🤖YEET no. 33: YEET Wars: A New Cope
Welcome to The Yeet, a weekly DD where we try to tilt the casino...
Hey! I’m @yourboymilt, and welcome to retail’s Sunday Paper.
I should probably let you know...This is not financial advice! We are here to entertain while giving you ideas, perspective, and angles. Do your own research, I prithee. And if you aren’t subscribed, join us here:
Creator/Editor:@YourBoyMilt The Architect: 🧠 Publishing Associate:@YourGirlRachie
Pt. 1: Week’s Thoughts, Pt. 2: Crypto (@YeetSourMilk, @YeetCapybara), Pt. 3: SwaggyStocks Sentiment Read (@SwaggyStocks), Pt. 4: THE METHOD—Analyzing Stocks with Unusual Whales Video Tutorial Pt.2, Pt. 5: Watchlist (Unusual Whales, Kalshi, SpotRAMBO) & Guest Watchlist by @Polo_Papi & @AbuOmegaTrigga, Pt. 6: Index Forecasts (@daarkmaagician ) Pt. 7: TLDR
Editorial Board: @jimengland & @jameoneill
🤖 Pt. 1: YEET Wars: A New Cope
Oh my, how the mighty Bull Rebellion has found themselves scattered amongst the cosmos, weaving in and out of economic news and Covid variants like an asteroid field. It used to be that bulls were firmly in control of the market and, seemingly, all events that could potentially cease the light speed trip to all time highs.
Now we’ve entered a new age as we leap into 2022; bulls are transitioning from an undefeatable Death Star to the scrappy young rebels that are attempting to destroy the bearish doom that looms before us. Some of our recent skirmishes of note have been with the various variants (heh) of Covid-19; it seems that for one Pandemic Planet we conquer, another base is set up on some strangely named new planet.
One would expect this development to render travel a dead investment sector, sending airline bag-holders plummeting to Earth in a fiery crash of Margin Calls. But, as bulls can dashed and dipped among a landscape of perilous YOLO meteors, the Empire decided to pulled a switcheroo that made as little sense as Jerome Powell telling the truth about inflation. Airlines have shot up each day that Covid news grows worse, somehow:
The airline sector is poised for a rebound in 2022, according to one Wall Street analyst, making it a great time to buy in. That has airline stocks that trade in New York soaring higher on Friday, with Delta Air Lines (NYSE:DAL), American Airlines Group (NASDAQ:AAL), Spirit Airlines (NYSE:SAVE), and Azul (NYSE:AZUL) all up as much as 5% during the session.
So we’ve got Omicron, Delta, Flurona, Deltacron, Megatron, and Aragon hunting down our value gains through the darkness with the whizz of tie-fighters, yet somehow the stonks are going up? That may make a bit of sense if it wasn’t for the fact that finding a flight is about as difficult as riding a Tauntaun into the bitter cold of Hoth.
Flight disruptions stretched into their third week on Friday with snow in the Northeast and Mid-Atlantic, prompting high numbers of flight cancellations in the New York City, Boston and Washington regions.
According to FlightAware, a flight-tracking website, more than 2,600 flights within, to and from the United States were canceled Friday. Southwest Airlines continued to be the hardest hit among major U.S. carriers, with more than 520 flights canceled, roughly 17 percent of scheduled departures.
Our previous home and safe haven in the rebellious YOLO battle against the Covid pandemic was, naturally, tech stocks. We’d set up our fortress and launched our YEETs from solid bases scattered amongst the stars in the Techulon System, planning counterattacks from planets like TSLA, SQ, and META. Well now? Our proverbial Tattooine has been left in a shambles.
For the week, the Nasdaq Composite declined 4.6% to mark its sharpest weekly slide since Feb. 26. The S&P 500 index declined 1.9% for its worst week since Dec. 17, while the Dow finished with a more modest 0.3% weekly fall.
A jump in yields, with investors anticipating higher interest rates, put pressure on rate-sensitive sectors like technology and growth-oriented assets.
