What's going on moon gang, i hope that you had an enjoyable holiday break from the markets, but we are now back at it again with another dumb money. Update today is monday november 29th and in this particular update, video we'll be talking about the new rona variant and its potential impacts on the overall market, we'll be talking about some crypto and some very exciting crypto updates, as they relate to both amc and potentially gme, And then i want to get into a little bit of the data stuff that i see being discussed throughout the community. So with all that being said, let's hop right into it. So the two trading days that straddled the holiday of thanksgiving were not good trading days and it mainly had to do with this covid omicron variant poses very high global risk and is likely to spread obviously with headlines such as this.

It's going to breed some fear in the market and remember the market hates unknowns. Now before i get into all this, please understand: i'm no doctor, i'm no scientist, i beg of you to please do your own research, but here's the skinny on the situation. There have been many variants of kova 19. This is one of them and it seems that it's making headlines and kind of getting this press because it seems to be, i guess it has a high level of transmission.

It seems to be spreading pretty rapidly throughout south africa, the from a viral biological standpoint itself, there's over 30 different mutations, so it seems to be abnormally different compared to the other variations and that kind of brings up into. I guess question the efficacy of our current vaccines, but earlier today the pfizer ceo did state that they believe the current vaccines will help in some sort of manner with this particular variant. It's not like so different that there's going to be no efficacy, but overall, this is a bunch of unknowns. The stock market doesn't like unknowns.

We saw that various countries are already shutting down travel to various south african countries to try to stop this beyond it. It's bringing up some panic because we're trying to people are remembering what happened when this was all first announced in february march of 2020 and how quickly things shut down, and do i personally think it's at that degree. No because i think the world's a little bit better prepared, we do have some vaccines out there, so i don't think it's exactly like an apples-to-apples comparison, but with it it's a bunch of unknowns and, like i said the market doesn't like unknowns to my understanding. It's going to take about two weeks for us to get more solidified and statistically valuable data on the entire situation, and, of course, as that comes out i'll, keep you updated on it, but here's the main things you need to know for now the covet omicron variant Is likely to spread further and poses a high global risk? It warned monday that surges of covent infections caused by the variant of concern may have severe consequences, and this is all according to the world health organization.

Just minutes ago, before i started filming this, we have commentary from the fed chair, jerome powell, how to tell senate omicron variant poses downside risk to economy. No duh complicates inflation picture. I think any of us paying attention to what the federal reserve had to do with the first bout of this virus kind of knew that this was coming. So the federal chair, jerome powell, believes that the omicron variant of covet 19 and a recent rise in corona virus cases pose a threat to the u.s economy.

Worries over the new variant could reduce people's willingness to work in person which would slow progress in the labor market and intensify supply chain disruptions sounds like he's just looking for a reason to print even more money. Treasury secretary, janet yellen, will join powell on tuesday in testifying before the senate banking committee once again, that is on tuesday, so tomorrow, november 30th, both yellen and powell will be speaking about this in relation to the market. So if you care about the markets in any shape, former manner, uh, probably worthwhile to at least see the synopsis of what they do or don't say so in terms of the actual market, today was a decent day. The s p 500 up 1.2 percent.

The queue is up 2.17 and the russell was pretty much break even um. So when this happened on friday, the half day of training following thanksgiving when we started hearing that travel will be shut down to, i believe, eight different south african countries. It was not a good situation from the close on wednesday to the close on friday. It was down 2.2 percent now in certain equities.

That might not seem like something, but in the overall market. That's that's a lot of money. That's that's billions! If not trillions of dollars that are disappearing from the system, fortunately, today grabbed up and it went green. So that's positive, it seems like some of those fears are being shaken off.

