What's going on matt, it's me moon gang. This is your dumb money update for today, tuesday july 13th. We do have a fair amount of interesting things to go over. So, let's hop right into it to close out the day.

Amc was at 39.35 and jimmy was at just above 180.. Sorry about this. I was looking at just some things that are fundamentally overvalued um. I do want to talk about this inflation climbs higher than expected in june, as price index rises, 5.4 percent consumer prices increased 5.4 in june from a year earlier, the biggest monthly gains since august 2008, excluding food and energy inflation, increased 4.5 percent, the largest move since September 1991.

So my crappy joke aside: inflation, inflation, inflation, inflation, not good for the overall market. I'm honestly surprised that today was not a larger red day. Just for a quick technical lesson. I'm looking at this market going higher and higher and higher, but the rsi isn't we're seeing less bullish momentum, aka, bearish divergence right now.

I wouldn't be surprised if kind of a short to medium term play i'm in no way calling for doomsday, but i'm definitely looking for a healthy correction of sorts in terms of the overall market. Now, let's talk about amc, so amc, another technical thing i want to bring up. This is on the two-hour chart and what we have here, there's two things. I need to point out to you.

First of all, when we talk about manipulation and the price not being a fair depiction of the current supply and demand, i just want to point out look how perfect and systematic and almost robotic the sell-off over the past three days has been selling selling selling. In a perfect, what is this a perfect 45 degree angle? It's too perfect! It's mathematically perfect, so right here this in my mind, right away, i'm thinking, high frequency trading, i'm thinking algos, i'm thinking intentional systematic sell-off beyond that. I also want to point out the inverse of what we're seeing on the s p. 500, so the stock has gone lower, but the rsi is actually higher.

This is referred to as bullish divergence, and it means that there's less bearish momentum now than there was previously and it's indicative commonly of a some consolidation or even a potential bounce. So that's what i'm looking for, especially tomorrow in terms of amc's overall chart we're right at the support. We saw the support previously on june 10th and then below that we also have support around the 35 mark. So right here, amc is in a region of support, and on top of that we have bullet diversions according to the rsi, the relative strength index, so definitely looking for a bounce, but once again i can't guarantee anything.

I'm just letting you know how. I would personally read the chart below this. We do have that support around 35.. On the top side, i would still argue that we, the first and like major target, is around 50.

It's a key psychological level, but in terms of trend lines and things that we're seeing on the smaller time frame, i am still kind of looking for above 42. Then we have 45, but 50 is a very, very important level. It's actually the most recent relative high key key psychological level in terms of its or text data, pretty much net neutral on the day. The short interest 15.39 shares on loan 99 million utilization 91.61, a very fair question - and this is kind of what i was alluding to in yesterday's update video is the shares on loan utilization in fact have gone up this week.

Why would the short interest drop? This? Has nothing to do with the shorts and what they're doing this has to do with the predictive nature of ortex. Yesterday this came out the settlement date from the exchange reported short interest came out. We have that it was valid as of june 30th, but reported yesterday in the update video i was saying hey. It looks like ortex for that day on june 30th.

As you can see here, 93 million versus the exchange reported short interest - 75 million. It was over reported previously one two three times they were under reporting, the very next day the short interest shot up this time since they were over reporting. My theory was that it would kind of see a downward turn and that's exactly what we saw. The short interest didn't actually drop, it was a recalibration.

What they're trying to do is best predict the actual short interest, but it's always kind of a lagging indicator. But just to summarize all this, this drop in the short inches doesn't really mean much because the shares on loan are the in up, not even the same they've increased, and so has the utilization i'm just trying to get that out there. One interesting thing we saw today was on fintel. People were diving into the 13 f filings and down here, uh, it's kind of interesting, so this was uh from sound income strategies and at first during the day there was four shares and i believe the average price was five thousand one hundred and twenty five dollars That seems crazy, high um to me it was a a messy data, a misprinted data.

Maybe it was something along the lines of they bought 400 at 51.25 or whatever that proper math would actually be. I think it's a mess up in data and now by the time i'm filming this video they actually fixed it, and now it's showing well, i shouldn't say, fix, but it's now down to zero dollars. So i think something wonky is just going on in this data because remember: why would anyone buy it at five thousand one hundred and twenty five dollars when you could come to the normal market and get it for 39 or at the max value of what we Saw in june 72., it's simple as why would they possibly overpay? I am willing to my current wage or my current thought process is. I bet it within a couple days.

Fintel is going to update this because there's no way they got it for zero. There's no way they really got it for 5125. I bet it's messed up data and i'm hoping we get their true average share price relatively soon. So i think that's what's going on there, but only time will tell to see if i'm right in terms of gme.

Here's a look at the daily chart currently at previous support around um well 180, but now there looks like in post market trading a little bit of excitement for the nft that people are expecting for tomorrow. Remember: that's not a hard, fast state, it's kind of an expectation, so i'm waiting to see how that comes out, but, more importantly, resistance resistance resistance. Now, i'm expecting this price region to act as support between 180 185. Looking for a bounce off of that and a recapture of 200 210 - and i do think that we might have this potential excitement catalyst of what's going on with this nft dividend.

So waiting on the excitement with that and when it's finally announced i'll definitely be covering it here in terms of the numbers, so there was a net borrow against gme. Today, 331 000 shares the current short interest, 14.21 utilization 37 and shares on loan 7.35 million. So that's your quick, technical and short interest breakdown for both amc and gme. We touched a little bit on this weird.

The four shares at 5125. I think it's a misprint but, like i said only time will tell in relation to amc and the overall market. It still just cracks me up, there's no way. You couldn't argue that the overall market isn't fundamentally overvalued, but here we go every single day: mainstream media getting mad at us that we're buying something that they think is fundamentally overvalued.

But i would uh, i would honestly argue that they have a lot of their money in these stocks, that across the board, it seems like many things, are overvalued so anyway, that's a quick breakdown for you of what happened today on tuesday july 13th. Love to get your thoughts on amc and gme and really the overall market in a comment below and until i catch you next time for me and chair best of luck in the markets, you.