Hello, hello, hello, welcome back to another episode of dumb money and i guess we could also call this one particularly franklin freaking out i'm. What is he doing? Franklin we're professionals all right, sorry. I know this would never happen on kelly. Ripa show my apologies, but that's the difference.

That's the only difference between kelly ripa and myself, but what kelly ripa doesn't have is an awesome, awesome position on amc and for man. I was pouring over charts. Last night i was looking at data. I was kind of going through the sentiment of what's going on just like reading some social media, and i have to say right now is some of the best i've felt about amc in probably about a month or two.

It's just. You can feel the momentum. It's practically palpable like it's so so awesome. The stocks spending around the enthusiasm in the community is growing and all of a sudden, these mainstream lame stream media personalities and also just these, like hardcore keyboard, warriors they're disappearing into the ether they're like they're retreating back into the woodwork where they originally came from.

I i find it so so interesting that you could feel it like. Something has actually changed from a technical basis. I think it's best represented by the crossover in the macd, because right there we had a strong bullish trend to the start of june. Then we were in a bearish trend from mid-june, really up until mid-august.

I mean honestly, we were sitting here and there were some alright days. There were some bad days, but that was a giant bearish trend and then, after kind of bouncing off of really 30 multiple times, we finally got that crossover, which was awesome, which was absolutely awesome and we're seeing that follow through gme, is on a nice four green Day streak amc is, on a nice three green day streak and we're just looking to up those numbers again and again. But when i woke up this morning i mean honestly, i was like man, we are holding 37 again with respect to amc, and yesterday we were almost getting that breakout. I mean it came right up and i was telling you guys all right like we know the high 38s low 39s, that's a big trendline, breakout and right on top of that we have a region of resistance from 40 to 42..

Maybe i should just show you it instead of like trying to explain it. That would probably make more sense um, but right here let me drop to the two hour chart. This is exact. Let me go to the four hour, so we could see it so for quite a while here's what happened.

We were in this giant giant upswing, and this is the point where the macd was green. Everyone was happy everything we were just. We were firing at all. Syllables it was just working, then we came down and it bounced off of it, and i thought it was a bit interesting.

Usually when you see this weakness kind of going into june 10th, this 11th - usually that's it. That's when you get a type of a run up like this, it's kind of game over, but instead it caught itself and came back up here, but we still established some sort of, i guess, trend line that was downward and then we bounce off of it bounced Off of it came here, we had a wedge, we had a chance to break out that broke down and really at one point i mean we were training in the 28s, but finally we're once again right here we are at the trendline one two three: this is Our fourth major test of this trend line - and i don't know if it's gon na break out - i'm not a financial advisor - i'm not a lawyer and, most importantly, i am not a fortune teller. I have no clue if this breaks out, but i do know that if it does break out, that is more of a technical confirmation of the official pivot in the entire movement of what we've seen over roughly the past six to eight weeks of, what's been going On with amc, so i today like a hawk, we'll be watching the breakout today because remember obviously it's dynamic because it is a trend line, it's not a horizontal line. So still, i guess i can move this down a little bit today.

So right out of the gate, the trend line break would be around 38 and then we know there's some garbage in between 40 and 42. So this is the region to watch today with amc right out of the gate. I would love a break out of 38. I'm gon na mark that off just even before i forget 38 and from there we're going to watch yesterday's hi whatever this was uh.

Hang on, i don't think i marked that properly 38.77, let's bring this one down a little bit all right, close enough 76 and then from there we're going to be after 38 77. That then, sets up the region between 40 and 42, and that's just where we've seen kind of a lot of mess in here previously would love for it to get above 42 and then that sets up 46. But overall we have the macd. Let me go back to the daily to show you what i'm actually talking about with that macd.

So right here, the macd as you can see. Let me get rid of this for a little bit more space. Here's the macd, the moving average convergence divergence. Basically, it's just two different exponential moving averages.

You have the slower one and then the faster one and a lot of times there are day traders swing, traders and technical traders who look for the crosses. So basically we had this cross here at june 21st june 22nd and then that kind of led to this giant bearish pattern, but what's changed recently, is they cross again in more of a bullish manner? So we want to see how long this type of momentum can sustain so really this week, the end of last week i started talking about momentum is changing and the golden question is: how long can we sustain this momentum? What will will this momentum bring, and i know that there's some other tertiary things going on like the nscc rules and this and that, but it all comes down to the most inherent axiom. Supply and demand are more people aggressively buying or are more people aggressively selling. For me personally, i'm not gon na rely on all of a sudden the sec coming down and making sure the game is played completely fair.

I'm not gon na put all of my. I guess hope into one individual rule be like this rule passes and we're in the clear no day in and day out, we're paying attention to the price we're seeing what's going on and we're paying attention to the shorts. If we're relying on some external thing to help us out, i mean don't hold your breath on that. It's gon na be it's the battle between us who are long on amc and the people who are short on amc.

That's what the battle is, and i i for one - i'm not gon na - be relying on some other special governing body to be like. Oh okay. Maybe we should kind of start looking into what's going on. I just don't think it's uh.

