What is going on moongate, this video will be an update about what happened in the stock market on tuesday march, 2nd first i'll be letting you know. What's going on in the public portfolio, then i'll be talking about the action in two of our favorite meme stocks. Amc and gme, and then we have to talk about the new darling or maybe i should say, potential darling of the memestock world rocket companies, but before we get into all that, i want to take a quick moment to say thank you today. This channel hit 100 000 subscribers and i am beyond elated.

Thank you so so much for all this amazing support on this journey. Of course, we're going to be here for more and more stock market content, but i really just thought it was important for all of you to know how much of your amazing support truly truly means to me once again. Thank you very, very much from the bottom of my heart, all right, let's hop into it before we get into the charts. Here's a quick update of what's going on in the portfolio today we ended down 200, so pretty much flat.

I did add some new positions that we need to talk about. First, i still from the previous portfolio updates. I still have the gme calls. I still have the amc calls i sold cciv, so i can get into rkt, but i still have my amc shares and gme they.

Those haven't changed at all. So let's talk about what's going on with my rkt position and rkt is the ticker for rocket companies? First of all, um today when it really started moving, if you caught any of today's live stream, there was a technical breakout. That's when i first got into rkt so right here around what time is their timestamp on this um at yeah at 12, 45 right after the technical breakout, i got two contracts at 220 each. So the total position cost me uh.

440. The 32 strike expiration date of this friday march 5th um. As you can see, i only have one left: that's because i sold one at 750, basically not only to cover my position but lock in some profits and now for this one, i'm basically playing with the house's money just to see if this does become another squeeze. Amazing run-up scenario - and i think there's a couple signs that it could could happen.

I'm not saying it's likely or definitely not saying it's definitively going to happen, but i figured let's run with one and then, when i saw strength later into the day i more than triple down on the situation. Uh 50 strike expiration date of mid-march. These ones are farther out, i'm letting it more time to develop. I have three of these call options.

Each one cost me five dollars and ninety this was actually two separate buys one at six. Twenty, two at five: seventy five uh. As of now, i am uh 29 on this one uh, but once again, this one is a little bit of a longer play. So those are the two new positions.

Basically, two call options on rkt, just in case we see another massive squeeze. Please please. Let me remind you, not a financial advisor. This account is extremely high risk to high reward.

I would not say that this is conservative trading, investing or anything like that. This is pretty much big big bets at the casino we call the stock market before i get into really what's going on with rocket. Let's do a quick breakdown really uh fast of what's going on with amc, gme uh just i know, a lot of people are tuning in a quick update. Basically, both of them essentially had boring inside days right now, amc um.

It ended the day at eight dollars and ninety three cents right now: it's trading at eight dollars and 89 cents. As i'm filming this, it dropped almost three percent um, not too much going on with amc. I would like to get it to recapture nine dollars past that i have a big resistance at 10, 10 and then past that we have 11 for the gap fill so once again. The first resistance, i think, is just that key psychological level of nine dollars.

I'm hoping we gap up above that there's a the main first resistance i'll personally be watching is from 9.75 to 10 10. there's a lot of supplies sitting in that area. So i'm expecting it to struggle there, but if we can go overcome that, if there's enough bullish momentum i'll then be looking at the bottom of this gap at 11, and just so, you can see the kind of action that we're dealing with. This is the 30 minute chart for amc.

It's just pretty much a repeat of yesterday, monday march, 1st, it's just an inside day, not much movement. A day of consolidation, don't forget in the world of stock trading. Support is followed or sorry. Excuse me.

We have periods of expansion, uh, followed by consolidation and vice versa, so we had expansion. Most recently, the expansion was downward. Now we've been consolidating so fingers crossed knock on wood, that the next phase is expansion, not only just expansion, but expansion, upwards um and one final update on amc before we get over to gme uh here. Excuse me uh.

Let me quickly do this um. I just wanted to go over it as we were watching it throughout the day. The short shares available did go up, so that means uh. More and more people were covering their position.

