Transcription
Click on this. Good morning. Hold on one second. Um, I'm getting up to speed. MSTR, did they sell Bitcoin? Can you, I'm sure someone in this room already knows the answer to this, so let me know. And let me put on some tunes. Oh, yeah. All right, let's get. Come on. Come on. Hey, hey, hey. Where's the phone? Hey, hey, hey. Um, let me know if it's hard to hear. I mean, I don't know if it's allergies or what it is, but my uh my throat's super super scratchy today. Um, wow. Got a ton going on here. So, uh, yeah, we'll get to it.
Um, you guys will know this more than I do because you guys are on top of this stuff, but there is, uh, someone in the room talking about MSTR, uh, that they are selling, um, they're selling Bitcoin. That's a real problem if that's true. Uh, unless he's going to explain it, but that's a real issue. Um, I don't know why he would even do that. Like what would be the purpose of him selling that? Like that's a re that really is very big concern of mine. Um, from for for from an MSTR standpoint. So I have a lot to go over with you guys. What my plan is here is to do the ES and the NQ and I have to really jump today at nine. I have I have a tremendous amount on and there's a lot going on. So, I'll talk really fast. Um, and I'll give you what I can that I think is the most important stuff on the day. But today's pretty insane. And I knew June was going to be like this. It's one of the reasons like with the the community, let's go to that Sunday level from the 24th and mark this off so that we can see what's going on. So, that would really be the area that you could probably come down to uh and retest. But, you have a shelf here, too. So, that's kind of interesting, isn't it? And then we'll put this in here. Um, and we'll see how this goes. You've already tested that and resistance is now becoming what? Support. Uh, what you might want to do is check this out and let's just see if we have a divergence of any kind. Uh, we don't. So, that's okay. Um, all right, cool. But I I would watch that very closely. I'd be really surprised at some point if we don't come back and retest this level right here. Let's get rid of that magnet before it drives me crazy and I have a falling down moment. Um, that only puts you at like 30 basis point. Um, Larry, I am in no mood this morning, buddy. I I really think that's how you should view it. I mean, there's if you if you get blue skies, you get blue skies. I mean, there's not much more I can add there, right? But and I don't know that you're going to break this, but you could. You know, it all depends on what we get. You know, what types of tweets we get today. Um, you know, what we probably could do is take a look at that from Sunday. Actually, right in here. I actually bought the market last night, but blew it out too soon. So, there's your Sunday level and there's your Sunday open or that's your the bar and then your opens right there. And that takes you right to that level. So you held that weekly level right in there and you bounced off of it, which is not really that surprising, right? So that's became support last night. So I do think that's interesting. Um I do I think that's super interesting. Where is the Okay. All right. Let's move that out of the way. Let's go here and go and we'll move you down to there and then we'll drop you right there. Cool. And that's really how I would view it. Um I think there are your levels and then you'd really want to see how that's going to uh how that's going to play out.
Let's go take a look at the spy and see where we are with the call walls and the put walls. So, you're pretty wedged in there, man. Um, you have a 760 call wall, 740 put wall. Let's go take a look at the spy real quick while we do that and see where we're at. So, you came up to it, you hit it, you rejected it. So, here's your call wall up here. Well, you didn't really get there, did you? But we could say that there's your call wall and then your put wall. Like, they're not even close, man. So, they're not really very concerned, are they? Uh, about the market as a whole. Like, not even a little bit. So, um I think that's very very important for us to look at that range. Like you're they're really not overly concerned by that at all. Like not even a little bit. Take a look at the Q's. 750. You're not even near it. So you're all the way up here on the call wall now. They just got and 700's the put wall. So they do not feel the need for protection at all there. Like not even a little bit. Um, I think that's super important for us to, you know, point out like they're just not they're not feeling that. Not even a little like not even a little.