So maybe that's making me a little bit more optimistic, but definitely something to pay attention to the spy in the queue is looking very similar tech having a good day, the russell a little bit different. In fact, the past i would say month has been looking different for these three indices: the spine, the q's somewhat similar the russell kind of divergent in a negative manner, which is unfortunate, especially if you're following amc. But before i get into amc very quickly with your crypto, crypto is bouncing, as i speak right now, real time. Bitcoin, getting this technical breakout would love to see it above 59, 000 and a half and really that's 60 000 breakout, and then i think we're testing 64.

ethereum coming back fighting at 4400 solana a little bit behind, but still above 200 and loopering. I've been watching that more recently, just because of all the rumors surrounding looping gamestop and the nft marketplace um, so definitely maybe at least something worthwhile to throw onto your watch list for all of my current viewers, who are big fans of sheeb shiba inu. This came out from kraken and it's it's better late than never new listing on crack and cheap deposits begin now. Trading is live november, 30th.

So as soon as tuesday uh kraken she be new. She you can get it. So i like this because now it gives this crypto project more access to the people who are on kraken who might want to buy it. So hopefully we see a nice spike in demand and in fact, because of all this, we did see some excitement today in chib it went from around 38 39 all the way up to 45 at one point now currently trading at 43..

Currently, as i'm filming this up, 8.2 percent eight point four percent, so nice gains on sheep on this news now continuing to talk about crypto and amc, loving, this crossover loving it it's a fire crossover. This idea came from you. This is from adam aaron, the ceo of amc partnering, with sony pictures for amc. First, ever nft more than 100 unique spider-man nfts, giving free to the first 86 000 online buyers of usamc december 16th tickets for spider-man no way home only for subs premier, a-list and investor connect members, so basically vip members.

Then he followed up right here. Our amc. First, ever nft with sony pictures in spider-man no way home caused amc's online ticketing traffic sunday night monday morning to soar to the highest ever in amc's entire history. Oh, did we sell tickets, but we are sorry, wait times got long with the unprecedented volumes following up on this.

This was posted by cnbc spider-man, no way home ticket to man, crash box office sites and that's a good thing. It definitely is so, first of all, amc's site itself didn't actually crash, and this was a clarification from adam aarons when he was on fox with liz clayman. Today it went very slow, but in a way, as an amc investor i'll take that because it just shows the immense amount of demand and the more the man the better it is for the company, the better. It is for the stock and midnight on november 29th tickets for the latest marvel cinematic universe.

Film, spider-man, no way home went on sale, crashing domestic movie ticket sites. This kind of fervor has not been seen at the box office since 2019 when advanced tickets for titles. Like avengers, endgame and star wars, the rise of skywalker went on sale box office. Analysts say it is a positive sign for the movie theater industry.

Well, it doesn't take a box office analyst. Anyone that's saying yeah, like that, with a brainstorm could figure out that a high amount of sales would be good for the box office. So more going into adam aaron's discussion with liz clayman. Today it was exciting stuff, literally in the league of avengers end game.

One of the top two movies ever the fact that sales are there adam aaron, did say today that he believes this is obviously going to be the best movie of the year outshining black widow, outshining shang qi, and then on top of that we have other exciting Movies still to come in the pipeline. This was discussed not only in the interview today which, if you want to see that that is on coors light i'll link it in the description below. If you want to see exactly what he said, but it's going to be when the scenarios where the fourth quarter is better than third is better than the second is better than the first. So as this year has been going on, the company's been getting stronger and stronger and stronger, so i'm very, very excited, and with all of that, it's just the thesis of why people are shorting.

This company is because they think it's fundamentally overvalued, and you see headlines like this. You see developments such as this. You see outside of the box. Thinking like this, it is just continually weakening the short thesis now before we do the breakdown i want to go over.

Some of these ortex numbers, so the estimated short interest right now estimated, is around 15.83 utilization 73 and shares on loan 85.55 million. When we take a look at the charts because of the insanity on friday, with the market panicking, we did have a bearish breakdown. I cannot sugarcoat this for you. This breakdown of the wedge is not a good sign, but this has also happened previously on october 27th, when it was a fake out breakdown.