Ah yes, the confusion and hopelessness of guerrilla warfare amongst a Galaxy of GUHs. Up is down and left is right, and in these planets of peril there’s no safe place from which to fight. The Treasury Yield is rising, our tech calls are dying, and SPY can’t seem to seem set the right sights when it’s flying. Covid and Yields are working in a confusing and profit-crushing tandem, launching an inconceivable sector rotation from the safety of a new base. Our confusion in the cosmos makes sense, however, if we look beyond to the simple battles ahead to the Death Star of The Bear-Pire.
THE FEDERAL INTEREST RATE
The Fed Rate Hike hovers like a giant, gleaming bearer of destruction in the darkness. It’s half hidden in the shadows of the moon, and half-exposed for any trader who wishes to acknowledge it’s truth lying less than a light year away.
“The FOMC could begin increasing the policy rate as early as the March meeting in order to be in a better position to control inflation,” Bullard, referring to the Federal Open Market Committee, said in remarks prepared for delivery to the CFA Society St. Louis on Thursday. “Subsequent rate increases during 2022 could be pulled forward or pushed back depending on inflation developments.”
Bullard, who has recently been among the most hawkish policy makers, endorsed the policy committee’s pivot to fighting increasing prices at last month’s meeting. Fed policy makers believed a stronger economy and higher inflation could warrant rate hikes “sooner or at a faster pace” than they previously expected, according to minutes of the Dec. 14-15 policy meeting released Wednesday.
Float, fly, evade, dash, and screech through the obstacles and turmoil. Avoid the asteroids of news flying at your calls like disastrous chunks of doom. Turn on thrusters to blow past the concerns of Treasury Yields as The Fed feeds FUD after FUD. And, hold tight to your holsters as you hedge and hope that the Death Star is held off for one more cycle.
How will we Bulls destroy it? I suppose the answer lies in next week’s response. New CPI inflation numbers will be released come this Wednesday, and a surprisingly low number may be the last shot we have at The Death Star of a looming and quickening Federal Rate Hike. For now next week Bulls are scattered—hoping, wishing, and waiting for a New Cope.
Welcome to YEET no. 33, brought to you by The Milt-ennium Falcon
🪙 Pt. 2: Tales from the Crypto: Rebirth
by: @YeetSourMilk & @YeetCapybara
Hey guys, how’s it going? It’s been a while since we’ve last spoken. We missed you. Did you miss us? Please say yes. Has anything happened in crypto since we last saw each other? Hmmm… Let’s take a look. Well I guess you could say a few notable things happened. Bitcoin went into the stratosphere and hit a new ATH of nearly 69k (nice) while Ethereum joined the party with a new ATH of nearly 4.9k. Many of us cryptoheads were rejoicing and proclaiming that Bitcoin hitting 100k and Ethereum to 10k would happen in the near future. We were rightfully aroused and the crypto love fest was a sight to behold. Many of our plays listed in previous Yeets paid well if you happened to sell when the bull market was in full-swing. Did you sell? We hope so. Because, um, things have changed a bit since November.
Should we look at some charts? No? Alright, that’s cool, we don’t have to. JUST KIDDING LET’S SEE SOME BEAR PORN.
BTC Daily Chart
ETH Daily Chart
Alright, everyone take a breath. How do we feel? Let’s talk this out. Bitcoin has looked bad since its November highs. As it currently stands, BTC has dropped roughly 41% in just two months. Ethereum hasn’t fared much better, dropping 37%. Bitcoin rests on a critical level, briefly testing the 40K support this week but thankfully (if you’re bag holding) popping back up. In the same vein, Ethereum swung on a crucial 3K support preceding the bounce. BTC must hold the 40k support level, if it does not then it will likely return to chopping in the 30k’s and drag Ethereum down with it. Both RSI’s for Ethereum and BTC on the daily are deeply into the oversold zone. For these reasons we think a relief bounce is likely in the future.
What caused the massive selloff? We can speculate on a few possibilities. The first logical explanation is institutions and private investors de-risking and taking profits. People who bought crypto in the summer made bank on the run-up and cashed-in during November. Pretty simple, but there is more to the story that helps explain the bloodbath we’ve seen in crypto especially in the past week.