Let's go take a look at the ENQ. And is this I've been drawing these damn levels and they keep popping up and hitting and then I don't even know how, you know, it's so funny because I don't remember how I got there. Uh, there it is. Yay. Um, and so there's your level from Friday and then here's your Friday and Sunday. You couldn't even get there. You couldn't even get to that level. I mean, if you came here and there's your six o'clock bar, right? Oh, it's not really rocket science. So, you came down to the low of where you closed last night and you've already held. So, um, I think that's really interesting. So, you'd be looking at obviously. Uh, I probably say this Sunday there, right? You can kind of see what happened there. And now you're already over that point of control. So, wonder what you're doing here with the VW. And let's find the peak. That looks like it. And you're kind of sitting there. So, you know, you might want to watch it. Um, I don't know. I I when you know when you're bidding up up like this, you know, do I feel the need that you have to like plow into things? Not not really. Um, not really. No.
I I'll go through a couple things here that I think are super important. So, the first thing that I would say is EWY, they had a lot of economic data, macroeconomic data last night. It was really good. And the stock's absolutely ripping on this or the index is ripping on this. Um, a lot of people look at this and say, "Oh, I missed it." Um, you know, you're still trading at something like, God, I think it's like eight times earnings or or something like that or nine times earnings. Um, I own it. I have no intent of doing anything with it. And, you know, that's it's definitely uh of interest to me. like I see very little reason, pardon me, to do uh anything here like at all. So, I'm not going to um like I'm not going to do anything with it. I I don't know what there is to do. I just think it's going to keep going higher. Um I don't think people truly get how much these companies are actually doing in in volume. Um, you also have Computex this week, which is going to be huge for these tech names. And that's really what you're seeing this morning with, you know, Dell bidding up again. Uh, whether or not it stays or doesn't stay, whatever. Uh, but with Dell bidding up again, with, um, you know, Nvidia getting price targets of like $300 today and, uh, you're getting a lot of that and Intel's obviously down on this because now you got an 800 pound gorilla that's going to compete with you. I I do think there's becomes a time that this gets super interesting. I I don't know that I got to get in there day one when I'm breaking the 22. Um if you if you get under the 22 and you close over it, that would be super interesting to me, you know, from a from a trading standpoint. Um AMD is just a pig. Um I've been but you know, I've been calling it a pig since 80. Um how's that worked out for me? Not very well. And it's definitely holding up way better than Intel is, right? So, I think that's important. I don't really see the need to um to change my stance there or to do anything about it like at all. I think that looks amazing um from a chart standpoint, but you can come down pretty hard on this. you know, if you got a competitor out there, I think the software is where they're really going to push you today because I think the software they're going to push because of uh Jensen's comments that software is far from dead. They're going to need it more than ever really. He's like, "AI can't replace this stuff." Um, and he actually thinks you're going to need more He actually thinks you're going to need more humans than less humans with all the code and productivity. You know, I remember when they got rid of the car. Remember when they got rid of the horse and like, "Oh, we're not going to need guys anymore." They sure needed guys, didn't they? So, um, I think that's super interesting. The software side tonight, you're going to get HPE. If you don't know, you should know. If you've been watching our videos, we've been talking about this forever. We bought it in the community in like the 20s. I've done nothing with it.
Um what what areas do I think you have to really watch or like what areas would I be concerned about is and I own some of these names like I own uh RDW um I own Rocket Labs. Uh it they're just this this is not going really well. Him trying to put SpaceX out there. It's not going great. So you just you just might want to watch and just you know keep an eye on that and make sure that it actually does go well. Um, and if it doesn't, then it doesn't. But you might want to keep a uh you might want to keep an eye on that and just make sure that it actually does go well. Uh, obviously ARM is going to benefit greatly from this. Do I think it stays up here? Um, I think retail's kind of looking at it like why am I chasing this? Uh, you know, I own this. I actually bought more last night, but um, candidly, this 408, 409, we hit like a ton of bricks. If I am to, you know, you got to be super careful to not chase a damn thing today. Like the call wall is 350. So if they want to whack it, like play whack-a-ole, they can. The memory side really to me is where the they're really going to push. But on the compute side, they might say, "Okay, the cat's out of the bag. Maybe it's time to sell this now, you know, and they might not be dead wrong on that." So, uh, it's definitely something that, you know, we want to pay attention to this morning as traders. Um, it's like super dark in here, but it is what it is this morning. I don't have time. Oh, you can see like the microphone, like the little green part. Maybe I can push that back. Oh, look. I'm a little more professional now. Yay. That's why you watch the show for the level of professionalism, right? It's like a show. I guess it is like a show. Yay. All right, let's get to it.
