Hope that you're having a good one, this video will be a very quick stock market wrap up for today, tuesday april 27th. Just so, you know, amc closed out the day at 11 46, which was a drop of 0.35, which was pretty much neutral and later in this video i'll, be explaining how there was actually some other data points and technicals that are in our favor, but other than That gme had an amazing day and closed out the day just below 178, which means it gained 5.23. At the end of this video i'll talk a little bit about mbis, because in all honesty, it did not have the day that a lot of people wanted it to it dropped 23.75 and it closed out the day just above 20 and um just from the live Stream today i saw that some people were getting pretty hurt by that. So we'll talk about that in a bit, but for now let's kick it off.

We will be diving into some fundamental stuff and then also we'll be looking at the most up-to-date short interest numbers for both amc and gme. So let's get right into it. Let's kick it off with the fundamentals just so you know of why gamestop most likely had a really good day and, like people noticed that it was spiking in the post market yesterday right here, gamestop shares jump after the reddit favorite raises 551 million in stock sales. Basically, they sold 3.5 million additional shares at the market, and it's it's viewed that they're going to be using this money to really strongly pivot into the world of e-commerce.

The company is now in the middle of a shift to e-commerce, spearheaded by the activist investor and board member ryan cohen, and on a completely different note. I've covered this a bit, but just so you know, last week gamestop announced its ceo george sherman will be stepping down by july 31st. It said that the board is leading a search to identify ceo candidates who can accelerate the next phase of the company's transformation. So most recently, gme is up because of at the market, offering of 3.5 million shares raising almost half a billion dollars.

But on top of that, i wanted to bring this to your attention because, depending on who they identify and more specifically who they announce will be the new ceo. If it's like kind of a fan favorite, i could see a really good argument that that news alone could push gme higher. So that's something that should be in the back of your mind, all right, let's hop into the short interest numbers. Let's kick it off with amc, so today not only was the stock neutral, but actually the short interest rate was also pretty much neutral like slightly up as of now.

The current short interest of the free flow is estimated to be 23.89 and, as you can see, the borrow change was pretty much nothing so i'm assuming tomorrow, the shares on loan will be around 154 million out of the free float, which is around 400 million, and The utilization, basically, the ratio of shares on loan versus the ones potentially that could like are willing to be lent is still at 100. It's the max possible value, and so the short interest heading in tomorrow. It's going to be around 24 and, let's see which way it trends tomorrow. On top of that, don't forget that starting today, uh the dates to cover based on like the two-week trading uh volume.

The average trading volume, i should say, is just below four days, which is actually a pretty sizable number for those of you who don't know what days to cover is basically it's the estimated amount of short shares and then you're dividing that by the average volume and A lot of times that's an important metric just because like if all these shorts wanted to cover based on just that volume like how many days would it take them to get out brandon. I would say that the number's slightly smaller than this because remember if any situation when there is a short squeeze, the volume that's actually higher. But overall i care way more about this trend and it's trending up up and up just like the estimated short interest and the shares on loan. So these numbers are very, very strong for amc and the fact that they couldn't remain this strong and the stock is essentially neutral or trending upward, which i'm about to show you over some of the key time frames um.

That is amazing for us uh. So i know today, amc was like pretty solid, we were above 12 and it feels a bit discouraging that it came back down and we ended around 11.50. But just remember as much as we like to joke about it. Stocks don't only go up.

This is uh. It's a battle of attrition. It's going to be a long thing like you can't expect every day to be like an amazing up 10, whatever percent per day, sometimes you're going to have down days like this and then i'll all honestly, this wasn't even really a down day. It was a neutral day, so please stay calm, avoid any fud and just know the true facts and the data points of what's going on, because right now the data as this has been as strong as it's ever been for amc.