I don't want to put our our destiny, our fate in the hands of someone else. It's just it's our community versus wall street. That's! What's going on right now! I really don't know how to make it more simple and for quite a while, we were winning for quite a while they showed their strength. And now it looks like we're heading in back to like where it's our turn, to show what we can really do.

Um. So i'm excited to watch this momentum play out and i'm very very excited for this technical breakout to see what it leads to and how much pressure it actually puts on the shorts, because right here, i'll be the first to admit it. I've said this on national tv. I've said this here, multiple times to me.

This is not a fundamental play right now. This play in my eyes has value because there's a certain percentage chance of a short squeeze for all the people who are betting against it. Right now, that number is pretty sizable, because there's over 100 million shares on loan, which help we don't know exactly how many of those are short. But it's a sizable number.

That means in a certain technical breakout scenario when we hit a certain risk tolerance for them. As it goes up, a lot of them are going to start covering and then, as that goes up, it becomes a self-fulfilling prophecy because, as we go, higher more shorts will cover which causes it to go higher, which causes more shorts to go cover, and that's just The shares on loan in my update video, i was talking about how the option chain for amc is starting to get very, very bloated, which is good, because that could lead to more of a scenario of a gamma squeeze and then, as it rips you're going to Have people who are on the fence who didn't want to get into amc? They thought we were dumb. They didn't think what was going to happen was actually going to happen. So then, you're also going to have some fomo buyers so between a short squeeze of gamma.

Squeeze and fomo buying this thing is, it has all the makings. It has all the ingredients for a recipe for an explosion higher, but what it needs is. We need something to get it over that edge and really that's either the shorts need to stop shorting. We need more demand, basically, the buying needs to outweigh the selling and then that's how we'll slowly track higher, but trust me a lot of people who wrote amc off and said that it's done and didn't care about it and maybe weren't even on the fence anymore.

I mean we're just stop paying attention to it. The recent movement has gotten people to start looking at amc again, the macd crossover the fact that they couldn't really beat it below 30. These are some big showings of strength, which will bode really well with our positions. If you happen to be long on amc, but right now, this little turn around.

Let me drop to this three month. This little action that we're starting to see people are starting to say, hang on. They weren't successfully able to beat it down it's showing a bit of strength, i'm looking for that breakout above 42 and then above 46. Things could get very, very bananas for us.

So that's kind of in the medium term. What i'm looking for uh for today at bell open, i'm looking for a recapture of 38 and then a breakout of 38.76 and from there the 40 to 42 range is definitely what i'm paying attention to in terms of gamestop. Gamestop has a short interest of 10.7 percent. Shares on loan is 6.95 million, and a utilization of 39 oops in terms of gme, so not amc does currently have a higher short interest than gme, but the charting is similar.

It's not the exact same, but it does kind of rhyme like we, we bounce off of it a support, a previous support around 145.. It showed some strength, i'm looking for it to remain above 164, and then i want to see a test of 175 and then, after that, it's setting up a test of 190, which could be quickly followed by 200, so not the same short interest on gme. But we are seeing similar strength in the chart, so definitely also obviously worthwhile to pay attention to um. I don't know why someone on social media accused me the other day of not owning gme and then not talking about it um.

I am long on gme and i feel like i talk about gamestop every day, i'm long on amc, i'm long on gme, uh and then the other one on the screen. Here. Oh we have spy and iwm usually have robinhood up. I don't know what hood's doing this morning, but they have an earnings announcement today, after market close, robin hood will have its earnings webcast call it's going to report its numbers, so i wouldn't be surprised if there's some volatility in hood today and tomorrow, but just so You know for the point of transparency and disclosure - i am.

I own puts against robin hood, i'm looking for robin hood to drop. I don't believe i have currently a direct position on iwm right now, so long on amc, long on jamie short on robin hood. Uh a couple of the other ones recently that i'm in i am long on sprt as well um, which is flat this morning. But just i want to be very frank and forward with what i am long on when i'm shorting on what i don't have a position on, but overall, very very excited uh to see how things play out, not only today but for the remainder of the week.

Because um, i think this momentum well, you can see it like literally starting to grow like right here. The momentum is getting bigger and bigger and bigger, and that's what the i mean we saw this previously, where it went up and took a little bit and then it just absolutely exploded. That's what the macd is very good for, showing you the momentum of a current sock, which is exactly why we saw this massive explosion when amc ripped 95 percent in one day. So i'm looking for this right here on the macd to grow and grow and grow.

Now, if you're one of these people, who really enjoys knowing the specific details of the technicals and what's going on there - and you want to know more about the macd - i do have a video on this channel. It's actually one of my first videos that i've ever made um explaining what the macd is, how it's calculated and how you could possibly use it. So, if you're someone who likes the specifics, i recommend checking that out. If you want to do it before the bell opens, or maybe some time after anything like that, but um, i know some people like to get into the nitty-gritty of it.

I find myself to be asking some of those questions as well all right. So that's our current setup on the day, oh before we get rocking with it before the bell opens. We uh 15 minutes from bell open. If you haven't already, i would love it if you could absolutely destroy the like button.

