Moon gang sorry, i'm trying to mask my disappointment with over exuberance and humor, because, if you're like me and you have a position in gamestop or amc, you're - probably pretty upset today, it was not a fun day in this video i'll give my thoughts on the current State of both gamestop and amc i'll give you, of course, a quick rundown on my portfolio. I did make a fair amount of trades today and then i'll be letting you know from a technical perspective. What i'll be looking for tomorrow in gamestop amc, the market, tesla and all those important stocks that we care about, but before we hop into that, don't forget to join up with moon gang by hitting the subscribe button. If you don't want to miss any of the update videos like this or the monday to friday live streams, sometimes i throw in some extra ones.

Don't forget to go over that bell: icon click on it and switch it to always. So you get notified whenever there's any new pieces of content, and on top of that, if you want two free stocks, make sure you're checking out that link to weeble you'll get one for signing up and another one for depositing a hundred dollars at a bare minimum. You're guaranteed at least a free ten dollars, so it's worthwhile to check out all right, let's hop into it. So before we talk into the current stars of the show, gamestop and amc, let's do a quick portfolio update.

I did make a fair amount of trades today i'll go through this very, very quickly, so um if you've been paying attention to portfolio updates. You know that i would i've been shorting viac because of tiblio, which is our options. Picker service uh, they partnered up with the moon game, there's a link in the description of this video. So i've been short, i had two uh.

Actually three put positions on vac uh strike price of ninety dollars: viac viacom got absolutely decimated. Today. I was in all three at 7 50. i sold the first one at 9, 25, the second one at 12 and then the third one at 17.50.

So i gained about 1 600 from viac. Then i put had some put plays on tessa and man sound the alarm. Not only did i make one profit today on tesla, but i made two: if you've been paying attention to this channel, you know i have the worst time making profits on tesla so um. I took it easy.

I bought two at seven. I sold one at 840, so a profit of 140 and then i sold the second one right before the market closed at 1205, which was a gain of 505., so that was a 600 gain on tesla fnko. Another uh call play from tibio. I bought two really really quick play.

I was in that 240. I saw both at three, so that was a gain of 120 and then other than that i didn't lock. Really anything in i just i'm swinging. Some plays over uh right now i am, i have some put plays on the market betting.

It goes down i'll, be able to explain better. Why, in just a second when i shown you the the chart for the s p 500, but i have four puts uh strike price 385 as of now they're up 15, but i'm i'm swinging them the other one uh once again from tibio tpgy i bought 1750, Puts as of now they're up a crazy 62, i have three of those and i'm swinging them over and other than that. The only new position is actually gopro. I saw the chart, i could show you in a second.

The chart looks a little bit weak to me, so it's just a quick short term trade. I have 25 puts um. The strike price is 10.50 as of now these are up 60 um. So i'm swinging that into tomorrow, i'm looking for a gap fill closer to eleven dollars uh.

So that's my plan on all the new positions i just i'm trying to be as transparent as i can um. What i talk about, i put my money where my mouth is, especially if you're in the live stream. I announce the trade. I tell you what i'm getting in my thoughts but um for all of you who don't have enough time to hang out in the live streams.

I like to give you a full portfolio update to late. You know where i'm at so overall today um i locked in 2.2 000 and obviously that is crazy money. I'm super happy about that, but don't get it wrong uh. As of now, i still have calls on gamestop and i'm down um 97 on them.

So pretty much all my money 250, they expired this friday, not looking good with gamestop getting its teeth, kicked in i'm down 7k. On that and don't forget, i still have my amc calls. My amc shares my gme shares. So, even though i locked in 2.2 k, my unrealized gains is in a worse situation for sure before we hop into what's going on with gamestop and amc, let me quickly give you a quick update on the overall market, the s p 500, of why i bought Those puts this blue trend line.

You can form if you connect the march low of 2020 to the low in october of 2020.. Basically, my point in saying this trendline, it's very, very important. This low to this low. We broke it um to be fair.

