What is going on moongig, i hope you're having a downright amazing day. My name is matt, and this channel is all about stocks trading and investing now in this video i'll be giving you an update of the public portfolio i'll go over a quick recap of kind of what happened in the stock market today i'll be letting you know What i'll specifically be looking for tomorrow, and on top of all that i'll, be letting you know why. I am specifically extremely excited for what's about to happen in amc stock, but before we get into all that, don't forget to join up with the moon gang by hitting the subscribe button. I'm on my journey to 100 000 subscribers and your help with that would be much appreciated.

Alrighty then, let's hop into the video. So when the stock market closed today, this public portfolio was down a thousand dollars, we're sitting just beneath 16 grand. You know honestly in earlier today like halfway through the day. It was much much worse.

We were down three and a half thousand, and the reason for this massive swing back upward was actually because of this tesla put play. I was calling it out live during the live stream. Basically, i had two of these put contracts. I sold one um if you want more of a in-depth breakdown of what's going on with tesla and why i need to do it and what i see happening tomorrow make sure to check out the ev update that will also be coming out the same day as This video, but that's basically the main play that saved me.

I have one more i'm swinging it just to see what happens but other than that um. I still have my riot calls. I have that one tesla put left over. I still have the cciv calls.

Besides, amc cciv is my main watch for tomorrow, because we're expected to hear about the merger spac deal with lucid motors and i still have those palantir calls uh. So those are the main options other than that i didn't touch any of the stocks. Just so you know, i'm still invested in my bitcoin and ethereum just to keep everyone updated on that, so as for what happened in the market today before we get into why i'm specifically excited excited about amc. I just want you to know this is the daily chart for the s p 500, which is an etf exchange, traded fund that tracks some of the biggest actually 500 of the biggest companies within the us? It's a very good barometer of what's going on in the stock market, so from a technical perspective, it's been training in this upward channel and in the world of technical analysis.

That is also referred to as a bear flag. You heard me right: it's called a bear flag because they commonly break downward granted the last three times that the s p 500 tried to break downward. The bear cam stepped in right away, but i just wanted to bring it to your attention because it looks like the s p 500, which trades under spy is once again knocking on the door of this bottom trend line. This is worthwhile to know, because it gives you a better idea of what's kind of happening in the overall market if it drops there's a good chance that your individual stocks could also be struggling.

But if it bounces right off of this and then trends back upward to this top trend line, obviously that would be bullish sentiment for the stock market as a whole. Just something worthwhile to mention now, as a quick recap, bitcoin had an interesting day over the weekend. It hit a new all-time high of 58 000.. The early this morning there was a flush below 50 000..

I believe that they were stop loss hunting. Ah, this scared a lot of people out, but right away it was bought back up and now we are once again pushing 55 000., i'm very much looking for bitcoin to hold fifty thousand. Maybe fifty two thousand five hundred uh i'd feel much more bullish on it. If you can hold that in the short term, but just to recap in the long term, i'm i'm fully planning on holding my own bitcoin for years to come same general thing with ethereum.

It hit a new all-time high over 2000. It had that same flush sail off sell-off that we saw earlier, but then it was re-bought uh. So i'm looking for this to trend back upward. I would love for it to get back in these this wedge right here by these two white trend lines uh from there once it gets back up in there, i'm looking for just another test of 2000 to see how it reacts there, alrighty uh, and just so You know a quick recap: this will be in more depth.

In my other video tesla was very much hit. Today dropped 8.5 percent uh, i'm looking to see how this one reacts to that key psychological level at 700. Neo also took a pretty sizable hit today. I'm looking to see how that one reacts to 50 overall there's been some blood in the water when it comes to the stock market.

Granted there have been some very green stocks, but overall just be careful mind your risk, but the thing that i'm specifically very very excited about tomorrow is one cciv. We're gon na find out what's happening with lucid motors um. So, even though the eevee sector did have a pretty rough day, loosened motors um, it is up 8.8, but it was essentially trading sideways. So this one i'm expecting big big volatility.

I think it's, the flip of a coin it'll either go very high, very low, but pay attention to cciv we're waiting to hear about. What's going on with loosing motors, i would love for it to break above this 65 resistance, but let's wait and see how that plays out. Make sure it's on your watch list. But one of my main watches for tomorrow, because i'm very excited it looks like amc - is once again alive now before we hop into a technical breakdown of what's going on with amc.

