The federal government on Monday announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit. The price is higher than the previous rate of $2.18 per MMBTU. In Nigeria, Mistream and Downstream Petroleum Regulatory Authority, NMDPRA pepped the cost of commercial gas at $2.92 per MMBTU, up from the previous cost of $2.05 per MMBTU. The announcement was signed by the Chief Executive and NMDPRA for Ruka Med. Recall that the multi-year tariff order released by NEC in January 2024 for the electricity distribution companies was calculated based on the previous price of natural gas. Gas producers, including international and domestic oil and gas companies, are repeatedly called for the upward view in the price of the product, stressing that this would be an incentive to ramp up production. In the announcement of Monday, Ahmed said the Petroleum Industry Act 2021, assented to by the President of August 16, 2021 and gazetted in August 2021 provided a clear regulatory framework for the determination of a market-based pricing regime for the domestic gas market. The NMDPRA boss further stated that the latest action was taken in line with Section 164, the third and fourth schedule of the PIA 2021, which mandated the regulator to determine the domestic-based price and the marketable wholesale price of natural gas supplied to the strategic sectors. He said, quote, the DBP and the marketable gas delivery point under sector 1671 and other provisions of the PIA shall be determined based on regulations which incorporate among such other matters the following principles. The price must be of a level to bring forward sufficient natural gas supplies for the domestic market on a voluntary basis for the upstream producers. The voluntary basis by the upstream producers be the price shall not be higher than the average of similar natural gas prices in major emerging countries that are significant producers of natural gas. See lowest cost of gas supply on three-tier cost of supply framework. The market-related prices tied to international benchmark, unquote, the NMDPRA therefore emphasized that it had set the, quote, 2021 domestic-based price at $2.42 per MMBTU and wholesale prices for natural gas in strategic sectors following consultations with stakeholders and in compliance with the PIA and gas pricing regulations, unquote. Joining us is the Public Affairs Analyst Wisdom Chap Jumbo and a power systems engineer who is also a fellow of the Nigerian Society of Engineers and fellow of the Nigerian Institution of Power Engineers, Dr. Iduu Uyebando. Gentlemen, welcome to PlusPolitics. Okay, let's start from the studio. How would you want to kick-start this conversation from the recent development relative to the review of the MMBTU pricing of gas to the reflections that the parties to this distribution companies are now incorporating into their tariff tariff systems across a defined band of of their customers that would want to kick-start this. I think since you are now spent by the regulatory, I think it has hit everyone with different mixed feelings. Some people have been in shock, if I would say, about the increase, but you must realize that maybe some of us saw this coming. Of course, gas, our power takes more than 75% of it needs gas to work. So we see this coming at the end of the day. But I think the major problem which Nigerians have is especially those who are willing to pay, who are in the band A. Like the regulatory said, this new tariff will reflect only on customers within the band A. So what does that mean? Band A means that if you are in the band A, you receive at least minimum of 20 hours of power in a day. I'm not sure that many people will say, oh, how do I even come into this because I don't even see the 20 hours of power a day. But we saw this coming and the only issue or concern we have here is if we pay this new tariff, are we really going to see the power? That is the main concern. Dr. Yebanjo, as controversial as the issue of tariff hike may be, the necessary question is, is this the silver bullet that will bring about consistent power supply by the Nigerian electricity architecture in the fact that the power generation entities are different from the transmission entity. The transmission entity is different from the distribution entities. So is this the silver bullet to kill the leviathan of darkness in Nigeria? Thank you very much. Thank you very much for that question. To answer that question. No. So of course increasing tariffs is a short-term situation. Offering when we get to a station whereby the tariffs will now go down. But the main thing that can help Nigerians now in terms of uninterrupted power supply or increasing on terms of power supply to businesses, homes, offices, to industries, residential consumers, commercial and industrial consumers will be the full implementation of the Electricity Act 2023 as amended, which was signed into last year. And the decentralization of the power system such that we have states having their electricity markets, regional markets will exist and then the national market will take care of those states we are unable to start their markets. This will bring renewable energy systems. It will bring private sector investment and also investment from the federal government. All of these will work together to give us the silver bullet as we put it that will help us to have a consistent improvement in power supply. Having said that, the discussion you have raised in your introduction, very, very low. You talked about increases in price of one of the very important commodity gas for the power sector. So as a result, the Nigerian literature regulatory commission has had two increased studies. But for band A, this has pros and cons as you have mentioned it. So we have to also deliberate on the cons, the disadvantages and what needs to be done to mitigate debt. Thank you. Thank you very much. I am sitting here as a Nigerian who has seen over the decades I have lived in this country a continual deterioration of the quality of power supply. And like the good doctor just stated now, we may just be dealing with eczema talking around this price tariff hike when we may seem to be leaving the skin cancer yet to be attended to because it is obvious that this tariff hike will not be the final solution. The doctor made some suggestions consistent with what the Electricity Act 2023 announced. But I am sitting here now that I don't see the sensitization. Would they still indeed even the doctor spoke around state governments galvanizing their local markets in their state for power generation transmission and distribution, which has been decentralized. But I am one who believes that with proper sensitization and this is the question for you with proper sensitization, you and I can form cooperatives. We can have private concerns. We can have people who live in estates, in the estate that I am going to be sleeping in today. Almost 90% of us function on solar, minimum of 5kg solar. And it is even ironic that we may be wasting power because sometimes we generate more than we need but because we function in silos. Power that could be accumulated and indeed for us to get some recompense as it is done in some other advanced power markets where you generate independent power, you pass on the national grid calculate what you have used, deduct it from what you have supplied and sometimes give you. So I am sitting here thinking, are we even going in the right direction because I don't see the sensitization from enlightened people like you from the media, from professionals like doctors, we are still talking the government. Government. I think that's a good observation really and I really must agree with you but however yes we are looking at the government because I think in this conversation the government needs to take a lead in this conversation of sensitization. Though there are many talks everywhere, many programs, many just like this raising the issue of power and the issues around it. Now that's why the electricity act of 2023 solves this problem a lot given the power to states and like doctor said when we begin to decentralize and begin to implement this act we start solving this problem because states will begin to drive a lot of these conversations, that's what the act is empowering them to do drive this conversation, drive the policies so far so good now but for how many states now, just a few states have been able to create their own markets and create their own policies. No, they have only domesticated the law. Yes. That's not creating market. That's one way they've created the policies to create the market. Maybe doctor will speak more on that but what I want to say is this is where the state government will also take lead and this is where also the regulator which is NEC will also take the, you know, through the government and go take the lead on it. We need to keep talking. The issue of power affects everybody. The issue of power, it's a problem to everybody. It's been more than 60 years. We have been struggling to fix the issue of power. So we keep these conversations going but yes we think we're looking not to government but government must take the lead on this. We must see them also trying to, you know, take that sensation down to the home. We have the Nigerian orientation agency that is also there. What are they doing? What are the conversations they are having, you know, as regards this is my own thinking. But yes, we need to keep pushing. We are making a good progress so far. That may sound very controversial to some of the people watching you at home. You know, Mr. Jumbo. Doc. Doc. Dr. Oyebanjo. Yes, I'm with you. To the best of you. I'm enjoying you. You are making very good points. I'm really enjoying both of you. To the best of my understanding. Thank you very much. To the best of my understanding. There is another segment of this show that I have rested for a while now. To the best of my understanding we are building on an infrastructure that was conceptualised in 18, conceptualised and delivered in 1863. A central grid. And I'm sitting here now knowing that people like yourself do not only practice in Nigeria, you literally function across the world. We were once positing that it was the statute that was choking, that was essentially the primary problem of the system. Now we have a statute that allows for organic federalism in power generation transmission and distribution.  