The last time we broke it was on march 4th and right away the very next day we got back up into it, so this time i bought puts just in case. We don't get back up into it if the market gets above 389.5 tomorrow and we hold i'll cut those puts for a loss, but this is just a hedge um in case there's a greater sell-off. So that's what i'm looking for i'll be looking to see how the overall market, the s p 500, reacts to the support at 3.85 and below that we have this trend line which, for tomorrow, will be around 383. So i'm watching that 383 to 385 area to potentially lock in some of those profits from the s p 500 put play so overall for the market.

I'm expecting a bit of bearishness um in the market tomorrow, so just be a little bit prepared for that. That's how things are gearing up, and now, let's get to the star of the show, let's actually today, i want to do it in reverse order. Usually i start with amc today i want to talk about gamestop gamestop closed the day at 120, which means it dropped. 34 uh in post market trading, as i'm filming this it's at 116, which means it's down an additional three percent.

So in the past week it's dropped 42. I understand that is very painful. Myself included we're down quite a bit of money, but keep in mind over the past month. It's still up 167, in fact, in every other major time frame, it's in the green right here, 167.

674, 1, 500, 2. 700.. So, overall to take, i didn't want to see a 42 self, that's obviously painful, but keep in mind of where we've come. I mean in one month we're still up 167 percent.

So i just wanted to point out the big picture to you and before we get into these technicals you might be wondering well, why did gamestop sell off so much um yesterday? After the market closed, they did have their earnings announcement um, they technically missed, and i think most of us agree that even at these levels we're still trading above the fair fundamental value for gamestop. But why was it so brutal? And i think it's best summed up in this article gamestop stock is tumbling because its earnings report mattered. After all, not really i wouldn't, even though we miss on earnings per share and revenue um, i think there's something more interested in in this article gamestop stock was falling fast on wednesday, after the company's fiscal. Fourth quarter results to point disappointed.

Analysts, there's also another elephant. In the room, this is the key takeaway. The company is considering selling more stock, which could continue to dilute its shares. So before we got into getting into this, i'm not fear-mongering or anything, they did not dilute shares, they're, just considering it and with missing on the earnings report, and then this potential consideration.

That's why i think so many people panic today to clarify, though the shoot, the there's no official announcement about, share dilution, it's just being considered and whenever there's risk in the market stocks really don't like that in a filing with the sec gamestop said it had been Evaluating whether or not to increase the size of its previously announced 100 million at the market stock sale program, so basically the fear is in the question: are they going to do this? Aren't they going to do this? I don't the way i personally feel about. It is obviously they would do it to raise money and hopefully use that money to help the long-term fundamentals of the company, but ryan cohen. The co-founder of chewie, who joined the gamestop board in january of this year, he's very much against short sellers he's very supportive of the social movement of making the hedge funds pay with him in the room. I just don't see how they would go through with shared dilution.

I truly don't don't. I don't know i'm not on the board. Surprisingly, they don't call up a guy in a doctor and ask me my opinion of if they should dilute the shares or not. I don't think that they will, i don't think, even if they do, i think it would be down the road, but i don't know this is just my opinion on it.

I just want to clarify the dilution, didn't happen, they're, just considering it, and even with that up in the air you can see from wall street analysts that they're all over the map with it. So one of these analysts has a price target of 30 dollars, calling the earnings announcement anti-climatic, obviously he's being a negative nancy, and then we have this other analyst stephanie, who has a price target of 175.. So with with such a disparity with that, that's 145 disparity like why are analysts themselves in such disagreement. Well, the second, the latter one right here - stephanie, who has a price target of 175, argued that the moves by chewie co-founder and gamestop board member ryan cohen, to transform the company into more of a technology firm warrant, a completely different valuation method.

So right now we're not really talking about a squeeze in the social movement, we're talking about like the fair, fundamental value and basically with gamestop kicking butt in e-commerce sales. So this is now trending upward um, so stephanie really really likes that, and on top of that she brought up an interesting point which i haven't. Thought of gamestop has the potential to to participate in the rise of non-fungible tokens or nfts. Right now, if you've been paying attention to the stock market, japhen dolphin tcat, like the list, goes on about all these stocks that are just literally saying nft and the stock is skyrocketing.

