Ape Nation: The Shorts Have Not Covered πŸ’ŽπŸ™Œ
AMC & GME -- Dumb Money Update
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gamestop, gamestop stock, gme, gamestop short squeeze, gamestop stock explained, gamestop explained, amc, amc stock, amc stock prediction, amc live, amc stock live, amc short squeeze, amc squeeze, amc price prediction, gme stock live, gme stock prediction, gme stock analysis, gme stock explained, gme stock short squeeze, gme stock news, tesla, tesla stock prediction, tesla stock analysis, tesla stock today, matt kohrs, matt kors, stocks, stock market, investing, trey trades

What's going on moon gang, i have a really quick, dumb money update for you today on tuesday july 27th, and the reason it's going to be quick is because not really much happened in the market. Today, amc closed out the day at 38.01 and jimmy closed out. The day at 178.54, just before we get into that, i kind of want to point out something you can see this on finvis fin viz, and this is kind of a quick uh cool. Look at the s.

P. 500. Don't forget s p! 500! It's an index that tracks 500 of the biggest companies in the us, and this is those 500 companies. You can see kind of where the weaknesses and today kind of in the top left here - apple, microsoft, google, facebook, amazon, tesla and that's kind of what's dragging the overall market down.

And this gets a bit interesting because here are the ones that are actually reporting. As i'm filming this because the market just closed and all these earnings announcements are coming out right now, as i'm speaking, apple's reporting amd alphabet, which is google visa, tesla, actually reported yesterday and then don't forget. Tomorrow morning we have boeing and shopify and pfizer mcdonald's. A lot of important earnings announcements coming out right now and i just wanted to kind of preface that, because yeah we can look at the technicals of the s p 500, which is tracked by the etf spy.

But to me yeah. We can see some technicals that i'm about to hop into, but we do have a very important fundamental driver, depending on the success of major companies such as apple, google and microsoft, that can easily prompt a gap up or a gap down. So i just want everyone to know that, but overall here's the s p, 500, because it is a kind of a tracker of 500 of the biggest companies in the us. That's why it's thought to be a good barometer for the overall stock market.

As of yesterday, it hit a new all-time high and today it took a little bit of a breather. So, from a technical perspective, barring all those earnings announcements, i would point out how yeah the s p 500 has gone higher, but the rsi down here the relative strength index, which maps out momentum has gone lower. This is a mismatch and it's referred to as bearish divergence. Basically, it went higher, but the rsi went lower, and that means that there's less bullish momentum here than there was previously - and this is commonly indicative of a future decline or at least a consolidation.

So, like i said, barring those earnings announcements, i would be a little bit more bearish. I don't know if i'd be too keen, especially on this one, two, three four five green day run-up period, i'd be a little bit hesitant to buy even more now but, like i said this, this is to me right now, not a technical play. We're kind of waiting to see on how all these mega companies do in their report so pay attention to that and it it's going to have an influence on the market tomorrow, and this is important because it relates to iwm, which is another index. This is an etf that tracks the russell 2000 index, which is 2000 small cap companies.
That amc is a part of, and over the past week or two we've been seeing, that amc has definitely been tracking with the russell 2000 on an intraday basis. Speaking of which here is a look at amc. Like i said early in this, video started off really not much not much going on not much of a. I guess difference in the technical update than i gave yesterday, we're still mainly looking at that region of resistance between 40 and 42, and we have support around 35 and then 33.5.

The name of the game, at least in my humble opinion right now, is to break above 42 test and break above 46 and then see how we'll react to that key psychological level at 50., in terms of the or text numbers, there was a net return of Almost a million shares today and the short interest is still a considerable 14.78. The utilization after today probably dropped a little bit below 90 and the shares on loan, probably around 96.5 ish million, but don't forget. These live updates are 60 percent of legal, legitimate, transactional volume and up here this, these numbers are based on 85 of legal, legitimate, transactional volume. So with that, obviously we still have 25 to go for the update from this evening to the morning, so these numbers could drop a little bit.

But if i had to estimate now i'd kind of predict, a small, very small minute decline in utilization shares on loan and the short interest now, let's switch up gears to gme kind of the same story, not much of a change a boring day. I mean overall, let me check this out. Amc had a volume of 54 million, not much gme had a very small volume of 1.15 million. I mean this was actually half of its volume of its average volume over the past 10 days, very, very kind of low boring, watching paint draw on the wall kind of a day, but in terms of its chart same thing.

