What a day, what a day, what a day in the old stock market amc particularly had a phenomenal day, so, of course i'll be talking about it in this video. I want to give you some updates about some of the recent developments with amc and then make sure you stick around until the end, because you're literally never going to believe who called out old. Sorry, charlie aka, charlie gasparino you'll never believe who called him out and what he said it was pretty brutal, so we'll be getting into that, but first very quickly. I need to touch on the overall market and i also want to give you an update on old, robin hood, the brokerage that no one should really like anymore, but an interesting business development there.

So before we get into all that this market wrap up. If you enjoy this type of stuff, don't forget to join up with the moon gang by hitting the subscribe button and hey help me out the algorithm by dropping that like button, if you enjoy what's going on and now with all that out of the way, let's Get right to it. The bell just went ding ding, ding, ding dong for today monday june 27th, which means we're in the final training week of not only the month but also of the quarter. So, let's just quickly dive into what happened with the overall market.

I know the s p 500: it felt a little bit more bearish than it was. It was down point four percent: the queues were down point seven and the small cap sector was up 0.46. We're going to be talking about the russell and the small cap and amc. There was an announcement with that, but before we get there just very quickly with the overall market, we've had five green days, one two, three four five.

So today, yes, we had the gap. Fill on friday, and today it came down a little bit. I just want to remind everyone of like hey: not every day is going to be green, hey i'm right there with you. I wish it were, but this really didn't change anything honestly.

It was just kind of a premium burn type of a day and for me personally, i'm still playing this gap fill opportunity up to 401 50ish. Now, obviously there are two downside gap fills and i strongly believe given enough time all these gaps will be filled, but that doesn't have to happen. I just think the odds are very much favoring that play and i'm particularly playing the scenario in getting the top gap. Fill the upside gapfill completed first and then, after that, getting these two gap fills following the upside gap fill at least that's what my s, p.

500 call options are currently betting on so the overall market i get it was a red day, but i just want to kind of zoom out a little bit and show that like not really much change today. Another equity got that got a piece of news today was robin hood ooh, the brokers that no one likes him for good reason. If you just saw the congressional report of what happened in what they refer to, as like the meme event back in january 28th of 2021, it kind of shows how scummy robin hood was the text exchanges, the email exchanges. It was all messed up.

They knew they were doing something they shouldn't have done and i do have a whole video that's going to cover this, so i implore you to check it out, but basically the tl, dr version is: the government has agreed yep something mess up happened but they're not Going to really do anything about it well, anyway, as you could see today robin hood out of nowhere kind of popped, it went from 850 all the way up to 973. This is the news on that bakeman fried ftx said to be seeking path for robin hood. Deal so basically ftx, which is known for crypto, but recently they've tried to roll out a beta version of equity trading down payment for order flow looks like they might be, trying to completely consume robinhood. This was a little bit obvious recently.

We've gotten reports that sam the founder and ceo of ftx has a 7.6 stake in robin hood, so it seemed like he was kind of pulling off a musk and the question was: was it going to be hostile or not? That was basically the question, but right now the deal is not written in stone, but it looks like maybe they're getting a bit closer, so i just want to explain why robin hood popped there. Now, let's talk about the bell of the ball: i'm talking about amc, which had a beautiful gain of 13.3 percent. Basically, amc from a technical perspective from a charting perspective was knocking on this resistance and then eventually it ran into this trend line. We broke out.

It failed, we retested the trend line and now with that, we retested the resistance round. 12. 75. 13.

We got a breakout and we ripped to the exact next level of resistance, which is around 1450, which is that same level. We saw in may before the huge rip in june of 2021. I'm not necessarily saying that has to happen again. It would be awesome if it did i'm just pointing out it's the exact same resistance level.

Now we were rejected here today. So what i'm looking for is a test for that either tomorrow, the next day, whenever looking for another re-test and if we cleared i'm then looking for how amc reacts in the region of resistance between, let's call it 1620 and 1720 roughly this one dollar region, remember, I really think having price targets is a bit silly. I think the best thing to do is ride the trend and play it from level to level to level. I wholeheartedly believe this idea of price targets and expectations for like it has to get to this value, are silly and will probably lead a lot of people to not trading as optimally as they could by just riding out the trend.

But right now, amc had a great day and i'm excited to see what tomorrow brings and i'm looking for that break in that hold above 1450 and then i hope it sets up a test somewhere. Let's just call it in the mid-16s. For now, the other big piece of news from over the weekend with amc was that it was promoted into the russell 1000. Let me explain what this means previously.

Amc was in the russell 2000., the top 3 000 stocks, which are most stocks that we talk about, is the russell 3000. The top 1000 based on market cap roughly, is the russell 1000 and then below that you have more small cap stocks as in lower market value of the russell 2000. So the 2000, the 1000 - that's the russell 3 000. within the russell 1000.

