What's going on moon gang, this is your market wrap up for today, monday april, 4th and boy? Oh boy, were there some crazy moves in the market today, we'll be talking about all of them in a little bit more detail, but it was all pretty much spurred by our boy, elon musk doing his thing and just making a ruckus making some waves, and we Definitely saw that in the market, so we'll be doing that and also diving into a couple other interesting plays that we saw throughout the market hours today. So with all that being said, let's hop right into it. So a few hours before the market opened not only for the day but also for the week. It was revealed that elon musk has a 9.2 stake in twitter, after hinting at shakeup.

What in the world does this mean? Why are the implications so large? Why was everyone talking about elon and twitter and what this deal means? Well, it's because now elon out of all people, corporations, investment funds, banks and all that out of all of them, elon is the single biggest owner of twitter at 9.2 percent. He owns more than vanguard. He owns more than blackrock. He actually owns more than jack dorsey, who was the founder and now the ex-ceo that guy's all the way down at number.

Eight elon is numero uno when it comes to twitter ownership. This is coming on the heels of in late march on the 25th. Yes, free speech is essential to a functioning democracy. Do you believe twitter rigorously adheres to the principle.

Obviously, 70 of people voted. No. This is signaling that he's here to shake things up. I don't think he's just doing this for the lows.

I don't think he's just sitting back saying: hey like i think it's a good investment which hey in from friday till today. He didn't make a lot of money and we'll be going over that. But this is telling me and it got filed under the like the it was a 13g. So it's basically just saying that he's a passive investor.

I would be willing to bet any amount of money on this planet that he will not be remaining passive for much longer. If i were a twitter board member, i would be very, very worried right now, because being the number one equity owner in any company, especially a publicly traded company, gives you quite a bit of power and similar to carl icahn and, more recently, ryan cohen. I think he's going to be using that power, not only in terms of his financial ownership, but also of just like his power of social media. Oddly enough on twitter itself to strong-arm the company into being a better public forum and when i'm saying be better is from the fact that look at these numbers, the numbers are on his side and that's after 2 million votes.

That's a pretty good sample size. Elon musk took a 9.2 stake in twitter to become the platform's biggest shareholder a week. After hinting he might shake up the social media industry. Like i said, i think it's going to be very shaken after this because i don't think he's just gon na passively.

Let this go. I mean not that long ago he tweeted this out. He was referencing. Stalin's russia, where you have the i guess, the new ceo agrawals, i think how you say and then jack who like equivalent to i guess what was this: the guy, the the soviet head of like the secret police and basically referencing how stalin just made people disappear.

In jack and the new ceo making jack kind of disappear type of a vibe, i don't think he's playing nice. I'm very interested to see how this plays out and a lot of people - and this is priced in from the market - are excited to see how this goes and apparently they're pretty bullish, because this led to twitter's single biggest gain in a day right here. Twitter up 21 beautiful gap up from just under 40. Today we got as high as 51.37 and we currently close at 49.97, a hair below 50 absolutely absurd, and if you do this math that means that elon had gained just some quick garage math.

That means he made 600 650 million plus dollars from friday's close until today's close, not a bad weekend, extended type of a place. 600 650 mil in one trading day. That is pretty impressive, but you know, what's even crazier is twitter, obviously wins today's wtf options game. So from friday's close until today's close twitter calls with a strike price of 45 expiration april, 8th gained 10 720.

As in, if you had a hundred dollars, that would now be worth ten thousand eight hundred and twenty dollars, which was a beautiful gain of ten thousand. Seven hundred and twenty dollars just for a hundred dollars. Obviously i was not fortunate enough to gain that myself, but man, oh man, that is some crazy, crazy money. I mean the gain itself is crazy, but if you played it through the options, especially if you had this lucky one, what a gain, what a game now, another equity that had a pretty interesting game was right here and i retweeted this out, and i just want To run people down a little bit of memory lane, preliminary data on illegal naked short selling is in 7 million shares as of october 15 2021.

This is in addition to the 8.1 million shares officially shorted, as reported by the nasdaq. We are committed to combating this. So this came out in november of 2021, and this was referred to as ater. The company is a tyrion and the reason i'm bringing that up is because it actually had a really good day.

