in any area of the market right now. So far, that has been the right assessment. It's gotten destroyed, falling from 59 to today's level in the 22s.

Now that we are starting to see some strength in the after hours, Round two could be coming sooner rather than later, but these are two completely different runs. What's the point of holding during the 50 haircut playing moves separately is key. Capital right now is more than willing to take on risk and there's a ton of it. It just doesn't want to stick around for long to see the stock go down.

It doesn't trust the stock's ability to go back up, which means that acknowledging that allows us to exploit this market condition. Okay, moving on. our Bbig play Had another rally this morning, which further shows the point that Capital is here, and capital does want to chase. it, just doesn't want to stick around for long.

and it's definitely a little bit more on the sidelines. It's like, okay, I'm gonna pour in when you see maybe a five six percent run, but then I'm going to start running for the hills every time it goes up a little bit too fast. Popped up from 7 32 to 11 9 within the span of about 20 minutes, and then it was nowhere to be found. And on Friday's video, we talked about how Bbig has a ways to go before it breaks out, which is one of the reasons I liked it.

But now it's hit that goal and broken out way past 11 9, which certainly suggests that if we don't get another rally of momentum soon, then it's going to take a massive breath, A breath that it may not be able to come back from. Am I saying that this can't have another slew of memerons? No. But I think that if it doesn't break out soon, it's going to be a lot more difficult to get that momentum back, especially considering how many other stocks there are out there that have similar setups. I think quite simply being stoic and saying hey, I'm going to play the run.

I'm going to lock in profits when it's going up and then I'm going to play the next iteration of a run. If it comes, is one of the best ways to play these types of things. Charge Point: The charge point play had huge inflows today after earnings, but quite frankly, like I was saying yesterday, it doesn't really matter. Runyon's reports generally do help to build conviction, but here it wasn't necessary.

The conviction in this play has been held through fud and favor because of the very simple fact that Ev demand is booming. They need places to charge, and Chargepoint is the leader in being able to service that demand. The after hours rally was a nice compliment to us, and certainly it was already trading at multi-quarter lows like we were discussing yesterday. So it's fairly obvious that if you had just a slight beat on expectations, you're going to see a rally.

Results are pretty good: Quarterly revenue: 61 percent year over year. They've actually gone ahead and hiked their full revenue guidance to 15 up. They now have 118 000 ports in total with over 5 400 in Europe. They talked about some of the recent acquisitions and strategic moves in Europe like ones we've talked about like has to be.

Overall, I was satisfied with this report. It beat my expectations, but quite simply over the upcoming years, it's gonna look a lot better. Chargepoint's not only going to benefit from roaring Ev demand, and especially roaring Ev production when we get out of this damn chip shortage, but it's also going to have government spending pointed in its direction. probably more than even the current stimulus package is going to throw to them.

Quite frankly, if you believe in the Ev trend, there's a bit of a crisis on our hands because there's not nearly enough chargers, so companies like Chargepoint are very, very needed. Okay, moving on Amc. So Amc had a bit of a sell-off today, or as the financial media call it a fatal, devastating crash. I think that in reality it's probably a combination of momentum taking a breath.

We've had a very, very, very strong couple of days, and shorts exploiting that earlier than expected. Cell attacks tend to come in a lot stronger during periods where the price strength is already weakening. That way, they can accelerate the move instead of trying to fight a move in the opposite direction, and you look at how it traded today, and that seems to be the case. It's also true that because of the structure of the market, some orders won't reflect in the actual public price, because supply and demand can take place differently in different off exchanges like a dark pool for example.

But that being said, I mean, you look at the overall trend. Since early August, it's had a pretty nice, sincere stair step. One step back, a few steps forward, one step back, and that's been pretty much the trend since August, early August. It also does seem that recent stair steps have been a lot more volatile and a lot more pregnant than the other ones had.

That being said, in terms of projections, I'm really hoping that that 50 level doesn't become the new upper trend line here. It's unfortunate, but if something fails to break a certain resistance level enough, it becomes not just a psychological area of resistance, but it also becomes an area for strategic cell attacks. It's also true that if you have some players that are trying to ride channels and they're like buying in at 40 or 35 and they think that 50 or 48 is going to be a resistance level, well, then you have all that buying pressure on the lower end of the channel that then just goes and dumps on you when you get to 50. if you're fairly impatient here, it's going to be a lot better if it breaks 50 sooner rather than later.

We've seen so many periods where it forms a channel and it takes a while to get out of that. What we want is this trend of stair stepping taking a breath, stair stepping again and then taking a breath to continue. We want the selling pressure to be met with more buying pressure and we want this trend that has existed for over a month now to continue. Lastly, quick question that I want to address Some folks say Charlie, You say this is a traders market, This isn't a hold and hope market.

You say you should be trading squeeze moves themselves and not letting the moves trade you. But you never mention that with Amc, Why is that? Doesn't that logic still apply to the ooga-booga folks? Well, first of all, ooga-booga or not, you should always be looking at the risk yourself and saying okay, well, is this risk worth it for my potential reward And as long as you're doing that, hey, make your own decision, right? But when it comes to Amc specifically, in my view, the cultural relevance of the stock is in a whole other stratosphere than any other squeeze stock. You look at retail heavy forms every single day. There are tens of thousands of retail traders discussing Amc regardless of whether it's up or down.

