What's going on moon gang, i hope that you're having an amazing day, we just kicked off the official third trading week of march and it was a pretty interesting day in the stock market in this video, of course, i'll be talking about. What's going on with gamestop and amc i'll be letting you know what's going on in the two public portfolios, i did make some new positions and other than that i kind of want to share a watch list for tomorrow, because i think an entire extra sector might Be running this week, hint it's in the bottom left of your screen, but before we hop into all that, don't forget to join up with the moon gang by hitting the subscribe button. If you don't want to miss any of the monday to friday live streams, the technical, slash fundamentals, portfolio, update videos of this one - all you have to do - is go over to that bell: icon click on it and switch it to always also as a friendly reminder. If you want two free stocks, which could be valued up to one thousand, eight hundred and fifty dollars check out that link to weeble you'll get one free stock for signing up and another one for depositing a hundred dollars.

Alrighty, let's hop right into it. So, as you can see on the screen now, gamestop and amc had a very, very different day. In fact, as i'm filming, this gamestop was up 25.81 and it's gained another uh, two, almost three dollars today, it's trading just above 14 in post market. It's now at 13.85, but it had a very, very good day on the other side, gamestop, not so much.

It actually lost 17 today, um and in post markets down even a little bit more. This is one of the first real days that we saw a pretty notable divergence in amc and gamestop. What's exciting for gamestop is that it had a nice official technical breakout. We had a gap.

Fill at 1291 obviously ran a whole dollar past that, on the other hand, gamesup had some technical breakdowns, but it's at a level of support where i think it could be bouncing soon. So before we get into all the technicals of the exact price levels. That i'll be watching tomorrow. Let's do a quick portfolio update.

I do have some new positions, so i was alluding to this a bit earlier, but the cannabis sector seems to be on fire um, i'm a big fan of tilray apha cgc, sndl ogi, all of them, but i do know that till ray kind of has some Of the nicest range to it, so that's why not only do i have a bullish bet on it, but i bought some call options. They expire not this friday, but next friday march 26th strike price of 35 right now, i'm down a bit on them, but honestly, seeing how till ray moves in the past this could easily go into profit. I'm happy to keep you updated that on the future v-i-a-c. I bought some puts on it, uh that comes from our tiblio options.

Picker, it's a pretty cool option service that picks out long calls on puts some naked put spreads and some credit spreads uh the links to that below. If you want to try it out, you do get a discount with that affiliate code, but anyway this was a pick from that service. It told me to short viac i liked how the chart looked pretty over extended. These are for mid april, so i have a whole month on that.

I picked a 90 uh strike price, but that is a put as in i'm betting against viac. I still have the palantir riot um, all the ones that you saw from the weekend update video. These are the two new ones. Throughout the day when there was that big tax announcement related to uh the basically corporate tax, i tried to short the s p 500, but we had a classic v-shape reversal, so i took a small 300 hit.

It was basically a hedge against my overall portfolio, nothing crazy with that and in the weeble account i closed. One of my gme calls for a profit around two thousand seven hundred dollars. Let me see if i can find that here is the closure. I sold it at 54.20.

I bought it all the way back here a while ago, um. That was one of my first sales, the second one i mean i bought this gme call a while ago. Um, here's the first buy, so i bought it 27.90. I sold it at 54.20.

You could check the math for me, but basically i just i didn't like how it was expiring this friday, the 19th. I want to roll it out to the next week. So, basically, even though i close that position i'm just trying to roll it out tomorrow, i will be buying another gme call and i do i'm not losing exposure overnight because in the robinhood account. I still have this jme call for this friday.

4. 50. um the real winner, so the other account i basically locked in a nice profit of two and a half thousand dollars, and that was realized gains and in this one in unrealized i didn't really close any position in the robin hood. It is a 2.2 000.

So very good day, even though it didn't really feel like it. Um amc, i guess, was the big savior for me today. I have 12 calls uh nine dollar strike. They expired this friday uh the 19th i'm up 4.6 000 on it.

A nice 300 return. 100 of it was from today um, so pretty exciting. I'm looking for amc to continue that bullish strength. Tomorrow, it had a very very impressive day.

I still have a gme call. I still have all my amc shares my gme shares. So, in terms of these meme socks, what i'm looking for tomorrow is to pick up, maybe one or a handful of gme calls for not expiring the 19th but the week after the 26th. That's my big plan on that uh.