I just wanted to bring this to your attention. This was just announced today on february 22nd, movie theaters in new york city can open in march at 25 capacity, so they're targeting march 5th, which is about two weeks away once again, they're looking for 25 capacity granted, this doesn't directly impact amc, but in the end It will help them. Obviously, this will include some amc theaters, but if anything, i think this is more symbolic that the world, the u.s specifically, is getting back to with the quote-unquote new normal, which will obviously be beneficial for leisure activities such as watching a movie. So this is the main news that i'm seeing that's related to amc, but overall it seems like the sentiment of our world.

Turning back to normal is good and obviously that would be a massive benefit to amc's core business, but on the other side, more from a technical perspective. I love what we're seeing in amc amc to gain today gained almost 15 percent in after-hours training. It's up uh around nine percent, so after this borderline short squeeze up to 26, amc has been getting crushed uh more recently, if i just zoom in a bit here, you're gon na see that it broke out from this trend line. But since then it's been kind of trading sideways and just to clarify if you're new to the channel here's what's going on on the screen now i know it could be a little complex, but give me a second to explain.

So these yellow lines are just technical lines of support and resistance. When i say support, that's just a price level that the stock has bounced off of and when i say resistance, that's the price level that the stock has been rejected by in the world of stock trading. Previous resistance act as resistance in the future and the same with support, but what's more important, is that support can turn into resistance, and vice versa. That's why we keep them mapped out, because we know they can be important in the future.

On the bottom, we have the rsi, which stands for relative strength. Index happens to be one of my favorite technical indicators. It won't come into play too much on this particular video, but just so you know when it gets very high. That's a lot of bullish momentum.

When it gets very low, that's a lot of bearish momentum, so why am i so excited for amc, not just tomorrow, but for the remainder of the week? So after this technical breakout, amc was just trading sideways and unfortunately, it broke down below this bottom trend line, which was kind of some bearish action, but most recently let me make this even bigger. Amc started to track upward and in the chat in the live streams. I've been saying: okay, six dollars key psychological level, humans love those nice round levels and amc for quite a while was knocking on six dollars door. It would get above it get rejected.

We saw the same thing at 6, 25, but today, after getting above 6 and 6 25, i knew if we got above that the next major resistance would come at 6 and 50 cents. We saw a rejection there on february 18th, another rejection on february 10th and it acted as support back in february so clearly and was also support in january 28th. So clearly, a lot of shares are being exchanged, hand at exchanged, hands at dollars and fifty cents. So if i knew i knew if we could get above that, it would be very bullish, price action.

Fortunately, right at the end of the day today, we got above that and it seems like we're shooting up right now in post market training, we're trading already above seven dollars. I have this next price level mapped out. Uh 740 is the next major technical resistance. I'm uh going to personally be watching so when the market opens tomorrow, uh post market today pre-market tomorrow in normal market action tomorrow, i will personally be watching 74, 7 and 40 cents if the stock can get above that on some serious volume and it can hold.

I think i truly think that the next stop will be eight dollars and 40 cents. As you can see, the velocity is picking up there's a lot of exciting things going on, so we have that positive, fundamental development with the world tracking back to normal, but, more importantly, from a technical perspective, people are once again excited in amc, the volume's picking up We're seeing a lot of bullish action, uh, i'm just i'm here to ride it, i'm invested in amc. My own average is actually up here in the mid eighth, so i have quite a bit of um range to get back to where i'm break even, but i will diamond in amc as long as i have to i'm loving this action. I know it was getting painful for a bit, but i think that things are starting to finally turn around for amc, of course, as this shark continues to develop i'll make sure to keep you updated, feel free to drop by in a live stream i'll also post Uh continue to post clips like this, so we know the updated technical levels, but when it comes down to it, look for six dollars and fifty cents to transfer from resistance to support.

We want that to hold, and then the upcoming resistance now is seven dollars. And forty cents past that i'll be watching eight dollars and forty cents and look for this volume to get the volume and the velocity to continue to pick up. Thank you very much for spending a portion of your day with me. Don't forget, you can stay up to date with the moon game by hitting the subscribe button and then going over to that bell, icon and switching into always, so you don't miss anything um, i'm on that journey to 100 000 subscribers.

Your help with that would be truly truly appreciated and don't forget that if you want to become a part of the awesome moon gang discord, community there's a link to patreon patreon will help you get signed up with that discord. If that's something that you're interested in and until next time best of luck in the markets, you.