What's going on moon gang, i hope that you're having an absolutely phenomenal day, because i know that i definitely am and welcome back to another dumb money update for today, monday august 16th, amc closed out the day at 35 69, which was an awesome gain of 6.63 And jimmy closed up the day, uh just below 164, which was a gain of 0.87 now before we get into all the stuff related to the markets and all that good stuff. Just so, you know, if you've been paying attention to this channel, we recently have been doing a donation drive for a charity, that's near and dear to my heart, st jude children's research hospital yesterday on sunday that did conclude - and i do have a video out there, Explaining everything that went on and all that good stuff, but just so you know if you were a member of this or if you helped tweet it retweet it like it, just get the word out there. I want you to know pat yourself on the back. We ended up raising twenty thousand dollars for saint jude.

That's awesome, apes, together, strong all right so in the market, a hot thing to talk about today. Let me quickly actually bring up the s p. 500 right here this morning it was weird we had a sellout. This morning, and then it ended up popping into close a lot of this had to deal with the current situation.

Developing in afghanistan, specifically kabul and io, means a political expert, a military expert. I just want you to know that the stock market, when things are uncertain, it doesn't like that and usually you see some weakness but then later in the day it was reported that the president wouldn't be speaking this evening and we earlier we listened that. But as you can see, the s p 500 was selling off and then it ripped and closed. In fact, we saw a new all-time high of 447.11.

This is, for the s p 500, a basket of 500 of the biggest companies in the us, and this is a new all-time high. Following the comments uh from the president biden, i do not regret my decision to withdraw from afghanistan. That was a big announcement. Um like i said, i'm not a political military expert, but obviously these types of statements do have an impact on the market.

Hence why we saw a new all-time high before we hop into the oh one, one more thing: s p. 500. I would say that it's going to continue this melt up to around 450.. It's the nice magnet of a price level, it's a key psychological level, i'm definitely watching 450.

in terms of crypto, even though, as i'm filming, this there's a little bit of a decline overall. Crypto still doing pretty strong bitcoin trading at 46, 000 ethereum at 3160 and dogecoin trading at 32 cents, actually coming off at 35, pretty nice and then cardano holding very strong over two dollars. That's a very quick crypto update. I would save for about two to three months.

There we had that rip and then over the past two or three months it was a little bit quiet a little bit of a downtrend, but it does seem like things are starting to weight back up. So i'm very excited to see what crypto in general does from now until the end of the year. Now, let's switch it up and talk about amc and gme in terms of amc. I talked about this previously, but just so you know the ryan reynolds movie free guy, it came out, it beat expectations.

So that's very good in terms of more fundamentals, but what i really want to talk about here is what's going on in the technicals, so in the update video yesterday i was talking about the macd, the moving average convergence on dive engines, and i was pointing how It finally crossed over and that's commonly a sign of switching trends. So when it was green, we were in a bullet trend and then we went over to a bearish trend and now we're. Finally, switching today was day two of the second green bar right here in the macd, i'm looking for a continuation of this strength now for tomorrow, tuesday august 17th. I will be watching the high from august 10th right here.

We have 37 uh 16 and really kind of this trend line so summer 3738. We have this trend line that was formed from these previous peaks um. So i will be watching that a breakout above that and a definitely a that's 40 to 42 region. If we get that double confirmation, a trendline break, a region of resistance, bring i'd feel very, very strong about a test of 46 and then above 46, which was this high from july 21st.

Man, oh man, i think we're gon na see some serious fireworks. In my mind, previously back in the may late april early may, when i was talking about 1450 being a big confirmation and a huge technical breakout. I think this is the new age right here. 46 would be kind of that equivalent for this go around, at least in my mind.

Let's go to a little bit of a smaller time frame. Just so, you can see what's going on here, a little bit more of a detailed picture. So we do have a higher low from august 5th to august 11th and we kind of are getting this trend back up. But as you can see the spike from the right, the during post market, when we were doing the earnings announcement, adam aaron and the cfo, also speaking, there's a lot of excitement right there and we did see this high around 38.25.

So this tomorrow could perfectly align with this trendline, so i do expect a little bit of mess in there and then we also have resistance from 40 to 42. So that's why this region 38 to 42, is becoming incredibly incredibly important and on the north side of that, especially on some serious volume man, oh man, i think things could get exceedingly exciting so for tomorrow, i'll be watching kind of where we stalled out today. Around 36 and then i'll be watching uh roughly in this region like we just we see some support, some sort of resistance. So really, honestly, if you can't hang out on the live stream all day, it's kind of easy at this level in the high 30s, it seems to be every dollar 36, 37 38 and then from there, the region of 40 to 42 in terms of ortex.

So there was a net return of 1.8 million, but when you're talking about shares on loan of 112 million, it's really not that much. The utilization is at 92.53 percent. It's gon na be a little bit lower after the decline today in the borrowed shares. The net borrowed shares.

The short interest is 18.9, so very, very high. I mean the highest we've seen here today is around 19.6, so we're definitely within striking distance of that, and i did get this question a little bit today. Just for those of you who are curious about the average age of the shares that are on loan about 41 days, all right now, let's switch it up to gamestop gamestop they're, not moving really in lockstep anymore, but their price movement does seem to rhyme. Quite a bit uh, so gme their macd actually crossed over four actually five trading days ago and right here.

What we're looking for is for it to finally hold above 164 after that 175 and then i'd be watching the 190 to 200 region, and the closest support is right around 158, but both of these amc and jimmy definitely turning back around and trying to break out Of some bearish downtrends that we've seen over the past month or two in terms of ortex uh, not much in the net borrow today. The short interest is 10.34 utilization 42 and shares on loan 6.75 million. Just so you know, i saw a little bit on social media today in reference to gme trying to point out. The short shares were 7.66 million.

At one point this was accurate, but if you look, the release date was august 10th. This is the exchange reported short interest, but the settlement date was july 30th. So i do agree at one point in time. Gme had shares that were short against a company of 7.66 million, but it was valid as of july 30th, so that kind of is old.

Data and as it being august 16th right now really doesn't have much impact on what we're currently seeing or doing it's just kind of some old data. But overall, eight nation holds your head high today, very very good show up and performance with saint jude, i'm so happy to be a member of this community. We raised 20 000 in terms of the political happenings in kabul. Aka afghanistan pay attention to that.

I'm expecting some higher volatility depending on your thoughts of it. It might be worthwhile for you to look into some of these companies that engage in defense contracting, such as lockheed martin boeing, raytheon, just to name a few. If you wanted to look into that, but in terms of amc and jimmy things are looking, bueno bueno bueno very excited to see what the remainder of this week brings and until i catch you next time from me and share best of luck in the markets. You.