If you haven't joined up with the moon gang, if you want to talk about stocks, futures options cryptos all you have to do is hit that subscribe. Button um that type of stuff that type of engagement does help out with the youtube algorithm. That's for the youtube people just so you know we are multi-streaming on rumble as well. So if you're on rumble don't forget to drop one of those royal rumbles, don't forget to hit that subscribe.

Button we're getting very close to 5 000 on rumble, so shout out to all the support from my royal rumblers. I appreciate it not to get confused with all my bumblers. I suppose i can't believe i messed that one up yesterday, but shout out to youtubers shout out to rumblers. I really do like this multi-stream thing.

It's been working out. I had some technical issues yesterday, so for any of the people who uh, i suppose, know way. More about streaming than i personally do what i ended up doing was changing my cpu to like one of the lowest settings on streamlabs, and then i change my keyframe rate interval to four seconds and i think we're all good. Let me know i mean i don't think, there's been any lag issues or anything like that.

It's reporting that the stream health is good and my kp kbs's are cruising at 5. 000. uh. I think we're looking good today.

So maybe maybe we found the the combo that needs to get this all to work out. Uh stream quality is way better than yesterday. All right shout out jorge um, so far, so good yeah. So i it was just a lot of tweaking and i'm hoping that we have none of these issues.

So yesterday we were talking about artisan, builds shout out to artisan builds. They were building me a very, very fancy pc and i'm just kind of waiting for that to show up. So if you bear with me just for a couple more days before the uh, my the very good computer shows up because right now, i'm on a mac and honestly, the new macbook pro the m1 chip. It's quality.

It really is quality um. It's a good chip. The issue, though, is it's just macs and apples: it's not meant for the world of streaming. You kind of need a pc for that.

So that's the downfall, it's just it's a good computer, but not necessarily just for my current use case, i think, is the best way to explain it and also there was that issue where i was just dropping wi-fi, but i also figured out some sort of ethernet Setup so that's working out and soon very very soon i will be rocking more with a. I think we could bring the audio quality to the next level. I got the revelator io24 from presonus um, so i'm getting that set up and i have like this whole other mic system to go and i'm hoping i could get some autotune in there for our uh our singing sessions throughout the day. Just so my voice isn't as painful to listen to show us the puppies uh they're, upstairs they're a little riled up right now, just kind of doing their thing, but i'm now one of them's getting yelled at um.

I'm sure at one point franklin will crash and he likes to crash by just like coming and sitting on people's laps. So i'm sure he'll come down at one point, one point or another: maybe he'll be our lucky charm on the day, we'll figure that out. Let me just get geared up here. I just want to make sure we are good okay, so we have uh.

Is this doing this again dude? I don't know why this is just subscribers. I just can't get the mini feed on streamlabs to properly show me this super chat's coming through. Let's have a green day. Boys and girls keep up the great work shout out.

What are your thoughts on a fake squeeze to 300? I think it's an asinine idea. There's no way they would have a controlled squeeze uh, in my opinion, above 46, above 50, above 65 they're not going to control it. It's you're trying to control a in a absurd frenzy. There's no like you're not going to have a fake squeeze up to 300..

300, we're gon na have some actual shorts covering uh. I don't know who's pushing that rhetoric of a fake squeeze but they're wrong, um they're. That's! I can think of no way that you would possibly like control this scenario up to 300.. If they had that much omnipotent control over the stock market, they wouldn't go up and then bring it down.

They would just completely destroy the stock. Now it makes no sense that you would run it up to 300 and then bring it down from there. I'm not really buying that one uh firing on all cylinders, not syllables former editor here as an editor i get to fire in all syllables, even though it's not a thing. Oh no! No.

I say that because a little a little nod to dr disrespect, the other day, i was listening to one of his streams and he says firing on all syllables and uh. We were talking about this either yesterday. The day before, i think, he's one of the best live streamer in the game, so it was just a little head nod to the dock. Uh 9 3 marvel's shang chi is released in a 45-day.

Theatrical window word is that it is dope. We need to promote. Show up and make it a box office success, uh, palpable and tertiary right off the bat today come on matt small words for us. Please can you check on tilray forest uh, so i saw this morning.

My the mods in my discord were talking about some movement on this. What is going on with tilray ooh tilray got some movement, so remember, don't chase a gap up. I would pay close attention to 1350 1360.. We have some consolidation, some previous low from the post market of yesterday, see if it can hold that as a base, but this is a gap up till ray.

This is the definition of a gap up right now, it's gon na open up at a price. That's higher than its previous day's close. It looks like yeah, so i would be paying attention that as long as this bar yeah, okay, yeah um. So i don't like chasing gap ups whatsoever because there's such there's a good chance that it wants to fill the gap right away.

So this one this is one i would definitely sit on my hands and pay attention to and see what it does over the first 15. 20 30 minutes of the day. Any opinion on qnt coin been in it for since 130. Few weeks ago, it broke 200.

Today, it's been actually pretty independent of the risk of rest of crypto all right. I do have the time to check this out q and t crypto. Well, it's absolutely ripping um. I don't know anything about it, but if it can hold above whatever, this high is 197 from august 2nd.