If i can get in at a nice level of support, graphically, though i just want to show you how they had such a weird different day, amc kind of shot up and then traded sideways all day right around 14, while gamestop it was selling it really sold Off got halted, came back up and then sold off into close. There is a big region of support between 200 and 212.. I might as well show that to you pretty soon overall. Actually, this is pretty important before we hop into that um overall market hit a new all-time high.

Today i mean i guess people are really like liking. What's going on with the stimulus deal overall market s, p, 500: it's an etf, basically a basket that tracks 500 of the biggest stocks in this u.s stock market hitting a new all-time high. My next resistance is this key psychological level of 400. That's what i'll be watching! It is important to pay attention to this because uh, basically it's headwinds or tailwinds for the individual stocks in your portfolio and right now, right now we have some very noticeable and strong tailwinds helping us hire.

So keep that in mind all right now, let's kick things off um! Well, first, there's this article that just dropped. Why gamestop and amc could benefit from the 1.9 trillion dollar stimulus package um. You could check this out. It's on motley fool.

I think it. It seems. Kind of obvious, like we all know so, basically with extra money. Not only can people go to movie theaters and buy more games, but on top of that uh there was some sort of poll that i think we read about on cnn.

That 50 of people who received the stimulus are thinking about putting some portion of that money into the stock market. So not only are we fundamentally benefiting amc through going into the movies gamestop by buying games, but people are thinking about actually legitimately buying these stocks, which is great news um. Obviously, right now, amc and gamestop are very much in the news, so when people think about buying socks, it's kind of going right into amc and gamestop, which is awesome - i don't know the overall proportion that's going to come through because gamestop's volume was pretty pitiful today, But amc is absolutely killing it. On top of it.

Amc is also fundamentally benefiting from the fact that california is planning on opening some of their theaters to a certain capacity this week. So, even though, right away, it's not going to directly uh benefit their revenue, but in the long term it will. Obviously we want these businesses to be open back up. That's going to definitely help their revenue in the long run.

Amc is a considerable portion of amc's or california. Excuse me is a considerable portion of amc's overall revenue, so this is a great state to open back up, especially for the theater so exciting about that fundamental development. Amc is killing it with the reopenings from a technical development. Amc is killing it even more.

Here is a look at amc's uh daily chore. If you've been watching any of my videos, you know i've been beating. The drum of amc have a technical gap, though up to 1291. We finally hit that today, from february 1st to the 2nd there was this gap region and finally, today it was filled.

So the next big question is really what's the next level of resistance. We close just above 14, which we'll be watching next. This is the gap fill we filled. It super early this morning, very, very exciting, so to see the next real gap region.

We have to go back to the first time that there was a squeeze and basically the way it's turned out is we do have a little bit of a support at 12.50. Just so, you know that moving forward 1250 is now support because we're on the top side of it. The next big resistance, though, is kind of every 50 cent range. We see some resistance at 1450, then there's a little bit more resistance and it's also a key psychological level at 15 and then past that clear sailing all the way up to 16..

So here let me reiterate all that for all of you tomorrow, so tomorrow i'm looking um. I hope it doesn't get this low, but i'm looking for support to be found at 1350, then from there we're kind of watching 14, 14, 50, 15 and then really all the way up to 16. so um. This is all from the squeeze in late january.

Early february, i'm kind of looking for all this action to repeat: we had great volume. Great follow through amc, showed a crazy amount of strength today, and i have no reason to believe that it won't spill over into tomorrow, which will be tuesday march 16th. Just so, you know quick update as the market closed. There was 1.1 million short shares available.

Overall, if you're questioning can a short squeeze still happen, the answer is yes. Is it highly likely? I'm not arguing that i'm just saying that, yes, the chance of a of a squeeze. It's still there amc showed an incredible amount of strength every day that the stock goes up or even sideways is a win for us and right now, man. I would love for amc to come back up to the 16 17..

I mean today when i was talking on the live stream. I was. I would be super super happy with amc above 20 and i think that's in the cards um. We just have to play technical level to technical level and see how this all plays out, but right now the the stock itself killed it.

We have some positive fundamental updates: the stimulus going out, people saying they want to spend money on the stock market, specifically amc and gamestop. There's a lot of things: favoring amc right now and unfortunately we didn't see that follow through on gamestop. So, let's switch that up for a second uh gamestop. It was at this resistance at 280.