We're looking for to recapture that region of 180 to 185, and then i want to see the test of 200 to 210. We do have support around 175, also a key psychological level and below that we could watch 165. in terms of ortex. There was a small net return against gme today and then there was 13.78 clocked in for the short interest.

Utilization 41 shares on loan 8.2 million. So overall, today not really much going on amc and gme. They had a small drift down of the day, but i think it's just like. I said it was watching paint dry on the wall kind of a boring day, but i do think there's at least more potential for some fireworks in the overall market, because we have some mega companies reporting and that could prompt some volatility in the overall market, which Could then prompt volatility in individual stocks? So, let's see how tomorrow ends up playing out.

I would love to get your thoughts on both amc, gme and the market at large in a comment below and until i catch you next time from me and chair best of luck in the markets, you.

30 thoughts on “Ape nation: the shorts have not covered”
  1. Avataaar/Circle Created with python_avatars Philip Davis says:

    yea man what u doin. are u doin the doin. I did it baby I got punched but now I'm champion of the box world. what u doin

  2. Avataaar/Circle Created with python_avatars Justin Yocom says:

    funny how Robinhood says AMC has a 28billion dollar market cap with 501 million shares at 38.90. I mean I did the math and that price per share with that many shares in existence totals an actual market cap of 19 billion, so if Robinhood thinks the Market Cap is 28billion at that share price, then they are under the impression that the total shares outstanding is 726million. Now every time a share is sold short has a buyer on the other end, and if you sell short without actually borrowing(naked short), then what is that person on the buying end of trade actually buying? A legitimate synthetic share being held by your broker(robinhood) on your behalf. I believe that Citadel routed the buy end of naked short trades to robinhood investors, which would explain why robinhoods market cap for AMC is 9 billion dollars higher than every other brokers market data for the security. This is also happening with GME, NOK, and BB. Now what happens when a broker goes out of business? The insurance provided by the SIPC will insure investors money at a max of $250,000 cash, and $500,000. But what happens to the rest? Because according to the math there are 225 million synthetic shares sitting in robinhood accounts. Do those shares just cease to exist along with any financial commitment to buy them back by the hedge funds that shorted them? Now take Robinhood having their IPO this week. Its in Citadels best interests to put that broker out of business. I believe this is the mother of all attempts at an exit scam in the entire history of the stock market.

  3. Avataaar/Circle Created with python_avatars The Great Satan says:

    I'm pretty sure they're never going to have to cover

  4. Avataaar/Circle Created with python_avatars chris Hastings says:

    Don't forget there is inflation meeting today as well

  5. Avataaar/Circle Created with python_avatars Masterbaiter says:

    What’s tomorrow’s grift going to be πŸ˜‚

  6. Avataaar/Circle Created with python_avatars Daniele Schettino says:

    What do you think of Kenan Grace's theory expressed in his latest video? "the possibility that HFs can use the money on loan from the NSCC to continue to short"

  7. Avataaar/Circle Created with python_avatars Heater64k says:

    It’s simple. I like the stock and I love my apes.

  8. Avataaar/Circle Created with python_avatars David-Michael Ross says:

    Matt you have to look at Lou versus Wall Street's very last post it's
    called LOU GOES SCORCHED EARTH You have to use your influence to counter
    his misinformation, of course in your own diplomatic way β€” You have to
    let our Ape brothers Sisters know this by clearly explaining how this
    "controlled squeeze" should operationally work. His influence can have a
    bad impact on our goals as apes. He sounds like he has given a
    timeshare presentation all this time and this man has gained lots of
    Apes' confidence — i.e. he is a con man.

  9. Avataaar/Circle Created with python_avatars richard marous says:

    Facebook banned me for saying Game Stop.

  10. Avataaar/Circle Created with python_avatars Baskets Resale says:

    The Shorts have yet to cover
    We shall win this battle
    One day at a time our Diamond hands will be filled w Diamonds πŸ’Ž

  11. Avataaar/Circle Created with python_avatars lara stephaine says:

    Many investors view stocks as a price that moves on a computer screen only few grasp the fact that behind every stock there is an actual business.