The trend, your friend this is a technical breakout you're already in it, you have a very nice average. I don't know anything specific about the coin. It just looks like you're making a lot of money, so congratulations ride the trend, ride the trend higher and higher and higher we're seeing another macd crossover. So it had a little bit of a bearish phase, but it looks like after today, it'll go back into a bullish phase.

Um the trends your friend man ride that out. That's how i would personally play it was excited to buy my first amc call option, but it takes five days for the deposit to clear. Also, i forgot to use your promo code. When i signed up for public timothy, i mean it happens.

Uh. I appreciate you, like i mean with it. It's i'm just happy that people are getting on to public. I do think it's good for us to get our orders away from market makers away from citadel away from virtue so uh, even though you didn't use my referral, i'm still very happy that you're uh on what i perceive to be a better brokerage for our community.

For the ape nation community for the moon game community, so it's all good and for those of you who don't know what public is. I know i talk about this, but just so you know it's a brokerage for u.s residents. They don't have options trading they're about to roll out crypto training, but if you sign up public.com course, it's pinned to the top of the chat you can get up to 70 in free stock uh, which is awesome a lot of people. I mean the other day.

Someone was getting like 50 of tesla, it's cool stuff, free to sign up, free trades, no payment for order flow and all orders are routed to lit exchanges uh. I honestly think, there's almost no reason to not sign up, because you can always have multiple brokerage and you don't even necessarily have to transfer your current stock. You can have multiple brokerages, but moving forward my stock training. Yes, i use weibull for charting.

Yes, i also use trading view for charting. You know me, i, like my emojis uh, so i just have two different charting things and then, if i use some other brokerages like i do have a fidelity account, i do have an interactive broker's account. I do have an e-trade account i'll use, those for some options: trading um, it's very hard to get away from payment for order flow when you're talking about options, but for my stock trading i mean i'm just going to be rocking forward with public and i think There's actually a way - and this is where it gets. I guess a little interesting for me is so public, it's much more of a social trading platform and there's a way where, basically, you could set it up that whenever you do a buy or a sell, your followers get notified and i was like well, if i'm Not calling it out, and it's just part of an app like - am i gon na get in trouble with that with um, i suppose, like the government and the sec, and i have my lawyers looking into that now, but that might be a it might be an Interesting workaround, where somehow my trades at least my stock trades could be followed real time, and i wonder if that would be outside of outside of the purview of like the sec, getting like very, very mad at me, but, like i said i have my lawyer looking Into that one uh, what kind of puppy did you get? Matt work has been a bit hectic lately and i must have missed out on what you talked about.

Also, do you have any amc call options right now. I do have call options for the september monthlies and the the dog. It's a. I don't know it looks like kind of um.

It's some sort of mixture. Uh, it's a smaller dog um. It looks most similar to like a oxen jack russell mix. I would say, but i'm just dog sitting: it's not my dog, i like i'm just dog sitting for some friends, um and there's actually two there's franklin and there's baxter and uh they're, really cool they're cool guys.

I hope they come down at some point today. I want to make another debut on the stream matt how bullish is macd crossing on month on monthly three month and yearly amc to the gosh darn moon, the more the more time frames it crosses on the better, i wouldn't say one individual one is more bullish Than other ones, it's bullish for that time frame. So if you see a lot of crossovers on various time frames, that's how something is more or less bullish, i would say, is how i would interpret it uh highly on good time to invest or too small of a company. So i actually know hi leon.

I've been watching it for a while and i'm actually invested in it myself, but i have a very, very, very bad average but um to me. It's a longer term ev play um 890., so i would say 770. I would watch these previous lows from what january. For mar april april, and may these lows of 750 is what i would be paying attention to, i think you're about to get a be able to get it for about 50 cents cheaper.

Like i said, i have highly on in my retirement account and it's going to be most likely a multi-decade hold for me. Uh would be awesome if you did a doctor disrespect parody stream, one day, um yeah, i don't even know if i could pull off his like, like, i really do think he's one of the best streamers in the game um. He i watched his like i'm not much of a gamer myself, but i watched him just because he was so entertaining like i did. I find myself watching dr disrespect honestly without even caring about the game.

Like i just love his antics, i love how he talks. He makes me smile, so i feel like as me on this side of the camera. I try to learn from people like that from people we were talking about this, but um people like dr disrespect, ludwig and i know they're not really in my donate domain of finances - nick merks tim, the tatman, but as a streamer i learned so much from them. I would uh a parody, i mean i don't know.

I don't know if i want to like rip them off like that, but if i ever i'm too small to really talk to any of those guys, mercs tim, the tatman ludwig dr disrespect they're, like probably two entire leagues above me, but uh. I hope, hopefully, one day uh things keep growing and one day i get on their radar and we could do some sort of like. I think it would be so fun to do like a like. A crossover charity thing like one day they trade with us like day trading all day like one of those characters and then the next day i play video games with them all day and, like we do a two day like charity drive one day of stocks and One day of gaming, and then we just both donate everything to like whatever charity we want to do.

