Alrighty moon gang, i'm sure, you're beyond curious about what in the world happened with amc and gme in this video i'll, be sharing my own opinions i'll, be doing some technicals of both both of these mean stocks i'll be giving you an update on my portfolio i'll, Be sharing some of my newest positions and mainly i'll, be telling you what i'll personally be looking for in the market tomorrow, but before we get into all that. Don't forget to join up with the moon gank by hitting the subscribe button and also hit that bell. Icon and then switch it to always, so you don't miss any of the daily live streams or any of the fundamental technical or portfolio update videos such as this one so quickly. Let me give you an update on the portfolio.

If you watched yesterday's portfolio update, you'll know that i had some ryan calls. I sold those today for a 500 profit. Um ryan had a pretty good day, because bitcoin itself is running, speaking of which i'm still looking for bitcoin and crypto as a whole to hit a new all-time high, much sooner rather than later other than that, i got a little bit whipsawed by tesla this morning. So i bought tesla calls it started to come down, so i took a 500 loss.

Then i bought tesla puts then it started to come back up, so i took another 500 loss, actually a little bit more um and then uh. Finally, i decided to buy march 1970 775 calls on tesla, so overall, i'm betting on to go up i'll, explain why i did that in the charts in just a bit right now. That position is down 1. 300.

Thank god! I still have my gme call, though, which is up 7 000 overhaul. Overall here is the account check um. So i, on this account i locked in a 1 100 loss today, but uh in un unrealized gains it's still up almost 6k. So that's good and in terms of the other account it was a crazy day.

I mean if you were paying attention to amc and jimmy. You know what's going on, but pretty much at 12 15 things were awesome. I was up 8k, the other account was up. Almost close to 20k, it was insane and then a bunch of market shenanigans happened a so a sell-off.

At one point, i was down two and a half k. At the end of the day, i was up 400 um and i in this one just so you know so i have that new tesla call position on the dip. I try to get um. I try to put my money where my mouth is and i bought a new call.

It expires 319 450 strike on gme right now, i'm up 250 on it uh. I saw the dip as a buying opportunity because i very very much believe in this cause. So that's my new position in the robin hood portfolio. So, overall, let's talk about where they are right.

Now, as i'm filming this um, we are waiting for amc depending on when you're watching this there's a good chance that amc will already have its earnings announcement out. Amc is reporting it's past. Fiscal quarter results uh today, wednesday march 10th. Uh, the earnings call starts at 5 p.m.

Uh the stock closed close to 9 84. right now it hit 10 44 is up to 10 12.. No matter what happens, i'm expecting a volatile move. If the earnings announcement is very good, i'm expecting a huge gap up if they somehow miss or if the ceo says something negative, i'm expecting a gap down.

We closed at 984. I would be willing to bet that when we open up tomorrow with amc that it's nowhere close to that um just so you know that's more of a fundamental thing going on with amc um in terms of the charts. Let me just get rid of this for one second come over here: let's start off with amc, so amc's daily chart kind of an interesting mess. We had a really really good day.

It looked like we were gunning for this gap bill to 1291, which is i'm still calling for that, especially if we have a positive earnings announcement. My technical level is still the top of this gap at 12.91. I don't think it'll necessarily stop there. That's just a major resistance.

I'm i've been calling out. I still feel good about it. I'm still looking for that technical gap, though don't forget market makers love filling these gaps. It's super super common in the stock market.

So in terms of amc, though, right now it's trading at 10, 17 in post market, i still feel pretty good about that 1291 and obviously i have all my amc calls all my amc shares. I would love for it to hit that i'm very, very bullish on it, but this chart is going to look pretty similar to gmes like midday today, around 12 15 things were looking great on both of these and then a lot of things go on. My take of what happened is that basically enough of people with a lot of money, either shorted it or sold their long position, and it put enough pressure on it. Where we had a bunch of paper-handed people who then got scared and we created a snowball effect, which we saw panic and then we saw a lot of selling um, basically what it went from 12 15, all the way down to 9.50.

I can actually tell you like in not much time we dropped. How much was this 21 intraday trading absolutely crazy. In my opinion, pure manipulation like this was in, like i said just in my opinion, not a financial advisor. This seems pretty crazy.

This is not normal stock market movement, especially when you see the exact same thing in gamestop. In fact, gamestops was even worth. Gamestop was training at 344, slowly grinding up all day and then what like six halts later, it drops 49. I will never ever believe that this is normal stock market action.