Methodically. Okay, thank you very much. The honourable minister of power is already doing a lot of advocacy and making sure that the import of the electricity act fit us down through the system. Immediately he resumed office, he has been able to organise a 3D retreat where he brought together all stakeholders relevant in the power sector and to brainstorm on what needs to be done. So I am aware that he communicated with the issue shortly about that. He has also communicated with state governors, he has spoken with all the honourable commissioners for energy, power or related services in every state, trying to governise the momentum. You see, just as you have said, as well as the analysed jumbo, you are correct, there is need for the media as well as CSOs and various organisations, professional bodies. They should be at the vanguard of this message of electricity act. Like you took us back in history, the Nigerian power sector followed the development in the world when America started as well as Britain. However, once they started developing and making progress, we did not make significant progress. In fact, I will say that for a country of 200 million plus trying to use 3,500 MW is absurd. It is in the 1920s situation of the UK or the US which is not good because they ramped up from those small levels and then moved significantly to about 65,000 MW of demand today in the UK and generation capacity of upwards of 70,000. So for Nigeria today, where we need to be, we need to have about 40,000 MW of generation, 35,000 MW of transmission capacity, wheeling capacity and then 30,000 MW of demand based on the studies that I have done. Now, we are not there, we are even far from there. So the fastest way, the fastest way, the fastest way, I have repeated it till the time to make Nigeria get industrialized is through decentralization. I speak as a professional. So when I speak on power systems, having done it as my BSE, my MSC and PAG and having worked for over 25 years, having worked significant period of this inside a UK power system that worked when I am saying these things it is not a fast, it is not as a result of conjections. You have to decentralize this kind of network. It is not that it is too massive, it is a small network compared to other networks but because of the factors, Nigerian factors that have affected us over the last three years, the most logical thing for Nigeria and the most correct solution for Nigeria is this decentralization. What we are doing, for example as part of our advocacy in Aid Fund Power Consultants Limited we are approaching the state government, we are helping them, we are synthesizing them just as you have said to at least domesticate the law. We are working them through the steps required to not only domesticate the law, prepare the bill and pass the bill and then get the right people in the electricity commission for the state and then develop the market that will make consumers be happy. If a power system does not make consumers happy if a power system brings apprehension if a power system brings anger it is not a power system that is functional. Thank you very much. We need to move from my take now We have built a culture of recriminations in the power sector. Everybody finger pointing at the other person but given contemporary developments in the power industry worldwide the fact that China has helped to crush the price of say solar panels the fact that the alternative energy solutions out there beyond even solar many in the south west I have a friend who just returned from the UK and at the last count in the south west of Nigeria alone about 200 plus bodies of water that could be used to generate hydro power at the very local community level to some even as far as states original state original levels and I'm sitting here Power is one of the reasons why sometimes some doubt the fact that if we negrote species of the homo sapiens whether we are really human beings because we always have the issue of power in all the places that we habitate and the irony is that I never knew the manner there even once worked in the UK the irony is that I lived in the UK and I know that in a place in northern England one of the few places where they are generating more than 12 megawatts of solar energy the person that coordinated it was a Nigerian engineer we do it when we are in England and yet there is something about us I will tell you something in the last four years I have been within the solar space energy access space and all of that and I can tell you Nigerians are really brilliant I have seen quite a lot of technologies a lot of innovations especially from young people I spoke to a guy one time he had created some towels if you step on it you can generate power so if you put it in a shopping mall as in kinetic energy food falls if we have it in our shopping malls we are very busy when people walk around so the innovations are there and young people are driving this so I think one of the issues most times they have suffered is the right kind of funding to support them there is a section of that act that was dedicated to renewable energy where that act has given for example NEC the power to promote renewable energy sources as part of our power mix or energy mix in the country we need to leverage more on that so one big issue is funding you meet a young chap now who has created something very innovative but the issue is struggling with funding or maybe some companies are already supporting them so we need more support in that area to fix our power issue so what we need to do going forward now as we plan to solve this problem of power is to support what we have now with some renewable energy sources or some alternative sources like I said there are a lot of them and we need to constantly promote that we want to see from all angles the right kind of funding available for them to be able to fund some of this project to be amazed there is a lot if I begin to talk about them but again for the sources like solar we need to even make it more accessible to more people we need to make some communities you go there all you need is a mini grid to power them and I've been to a lot of those communities especially down south I went to a community called Mekie in River State and they've never had power all their life but there's a mini grid there which was installed some couple of years back and that is what the community is leveraging on and now with the new act we see that it is promoting and supporting some of these additional sources we need to give that that's why when the state government begin to drive this themselves some of these communities we want to see them use solar or all these other renewable energy sources to drive them let me let me compliment let me briefly collaborate sorry collaborate what you say I was once in a hotel in Abuja and is it and as it is my want I always like to do a stretch of my leg especially after I haven't been airborne so I decided to walk five kilometers and I was shocked that in Abuja we says on seven there was a body of water it was not a rainy day there was a body of gushing water and I was telling myself that you know what the hotel was burning diesel and look but you see in Nigeria there is one agency that is in charge of bodies of water with some people some bureaucrats who are still looking at the back of the fire there was last time in the 1960s you know yes I know and so what is doctor I think about time I came to you you know why I need to come to you at this juncture because I can imagine the degree of frustration somebody like you will be feeling sometimes having been exposed to best practices is not the most power generation and transmission developed markets in the world and yet when you are back in your in your natal and ancestral home we are where we are sometimes how do you cope is sometimes can lead somebody in the direction of seeing you know going on the psychologist you know the chair yeah thank you very much so one of the one of the most important things for power systems engineers like myself is that we have been trained to solve complex problems so whenever we see complex problems we know how to tackle them if we are giving the right environment our environment has to be one that is conducive for us to provide the services that's the way we are trained to look at problems and solve them having said that from what you two have said this evening it's clear that the federal government made the good decision the correct decision to decentralize the system because as you have said there are various sources of energy per state this will happen once you decentralize the state is in charge the people in the state investors will come in if the environment is made right by the state government investors are ready to partner with that kind of young person that needs them to spoke about a while ago we have various resources in the northern part of the country you have hydro, you have solar you have even gas maybe so you will use this energy electricity in the south east you see you saw what happened in february march also from february 2016 was launched in aba abia state in an integrated power plan project by geometry you saw the IPP at aba and this will serve a franchise area in aba and look at people are now moving to aba industries are now relocating to aba they are going there they have started from what we hear to enjoy an integrated power supply so many states will do the IPP once you decentralize properly once you make sure we decentralize these things will happen the solar you talk about you will sell your solar to the grid it's already written in the act if one of you in your state generate so much electricity we call you prosumer a prosumer is a person that is both producing electricity consuming it so you are a prosumer in your state if one of you aggregate this electricity you can even as individuals sell to the grid this will happen it will happen when you decentralize then when we go and support the government of the states one after the other to say look this is the implication of the act this is what you need to do and once the citizens continue to engage their their government this will happen IPPs this will spring up in Nigeria once we decentralize but currently what the federal government is doing is a light up Nigeria program so if you remember in October 2023 there was a light up Agbarra project by the renewed hope agenda of President Shinobu but this has been uncalled under the office of the vice president it was launched there and with NDPAC NDPAC as well as NRX1 and other private investors they are doing to be involved in providing electricity to industrial clusters in February also on the 20th of February this year the vice president went to in what we call the light up southeast project this one aims to also take the industrial clusters in the southeast and make them viable and make them to be able to have electricity that can make them have competitive manufacturing capacities so power is an enabler without power there will be no economic development look there is no country in the world that you see that has developed and we like to go on holidays there and make them a reference that didn't start by building a power system when we are doing power system 101 the lecture says the first thing a government does is to build a power system and that's talk with me the first thing you do if you have a piece of land and you want to form a government yet the first thing you should do is a power system I don't want to sound I don't want to sound as though I'm a cleric but even one of the great books tells us that the first thing that the creator did was let there be light and I wonder why we have decided to live this long in relative darkness I'll come back to you dog before we wrap up we are where we are now we are trading on ideas but I'm feeling sitting down here I'm feeling that it is incumbent more on