Anthony Noto Getting Elon SUPER POWERS | BIG Money BUYING SoFi ⚠️ SoFi Breakout Coming

what's going on welcome back to trending stocks today want to talk to you about Sofi I want to go over some of the current data points break it down on what really caused so much volatility and how Anthony is getting kind of Elon Powers so I'm going to go over all that but first make sure guys hit that thumbs up and with that let's get right to it so Sofi did have another pretty epic day going up 2.05% a fair amount of volume so 38.9 million shares being traded 40.1 is the average so institutions are kind of seawing back and forth with Sofi today seems to be a overwhelming amount of buys and you can tell that based on the bid the ask and the selling price couple big transactions 6.05 million 1.2 so today seems to be a very optimistic day for the broader market and that's because of once again monetary policy so you had a couple data points coming out first thing so initial job has claims a little bit higher than the forecast 230 versus 227 the forecast and then PPI came in higher on the month over month lower on the year over a year so somewhat mixed data so as a byproduct no real change for the 50 basis point cut for the September 18th but it did increase the likelihood for the November 7th so as of right now September 18th which I feel like I've been talking about this damn meeting for like a good month and a half like almost every single video but it is finally here almost next week so there's a 85% likelihood of a 25 bage point cut 50 for the November 7th and then analysts are forecasting for the uh December 18th meeting for there to be another 25 so I think the Market's really pricing that into it right now so that's what gave it a nice Foundation here but then this kind of thing was very very abnormal because there was no new ratings analyst ratings no new articles no real big macro events that really prompted this with the exception of one thing and this is why I said that the very beginning on how Anthony has is maybe getting Elon Powers because Elon back in the day for those of you that remember and invested in Tesla he tweeted something price went up or down like 10% instantly so when it comes down to Sofi the only thing that happened at this time period was this so the head honcho himself Anthony Noto did tweet saying use my referral link to apply for a Sofi personal loan and will each get a $300 bonus after your loan funds so clearly this is his way of saying that Sofi is focusing more on personal loans so definitely that could be very profitable um he kind of mentioned that in his recent fireside chat as well so yeah honestly this is good and so if he does continue these positive tweets and maybe Sofi will kind of hit double digit sooner rather than later give him the superpowers of Elon and all the other crap but yeah aside from that no news for Sofi there was this 44 that came out after hours yesterday nothing really to talk on here it's just registering uh this director so Gary Meltzer so again nothing really to talk on for that regrettably ortex say's website is not working it is working on my phone though so I did a quick tweet just to kind of put it in perspective so you can kind of see right here 139,000 shares was returned to today 18.58% of the free flow is being shorted works out to be 194. 47 million shares still in excess of around 10 million shares available cost to borrow average is 0.59% so kind of in line with what it has been over this last little bit so yeah let me know your thoughts on that so definitely it's always a positive day when you see shorts return it would be nice to see U because under the website you can kind of see the intraday what shorts did at what time it'd be interesting to see what percentage of like shorts returning here and yeah so all in all I think a pretty successful day going over options so 4.19 million in calls 825,000 in put so dollar value is kind of in line with the average but 52% of all the options being done today were optimistic and bullish and of those you do see quite a lot was at that 750 Mark and again as I said if you look at the closest strike price usually that's just hedging but anything above that is optimism so there's a little bit more optimism floating around with Sofi like I said two days ago we had a blood bath yesterday was a recovery today it's like all over the place so Sofi is very very interesting but this is the current open interest this is the bread and butter that we all care about currently 9,000 at that 7 28,000 at 750 23,000 at that 8 so essentially Sofi will most likely uh if I can look at my crystal ball for tomorrow probably close at 749 but hopefully it does come out strong institutions continue to buy and really does push it higher but again we'll just have to wait and see what does truly happen but these are some of the transactions that did occur on the dark pool above $100,000 so a fair amount of buying as usual as you can kind of see a lot of this is linked to shorting as well as just large entities so again uh institutions are continuously monitor insing what sofa is doing and yeah uh it is what it is with it closing at $746 it is trading between these two points for the pivot in this R1 so 728 will be the strong support uh $767 will be that next strong resistance SL Target so it kind of did bounce off of this low for the pivot but in my opinion I think clearly just whether be that tweet or big money people want Sofi to be higher and rightfully so I think a lot of analysts and just retail investors realize that Sofi should be probably double digits but it's prone to a lot of manipulation and looking on the actual chart itself and actually this is lucid so you guys don't need to see that so Sofi looking right here it is kind of bouncing or will be bouncing off of that uh 200 day moving average luckily enough it did transition from the lower to the higher percentile today kind of free and clear from that 50-day moving average so like I said on the flip side two consecutive days above something kind of signals a trend so even though this selloff was rather scary seems to be out of uh danger right now and I'll actually move it over so you see it a little bit better and right now on stochastic you do see a nice bull deviation it is still considered rather oversold at 28 so if there's maybe a good piece of news wink wink from Sofi you could see a Russia of value investors coming in and honestly as little as this tweet right here could be seen as good news as you saw that big spike in the price and number of retail investors were getting in so all in all that's kind of The quick summary of what happened with Sofi like I said I think bigger and better things are going to be coming for Sofi and now the market is really pricing in roughly around like 75 basis point Cuts in the next two months as a very bare minimum and if that does come to fruition like I've said like the consumer buying power is going to increase people are going to be out there as what he's even promoting looking for loans it's just going to be one of those very very beautiful Domino effects that really spikes a lot of Revenue to come for Sofi and us as investors will benefit through share appreciation so let me know your thoughts don't forget to hit that Thumbs Up And subscribe I always greatly appreciate that give yourself a shout out did you buy did you sell what did you do with Sofi today and have you guys been dabbling with with options when it did sell off I know I don't really give you guys that much updates all the time because I I guess it's not really relevant but luckily this is why you guys need to learn options because when it did sell off on the 10th that is the best time to sell puts so I did sell 650 puts and honestly there's no way that Sofi is going to close below 650 so I get some free money for the most part um I get to keep the premiums so recommend you guys researching options at its highs you can always sell calls or covered calls or flip side sell puts or if you're a little bit more risky buy or sell both calls put so let me know your thoughts don't forget to hit that thumbs up and with that appreciate all of you watching