Uh. The short bar rate fee rate is still pretty high, but i just wanted to keep you updated on this. Overall. The short interest in amc is still high, definitely so high enough for a short squeeze.

I just wanted to know that the general trend today was that we were seeing more and more, which means that more people were covering the shorts. Just so you know all right now: let's switch gears a little bit to jimmy, not that different from amc uh. Another kind of just boring inside day, not too much going on the first resistance is 128 uh. If you were paying attention to the stream today, we know there's a lot going on at 136.

We can see that better on the 30-minute chart, but overall, the big upcoming resistance is the top of the original gap region back from february, 2nd that's at 158 and then from there. We have the gap of 184 to 212., so similar to amc that we'll have that gap fill up to 12.91 uh. I am looking for a gap fill up to 212 on gme. On the bottom side, we have some support scattered all the way from 91 up to 114, there's scattered uh support in there.

So i'm definitely looking for gamestop to hold on to that um. Let's switch over to gamestop here. So we are in this uh pennant going on it tried to break out of this today. Just so, you can better see.

I basically just connected these two uh, so we had this high of 199 and then uh the next high on february 25th connected that it tried to break out today kind of got smacked. So i'm looking mainly for this breakout tomorrow. If that happens, i think it could get pretty exciting. There is resistance from 134 to 137 past that when we have 158, those are the technical levels of resistance, and just so you know to clarify when i say support, all i mean is a price level that the stock has bounced off of in the past.

When i save resistance, all i mean is the price level that the stock has been rejected in the past in the world of stock trading. Uh support likes to remain support, resistance likes to remain resistance, and they switch support to resistance resistance to support. So, basically we're just identifying important price levels, because there's a good statistical chance that they will remain quote unquote, important price levels in the future. These levels i have marked out in the yellow are important price levels in the past, so i think they'll remain important price levels in the future.

Today, we're selling off a little bit uh gamestop down 1.84 down a little bit more in post-market trading, but really overall, it didn't change much from yesterday. So both amc gme a pretty boring days, not too much action. But remember consolidation leads to expansion, so the more and more consolidates it's going to lead to a bigger phase of expansion. So that is definitely what we are waiting for and just to give you an update on gme.

Why is this doing this again? Sorry, the uh, the share, the short shares available is down to 250 000. So overall, like we did see a slight trend upward um, so some people did cover their shorts, but the short overall short position is uh from the data that we have still pretty sizable. On gme so once again amc gme kind of in the same bow as of now. So let's look for a big development, of course, as um the storyline for amcm gme uh continues.

I will obviously keep you updated with the new technical levels. If there's any uh um fundamental updates i'll keep you updated on that and now, let's switch over gears to potentially the new meme stock that everyone's excited about rocket companies trades under the ticker rkt rocket companies it gained 71. Today, it ended at 41.60 in post market trading right now, it's down to 38. um from the start of 2021.

Until now, rocket companies is up 105, this week alone, it's up 108, and it was really it had an okay day yesterday on march 1st, but today was absolutely insane. As you can see, yesterday's high was 24.50. Today's low was 26.75, so we do have this gap region, but so much bullish strength for those of you who don't know um rocket companies is just we've heard like it's. The rocket auto rocket loans um, here's all their companies just so you have a better idea of who you're really dealing with um.

What's kind of interesting about this, is they had a very, very good um earnings report and basically they did okay in 2020, more recently they're doing super well, because interest rates are trending downward, which is obviously very good for mortgage loans and everything of that nature. But what's cool about this is it was the hot topic in the world of wall street bets today and there was obviously a lot of attention, so people are suspecting of hey if not much action is happening in gme and amc. Maybe it's going to happen in a rocket rkt, so um i like it, especially because it fits into the brand of the moon gang, we're riding the rocket to the moon. I like how it fits in um.

A couple of people were worried of like oh, is this the distraction from gme amc? I don't know like i i haven't. I have faith in all three of these. Obviously um. You have to understand that, just because retail traders are um, i guess what we're paying attention to is like all over the board.