So please, please keep that in your mind, in terms of gamestop, the short interest dropped by half a percent today. The current short interest is right now estimated to be at 26 percent. The borrowed change was down by 74 000 shares so right now, the shares on loan just below 15 million out of the free float, which is estimated to be about 45 million utilization, is 58 and the days to cover is actually going up even higher on gme. As well around 2.36 - just so you know the situation like the data behind.

What's going on the potential um, the potential of how the magnitude of this can go in a short squeeze in terms of both gme and amc, obviously uh in the live streams. We do monitor this live as it's changing throughout the day. One thing i should know about amc, though, is it: it actually had a very interesting day um, and i don't want to really dive too much into the conspiracies of like the market, manipulation and all that stuff, simply just because i don't have the data in front Of me to prove it, but if you are watching amc throughout the day it was really really really weird um, just like the the price action didn't make much sense to me and obviously like i don't have that data, so i can't prove anything right now, but Um i mean if, if you watched the live stream, if you were watching yourself, it did see a bit wonky and the one data point that maybe i could throw out there for you is so the borrow change early early this morning on amc was up. A million as in potentially there was a million new shorts and, as the day progressed, that million came down to almost zero, almost net neutral.

So for the borrow change to go that high and then to come back. That means a lot of people were returning shares. Well, to return shares. That means you have to buy back into the market.

That's how you return a short share and you give it back to the original owner. So, if you're buying you're expecting buying pressure but really any point past noon today, like it was down down down and then really around like one or two, maybe three like in kind of the later portions of the day. That's when the price action got really wonky. Um, so if you have any like thing that i could potentially verify some data like, i thought it was really weird price action and in the end, even with that even kind of going against the grain with we saw in like the short numbers, we were still Pretty much neutral on the day, so it just seems.

I guess my point here is: don't panic, because, no matter what like crazy, potentially illegal illicit things are going in the back end they're, still not beating down amc that much and, on the other hand, they're not beating down gme at all. So keep that in mind. My my point in saying this is that even with kind of really weird action, they're not being that successful and because of that reason i count it as a win, and on top of that i think, there's some important technical things. We should talk about just so.

You know here's the overall market i like to bring up what the s p 500 is doing. It's pretty much sky high, very, very close to an all-time high close out the day at 417 52. The all-time high is 418.25, but we're we're all the way up. There, the market is pretty green right now: lots of lots of momentum in terms of amc check out the daily chart here um.

So if we have this wedge situation, we broke out the fact that we had a little bit of red today. Please don't let that like cause any panic, i mean ever since april 21st. It's only been green and really it's been in a very nice uptrend ever since april 13th, when in doubt zoom out understand how far we've come and really since mid-april amc has been doing exceedingly well. In fact, over the past week, we're up 23.5 over the past three months, we're up 131 from the start of the year.

Until this very moment, we're up 440 percent, like amc across every major time frame, is doing super super. Well, don't let one little baby red day scare, you it's just it's just not worth that, like emotional turmoil, we're doing very, very good, all right! Here's the look at the four hour chart for amc, so what i wanted to bring to your attention on this uh. Besides, the important technical levels is just right here on the bottom, we have the rsi relative strength index. It has values of zero to 100 and happens to be one of the most common technical indicators.

What the rsi does is it maps out bullish against bearish momentum when it gets very high? That's a lot of bullish momentum, aka overbought and then, when it gets very low, that's considered to be a lot of bearish momentum, also known as being pretty oversold. So ever since this run-up on april 13th, we've gone from practically oversold straight up to overbought. So when you get there a lot of people and there's always counter examples, this is not by any means a perfect technical indicator, but they just use it as kind of like a reversion play so, for example, overbought. So that makes sense that it needs to cool off, come down a little bit, let the rsi cool off.

So then it can build up and have enough room for the next run, build up some momentum and go even higher. For example, the last two times we did this look at this rsi was all the way up here. It clearly exceeded 70 came back down consolidated, shot up again, look at that it was overbought came down consolidated, shot up again um. I don't know if history is going to repeat itself, but i think there could be a very good chance of it.