You do have other breakdowns, you have the tao 30, you have the nasa 100, you have the s p 400. Outside of that, but still in the russell 1000 is the s p 400 mid cap, which actually where gme is previously gme, was in the russell 2000, and there are other things they take into a consideration. But for the point of this discussion, it's basically just your market cap. It was high enough that it got elevated up into the s p 400 mid cap.

So in this case, that's not where amc went. Amc went from the russell 2000 into the russo 1000, mainly because of its elevated market cap. This is just kind of showing that it's more valuable company functionally. The only thing that's really going to happen is people who have portfolios that are tracking the russell 2000 will end up selling their amc and people who have portfolios that track.

Russell 1000 will end up buying amc. So i got enough dms about this, that i just wanted to address what this means and all these different indices, so we're all a little bit more comfortable. But overall that's the exciting news and basically amc is just worth more and then we saw that it had an amazing day in the market as we're getting into the final week of the month and also of the quarter. But now, let's get to just this insanity of who called out old, sorry, charlie gasparino.

This is just it's just nuts, i'm talking about steve bannon. Now i know some of you watching will like them. I know some of you watching will absolutely hate them, but let me just kind of articulate this. Do you know what kind of path you have to be going down for steve bannon to call you out in, like a pretty embarrassing manner, give this a listen? It's just wild.

I got it real quickly, though charlie gasparino, i talked about the support of the apes. These are these. Are these uh amazing amazing young people that are in these stocks, like amc and gme, are trying to crush these out of control hedge funds? Out of control, hedge funds that are that are shortened stocks and destroying companies they're there and they're not backing off and charlie gasparine. As you remember, uh peter navarro he's a grease spot for the wall street oligarchs.

This guy is a total great, hey, gasps gas, marina. I got news for you buddy you calling my people and throwing me a lawsuit, dude bring it bring it you. You got nothing okay and i'm sorry! Oh i'm getting intimidated. You're gon na get a lot more intimidated, you're gon na back off the apes.

Okay, those people are amazing and they got no give up and no back down and they're going for the heart of this corrupt system and you've been part of that system. All your tips, you get from wall street, all the insider trading tips you give you're going to we're not going to back up one inch you're, nothing, but a wall street grease spot okay, peter navarro. Your thoughts on charlie gasp, i'm looking at charlie's tweets right. Uh.

128. 21 right: okay, uh. Whatever happened to the dumbest economist ever aka, peter navarro, okay, so charlie uh, you want to take a shot at me. Here's a shot at you you're, nothing but a friggin water boy, a water boy for the globalist establishment wall, street elite party davos.

You drink champagne at lunch, not beer, screw you, charlie gasparino, because you you what you do? Here's your grift! Here's, your griff charlie! It's like whenever, whenever wall street wants a spin out on cable news, they call up charles gasparino. They got you on. That's how dumb dumb. I am charlie.

Okay, i'm dumb enough to see that you are nothing but a grifter on tv. You you have done nothing but lose money for people with your so-called financial advice and messenger boy, water boy, whatever you want to call it you want to. You want to sue me. Okay, it's like there's your tweet, charlie, okay, back at you, brother yeah there.

It is guess: gas marino is a running dog, he's a running dog for the system and what the apes are sitting there going. Guess what we're not there just to break a hedge fund, we're there to get to the heart of this corrupt system and we're going to break that and god bless them. I keep saying they're at the forefront of this populist revolt throughout the world and remember politically, they don't believe everything we believe, but this is a populist revolt and it's got guys on the left and guys on the right, men and women. The left and right.

I got ta tell you: the apes are to be admired. Okay and charlie gasparino as a running dog for the wall, street oligarchs is sitting there and trash talks a month he's a running poodle. Okay, let's be clear, he is a running poodle, steve, okay, he doesn't even rate running dog because nobody listens to charlie gasping. Everybody knows what his grip is.

It's like, if, if, if goldman sachs wants something, it's like, you know, you know it's just how it works. It's like charlie, will deliver the message and yeah he's done it on on china. He's done it on everything. He was just a a thorn in the side of the trump administration from day one, and he was wrong about every uh uh economic recommendation.

Okay, so i just wanted to quickly share that there's two things i want to say. First of all, for the amount of people that charlie gasparino is allegedly suing his lawyer can't be real, there's just not enough time in the day for him to sue. Everyone he's actually saying that he's gon na sue, so i guess steve bannon is on the list now and speaking of stephen, i get it. It's very divisive political times and, as i alluded to a lot of people are gon na like him, and a lot of people are gon na absolutely hate him.

But that's not here what i'm talking about, i'm speaking exclusively to that video. It's hard to disagree with what was said. There was no really political talk in that, i'm just saying exclusively his take on gasparino being a grifter, it's kind of hard to disagree with. So i just thought clearly the simulation confirmed we're in the upside down steve bannon, calling out charlie gasparino.

It's just crazy, absolutely crazy, anything that i said in the video. I would love to get your thoughts in a comment below. Besides that i'll catch you in the next one have a great day.