What's up moon gang, what an incredibly wild apis day in the stock market? So much that i want to make a wrap-up video, a style of video i haven't made in a hot minute. I just think things are so incredibly bonkers that we should be unpacking. Quite a few things you know i'm kind of getting some vibes just a couple vibes of memorial day weekend into early june of circa 2021 and remember i'm not a financial advisor, i'm not a fortune teller. I cannot promise anything but man, oh man, what an apish day in the market speaking of the market, i really need to get into some of this high level stuff, and then we need to talk about some of our individual favorite equities.

Maybe a little amc. Maybe a little gme and see the connection between the two because hold the phone. I think there might be a particular setup, a particular storm brewing where the players, the sizeable players against some of our favorite stocks, might be getting their asses handed to them. So i'll be doing my best to try to like connect all the dots of the things that i'm particularly seeing and at the end of it, i want to dive into a little bit of what we're seeing and maybe a different sock.

We haven't heard that much about, but what i'm seeing in the underlying data and what we're seeing in the price action absolutely insane. So this video is definitely going to be jam packed if you enjoy this kind. Don't forget to. Let me know in a comment below and also don't forget, to join up with the moon game by hitting that subscribe button, and if you want to help me out the algorithm smash that, like button with all that being said, let's hop into it, as you can See i was not messing around when i said that the market had an absolutely ridiculous day and i will be getting into how i think some of the players against maybe a little gme.

Maybe a little amc might be getting their asses handed to them. Couple things brewing in the background, but check this out the spy on an fomc meeting minute day we're going to be getting into that a 0.9 the q's had a great day. The small cap sector amazing day up 1.8 percent, amc crushed it up 14 and then jimmy said, hold my beer rip 29 and there's a couple other equities that we need to be getting into so really to best formulate this. We got to start with the overall market, the s p, 500 and, like i said, an fomc meeting minute day.

So it wasn't a normal fomc meeting. But we got the minutes from a previous meeting, which kind of lets us a little bit more behind closed doors of what was said. What wasn't said and the tldr version of that you can find right here. Fomc minutes, half percentage point rate increases appropriate for next couple of meetings.

Officials agreed to expeditiously move policy to neutral a number of officials said it would be appropriate to consider sales of mortgage-backed securities. So when you consider all of this, i'm actually a little surprised about the rip in the overall market. To me that sounds a little bit hawkish and there was definitely not too many dovish things in there. If you really look into those meeting minutes, you could say: okay well at least they're kind of admitting that they don't want to utterly destroy the entire mortgage real estate world.

So i guess you could consider that a little bit dovish, but for me in the overall market, i'm kind of getting the vibes like the previous rips that we've seen from the fed work into the end of the day. It goes high, high high and then the next day. It's given back so i'm looking for that, maybe in the overall market, but more specifically in tech and the reason i'm looking for it in tech is because we've been hearing kind of the same tune from various other companies and nvidia ticker symbol, nvda, which, as you Can see is currently down in pre-market down 6.66, as i'm filming this right now we're getting that same vibe. We just heard this from snapchat.

We now heard it from nvidia. It looks like the tech sector. A little bit distressed, nvidia stock falls on light guidance. Cfo says company will slow hiring, that's literally what we just heard from snapchat, so once again people a little iffy on the tech sector, which is going to be tracked by qqq one of the most popular etfs out there, nvidia reported fiscal first quarter, earnings right after The market closed today, wednesday april 25th, the stock dropped an extended trading after the chipmaker gave a light forecast for the current quarter and ended up also just missing on those core numbers and videos will slow down its hiring pace and control expenses.

As the company deals with the challenging macro economic environment, so the earnings per share was a dollar 36 adjusted versus 129 expected, so it beat on eps, but the revenue. There was some things and if you listen to the call a little bit of concerns there - and it really is more so of hey the future - we're under some pressure and the reason i'm bringing this up. I am a fan of nvidia, i'm a long-term investor in video, but what i think is most interesting about it is this the same type of dialogue we heard from snapchat, and now people are saying: okay, what's going on in the world of tech, are things a Little bit more dramatically, bearish than really we're being told now to really start to tie this together of why, i think, potentially, especially after a day like we see amc and jimmy, ripping why some of these players might be under a bit of pressure. So nvidia down right now, question marks around tech and, like i said with the fomc, i think they're a little bit more hawkish and people are really digesting, so i think pressure in the overall market.

Why? I think this is a big deal. Let me quickly switch this over to better explain it. Remember big money commonly moves the market all the time. No, but a lot of the time they do it's very, very rare, to be a short only fund, as in a lot of the players that are most likely short amc and jamie they're, not most likely just pure bears they probably in their portfolios.

They're waited out. Most likely, not in all cases but most likely by some serious long positions. Well now we're in an interesting scenario where what, if both of these plays lose for them. Think about that.

What happens if they're long generically equities that you find in the s p, 500 and in the queues and those start going down and then what? If, on the flip side that rarity equity that's not going down such as amc such as gme, maybe a couple others? What, if all of a sudden their quote-unquote hedge, where they thought they could kind of like beat up some retail traders and or investors what, if it all, goes awry on them now, a lot of people might be alluding this to like a negative beta thing. I don't really buy into that just because i think negative, beta you're, really cherry picking the particular time frame you're in. But what, if it's one of these scenarios where all of a sudden everything goes awry and they just arbitrarily choose to cut their losers? What if they have to cut some of their longs that are going down and what, if they're shorts the ones that they thought were the hedge for their overall portfolio, are the oddballs that are actually going up. And you know, obviously i can't tell the future or anything but amc and gme if there's something that's going to go up, those are the darlings of the retail trading world.