I think that would be such a like a fun crossover event or, like maybe we're gaming and in between games, we're doing like day trades or something. I think it could just be fun. A lot of energy, uh, post mother of all short squeeze plans, hostile takeover of tulips to ensure generational wealth, hostile takeover uh. That would be awesome, proud moment.

Last night my girlfriend asked me how to become an ape and invested in amc while sitting on the amc citing the duck guy. As reasoning, i love that gaffney uh, you have the potential to do a co-stream with sweet anita. As the hype person i mean overall um, i was thinking about that, and some people have been talking more of like trying to do opposed to just me just talking all day, if there was like two people or like another interaction of someone - and i think there, Like is a key to that, and i just need to, i guess - figure out some of the specifics of how that would all work, but man i uh, i think, there's something to do with like crossovers or like some sort of a host or bringing more people On to talk during the show, throughout the day, like uh could be fun, someone said: can we get the headband yeah? I could throw the headband on throwing on the headband before the market even opens. I like i like the cut of your jib.

Okay. Let's get ready, we have less than a minute. We have seconds until the market opens folks and we are firing at all. Syllables uh-oh hang on.

It looks like youtube. Just freaked out all right market is open. Market is open uh, it looks like there was just like a hiccup, but i think i came back very quickly. Youtube like got mad and threw a error at me, but i think we're good.

I think we're good. I think we're good. I think we're good all right. Let's see how this one gets going today, there we go now we're cruising.

I just had to do a refresh on weeble. I think they even knew the excitement coming into today, all right, so the spy, the s p 500 is in the bottom right uh we have the iwm aka the russell 2000 in the bottom left. We have amc in the top left and then we have gme in the top right and we are rocking on the day. Ding ding ding, the casino is open.

Folks, the casino is open. Let's get, let's get our liquid iv hydration, even though this isn't the um. Like i guess, uh a stream sponsored by liquid iv, you can still use the code moon gang. That's actually true with, like all of my sponsors is, if you use the code or go to the proper url, you could still get the discount.

It doesn't necessarily have to be that day. So that's true with like um liquid iv manscape, all of those like just because it's not it's being sponsored that day, like the stuff is still active. Just so everyone knows, but amc all right. Our first target of the day, you guys know it it's 38 and we're currently trading at 37.84.

85.. Let's go, let's go for that, trendline break. I love it. I love it.

I love it. I love it we're getting there 37 ooh we're feeling spicy feeling a bit froggy all right come on come on, come on, come on come on there we go above 38. There we go, let's see if it can hold so remember after 38. The next target is 38.77.

Is the next target we're above 38 we're cruising we're, looking good we're, looking like a beaut clark, we're looking good we're, looking good, all right come on, let's just hold above it. We know that's resistance and amc. Does this thing where it pops its head above resistance, then it kind of flirts with the line just just ever so much and then we kind of go from there. Daryl milner becoming an astronaut shout out to daryl uh.

Could you bring viewers on stream to ask questions yeah? So that's actually in talks with my teams right now um. I i do like that, but we're gon na probably have to do uh there. There would have to be some sort of pre-screening involved, because obviously we know that there's a lot of keyboard warriors out there um and i don't want anyone to come on and say something. Then that gets me in trouble additional trouble with like youtube and i'm trying to not ever get in trouble with rumble so um uh there.

It would have to be some pre-screening involved with that, but we definitely want to adventure joe calling out a. U p h. What's going on with auph a pharma play that is up? Oh wait, a uph isn't really doing anything. Adventure, joe uh volume, 52 yeah au ph - is that the right ticker it's not really doing too much all right.

We did that remember when there was a guy that got really pissed, that you were saying emoji-based trading and got into an argument about how that's not a thing. Oh boy, oh brother, hey matt! If we hit 40 today, will you do? I don't know what uh? Oh, is that the really um like very very spicy and expensive, like chip, that people have been doing and they cry - i don't know how to say it - pacquiao pack cow uh. I heard about this. My friend was calling me the other day he's like dude.

You got ta do this on stream, it's like a it's like a super super spicy chip like and people are like crying over it. Um flavored, tortilla chips. I'll have to look into that. I like, where your head's at though amc holding above 38 ramen hood coming down: gme kind of low volume, uh trading at 164., but above 164, that that's a good hold for gme.

We just need more volume. We need more excitement in gme all right, but plenty of excitement in amc plenty of excitement all right. Do we have any questions on discord just so you know there is an official moon gang discord. It's in the description of the video.

If, if you happen to be a discorder yourself, iwm coming back around tesla, oh that's tesla. What else are we nvidia? Has earnings had earnings, i should say, or is it today yeah? I think today's wednesday, if you believe in the gregorian calendar, that is all these people thinking that time is linear all right. Gme 165. um.

I would watch a little bit at 168 on gme and then, after that 175. amc's cruising to the next target. Let's go! Let's go amc houston: let's get this rocket. Ship ready, does buff 24 7 aggressively drunk text you uh, sometimes sometimes i like it lets me know that we're still friends, rico doesn't text me anymore, though, which kind of bums me out don't fall for the fake squeeze.