To me, it shows that a bunch of hedges, a bunch of big money, is still very, very scared and the fact that two insane sell-offs happened in two unrelated stocks, just these meme socks. It tells me that it's manipulation, maybe i'm completely wrong. Maybe i'm a smooth brain space ape, but i'm forgetting something but anyway, on the other side, gamestop did have that nice gap, though we came pretty close. We didn't hit this resistance at 350..

The high was 348.50, so i was off by a dollar fifty, but we were getting pretty pretty close to it and then uh pretty much really all hell broke loose. But the fact that we fought back right in here is where i bought that extra gme call. I think tomorrow is going to be a very, very interesting day, um so amc's up just because it has that earnings announcement tonight. So i think amc will be abnormally volatile tomorrow and speaking of gamestop, so this was posted on reddit.

I will make sure to link this below, but this is another one from hey: it's pixel, so this is very worthwhile to read. I just wanted to talk about this got posted today during all the craziness. Someone wants this to moon, really bad and loaded up on over 60 000 additional options between 300 and 400 expiring, this friday march 12th um. This is an increase of another 20 000 calls from just 10 minutes ago, so people saw the sell-off as a pretty amazing dip buying opportunity.

There's other good information in here. All the shout out goes to hey, it's pixel i'll, make sure to link it below so check that out big movers um. So that's! What's going on with amc and gme, what i can do super quick for you is just give you uh an update of the short position on amc and gme and from there i'm going to pivot very quickly to the overall market bonds had a pretty crazy day. Um so right now the short shares available on amc is up to 1.6 million.

So it tells me some people might have covered into the craziness. The short borrow fee rate is still pretty high and then, in terms of gme, we have um a hundred thousand, as in more people took short positions very, very interesting relative to what we were seeing all day. All day, more people were shorting, it uh and the short borrow rate also dropped by 1.1. So, basically, don't forget that even though it seemed crazy, this is what i was telling the live stream all day.

It was still the green day. Gme still closed up 7.33. Relative to yesterday, every day we're up or sideways that's a win in my build because they are paying an extra fee to swing in overnight, so every night every day that the stock doesn't drop, i perceive as a win for us. So i'm still looking for to come back up to this 280.

300. 319. 350 level. I know today we all feel a bit like emotionally weird.

It was a very very weird day. Both of these took a big hit midday, but i don't think the situation is as bad as it seems so, we'll ha. I think we are just living to fight another day again tomorrow and, of course, i'll be streaming it. I hope to see you there we'll be talking about it, but very very quickly.

Let me talk a little bit about what the overall market did. So we've been following this, especially if you've been watching my update videos. Basically we have this downtrend. We have this uptrend.

So we have this wedge. Who is going to win? The bulls are the bears? It looks like the bulls kind of won yesterday, but then the market closed within the wedge between this red line, this red trend line the blue trend line, and then today we gapped up and we closed above it. So right now it does look like the bulls. Are in control, that's why i bought tesla call options on top of that um.

It does look like the market's coming up, but in terms of tesla, specifically uh for quite a while. In fact, from february 8th up until february march, 9th we've been following this downtrend line. Today we gapped up above it and we closed right above it. That's why i bought calls.

Of course, this could be a fake out breakout if it is we'll come back in it i'll cut my calls and i'll buy puts, but for now we're on the top side of this trend line, i gave myself a week and a half for it to play Out um, i'm kind of looking for it to see how it reacts of course, to 700, then 744, 750 and then pass at 780 and 800. Those are the levels i'll be watching on tesla, but for right now, the overall market, the s p, 500, close on top of the gap and then also tesla closed on top of this trend line. Of course i want follow through. I don't like how it was red day, but i'm also looking at bouncing off of this the rsi.

It looks a little overextended here, so i think there's a couple reasons to be bullish on the market in the short to medium term. But of course, as things develop, as they do each day i'll make sure to keep you updated, but in general for this right now, i would love to know your thoughts on what happened with gme and amc today. I think it was more of a psychological play. I think they were trying to scare a lot of people, but i want to know your thoughts.

Are you still bullish on gme? Are you still bush on amc and, if you're not like what scared you out like? What am i missing? I would love to get your feedback on that overall, though, don't forget to join up with the moon gang by hitting the subscribe button going over to the bellow icon and switching it to always, so you can stay up to date with the live videos or update Videos such as this one and, of course, if you want two free stocks check out, that link to weibo below you'll, get one for signing up and then another for depositing a hundred dollars and until the next time i see you remember from me the duck, shirt And the chair best of luck in the markets, you.