Those are the ones that are going to be watched, the most whether you like, both or just one, it's kind of hard to argue with the fact that they are clearly monitored the most day over day over day and honestly, not only by retail but the data. I'm about to show you also by big players, because we see sizable, bets stacking up against amc and jimmy. But then, if you take today alone well, things in the overall market are looking rough and then there's couple shorts. Maybe if it's amc and jimmy well with rips like this amc, have 14 gme up 29, it could be a wild losing battle now.

Obviously, this is all just conjecture. I wish i knew where the future was going to play, but i see an interesting scenario that we're getting into where, if amc and jimmy can hold and then the rest of the markets looking a little bit wonky i mean our girdled friend marge might be calling Soon so with all that being said, i know i'm just loosely, attaching all those ideas trying to connect them all together. So we see some weakness in tech which could spill over to the overall market and if amc and jimmy are just holding and then all of a sudden, they start ripping like this man. Oh man, well before we get into that.

I do want to explain some of these numbers because it's just incredible jimmy current short interest. 27.5. This is a one-year high look at the trend. It is ripping, as in the players going into it, they're getting more and more bearish they're stacking up their bet, but on a 30 rep day you can see how at least at this current time that i'm filming it are horrifically wrong cost to borrow sky high 167 percent utilization has been maxed out for a bit and shares on loan.

It's relative to amc. It's a lower flow, we're at 22 mil now, if i were to bring up gme just the levels, i'm watching, what a beautiful day we broke out of this range. Very bullish right now we stopped at this previous support, turned into resistance at 115.. The next thing i'm watching is we'll call it 125., it's technically 123 and some change.

That's the next level, i'm watching for me, amc gme, doesn't really matter no price target. I play it from level to level to level. I wholeheartedly believe having any price target is silly. I think the optimal way to maximize your profits is riding the trend.

I want to make that explicitly clear. I'm never ever going to be in the game of calling out a price target. I think you ride the trend until it's kind of done and there's various ways you can watch it. One of my favorite ways with these two particularly is just seeing when the shorts cover.

So anyway, that's what we have on gme and i did want to quickly give you the age. The average age of these shares on loan, which is what you have to do to take a legal, legitimate short position, they've been in it for about 67 days now, turning it over to amc, hey, not a low short interest. It's easy like it's also pretty commendable, and i mean 22. That's been kind of going up and up slow and steady, but hey a noteworthy short interest to say the least cost to borrow still oddly low, especially relative to gme they're in the same ballpark of short interest, but amc coming in at 4.3.

So i do think. That's a little bit: wonky utilization 100 shares on loan 167 million. Like i said it is a larger float, and just so you know, the average age of these shares on loan is 81 days now, turning it over to amc's chart, we had a nice higher low. Let's see, maybe a bottoms put in obviously fingers crossed on that.

Looking for the breakout about 12.75. But obviously, if we repeat today that shouldn't be much of a struggle and then the next thing i'm watching is just under 15. that'll be the main levels i'm watching to the upside on amc. Now, with those two obviously like i said before, they are the dollar links of the retail trading community.

They have a lot of excitement and it's for good reason, because things like this can happen, but there is another one. I want to bring to your attention just because not so much that i support what the company does, i'm not even really the biggest fan of its business model, but i'm talking about rdbx and the reason i'm bringing it up is because if you look at the Data set behind this company, it's insane, it is crazy. Now, before we get into that, i want to make it explicitly clear. I have no rdbx position, no shares.

No short, no call no puts nothing like that. I have no position, in fact. I've never traded it, but just because you're watching this, i wanted to give you a little bit of a sneak peek about how crazy this is because currently training at 672. I think if it gets above seven dollars, things could go wild, and this is why so you saw amc, you saw gme.

Their data sets crazy check this one out, rdbx short interest of 162, as in out of the entire float 1.5 x. That is bet against it, which is insane cost to borrow 719 utilization. 100 shares on loan low float, 2.6 million and then the average age of the shorts against it just over a month. But what's crazy, it's on the threshold list as well, which means it has an abnormal amount of ftds fails to deliver, basically something in the back end market structure of like hey, you said you bought hey, you sold you sold where's.

The shares people are sharing their shoulders, saying i don't know which to me is always a little bit wonky because, like this should not be happening. So it tells me that not necessarily that it has to be nefarious, but there's a chance that some major messed up stuff is going on in the background, especially when you see a short interest like that, these numbers are jaw-droppingly insane and i don't know if it's Gon na rip, because i like to best describe this as a powder keg, this could explode. It's just a question of. Is someone gon na like the match? That's the question, and i don't know, but i'm looking if it can get out of this resistance of seven dollars.

I think there could be some fomo that quickly brings it up to eight and then a ripped to 11 and then from there who knows, but one that i'm definitely watching like. I said i have no position, but if it's not on your watch list, you might be missing out on some serious fireworks now. Overall, it was a crazy crazy day and, like i alluded to the main message in this video is, there might be kind of a perfect storm brewing in the back end, and i just think it's interesting on the timing we're heading into memorial day weekend. If you remember memorial day weekend early june of 2021, we saw some insane fireworks then as well and in the market.

History doesn't repeat, but it often rhymes and i'm just curious. If this particular data point we've seen about a year ago, is once again going to repeat itself who knows, but we might be in for some serious fun, i'm very excited to see how this all plays out so, whether you're watching the rip in gme amc rdbx. Let me know in a comment below because it feels like a very very fun time to be an ape i'll catch you in the next video.