What's going on moon gang, it's another awesome day to be an ape in this video i'll, be talking about what is going on with amc i'll, be going over citadel buying shares of the company i'll be going over a new sec rule i'll, be giving you an Ortex update and also i'll be doing a very quick technical breakdown at the end, so we know what levels of support and resistance to pay attention to for the remainder of the week. If you're curious about, what's going on with gamestop pay attention to my posting later i'll, be doing another standalone video for gamestop, specifically alright, let's hop into it so amc closed out the day at 1403, which means it gained 0.57 percent, and it also means that amc Is on a very, very, very awesome: eight day win streak. Oops sorry didn't mean to have that up there. Let's talk about what's going on with citadel, so right here i saw this last night earlier this morning.

A lot of people talking about citadel buying shares of amc and they kept referencing 13f like the most recent filing. Let me talk about this. If you want to find the information yourself, you come to fintel, you search amc and go to the institutional ownership and then right here, if you scroll down a little bit you're going to find this line citadel owning 725 000 shares of amc. So i'm here to tell you that that does not in any way mean that citadel bought 725 000 shares of amc.

As of may 17th, could they have? Of course, that is a possibility, but this filing this 13f filing does not suggest that here's what you need to know two key takeaways. First, the effective date was march 31st. This means that, even though the filing date we got the information yesterday on may 17th, the data was valid and accurate. As of march 31st.

Clearly, there's been a lot of trading days from then until up till the 17th, so many things could have changed and the other thing i want to point out to you is the way fintel works. So, as you can see, we have some white. We have some red, we have some green. That means green means that, whatever, whatever person we're referring to whatever hedge fund, that means they increase their position relative to the previous fiscal quarter.

Red means that they decreased. It and white means that there's been no change. So add a bare minimum and you could look into the data even more, but at a bare minimum. That means that citadel has owned 725 000 shares of amc for at least two quarters.

So i just want to get that across. We have the red we have. The green we have the weight and also just know the difference between the filing date, as in the date that we get the information and the effective date overall could have citadel bought 725 000 shares of amc. Yes, that is possible, but this filing does that's not suggestive of it.

It is possible, but that's, not the takeaway from this piece of information all right. So that's what's going on with citadel and amc. The next thing i want to talk about is this rule sricc2021007. So if you want to know what this is about, i could post a link to this below, but it really i like this summary right here.

A lot of people on livestream were pointing this out to me. Thank you. Thank you so much so. Here's what the rule does it ensures that, even in stress marking conditions, it will continue to collect sufficient collateral from its clearing participants and that such collateral could be liquidated in a timely manner to meet its financial obligation as a central counterparty so right there.

Basically, with this rule, it's another rule that we're seeing the sec accept of if everything hits the fan. There's gon na keep they're gon na be enough money to keep the system rolling forward right here. The reason i'm bringing this up is there's a lot of suggestions that this will go live tomorrow may 19th and basically it's just increasing the collateral requirements from some of these major participants, which means that that could relate to marginal requirements. Um to me uh the little bit i know about this rule.

It does seem like a pretty useful smart rule. It's one of those things. Uh you've probably heard this before, but a lot of these rules getting passed right now. I'm surprised they weren't already a rule to me.

This makes sense that it should be running this way, but overall, very very good news for us. It seems like a pretty good rule that the sec should in state. So that's what's going on with that, and i honestly i just need to show you this just because i think it's funny marketwatch motley fool. It must be so painful for them to have to write like once in a while positive articles to be fair.

Marketwatch did post this positive article and like right before it had a negative article, so it's kind of whatever, but this one i think it's a worthwhile read a new short squeeze in gamestop and amc. One social media sentiment. Tracker says one is brewing for either today or very soon, pretty cool uh. The company is right here, hype equity.

This is a good read i'll post it below. If you want to check it out, but i just think it's more funny that like market watch motley fool, they love being against amc and jamie and now like it's just because they are moving up they're almost jumping onto that bandwagon. I think it is uh. Definitely pretty funny, so let's talk about some of the numbers right here here is the rundown for amc.

So, at the end of the day the estimated short interest is 17.59. The borrow change was a net return of 8.66 million shares which puts the shares on loan. Let's call it around like 133 to 135 million utilization is 21. That's how we started off today.

We also started off today at a cost to borrow of 15.24 and the days to cover, based on the average volume over the past two weeks at one day. So the thing i really want to dive into here is: i got a lot of questions about. Why did the utility drop from 99.6 all the way down to 21.4? First, let's define what the utilization rate is. Utilization is the amount of shares on loan divided by total lendable share so x, divided by y.

Yesterday, to today we saw a that top number x go down and the y number go up, so we took a smaller number divided by a bigger number, so it makes sense that the utilization dropped. This on a higher level view could be interpreted as the fact a lot less people, because of the current environment are trying to short amc. Amc short is becoming a less and less desirable play. Hence we're seeing that play out in the fact that the utilization is dropping and really this entire trend of utilization going down short interest going down days to cover going down shares on loan.

All that going down. It makes sense. That's the trend that we would see as shorts are getting out of the position, this trend of all this data. It makes sense, people don't want a short amc.

They see the dangers associated with it, so they don't want to be a part of that play anymore. Um, it's very much the trend that we expected to see in the current market environment um. Today i was surprised about the amount of shares returned 22 million because remember because of the t2 settlement system, we have going in the u.s. Many of these shares, not all, but a considerable percentage were shorts that actually covered on friday.

Remember we're delayed by two days exclusively when it comes to this number returned shares, but even with that being said, whatever was going on with amc, 13.5 million decided they still wanted to bet against us. So, at the end of the day, there's still quite a few hedge funds and market participants that really think that amc is going down. So, for me, the magnitude of these numbers is still where it needs to be for a considerable squeeze higher, because just so many people are gon na get caught, especially if there are some key technical breakouts which brings me to the next thing uh just so, you Know this is the overall market. Today it kind of bounced off the 50-day moving average.

Then we broke back down below this tomorrow. I would recommend paying close attention to 410. If we break below that, i will then once again be watching 404. Let's talk about amc.

Here's a look at the daily chart. Yes, we've had this beautiful breakout out of this wedge, then we broke out of the most recent relative high on april 27th and now we're knocking on the door of this high at 14. 54 from march 18th. Yes, today we did actually trade above it.

Today's high was 14.67. I in no way consider this to be a breakout for a breakout to be confirmed. Not only do you want to get above it, you want to have a serious amount of volume, traded above the breakout level, and it would also be nice if the daily close was also above that so yeah we traded some shares just not many above 1454. So we tried to break out, but thus far it just hasn't happened yet, but who knows this could easily get broken out of tomorrow if we break out above that, especially on serious volume, my next test would be this high at 16.

Then from there i would watch this high at 16.50 and past that i would watch 17.25 and for all of those of you who would be interested pass that, of course, i will then be looking for a test of this relative high at 20 36. So that is my plan moving forward. I personally like to play it from level to level. I don't like to call out dates.

I don't like to call out price targets. I move from level to level. First, breakout is of this level at 1454, which would then be followed by a test of 16. If, for whatever reason we are rejected today, we saw very very nice support being formed at 13.50.

If we break 13.50, i will then be watching 13 just because it's a key psychological level, but really i would be paying attention to 12 22.. So that's the support and resistance i'll personally be paying attention to with amc with all. That being said, i would love to get your thoughts on amc in a comment below. If you want to know about this training platform, this is weibull.

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