280 has proven to be a big big pain in the butt for gamestop. That's where it was officially rejected today, um today uh, so, oh just so, you know: gamestop gained 25.8 gamestop, actually lost 16.7 percent, so amc killed it gamestop, not so much um. So we kind of have this big you going on. I would love to see a cup and handle pattern if we could swing back from here, that would be official cup and handle, which is a very, very bullish, technical setup.

So let's look for it tomorrow to get above 280, 300 and then um. I think that could put a lot of pressure on everyone who is shorting games up, but overall for more of the 30-minute view. There was this wedge. There was a fake-out breakout on thursday.

Uh excuse me friday. Today it was above it it gapped up above it and then it kind of crapped out on us. Unfortunately, there is a big region of support, though, between 200 and 212 we're looking for that to hold, and on top of that, take a look down here at the rsi, also known as the relative strength index. Basically, it's a very, very common technical indicator that maps out bullish momentum against bearish momentum.

So right now there's a lot of bearish momentum. People love this as a reversion plate as when it gets too bears. They look for the bulls to step in and when it gets too bullish, they look for the bears to step in so basically very, very high. Here it got sold off now, it's very very low.

Let's look for that! Reversion plate in gamestop tomorrow, um in terms of the technical levels, i'm looking for support from 200 to 212, if things get very bad around 185 and then in terms of resistance, i will personally be watching 250, mainly followed by 280. 280 has been a big problem price level on gamestop, so look for that to get broken out of tomorrow. So really that's. What's going on with the meme stops, the the big commentary from me today is: there was a big divergence from the two uh.

It's we haven't seen that in a while, usually amc and gamestop are kind of together, um, not so much today. I don't really know what it means um. Obviously, it just means that people are starting to treat them differently, which is just a unique pivot. I'm not saying it's good, i'm not saying it's bad, i'm just saying that we now officially have some divergence, but i would love for them to both swing back tomorrow.

Remember tomorrow. My big call on gme is for me to buy some more call options that are farther dated to let this play really develop, but outside of the world of meme socks, we have to talk about another sector that really picked up today. Tilray had an amazing day. It's up 10.5 ticker symbol, t-l-r-y apha had a good day.

It is up 10.82 uh cgc had a good day. Basically, all these cannabis stocks had a good day. Cgc was up. Four percent sndl gained 14.

Cannabis was killing it today previously when we saw a movement, it didn't last long, but it did last a couple days. So i'm pretty excited to see how this plays out uh. I showed you guys my portfolio earlier. I do have some till rate calls i'm looking for basically a breakout of this resistance at 30 60..

My next stop that i have is 34. um, i kind of like till rate just because it has nice range, but that does not mean you can't make money on apha ogi, sndl cgc any of those other ones. They really do move as a full sector. So uh make sure you're watching cannabis for the remainder of the week, because we could see some nice movement on it um in terms of some of these other ones, let's check out the daily chart, with bitcoin being so strong uh over the weekend.

I was expecting riot to have a better follow-through. We didn't see that so, let's see how that plays out tomorrow, um tesla. I still have all those calls on tesla. It showed a little bit of strength today, but my strike price for this friday is all the way out at 7.75.

I really might have to roll those. Just like i don't know where the tesla bulls are at um. I thought there would be a stronger follow through. I thought people would be shopping for tesla on discount.

Let's see how this plays out right now, i'm bullish on it. I might have to roll that out. The other big bullish play is pound tier. I love this technical breakout, i'm looking for it to retrace up to 30 sooner rather than later so.

Overall amc had an amazing day, gamestop, not so much, but i'm hoping people come in to buy this dip tomorrow, make sure you're watching cannabis. I'm still going to be watching riot, palantir and tesla. I would love to know which on your watch list - and i would also love to really know why you think gamestop and um amc finally diverged today, thus far in post market. It does look like gamestop someone's buying it up um right now.

Amc is a little bit down, but obviously that can the big casino we call the stock market will be opened up tomorrow. So uh i will be live streaming that starting at 9 a.m. The market. Officially opens at 9, 30 eastern so make sure you're there.

But overall i would love to know your thoughts of what's going on amc, a lot of strength, jimmy a little bit of bearishness but um. I think people will be buying the dip and overall, it's like the cannabis sector is about to run. So i'm pretty pretty excited for that. But i'd love to get your thoughts and a comment below don't forget to join up with the moon gang by hitting that subscribe button, and don't forget that you can get those two free stocks with weibo below one for signing up and then another for depositing.

A hundred dollars until i see you next time from me, chair, inductor, remember best of luck in the markets. You.