The whole crypto market has been on it’s way down since mid-November, long before December's Fed minutes were released last week, but just as other speculatives took a hit, crypto was spared none of the pain. But there’s another player here that likely compounded a falling price - Yep, you guessed it…Kazakhstan. Oh, you didn’t guess Kazakhstan? Well here’s a fun fact: Behind the US, this small Central Asian country with a population of just 19 million people is actually the second largest hash-rate contributor in the world, clocking it at approximately 18% of global BTC mining power. Amidst mounting civil unrest the country experienced a nationwide internet blackout on Wednesday the 5th. Now while the technical implications of this don’t necessarily warrant a price bludgeoning (there’s still plenty of hash power to keep the network up and running), almost a fifth of global hash power being taken offline, quite literally overnight, certainly doesn’t make for positive sentiment. This is not unfamiliar territory for crypto, of course. In April of 2021 China cracked down on mining and the markets responded in some bloody ways before bouncing back to see these recent ATHs - but at least in the short term, this slump has some substance and enough catalyst to warrant this horny bear party.
Altcoin Plays
After all this good news, who’s ready to go shopping? The market is shitting its pants at the moment but scared money doesn’t make money. There are some great coins at discount prices.
Let’s go!
Loopring (LRC)
LRC is the native token which powers The Loopring Protocol, a layer-2 Ethereum solution that provides fast and scalable decentralized applications (DApps). LRC gained popularity after there were reports that Gamestop would partner with the Protocol for its upcoming NFT project. The now famous Reddit group, Wallstreetbets, got ahold of this rumor and the token price soared roughly 120% after the news got out. Since the market is in the shitter, LRC has dropped to some very attractive prices. Chart time!
Entries: 1.62, 1.56, 1.44, 1.38, 1.32
Exits: 2.00, 2.13, 2.32, 2.50, 2.72, 3.00, 3.37
Ethereum Name Service (ENS)
ENS is a name and lookup service built on the Ethereum blockchain - its practical use is easiest explained with the following hypothetical:
Say you’re having a meal with your savviest crypto buds, you pick up the bill and tell them they can pay you back in crypto. But one wants to pay you in Doge, the other in Ethereum, and yet another with a sick NFT that’s sure to be the next CryptoPunk #7804. Traditionally, you would send them each an appropriate wallet address, made up of a lengthy string of hexadecimal characters that doesn’t quite roll off the tongue. But with ENS you can create a single nickname for a collection of your own wallets and send a link to it, like “theYEET.eth”. It’s a pretty nifty solution to a long-standing awkward achilles of crypto and with over 620,000 names already registered, the project is showing a lot of promise.
Entries: 27.30, 27, 25.10, 22.6, 20.15
Exits: 30.5, 34, 38.20, 41.80, 44.90, 49.30, 54.90
Crypto.com Coin (CRO)
Hey, you want to go watch the Lakers tonight? They’re playing at the Staple… Err I mean Crypto.com Arena. With an ad budget like you wouldn’t believe, Crypto.com has made quite the splash in the minds of basically anyone with eyes and/or ears. Crypto.com’s crypto coin is ummm…well it’s a thing…despite its mild lack of creativity, it is a fairly practical Ethereum token used to power Crypto.com Pay. Think Apple Pay, add cash-back-rewards, then don’t forget to think Crypto.com…The important part here is that Crypto.com isn’t going away anytime soon if their marketing department can help it (and they can) - Crypto.com has strong brand recognition, and we think Crypto.coms crypto coin is a buy here while the market is in a slumpy red stage.
Entries: 0.453, 0.44, 0.417, 0.40, 0.38, 0.3675 0.3475
Exits: 0.546, 0.5675, 0.59, 0.63, 0.66, 0.68, 0.72, 0.7727
BONUS NFT PICK
Degen Games
https://twitter.com/degen_games_sol?s=20
https://www.magiceden.io/marketplace/degen_games_dice_game
You may be wondering where we’ve been the last few months. I’ll be honest: your boys are balls-deep into NFTs. If you have happened to look at my Twitter (@YeetSourMilk) you’ll see I am a big supporter of one project called Degen Games. What is it? It’s a utility-based NFT in the Solana ecosystem where holders of the NFT get daily payouts in SOL from the fees generated by users playing the games on the site. Degen Games will offer games such as dice, rock paper scissors, and Russian Roulette. A similar project, Degen Coin Flip, has a current floor price (the cheapest price) of 69 SOL per NFT. Degen Games currently has a floor price of 9.85 SOL per NFT. In our opinion, Degen Games will be the best project of its kind in the market soon. The team behind the project has shown dedication to their NFT holders and is extremely creative with their ideas and future plans for the project.
