The apes did it again: man, oh man, two of our favorite stonks, i'm talking amc and jimmy we're in the green, green, green. So, of course, i'll be covering what's going on with both of those stocks today, we'll be taking a look at the charts, we'll be taking a look at their short interest numbers. But i want to dive into some interesting stories related to gme and ryan cohen, and just to throw out a little bit of something exciting there. Gamestop was sued, so obviously we'll be getting into that story.

And then, when we get done with all the amc and gme things, i do have two interesting things. I want to call out to you when relates to the overall market and another one is a stock that is a powder keg of it, a situation and might be absolutely exploding so make sure you stick around for that with all that being said, let's hop right Into it well, here you have it aimc and jimmy, like i said in the green green green amc closed out at 2074, which was a gain of 13.6 and gme closed out at 141, which was a gain of 14.5. Now, let's kick this off with jimmy! Well, i guess just because it gained more today from a technical perspective. Yes, we have this beautiful, trendline breakout and we also got above this resistance around 130 and we close above this resistance at 140, so yeah winning.

If we can hold 140, the next level i'll be watching is 160, but now we do have to kind of watch 150. It's a key psychological level, a little bit of a key technical level, but i really care about 160. above 160. Things get even more interesting, but i do want to take a quick moment to point out something here between yesterday's high and today's low there's still a bit of a gap between 125 79 and 126 126.55.

So pay attention for that, because we know in the market. The advantage of gap fill plays, which in this scenario, would be gme training down to 125.79 is very, very high. Does that happen today, tomorrow next week, next month? No there's not really a time frame on it, but we just know that marks like to test untested areas which exactly a gap is so i just wanted to call that out and honestly, it could actually act as major support. But overall i'm excited of the close.

Above 140 and i'm really watching 150, but my main watch is 160. now in terms of the numbers i just want to get through this very very quickly as much as gme has been gaining over the past two days. It it's jaw-dropping to realize that the short interest has increased even more. The estimated short interest is now 23.3 percent, with a cost to borrow of 12.55 utilization is still cooking at 100, and the shares on loan is 20.83 million.

So that's the chart. That is, i guess, the ortex data for you, but let's get into some of the stories. So yesterday a lot of people were excited that ryan cohen bought another 100 000 shares of gme, which is quite a chunk of money. So now he went from nine million shares of ownership all the way up to 9.1 and on that that's a lot of excitement and it's kind of really what he even said on twitter he's putting his money where his mouth was, and i i kind of see Why so boom we got the beta version of the gamestop nft marketplace very, very exciting stuff.

For me, i'm very bullish on the future of esports, i'm very bullish on the future of play to earn games and all of a sudden. If gamestop is the intersection of those two, we could be talking about billions of dollars in revenue, but matt. Where do you get this number of billions of dollars? Well, according to dap radar, who does analytics on the crypto sector in 2021, nfts had a sales volume exceeding 20 23 billion dollars. Now, all of a sudden, with the very passionate base that gamestop has they're already going to have a lot of clientele on this marketplace.

I truly think the sky's the limit in terms of the new current trajectory for gamestop. I am beyond elated, so we have some exciting things there and just for those of you who might have been paying attention to loopering. Yes, loopering is part of the crypto technology that will be powering. What's going on on the nft marketplace for gamestop, the other part is immutable x, loop ring will act as the wallet and then immutable x will act as the actual marketplace, and this announcement that came out today march 23rd, look at what it did to loop ring.

Not that long ago we were trading at 73 cents trading at 69 cents and boom. We got the explosion all the way up to 123 and currently trading at 113. So a lot of excitement there once again: loopering lrc functioning as the wallet it's a layer. Two solution built on top of ethereum, so it's cheap, it's fast, but it has the security of ethereum that will be functioning as the wallet and then immutable x will actually be the marketplace.

Man. Oh man, am i excited to see how this actually goes. I think sky's, the limit sky is the limit in another piece of gme news, gamestop sued by bcg over unpaid bills for helping company at first. This sounds very bad, but by the time we get to the end, i bet there's going to be a smile on your face.

Bcg says it's owed: 30 million for work on gamestop project boston. Consulting group claims it hasn't been paid for about 30 million in fees for its work, setting up the company on a more sustainable path. In 2019, i like it's kind of acting as if, like keith gill and then wall street bets and all the apes weren't, the ones that set the company on a more sustainable path. I don't think bcg really had anything to do with it anyway.

