What's up, what's up, what's up, what's up youtube, how we doing is your boy trey, coming back again for another freaking video, your master weeb back in the building, i'm wearing a hat, i don't usually wear a hat, but i got this in uh colorado once upon A time i went there and i hiked up and down pikes peak with a couple of buddies from college. Their names were noah and aston, and i remember we got to the top there's a 16 mile hike up. We uh shotgun the bud light. I should have got a coors, i know i was in colorado and we literally like down and uh smack some chicken and waffles from waffle house it's a pretty good day, but nonetheless, guys we're gon na dig into the stock market.

Today, amc what has been going down and all that all that sort of fun stuff, and on top of that you had some pretty interesting news from citadel which i'd like to spend the most time on. I haven't choked on my spin a while, oh jesus, but i like to spend a decent amount of time on so we're gon na start off that with uh with that here today. So i've got this pulled up check this out. This came from unusual whales and i did a little bit of digging around and i actually found uh found the original image, funnily enough from trey spit.

It's funny because i was only just choking on my spit a second ago, but he also shared a picture showing the actual percentages that i'm about to show. You uh right here so check this out. Justin cenavale updated a security terms for all investors, limited quarterly withdrawals to 6.25 percent, meaning it would take four years to fully pull out unless they pay uh a pay his fee. I think what whales meant to say he was so excited by this enamorating news.

You meant to say a fee is paid, but nonetheless uh. This is some crazy stuff guys i mean to put this into perspective. This would be the equivalent of if you put money into a bank. Let's just say you put a thousand dollars into the bank and they said: hey uh, we're gon na take care of this money for you.

But in the meantime, you can only pull out six point, two five percent of this on a quarterly basis, uh, just because we kind of need the money uh we're pretty bad. I know this is your cash but tough dude uh. We got your. We got your purple nurples uh in our hands.

You're just gon na have to deal with it, and you actually have proof of this exact thing from a bloomberg article right here, old terms versus new withdrawal terms. It used to be 10 a quarter without a fee and now to 6.25 percent a quarter without a fee. Lowering the amount that you can actually draw out to the point where, as well said, it would take you four years to fully withdraw whatever you had locked into your account 25. A quarter used to be the old terms.

Now it's five percent a quarter for millennium. You can just keep reading right, it's pretty insane. What's what's tightening down right now and if i had to give you any sort of uh guess i think it's just because the market is so uncertain and so volatile right now i mean, if you think about the way that big firms, trade, big hedge funds, trade. Let's just look at the vix right: what does the vix tell you? The vix is the volatility index.

This is essentially like hey the market is pretty shaky right now, there's a lot of bouncing around most hedge funds and firms. Don't make money on that right? They play the easy route because they have a lot of money to make they've got, let's just say: you're managing 10 billion dollars. They average five percent a year, they're doing pretty damn good versus a guy who's got a thousand dollars making five percent a year right. So this is this really kind of hurts them a little bit.

Titan there's nothing on my screen, buddy. I don't think that's really what you're looking at in terms of with citadel and many other firms, i mean this, you can see the uh the differences here, millennium, varushan and schoenfield hudson bay. All these uh different percentages have changed quite a bit in comparison to what you've seen in the past and ultimately, that's people holding your money. So i don't know i feel about that citadel's.

Definitely one of the better ones. Here they really didn't change their terms. Very much comparatively to some of these other uh other big firms, but nonetheless that tells you things are tightening up a little bit and you can look at the overall spy look at the market and see kind of some of this unease and shakiness. That's really been taking place over the last uh week or two, and it explains a lot of what's going down so uh.

There's your there's, your t, there's your gossip there's your news in terms of what's happening with citadel, and this current moment in time. We're gon na give you a brief update on the amc, uh short interest. Not a lot has changed here, so i'm not going to spend a lot of time on this right. The the short interest is christian at 17.52, changing about 0.43 89.87 million shares.

There's really not much more to discuss on that right utilization is so decently. Low utilization, in case you do not know, is how many shares are currently out on loan comparatively to the entire pie. So if you have 100 of a pie, uh 76 percent of that is currently out on loan, leaving the rest that 24 available to borrow from lenders. So there's not there's not a crazy amount of uh demand compared to supply in terms of short interest.

