Meet Kevin on $META (Oct 26, 2026)

Then this morning, we heard that Meta issued a shelf, which it turns out is for $90 billion. And the fact that honestly Meta is barely down on the day. Wow. 1.8. Look at this. The fact that it's not down more kind of remarkable.

Now, in fairness, if you zoom out from their earnings, they're down quite a bit more, right? They're down closer to 100 bucks. So, the suggestion is that a lot of that funding and the sort of amount may have already been closely expected and that dilution is the reason there's now a dip opportunity in Meta.

Though, it's still up quite a bit from the Meta Muse moment. If we look at the Meta Muse moment, we were down here at the orange support line. Right now, we're at the 200 day moving average.

Now, we're at five uh or 540 is the uh the longerterm support line there. If we lose this 200 day, yeah, 607 becomes another potential soft line, but 540ish is really your big like back up the truck level.

You'll actually notice in pre-market, we got within two, three bucks over here of the 607 line. kind of crazy when that shelf offering announcement came out. But want to see closer or better lines today?

Right here. Look at that 7:15. We went lineto line today. I mean that 7:15 that was perfect. It was at four rejections of the 7:15.

By the way, you might be wondering, Kevin, why why did you go bullish today? The reason is because of the holds that we've had at 702 and how we've stayed over.

I just moved my line. There we go. This is why it's very important that you hit lock. Fortunately, you hit control-z, the line will go back to position. But this line right here, 70287, hasn't been 100% perfect, but we've been essentially rubber banding around that lower line right here enough to where I'm thinking, oh no, today this is a bullish day.

We're moving up off of these levels. The opportunity is is getting lost to buy around those levels.

Meta CDS has skyrocketed again today. Now, remember credit default swaps, they trade like a meme stock. So, I kind of think that what you're getting uh and I've mentioned this, I don't want to, you know, how should I say it?

I don't want to beat a dead horse here, but I kind of think it's like the perfect meme trade where you go in and you basically just buy CDS's because they just keep going up. Uh it's like the craziest hedge.

Uh but anyway, you know, meta CDS's. Watch these. It almost perfectly aligns with this chart.

So, let's pull this up. Here we go. These are metas today, which just went vertical, which makes sense because obviously if the company's going to raise another $90 billion, there's the greater potential risk of a default.

The stock only being down 1.88 88 does suggest that the bond market really just took a little bit of a rattling today on starting to realize a dang there is a lot more fundraising coming.