people like myself people like yourself in the like I say the Charterati a stratum or class of society people like doctor who have seen it work in places where you know it's been demystified is now incumbent on us to find a synergy like this program is providing to enlighten an average Nigerian watching that there is nothing mysterious about having consistent light I agree and that's why I like to see in the last few days all over the media there has been constant conversation around these issues I ran a program for nearly four years trying to let people understand that this isn't working you can have this alternative and it is possible to work because there is so many misinformation out there some people say for example, solar is expensive and they have never got to price one before you understand so we need to that's why the media even if it's I'm going to where we sleep I have no anxiety about power because I know that the power even if it's expensive up front we need to constantly that's why the media plays a key role we need to constantly talk about these things we don't know even as we're having this program now we may have just misinformation to somebody and I noticed this over the last couple of years I have been doing this myself people call and you let them know you'll be shocked that there is just so many misinformation there and when you are able to inform them properly you understand that changes a lot for them having power 24 hours it's not a mystery it's a basic it's a basic thing that you have if you go to Ghana if they would take the light they are going to call you you are going to see notification if Ghana can do it why are we struggling with this so the media plays a key role in this and we shouldn't get tired we need to keep talking and talking and passing that information that's what I take on that doctor we need to be coasting home now and I would want to enjoy you to have a direct conversation with people at home and just let them know that from the micro from the nano to the micro to the medium level there may be a lot there may be just a lot that people can do from power from power or lighting up their rooms to lighting up their say home state to lighting up their say neighborhood if they function in a very collaborative community you want to be talking to those ones because professionals like you almost end up having to talk to governments you know ministers but at the end of the day the paradox of the parasitation in Nigeria since I've been born and I've been conscious is that people solve that problem more for themselves than from a central utility how would you want to wrap it up sir well thank you very much it has been a very important discussion and I've learned a lot from the contributions that you both have made as well as wisdom and we say that as enunciated before now let the citizens take interest in the matter of power system it's not easy, even in the UK citizens don't really have time to understand what is power what is some people don't even know where they are and what band they are and things like that because it's not easy so one thing that we must do is to decentralize I have said that a number of times when the electricity market in the states has set up meritocracy must be one of the most important things that will function without a system of meritocracy without celebrating meritocracy over metocrity you can never have a power system having said that collaboration is important the state government will create an enable environment for private investors private investors will work with the existing discourse by doing the franchising model by building in the integrated power plan project it can even be 10 megawatt solar it can even be 5 megawatt it can be as 20 megawatt we need all of these pockets of generation distributed generation without them we need them to be able to make power available first in the state any excess can be sent to the regional grid any excess can be sent to the national grid and that is how Nigeria can only develop Nigeria cannot develop with this centralized system of power system function so this time what we should be doing should include metering all customers making sure all customers are metered coordinating the implementation of the electricity act doing independent power plants doing this light up Nigerian project and joining the effort of Siemens project which FGM power core is actually pioneering by investing in the infrastructure of the Nigerian landscape there are small small things I remember a feeder in Akute in Lagos southwest Nigeria the Akute area has just little thing that you need to do to the feeder to make power available there are certain things that will be possible when we decentralize if we don't decentralize they will not happen the people in Akute will even go to bank if these minor tweaks or things are done so this also applies to several places in the country all we have to do are minor things that will get us there but knowledge is power knowledge is power knowledge is power is unfortunate that time is not our best friend on the program but having said that you having mentioned Akute I was actually telling I am championing a 200 unit estate with some of my friends I started a cooperative in England and I told them I am integrating power into it and they were initially surprised and I said you know what ironically look at Akute the first major body of water that allowed the white people to enter southwest Nigeria Ogun river from the Lagos Lagoon to Ogun and that water is still there now literally being polluted at Kara by Bakau Dong that is what we do now for even some of the assets with historic value to us and ironically look at the role of Kanji and River Niger even in the power configuration that we have and yet we have bodies of water littering our neighborhoods and we just live as though only NEPA only BACN only disco only JEMCO thank you very much sir we look forward to having you on some other time thank you for the enlightenment opportunity from you thank you sir thank you wisdom you need to wrap it up in a way that engages the people you are here for you are not here for me the viewers I would just take this one and this is the camera I guess I would just add to say I know the recent hiking tariff is tough but I want to say I think the Nigeria Legislative Regulatory Commission has shown some some way of support by providing required information I read just this evening I saw an FAQ that they have published for more information on everything we need to know about the tariff I want to urge everyone to go and reduce FAQs and involve them and also they just placed a final one of the discourse of 200 million for placing the tariff on all bands so I see some monitoring happening which will give us some confidence which is actually what we need equip yourself with more information about this also some numbers have been shared let's be able to engage them so you used to show me there also and make sure that if we are paying for this we are getting it if we are not getting it we want some sanctions on those discourse who may be in any way short changing us by not doing what they need to do the citizens need to engage more that's what I want to say because I know everywhere now there's so much concern on this increase in tariff but let's see how that goes but let's continue to engage next it's just a message I want to pass to everybody without wanting to sound patronizing if anybody was in doubt that your name happens to be wisdom thank you very much thank you so much Mola really appreciate you this is where we call it a wrap we may soon be doing the historical epilogue segment that we used to do on this program given historical perspective to some of the some of the topics that we engage with I am Bola Oba have a good evening


Internal Revenue Service IRS tax news. Letters about third round of economic impact payments issued, important steps to take for missing payments and corrections. But first, an attempt at a joke, I apologize in advance. The press's most recent deceiving catchphrase about the president seems to be that he's super cool. However, suspicions happened had that this is simply clever, deceptive wording for the fact that the president is actually quite cold, both in terms of policy based on principle rather than power politics, and literally, is the president cold? Oh no, no, no, not according to the press, not cold, but super cool. Words matter, don't you see, and it's our job to use words to deceive. IR2022-72, March 30th, 2022, Washington with the completion of special mailing of all letters 6475 to recipients of the third round of economic impact payments. The Internal Revenue Service reminds people to accurately claim any remaining third round stimulus payment on their 2021 income tax return as the 2021 recovery rebate credit. I love how they call it up here. It's a special mailings of the letters. I think it just went through the normal mail. I would guess, but in any case, it's a special mailings. So you might have gotten the letter 6475, quick recap on what the stimulus payments are, how we deal with them with regards to the taxes. We had three stimulus payments that went out. The first two are tied to the 2020 tax return, not the current one we're focused on here. The third one is the one that's tied to the 2021 tax return. And you can think about the economic impact payments, the stimulus payments, whatever you want to call them, the checks that were sent out to basically everybody by the government as free payments of a credit that they made up and put on the tax return. It's similar to what they're doing with the child tax credit now. So I think that one's easier for people to comprehend because we've seen the child tax credit before and then they gave out the advanced payments and they called the advanced payments, advanced child tax credits, which is indicating in the name what they are. Whereas the stimulus checks don't have that. We didn't have the credit on the books before, which is called the recovery rebate credits. We made it up last year in 2020, continue it on to 2021. And then they called the pre payment, the stimulus checks or the economic impact payments, and they called the credit, the recovery rebate credit, which don't sound similar at all. So it doesn't even seem like they tie together. And if you got the proper amount of the stimulus checks, then you won't be recording any recovery rebate credit typically because you already got the pre payment and you got the full amount of the pre payment, which means most people probably won't even be dealing with the recovery rebate credit. It's only there as a catchall, a fix, a tool to use if there's something that went wrong with the economic impact payments. So that means you should have got your economic impact payments. If you didn't get your economic impact payments, then the tool to fix that, to recover that is to use the recovery rebate credit filed on the 2021 tax return for the third economic impact payment, not the first two. Those then the fix would be to file the tax return for 2020. We're looking at the third one, and that would be the fix for the