Oh, what's up, what's up, what's up, what's up, what's up youtube, what is up everybody welcome to trace trades, we got technical analysis and different stocks in the stock market, as well as potential buy holders sell opinions on these given stocks, i like your products by saying That i'm not a financial, advisor or expert, so it's going to say the great assault. Let's get into the video. So today, my friends, my family, my fellow gorilla gamer, to give you an update on ticker symbol, amc for everybody out there has been patient with me while i've been traveling. Thank you so much.

I appreciate that greatly. I know i've been dropped off the planet here. For a little while, some people are worried that my eyes are giving me some issues which they are a little bit. I'm gon na be honest with you, but it's good enough right now that i can uh look at the screen.

I've been taking some microphone. I got uh steroid injection yada, yada yada, but there's way too much freaking cool stuff going on right now that i kind of want to talk about so, let's just dive right into the video we're going to talk about the overall technical setup on amc. I want to go over the kind of the setup that we've got. I've been talking about a bounce off of the 9.15 range, it's going to break over 1120 and we are set up perfectly to make that happen right now.

I picked up some nine and a half dollar strike, call options that are expiring this friday that are actually in the green right now that have a good shot of printing some decent money. We're going to talk about those i want to debunk some stupid news. I want to talk about the absolute disgusting short bar theory that we've got rocking right now. I want to talk about blackrock, the institutional buyer, who has stepped up their position astronomically.

I want to go over the vortex numbers and i want to talk about some sec filing stuff that he's going to play into the game here. So a lot of stuff to talk about, let's just dive into the video save as much time as we can. So i want to start off here with the stupid news. This is an article.

That's come out, despite all the freaking cool stuff, we've got rocking right now, with amc. We've got this post that came off of weeble three red stocks that can make big moves lower. This week, don't even pay attention to this crap. It is just a bunch of absolute garbage.

We know the whole game right. I've said this from day, one i'll say it every single day, the day that the media and the news and all these different sources stop covering negative stuff on amc. That's the day that it's over think about this right cinemark. When do you ever see negative stuff? Coming out on cinemark, never because who cares it's a movie theater chain, they're, saying movie: theaters are dead, you're gon na be screwed you're gon na be done.

Amc is a value player right now, guys, i'm telling you i'm telling you i'm telling you. There is absolutely no freaking way that amc is worth 9.76. Just don't see it. So don't pay attention to stupid news if it's validated, if it has actual grounds and basis for their beliefs.

Maybe right maybe that's true, but i wouldn't call it plummet anything more than like it has to drop to five bucks for me to consider that a plumbing it's just not going to happen. I just don't see that happening so with that being said, we've got that out of the way i want to talk about the overall short borrow fee rate, which is absolutely disgusting right now. This is just stupid. It's been trending upwards, an insane insane amount over the last week, two weeks and today it has hit sixty two point: four percent.

According to stock o tracker, this is an absolutely stupid number. This is gon na put pressure on short positions, as you can see by the title of this video. This is called the trash compactor, and that is because we're squeezing the crap out of the trash right, these short positions, the higher that short bar free rate, goes the less incline they're going to be to continue to hold their short position. Just doesn't make sense right.

An annualized interest rate of 62.4 is a lot, and this number continues to go up as it becomes a harder stock to borrow, there's less available shares to short and the risk of them coming up. Profitably gets higher and higher and higher right. Think of it of landing, a green on the roulette with a double green, a double zero or a zero right. It's just really freaking hard to do and that's what they're trying to do here and they're saying: look if you want to play a game and try and land green on roulette right, we're gon na charge you a lot of money! It's gon na be very hard for you to come out profitable on that.

So if you wan na over leverage feel free to do so, but we're gon na really really incline you to not want to do that. But that's why that's our free rate's going up, and that is nothing but good news for us right. So next i want to talk about the overall institutional ownership of the stock right. This is a huge piece of it as well, and there's a good piece of this and, i wouldn't say a bad piece, but a neutral piece right.

So the good news right i want to talk about. Blackrock blackrock has stepped up their position to 27.3 million shares. According to this 13 foxtrot that was filed on may 7th - and this doesn't necessarily mean that they bought this, many shares on may 7th. That's just the day that it was filed, so they could have bought it days before or weeks before.

Just keep that in the back of your mind, the average cost is six dollars and 16 cents. This doesn't mean that they paid 616 right. This is likely if i had to guess the average price that they have after they already own some shares that they probably bought in the two three four five dollar range and then the shares that they just bought now right. Good news.

