So we got ta redo that we got ta redo, that mama hello, hello, hello, what a way to kick off a new trading month, quite a bit of excitement in the overall markets, quite a bit of things going on some very, very exciting stuff. So what i want to do is kind of give you guys up to date. I have an interesting story, actually a couple interesting stories i want to go over. I do want to recap for you: what in the world is particularly going on with amc today, like i know, there's some insanity in the overall market, but i do want to go over very, very important.

Amc story, well, obviously impacting amc stock. Then i want to give you the most up-to-date numbers for amc gme. Some people have been messaging me about bbig. Just so you don't have no bbig position, but i do want to talk about its crazy high cost to borrow uh, and then we can look at the short interest on the spy, the queues the russell.

Overall. There is a scenario in which we could see a full-on market squeeze. Now, when i'm saying that i say it, i guess a little bit hesitantly because right now, whenever you say a squeeze particularly to like kind of the ape community, they think like way too high um and especially when i'm talking about the spy or the qs or Something like that um, don't think of like the same multiple that you've been really pitching honestly for amc and jimmy the the multiples that you've been pitched are most likely, not right, but that doesn't mean it doesn't have the capacity to go extraordinarily high, like i'm talking Life-Changing money, i think just some people are in a weird little rut of kind of like over promising the numbers that we could go to right now and right now, as i'm seeing it on this screen uh, the spy is ripping higher and higher and higher, and The spy has a considerable short interest, so do the qs so do the russell uh. So we might be getting into kind of like a perfect storm type scenario.

So, let's go over all that the short interest, the data points some stories and then at that point we'll be close to market close. So we can watch it all close out together if you have any charting requests. Technicals ideas like that um more than happy to do it. Let me switch this over and let's get to it so very quickly.

Here's the crypto market um on the four-hour chart pushing higher, pushing higher, pushing higher over the past 24 hours. Crypto we're seeing quite a bit of green. There is a little bit of red, but mostly green. Here's, the heat map of the s p 500, a solid amount of green, don't forget, we're still in the middle of earnings season.

Amazon will be reporting on thursday, facebook aka meta will be reporting on wednesday, and then alphabet will be reporting. I believe today, aka google. There are other ones, of course, amd's reporting, i'm just talking about kind of three juggernauts that are all very sizable on this heat map, so probably worthwhile to pay attention to i'll be paying attention to amd. There's a host of like uh ea like ea, games, activision unity, so we got some gaming reports as well um.

We also had some energy plays that reported today all worthwhile to pay attention to. I just wanted to give you a quick reminder of that now before we get into some of the stories i wanted to share, i just wanted to give you a little sneak peek right here, the spy it's ripping. We got a resistance of 451. I called this out from 451 very much looking at 455., so we're two and a half dollars there.

Two and a half dollars uh to go or excuse me one and a half dollars there. Two and a half to go uh watching 455. uh gme swinging back around. We have the q's very, very strong as well watching 369 if it can get above 365 on tesla or excuse me on amc right here in the bottom left.

We had a beautiful push from 1660 up to the mid-18s, but i want to talk about. This is first of all, don't get bogged down in like one intraday move the movement today, the fact that amc is still up 4.5, don't get yourself bummed out by the fact that we've come down from here. It is still up a noteworthy amount up. Four point: five percent jimmy's up 2.8 percent - prague - is up 8.4.

These are very positive, noteworthy gains and we're getting to the point where, like i said, i'm still a little bit concerned about this gap filled to 1625.. I was calling it out this morning before the market opened of how i said hey. I would actually prefer it right out of the gate we gap-filled it and then bounced from there. Obviously, that did not happen.

We came down to like 1660, so we were off by about, i don't know roughly 35 cents, something like that um, we just know with a gap bill from yesterday's high to today's open. We gapped up the lowest value of the day did not include the high of the previous day. That's a gap up when it comes to the markets, especially when you're talking about equities. There is a noteworthy it's like.