Um, oh, um, you guys are going to ask about someone's gonna ask about this thing. I know you guys are. So like this P U RR um that's like ripping um this is like BMNR but it actually this actually makes sense. So uh it's not like a pig like BMR. Um you know a great trade for this stuff honestly might be this long per and then short BMR. Um this might be like an amazing trade. Yeah, I'm not the only one that's thinking that. Right. What what would you be up on that trade? You'd be killing it, right? You'd be slaying it, dog. They still say that, right? Yeah. You'd give up 123% on that trade as a pair trade. So, but you should do what you're comfortable with. Uh, let's get to some of these questions. What's up, John? Um, team workday. >> So, they really they think this thing's going to be in a bidding war for sure. um team. Here's here's kind of where my head is with this. So, if I had earnings and I moved on earnings to the upside, like I formed a base, I broke out above said base. I did the undercut here and now I'm ripping. Yeah, that's pretty much like you have a base and you're probably going to go and you're probably not going to break that 98. Um do I want to pay 15% for that pleasure? all that that pull pleasure. Probably not. Um, what I'd probably do with something like this is overlay the 200 and go, do I really want to buy that one under the 200 day moving average? Then I would go and take a look at it the weekly and say, I'm under the 200 week moving average and go, is that the one that I want to buy? I feel the same way about that with like workday when people are chasing like, oh, I got to buy workday. Um, I'm not saying they can't work, but do I really want to buy that one versus some of the others that are really shaping up a lot better? A and yeah, I'd rather buy the ones like snow, you know, the ones that have really they've crushed, they're above the 200 day moving average, they're above their 50, the they're forming a much different looking chart. Um, they're the ones I'm more interested in. So, yeah, that's really how I, you know, how I see it this morning. And, and that's kind of where my head is with it. Um, I I would be looking at the big dogs. I'd be looking at, can I get an Oracle at 225? Can I get Microsoft at the 450 level? Uh, because once you close over the 200 today, if it closes over that 200, you're going to get a whole other wave of buyers. And that'll be your first close over the 200, John, um, in 26. So, you're going to get a whole wave of buyers that are looking for that. And IGV, you know, I mean, it's going to go. Now, you have a lot going on this week, too, right? You have u is that core wave moving on all this kind of. Um, you know, you got Crowd Strike this week. I don't know what they think these earnings are going to be, but my god, they had to get in these names. I can't believe I got jked on them, but I did. Um, and now look at them like they're just absolute freaking monsters. Um, God, just crazy. Anyway, I think I was still in the CIBR, but and you probably see the these things just continue to move. So, I think the software is very interesting here. Yeah. Uh, HG NE I don't know. H, sorry, dyslexia. HNG. I don't know anything about it. I own some healthcare through CNC. I've done exceptionally well with it. Um, but I don't know that name enough to speak on it. I think AVGO is going to be an absolute monster. Um, you know, I I don't know that I, you know, want to go out there and I I gotta really think about how I want to play that, you know, into earnings because like the thing about him and like where are the 500s at? Oh, they have these stupid like daily puts. Can you get out of here with your