The big thing moving these markets is hedge funds versus other hedge funds. Please, please don't forget about that. There's a chance that some of these could squeeze all these could squeeze. I don't really subscribe to.

The notion of like rocket is taking away attention from gme amc to the point like i know it's taking away attention, but i don't think it's to the point that it would completely stop the squeeze. That's my opinion on it. Maybe i'm completely wrong, but, as you see i have a position in all three. I would be happy.

I really want all three of them to squeeze, but i would be happy for any number of any number of them to squeeze. I'm looking for money making opportunities in the market, i'm not um, completely indebted to amc gme, i'm at the point of how can i make money if i see a mover and if i see good opportunity i'll hop into it, but of course i'm not selling any Of my amc gme i had diamond hands on those. I will be riding those to the moon, so the intraday high on rkt was up to 43.. Let's look at the 30 minute chart um.

So basically i got into my call options on this breakout down here. When we got out of this trend around thirty dollars, uh i got in, i thought there would be a little bit of resistance at 3442. There was, then, it shot up past that that's where we had some halt in the post market training it got as high as 45.50 and now we're training at 38.. So the big question is: what's going to happen when the market opens tomorrow.

Obviously, i'm not notre dame. I don't have a crystal ball. I don't have a magic 8 ball, so i can't guarantee um. What's going to happen, all i know is now we're at a new all-time high, so we're going to have to let price discovery play itself out, so we can better understand the new levels of supply and demand.

With that being said, though, we can also bank on some key human psychological levels. The first one i mean we hit 45.50, which sets up the first one of 50. A lot of people will be trying to create shorts. There they'll be trying to take profits there.

So i'm going to closely be watching 50 and, of course, we'll watch today's high of 43 and the um the post market high of 45.50. That's all in terms of resistance in terms of support i'll, basically be watching how the stock - i don't even know if we're gon na get here but i'll basically be watching the previous all-time high of 34.42 um. So that's obviously quite a bit of range, but um with people interested in with people talking about wall street beds. I do have pretty high hopes, i'm interested in to see how this plays out um.

It's already in the news cycle, which i think is a good thing rocket companies share soar more than 70 hurting short sellers, the more and more pain we inflict on them. Obviously, we could see a bigger short squeeze which could lead to a gamma squeeze they're gon na play off of each other, and it seems like uh from a little bit. I was hearing in the chat today, uh the live stream chat and the discord chat. The ceo of rocket companies is specifically outspoken about short sellers.

I mean they even had a special dividend: dividend payout, i believe of 1.11. So whenever you hear special things like that, it sounds like he's really trying to amp up the pain on short sellers. So when the leader of the company is kind of on our side of this, getting um squeeze really um is very, very good for us, so i'm excited to see how this plays out tomorrow. Please remember: it's a high risk high reward play.

I don't know how it's going to go. It's the same with amc and gme, i'm watching all three, i'm in on all three. I want all three to absolutely go to the moon with that being said, i would love to know your thoughts, amc, gme rkt. What are your thoughts on them, which one do you think has the best chance to go to the moon? Do are you in on all three? Do you like the one the best, please, let me know in a comment below i would love for all of them.

As a squeeze, i would love for everyone watching this to make a bit of money. Um, don't forget that if you want to stay up to date with the moon gang, if you want notifications on the live streams, if you're interested in any of that stock market content, don't forget to join up with the moon gang by hitting the subscribe button going Over to that bell, icon and switching it to always, so you get notified whenever anything's happening and, of course, if you want two free stocks check out that link to weeble below once you sign up, you'll get a free stock and then, when you deposit a hundred Dollars, you'll get another free stock at a minimum, you're guaranteed a free ten dollars, and at most you can get up to one thousand eight hundred. I think fifty dollars something like that. If you do go through this process, i would love to know what two free stocks you get.

I like to keep a leaderboard of the biggest gainers just for free stocks, just something fun going on, but until tomorrow uh the live stream will be bright and early. Nine am hope to see you there and from then until now, i wish you the absolute best of luck in the markets. Thank you. You.