There are many stats on this. An easy google search will find this, for you of just the chance of a gap, fell extraordinarily high, especially if you're talking about technically like unlimited time frame uh. The stats do get more interested in when you're talking about shorter time frames. What's the chance of a gap fell in one day in two days in three days: there's all those stats out there, you can find them just give it a search.

But yes, overall, given enough time with amc, there's an extraordinarily high chance. This gap gets filled and i would prefer just for the cohesiveness of the chart uh the sooner rather than later. I, like i said i would have preferred it happened in minute, one. We bounced off of that and just ripped rip ripped all day, but it looks like it might be like dragging this out honestly at this point.

I'd prefer just do it now, get it over with right before market closes, let's gab fill it bounce off of 1625 and then, let's rip from there, let's clean up the chart um i do want to quickly bring up iwm, just to kind of show you that The overall strength, the spy, the cues, the russell, seeing quite a bit of strength and actually into close russell, looks like it's about to break and then the spy and the q's have already broken out and they are ripping higher and higher and higher um. Now that we've been talking about amc, i guess before we get into the short interest in that stuff. I do want to remind you of like what's going on today now i i i'm fully aware this daily chart the intraday chart. It was looking good and then it got beat up, but once again, don't forget we're up five percent.

Why did all this happen? Well, they gave us a little bit of um a little bit of an inkling about. What's gon na go down in the next earnings announcement? The next earnings report, which don't forget is in early march about a month away a little bit more than a month away. So they gave us some numbers of what happened in the most recent quarter. That ended on december 31st.

Well, first of all, very nice. The revenue for the most recent quarter estimated to be around 1.17 billion compared to the same quarter of 2020. So, comparing the same quarter from two different years, uh, obviously almost what's that, like an 8x increase, a very impressive increase from 162. um, they gave us some other metrics right here about the net loss.

But here's what's going on, there were so many people out there in the world talking about how amc is just not gon na go positive ever they're like it's just done movie theaters are done um. Well, look at this adjusted ebitda to be between 147 and 152 million for the three months ending in december 31st, compared to a loss of 327 million for the same quarter of the previous year. So right there. The lower end of the estimate is a positive.

If you don't know about ebitda, very classic, like i guess, metric you're going to use for fundamental analysis, give that another quick search. It's a good thing to know about, but we went positive now. Is this really that surprising? Well, no, not really! In the last earnings announcement, adam aaron himself said hey if we hit this box, like this box office value in the realm of 2 billion, and we know that literally spider-man no way home itself brought in 1.7 billion and there was obviously other popular movies in there. There was a good chance, they went positive and the fact that spider-man itself no way home brought in that money.

It's no surprise that not only are we just barely break even turning this around but pretty solid profit right there in terms of ebitda of what's going on uh the liquidity still sitting at 1.8 million or excuse me billion with a b 1.8 billion um. That's the same number from the previous time, so not too much movement there. The other thing that we know about recently in terms of like kind of fundamental analysis of like what is or isn't going on, is the fact that they are refinancing their debt. Very very important, um they're, just getting better terms at lower interest rates, they're kicking the can down the road and they're paying less money.

That's what you do! That's smart so, overall putting this together this announcement of a lot of people saying it's no way. Could it go ebitda positive? It did go e, but uh positive and that's part of the reason why we are up almost five percent, as we are talking right now now, since we're talking about it, let's get into it. The short interest is not the highest short interest it's ever been, but it is actually uh kind of right there. The highest estimate ever was 21.15 and right now we're coming in at 20.75.

Today they borrowed at least 1.13 million. Remember ortex covers 85 of transactional volume. That doesn't mean it gets a look at 100 of the picture. Throughout the day it gets a look at 85, which means 15 of it is missing.

We know a portion of that 15 is the same data, that's covered by fintel covered by our borrow desk, and what i'm talking about is the data from interactive brokers. That particular brokerage is not covered by ortex just by process of like deduction there uh. But we know it is covered by stonko tractor. I borrow desk fintel.

All those are sourcing it in fact those the latter group right. There they're only sourcing their data from interactive brokers. So when you put those together with vortex, ortex is by far the most accurate. The most powerful, but when you include those in it, becomes even more accurate and more powerful looking at all of that data.

