What's going on moon gang it's time to let you know what happened in ape nation for today, wednesday july, 7th amc closed out the day at 4507, while jimmy was at 190 66. Just so you know the overall stock market, the s p 500. Remember the spy right here: it's an etf that tracks 500 of the biggest companies in the us. That's why it's thought to be a barometer for the overall stock market.

Anyway, it hit a new all-time high today. Part of the reason for this was because of what came out in the fomc meeting minutes right here, the fed minutes. This meeting is basically where all these fancy bigwigs talk about the interest rates and inflation and all that good jazz. Anyway, the committee's standard of substantial further progress was generally seen as not having yet been met.

So the reason this was perceived to be bullish, is it it's because the federal reserve is going to be dovish, and that means that they're going to keep interest rates low to help with unemployment and that kind of has the byproduct of pushing the stock market higher And higher and higher so basically, the key takeaway is dovish interest rates remaining low stock market high and they're attempting to help with unemployment and one of the secondary effects of it was that we see it saw a new all-time high. So, let's talk about amc first, i want to go over some of the fundamentals of what's going on right here. This is a big thing threshold securities. So as of july 6th, remember this updates after the market has been closed, amc still on the threshold list.

I believe that this means the six would be 11 consecutive days today. July 7th would be 12 consecutive days and then thursday july 8th, would be the 13th consecutive days and if you've been following this particular narrative about threshold securities day 13 is kind of important. That's when a governing body is supposed to step in and make the the participants of these clearing brokers, aka the prime brokers, are the participants of these clearing houses to take care of these ftds. So some people are looking for something to happen potentially this friday, because that would mean that 13 consecutive days have officially passed with it.

I'm heading it into neutral. I think this particular community sometimes uh. We catch scent of a particular story and then expectations get set too high and then it doesn't come to fruition and people feel let down i'm going into it neutral. I think it could be very, very beneficial to take care of these ftds because i don't want all of them like.

It seems crazy that this isn't even possible. But my the one thing of why i'm hesitant is because gamestop was on the threshold list for pretty much all of january and we didn't really see something happen until after it was like way after 13 days. So i just want to kind of keep expectations to be. I guess realistic is the best word for this scenario, but we are very, very close to 13 and later this will update, and i have a feeling that amc is still on the list for july 7th right here: amc black widow set sites on record pandemic opening, As advanced ticket sales soar, this should be music to your ears.

If you're in amc, marvel's black widow, arrives in theaters and on disney plus premiere access on july. 9Th current estimates suggest the film will tally between 80 and 110 million in box office receipts over the upcoming weekend. This would be a pandemic record, overtaking f9, which debuted with 70 million in ticket sales two weeks ago. Just so you know, f9 is still doing very well, and i look at this as like a one two, three knockout because f9 doing pretty well, it looks like right here.

Black widow will do exceedingly well and also don't forget this saturday at select. Theaters amc will be showing ufc poirier versus mcgregor, so i'm hoping that does well. So, like i'm saying we have a particular interesting setup that it could be a one two, three combo knockout, all in the favor of amc, really really like it. I'm excited to see how all this particularly plays out in terms of its chart just want to.

Let you know where we are. We are right around this support around 46. We were talking about this on the live stream earlier today we are below this wedge, but i'm just trying to point out where we do have some series support 46, we're a little bit below that we bounced off of this region of support around 42, which is Exactly where it bounced on june 11th, we also have support from june 10th around the 40 mark, so really on a daily perspective. The main region of support, i'm watching is between 40 and 42.

Of course we have this mark at 35. I'm looking forward to recapture 46, of course, this wedge, if we do recapture the wedge, that would make this breakout a fake out breakdown and then on the north side of that we have between 60 and 62 65 and then of course, 72. So this is a quick breakdown just of the support the resistance of what we're seeing on the daily time frame in terms of or text. There was a notable borrow against amc today, as in the short interest increase, the net borrow was 4 million and the borrowed shares themselves were 6 million, so the short interest is now above 19, and i wouldn't be surprised when this updates in the morning, if it's Even higher because remember this, the live updates cover about 60 of all transactional volume, and then these numbers up here on the top - that's about 85 of all transactional volume shares on loan now, probably once again pushing 99 100 million utilization now, probably also even higher, maybe 87, 88 - maybe even 90 percent, depending on how many uh the overall pool of shares that are willing to be lent if that went up or down.

But overall, the main takeaway here is short interest in the range of 19 definitely increased today and we're just watching this continue to trend higher and higher and higher. So if, if there's one main takeaway from this particular video, no matter what anyone tells you out there, this is your friendly reminder. The shorts have not covered, in fact, there's a maybe a good argument that they're at or really really close to a hundred million shares. Betting against amc, so the in the event that they start to feel pain that could lead to an explosive move upward as they're all forced to cover, because they just don't want to lose money so right there.

Just that friendly reminder. The shorts have not covered in terms of gamestop. Today there was also a net borrow against cme 852 000 with the net being 543. The short interest is 9.57 utilization.

27 shares on loan now, probably around 7.25 7.5 million in terms of gme's chart. We did see this breakdown below 200. Today i was mentioning in yesterday's update video. There was a region of support between 180 185.

Today it bounced off of this low, which was 177.56 so around that 180 mark, i'm looking for that to hold if it doesn't hold. I would say the next major support is around 160, but today we had a very, very nice bounce off of it. So i'm looking for that to hold tomorrow and then recapture this region between 200 and 210.. One thing i want to talk about with the options here: some interesting things that i saw a lot a lot of money still playing around in january of next year and december of this year, huge money going in and out i don't personally like i don't.

I don't feel like i have some theories of what's going on, but i'm not exactly confident in sharing those right now, i'm just trying to do a bit of research, but i'm talking big money, millions of dollars in these in and out december of this year january And then we saw some moves around here: 670 000. This was for the july monthlies. Just some interesting um. It seemed like there was a lot more money in calls today, especially for these farther out ones and then shout out to wrench capital.

Here awesome, tweet amc. Already over 3 000 january 2022, 145 calls traded the highest volume comparable put contract has a volume of 109., so i just had like kind of an anecdotal feeling and i'm happy shout out to wrench capital once again that he was able to put some exact numbers To it, but some big big money being moved around and shifted at the end of this year start of next year and once again that doesn't mean that they think the movement's gon na happen at that point they think that means the movement will happen between now And that point, and just so you have a better understanding of that, but something interesting and definitely worthwhile to pay attention to so. Overall, that's your quick rundown with amc and gme. We went over the charts.

We went over the short interest specifically to the fundamentals of amc, excited to see the continued success of f9. The new success of black widow and i'm really really interested to see how well received the ufc poirier versus mcgregor event is kind of pl how it plays out at amc. Because if it's a success, i think we could see amc and talks with more and more um, just large sports networks and organizations which i think would be an absolute massive success for the company. So overall, i'm still very excited what's going on.

But with that being said, i would love to get your thoughts on amc and gm in a comment below. If you enjoyed this video and you want to help me get in front of other people, you know about all that good youtube, algorithm stuff, and until i catch you next time from me and chair best of luck in the markets, you.