recovery rebate credits on the 2021 tax return filed in 2022. So that's the general rule. Now note that the IRS is having problems with this. They knew they were going to have problems with this because of the confusion. We just basically talked about and they saw the backed up returns that happened from the prior year from people not properly filing and recording the recovery rebate credit. So that's problem is continuing this year. They're going to get backed up because this is a new thing and you got the three payments which are confusing. And then they did the same thing with the child tax credit, which is kind of confusing because no one's ever seen that before either. So you want to make sure that you're recording this properly or it's going to delay most likely the refund because it's going to require manual processing. And they're backed up on returns with the manual. If it takes a person to look at it because of the COVID stuff and everything and that, you know, they restricted social distancing and working from home and all that kind of stuff. So you want to get the tax return right tax software is helpful to do it. Remember that you're looking at the third round economic impact payments. You shouldn't have to really do anything with the recovery rebate credit unless something went wrong with the stimulus checks. Okay. So through December 31st, 2021, the IRS issued more than 175 million third round payments totaling over $400 billion to individuals and families across the country. Now we're paying it back in inflation, but it was nice for a while. I guess it was a good, it was a good like thought, but I think the inflation is going to overpace it pretty, you know, if it has any case, most of the third round payments were issued in the spring and early summer of 2021. The IRS continued to send a plus up payments through December if after their 2020 tax return was processed last year, the taxpayer was eligible for additional amounts as required by law. The IRS is no longer issuing first, second or third round economic impact payments. Instead, people who are missing a stimulus payment or get less than the full amount may be eligible to claim a recovery rebate credit on their 2020 or 2021 federal tax return. So you want to get the benefit of these stimulus payments. I would, you know, try to try to get ahold of that because again, that's, that's the payment that's kind of, you know, that's the thing we're getting to pay for the inflation that's going to, that's coming and is here at this point in time. So most eligible people already receive the full amount of their credit in advance and don't need to include any information about this payment when they file their 2021 tax return. This includes the additional payments called quote plus up and quote payments. The IRS issued to individuals who initially received a third round economic impact payment based on information on the 2019 tax return and were later eligible for larger amounts based on information on their 2020 return. So we can imagine things that go wrong when they try to send out an advanced payment because even though the advanced payment is based on fairly basic information, there are still a couple of things that can cause problems, including a phase out of the credit and that would be dependent on an estimate for the tax return. So that phase out could basically be wrong and also dependence, for example, could, could throw off the calculation of the credit. Those are just a couple of things. So they tried to shore up that stuff with some, some tools so that you could give the IRS the information they needed, such as if they based it on 2019 to 2020 return. And then they tried to adjust the payments to fix that and hopefully they got it right. So you don't have to file for the recovery rebate credit. But if they didn't, then the final fix is taking the recovery rebate credit. So individuals may securely access their IRS online account. There's a link to that here to view the total amount of the third round economic impact payments issued to them. So if you don't get the letter, the letter was their big fix to solve the problem of the errors that are going to be caused for the tax returns because people are confused about this. I don't think it's going to solve all the problems. And if you don't get the letter, then you could probably go to the IRS website and look on your account. You could log into your account there, which I think is easier now. They were trying to do facial recognition stuff, which was a mess and kind of, kind of weird that they need that information. But they've taken that away. So I think it's, you can get in there and you can check out your, your payments and so forth to help you to fill out your taxes. So this information became available on January 15th, 2022 under the records page in online account. For married individuals filing a joint return, each spouse will need to log into their own online account or review their own letter 6475 for their portion of their joint total payment. So you're going to have to look at your own account because they sent them out per social security number, not per married filing joint return. CFAQs for topic G, finding the third economic impact payment amount to calculate the 2021 recovery rebate credit for more information. There's a link to that here. Third round economic impact payment, not received, double check records first. So if you didn't get the third round, you're saying, I'm going to file for that recovery rebate credit. Well, you want to check your records and look on the IRS website because if they think they sent out the payment, then it's going to cause a problem because what you're going to give to them is not going to match what they have on records. They might be wrong and you might have to do that, but it's going to cause a delay. You're probably not going to get the refund that fast because they're going to say, hey, this doesn't line up to what we think happened. And so we got to figure this whole thing out at that point. So individuals are encouraged to double check their bank accounts, especially in early spring and summer of 2021. So it's possible they just gave you the money and you're like, whatever, I'm just spending stuff right now. I'm on vacation because it's summertime and you didn't even notice it there because it was an electronic transfer because they're trying to do all these electronic transfers. So you might have gotten it. You might want to double check on it, check the records on the IRS side, check the bank account to see if it went through and you might say, ah, yeah, I spent that, you know, at the, you know, whatever I was doing. So to see whether they received a third round economic in advance last year. So if an individual did not receive the third round payment and their IRS online account shows a payment amount greater than zero or they received notice 1444C or letter 6475 indicating that a payment was issued to them. They should contact the IRS as soon as possible to see if a payment trace is needed. So if you're saying, OK, they're telling me that they gave me a payment, but I don't see the payment on my side. Then one of two things happened, right? Well, or you can check out a couple possibilities. The IRS most likely sent out a payment. Maybe it didn't go to the right account or something like that or it got lost in the mail, in which case it would not have cleared on the IRS side. And they should realize that. So you should be able to say, hey, you sent out this payment. They should be able to look at it and say, yeah, we sent it out, but it never got to the destination. No one cashed it. The credit card thing never got cashed or whatever. In that case, you would think you can remedy it at that point. Or it went to the wrong person, possibly someone committed fraud or something like that. And basically took the economic impact payment and it got cashed, which is a little bit more complex situation. But you should at least be able to see that which account it got cashed into. And then you could they could go from there and try to figure it out. And hopefully then you can recover any payment from that point. So you would think those would be the two things that would happen if they said they sent out a payment, but you didn't get the payment. But you have to follow up with the IRS to do that. And that's going to be a bit more of a pain, a bit more of a problem. So good luck with that. So and so, but hopefully you can get that done. So note that online accounts show that most current EIP information. So if payment was issued and returned to the IRS, the amount shown in the online account may be less than what is shown in the letter. So, you know, if it bounced back, if they sent out the check and it bounced back, then they should be aware of that at some point. But it might take time for that to be the case. So taxpayers should not request a payment trace to determine if they were eligible for a payment or to confirm the payment, the amount of payment they should have received. Individuals do not need to wait until their trace is complete to file their 2021 tax return. When completing the Recovery Rebate Credit Worksheet or answering EIP questions, economic impact payments that is in the tax file to where taxpayers have two options. Use the amount on the letter 6475 or EIP3 amount from online account to calculate the RRC Recovery Rebate Credit amount online 30. Contact the IRS to trace the EIP amount. Once the EIP trace is complete, the IRS and the taxpayer will receive notification of the results of the EIP trace, the account it was sent to and the amount or a copy of the cash check. If the trace indicates the taxpayers receive the EIP amount, no further action is necessary. If the EIP was not received by the taxpayer, the IRS will adjust the RRC Recovery Rebate Credit amount on the tax return. So they're basically saying one option you could do is file your tax return using the amount shown that they think that they paid you, that you could find on the letter 6475 or on your account so that your return can be processed without having a problem in the processing, even though you think that that amount is wrong, but you've started a trace so they're going to trace the payment that they sent out to see if it was cashed and if so, where it was cashed. And because the IRS has the trace initiated, they will then go through with the trace and if the trace comes out to, they actually did give you the cash and you say, oh yeah, you're right, you did give me the cash, I saw it cashed, then no change. If, on the other hand, it went to the wrong person or something like that or bounced back to them, then they can make the change to the Recovery Rebate Credit basically on their end. I think that that's my recap of what I'm getting from this at least. I've not done this yet. I've not done this before, so that's my recap. Hopefully that goes smoothly. Again, if that's a process you're going through, good luck, God bless, and hopefully it works out well, but I have some skepticism. But let's see, use the amount of EIP the taxpayer believes they received to calculate the IRR amount on line 