i want to bring in options play director of product jessica inskip. been pounding the table on tech particularly a.i. but right now as we head into earnings seems like you're a little bit a little bit iffy? >> that's right. now i believe in the earnings for artificial intelligence and tech and i do think it will absolutely lead the way into the bull market as it is but the big shark in the water really is the nasdaq 100 rebalancing. so as we think about what consitutes a bull market it is a series of higher lows and higher highs when demand overcomes supply the nasdaq 100 rebalancing is a new amount of supply which is just an artificial downside just to be cognizant of. charles: all right. by the way i had dan flax on the b block. he said forget about the rebalancing. stay the course, buy, buy, buy. >> if you're long term. that makes sense. charles: you haven't changed your mind. you're an options person. that is too much risk for an options player but there is on option, someone taking a big risk on met at that. i don't know who it is. 40 million-doll

tonight we get the ball rolling with the director of product and operation, jessica inskip. the nasdaq 100? welcome >> money and jessica, it's great to have you. >> i am really focusing on the nasdaq 100. it is the shark nato, to keep the shark week thing going. the last time we spoke last time i sent you my charts, we talked about this very important resistant line. this was part of the september higher heights and what is super important about that is we are now looking at making a higher high which is at 16.74 found on november 22nd. this is actually the support zone for that high. this became resistance here, became support here, so that is why this is just of the other most importance when we are looking at weekly closes. >> are we aware of this or is this at a level you're scared about? >> i think this is something where in these waters there is a heavy point of resistance. we are in the molasses, if you will. it's very difficult to go above these lines and i do want to see some consolidation before i see it move further. however i'm looking for consistent weekly closes

while others have already seriously surpassed expectations so here to chart some of the names is jessica inskipdirector of product at options play joins us right here. jessica. let's talk about amc >> yeah. so amc from all fronts i see a very clear downward trend. so very bearish. we're zooming in on a daily chart because it's a short-term traded security, so we need to talk about the short-term trading targets. that 200 daily moving average, that is your clear downwards trend. but you can see it is not enough even if you surpass that because there is a series of lower highs constantly so what i need to see is that short-term resistance of about 611 here to be a new higher high, so overcoming those lower highs in order to have more of a bullish stance so that's going to take some time but i would not touch this security until i have sustained closes above this line >> which kind of speaks to how much the stock moves and how big those moves have been. the fact you could have a 30% plus gain today and it's still not even remotely close to where we were at the beginning of the year, to your point.

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