Um this concept - i don't i'll reiterate, but this concept of a fake squeeze to 300. It's not gon na be a fake squeeze like you're, not gon na somehow manufacture push to the 300 and control it it'll. That's like a legitimate rip and i think it would honestly just keep going like i don't think they're going to control it like that. I don't really know where that story is getting pushed and who's saying it, but it seems crazy.

Do you know how many multi-millionaires there would be if amc goes to 300 and then i think it would just keep going like. I just don't even see how they could possibly stop that, because people would have so much more money and they would just keep funneling it in and in and in um. I i just don't buy that all right, uh matt, let's be clear, don't want to just don't want to buy just check zuga coin trading at 170, 000. um.

I don't. I don't know if i could afford a zuga coin like that sounds pretty pricey zuga. It doesn't even come up on here. I don't even know how that would check it if it's not showing up there on trading view.

I don't know what i would do all right, so we were how many cents away we hit amc's intraday highs at 38.70. So we were seven cents off of yesterday's high and that's how i knew it was resistance because it acted as resistance yesterday. There was really nothing too fancy to it. Besides, just saying hey, that's where it ran yesterday, um technicals are very, very helpful and they're super super easy to do like anyone.

There was the reason i was uh. This close, i mean it wasn't to the cent i was off by seven cents, which i'll take that on a 38 stock uh, but literally all i did was say: oh it got rejected there yesterday and then it was resistance. Today there was no other special formula or deduction going on, or anything like that. Sometimes technicals are literally that easy and right now i love this.

So we shoot up comes up to resistance, gets rejected, comes down, allows the rsi a chance to cool. We reaffirm 38 dollars, hopefully holding 38 because 38 is the big trend line breakout if we go to the four hour right here right here. This is we're like at a breakout level right around 38. Obviously the higher the better it's more of a clear one, because at this point you'd be arguing about, i guess individual sense, but we're we're knocking on the door of our first technical breakout, maybe slightly higher.

I guess 38 13 technically something like that um. So, let's see, let's see how the market reacts to these levels if it accepts these levels, but i'd love for. Let me get the rsi on here just so. We could see it all right, nice, nice, nice, the rsa was hot.

We got above 70, currently at 52, so closer to neutral, neutral on rsi. It has values of 0 to 100, so 50 is perfectly neutral um. So i like the pop over 38. The big key here is to hold it for volume to be traded above 38, and then i want to take out 38.77.

I don't know why. I can't move this up by like one set, can i oh there we did, we did it, we did it. We did it, we did it so just so. You know right now, i'm going to take this down, but the rsi is perfectly neutral uh.

So, let's see if we can make some sort of base and then kind of go from there a little little bit of a whippy opening for gamestop gamestop went from 163 80 up to 150, 65, 30 and right now it's at 160 350. robin hood. Putting in lower highs and we're trying to wait for the second low of the day for market opening to see what's going on here, then we have iwm, it got sold off pushed and now it's kind of like chopping in the middle, so iwm has no direction As in the russell 2000 and the s p, 500 looks like it's kind of drifting upward, but maybe it needs to make some decisions, but if you see green in these bottom ones, it'll be easier for amc to be green. That's not guaranteeing anything! That's not saying like if these go green has to go green, but it's the entire concept of headwinds and tailwinds.

And if we see these pushing more money's just flowing into the market and the odds are better for amc, also pushing. But it's not going to be. Like a perfect one-to-one correlation with that type of statement, i look up to you. I'm grateful for all.

You do always sad but truthful, hey. Those are very kind words. I appreciate that um the support is phenomenal. Thank you.

Please give me your thoughts on m r. I n, when you can alright i'll, do it here, because gamestop is not moving. Let's go to the daily uh looks like it's just selling off. I don't see any buyers stepping in it's spiked up and down down down down down it's one thing if it swings, but previously it's had two, i guess big buying days.

So i would look for maybe two or three days where buyers are actually stepping in to better signify a trend reversal, but all i'm seeing is selling au ph. Do i think it'll jump again? Uh? No, i mean jump. I mean this thing is just kind of ugly chop sideways on auph. I wouldn't want to get into it.

There's there's no nice trend here. I don't know if i'd want to throw my money at that play, i mean i'm here for the easy layup plays. I want to either play a over extension reversal or i just want to ride with a trend, but when i just see sideways chop and that's all, this stock has really done. That seems like a very difficult trade uh mark give a shout out to my girl alyssa we're trying to get this money at robinhood.

Byron shout out: hey matt, i'm a dyna, hey matt, i'm diamond handing amc to the moon, but oh, but also bought 150 m r. I n i mean i wish you luck with it. I just for me mrin, wouldn't be a play because i don't it's just trending downwards. You're, like fighting the current trend.

Remember the trend, is your friend uh, mr 19? This isn't a dumb question. This is a very good question. Can you explain resistance and support? I can put it very very simply: resistance is a price level that the stock has previously been rejected by, like it runs up to it and it gets smacked down and supports the opposite. It's a price level that the stocks come back down to, and it's bounced off of that in reverse course.

Uh support can become resistance. Resistance can become support. Basically, it's just saying: once you have an important price level, they tend to remain important price levels as in a price level that the stock reacts to of it's a breakout, a breakdown, it's just where you're looking for a stock reaction. So, for example, yesterday we saw amc get rejected at 38.77, so i was like okay.