garbage? Um, the June 8th are actually cheaper. So June 8th are way cheaper. That's so interesting. Uh, but like the 500s for June 8th maybe. Like it really depends on where you're like where your head is like on this. Um, you know, if you're trying to hold it into earnings like the problem's not the company. The problem is that the guy and your call is 450. The problem is that the guy likes to uh, you know, likes to bash his own company. So, you know, he might do that again. He might bash his own company again. Uh, that's why it was down. That's why it was down. He was like, I don't know what's going to happen. Like, if you ever listen to the conference call, like even the analysts were trying to like save him and he didn't want to be saved. Um, but you know what he tends to do is he tends to bash it and then then he does like these huge buybacks. So, you know, like like the last one he did was in here, right? I think he like bashed it in here and then we had all that winning and liberation. He's like, "Oh, by the way, we're buying10 billion dollars of our own stock back in the open market." So, um you don't know what you're going to get with him and it's really the conference call that that drives this thing. So, they could absolutely crush, but then they're like, "Oh my gosh, like you have this backlog." He's like, "Oh, maybe, you know, maybe we have this backlog." Like, like he totally totally downplayed it that time. Uh, and I think everybody got scared here, but it is what it is. Uh, I do think you're ramping up. I do think you need more connectivity, not less. You know, we'll see where that gets us. You know, that in a bowl of soup. Uh, right. So, we're going to have to see how that plays out today. Um, for sure, and and kind of go from there. But, uh, the Nvidia side of things, they're really heating up. I I don't know that I'm out here going, "Oh, I need to buy like Let me rephrase this. I own Nvidia and I'm never selling it at this point. Like I'm just never selling it. But like do I need to buy the this for the day trade today because of Computex? I think there are much bigger fish to fry. Like I think when people start extrapolating how much money ARM could make is really why ARM's moving the way that it is, right? Like it's not this billion dollars that has ARM moving the way it is. It's the fact that they could now be or now are aligned. And this was the conference call where it happened. Um, we bought it that day and then I made like 20 bucks and I was a genius and now look at it. But we've been trading it in and out. But here's the thing about it. It's like you're now associated with a 20 billion run rate. And if you think Dell, Nvidia, and Microsoft can't do that and dominate the market, I I don't know, man. Go back to the 90s. tell me how windel went. So, you know, they can 100% do it and they've been doing it. So, um I think there's better fish to fry from from a from a short-term trading perspective, if that's why you're asking. From a long-term perspective, I think there's more upside and harm than there is Nvidia. I think Nvidia is way st much more stable. I mean, all it takes is Nvidia to say, "Hey, we're partnering with somebody else." You know, and that's why Qualcomm's getting smoked this morning. It's why Intel's down. That's why AMD is down. Like, that's why Where's that pig? Right here. Um, you know, that's why these names are down. But I don't know that they're going to stay down. You might just see you might see a bounce in those names. Um, I think you have to be super specific about what what your goal is on the day. You know what I mean? Like what the game plan is. I think that that's the best thing I could tell you, Zeta.