This is less shares on the market, less shares on the flow that are available for shorting in the grand scheme of things in the short term. The neutral news is this: if they wanted to lend out stock, which i imagine they likely will, this is going to be extra shares that are available for shorting now. What do i mean by this right? So if you look at ortex, you've got utilization, which is maxed out and you've got shares that are free floor on loan. This is the shares that are being borrowed, and these are the shares that are being shorted, 23.75 and 36.67 of the free float is out on the loan.

Now, with that being said, what could end up happening is the the shares that were that were bought by blackrock. They could end up lending these out to other shorters that want to short the stock and in the short term, that might mean that you got a little bit of selling pressure in the long term. These guys are intelligent right, they're, not trying to lose money. They wouldn't buy 27 million shares if they didn't want to make money on it.

If they didn't want to go long on it, they could have just borrowed stock and they lent it out to somebody else. If that's what they wanted to do right, so just keep that in the back of your mind. What i think this is is they're trying to take the opportunity, in the short term, to make money on that short bar fee rate by lending out stock, if they still want to right. That doesn't necessarily mean that they will.

But this is just an hypothesis of mine uh if they wanted to, they could lend out stock, which is then going to create a little more short interest, a little more shorting pressure right in the short term. This might create a little bit of neutral or even downward selling price action. It's entirely possible in the long term. This is just more short interest that is going to inevitably drive up the inevitable squeeze right.

So i am absolutely in love with this. This is nothing but good news for me, anytime, that you see an institution or big money: smart money, whales step into a stock, especially like amc. That's a dead cat that says that, according to this stupid, freaking dumb fake news, ridiculous article saying that this stock could make big moves lower this week, i mean this doesn't even make sense. This is an oxymoron could make big moves lower.

What? What is this? You put just silly chickens, a bunch of silly chicken talk, but this is kind of what my thoughts are on this in the short term right short term long term right, you couldn't see this being used as a opportunity for them to lend stock to short, which Could and drive up that short bar of free rate right because the less stock that's available and the more people that short the harder it is to borrow the higher extra borrow fee rate they're on our team right, maybe not even on our team but they're there To make money, which means that if they make money, we make money, and that is a good freaking thing to see. Now i want to talk about vortex utilization, absolutely maxed out. 100 percent casabarro is not up to date on this. This is taking a different spectrum of things, but the days that cover, i think is worth talking about - and this is a disgusting number right so on the three month time frame the days to cover is the short interest divided by the overall volume right uh on A three-month period of time the number is going to be lower than it is on a two-week period of time.

If the volume is different - and it is right - this three-month volume is taking into consideration some days that we had astronomically huge volume, which is kind of skewing that number a little bit right. We had some days where there was 300 400 million a billion in total volume, and it might actually still be taking that into consideration which makes that lower uh number lower. However, it is still going up it's at 1.68, anything over one. It considered to be significant.

The two-week this is astronomical. 4.62 is the days to cover on the two-week time frame and since the volume hasn't changed, that means that the short interest has to change right, because it's just two numbers that play into the equation. So the short interest going up - and we see that it's validated right here, because it is at point zero, three percent today and overall, you got the short interest at twenty three point: seven five percent, which is an astronomically large number anything over ten 10 to me, Is significant right and you have had huge squeezes off of lower short inches than that i mean microvision, for example, went from 10 to 30 off of, i think, like 20 or 18 or something, and then i had nowhere near as much attention or traction. As this does right now right, so a lot of great things point in the direction we've got an insane cost of borrow fee.

We've got a great days to cover number that's continuously going up. The short interest is also continuously going up, which is absolutely beautiful, but i want to look at the overall daily short sale volume which we have cooking as well right now, and this is going to show you the overall trend of how much has been shortened, and I find this to be pretty freaking fascinating, now check this out. This is loading right now, but we saw a huge, huge, huge uptick in total short volume. As you can see right here, it hits 65.

That is the all-time high over the last three months. On may 6th, and that would have been last friday today, uh no, no, that would have been last thursday. So on the on friday, we had 35, but nonetheless that short volume percentage is going up, a huge, huge, huge amount, and this is just validating our claims. If this is a heavily short stock right, it's going to become harder and harder to borrow, which is going to drive that short barrel fee rate, which is going to put pressure on short positions to cover.

I really do think the game is nearing its end. I think we're getting very dangerously close to the end where the squeeze could potentially happen. Now, i'm not going to have any hard days because nobody freaking knows anybody that tells you they know or they're lying to you right, but my best educated guess. I stand by sometime in late may or june right.

I really do believe that we are getting close to the end game. The end game results, and that is a freaking squeeze. This doesn't mean we're gon na go from nine dollars to a thousand five thousand. Ten thousand hundred thousand, all in one day, it's gon na be a bumpy road.