So i wouldn't put it past ryan cohen, and the board to be like hey, gamestop is going to get into the world of nfts just for a momentary push which could trigger a short squeeze gamma squeeze, basically, just the stock going higher and higher. There is a lot of opportunity. Overall, yes, gamestop did miss on the earnings announcement. They miss on revenue, they miss on earnings per share.

There was there was no questions, no interesting announcements, just it was kind of boring. The most exciting announcement is that they got rid of their private jet and they hired jenna owens, and that was actually previously announced to be the, i believe, the chief operating officer she uh she's worthwhile to give a quick, google search. She seems to she's pretty awesome. She worked on amazon, she worked at google, so that's a great acquisition for the company uh strong personnel hire, but other than that.

So, yes, we, the company, missed on earnings and there is fear about delusion which once again to fully reiterate, i don't think it will happen there. They look at the possibility of it, but truly i just don't see why they would do it. I just don't see why they would do it now, but i'm also not on the board. I also don't think - and this is where we get into the world of conspiracy theories, but there's been, i mean if you just search gamestop.

If you look them up on google on finviz, there's so many negative pieces that got pushed out like an abnormal amount for any stock um, i don't know if i can't say that anyone's being paid to do it or what's going on this one seems like from Connor smith seems like a legitimate article, but today alone i counted a handful of unmotley fool, four dangerous, robin hood stocks that could lose 50 or more guess what they're talking about amc and gme. Let's get rid of that one next one. These are all in chronological or what is everyone talking about amc, entertainment? You read it once again super negative. These are all from today.

Does amc entertainment deserve to be trading at ten dollars. A share like it just seems like such an abnormal amount. Three of the markets top socks that are too hot to handle, guess what amc on the list like it's just so so like an insane amount of negativity, and i'm just questioning like why. Why are so many different authors all from motley fool! All writing this.

Why mc entertainment is falling five percent today, like just all super super negative stuff? I don't know, i don't know what's going on with it, i don't know why there's so much negativity um, it seems a little suss to me, but that's just obviously my own opinion. So gamestop um before we get into the quick technicals of it. I just wanted to point out the short volume ratio from 20 is 20 percent. As of my most recent update, the short shares available are literally zero.

You can no longer short gamestop. The shorts are that heavy into it, and also as we can see here, the short power fee is apparently not announced um, it's just zero, which is absolutely crazy, um. So that's how heavy the shorts are on gamestop at this moment in time, game stop right. Now.

Uh, it looks like it fell a bit more. It's now down at 116., just keep in mind. It's still up 167 in the past month in terms of technicals tomorrow, not only is 100 a key psychological level, but it's a previous important technical level. So if things get very bad tomorrow, i'm going to be looking for a bounce off of that on the way back up uh, the closest resistance is 158, followed by 185.

That's what i'll personally be looking for in gamestop. Here's a better view on the 30 minute chart for gme, really ever since march 12th just been getting hit, then with um. I don't know less than satisfactory earnings call. Yesterday um no bombshell cool announcements.

It's been sold off. People are now worried about dilution. It got hit even harder, so i'm looking for this support to come in at 100, even outside of the world of short, squeezing or anything like that. If i didn't know gamestop this chart has been so beaten down.

I mean you could even see it in the rsi. The rsi is the technical indicator on the bottom. Here it stands for relative strength index and it basically maps out bush momentum against bearish momentum. It has values of 0 to 100 when it gets very high.

That's a lot of bush momentum when it gets very low. That's a lot of bearish momentum. A lot of day traders swing traders, investors use it for reversion place, for example, when it got very high 350 the rsi was blown out and then it took a breather. It came down when it got very low.

Let's say here: on march 16th, the rsi was super low, hey look at that. We saw a bounce. So once again the rsi is blown out in the bearish direction. It's what's referred to as being oversold.

I am definitely looking for a bounce bounce for the remainder of this week on gamestop and as you're about to see also amc once again, i'm looking for a bounce for the remainder of the week. Now, let's quickly switch gears. Let's look at the big picture on amc very, very similar, and that's because these stocks are being treated in a similar manner right now, amc it closed out the day at 902. Uh it dropped 15.

