What's going on moon gang, this is dumb money. I'm your host matt and, in today's episode i'll be explaining why my own non-financial advice opinion that i think amc's a sleeping beast and it's about to be woken up. I mean we're going to be going over. Some of the fundamentals, the data and, of course, we'll be checking out some of the trends on the chart.

So, let's hop right into it. Amc did close out today in the red it closed out at 55.18, which was a drop of 6.54, but we did see a pretty nice rally in the second half of the day. At one point it was as low as 5180ish, but from there we had a pretty nice rally and honestly, i think this kind of momentum. Historically, when we see amc kind of close on a strong note, it does set up a pretty nice move for the next day, so fingers crossed that we see that type of action when the market opens once again tomorrow in terms of fundamentals.

This was reported by the los angeles times, amc poised to take over pacific movie theaters at the grove and americana. So right there, we kind of had this suspicion anyway. Adam aaron has made some comments about it. So right here i like it.

Fundamentally, that's one of the biggest arguments against amc. Fundamentally, they don't like what's going on, but for me one of the ways i really judge this particular trade is: how is the fundamental trajectory of amc going and right here? I, like it, it's improving its market share in the movie watching experience, so i think that's a feather in the cap of amc right now. I think, in my opinion, this is good fundamental news. The other news we have today from our friends over at ortex right here amc had a short squeeze signal.

So what does this mean? This means that, on the fancy algorithms they're running in the back end like evaluating all of the data that there's some sort of statistical edge in the near future. In about two days, the recommended holding time is about two days that they're betting on some sort of considerable gain. Once again, this is in no way guarantee they're, just saying it's statistically advantageous to bet on a decent sales movement in amc's stock. In the short term, this particular trade, i believe, has traded about 14 times.

That's like the history, the data set of how many times this signal has really been triggered in the past. The average return, if you took all of those 14 trades, the average return per trade, is over 25. I, like the sounds of that, i'm very excited to see how this particular one plays out so right there, another amazing development for amc between the fundamental update. Now we have the data just in our favor or text, saying hey things are looking pretty good.

Speaking of vortex, let's hop into this. So today there was a net return of 657 000 shares. It's not really that big. When you're considering, we started off the day at 87 million, so what this knocks us down to 86.5 million so still considerable utilization 81 and the short interest right around 13.

The thing i want to particularly bring to your attention in this video when we're talking about ortex is look at the trend from june 8th. Until now, the short interest has increased from 11 all the way up to 13, and the shares on loan has gone almost up: 10 million, 78 million, all up to 87 million right there. It blows my mind folks, like we've been over this, i just don't. I just don't see it.

I don't see the bet against this right now the shorts are getting more egregious they're. Getting bigger, it's trending up as the stock is turning up, which means more people are, i guess, let's call it like a burning room that they're they're stuck in these shorts, like they're, just absolutely trapped and for whatever reason, they're calling up their buddies and they're. Saying: hey, i'm trapped in this pretty horrible situation. Do you want to come and join me for the lulls? I guess like i guess, we're taking on dumb money.

I'm told this is easy money, but thus far, i've done nothing but hemorrhage money. How do i know that they're hemorrhaging money they've been in this trade? On average? The shares have been loaned out against amc for around 50 days, which means they got in around the 10 mark, we're trading at 55, so quick, math, they're down 450 percent and even if the more new shorts since the time we started this rally may 21st. Until now we're up 358 percent from the highest close of in amc's history. We're down.

Excuse me: what is this we're down? 11 12. You know after a 300 plus percent run. I think it's pretty acceptable to take a 12 dip and even if we hop into the nitty gritty, i think it's even better so check this out. If you were paying attention to my previous recap videos, i had this line of support at 51.80.

Guess where we bounced today, we bounced at 51.87, not too bad in my book to be off by eight cents. So we do have this region of support between 50 52 roughly and we have even more major support between 35 and 37. But what we're setting up for here is we have this clear resistance between 60 and 62.. Whatever is going on in the market structure, there's a lot of people defending this particular line and the way it's playing out.

Now we have a beautiful, a b e, a beautiful cup and handle situation. Here's the cup we have 60 down to 40 back up to 60.. So one big! U and now we're setting up for the the handle. Here's, the cup, a big! U, the handle is a smaller, u and right here, so we follow through.

We test this for time number trace and then we finally break out and we run as of now that's my current prediction. Am i in any way guaranteeing anything? No, i'm just telling you that between the fundamental improvements between amc, that's awesome, ortex is saying the data is currently in favor of amc, really making a nice bullish move and from the technicals in the charts. When you take into a like account that the shorts are getting more bold, more brazen, they're, betting, more money and the stock's not really going down man when you add that on and the cherry on top is, we have a typically very bullish, technical setup. I love what i'm seeing.

I absolutely love what i'm seeing i'm very excited about this test and break not only for what it means for the chart, but let's take a quick peek about what's going on over in the options market so right here we we talk a lot about a gamma Squeeze market makers hedging for a position. Remember so they're, going to start hedging things around at the money and as the stock trends upward they're going to start hedging these things that were initially thought to be out of the money they didn't have to hedge for it. But as we make a considerable jump upward they're going to start hedging the positions they don't have, the first thing i want to bring to your attention. 59.

60. Do i think, right now that they're hedge, for no do, i think, as we start getting closer to 58 59 60, that they're going to hedge for it, especially for the june 18 expiration 100 between 59 and 60? These two alone - that's the hedging of 5 million shares. Let's take a little peek at 65. Another 1.3 million shares a little peek at 70.

2.5 million shares you get this. I sound like a brokered record. Every single dollar we go up, they're, going to start hedging for more and more and more and don't forget, as they hedge that's just legitimate buying as they hedge. That's.

The fancy way of me seeing market makers buying that pushes the stock up a little bit more gets a little bit close to like hey the shorts, are actually feeling pain. So then they decide to buy, and then you get some fomo buying. We have three incredible forces that are in our favor. We just need that that little push through the snowball to get it falling down the mountain to cause an absolute avalanche against the people, betting against this stock short squeeze gamma squeeze fomo buying.

Those are the three horsemen of buying pressure. That's exactly what we're looking for in this scenario. So with all that being said, as you can tell, i am very very excited for amc. I'm insanely excited about my particular position in amc and i would love to get your thoughts on the stock in a comment below.

If you enjoyed this video and you want to help get it in front of other people, i'd appreciate it. If you could help me out without all that good youtube, jazz drop, a like comment subscribe if you want to be a member of the moon gang, but until i catch you next time from me and share best of luck in the markets, you.