Ryan (Chumba Casino Narrator)
👤 PersonAppearances Over Time
Podcast Appearances
Good point. It's usually put it this way. If I hear it, it's like a backhanded compliment to the bulls is the way I view that when I hear that. But, you know, most people buy a stock, right? Well, if you buy a stock, someone also on the other side of that had to sell it.
Good point. It's usually put it this way. If I hear it, it's like a backhanded compliment to the bulls is the way I view that when I hear that. But, you know, most people buy a stock, right? Well, if you buy a stock, someone also on the other side of that had to sell it.
And there are something called short sellers, which are people who, in essence, sell a stock first in essence, wanting to buy it back at a lower price. If you hear someone shorting a stock, that simply means they're betting against it. They want it to go lower. Now there will be a certain time when they can't take it anymore, and the market starts bouncing a little bit.
And there are something called short sellers, which are people who, in essence, sell a stock first in essence, wanting to buy it back at a lower price. If you hear someone shorting a stock, that simply means they're betting against it. They want it to go lower. Now there will be a certain time when they can't take it anymore, and the market starts bouncing a little bit.
And there are something called short sellers, which are people who, in essence, sell a stock first in essence, wanting to buy it back at a lower price. If you hear someone shorting a stock, that simply means they're betting against it. They want it to go lower. Now there will be a certain time when they can't take it anymore, and the market starts bouncing a little bit.
Those shorts get scared, and they'll cover, in essence. They'll buy back those shares they already sold. So you think about it, that's like more buying pressure. I say it's like a beach ball.
Those shorts get scared, and they'll cover, in essence. They'll buy back those shares they already sold. So you think about it, that's like more buying pressure. I say it's like a beach ball.
Those shorts get scared, and they'll cover, in essence. They'll buy back those shares they already sold. So you think about it, that's like more buying pressure. I say it's like a beach ball.
you put a beach ball way under the water once you let go it really gets moving and if there's a lot of bearishness out there and a lot of negative sentiments like we've seen obviously the last well really all year to be honest but specifically with a lot of the shorts and things Those shorts cover and that can rally the market.
you put a beach ball way under the water once you let go it really gets moving and if there's a lot of bearishness out there and a lot of negative sentiments like we've seen obviously the last well really all year to be honest but specifically with a lot of the shorts and things Those shorts cover and that can rally the market.
you put a beach ball way under the water once you let go it really gets moving and if there's a lot of bearishness out there and a lot of negative sentiments like we've seen obviously the last well really all year to be honest but specifically with a lot of the shorts and things Those shorts cover and that can rally the market.
Now, what I'm getting at when I say just a short covering rally, the view is that's just a short term bounce. Like they cover, then you're just going to roll back over. So again, it's kind of like a backhanded compliment to a strong day. So again, we think all this negativity has been a positive, but that's what we mean when we say short covering rally.
Now, what I'm getting at when I say just a short covering rally, the view is that's just a short term bounce. Like they cover, then you're just going to roll back over. So again, it's kind of like a backhanded compliment to a strong day. So again, we think all this negativity has been a positive, but that's what we mean when we say short covering rally.
Now, what I'm getting at when I say just a short covering rally, the view is that's just a short term bounce. Like they cover, then you're just going to roll back over. So again, it's kind of like a backhanded compliment to a strong day. So again, we think all this negativity has been a positive, but that's what we mean when we say short covering rally.
Yeah, it's confusing to say, I guess. There's a guy, an old school guy, and people can Google him and look him up. I'd highly recommend it. Named Marty Zweig or Martin Zweig, a famous trader from a long time ago. And he discovered some of this stuff. I mean, he discovered this like 40 years ago, right? This Zweig breath thrust. We'll keep it real simple. You can Google it and look up more details.
Yeah, it's confusing to say, I guess. There's a guy, an old school guy, and people can Google him and look him up. I'd highly recommend it. Named Marty Zweig or Martin Zweig, a famous trader from a long time ago. And he discovered some of this stuff. I mean, he discovered this like 40 years ago, right? This Zweig breath thrust. We'll keep it real simple. You can Google it and look up more details.
Yeah, it's confusing to say, I guess. There's a guy, an old school guy, and people can Google him and look him up. I'd highly recommend it. Named Marty Zweig or Martin Zweig, a famous trader from a long time ago. And he discovered some of this stuff. I mean, he discovered this like 40 years ago, right? This Zweig breath thrust. We'll keep it real simple. You can Google it and look up more details.
But he looked at the NYSE, so New York Stock Exchange, and he looked at how many stocks are going up versus down. And we look at a 10-day EMA, exponential moving average. And again, keep it simple. What we're looking for when this triggers is extremely oversold conditions. So again, think where we were just a couple weeks ago when this market was getting crushed.
But he looked at the NYSE, so New York Stock Exchange, and he looked at how many stocks are going up versus down. And we look at a 10-day EMA, exponential moving average. And again, keep it simple. What we're looking for when this triggers is extremely oversold conditions. So again, think where we were just a couple weeks ago when this market was getting crushed.
But he looked at the NYSE, so New York Stock Exchange, and he looked at how many stocks are going up versus down. And we look at a 10-day EMA, exponential moving average. And again, keep it simple. What we're looking for when this triggers is extremely oversold conditions. So again, think where we were just a couple weeks ago when this market was getting crushed.