This might be resistance once again today and that's exactly what happened enough. People saw that it was resistance yesterday and apparently made their trade there this morning and a lot of the times. These end up becoming a self-fulfilling prophecy and that's kind of what we're seeing thus far, but remember we're only 13 minutes into the day. I i usually don't even trade before, like we're, not even 15 minutes in uh.

This is a good example of why i don't like tracing right out of the gate, because sometimes you get some whipsaw action and i would rather pick up amc at 37.40 than i would at 38.40. I save myself a dollar a share allah. Thank you for that. Generous super chat, scott, hey matt, thanks for all you do amc apier i purchase aout 30 15 october calls my first option to play, hoping to make more money and add to my amc, scott shout out.

I hope you crush it and i love how much time you gave yourself teddy zayn said they will cover in segments to minimize their losses. Um. I have no clue who teddy zayn is whatsoever uh, so i have no idea if he puts out good content. Bad content, i don't know his background uh, i don't know if he is who is teddy zayn? Who is this guy? It? I don't know.

I don't think this is the right teddy's. I don't know who this guy is. I've never heard of him uh. The teddy zayn i see is about doge, so i don't know why he would have like some extra knowledge on amc.

If he's a doge channel so right away, i kind of don't buy it, don't buy it fake shares, fake squeeze fake girlfriend. Where am i theo player poker? Who remembers the battle of 801 every day is a hype day. Let's go shout out: poopsicle need magnet and rocket all right, good call. That's that's the problem of what's going on right now we don't have enough we're getting rejected, but not hopefully not for much longer.

Let's get some. Let's get some rockets going. Let's get some superior charting going. Imagine thinking that this doesn't have an impact on a stock price that would be crazy, all right, this kind of worked for us yesterday.

So, let's see what kind of follow-through we can get with it today or maybe they've caught on to our methodologies, and we might need to change it up a bit all right. We got this going here here. We are, let's get some magnets on this: let's set them with um, instead of one big one. Today, let's hit them with a barrage of maybe smaller magnets, see how that you know we're just we're.

Brainstorming, no idea is a bad idea in a brainstorm session. Oops didn't want to do that all right, yeah, let's do this yeah, i don't like it. There we go. This is the type of this is the type of charting that you guys come here to learn about.

I know i know my audience there we go there. We go, let's see them, trying to fight this one off for the day. Oh oh, this is this is coming together. Strong.

We need a magnet, i agree. Uh, can we start a rumor that chris angel is really kenny g and he used his magic to hide all the shorts and hey matt? Can you give a shout out to my fellow ape don vito and also do your best halo, 1 elite impression? No, what's going on john, that's a throwback shout out shout out to john shout out to don vito. I demand mad streams in an ape costume and you better get commando when you do it apes to the moon. 17K people watching three, six uh, something isn't adding up.

Hey they'll come they'll come they were waiting for the magnets. I, like the chris angel rumor matt og, appear trying to make some cash to buy more mc pm. Cb is currently halted. Is there still more room to run? I mean a stock could always move.

You can't say like oh this is it that's, not necessarily how they work. Of course, there's always going to be more room to run um. This is just a pharma play, though, so you have to look into what's going on and that whatever the announcement or the approval or the successful test relates to the company, but it feels like you're trying to chase it. I mean it's up 135 on the day.

It could keep going of course, i'm not saying that 808 is the highest level and we're going to sell off it's just. I don't want to chase it myself, it's showing some strength, but it could get rejected here at 351 and be done on the day chasing a gap up runner, it's just it's not my style. I've seen it end poorly way too many times. What's your thoughts on sprt, i'm long on sprt uh, i would love for it to get back up to the 10 11 12 area, but uh it kind of starts moving out of nowhere on random days like right now.

This is a bit of a lower volume day for it, but sometimes we see very strange, weird midday moves and it just takes off long time watcher. First time, chatter i was hoping you could take a look at j k s jks finco solar sounds like a solar panel company. Not looking the best looks like it wants to come down to 36 ish. I mean right now.

This is you might hear the saying. Uh catching a falling knife, jks looks like you're trying to catch a falling knife um. I think it looks like there's more downside to it. I i just don't see any buyers.

Stepping in matt's picture of margaritas shout out shout out shout out all right. We still cruising on our kbs's yeah, five thousand five thousand. Who knows what it means but sounds like a lot of them sounds like a lot of them all right. Well, so amc interesting day opened up the day by bottoming at 37, 20 ran all the way up to the previous day high and then just got systematically sold interesting, interesting, interesting, interesting uh.

Is it being shorted, or is this like some day traders a combo of the two? What is going on, let's check out ortex, to see how much has been borrowed against it? So ortex is reporting that there's a borrow of half a million shares against it, so that i mean how much volume are we at and we've traded 13 million on the day, we're about 21 minutes into the day. So that's a decent amount of volume and if you're shorting well, obviously you can get shares on loan a previous day and then short them a different day. You don't have to short them the day that you take them out on loan, so it could be a spillover from a previous day yesterday, the day before something like that and they decide to short now it could be. I mean because my point is: is that the half million wouldn't account for a drop of two dollars uh, so it could be previous shorts.