So, let's go through some of these. Uh, Zeta, I don't know why that's moving the way it is, but it's absolute monster. You're probably going to retest that high. Noia I own. I like I needed to kind of start turning in here. Um, I just went through this in the private premarket. Um, I don't know if you heard of JL, but like I needed to I needed to close green on that line and then I'm very very interested. This is acting much better for us. Much much better. Uh that was a really interesting conference they had at CIBC. So you're going to get a lot of news today, guys, that a lot of people don't know Computex is going on, but now you do. So you might want to Google that. Google the word Computex. Um it's kind of failed, right? So do I want to step in front of that? I don't know, man. I don't do well by those charts. I usually need the hopers and dreamers to get smoked one more day and then to come back into them. It's kind of like wolf, you know? I need them once they get smoked. I need them to kind of figure out what they want to be when they grow up and then go from there. Um, so that's kind of where my where my head is right now on this. How am I going to move this fast off the open with all this on? It's going to be a pickle. Um, Best Buy. Let's get to these. John, the Best Buy. I I think that when you start looking at this, it makes so much sense. You know, if you look at all this buying, it's very clear that the consumer, we keep hearing how bad the consumer is. You know, we keep hearing a couple things. We should go through this. Um, so the consumer is so bad that Best Buy is crushing and they're buying all these computers. Then we hear that it's the K-shaped economy. Well, apparently everybody's on the upper end of the K except for like the lowest end, right? Like the the bottom 10%. So like I I don't know, man. Like they're buying the hell out of consumer goods. So when I see stuff like that, I don't I think we're ramping up. I don't think we're ramping down. Now, what happens with oil prices six months from now and how that affects the market, that's anybody's guess, but I'm trying to get through a Monday. So, um, FNTtn, I just have to pick my battles. I think when you see what's going on in some of these names, like look, there's earnings and then you're ripped, right? Like it's not rocket science. Like look at D-D's earnings, right? And there's me trying to make like five bucks and now look at it. Right? So you start going through and say, "Okay, well, what's the next one that just came out with earnings?" And what's that doing? Wink, wake, nudge, nudge. Say no more. Right? So which ones are they buying? Oh, they're buying the ones that already had earnings, and then they're just putting stops under them. And if they get hit on the stop, they're just getting the hell out of it. Excuse the language, but that's what they're doing, you know? They're not It's not It's not crazy what they're doing. They're like, "Oh, these companies came out with earnings. These numbers are good. All right, I can get exposure that way to it and then they're getting themselves exposure. Um, I do think people want to pile in some of these other names. I do think people want to own the Microsofts and the oracles. So, because it gives them exposure by owning the best companies, like the biggest companies like Oracle and Microsoft aren't going anywhere. So, uh, Micron, yeah, I mean, I I think it's going a lot higher, like a lot higher. And I I don't think people fully understand what's happening here. So, um I I covered it a little bit Saturday's public video. Um but I don't think people truly understand the amount of demand that's going to be increased out there. Like demand is actually going to go up by 12% next year. And you have no you have no more supply. Like there's no more supply for this. So keep that in mind. I don't know why you're up. I don't know why you're up. I tan's probably up, right? This one looks fantastic. And I think you're going to go. So, I actually think this one's going to go. And um you know, whether that holds or it doesn't hold, but I do think that that's really setting up here.
Hey, man. Feel like I missed somebody. What's up, Tariq? I'm going to have to jump. I got too much on. I got to go deal with it. All right. Um I I wouldn't go near this. I I actually bought Lily the other day. I started scaling into it and then I just got smoked. Um, I just bought it on the breakout. I started scaling into it. I didn't even put it out as an alert yet because I wasn't like totally confident in it. And sometimes I'll start scaling in the names like this. So, I started buying it and then it already hit me like right here and I'm like, "Yeah, I'm not going to sit with this thing." Like, I needed it to to lift. So, I don't know. I don't know that I want to be in the drug companies right now. Do you know, do we need to get defensive? You know what I mean? Do I am I being grumpy? What do you say? I don't know. I'm not saying Oh, I get where you're saying it. You're You're way longer term than me. I got you. Yeah, you can make that argument for sure. You know, you could totally make that argument, Joan. Right. There's your flag, right? Let's clone it. You always clone them because you went the same trajectory. Yeah, you didn't close under it. You came back, you retested the earnings bar and you held. I mean, if you're in there and you're looking longterm on, as long as you're not closing below this, but you already did once. So, I guess you kind of have to use this as the close. Like, you don't want to be below that. But I see what he's saying. Yeah, you definitely have a bull flag there. I mean, it's dependent, but it's it's there. I get it. Yep. I don't know what the hell's going on. Right. Give me a second here, guys. I I I'm just looking at how this day is going to shape up and what's the thing that's going to really bother me. >> Give me one second, guys. I'm going to stay for a couple more minutes.