Bcg spent tens of thousands of hours on the project and overachieved by creating more profit improvement opportunities that were initially estimated. According to the complaint filed tuesday in delaware, federal court. You know the leadership team at gamestop came back uh swinging. We do not believe it is in our stockholders best interest to pay for the tens of millions of dollars sought by pcg, especially given their seemingly meager impact on the company's bottom line.

Seemingly meager, that's em or some fight inwards. Basically, calling out bcg and saying hey, you did not do that's your update on gme, crazy, crazy stuff, i'm very excited to see what tomorrow brings now. Let's switch it up to see what's going on in the world of our favorite movie theater chain amc also had a key breakout similar to gme and held above it, and i'm talking about the area in the low 20s. Now we're watching kind of 22.

That was roughly high and that's also where we saw support from january 5th, the 11th and also the 12th back here. Just support support support now acting as resistance, so i would count as somewhat of an important one, but the one i really care about. Is this region right here, the high 23s to 24.? I'm looking at this rejection from that same time period that we just went over. I want to see how amc reacts to that, but i will take the win of a nice 13.6 percent gain and at close above these previous highs, that is a nice daily technical breakout in terms of the ortex numbers here.

Yes, the short inches once again increase. We are above 21, the utilization 100, i'm still very, very confused on the cost of borrow. I don't understand how it's higher, when the utilization has been jacked up ever since february, 8th and just so you know the shares on loan currently sitting at 133.1 milli. So in terms of the apes, favorite socks, amc and gme, they are looking mucho bueno, but now comes the bonus.

Part of this particular video take a look at impp imperial petroleum inc to be explicitly clear, i have no position on inp and i will not create a position on imp. I just wanted to bring it up to you. First of all, there's a gap filled play to the low of the march 18th right here of 225 and then there's another one up to 473.. This is a powder keg of the situation.

So, first of all, let's go over what happened today out of nowhere, it started popping and the reality, for that was this news right here: imperial petroleum announces pricing of upsize 60 million underwritten public offering so this came out on sunday march 20th. It concluded today about halfway through the day, so the fact that they finished the at the market offering they're like cool, no more dilution, and that news is what exactly caused this to start ripping into close and it's continuing to rip. So beyond that. Why do i think this is a powder keg of a situation? Well, it's because what i'm seeing here, the short inches, it's 32.6 percent, the cost of bar was 232.

The utilization is maxed out at 100. The shares on loan are 7.65 million, so it's a lower flow easier to move and then the kicker to all this is it's on the threshold list, as in it's had consecutive days of way too many fails to deliver and really, if you put all this together With the fact that it's related to the oil industry, the petroleum industry, well, if you haven't been seeing what's going on there, oil is looking absolutely crazy. Yes, it was moving all the way from 60 a barrel to 130, took a breather down to 92 ish 95-ish and now once again we're ripping, and if this holds above 115, all these smaller float companies that have a high cost to borrow. They are on the threshold list, there's so many things that are coming together, that i'm seeing in the metrics and the field that it's particularly in that, if it this is a powder keg and i believe the match that will lead to this powder keg explosion is Truly going to be oil going higher and higher if it goes higher and higher.

Yes, you could look at something like inp, indo i'll personally be looking at things like uso oxy. You could look at even classic oil companies such as exxon or chevron, those types but pay attention what's going on with oil on the futures market, ticker symbol cl, but i wanted to bring this one up to you just because i thought the numbers were very, very Interesting and last but not least, i just want to quickly touch on the overall market and how, today we had a little bit of a bearish development. So recently we had a crazy push from march 14th, all the way to march 22nd, and we got above the 200-day moving average. Unfortunately, today we couldn't hold and we ended up closing at 443.80, and just so you know the 200-day moving average is a smidgen above 446..

So in terms of the overall stock market, i will go back to being bullish in the short term. If we can recapture that and then in the short term, if we can't recapture it well i'll stay a little bit bearish and once again this is just in reference to the overall market. So i wanted to call out that key technical level to you. That's what i have for you today if you enjoyed this video, if you enjoyed this type of content, it would be awesome if you could help me out the algorithm by destroying that, like button and also, if you haven't already don't forget, to join up with the Moon gang by hitting that subscribe button.

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