  12. Avataaar/Circle Created with python_avatars Average J says:

    Just a matter of time, almost got xxxx πŸ’ŽπŸ™ŒπŸ¦§πŸ€‘

  13. Avataaar/Circle Created with python_avatars Joshua Bernhard says:

    Please do a collaboration with Treys cat. Just running around in the background

  14. Avataaar/Circle Created with python_avatars Luis Martinez says:

    Honestly…I dont mind the squeeze taking so long, not only is it gonna back fire hedgies in the long run but its gonna save me some $$ on taxes since a lot of apes started investing early in the year and havent had the shares longer than a year

  15. Avataaar/Circle Created with python_avatars al Stasiak says:

    How do u really know they haven’t covered?
    So many fake numbers it’s crazy.

  16. Avataaar/Circle Created with python_avatars Victor da Vinci says:

    another week, dozens of YouTubes talking about new information, new regulations, new this new that.. it all just seems like talk at this point.

  17. Avataaar/Circle Created with python_avatars TheMeirgabay says:

    1. BUY MORE AMC SHARES !!!!(EVEN ONE..) DO NOT "WASTE&CREATE" OPTIONS !!!!!!!!!!!!!!!!
    2. H O L D ! ! ! ! DO NOT SELL JUST AVERAGE DOWN. !!!!!!!!!!
    3. DD ALL THE WAY !!!!!!
    4. CONTACT YOUR DISTRICT SENATOR AND CNGRESSMAN WITH A DETAILED EMAIL ABOUT ALL THE MANIPULATION ON AMC FOR IMMEDIATE ATTENTION OR ELSE YOU WONT VOTE FOR THEM !!!!!!!!!!
    5. CONTACT NON BIOSED JURNALISTS FROM ALL THE WORLD TO SPREAD THE BAD AND UNJUST BEHAVIOR OF THE HEDGE-FUNDS

  18. Avataaar/Circle Created with python_avatars kharis schneider says:

    Are you still holding your shares Matt or have you sold them?or sold the majority of them?its a simple question that's not asking for advice. That's the best advice to find out if someone is fake or not and would dismiss all bs

  19. Avataaar/Circle Created with python_avatars TaterWDE says:

    They let it run to 70, we HODL. They short it down, we HODL. They try to bore us to death, we HODL!

  20. Avataaar/Circle Created with python_avatars CalicoJoeJoe says:

    Saw that the New Jersey pension fund filed a 13f Friday after buying 230k shares AMC in the last quarter. Maybe they're bullish on their former attorney, the new head of SEC enforcement Gurbir Grewal, actually doing the job πŸ€·β€β™‚οΈ guys got a interesting track record. Saw that on his first day, yesterday, he fined 27 firms for failing to file Form CRS, which discloses things like conflicts of interest to retail.

  21. Avataaar/Circle Created with python_avatars FootbagBum says:

    I’ve went through comments and reported all the fake Matt Kohrs accounts. I advise fellow apes to do the same! Much love.

  22. Avataaar/Circle Created with python_avatars Simplified Life says:

    Even though my entire portfolio has been red for more than a month, I am all relaxed, concentrated on my health and not looking at my profile anymore … Diamond handing no matter what… Patience will pay on its own… No hurry!!!

  23. Avataaar/Circle Created with python_avatars Just a dude tryin to learn piano says:

    Down 60% on AMC since the start but not a single fuck is given. This entire movement has gotten me to absolutely dive into the stock market research and I’ve found a new passion. Matt you’ve been apart of it, thanks homie

  24. Avataaar/Circle Created with python_avatars SEO Admin says:

    Spreading fud this guy is he is dangerous lol wtf is YouTube doing. Needs to sue human rights issues YouTube

  25. Avataaar/Circle Created with python_avatars Armaan Golchehreh says:

    I take these dips as opportunities to buy πŸš€πŸš€πŸš€

  26. Avataaar/Circle Created with python_avatars Feng Lee says:

    Where's your telegram channel or group?? Why can't you get one ???

  27. Avataaar/Circle Created with python_avatars Mr Jean says:

    At this point, I no longer have diamond hands. I have diamond balls.

  28. Avataaar/Circle Created with python_avatars Alex Sherwood says:

    250 shares. Bought more at 60 to help the cause. We will win and justice will be served

  29. Avataaar/Circle Created with python_avatars Kalrstudio says:

    Very low volume today…buyers will wait to the next lowest price to come soon…!

  30. Avataaar/Circle Created with python_avatars Matt Kohrs says:

    Quick Reminder: The Shorts HAVE NOT Covered

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