That is not including any sort of derivatives that are being traded in this moment in time. What i'd like to spend the rest of the time on here is looking at the overall chart right. This is some shaky waters and i'm putting out more amc update videos, because i understand that this is uh. This is stressful stuff.

When you see it down in that 20 high range right that can that can kind of shake your bones a little bit and what you see kind of rocking right now is a break over this descending level of resistance. What i'd like to call a speed line, and it's holding that pretty decently? Well, in fact, you can see that it acted as supports heading into the rest of the day, got a clean break over that, and then it just bounced on top of that overall line. Leaving the next one to be right here right this previous uh, you could say a channel. It wants to reclaim that channel that was trading in for that downtrend, while also maintaining the hold over this level right here now i talked about this before.

I did not think that you would see a quadruple bottom on that level, but you can see how heavily respected this is right. Touch point right here. Touch point right here. Touch point right here.

Touch point touch, point touch point a lot of times just try to break underneath 27 dollars, and it cannot do it and if you want to look at the overall macroscopic, look on the chart right. I've said this a million times when in doubt, zoom out, look at things the big picture you can see how critical this level is right comes all the way back here to what i would consider to be a very strong demand zone, essentially a point in which Algorithms will step in to induce buying pressure on any sort of stock, and it's pretty well respected right. You can see that right here, choppy price action before a decent size move up. That would be labeled right here, and that is that 27 level.

We got some shop way back before that decent run up that you saw in early june and late may. So, with that being said, it's holding a level very strong. Now that doesn't mean that we're necessarily out of the waters, but it is showing a good amount of strength right. I like that a lot now is it possible for us to come down and test this freaking 19 ish 20 level of uh demand right.

It is possible - i'm not here, to tell you that it's not, but i am here to tell you that this is the sign of a potential reversal and something to watch for doesn't mean we're necessarily bullish doesn't mean that we're bearish. It means that the market's still making a decision waiting to get back into those good waters. So what can i tell you about that right? What can i say in the meantime, while you're just watching the chart, if you have a conviction in the play right and you truly do believe in what amc is going to do you think it's going to trade higher than it is right now? And you don't plan on buying more or maybe you do and you just want to set price alerts. Whatever step away from the chart, man don't watch my videos, don't watch anybody's videos go.

Do you don't focus on the the psychological barrier? That's going to bring you down negatively now this isn't the same as being negligent to a position right. I want you guys to be mentally physically emotionally in a good spot right, that's very important, but if you are in a good spot - and you put money into this - that you can afford to lose, you feel very comfortable with where you're at right now there's no Need to expose yourself to a negative, uh sort of mentality. Ah, two times two times i choked on my spit twice: there's no need to expose yourself to that sort of negativity and that sort of bad thinking regarding the stock price. If you think it's going to go higher right, just think about that.

I've said this before, and i think it needs to be reiterated is that the price is psychological. If you think that the stock is worth x, but it's trading at x, minus y you're, just biding time in this situation, you're not trading price, you're trading time, you're waiting now i'll tell you this tesla. What did it take for tesla to get where it is right now, years and years and years and years of this, i mean look at this. How long did it trade between freaking, 37 and 77? Obviously, this is after the splits and stuff to get up to where it is now in that thousand dollar range.

It took a very, very long time to me. This play is worth, however long. It takes right. Some people need the money sooner.

Some people don't really care and ultimately those decisions are up to you to make, but i will tell you this: this thing is doing some beautiful stuff. Look at the big picture. Zoom out. Look at the weekly candles.

Look at the daily candles. Look at the monthly candles right: this is beautiful. This is nice. This is a good looking chart and you are making great progress.

You can see the similarities that are drawing up on a day-to-day and a week-to-week basis in terms of growth, in terms of progress and in terms of making change in the market and educating our neighbors and getting ourselves to a better spot than we were in before. I think the best way to wrap this up is to grab titan right here and let him give you guys a nice goodbye. Ah, don't stop! Oh you are such a chicken. He just loves fighting.

Well, i think that's the way we're gon na leave it off. I appreciate all of you tuning in hope. You guys enjoy the rest of your day. I'll see you all tomorrow, much love like taps, as always, and peace.