I have my fingers crossed knock on wood that that's exactly what's happening once again, i'm looking for amc to catch itself at 36. We have additional support at 34.50. We want those two levels to hold and for it to break to the upside and get above 39.66 around 40 and then hopefully, really actually break to the upside of this wedge. So that's mainly what i'll be watching there and it might be a little weird with the overall market figuring out, what's going on with the new variant, but as those headlines come in in mid-december of spider-man, just breaking records continuing to break records.

Obviously, that should bode well for the stock in terms of gamestop. The estimated short interest is 11 utilization 27 and shares on loan 6.34 million. So the exciting thing going on here before we get into the technicals is just the continued. I guess i have to say rumor, because it's not yet 100 confirmed, but in my book we're close to getting there but the entire effort of gamestop to create an nft marketplace.

If you look on gamestop's website, they just posted another position that they're looking to hire that relates to an nft platform. So the fact that the company itself is hiring people for an nft platform like that's in the name i feel like. Why do we have to call it a rumor, but anyway i love that it's exciting. I love that both of these companies are getting more and more into crypto.

In fact, one of my biggest qualms with amc was like i like that they're taking cryptos payment. I just want it to be more in a crypto and now it's in nfts, so that's very, very exciting. From a technical standpoint, i'm obviously looking for a gamestop to hold this support of 196 would love for it to hold a psychological level of 200 and really we need it bend back around to get above 217 223. This region would love for that breakout.

So right now the technicals not the most exciting on amc or jimmy a little bit boring. But fundamentally, what's going on uh business leadership wise, i love it. I love amc nfts. I love gamestop.

I've been i'm very bullish on crypto, i'm bullish on nfts, and i love that they're doing an nft marketplace and i would strongly argue the fact that amc is now in the world of nfts and gamestop is strongly most likely building out an nft marketplace. I think the potential of a partnership got much more likely once again. This is not confirmed. This is my own opinion, but we're talking about a company.

That's making nfts in another place, another companies that has an nft marketplace. Both of these companies are the most highly discussed equities in the entire world this entire year. So i mean that that crossover event that collab will 100 be a fire mixtape. I, like i said i don't think it's confirmed, but the potential of this situation.

I feel like i'm reading the writings on the wall and even if it's something as awesome as like amc with marvel, though let's say they make like 10 000 specific marvel nfts and they exclusively sell them on a gamestop nft marketplace. So now you have the amc fans, the gme fans and the marvel fans i mean. I think something awesome is brewing in the background, but time will tell the final thing i want to leave you with here is maybe a little bit of data confusion. So amc around 16 gme around 11.

Today people were on finviz amc coming in at 8.7 and then jimmy coming in at 113. So i cannot confirm this yet i reached out to finviz and i asked them: where do you get the data? How often is it updated as soon as they respond back? I will let you know, but for now i find this to be highly suspect. Two main reasons. First reason: if you look at any stock, they all seem to be off.

I looked up tesla apple, microsoft. Any of them it wasn't exclusive to these two, according to finvis and second of all, this type of data short data is very expensive, very, very expensive finviz. This this is the free version of it um. It would be literally as a business.

You would not be able to give out accurate short data that it's timely for free. It is extremely extremely expensive. That's why things such as ortex and unusual whales. You have to pay for it and then things like yahoo and finviz are free and that's why their date is normally off, because it's just an expensive thing.

No such thing as a free lunch, but once again as soon as i can confirm it and get it back from finvis i'll, let you know, but i am highly doubtful that the the short of the float on gamestop, amc or really any stock is being accurately Portrayed in finviz in real time or even close to real time just want to leave you with all of that overall. That is the update i have for you today. If you enjoyed it - and you want to help me out, it would be much appreciated if you could drop a like and hit that subscribe button. That type of engagement helps creators more than you could possibly know so, really not just for me, but any of your favorite creators.

Don't forget to drop a like leave. A comment subscribe, do all that good stuff, but, most importantly until i catch you next time. For me and share best of luck in the markets.