Let’s zoom-out a little
This isn’t a fad. People have always and will always gamble- Solana will keep the casino NFT's because of gas fees being nearly zero and fast transactions. Crypto casinos cannot migrate to Ethereum because gas fees would make it impossible. Solana NFT's are still small scale compared to Ethereum- but wallets like Phantom are going to come out with mobile versions hopefully this month which will increase user base and the money that flows into these casinos. Dudes are going to be able to play dice on their phone while sitting on the toilet. There are also rumors that Opensea will start accepting SOL- if that happens there will be a massive new audience exposed to Solana NFTs.
That’s all for this week everyone- until next time!
🥸 Pt. 3: Social Sentiment - Crypto
Contributor: @SwaggyStocks, SwaggyStocks' Substack
What’s up everyone, your boy Milt handing over the mic to your boy Swaggy for this segment.
For any of you crypto nerds that just need to know which cryptos are hot or if you’re looking for the next crypto that might pump, Swaggy has your back. The most popular meme-stock tracker has just launched a complete revamp to the crypto sentiment. What do we have?
Trending Cryptos by Social Volume
We all know of the main crypto coins, such as Bitcoin and Ethereum, using SwaggyStocks social crypto tools, you can find up-and-comers and new coins that might finally make it main stream. Cryptos are very known to be very volatile, however, getting on the right ones early can be very rewarding. Let's check out some of the trending crypto currencies.
https://swaggystocks.com/dashboard/crypto/best-cryptos
Which Cryptos are Gaining or Losing Steam w/ Social Chatter
Next you'll be able to find which cryptos are moving with social sentiment and volume, whether up or down. Has the crypto coin changed from a social rank of 80 to top 10? You'll be able to spot large changes in social chatter and see what the reason is behind the move.
https://swaggystocks.com/dashboard/crypto/currencies
Oh yeah, and don’t forget to sign up for the SwaggyStocks Substack where he breaks down his social sentiment data each week.
🐳 Pt. 4: THE METHOD—Analyzing Stocks with Unusual Whales Video Tutorial Pt.2
Here is a less than 10 minute video we did on how to break down Unusual Whales plays thoroughly. Next week, we will dive into each component of what was done separately. For now, take a gander and take notes! There’s some key information here you may find helpful in your Whale Hunting :)
👀 Pt. 5: The Watchlist Picks & Guest Watchlist
Made possible with help from the @unusualwhales Alerts and Flow Tool. Sign up here!
With Guest Watchlist by: @Polo_Papi & @AbuOmegaTrigga, and Special Picks from: @EagleGroup & @JustForestGang
🔒 Kalshi Intriguing Play of the Week: December Inflation Numbers
Inflation numbers drop this week y’all! If you’ve noticed the price of a Gallon of milk now costs roughly the same as an XBox, this right here is easy money. Kalshi has a variety of numbers to trade on—I myself am spying the “above .7” yes as a safe way to play it. Don’t mind getting $250 back on a 1k spend for that—don’t mind at all.
🔥We’re running a competition y’all!🔥
This week, The YEET is paying the 5 users who make the most money on Kalshi legit cash prizes. All you have to do is send a screenshot of your account load, moves made, and current account balance to spotrambotrades@gmail.com by next Saturday at midnight PST. The competition begins TODAY with The YEET’s publication.
Competition Rules and Payout:
Must have your screenshots in to spotrambotrades@gmail.com by midnight PST Saturday January 15th.
1st place - $250
2nd place - $125
3rd place - $50
4th place - $25
5th place - $25
🎯RAMBO to Watch
Events Catalysts listed daily at The YEET’s website—spotrambo.com
RAMBOs are investor Relations And Meeting Buy Opportunities, or in other words stock catalysts outside of earnings (such as Investor Days, Analyst Days, Product Launches, Conferences, and more!).