So if you look at it on whatever ipower desk or whatever you're going to see that the borrows are actually more than 1.13 and those numbers, you could add directly on to this, because we know it's not within this particular data set. This short interest very, very close to uh the highest estimate costs to borrow not that high right now, 1.61 percent you're, not gon na, really see that up and go up like noteworthy uh. Like i'm talking like these huge percentages, which i'm about to show you on bbig until you get to like that, 96, 97, 98, honestly, probably 98.99, that's when you see the crazy cost to borrow 50. 100.

200. 250.. That type of thing you want the utilization to get maxed out if you've never heard of utilization before it's the amount of shares on loan, which is a necessary process to take a legal, legitimate short. It's that number, the 117 million divided by the total loanable shares i.e how many people currently own the stock and are willing to loan it out to someone who might potentially go short.

It's x, divided by y shares on loan divided by total loanable shares utilization has nothing to do with. Can you still buy shares you buy shares from people who are willing to sell shares. Utilization has nothing to do with like are there shares still to be bought? If you buy shares someone's selling you shares, if you sell shares someone's buying them off of you all shares have ownership, that's just an axiom of how markets work. Um costs.

To borrow like we said when utilization gets jacked up this one gets shacked up uh. Naturally, when you see shares on loan gun, you see utilization go up and you see costs of borrow go up. So that's a little bit of like a relation there and obviously, when you see shares on loan go up, you see short interest. Go up, so it's very common to see them all rise together and all kind of fall together and i'm talking about short interest.

Cost of borrowed utilization and the shares on loan all of those metrics if they go up there are mathematical slights of hand where you can see share, like short interest, go up, but utilization go down that is like there are certain like little mathematical tricks that happen Here and there, but in a general sense, what i'm talking about is they kind of rise together they kind of fall together. So that's what i have for you on amc, uh very quickly before we just end it here on amc. I just want you to know. Um, obviously we have that gap fill at 16 25.

We have resistance at or now support at 1660.. Earlier today i was calling out resistance at the low 18s. I was obviously off on that it hit 1870, so it got to the high 18s, but we knew there was some resistance there and um with this. The fact that it's like getting an absurd amount of volume.

Today, 119 million shares have been traded and we still have 15 minutes to go with the average 10-day volume being 61.. Obviously, there's a lot of excitement, obviously there's a lot of enthusiasm, so i just have my fingers crossed that this will continue into tomorrow. So now, let's talk a little bit about gme jimmy's. Currently up three percent um found a higher low it's above 105..

It was really last week struggling at that 105 level. We'd love to see jimmy get above 113 and push that 116 level, and then we have some resistance in like the 120 somewhere very quickly for the numbers. Short interest kind of high 18 percent cost above 3 utilization 86 shares on loan 16 million. You might be asking yourself: how are the shares on loan on gamestop so much lower than amc, and then the short interest on amc is actually higher right now.

Well, remember, not all stocks have the same amount of shares that can be purchased. Um gme is in the realm of 75 million in outstanding shares, shares that exist in the world and then or i should say, legal, legitimate shares that exist in the world and then amc's around 513 million. So not every stock on this planet has the same amount of shares out there. So that's why, when you're, you can't compare the price of two different stocks unless like, if you're trying to do it, but that's why you a more apt comparison would be market cap because you have to take the total outstanding shares multiplied by the price.

That's how you get market cap and that's a little bit more comparable like what's a bigger company, what's a smaller company to simply compare price, that's silly right now, because, for example, gme is trading at 112 and i don't know like apple it's trading at 174., apple's, Not slightly more valuable than gme apple is a borderline. Three trillion dollar company 2.85 trillion, while gme right now is currently has a value of 8.5 billion. So right there that, like the price that that's just a good thing, look at market cap when you're trying to compare companies um - and that also explains the discrepancy in a roughly similar short interest, but a very different amount of shares on loan. So i wanted to give you those numbers, and then people were asking me about bbig.

Here's a really interesting example. You see how the utilization is maxed out right here. 100. Excuse me: look at the cost to borrow 365.

