Welcome back to the channel everyone today i want to talk about citadel being too powerful and how the sec and gary gensler are also aware of it and how changes have to be made so stay tuned and let's make some money. But before i dive into the video, if you haven't already be sure to sign up to moomoo using the link down in the description below, you can get one free share worth up to 350 dollars and a second free share with a guaranteed value of 58. On top of that with muma, you can also get free, real-time level, 2 market data, advanced charting tools and 24 7. Real-Time, up-to-date news releases, and now i want to dive straight in with the key information so sec, chair, gary gensler, is wary of citadel securities.

Is market power the u.s stock market's top watchdog has questions about the underpinnings of the retail trading boom. One of those concerns is whether a small number of trading firms and brokerages have too much market power. If there's only one or two firms out there that effectively have a monopoly over the market, it reduces the competitiveness of that market. That's why in the us there isn't just one sole bank that you can hold your money with there's tons of them, for example on wikipedia they have a list of the 100 largest banks in the united states.

Now, obviously, there's more than 100, but by having more than one bank, it promotes competitiveness in the market and means that customers can shop around for the best price and the fairest price. But when you only have one or two large firms or organizations, they can effectively do whatever they like with customers and face no punishment. They can commit illegal activity or market manipulation or charge unfair rates and prices, and they can get away with it, because there's no one to compete with at issue is the structure of the 45 trillion dollar u.s stock market, which has seen a surge in trading by Everyday investors using commission free trading, apps brokerages, like robin hood and charles schwab, have cut brokerage fees to zero, which has made them more dependent on money from companies like citadel securities and virtue financial that pay them to execute trades for retail investors, obviously known as payment For order flow, those market makers which match trades internally have ballooned in size putting their share of stock transactions in the neighborhood of storied stock exchanges like nasdaq and the new york stock exchange. Gary went on to compare the dominance of trading firms like citadel securities.

To that of companies like google and amazon, maybe we could see a splitting in the future of companies like cipadel securities and virtue financial. That way, at least there'd be more individual market makers, and it would make the market more competitive and hopefully there'll be less illegal activity and market manipulation ongoing. Now i also wanted to touch on a little bit of technical analysis for amc. As you can see, i've only got a few resistance and support lines here.

Maybe a couple of trend lines actually hang on. I i think this might be the wrong graph. This is the one i wanted to show. You is a giga candle in the works for amc stock.

As you can see here, this is a logarithmic scale, showing the monthly candles. Obviously, back in january we had this huge run up. We then had some consolidation followed by another huge run-up, obviously in june. Well, the back end of may and june, as well and more consolidation.

Therefore we're obviously now on track for that next giga candle upwards, which would take us to somewhere around 160 to 300 per share or above. I also really wanted to show you these charts as well, which is amc and gamestop treated as am, and fm waves like a radio contractions indicate, compressions expansions represent releases of volatility. Gamestop is looking highly compressed and amc looks to be earlier in the overall process of compression. However, extreme volatility is incoming for both of them.

As you can see here, looking at the gamestop chart on the left, firstly, we can see obviously the am and fm waves expanding massively and then contracting expanding again and then contracting with a smaller expansion and another contraction on amc on the right again. This is only going from june onwards rather than from january onwards, but we can see an expansion and then a slow, steady contraction for the entire period post june, as you can see compared to pre-june on the amc chart back here in april, and may we aren't Quite as compressed at the moment, as we were back in april and may, but we're not far off with gamestop, for example, we're looking the most compressed we've ever been since before january in december, and now i also wanted to talk about gamestop uploading. Some new pool floats to their website for sale, but they're all sold out. The floats are out of stock.

As you can see here, gamestop has listed some lilos and some various different pool floats, but you can see that unfortunately, they're all sold out and somebody says, can you imagine if they actually did this on purpose to try and get someone to understand the flow as In the flow of shares for gamestop is completely sold out and overboard. Obviously, no one can confirm or deny all of these theories that pop up, but it would be absolutely amazing if any of them were real. Somebody else commented saying this theory makes more sense than gamestop. Actually selling pool float toys because obviously gamestop a game.

Retailer typically sell games rather than pool activities. This guy checked on their website and it's real and there's nine different pool, float toys up for sale, but they're all sold out. So maybe we own the float of gamestop nine times over. If the gamestop float has been sold nine times over, then potentially the amc float could also be sold nine times over as well, that put there to being somewhere around four and a half to five billion shares of amc currently being sold right.

Now that's even more than what was calculated a few months ago when we estimated there was at least 1.5 to 2 and a half billion shares that had been sold of amc based on the say, technologies vote count and either that we're all just being very, very Skeptical and october is just a very, very popular time to buy pool floats and they all sold out straight away after being uploaded to the gamestop website, either way. I do think it's very, very coincidental and very very funny that ryan cohen has uploaded all of these sold out pool floats, and i also wanted to touch on a tweet from adam aaron praise b october movie ticket sale results show. Cinemas are finally on the rebound. First, two weeks of october domestic industry box office grosses and more than 300 million dollars and the biggest 14 day total since february of 2020, some 20 months ago.

The big screen is back and if you wanted to know how this year stacks up compared to previous years, the 2021 domestic box office currently totals 389 million dollars up to quarter four, but obviously so far, we're only two weeks through quarter four. So this isn't a full year back in 2019, for the full 12 months we had 435 million 2018 452 million and 2017 309 million so for 2021, we're already past 2017 and we're not too far off 2018 and 2019 box office sales, and we still have two And a half months left to go and many brilliant films coming out for the remainder of this year and now. Finally, i wanted to touch on this tweet from astro. He says alright, my friends.

We need answers on this. The day the buy button was turned off. Look at this neat little crypto that was created and securitized by ftx. He says was this: the day that crypto became entangled was the liquidity crunch offloaded into the crypto markets, and, as you can see here, this is a tweet that shows amc usd a tokenized cryptocurrency security from ftx.

This tokenized security was obviously created on the 27th of january and has been trading ever since mirroring amc's, true stock price. It's also not just this one tokenized ticker, there's amc, usd amc, usd tether, amc, bitcoin, amc 123 and many for gamestop as well. I really think we need to get a better understanding of this and figure out exactly how amc and gamestop interact with the crypto world. It's been rumored for many months now that institutions have been pumping up and crashing crypto to generate more and more cash and more liquidity that they can then feed into their amc and gamestop shores.

At the moment we don't quite know 100 exactly what's going on, but i think it's going to be super interesting to find out over the next few days and the next few weeks guys be sure to. Let me know down in the comments below what you think about citadel and virtue being too powerful and gary gensler being aware. Do you think cidale and virtue should be broken up, and there should be more market makers to promote a fair and efficient market? And if you haven't already be sure to sign up to moomoo to get those free shares because everybody loves free money and as always guys if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted when i upload a new video cheers.

.