🎯RAMBO to Watch: Monster Beverage Hosts Virtual Investor Meeting
The Queens Watchlist—guest watchlist by @Polo_Papi & @AbuOmegaTrigga
“Sending this one out, to my man M-I-L-T. No doubt indeed.” RIP Prodigy of Mobb Deep. As you can tell Queens is in the Yeet this week. Welcome to the first and not the last watch list from TriggaMatic Brothers @Polo_Papi and @Abutheomegatrigga. Here are a few ideas we will possibly be trading this week. The analysis is built around price action of a stock with confirmation from Unusual Whale data.
For your listening pleasure we curated a Spotify playlist of some of our favorite artists from Queens, NY. We all need a soundtrack while trading.
Call Entries are in green with targets marked above to start scaling out and/or leave runners. Put Entries in Red with targets to follow. Yes the targets all have unique names of songs from Queens hip-hop artists. Queens Get the Money, now onto the ideas.
1. FCX
First idea and my favorite for next week is $FCX. The ticker gapped up nice to start the year and after pullbacking we see it trading at a nice level to run again. Huge gap to fill from that $42 level so trailing stops will be key to avoid giving up any profits depending on market conditions.
FCX Chart:
FCX Flow: lots of Volume on the 1/14 455c, overall flow bullish
Interested in 1/14/22 $42C $45C 1/21/22 $42C or 2/18/22 $45C
2. AFRM
Next up we have $AFRM, if you were bullish to start 2022 I know this ticker has been stressing you out. We think the drought will be over soon, this dip is very attractive for buyers to step up and the flow supports. February 18th calls are the hottest right now, so this trade will require PAYtience.
AFRM Chart:
AFRM Flow: huge increase in Open Interest on all strikes, indicating a move coming.
Interested in 2/18/22 $95
3. ABNB
The last pick for this week will be $ABNB. The stock took a huge beating toward the end of last week. There is a huge gap to be filled if buyers step up. Breaking out from the $166 level we can see calls printing. It’s quite choppy below so I will not entertain puts unless we see $ABNB hold below last week lows. According to the Unusual Whale data you can trade this either way, highest OI on the $200 Call followed right behind the $170 Put with 1/21 expiry.
ABNB Chart:
ABNB Flow: The volume on the 1/14 170c was intriguing on Friday, and we’ll be watching to see if it holds at into Monday.
Interested in 1/21/22 $175C or $180C along with the 1/22/22 155P
“I’m trapped in between two worlds, trying to get dough” - Havoc
Bullish or Bearish we are going to eat.
🦅 Eagle’s Pick: AMGN Calls
Check out his Substack! He has four more plays listed for THIS week!
🦉Forest’s Pick: LCID Calls
Pt. 6: Weather: SPY & QQQ Forecast by @daarkmaagician 🌦
Below is the chart & info for a SPY & QQQ forecast from @daarkmaagician, his DISCORD is the place to be (YEETers get two weeks free!).
SPY/QQQ Charts Legend:
Solid Blue= ATH, Green= Dark Pool Buys, Red= Dark Pool Sells, Purple= Dark Pools, Orange= Supports/Resistances, Teal= 9ema
SPY Forecast:
SPY Charts:
QQQ Forecast:
QQQ Charts:
Make sure you follow @daarkmaagician to get updates on the indexes daily!
Pt. 7: TLDR & GOODBYE ✌️
TLDR:
Pt. 2: Crypto Analysis
Pt. 3: Tracking Social Sentiment and how it can play a major role in the direction crypto is moving w/ SwaggyStocks.
Pt. 4: THE METHOD—Analyzing Stocks with Unusual Whales Video Tutorial Pt.2
Pt. 5: Watchlist
🔒 Kalshi Intriguing Play of the Week: DECEMBER INFLATION NUMBERS
🎯Spotrambo Pick of the week: Monster Beverage Hosts Virtual Investor Meeting
👀 Guest WatchList: FCX, AFRM, & ABNB
🦅 Eagle’s Pick: AMGN
🦉Forest’s Pick: LCID
Pt. 6: SPY & QQQ Forecast by @daarkmaagician
Goodbye and thanks for reading! Questions, scoops, comments @yourboymilt or /u/alldatdalton. See you next week! ✌