What's going on moon gang, let's talk about what happened in the stock market today on tuesday march 30th. That means that we have one more day left in the month and also don't forget that it's actually short in trading week this friday, friday april, the 2nd will the stock market won't be open for good friday. So it's a short week. The last training week of this week will be thursday all right.

Let's hop into what happened. Gamestop had a pretty solid day. It gained seven percent uh, 7.25 percent and after hours trading it's up a little bit. It's at 194.5 uh amc was pretty much flat in the day.

It dropped 0.97 right now it's trading at 10, 25.. Just so you know to be completely transparent with you. I did make a new gamestop position. I bought a call a strike price 225, expiration date april 16th, so i'm giving myself some time with it right now.

I am on the red on it uh, but i i'm feeling pretty good about it to be completely honest, and also just so. You know. I also have some tesla calls uh. I had three sold two of them for a profit today as a quick day trade and i'm swinging one more uh, tomorrow, 6 25 strike expiration date of this thursday april 1st, all right before we get into a technical breakdown of what we should be looking for.

In gamestop and amc, i want to go over some important fundamental developments, so there's a pretty good chance that gamestop had such a green day, because there were some new personnel hires, honestly ryan cohen, from chewie who's. Now, on the gamestop board, as of january 2021, he's proved himself to be really good at bringing on like highly expert personnel for gamestop and their push into e-commerce. So it was just announced today that gamestop is adding to its growing list of new executive hired from amazon and truly with the hope of turning the struggling, long-time mall staple into an e-commerce powerhouse. That is very much the current fundamental vision for a couple months.

Couple years down, the road is turning gamestop into an e-commerce powerhouse. Basically, people like inside of the company we've been hearing. It are there. Their goal is to be the amazon of kind of like just esports uh console gaming sales.

The video game retailer on tuesday announced the hire of elliott wilk as its chief growth officer wilkes spent the past seven years at amazon, including as including as director of amazon, fresh stores and the prime pantry business, and also previously worked for consumer goods. Giant procter gamble. Keep in mind, this is on top of the fact that they also hired jenna owens. Another powerhouse who had a background at amazon and google we're starting to see a pretty impressive trend of these hires wilke will start at gamestop on april 5th and be responsible for customer loyalty programs and expanding the use of consumer insights and metrics.

On top of that, they also have two new vice presidents for brand development and merchandising, so uh very good hires for gamestop um, exciting stuff, good reason to why explaining why uh gamestop was actually up seven percent today, on top of that uh now, switching gears slightly Just for a fundamental update of what's going on, um with amc, a shout out to kong posting give him a follow on twitter, always posting stuff that relates to amc. He found information basically today march 30th, that the goldman sachs small cap, equity uh, actually bought 12 000 shares worth of amc, so that's cool, more people buying in obviously buying pressure is very, very good for us. So before we do that technical breakdown, i just wanted to give you a highlight of the current numbers in terms of amc. The shares on loan that theoretically could be shorted is up to 122 million shares um and keep in mind that the free float on or excuse me on.

Amc is around 400 million. So that's a pretty decent percentage and the estimated short interest is now up to 19 and in terms of gamestop, the on loan is 12.7 million, and the estimated short interest is 24. So both definitely not only are trending in our favor, but have uh a magnitude that is in the realm still of a short squeeze. So keep that in mind.

Uh. The data is currently favoring us on both amc and gamestop um amc. Goldman sachs is buying more shares for their uh small cap fund and gamestop, making impressive hires. So that's kind of the quick update of going.

What overall is happening with amc and gamestop today, uh. Here's a quick technical breakdown of the overall market here is the daily chart for the s p. 500. It's an etf etf! Think of it as a basket of scott stocks.

This is 500 of the biggest companies within the united states uh. We are continually holding this previous high, this previous relative high from february 16th at 390, 450. It's our third day, closing above it, so that, in my mind, is just solidifying the importance of this price level. If they continue up, i expect the next resistance to be at 398 and past that i'm watching that key psychological level at 400..

So overall it does seem like the bulls are under control. Uh we're seeing higher highs higher lows right now for the overall stock market. I mean the the proof is on the scoreboard right here. The bulls are in control um.

I just like to give you those little quick updates. Now, let's switch over to amc amc, not much going on today, uh pretty much flat down point two: nine percent in aft hours, really not much going on there on the daily chart. Here's how it looks on the 30-minute chart after breaking out of this downtrend we've been trading flat. It's consolidating um.

You could say that most of the time consolidation um will favor the bull camp, but why i like it favoring the bull camp, is the fact that we've been basing very very nicely at ten dollars and now it seems like we're bouncing off of that. So i want to break see a breakthrough of 1050, followed by 11. um and that's what we're seeing on amc once again: amc training it closed out the day at 10, 35. now for gamestop very, very similar daily chart, but it's intraday action relative to amc.

Just on the day was a little bit better once again strong fundamental developments with those new hires uh gamestop gained seven percent. So right now, um i've been talking about this price level at 185, almost like ad nauseam, um nice bounce off of it, and i'm looking for a breakout of this region of resistance between two two between 200 and 212. from there i'm expecting a little hiccup at 2 30, but that will mainly be followed by uh 250. when the market opens back up tomorrow.

I'm looking for a 184 185 to continue to hold so basically amc we're playing that region between 10, 10, 50 and 11 game stop. We are playing the region between 185 212 any day. That's up or sideways is a win for us because everyone who's shorting it has to pay a fee to a fee. To borrow those loans.

Uh borrow those shares. It's a loan fee uh, so it's costing them money every single day. The stock goes sideways or up. Obviously, that's good for us in terms of fundamentals, um well, actually, in terms of the data, what we're seeing the shares being loaned are increasing.

The short interest is increasing on both amc. Gamestop amc's is at 19, while game stops is at 24, so those numbers definitely favoring us and other than that um, some small, but definitely positive, fundamental updates um. I would love to get your thoughts on both of these amc and gamestop in a comment below. Let me know what you're seeing uh.

Do you agree with me? Do you completely disagree? I would love to have a fruitful conversation in the comments below, but what i'm seeing it does make me happy um. I think right now, the way things are playing out. Do favor us retail investors do favor us space apes, do favor us diamond handed people, but once again, let me know your thoughts in a comment below don't forget to join up with the moon gang by hitting the subscribe button, and if you want to uh, go Over that bell, icon click on it and switch it to always. So you don't miss any of the update videos such as this one or any of the monday to friday live streams when we're looking at all the price action as it plays out in real time, and if you want to use this training platform, this is weeble.

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