30. So now you can do the option to use the amount of EIP the taxpayer believes they received. So this is the one that you think is correct, even though it's not reflective of the paperwork that you got. That would be option number two. If the taxpayer calculation does not match the IRS calculation, the processing of the tax return will be delayed. The RRC amount will be adjusted to match IRS records and the taxpayer will receive another notice that includes a telephone number to contact if they disagree with the change to the tax return. If the taxpayer contacts the IRS and disagrees with the changes made, IRS will contact a trace of the EIP if necessary. Once the EIP trace is completed, the IRS and the taxpayer will receive notification of the results of the EIP trace, the account it was sent to, and the amount or copy of the cash check. If the trace indicates the taxpayer received the EIP amount, no further action is necessary. If the EIP amount was not received by the taxpayer, the IRS will adjust the RRC recovery rebate credit amount on the return. All right, correcting mistake. After the 2021 tax return is filed, no amended return needed. So what if there's an issue? Do I have to file an amended return? Individuals who made a mistake calculating the recovery rebate credit and claim an amount on line 30 for 2021 recovery rebate credit should not file an amended return. So you might say, oh man, I didn't know. I tried to file something for the recovery rebate credit and I shouldn't have because it doesn't, because I actually did get the payment. What do I do at that point? Do I amend the tax return and try to fix it? Well, you shouldn't really need to do that because the IRS will kind of pick it up on their side. So what they're gonna do, whatever you put on the recovery rebate credit, they're gonna match it up to what their records say. And if they don't tie out, you're probably gonna get a notice saying that there's a problem. Now the issue there is it's gonna delay the return. It might take some time for them to process that, but once that error, if there was an error on the return is already there, then amending the returns is probably only gonna confuse the IRS further. It might be best then to let the IRS process the return. They should catch it on their end automatically, although it will probably delay the return and then make the adjustment, which you can then approve or disapprove at that point in time would be what I would think the process would look like at that point, but it will most likely delay the return. The IRS will correct the amount of the 2020 when recovery rebate credit and send a notice identifying the changes made. If a correction is needed, there may be a delay in processing the return. If the taxpayer agrees with the changes made by the IRS, no response or action is required to indicate they agree with the changes. If the taxpayer disagrees, they can call the toll free number listed on the top right corner of their notice. Amended return may be needed for those eligible to claim the credit and IRS records show no economic impact payment was issued for eligible individuals who didn't claim a recovery rebate credit on their 2021 tax return, line 30 is blank or zero and IRS records do not show the issuance of an economic impact payment. They will need to file a form 1040X. So here's like the exception to the rule, which shouldn't be there for most people. So like if you filed the tax return, you've recorded a recovery rebate credit as if you needed to get more money, a credit from it, then the IRS will most likely fix that error as you put the wrong amount in the recovery rebate credits and you probably wouldn't want to file an amended return. But if you have the situation where you didn't file for the recovery rebate credit, you didn't put anything there, then the return might just process through without them checking that number because there's nothing in it. So in that instance, if you didn't file for a recovery rebate credit and you should have got one, then you might have, that's the instance where you might have to file the form 1040X the amended return. There's a link to that here to claim the remaining amount of stimulus money for which they are eligible. This includes individuals who may not have received the full amount of the third round economic impact payments because their circumstances in 2021 were different than they were in 2020. Individuals can use the interactive tax assistance should I file an amended return to help determine if they should amend their original return. Taxpayers who need to file an amended return to claim the 2021 recovery rebate credit, even if they don't usually file taxes, should use the worksheet in the form 1040X to determine the amount of the credit. Enter the amount on the refundable credits section of form 1040X and include, quote, recovery rebate credit, end quote, in the explanation of the changes section. Individuals who filed their 2021 return electronically and need to file an amended return may be able to file form 1040X electronically. If a taxpayer did not file their 2021 return electronically, they'll need to submit a paper version of form 1040X and should follow the instructions for preparing and mailing the paper form. More information can be found at the links below, recovery rebate credit link, and 2021 recovery rebate credit frequently asked questions. There's links to those items here. There'll be a link to this in the description.


Let's summarize the important components of our human digestion. So food mostly contains carbs, which is sugars, proteins, which is useful in building muscle, and fats, which is storage of food. Digestion is breaking them down into their tiny components. What are those components? Well, the component of carbs is basically glucose. The component of proteins, proteins are made up of amino acids. And the components of fats is basically fatty acids and glycerol. Now, where do these things happen? Well, just from the colors, you can kind of see inside mouth, mostly the carbs digestion happens. Stomach is responsible for digesting proteins. And small intestine is the one that digests almost all of it, eventually breaking them down into their components. But you can see fats are mostly broken down in the small intestine. And once you have these broken down tiny components, they're all absorbed by the small intestine. Then they go into the blood, circulate through your body. Then what happens in the large intestine? Well, once all of these things are absorbed, the remaining stuff is sent into your large intestine, no breaking down, no absorption of any nutrients, but to absorb any remaining water. You know, we are body wants water, so it's good to save that water. So we'll absorb any remaining water, send it back into your body. And now the remaining stuff, which is even more solid now, that is thrown out of your body through anus. So this is the overview of how digestion happens in your body. Now let's dig one step further. So now let's look at the different enzymes that break these things down. There are a lot of them, we'll only focus on the main ones. So in the mouth, the enzyme that breaks down carb carbohydrates is present in your saliva. And that's called salivary amylase, or I'm just going to write it as amylase, but it's there in your saliva. It helps in breaking down carbs. Then the food goes into your isofagus and then it pushes down into the stomach. And in the stomach is where your protein start getting broken down. The enzyme that is produced in the stomach for breaking out proteins is called pepsin. And then the whole thing enters into your small intestine. In the small intestine, as I mentioned, again, all of these things get further broken down. To further break down proteins, the enzyme in the small intestine is trypsin.   Finally, let's get down to one more level of detail. So in the stomach, we know there is pepsin that breaks down proteins now, right? But pepsin requires an acidic medium. It only works in acidic medium. So that's why your stomach produces acid, which you might be aware of. And this acid inside the stomach is called HCL, hydrochloric acid. But how do we ensure that the hydrochloric acid does not destroy your stomach itself? Well, to protect the lining of the stomach, the stomach also produces mucus. Now, this means the food that enters from the stomach into the small intestine is very acidic. And that causes a big problem. Because all the enzymes inside the small intestine, they do not work in the acidic medium. They require a basic medium. So that's problem number one. But this is the second problem. Remember, till now fats have not been broken down. And over here, fats are large molecules. It's very hard for the lipase enzyme to break down these fats. It's not very easy. So how do we solve for this problem? Well, this is where we are going to secrete another juice into our small intestine to make sure the whole thing becomes basic. And this juice is called bile juice. Where does the bile juice come from? It's not coming from the stomach. I don't have any more space to write over here, but it comes from our liver. So it's the liver that secretes bile juice. And what it does is it converts this whole medium into more alkaline, more basic medium. So it has become more basic. But it also solves the second problem. Remember how fats were not broken down till now and lipase has a very hard time breaking it down? Well, guess what?  So bile also has that effect. It breaks down the fat into small droplets.  It's called emulsification. Some fancy names. Emulsification. It basically means breaking down of fat into small droplets. And now that you have broken it down into small droplets, lipase can nicely act on it and break it further down into fatty acids and glycerol. And here's one last final, final detail now to remember. Where does trypsin and lipase, where do they come from? Well, they are not produced by small intestine. They are produced in pancreas. So it's the pancreas that produce trypsin that produce lipase. They secrete it into the small intestine and then they start working their magic on breaking down these things. So there's a lot of action that's happening over here. So it all starts with pepsin needing acidic medium because of which HCL is produced in the stomach. And then the liver produces bile juice, which makes it basic in the small intestine. This ensures the enzymes from the pancreas, the trypsin and lipase work. But additional benefit of bile is that it also emulsifies the fat. And finally, small intestine itself produces more enzymes to break down everything else into their component parts. And now all of this is absorbed by the small intestine. And to ensure maximum amount of absorption happens, the small intestine has these finger like projections that increase the surface area, which are called villi. So this increases the surface area and it maximizes the chances of absorption so that maximum amount of nutrients is absorbed in our body. And then finally whatever is left goes into the large intestine where water is reabsorbed. And then the solid mass is excreted through the anus.