All right. Arm we went over. Hello from Monaco. Hello from Miami. Or you give me names. I don't even The Unity software is super interesting. Um this is really interesting because of how you acted on earnings. So this earnings they completely were like okay and then this guy's coming in and revamping the company and you have a huge gap in this chart, bro. like huge gap in that chart. I I mean I get I get this. Um I understand why you're looking at it. I don't know what the catalyst is, but I totally get that, Pedro. So, it's definitely there. I mean, you're you probably already saw like the basics where you're flipping and and there's definitely something to it. Um hold on one second. Let's pull this up. And there's your 200 right there. Go to the 200 week. And you can see like here, here's your 200w week moving average. Stayed above it, broke it. And so this week you just closed over that. So this is kind of on my radar. Uh for like software names, it's up there. Um ESTC, I don't know much about the company. Um something like that, you know, from an earnings standpoint, like if you do that on earnings, Yeah. basically what you did was you flushed everybody out and then you just ripped it in the face. in the face. So, what do you do with those? You got to buy here. You got to buy it and you got to use that as your stop, which, you know, it makes it very difficult to put size on. But if you're like a super long-term guy that there, that's how you bottom. Like I had one of these in crowd a long time ago back in the day um on earnings. It was a complete utter reversal. If I can find it might have been a year ago. And uh I did it. It might have been this. Oh, it was when they shut when they shut everybody down and it gaps down and like that's it. Like that's how that's that's like it's kind of like that. Um that's what it was. Remember when they shut everybody down? Like no one could do anything. So that's what it was. Um ESTC. Go back to it. ESTC. Go back to it. Come on. Come on. You got it. You got this, buddy. I mean, one more earnings. So, earnings, that's Thursday. So, that's Thursday night and it pops ahead of it and then they undercut it back to the previous close. Takes you to the 12th and then they just rip it in everybody's face. You might want to make sure it's just not put, you know, put covering that day. But if you get a higher high, which you're already getting, um, yeah, that's probably in play, man. If you look here at those kinds of earnings, they tend to mark a bottom. Now, whether that bottom holds and you get anything out of it, super interesting. Uh, yeah, you really should. Yeah, that's man. I always make calls. Not everything's going to work. I'm just gonna do this real quick. I saw that. That's not great. I'm wondering, is that what he did? What's up, Nina? I'm wondering if that's what he did. Like, is he selling because he's got to pay dividends? Like, what's the reason? There's a reason why he's doing that, right? We just got to find out what it is. If he's doing it because he's got to pay a dividend, that's still not great. Yeah, total up all the open interest. Reflexivity is just killing it right now. I agree. And then everyone's jumping in. I mean, I saw that, dude. Like that that thing's ripping. I mean, I think it's very hard to get in ARM here. I mean, candidly, I bought it last night overnight at like 380 and then I just set a level. I didn't get out of any of it. Like none of it. So, if it goes back to 380, I'll just kick it. Um, they're going to flush it off the open. It looks like the way we're setting up here. Um, but if it goes back to my break even, like I'll just kick it and like reset and come back to it. But I don't want to keep buying it, putting it on, taking it off, putting it on, taking it off. Like, it's going to be a pain today. I can already see that. So, I want to be super careful. You want to be super careful with everything today. Like really careful. Um because when you're bidding up like this, they usually flush. They usually lure retail in, flush them for the first hour, and then go from there. So be careful on that. Imm. And um so like when you're going through all this stuff, you want to just set your levels, you know, and then that's it. I'm gonna have to jump, guys. I I don't know. I don't think I'd be like that aggressive into that right now. I don't think we're crashing, bro. Space. I haven't really covered it. I mean, it's moving because it's got the word space in it. I I don't know that there's any other reason for it to move. If there is, you know, I'll throw it in the room and they'll tell me. I got to jump, guys. I'm super late and I got a ton on. See you guys. Oh, look at that hype liquid thing. That's got legs to it.