Both of these are obviously on ssr tomorrow, but anyway amc. It's actually gaining in post markets at 9.25, so it's down 33 a week, but guess what over the past month up 17 over the past three months of 236, so very, very similar. I know we felt a lot of pain today we felt a lot of pain over the past, basically five training days, but still look at any of the other major time frames and they're in the green. I just want you to look at the big picture anyway.

After hitting 1454 amc is now selling off, there is a now gon na be a bit of resistance at 9 40.. The closest support is now nine right, where we close below that 840 840, for whatever reason is very strong technical support on amc um. Once again, we're actually seeing bullish divergence in the rsi. So what is that the stock's gone lower, but the rsi hasn't.

That means that more people are buying here than they were here on this last dip, commonly a sign of e some side, wage trading or even perhaps a bounce so similar to gamestop. I'm looking for amc to bounce for the remainder of this week. That's just my own opinion, i'm not a financial advisor. These are just my own thoughts, so right now amc trading at 9 25.

The closest support is down at 840 resistance, 945, followed by 9.75. Those will be the two targets i'm looking for tomorrow on amc. One overall reminder for you on this whole gamestop amc saga is that i just wanted to bring up the chart of the volkswagen squeeze back in 2008, so when it started to squeeze, obviously it took a while it took a couple weeks. It was above 50 and then lost almost half of its value, and it was trading pretty close to 26 and then it squeezed massively.

This is that volkswagen chart um. There are other charts that shows like a different squeeze. The my point in bringing this up to you is some of these squeezes, no matter what squeeze you look at. This is just like an example: i'm using is, they can go up quite a bit and then take a massive hit and then still squeeze just because we're selling off now.

My point here is: is that that doesn't nullify the squeeze. I know you could say that volkswagen porsche and the german government were involved with with it. Yes, that is 100 accurate. My point is: is that if you just look at any short squeeze chart there, there is a pattern.

I'm not saying it's common, but there is some sort of precedent of a big squeeze and then it sells off considerable self and then an even bigger squeeze, i'm not saying that's what amc or jimi are definitively going to do. In fact, no one knows what these stocks are going to do. Anyone that tells you this is definitively going to happen. They're wrong they're trying to sell you snake oil there you can't call out a price or time the stock market.

Just does not work like that, but there is some sort of precedent for squeezes happening after a considerable sell-off of the initial squeeze. That's all i'm trying to uh bring to your attention at this moment um. So those are my thoughts on amc and jamie. Obviously we're not having a good time.

They took a considerable hit, but i don't think that this game is over. That's obviously my personal opinion. We talked about the overall stock market, so one thing i just want to bring to your attention now is tesla. I know that there's some people interested in tesla who watch this channel um after being range bound.

There was a fake out breakdown. Then tesla was acting strong and once again it looks like we might have another mini breakdown. I don't have a tesla position right now in my public portfolios, i'm invested in tesla in my private portfolio for the long run, but in terms of the short term, i think there's a realistic chance that tesla's coming down to this 600 to 615 range. I think that's a realistic test, potentially a good dip by opportunity, maybe an opportunity to pick up some call options, but we'll be looking for that overall, my eyes, obviously tomorrow, will be on amc and jimmy.

I want to watch the overall market and um i'm going to be looking for tesla to see if i can get a nice dip buy opportunity um in this region, um also worthwhile to point out right here, um just a little bit of bitcoin talk to wrap This up, so ever ever since breaking down um below this trend line here, there's been a bit of weakness, i'm looking to throw in a dip by around 50 000. It's a nice psychological level and it would also be a decent retracement and a period for the rsi to cool off ever since this all-time high at 62 000.. Just a little um bitcoin update for you, but overall i would love to get your opinion on amc and jimmy in a comment below. Are you done? Are you throwing in the towel or i i'm truly am curious, or are you going to continue to diamond hand? It and do you think that the squeeze is still potentially on.

Let me know your unfiltered thoughts in a comment below. I would love to hear it for you. I would love to talk with you beyond 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 new pieces of content, hit that bell icon and switch it to always so you're updating with everything.

And finally, don't forget: if you want those two free socks, you get one for signing up with weeble and the second one for depositing 100, and until i catch you next time, space apes. Best of luck in the markets. You.