So we shoot up. We come down. We consolidate give the rsi a chance to like cool off breathe, make a new base and then shoot up again. It's kind of like um the stock market.

It very much ebbs and flows um periods of consolidation expansion, don't expect it to just go up up up and run away. Obviously i want that to happen. It's just not really how the stock market functions so keep that in mind look a little bit about how amc has behaved before shoots up, consolidates shoots up, consolidates shoots up right. There listen, i'm! I don't know if this will happen again, but this is what i'm looking for in amc, i'm looking forward to shoot up consolidate, so the rsi can come back to roughly around neutral and then shoot up once again.

So that comes into like the levels of support. Where it could bounce very much, there is a possibility - it's reading 11 44 right now. That could be the low. We could base right here and shoot up off of that, but i know there's also support at 11, so i'm looking very much for it to hold 11.

from there. We do have another recent high at 10 50. on the top side, whether we bounce at 11, 11 44. We could gap up.

Of course, i will be looking for it to break above today's intraday high, which was 12 22 and then from there. We have this high on march 10th, which was 12 47.. Let's just call it 12 50., after that, i think, there's a very, very good shot of amc getting into the 13 range, but that's what i'll be looking for in amc in terms of gme just so you know like for that bigger picture thing that i do With amc, it's also very important to notice um so right now, over the past week, gm is up 12 over the past month, pretty much neutral and from the start of the year. Until now, it's up 843.

Both amc and gme are doing exceedingly exceedingly well. So um - and really i don't think anyone at all is like kind of feeling um negative about gme. Today i mean at the end it gained over five percent, so we're looking pretty good. We are looking uh for gme to break above 185.

That's proven to be a lot of resistance for jimmy after 185 um. We are cooling off from this, so maybe it needs to do the same thing. Come back down, make a new base, maybe around 170 or something break above 185. Then i'm watching that region of resistance from kind of 200 to 210 and then there are some points of interest around 220., so really those low 200s really 185 to the low 200s uh we've seen gme get rejected there multiple times before.

So i'm looking forward to overtake that and then from there above 250, i think jimmy could easily go off to the races. But the point here is more so with the rsi of like hey: it got overextended look for like a cool off period. That's very very common and then base find a nice price level that can act as support, and then we could continue to trend upward from there. Those are the main things i'm looking for amc and gme gme had that nice fundamental development of the 3.5 million shares raising over half a billion dollars to help it convert into the world of e-commerce.

The fundamental numbers in terms of short interest shares on loan. All that stuff days to cover are very, very strong, and yes in our favor for amc and gme. Things are going well and i just want to get that across calm. Some emotions down, because i think things have kind of looked the strongest that they have in.

Quite a while, so i'm pretty excited what i'm seeing now on the other side, nvis i got out pretty early, i mean when i woke up this morning. I was very excited to see that i had got above 30. I mean yesterday was amazing. It gained over 40 percent today dropped 24, we're basically back at where we started yesterday.

It just gave back all of its gains um. I have no way to predict what it's going to do in the future um. I would just watch the technical levels. I would be interested in picking up more nvis uh if it gets back above 24..

That's the main level, i'm watching above 24.. I think there's a good argument for going back up to the high 20s, maybe even over 30 again but um. I, for me it's personally not a play unless it breaks above 24. I just want to see some confirmation of some bullish strength, so that's my opinion on mbis other than that crypto is looking pretty strong today, as i'm filming this bitcoin's at 55k ethereum made a new all-time high, currently trading at 2650, and then dogecoin has been hanging Out around 27 cents for a while just consolidating some price action, and i want to see some follow through on that as well other than that, i would love to get your thoughts on amc and jme below um.

Just let me know your thoughts right now, uh. I saw it in live chat that some people were getting a little upset, especially from a nice nice value of 1222 down to 11.50. But just remember this in no way means it's over. In fact, i would argue that things are looking pretty bullish and then other than that jimmy obviously had a very nice bullish day.

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