It's the market after all, right, but it's gon na be getting the ball rolling. We're gon na talk about this more as we get into the actual charts. Now one last thing that i kind of want to cover before we do get into the charts and just talk about the overall trend that i've been talking to you guys about is twitter. I posted something on twitter that was shared with me, and i think this is very worth sharing in a video, and that is this right here right so breaking.

It appears that new york stock exchange made a filing with the sec. The sec seems to be listed in apes and apparently suspended outside of dark pool groups effective immediately. New york stock exchange is appealing that they should give them 14 days to prepare, don't give a now sec now. Essentially, what this is the dark pro trading, the otc over-the-counter trading right, it's a backdoor way for for uh certain brokerage firms to get orders filled without having to to report numbers instantaneously right, it's kind of a i wouldn't say: well, it is kind of sleazy.

It's kind of sleazy, but it's away from the short stock without actually or get orders filled. I should say without actually having to show it right. So that's something worth talking about, and this is something worth knowing and you really want to pay attention to these sec filings, the nscc, the dtcc. All these major entities that govern and regulate the stock market are paying attention.

This is all starting to fall into line right, a lot of good nscc filings that are starting to get approved, some that are soon to get approved right, there's, actually one that's waiting to get approved on my birthday on june 21st. If that ends up coming in fruition, freaking best birthday, gift of all time guys, but so many good things pointing the direction of an amc squeeze on the horizon. So that is something definitely worth pointing out, and i want to wrap this up by showing you the overall trend that we've seen on the six months chart time frame and it is coming to freaking fruition guys. So i've been talking about this triple top channel right.

One two three times it has bounced off 1123 and about 9.15, and i thought for sure that it would bounce off about nine dollars and fifteen cents, and it is starting to freaking happen. Today is a little bit of consolidation. That's okay! This is exactly what i thought would happen. I told you guys that i think this is probably likely gon na happen.

You're looking for this right, good leg, up, followed by consolidation trading, sideways, followed by another leg, up, followed by maybe a little bit of downward pressure. Consolidation right until it ultimately tests this 11.23 mark if it gets a break over that and test out that 1450 15 mark and it gets that clean break. It's squeeze time. Game is freaking time to go.

We're going to tiny town we're bringing the chickens along for a good old freaking dance, and it is time to go - and we talked about this because it's happened before right histories and trends are not coincidence. They happen for a reason right. There are other traders that pay attention to this stuff, whether it be whales, whether it be retailers, no matter what it is. The charts tell you, the psychology of buyers, people like buying on the way up, people like selling on the way down.

That's just psychology. People like buying when it's ripping and selling, when it's when it's when it's dipping, simple as it is right we're not doing that we like to buy dips and sell ribs. However, this is the basic human psychology, and this is exactly what it's showing you right. So when we finally got a good rip off of 650, with this triple top setup, people started buying the volume increased, as you can see right here, and it ultimately tested about 14.50 right well, now, we've got that same sort of setup right now, trading sideways a Lot of consolidation, not a lot of volume, very, very steady, flat price action until we get this clean break of 1120 and it starts ripping again, which i can almost guarantee.

You i'm 99.9 sure break over 1120 is gon na bring in volume and you're likely going to see that test of 14.50 break over this mark at 14.50. You are looking at squeeze time, and that is exactly what we have starting to build up here guys. I feel very confident that this is likely going to happen. The only way that i don't see this happening, which is entirely possible right.

I don't know the future. I can't tell you what'll happen. I can only take estimated guesses is, if it bounces off 11 23 and re-test nine bucks and what you're just looking at a longer time frame for the squeeze to happen. But this is set up freaking beautifully guys, i'm loving everything about the technical setup.

I'm loving the short bar if you're right, i'm loving blackrock, has stepped in i'm loving all these new sec filings right, everything is lining up on. This is a value plate. Amc stock is not worth 9.83, it's just freaking, not it's worth more than that. This is absolutely on sale.

I don't even see that much risk here right, you buy emc stock and a squeeze somehow doesn't happen, which i just don't see any possible way. It doesn't right. What are you looking at you're, looking at a freaking double up triple up quadruple up? I i just don't see any way that you can't make money on the stock, but that is what i've got for the video here today. Hopefully, you guys enjoy the new setup.

This is my freaking house uh, just just straight up chill. I built this desk built this freaking desk. This is my window. You can see outside right here, everything's, looking pretty freaking nice, i like it here, i'm not gon na lie.

I won't be here for uh for the for the rest of my life or anything i'll, be here for a week or two and then from there. I'm gon na go back to uh, where i was living before do some more work, but ultimately this is where i'm going to be, and i spent a lot of time just getting things set up. So that's what i've got for you guys today, blah blah blah. Consider subscribing, you know the whole deal thanks for watching my friends, my family, my fellow gorilla gang catch, you all in the next one, much love and peace.