What's up guys this is Alex from Xtrades. Today I'm going to be going in depth on how I go through 270 tickers on the weekend basically and create a watch list out of them. You can see right here I go in order. I go from the highest percent change down to the lowest and I got ticker symbol Mara right here. I really liked how this is setting up for basically kind of like a falling wedge setup. You can see that it pops out. I had a couple days of consolidation and now I'm starting to break to the upside while crypto is on fire. It looks like I go ahead and draw supply zone right here and I would probably use that as a target if I were looking to trade calls on this ticker and you know it's important to add your support and resistance. You can draw Fibonacci retracement if you want how I did in this example and this is probably another important part coming up here. So essentially when I'm creating the trade ideas list for the weekend I'm putting the ticker name. I'm putting a brief description of what I see and I will put if I'm going to trade calls or puts basically. So after you get your first bulletin I just put the ticker brief description and then I'll put if I trade calls or puts and that's one ticker on the watch list and then I'll go ahead and go to another bulletin. Looks like we have STNE next and the good thing about you know typing these out and writing it down is that you know you're essentially typing out your bias right and sort of like a little plan and visualization of what you see. I think it's really important because you don't want to just take a trade just because and another thing that you'll be seeing a couple of in this video is setting alerts. Setting alerts that key points of resistance or setting alerts that trend lines and that pretty much preps you for the future whenever the target's hit you'll be ready. So it looks like STNE is kind of putting a double bottom right here. I wouldn't say it's exactly ready to be set up yet but we'll go ahead and draw an alert or I'm sorry just add an alert and just right click and hit add alert and put your desired level. So here you can put STNE resistance breakout just like how you see there and we wait for that to hit and I fast forward any of the tickers that I don't end up adding but I wanted you guys to see that I look at these pretty in depth and I go over a lot of tickers to narrow down a good watch list or even just trade ideas and half the time I don't even trade all of them. I mean I trade one or two maybe but the point is that you're prepping right you're spending your weekend and I mean it could only take a couple of hours you know. I mean it's not too much work. I go through 270 tickers and it's worth it because it narrows it down to some solid setups and looks like here we got our next one. This is IO&Q. It's actually a pretty new stock I believe and you can see it's poking out of that downtrend. You got a nice demand zone. Got a pretty big supply zone overhead. I'd probably use that as a target. In our first example of MARA you saw that I put is breaking the one day downtrend looking for a move to supply around 40s. IO&Q one day downtrend close to breaking out and I'll probably look for a move to supply on that as well. And I go ahead and add the trading view links with it too because when I'm when I'm posting on the watchlist channel I want you guys to get a visualization of the chart. It's one of the most important things so you're not just blindly taking a direction. Looks like we got ticker symbol docks right here. Looks like it might have a falling wedge setup. This is probably one of my favorite patterns to be honest. And it looks like I go ahead and add a trend line alert. And the reason you add the trend line alert is because when it's reached you can go ahead and trade the breakout or you could trade puts on a rejection. So we put docks we put our ticker symbol time frame one day falling wedge setup forming. We'll set an alert at the trend line and wait for the breakout or you could even take puts when it rejects. So there's multiple ways to look at downtrend line. Well there's two ways. Sorry and you see that I'm putting my planned on direction. So I'm trading calls for Mara calls for IO&Q calls for docks and maybe puts if it rejected. And you always want to wait for confirmation. And it looks like we got Tesla right here. I don't think I found anything on Tesla. Not quite. Got coin right there. I'm already bounced from the trend line. So I probably wasn't trying to do that one. Viacom too much selling. MSTR spreads are too wide. All right. Here's MU Micron Technology. Looks like we erase and start with a fresh slate here. So I add a one week supply zone which is right where the price is at right now. And that can give us two opportunities since it's so close to breaking out. We could look for rejection here off one week supply. We can set an alert over 97 and trade the breakout. And that's the beauty of setting alerts. You wait for them to hit. You don't always have to act on a trade right when you see it. You can make sure that it meets criteria and know that you're patient. Waiting for that perfect setup right. That one good trade. So I go ahead and draw some Fibonacci retracements. Usually if I trade big breakouts like this I like to use the 1.272 extension as a breakout target. And that's usually my first breakout target. And then we go ahead and add a MU alert at 97. And that will indicate a breakout of supply zone. And I also like the downside opportunity here if Monday we flushed. It kind of closed inside the supply though. So they both could take that bullish. It just depends. We'll have to see the sentiment on Monday. So I put MU currently at one week supply zone. Could see some short term resistance. Another thing is really important to wait for confirmation. You know just because you get an alert and it triggers and the criteria is met. You know it might be smart to wait a little bit. Maybe see how the one one day candle is going to close or maybe see how short term price is going to react. Pay attention to the volume etc. That way you're not getting faked out. Looks like we get a little fast forward here. So I'm guessing we don't find any setups. I do. I did like this laser setup a lot but there's already breaking out the double bottom resistance though. All right. Here's LVS. I do like this one. You can see that it's almost got like a big like down channel kind of narrowing down to a falling wedge a little bit. But there's also a short term resistance line too right here. And I like that breakup. So when it gets above supply that could be giving a good trade up to the next blue trend line resistance that you see right above that. So I mean analyzing is all about thinking ahead and also thinking about what you see right now on the chart. You have to think about what price will do ahead of time, right? At least just a little bit. You don't have to think too hard about it and get paralyzed but it's good to think about. So what we're thinking about in this tray is we're trading the breakout. Yes, but we're also being mindful of the overhead trend line resistance. And we also have to be aware of the supply above that as well. Let's see what we type out here. We've got LVS. Confirm the breakout. It's actually a short term breakout because there's another trend line resistance above and I could make a good trade up to next trend line resistance. Sorry, it looks like I was trying to think of what to type. I did not fast forward this part. All the live examples that I ended up typing out. I wanted you guys to be able to see. And you don't have to always type out what you're seeing. I'm just showing you guys how I create my trade ideas list every weekend. I've been doing it probably the last month or so. Last month and a half. It's been helping me a lot more with just trying to stick this out setups. I still do like the day trade spy and take those speculative trades that you know you're just basing off the intraday chart. But I really enjoy doing the larger time frames. Looks like we got snap here, total down channel. I actually lost some money on that one. Lift really nice breakout, but I mean it's already so close to supply. Then we got shop. Pretty sure this actually turns into a setup that we add to the list. We got a one day downtrend breakout. Looks great. Super close to supply there. It's the only thing concerning and you got that light blue 50 EMA right there that can definitely act as resistance. So I believe this would make a good short-term trade. If you were to swing trade this and you're trying to catch the breakout, you need time on the contracts. Because there's a good chance when it runs into supply it's going to reject. At least a little bit. You got a demand zone down there, drop base rally. If we find anything else on this. I honestly don't remember. All right and then we add the next bullet point. We got shop, downtrend breakout. I'm guessing I just type of looking for a quick move up to supply. Right and due to supply being so close this would need time on the contracts or you can just day trade the short move and that's another thing. You know you're utilizing your levels. You're utilizing your knowledge on supply and demand zones and seeing how close price is to getting to these areas. So you know how long you have or how much price range you have and if it's too close you know to supply sometimes it might be good to just wait for it to break out of it or you can try to take puts off the zone you know and it looks like I add or you can day trade puts when it reaches supply since it's so close. So Okay we got another fast forward here. I guess I don't find any setups. All right here's footoo. FUTU ticker symbol. Looks super close to breaking out but this falling wedge and it's definitely worth a trade over 50-10 it looks like where you see that arrow. You don't have to break upside. So I'm pretty sure I already had an alert set there. So there's two trades. You can trade it when it breaks out of the downtrend or if you really wanted serious confirmation you can just go ahead and wait for it to get above 50-10. But um you could take the downtrend breakout and then trade up to 50-10 because that could act as resistance or you could just wait. So it looks like I put footoo falling wedge breakout getting closer. I would wait for 50-10 old support slash new resistance to get cleared over before looking at calls. On to the next. I don't think DOCN had any setup that I really carried