That community has existed since January. Even in our comments on these videos, I could make a video where I never mention Amc a single time. and the video is focused on me reviewing Next Gen Foot Cream and ninety percent of the comments will be Oogabooga, Amc or Amc to the Moon. People aren't making plain banners with ticker symbol exella or Bbig on them, but they are doing that with Amc.

The trust built alongside a massive cult following that is stubborn and relentless at buying, Dips brings in more and more people who are then empowered to do the same thing which then creates a self-fulfilling prophecy and an interesting probability bet considering that shorts do eventually have to cover. The fact of the matter is Amc and also Gme to a certain extent. Both of those stocks are so woven into the backbone of the meme movement that even though there's been dozens of smaller squeeze stocks that have come and go, those have stuck around and are still very, very elevated and have continued to see cycles of hype runs in euphoria. And when it comes to short squeeze stocks, if you're going to take a probability bet, I believe that you have to have the best.

In terms of stubborn culture, that's just not going away anytime soon. And my view, Amc is the number one for that. So in terms of a probability bet, that's the one that I see the most relevance for. You could also make the argument for Gme that hasn't been a focus of mine, but Amc.

Ooga-booga Okay, time for the main entree. I hope you're hungry. I want to talk about Ethereum. so Ethereum is skyrocketing and going parabolic, capping off a 40 increase in the last month and one of the biggest gainers today.

It's basically been a co-leader of the crypto space with Bitcoin forever, but I would argue that when you really get into the nit and grit here, they're completely different beasts. What really sets Ethereum apart is the idea of smart contracts, which gives the ability to its users to both create and run decentralized applications on the Ethereum network and creates a booming source of demand for the network and actual value behind it. And the trust that Ethereum has built makes it very difficult for a lot of the up and coming currencies to compete. What are some examples of these smart contracts? Well, think about Nfts.

Ethereum smart contracts have led to the creation and holding of internet assets called Nfts, which you've seen blow up this year and skyrocket the use of the digital economy. Most of the largest Nfts, the majority of them, take place on the Ethereum network. Also, Ethereum's ability to offer decentralized app creation and run it on its network also works to decentralize finance. Work that exchanges banks or even brokerages would do before can start taking place more on the Ethereum network.

So why the run-up now? Well, a few reasons. the obvious is that aside from the overall inflows into the crypto space that's lifting all boats right now, demand for smart contracts on the Ethereum network is skyrocketing and people are anticipating that. This isn't going to stop. If you assume more and more utilization of smart contracts on the network, you're also assuming more and more value providing for the network and more and more demand to buy the currency if you look up, for example, just Nfts in terms of search volume, it's getting close to all-time highs indicating all-time curiosity and buying Nfts.

It's also true that there's some indication of constraining supply, because when you have a lot of money concentrating in smart contracts which Ethereum does, that's a lot of capital that no longer moves around. It has a temporary almost deflationary pressure Because that capital is no longer exchanging hands, it makes it so. The capital that is gets bid up a lot faster when you have a massive slew of demand. So when you consider why Ethereum is creating some alpha over a lot of the other major crypto assets, it's because it has a lot of demand for the utilization features of smart contracts on top of the current demand for cryptocurrencies as a whole.

And on top of that, you've also seen a lot of institutional recognition of Ethereum and the technology behind it. But my thought process moving forward? Well, if you start seeing Ethereum break out into new highs, this bull trend into crypto is going to be accelerated even more. We already know that when the biggest players win in any asset class, where does the money like to go, the money likes to go and chase some of the smaller players trying to find the next Bitcoin, Trying to find the next Ethereum? Trying to find the next Tesla? Making a lot of the small underdogs run hundreds of percentage points, and they can run a lot easier. The amount of capital that it takes for a small no-name currency to go up 500 percent is substantially less than it takes something like a Bitcoin or an Ethereum to double.

I mean, in order for Bitcoin to double, you got to go up another 900 billion in order for a no-name currency that's trading at 10 million. market cap to double, you only need 10 million And that capital flows very very quickly when it comes to a more risk-on environment for the cryptocurrency market. So very, very exciting. We've been on the edge here looking for a strong cryptocycle to the upside and more new highs and we got that in some of the currencies like Cardano, but we haven't really had that in some of the biggest players, so I'm looking forward to seeing this keep attempting and I want to see what happens when we finally do get those breakouts.

Anyways, folks that caps off the video. if you have any questions, feel free to reach out to us below or join us on Zip Trader Circle if you'd like to learn how to trade. With our step-by-step lessons, our private chat, and of course our daily morning briefings where we brief on all the latest catalysts each and every market open morning. Well, I'll go ahead and put a link to Zip Trader you coupon code fudstopper50.

We'll get you 50 bucks off before checkout. If you're wondering what broker to trade these stocks on and you're more of a buy and hold broker, I suggest public you'll get a free stock if you sign up with them below. If you're looking for more of a day trade short-term trade broker, I recommend Weeble. They have two free stocks if you sign up with our link below and deposit.

Anyways, have a great day and I'll see you in the next one.