It gained almost 47 opened up the day at 2, 52 closed out. The day at 3 42. now this one i'm saying is interesting because it has a short interest right now in real time of almost 35, a cost to borrow just below 20 utilization maxed out, and on top of that, the little cherry on top a low float. The shares on loan are 11.66 million, with the short interest already at 35 percent, obviously meaning that it's a low flow, so it can move in more of a volatile manner.

Now i should specify with both twitter and the tyrion. I have absolutely no position, i'm just covering it, because i think this is crazy stuff to cover, and i think more and more people should be looking into it from the regulatory side, especially with the tyrion, but also i know many of you watching right now, probably Paid attention to this news or have a position, and you might be interested in the metrics very quickly, just to take a step back in terms of twitter. Was this a short squeeze by any means? Does it have the capability in terms of squeezing out the shorts? The way a tyrian does no, no twitter only has a short interest. It's sub five percent cost to borrow pretty much, nothing utilization pretty much nothing and it is a larger float stock.

So i just wanted to give you those metrics now before we talk about amc and gme, i do want to quickly talk about the overall market. Overall market is setting up to have a beautiful cup and handle here's. The cup here is the handle and i'm looking for a test of 462 ish and then from there i'll be watching 472 473, and who knows, after that, we might be looking for a new all-time high and the reason i'm bringing this up is because i, like The technical structure and i should clarify - i did take a long position in this with my risk being friday's low of 4 49, but i also want to remind everyone that, right here april, from the end of march to the end of april, it's one of the Most bullish periods in the entire calendar year for the stock market, in fact, going back to the 1970s until now april, on average returns 1.7, it's very much a statistical outlier in its bullish performance. So when i know how it has performed historically from a seasonal basis, on top of the current setup, with a cup a handle, just the fact that we ran, we took a breather and now we're showing strength i like what's going on, and the risk is very Close by relative to the gain, so i'm liking that as a play right now.

I just wanted to quickly call that out to everyone now amc and jimi. Let's turn those over very, very quickly: amc short interest, just below 21 costs of borrow still oddly low, just below three percent utilization, still maxed out shares on loan, almost 137 mil in terms of gme short interest, 21 cost borrow coming down, but still noteworthy at 8.75 Utilization still max out shares on loan 20.3 million now in terms of their charts. Amc actually did have a green day. It gained one per one cent.

If you look at what happened on the intraday basis, this is literally the definition of consolidation, lower highs, higher lows and at the end of the day we got a slight bullish breakout. This was another premium burn day. That's why, over my past couple of videos, i've been trying to warn people about the dangers of buying out of the money. Yolo calls that expire that week, if you hit them, you're gon na hit big, but the odds of you hitting them are, i think, less likely than a lot of people appreciate it, because when you make a big move, you're closer and closer to a period of Consolidation, things don't always consolidate and they don't always rip.

So when i see one of those expended periods, it makes me think that the next phase is going to be coming so right. Here we saw a classic period of consolidation. It was premium burn, pretty much ended. The day how we ended the day on friday now in terms of gme, it did have a nice gain, 3.5 percent we sold off this morning and then we pushed up and we kind of cruised into close.

So i like that, but overall, in terms of a gme on the daily chart, still pretty much consolidating. I will point out in amc and gme how both of these had a very very nice run and were still green in terms of mid-march. Until now, and now it's just waiting for the current consolidation to end and the next phase, ideally expansion to the upside, we're waiting for that phase to begin, but obviously it's very easy to monday morning, quarterback no one on this planet is, can tell you what's going To come the next day and at a certain point there is going to be some randomness to it. So you got to look at things in the longer picture because i think that's actually more predictive the shorter the time frame, there's more randomness involved.

So that's why we say when in doubt zoom out, you got to be calm, cool, collected and understand where we are and the bigger picture, and i wouldn't get too caught up in the minutia of like a minute to minute movement uh. I think it's easier to honestly keep your sanity that way, but overall, i'm gon na say it's a pretty good start to the week. If you got any of twitter, if you got any of a tyrion, i didn't get any. But if you got some congratulations to you and i think in the short to medium term, of what we're seeing in amc and gme, i think this bullish picture is still intact.

But obviously that's just my own humble opinion. I would love to get your thoughts and a comment below if you haven't already don't forget to join up with the moon gang and if you want to help me out with the algorithm, it would be awesome if you could drop that like button i'll catch you In the next video have a beautiful day.