Well, moon gang what an amazing day, what a way to kick off the final training week of april. I hope there's a gigantic smile on your face because it was a b-e-a beautiful day, especially if you happen to be involved in both amc and gme. In this video i'll be mainly talking about those two meme sucks i'll be going over kind of. What's going on in these songs, why you should be extremely happy and, of course, i'll be going over the most up-to-date short interest numbers and some of the key technical levels we should be watching for the remainder of the week.

I also want to spend just a little bit of time about what's going on with mbis, because i was getting quite a few questions about it today and i know a lot of people out. There are making quite a bit of money. So, let's hop right into it, so let's start things off with amc. It closed out the day at 11 50, which means it gained over 13 percent gme closed out the day just below 169 dollars, which means it gained 11.7 and mvis.

If you happen to be in that, if you happen to be in any of these three, a massive massive congrats nvis closed out the day at 26.44, which means it gained 47 and in post-market trading and went as high as 29.70, at least as i'm filming this. It could definitely definitely go higher. This was a great day because, on top of that, especially with amc as you're about to see in the numbers like we're, fighting against the most shorts, we've ever fought against. So not only is it like an amazing update, which means that they have to be down, but remember they're, paying short, borrow fees this.

This is starting to feel like something special in terms of like it feels like we're getting close to the end game, like whatever it almost feels like we're at the top of the ninth inning. Maybe the bottom of the. If it feels like we're getting close to that point, where something crazy can actually happen, and right now like this is just awesome like it feels like man, i just the action we're seeing in the market today. The fact that the shorts are going up we're building up momentum, and this is absolutely phenomenal - all right, so, let's hop into the numbers, but i guess before that i just kind of want to go over something funny.

We were talking about this on the live stream. Today, if you look up melvin capital, we know for the first quarter, they were down. I bet i believe, 49 posted a huge loss. These were the main people, betting against gamestop um.

It was posted as temporarily closed and then also, if you look at their website, it's just it's been nothing. I guess so kind of something weird going on there, but uh puts a smile on my face so in terms of amc. What happened today? So there is a new uh basically days to cover that i want to talk about, but, more importantly, the short interest another day and we see another increase in the people, betting against amc. Why are they doing it? I don't know.

Maybe they have like a sick. A dish like addiction to losing money who knows anyway the borrow change at the end of the day. It ended up 300. 000..

At one point, we saw it as high as 1.2 million, so some people were covering it makes sense because amc was driving up. Then it came down to 500 went back up to 800. Now we ended the day at 300 000.. It was kind of um very volatile day in the shares being borrowed at least the net change.

But in the end the short interest is higher. It's around 23.67 and the utilization. Remember, that's just the ratio of the shares that are on loan versus the ones that like could potentially be lent we're at 100. That's its max value um and the fact that we went up means that there has to be new people like offering their shares if they own amc, to go on loan and then basically other people in the market are taking those on loan.

And we could assume that a high percentage of them are actually shorting it. So, as you could just see ever since mid-march, the trend has been up and the one thing i want to talk about new in this video vortex shout out to ortex. That's this platform. I arguably think it's one of the most reliable sources to get up-to-date information, especially related to amc, gme microvision, all these stocks that we happen to be talking about, but anyway, so days to cover.

That is a formula basically where you look at the shares that are either on loan being short and you're, dividing that by the average volume, and it's just the idea that, if the shares wanted to cover - and they were doing it like just hitting the market based On the average volume, how long would it take all of them to cover? So it's very, very common when you're looking at this formula, they, for whatever reason they look at the average volume over the past three months? Personally, i don't think that that's that smart to do because in scenarios of a short squeeze, i.e, amc and jimmy the volume goes abnormally high right around the short squeeze. So, personally, i think it's a better data point to use a shorter time frame and that's what ortex just did instead of doing three months, which is still an option. They also have an option right here days to cover based on the past two weeks, which is very smart, because it's just a better indication of what's going on in a smaller time frame, based on that data, we are at another high of 4.15 days. This trend is phenomenal for us, so basically, what it's saying is based on two weeks of what, whatever the average volume is.

If these shorts wanted to get out, it would take them a full four days now. I would assume it's a little bit less than that, because in scenarios when we are actually squeezing the volume is even higher, but the fact that it's more so of like yes, this is a high magnitude, but on top of that, look at this trend. It's this bottom line right here it's been going sky high, as this number goes higher and higher. That is better for us, the same thing with the short interest, the shares on loan.

The utilization is now constant at 100. Things are looking great for us and on top of that way, i've been saying of like hey the magnitude of all these numbers of what we need it's there. We need that bullish price action to start to trap. All of these bears and that's exactly what we saw today - a gain of 13 in amc and almost 12 percent in gme things are finally finally coming together for us.

So clearly i mean i've always been saying like don't listen to the fud. This isn't a dead cat like the date has been there for us and now we're. Finally getting that final missing piece of the puzzle, the price action which is clearly favoring us. I am incredibly excited to see how the remainder of this week plays out in terms of gamestop.

The short interest once again increased today up 2.5 percent. The borrow changes around 366 000, which means that the shares on loan is around 15 million. The short interest is 27 after today's action and the utilization is 57. Just to give you an idea, the data cover for gme is a 1.9, so it's almost half really of what's going on with amc i'll make this part quick.

I know there is some people interested in what's going on with microvision mvis, especially after today, because i mean to be honest, it did have a pretty impressive day, but anyway, the estimated short interest is around 24.23. The borrow change after today went up by three quarters of a million which puts it around 39 million shares on loan and the utilization is considerably high at 94.77 percent. But on the other side, the dates to cover based on the two-week average trading volume actually dropped. Quite a bit today, down to 1.24 days, just so you know what's going on with mvis and like obviously it's worthwhile to bring up, because it did have a pretty amazing day in terms of the overall market uh.