It could be some recent reversion players, just i guess, locking in their profits. On that breakout. Like i get, we were at resistance and the resistance uh that breakout. It was a fake out breakout for now, but um i'm trying to come up with like an actual reasonable theory that could explain the current price action and i mean obviously the supply is overwhelming.

The demand, whether it's a legitimate supply or not, obviously we know that there is uh strong evidence for counterfeit shares, so obviously we know that supply can be bloated, but i'm just trying to figure out on this day's action just between 9 37 and now 9 50.. We've had 20 minutes of just so much extra supply, but why? I would say: don't let this kind of freak you out when we were doing this in may, especially for the newer viewers, if you're a newer, ape amc kind of tended to do this thing where in the morning right out of the gate, it would push and Then it would end up selling off and we would get a sell-off honestly till around 10. 30. 10.

45. So this one might be even a little bit earlier and then it would base. And then, by the end of the day, we were not just green, but we were very green. It would end up running but um.

We were in this very strange pattern right out of the gate to push sell off for a good hour or something like that, and then it would base and then end up. Turning around and like rip for the remainder of the day, that's been a common pattern that we've seen in amc, especially in the month of may um. It tended to do that. So i wonder, if we're just kind of back into its like old old ways of that type of movement, uh thoughts on your archrival tesla and my 685 calls for tomorrow: tesla tesla, tesla, tesla tesla's, looking strong um yeah, i mean uh you're still out of the Money uh, so i don't like your expiration date.

That's not good, but if this keeps pushing, if i were you, i would be i'd wan na be locking in my trade before the day actually closes, because you're gon na have some serious theta overnight. I've noticed this correlation for months, this morning's pre-market and then now of just what what's the correlation um all right looks like the next. Stop is 37.40. Actually, 37.40 was a stop from yesterday, as well.

Uh seems like that's becoming a more important level. 3740. 37.50. We've seen uh literally yesterday, that was an important level on amc, and now it's once again become an important level.

Look for amc to get above 37.40 tesla is pushing, though jordan. I would ride the trend as long as it's intact today and if i were you i'd want to close out my position before the market closes or maybe, if there's like a trend reversal but tesla's, definitely showing some strength. A short volume precedent has been over 50 percent for eight straight days now i haven't seen over 50 previously for almost a month short volume percent uh drew. I don't think that's right.

That does not seem to be accurate, i'll check that, though i'll double check, uh amc overview. Where is it that would be really high, and we also know that short volume is kind of a useless data point uh. I think i could get this on iboro. I borrow desk amc.

Let me just double check this data point nope. It's not there is it on stocko tractor tracker tractor um, but anyway even i can't seem to find that data easily right now, but um. That seems way too high to me of 50 short volume and if it is accurate, which maybe it is, it does seem a little bit high to me, though um, even if it is, it would mean nothing just because short volume. It's what's referred to as dirty data, because that involves a lot of the high frequency trades that are in and out within nanoseconds.

So it's not a quote-unquote legitimate, like longer term short swing, play they're in and out before you can even blink, and that adds to the volume. So it's not really they're, basically providing liquidity, they're, not they're shorting, but they sell, and then they buy right back. So it's not a legitimate short the way we would think of it. Uh matt, why does it seem like the rsi gets overbought way faster than it gets oversold? Um? That's not true.

Uh rsi is running on a like pretty basic formula and it's going to work up or down it's all about the volatility of each bar uh. So, for example, the rsi spiked very quickly this morning and then when we saw all these red bars, it came down very quickly. The bigger the bars, the more it's going to impact the rsi for whatever time frame you're dealing with uh. What do we have here? Hey matt, i'm break.

Will you look into squeezemetrics.com? It says you can buy real time. Exchange short volume in dark pool, check it out once again, short volume is not useful in any way it does short. Volume has no correlation really with short interest short interest. Is the important data point short volume short interest? Are two different things um and for dark pool? Um.

I i don't know anything about short metrics, but i know with the dark pool data. People have been very happy with unusual whales. It's kind of a more well-known twitter account within the community, but i believe they have some good short or dark pool info. I haven't heard of squeeze metrics um, so i don't know if it's good or bad sonko, tracker and shortvolume.com just broke my heart with dirty data.

Stonco tracker should remove that stat. Is it oh, so it is on stocko tracker. So with it the way. It's not completely useless.

The way you would use it is to watch its trend over multiple days is how you would look at it. Trading volume borrowed shares, so there's a couple things. People need to know about stonco tracker when it talks about borrowed shares and the availability. This is exclusively the availability on interactive brokers, one brokerage, while, on the other hand, the live updates for ortex is getting coverage of sixty percent of all market volume so way more than just one brokerage um interactive brokers does not come close to representing sixty percent of Market volume and then the numbers on top that's 85 coverage.

It's just the issue is not all brokers offer real-time data. What is this uh short percentage? Uh summary of trading date of amc short percentage is the amount of volume shorted yeah, so the volume shorted the magnitude would not matter to me at all, would not matter to me at all. I would want to watch the trend um.