for. LLY nice channel. FCX inside supply. WDC had nice breakout but it's already I mean a couple candles over. BBBY looks like Victoria's Secret might have had one but I don't really like it. AMAC kind of has a symmetrical wedge just sending pattern. All right here's Uber. I definitely found a setup on this. Even if it's not completely there yet this is a pre-anticipated setup. So where you can set alerts and wait for the setup to hit. Since it's not directly at the downtrend line yet the upper trend line resistance we just set an alert. You got your bottom part of the wedge to your bottom trend line support and then you come back above and draw point to point and see that it's narrowing down into a falling wedge. And sometimes you just have to play around you know just play around with it see what looks the best see what makes the most sense. And this is setting up on a one week chart so you know when this breaks out this is going to be a really nice setup because it's been consolidating in a downtrend for so long. Looks like since before 2021 almost. Looks like we drew out Fibonacci retracement found strong support at the 50 and then fell through that didn't quite get to the 61.8 and I kind of just switched back and forth between regular support and resistance and sometimes I'll draw out the favorite tracements it just it just depends a lot of times I'll just check multiple different kind of tools and see what's making the most sense. So I put uber setting an alert. Forgive the slow typing because this is me directly trying to think of what to type for my brief description so might take a second. All right uber sitting alert at downtrend line we'll look at calls on the breakout or puts on a rejection. I would like to bet on calls though especially when it breaks out because that's a nice falling wedge setup so. All right on to the next. Cat had kind of a nice one but not quite there yet. Trip UPST I really like this one. This one looks super close to breaking out especially above that 157.26 red line you see there. When it gets above that it's probably going to see some serious momentum. All right I put UPST right at one day downtrend line we'll set an alert for a breakout to write and that's for calls. Can also set an alert above 157.26 that was a 157.26 I was just talking about. It looks like I got stuck right there. Getting on to the next. This KSS setup kind of has like a falling megaphone pattern just nice but I usually only try to break out on those patterns. All right and this Levi setup is actually pretty good. It's got a short-term breakout I'm pretty sure from what I remember. I chart so many things so just remember that I'm basically reacting to what I charted prior but I charted a lot of stuff so I mean it's hard to remember sometimes but I'm almost positive this is a one-day downtrend breakout here that I'm about to add. So add the supply zone you got a couple key levels 2460s and then 2380s it looks like and we got a drop-based rally demand zone and you can see I'm basically just when I'm drawing the regular support resistance I'm looking for the you know clear reversal pivot areas or price clearly clearly reversed. Levi one day downtrend breakout and I'm guessing I'm looking a type that I'm looking for a move up the supply and maybe looking for a pop above that resistance or old support that's right at the 2463. You want to see a pop above that for sure. I hope you guys are enjoying this so far I know it might be a little repetitive right going through all these charts and you're just like what the hell like how long is this going to take but this is what analyzing is all about. It's all about recognizing patterns and being repetitive because that's how you get good at drawing and identifying. Well I really see that plug setup was nice and this UPS setup is super nice too but it's just too close to supply AMD had a nice setup but too close to supply. Maybe take put MTCH too close to supply even though it's a nice breakout to back test. All right and this is FDX pretty sure we found a setup on this. It looks like a one week downtrend breakout and it's definitely poking out already and you can see that MT4 oscillator is giving a long signal down there it's crossing over to the upside and then we got that 255 resistance area definitely want to see a pop above that. You got a 234 79 old support area you got a drop base rally demand zone as well and you can see I'm kind of just analyzing the more recent area right and you can also go back you don't just have to do the recent area you can go back and find gear levels from a year or two ago if you really wanted to. I like to think that the more recent areas hold a lot of weight because a lot of that fresh liquidity from the recent moves could still be sitting there so those resistance areas you know are other areas that institutions and other whales and toots and all that are looking for so what you see is what others are also seeing and they tend to try to repeat that. So we got FDX close to breaking out of a one week symmetrical wedge and if you guys saw my trend lines triangles and wedges video you already know what the symmetrical wedge is. I can break in either direction but it looks like it's getting closer to breaking upside here so because it's already poking out on one now we got if it can clear above 255 30 resistance that's even better confirmation and let's give for calls add our link onto the next bullet. I'm pretty sure the next one is TGT and I'm pretty sure I find a setup on that as well. I really like this one week demand zone that it has. I actually saw somebody post this demand zone in the option chat before I charted this so shout out to him. Got a one week supply zone over here you can see the light blue one week 50 EMA was breached it was broken so keep an eye on that you're going to want to get it back above 222 what is that 222 80s you could just set an alert over 223 and that would actually be a really good setup if you can get it back above that support and break back up I have a feeling that you can spring up especially with that one week demand zone and you can see a strong wake off of it in our exact description here TGT strong wake off one week demand need to see it clear back over 223 that's going to be for calls alright and on to the next I'm pretty sure we have a fast forward here don't find anything on GM try to trade up butterfly on GM actually and it lost $80 on it thing plays around too much all right and we got sovereign here um you can just see that huge head and shoulders pattern I actually almost skip this and then I saw that I'm like you know what I could actually probably make a future trade out of this so we drop a head and shoulders I'm using the head and shoulders tool on trading view and for head and shoulders you're you're only trading the neckline breakdown and same if you're trading an inverse head and shoulders you're only trading the neckline break out to the upside so this is the opposite this is regular head and shoulders you're playing the neckline break down to the downside so this is good for shorts good for puts it looks like that damn magnet started getting to be a pain in my butt so turn that off for a second and your looks like your neckline is 3144 so you set an alert and you just wait for the breakdown whenever it hits it hits um when you get the alert sit and shield for a second see how see how price is working um it doesn't mean act right away you know check a couple more things see if volume is supporting sellers uh see if it's just gonna wake off when it breaks down and fake out and bounce back up you know that it happens all the time a lot of these can end up being traps so it's always good to wait and see so we got sava got a large one week head and shoulders sitting an alert on the neckline break to trade puts on the flush we got our link as simple as that and we just wait for that that'll be a future trade maybe potentially that's why we put out alerts for future reference because maybe one day when you're having a slow day you're not finding any trade something hits and ding ding ding you had a winner this ad see set up is really nice but uh i don't know i'm i'm i think i saw like it's some inside ourselves so i was like that might see some downside all right we got tillray painting the ass stock i actually got some january calls that just got crushed on this thing but uh it's got a falling wedge set up here real nice if you get some volume um you could see a move back up to 10 might take a miracle or a really good earnings report which you can see the little earnings icon down there it's coming up it got what is that 18 days left so we got tillray one day falling wedge breakout might need more volume for upside calls maybe add our link and like i said yes this is already you know a decent amount of trades but it doesn't mean you have to trade them all you're just charting these out just in case never know how you're going to feel in that exact moment when you see the setup and when the market opens you know you might like one better than the other so it's good to have options and this ba setup is really nice looks like you got a one day down trend breakout almost kind of has a wedge formation as well as another um trend line resistance overhead kind of in a channel formation and that would probably take a move up to supply and where's that supply is that around like 208 maybe 210 area so that might be a good um short term trade uh ba always has a lot of sellers on it so you can pretty much make a good bet on when it reaches supply it's going to see some resistance um i mean a sysco setup would actually be pretty good on the 1.272 rejection for puts but i don't think i added that one we got airbnb here ticker symbol abnb got a nice little poke out of the downtrend here and a couple little small supply zones so this would make another short term trade and you'd want to see a pop above that um light blue 50 ema and the 50 ema is basically it's more like the medium term uh trend and the 200 ema is like your long term trend basically and then your 9 and 21 are your short terms so it looks like we're definitely going to be adding this one for calls um don't see any really crazy obvious supports or anything um there was this one week demand zone right here it's a rally base rally one week demand zone so that's why you see such a strong bounce off that area um it was more most likely institutional orders and liquidity waiting to be filled and you can just see the volume