What's going on moon gang boy, oh boy, what a great way to kick off the week! Welcome back to another dumb money recap for today, monday july 26th and our two moon stocks. Amc jimmy in the green green green amc closed out the day at 40 29, which was a gain of almost nine percent and jimmy close out the day, a hair below 184, which was a gain of almost 2 percent. Here's what you need to know about! What's going on and what to look forward for the remainder of this week, quick recap of the overall market. Remember this is the spy in etf exchange, traded, fun, think of it as a basket of stocks, and this particular basket tracks the s p 500 index, which is 500 of the biggest companies in the us essentially, and that's why it's thought to be a good barometer For the overall stock market, but with all that aside, just so, you know it made a new all-time high today, which is pretty good for whatever your retirement accounts, pension funds, all that stuff, probably also in the green green green in reference to amc, don't forget this Week, at the end of this week july 29th, it's the notice of annual meetings of stockholders, it's the stockholder meeting, where, basically, you should vote if you own stock on the date of record, which was june 2nd, you will be eligible to vote now how you vote It depends on your brokerage.

Some people are getting calls. Some people are getting emails, but basically you had to own amc stock on june 2nd right here previously we were voting on five things. This first one was a bit contentious. It was the authority to issue 25 million shares which could lead to additional dilution, but just so you know don't forget.

This was removed as of july 6. They scrubbed that proposal, so it's not happening no one's voting on it. So instead we're just voting on these leftover. Four things: uh, the first one uh board of directors election, the other one is for a public accounting, firm, ernest and young, and then this was to approve the compensation of named executive officers and then the last ones to adjourn the meeting.

So i would say, if you own stock on june, 2nd, if you're eligible to vote, you should vote but remember we're just voting on these bottom. Four. No one at all is voting on the authority to issue 25 million shares to possibly prompt additional dilution, and the reason it's not happening is because they got rid of the proposal, so that will be happening at the end of this week. Just so, everyone knows in terms of ortex.

Today there was a net return of almost 800 000 shares. The short interest was around 14.67 utilization. Around 88.5 shares on loan 95.5 million. Now today, there was a new release for the exchange, reported short interest that came out today, but remember even though it was released today it was valid data as of july 15th.

It's always lagging so at this point. It's what 11 days behind previously, when we've seen this um the next day with ortex, we see a little bit of a dramatic gap up or go down in their short interest estimation. This time we will not be seeing that the reason why is because, as of july 15th, the exchange reported short interest was 79.7 million, while ortex was estimating 80.5 million, so that was pretty spot-on. Previously there was more of a notable gap, as you can see here.

They overestimated it last time, 93 versus 75. That's why, when they readjusted their models when they calibrated the models, the short interest dropped the next day and before that we actually saw gap ups in the short interest because they were underestimating it. But this time very, very close, so we'll only see a minuscule change when it actually updates. In the morning that's amc's ortex update.

Let's go over its chart. The main thing i want to bring to your attention here is for quite a while and actually hang on. I think i could show it better to you here on the four-hour chart for quite a while, in fact, what ever since roughly the end of june. This is the first time that we've seen a new higher low, really i mean from june 25th till now.

It's always a lower low, lower low, lower low same low, but this time from july 23rd, if we were realigned to july 19th, officially a new higher low, which that might mean an official change of trend. So here's what i'm looking for for the remainder of the week. Obviously we know 40 to 42 is an incredible region of resistance, so that would be a very important breakout and i would look for confirmation on a test and break of 46.. I want to get above this previous high that was set on july 21st, so my first target for tomorrow and the remainder of the week is 42 and following that 46 and then there we obviously have the next setup of 50, and i would love to make That update video of the levels to watch past 50, but overall, i'm pretty excited because we look.

We look as if we're officially changing this trend that we saw created at the end of june. Pretty excited about that. I want to see the type of momentum and follow through. We can really generate from this, and i guess this is just more of my own theory.

Opinion prediction: whatever you want to call it, but i don't know like i feel really good, because i just see the size and the enthusiasm of the ape nation community building day over day. So as we start to get some of these breakouts, i think we're going to see the volume pick up. The volatility pick up, and obviously i just want to see some of these gigantic green bars that we've seen previously very excited to see what this officially becomes. Now, to switch gears to gamestop a little bit, they net borrow against cme today over a quarter million short interest up to 15.43 utilization 40.5 shares on loan 8.05 million.

So now that's probably a little bit higher after today's action. So, unlike what i was talking about with amc, ortex did overestimate the shares being short. Remember same thing: they were released today, but they were vowed on july 15th. So, let's rewind to july 15th, the exchange reported short interest was 8 million.

Ortex was estimating 8.8 million, so they overestimated by about 10. So don't be surprised when ortex recalibrates their models this evening and when we wake up in the morning, and it gives us the new numbers. This is going to be lower, but it's not actually telling you anything about the shorts or the shares on loan or anything like that. They're going to remain consistent.

This is just them recalibrating. Their model. We've previously seen this in amc in both directions and we've seen it in gme. I just want you to be emotionally prepared for seeing a slight drop in the short interest, but it tells you nothing about the shares on loan or the shorts.

It's just them recalibrating. This model very, very important thing to understand, like your data source and where it's coming from in terms of gme very very similar day chart setup, we've been trending down, gme has been trending down, actually for even longer i mean ever since the start of june. Just kind of down down down, but now we're seeing potentially that official higher low, very similar to amc in terms of these numbers we're looking for that breakout. The official breakout equivalent to amc's 40 to 42 ranges gmes 180 to 185.

So we want that breakout pass that i'll watch 188.. That's definitely on my watch for tomorrow and then from there as soon as we can break above 200, 210, even more exciting for gme right now, there's been certain periods where amc and jimmy were in lockstep and then they weren't and now over the past week or Two uh not perfect correlation, but a lot a lot of similarities. I would honestly argue that recently - and this is what i've been talking about on my stream - that amc has been seemingly tracking with iwm the russell 2000 index a bit more, at least on an intraday basis. So if you haven't had the ability to drop in on a stream, if you're just kind of checking some things out and seeing what is or isn't correlated, i would highly recommend checking out iwm which tracks the russell 2000 index.

This is a basket of 2 000. Small cap stocks and it kind of makes sense because amc is actually one of the stocks in the russell 2000 gamestop used to be a member of it, but then it was removed in late june. Just so, if you're looking for any of those semantics but overall another be a beautiful day to be a member of ape nation amc and the green gme and the green, i just want to see if we can execute on this momentum and how high we can Really take it we're just trying to drum up some of this enthusiasm and see really where the stocks can go for the remainder of the week. With all that being said, i would love to get your thoughts on amc and gme in a comment below and uh.

Don't forget that if you want to help me out the youtube algorithm, there's all that good like subscribe, whatever all that good stuff, but until i catch you next time for me and chair best of luck in the markets.