That's crazy! Someone today paid 550. That was the max cost to borrow paid today. That's insane what is cost to borrow well remember when you take shares on loan you're, paying the person who's loaning it to you, and this is what you pay. You pay the cost to borrow fee the cost.

To borrow fee is a percentage of what you're borrowing surprise, surprise, but also just so. You know this is an annual rate, so if nothing else were to change and you were to rent them out for a full trading year - that's how much you would pay on the position. So if you want to know what they pay per day, you would take this number multiplied by how much they're loaning and then divide that by how many trading days there are and that's what their one day fee would be so just wanted to show you an Example of a jacked up utilization that has and like how it relates to a sky-high cost to borrow, let's check out the chart, really quick um. I was calling out 350 on bbig.

It hit 360., so unfortunately didn't get that breakout yet, but if it pushes above 350, i mean that's a very high cost tomorrow there. The short interest is considerable um it it can very much move. I am in no way saying that, like this thing could get legs behind it, um just to be completely transparent. We've talked about amc and jimmy.

I have stock in both of those you could check it out on public, but on bbig i have no position. I'm just more covering it because enough people have asked me about it now with some of these individual equities. Out of the way i do want to get into kind of a an interesting scenario with the overall market right now, but before we do that, i did want to share this little ditty right here, just because we were talking about it earlier today. A record number of americans quit their jobs in 2021.

In december alone, 4.3 million americans quit their job. That's crazy, 4.5 million in november, like this thing, is nuts uh historic years for u.s jobs like look at where we're at almost 11, like there have been multiple months this past year, like in 2021, where four million people have resigned, they're, calling it the great resignation, The big quit whatever you want, but i think it's it's kind of various things coming together at first of all, i think many people, especially in u.s work culture, are being worked to the bone and underappreciated and for some reason, they're like all right, i'm done with That, i think, there's another psychological thing going on where there's many people who have been kind of paying attention to like i. I guess like how the world is changing and especially so many people working at home because of the pandemic and all that good jazz, that it's been for so long and they're, seeing other people quit and that type of thing - and i think, there's something psychologically going On where people just want a change, i think people are looking to like put an end to this particular chapter and start a new chapter, and one way to do that is to quit your job find a new job, quit a job not find a new job, But anyway, there is like uh, i think, a symbolic thing going on we're like okay, if i quit my job, that is like a way to like end a particular chapter, so just wanted to tie that back to you. I know we covered it this morning, but some crazy stuff going on there and a side effect of this is since the job market is getting so tight.

Some of the job benefits that people are now being offered. I mean i've never heard of this before, but we were covering it on a story this morning, uh like they're offering to like for fertility stuff companies are saying like to these women they're like hey, you want us to freeze your eggs, we'll totally freeze your eggs, Like that's nuts um that i assume that's very costly but you're, seeing that there's as an employee there's like an advantage, the supply demand is very much in your favor. I wanted to cover this quickly, just because i didn't get to it on the crypto stream. Metaverse real estate sales to top 500 million half a billion and are projected to double this year, um.

If you want to know more about metaverse and that stuff, that's a common thing. We talk about right here on crypto cores. If you are watching on rumble, if you are watching on twitch, don't worry about this at all. But if you are watching on youtube and you want to just learn more about crypto or if you're interested in crypto metaverse nfts, we talk about that stuff.

Every single day at 2 p.m. Today we talked about solana because it is absolutely crushing it now with all of that. Out of the way i do want to take a quick peek here. Look at the markets going higher and higher gme is picking up amc's being a little bit muted, thus far into close.

But what i want to talk about is this interesting scenario. The s p 500, commonly considered to be a barometer for the overall stock market. Has a short interest just below 25, the nasdaq 100, the qs 100 companies that have very well known many of them are within the s. P 500 about 50 of them are like tech goliath, have a short interest, just below 25 percent.

Actually, the spine, the queues are very, very similar and then the russell small cap. This is where amc lives is 40. If you're curious, gme used to be in the russell and then in the may, rebalancing it got upgraded to the s. P.