as soon as they touch the zone it's ridiculous every inch of the arrow that would be your target at least on a short term um if you didn't have time on your contracts that would need to be your target if you have time on the contracts you could wait for it to chew through that supply and head to the next supply all right we got a b and b short term downtrend breakout could see move up to overhead supply and it's going to be for calls by the way could maybe do a short term um day trade and that's going to be the same thing for ba as well so i just copy and pasted up because they both kind of are close to supply so taking that into account that disney setup is really good but it was in supply so i didn't market lmt had a big gap overhead macy's nice demand zone bounce mgm looks like it's at supply in a 61.8 so that'd be a good rejection and then g e um i'm almost positive this is a downtrend breakout yep so we got g e general electric one day downtrend breakout and it looks like it maybe had a supply zone at the bottom there i don't know if it's a one week or one day pretty sure i delete that though and um make a fresh drop base rally zone because there's one right there the fresher the better because there might be fresh liquidity sitting in the zone when it comes back to tap it so and this would also have a pretty relatively short move up to supply and i'm pretty sure this is the last slide for this recording um i'm currently debating uh because i still have so many tickers to go i'm already at 42 minutes if uh i'll add more because we've already had about 16 setups just off of what we went through here so we got g e and we got the same same thing a short term downtrend breakout and uh we'll be looking for a move up to supply since it's so close and i think that's the yeah that's the last clip guys thanks so much for watching


Hey guys, I'm Ryan, I'm Scott and we just checked out Jurassic World, The Fallen Kingdom, the sequel to Jurassic World but also the fifth in the franchise. We're going to tell you all about it right after this. So Jurassic World Fallen Kingdom takes place three years after Jurassic World where the park has been decimated and the dinosaurs are left to roam free and hang out in the park and a new mysterious entity comes into the franchise and recruits Claire from the first or the last film played by Bryce Dallas Howard to go back to the island to try and save some of the dinosaurs and that sets off a big chain of events and a big adventure film. So Ryan, what'd you think? It was good and also okay. Yeah, it was... I must admit I'm a huge fan of this franchise and this this was okay like it wasn't it definitely didn't have any obviously it wasn't as good as the first film and it probably wasn't as good as Jurassic World. That's fair enough. Yeah but I mean it was still quite enjoyable, had new things to the franchise we hadn't seen before and I thought it bore back some of those kind of scary most tense parts from the first film. Yeah I agree. That's kind of been missing for those last three films. Hundred percent. And you're a big dinosaur geek you would like we watched this movie at the start I'm like oh look at that cool dinosaur and he's like well that's a well blah blah blah. I'm like what? That's exactly what it was like. You became sliced alone for it. Yeah, yeah. There's a bunch of new species in this film stuff we haven't seen before and I liked I really liked them going back and seeing like a destroyed theme park. Yeah I really loved that about the last Jurassic World seeing the theme park there but to see it all destroyed again yeah it's kind of really neat. It's also like a little bit lost world-ish like we've already kind of seen most of this movie already. Yeah and the film is very much split into two kind of real kind of key sections really and the very the first half of the film is very much like the lost world which is not a bad thing. I must say the opening sequence. Amazing. Probably one of the best one of the best opening sequences of all the films I would say. Yeah fantastic but yeah the first part first half of the film really kind of follows the mold of the lost world and the second half completely does something new and unexpected and I don't know if everyone's going to like it. I think it's going to be touching on the threads of the last Jedi. You're going to have a group of people that love it and then a group of people that hate it and it is a vast difference compared to the start of the film. The start of the film I felt like was very Spielbergian. I'm just making up that word and it felt very Jurassic Park-y. It had a lot of elements of it and I was actually fully into it. I was like this is really cool. It's a different Jurassic world almost. It felt very lost world-ish but it was different in a way of it wasn't Jurassic World and had a lot of tones and similarities the way Spielberg would shoot things. A lot of light elements. A lot of shadowy elements which I really loved and enjoyed. The horror element the director brought to this. I can't remember his name. J.A. Bayona? Yeah I was going to say B.A. Jayona. So I'm glad you went there. But he's the director of The Orphanage which I also loved. If you haven't checked out that horror film I highly recommend. But I would say the second half of the film really kind of goes into his territory versus being very Spielbergian. Yeah I agree. So that's where he kind of you know you've seen those horror elements. There's really gothic elements which is obviously very different than everything we've seen in the franchise so far. Yeah and for me personally it felt like a video game. It was something that actually really really want to play. There's a lot of Jurassic Park games that have come out and most of them have been very theme park-esque. Yes.   It's like Dino Crisis but like now like give me the HD version of Dino Crisis. Are you listening Universal Publishing? Give the man what he wants. I want that video game let me play it. Like imagine if it finishes you're riding the T-Rex out of the friggin Jurassic World.  Anyway boys can drink. But overall look I think the movie is okay. Yeah I think you'll have a good time with it. Like to me Jurassic World really hit a lot of the nostalgia and obviously they played the music and the park was there and T-Rex came back and this one kind of Jettison's a lot of that which is good. Like in this kind of in the same way the last Jedi kind of let the past die literally if you've seen the trailers there's a big volcano going on there. There is a lot of fire and brimstone on that point of view and then they really try and take it into a new direction. I don't know if it's going to be for everyone. Obviously you know sets up first sequel I imagine. I think the good thing is they have to take it in a different direction. Like we've seen the park three times now. They can only do the island so much. Yeah like let's move on from that and we did get a you know a taste of something different in the lost world. Correct. And this is definitely venturing in a different different territory which I think is kind of exciting but the last two acts of this film just for me it just felt very like one location and I would have liked to have seen a bit more. I would have liked to have seen the last scene of this movie to be the last act of the movie but you know there's a sequel there for sure. Yeah definitely I think it opens up to a very interesting scenario and it's probably a natural evolution for the series so we'll see how that all plays out. Yeah acting wise what do you think? I mean Chris Bratt is Chris Bratt. Chris Bratt is Chris Bratt. Yeah Brastile sounds okay. She's Brastile's Helen and what has she been in that sets her apart except for maybe the village. Yeah yeah other than that it's kind of. There's a lot of screaming. Yeah a lot of screaming. A lot of kids are back. Kids are back. What is with this franchise a must have a kid element to it. Like no matter what there's a kid. I think it's something to do with the fact that dinosaurs are such a like. Sure a child thing. Yeah such a thing that you're into as kids and so I think that element always has to come into play. Did Jurassic Park 3 have a kid? Yeah the whole point was to go back to the island to save their kid. Oh that's right of course yeah yeah. They collected T-Rex kids. How could you forget that movie is very forgettable. Yeah this one's not so forgettable. I think it's more enjoyable than Jurassic Park 3. Yeah it does enough unique things but they won't be forever on it. Yeah I think it sits in the path of the lost world. It'll fall with that movie which is probably not a bad place but it's not a great place. No practical effects there's good practical effects in this film which there was missing big time from the Jurassic World. Yeah so we had to. Some triceratops stuff I mean it was half of me to pick to be honest to pick it out I would have said guys triceratops was practical. Yeah it's probably worse. I'm pretty sure there's some blue practical velociraptors and stuff but that was a big thing that I kind of really missed in Jurassic World so I'm kind of glad they brought some of that stuff back. Definitely. Gikino score not too bad a lot of Jurassic World themes kind of coming back. There's also some different themes in there which I thought was kind of exciting too because I wasn't always in that it just like it did hit the bum bum bum bum you know but it wasn't always I know that's what I want. So that stuff was kind of very underplayed in this film which I get like they did that in the last one they've kind of moved on they're doing their own Jurassic World stuff now so I get it. So yeah so overall what do you think? Yeah it's kind of it's okay. It's okay. Definitely worth checking out I think I think it'll make good coin. If you're going to see it definitely see it at the movies I think I think that's the place to see it. It's probably worth your money. There's not much out at the moment that you probably haven't seen. You've probably seen Deadpool. You've probably seen Avengers at this point. This is the next big summer blockbuster to check out the cinema. It's worth your money. I reckon go check it out. Yeah, definitely check it out. Just be open-minded, I guess, towards the second act. And you'll probably have a good time. Yeah, and we'll probably see in the comments section that you didn't like it anyway. But anyway, I'm Ryan. I'm Scott. And until next time, we'll see you nerds at the movies.