You should know that on friday it made a new all-time high of 418. uh and 25 cents, and today we were three cents off from testing that so the market, like i'm, not saying just a relative high, i'm saying an all-time high ever were that's. Why a lot of things were green? Today i mean it's just the market is running running running. Let's talk about amc um i when i was, i did an interview with trade trades over the weekend.

I would recommend checking that out. If you just want to hear us talk about, what's going on with amc and one of the things we were both interested in watching this week, is when the market closed on friday, we were pushing on this trend line, but what's interesting now is, if you look At amc, we finally got that breakout. Of course. Yes, it could be a fake out breakout that is 100 possible.

It's something to consider. I don't think it is that's just my own opinion and remember i'm not a financial advisor, but today's action. It was just incredible. I'm fully fully looking for a continuation of this and in terms of the rsi, which is a relative strength index.

If this is the first time you're hearing about it, basically has values of zero to 100. It maps out bullish against bearish momentum when it gets very high. That's a lot of bullish momentum, aka, it's being overbought and when it's very low, that's a lot of bearish momentum, aka, it's being oversold, as you can see relative to the last two times it ran. We still have quite a bit of time like room to run from here.

It's not like we're already maxed out like it definitely has room to run, which is very, very good for us in terms of a smaller time frame. Here's a look at amc's four hour. Chart i just want to lay out the technical levels in case you can't hang out with me in my daily live streams. Here are the levels i'll be watching today we were battling at 11.50.

We got as high as i believe. As 11.96. We came back down so i'm looking for us to retake 11.50 past that, of course, we have to get above today's high uh right around 12, but from there uh 12.50 and after 12.50. I think it's going to be clear sailing up to uh 1350.

Just in terms of previous levels of support and resistance, on the downside i would say, the closest support is first, that key psychological level at 11 and passed out. We have 1064., don't be surprised, uh. The rsi is kind of blown out on this time frame. Don't be surprised if it needs to consolidate just a little bit, so the rsi has like time to cool off and then from there we can rip again, but also just because it's technically overbought on this time frame that doesn't mean it has to instantly drop.

It can remain in the overbought oversold or even the neutral territory for quite a while there's no like hard fast rules when it comes to technical analysis. It's all of just like kind of ideas of what we're seeing and you give your best thesis. But nothing is ever ever ever guaranteed in the stock market. Please remember that in terms of gme um, so this one not as strong in terms of this chart as amc was at least not for now, but today's action was still great.

It gained almost 12 trading at 169 in post market bounce off of this 144 support, where we've seen as resistance in the past support in the past bouncer once again, uh the main thing i'm looking for is a successful break of 175 rejected there today previously um It was support. Obviously, 175 is pretty important, actually that entire region of 175 to 185 is clearly resistance on top of 185. I will be watching 200 from there 227.. Another repeat of today, we've seen it before.

Gme can obviously get very, very out of hand, and i mean that in a favorable way, so i'm excited i mean how could you not be excited about what we're seeing in amc and gme right now, the short interest numbers the shares on loan, the the days To cover everything is in our favor and now. Finally, the price action is so, if you happen to be in it just so, you don't need to be fully transparent. I have all my amc and gme shares. I have all my amc and gme call options, and on top of that, i bought more amc shares today and i bought actually, i believe, 25 more call options on amc.

That's how strongly i feel in this right now. I can't guarantee anything. I'm not a financial advisor, but just so you know, for the sake of transparent transparency, i'm putting my own money where my mouth is. I am betting on this movement and i believe, basically in my own thesis and more importantly, i believe in all my fellow apes who are part of this movement um, i'm very, very excited to see how this plays out and just to touch a little bit on Mbis i mean it absolutely ripped.

Today, um, i was looking for a test of somewhere in the 28. It hit that in the post market in the post market it went as high as 29.70. I do have some call options on that that you can kind of see over here um. I have five call options.

Thus far i've been doing pretty well on them, um, i'm just looking for a good opportunity to get out. I want to see if it's going to get rejected in the 28 to 30 range and if it looks like it's going to get rejected i'll. Just take my profits and most likely reinvest that into amc, gme or if it looks like it's going to run i'll. Hold it on for a little bit because the expiration date is may 21st.

On top of that, please don't forget uh. If you happen to be involved in tesla, they do have an earnings announcement in earnings report after the market closed today. So i'm expecting some considerable volatility in the post and pre-market for tesla today and tomorrow, and especially in the normal market action tomorrow, because that's just like how it commonly reacts. It is a fundamental driver whenever we know about how the company is doing.

The early reports are saying that it did beat across the board, but you never know what the company is going to say in terms of their guidance or production or anything like that. So don't be surprised if tesla is abnormally volatile tomorrow. So with all that being said, i hope there's a giant smile on your face if you happen to be involved in amc and jamie there's a lot of reasons to be smiling right now i mean i i'm the most bullish. I've been on it in quite a while, and i've always been pretty bullish, but right now what i'm seeing it just seems like a lot of pieces are coming together.

I would love to know your thoughts, so maybe i'm overlooking something, but let me know your thoughts on amc and jimmy in a comment below don't forget if you want to spread this type of content to someone else, like maybe a fellow brother or brother, an ape Um, i would appreciate if you could drop a like and leave a comment. It just helps me out the youtube algorithm. If you want to be a member of the moon game, don't forget to hit the subscribe button. Don't forget.

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