400 mid cap index. Uh, just for those who want to look that up, i believe that one's tracked by mdy or myd is like the ticker for it, but anyway uh not too many people mess around with that one anywho 40 short interest on small caps: 25 short interest on tech Stocks 25 interes short interest on the overall market. This is telling me that if those bets are wrong - and this starts to really move - and they are too stubborn to get out - we might see an overall market squeeze like this stuff does not happen commonly bbig we're. Seeing 33 gme we're seeing 18 and then amc we're seeing 21 and those are just three equities.

We pulled up right now, i'm sure we can look into it and find many other equities that are being squeezed to an extraordinary level. So we have individual equities and we have market indices being tracked by these etfs that all have mega high short interest mega high short interest. If those bears got it wrong and they start to feel the pressure - and they need to cut this - for a loss to cut for a loss for a short to cut for them to like get out of the position, they have to buy back. That's how short covers that's, how a short closes a short, buys back they're all synonymous, they all mean the same thing, a short covering a short closing, a short buying back all means the same thing.

It means a short is getting out of their position and mechanically. What that does is to create the position they were representing selling aggression they sold whatever it was equity or an etf to create the position and then to close it you have to represent buying aggression. You have to buy it back, you open the position by selling you close the position by opening or you close the position by buying you open it by shorting. You close it by buying it's the exact opposite of going long when you like a stock, and you want to go long, you open the position by buying you close the position by sound, it's the perfect inverse of that.

So with all this, if all these market bearers and equity bears got this wrong and things continue to track higher they're gon na have to close like they're, they don't have an infinite amount of risk. That's especially the big players, all these like hedge funds and banks, like they all, have risk departments, and if something gets out of whack, they either are forced to heads they're forced to close, but regardless. If it goes up and some like bears, if some shorts get spooked and they cover it, causes it to go up a little bit more and then, if more of them get spooked and scared, it goes up a little bit more and then from there. You can see how it quickly like snowballs to the upside, and it really is just snowballing against the p l in the shorts um.

So at this point, are we at the point of no return in terms of the spy, the queues in iwm? Ah, not really. I mean there's still particular levels of resistance, i'm watching it's not like we've broken out to an all new market high or anything like that, at least not quite yet not to kick off the month of february, but you never know from a seasonal perspective. Typically, when you start february, it's a little bit rocky, it's a little bit bullish, it's a little bit bearish. It does a good job of going nowhere, but by the time you get to mid february, there is a very evident and strong bullish, seasonal pattern.

So when you put a bullish, seasonal pattern in there with really no fed announcements, this particular month, you have like the makings of all these shorts. We might be brewing with a perfect storm and with that hey, i'm excited because it leads to volatility. It leads to excitement so like i'm 100 game, um, i'm just kind of sitting back and seeing how this all is or isn't gon na play out, but i just wanted to bring that to your attention hang on. Let me see if there's there was one piece of news i wanted to quickly cover.

I can't seem to find it that's what i have for you. I guess today i thought there was one little piece of news. If i find it, i will happily uh make sure to go over it tomorrow with all of you um with all that being said, i want to turn this back over. Let me know if there's any questions, questions questions, questions, let them fire as we're closing out.

If you want to look at some charts or if you have questions about short interest or if you're confused by terminology or any of that, but we're going to see the market close on, hopefully a pretty positive note right here. What's going on with tesla, are you still holding? Yes, i still have my tesla calls uh, not feeling the best about it. I needed tesla at like 9, 60 or 9.70 today um, but i still have it we'll see how it all goes, i'm still in it. Um, if i change any of those i posted on like the locals community page just so you guys can track it.

Maybe they already reacting to the earnings uh. You must be talking about amd reporting, um people, whether there was leaked information or, if they're, just trying to make a bet, because previously we've seen all these tech plays beat um like apple b tesla beat microsoft b. People might just be like kind of looking and be like hey all these well-known tech plays are beating and we know there is a high demand and a supply shortage of semiconductors people might just be bullish going into earnings. I think that's reasonable.

Why is tesla so weak? I mean tesla's, not weak, it's break even uh. I do wish it was higher. It's like weak relative to the q's, which are up almost like one percent, but don't forget. Yesterday it had a crazy day.

It ran like 80 dollars. It ran like 11 or something yesterday matt. I made money today on my first option: trade spy call just wanted to say thank you. I've learned so much watching your stream from the last year.

Aaron, that's awesome, shout out. That's so cool dwack people are getting excited about dwack. Today, uh we have uh. There is a february date associated with the beta release.

So i think people are uh getting pretty excited about that. I think dwack actually, in the short term, good shot. It goes to 90. That's the next like level of resistance that i've been seeing there if you haven't already just because it seems to be a growing pain within this community.

The fact that well-known people that have a clear voice are still training on the likes of weeble. I'm telling you weeble is payment for order flow. If you're just involved in stock public is great for you, it's pinned to the top of chat public.com course. It's free to sign up no payment for order flow, no market makers, you get up to 70 of free stock.

When you sign up - and on top of it, you get to see the stocks that i'm in um, it's kind of more of like a social media based brokerage and you get to see what i'm in and you know, you're, not trading on payment for order flow. Uh, i just want you to know it is for stock. It's not for options if you're an options. Trader public will not be your like best decision, because they don't offer options trading.

I trade options on td ameritrade. I trade stock on public, but most recently, honestly this entire year, my stock quote unquote trading has been stock hoteling. My crypto is on ftx and my futures is on tradestation. Oh, that's a good point: tmac public and turn off share lending, yes, um, so you can turn off your share lending so make sure you do that and that's the same thing honestly, whatever brokerage you're with almost every brokerage i know of their if they have share Lending the default is to say yes like lend your shares out.

So that's a good piece of advice, honestly right there. If you don't want your shares lent out at all, no matter what your brokerage is like double check that yours is turned off, uh does public. Allow pre and after market trading hours no - and i would strongly argue that you shouldn't when pre and post market trading, you are not protected by nbbo, the national best been in offer, but from 9 30 to 4. You are uh, it's been multiple years since i've ever traded in pre or post market uh.

It's just your if you think normal market hours has like some shenanigans and some like sus action and like you wish there were more like i guess, oversight you're like there's. Even less oversight in pre and post market trading, it's low volume you're not protected by the mbbo, there's a host of reasons. Why, probably not for you all right? What else do we have? What else do we have trudeau sucks, bye, dwack, that's funny all right! All right, diggity, ding, ding, ding, the casino, is closed. Folks, that's it! That's all.

She wrote for the very first training day of the second month of the year. If you believe in the gregorian calendar, the spy was up 0.68 percent, the queues were at 0.68 and the russell 2000 was up. 0.9 0.98 amc came in at a whopping. Five percent gme was in at 3.3 percent prague up 10.5 percent um tesla break.

Even let's pull up amd amd, thus far up 14 and up a little bit more in post-market trading uh. So some exciting things remember: there are some important earnings announcements that you might want to pay attention to definitely could be some volatility in the post, normal hours, action, uh, here's, the dealio - i will be normal day tomorrow: 9 a.m, bright and early with all the farmers And fishermen, you better, be there we'll be talking about everything you need to know to get ready for that bell: going ding ding ding at 9, 30., then at 2 p.m. We'll talk about crypto and then, once again in the afternoon we will be doing uh like a market daily news type of wrap-up thing so tomorrow, wednesday february 2nd a normal day for me just so you know the schedule of what is and isn't going on. Overall, i truly appreciate your support.

Thank you. Thank you. Thank you really seriously from the bottom of my heart. You guys make this awesome.

I absolutely love the moon gang. You folks are all beautiful, beautiful apes, so normal schedule tomorrow. Thank you. That's the main thing i want to say whether it happens to be your morning evening afternoon night doesn't matter.

I hope you have an absolutely phenomenal one uh. I hope you're able to spend some time with friends and family and i'll catch. You nine a.m. Bright and early manyana, and as always from chair myself, best of luck in the markets, you.