Transcription
Good morning, everybody. Give me one second here. Where's the fancy opening? Cool. Fancy music. Oh yeah. Hello, love. Hey, hey, hey. All right. Good morning, everybody. Hold on one second. Let me just flip to this thing. We're not doing the fancy opening. We're just getting to it. All right. Good. Yay. All right. Let's get this here. And, uh, I don't think I have that thing on. I think I need more. I think I kicked it off. Hold on. Give me one second here. It might be what it's called. No, it might be on still. I don't know. Can't even tell anymore.
Um, so you're just bonking all around. Let me clean all this off. Arms down about 12 bucks this morning. It, you know, it is what it is. I mean, these things are going to trade all over the place.
Um, let's get to the ES because I think that this is really important. So, you're going to have a lot of movement around here. Where and oil's down again, huh? Collapsing. And that's telling you everything you need to know about what they think about this market. So, means USO is down again. Not overly surprising, but USO is down again. I was just going to keep dropping now, which is actually really good for the, you know, everybody.
But let's get to the ES. So, you popped up yesterday and now you have this gap. These gaps tend to get filled. Um, obviously, you have a complete bullish engulfing here when you really look at it, which, you know, these do usually signify a change in trend, bullish or bearish. And you can see it like up here and even here. It's a function of how long they last. But nevertheless, when you have something like that, you pay attention to it. But now this gap in here, I think at some point you'll fill that. It's not a lot, but it's there. So, I, I do think that's a, a pickle. We'll call it that. We'll leave it at a pickle. Um, they tend to fill. So whether that's today or tomorrow, you know, on the Fed, I, I don't know. I think a lot of people looking at the Fed realize that that's going to be a pretty wild event. Um, and to take it for what it's worth. So, that's, that's kind of where my head is with that. I don't think there's really much more to say about that. Um, in regards to it, just, you know, we'll pay attention to it. We'll see how it goes.
But, yeah, I, I don't know. I don't know if you're going to have another follow-through day or not. You know, you might if with the way oil's dropping, then the bond market's going to drop, but you have the Fed tomorrow and that's going to be pretty wild. So, I, I don't know how much love we're going to get today. And tomorrow, again, pretty darn wild. So, let's keep that in mind. In regards to everything else, it is what it is.
Um, you have some key levels here. I, I don't really think we have to do much more than this. Like, I don't think we have to go out there and look at the value areas or anything like that. We can do it, but, you know, you have one day, so it's like, okay, you're pretty much at the levels that you thought you were, right? So, like, okay, it's really not that exciting, is it? So, I, and again, I don't think there's much more to it. Like, I don't think going back out to to June, for example, is going to really add that much more. Let's just go to June. I'll show you. Um, really adding that much more to it, you know? So, I, I, I just don't feel that it is.
Um, let's clean that off. But I think most important than anything, if we look at it, you know, you're just kind of boxed in here right now. And I think you have the potential to come back and gap fill. But that's, I don't know that that's a day. Like, I, I, you know, that might take time when you really look at it. Like, I don't know that we're just going to come down 2% today for no reason ahead of the Fed meeting. So, I think if you look at it from that standpoint, we look at this Friday low, you look at what you did on Sunday, you have some range bounds. And as long as you're staying in that range, I really don't see the the impetus here to think that there's much more to to really do with it. You know, that's just kind of where my head is. But I do think that you can come back down here. Um, and that's really how I, you know, how I say it. So, you know, we'll, we'll see how it plays out. But I think most people are going to be more focused on individual names today. Um, I think that's for sure.
I think that if you go out there and take a look at the, you know, the SpaceX, that really seems to be it. Um, they wanted to knock it down for some reason. So, they did. And I'm sure something, you know, something super bad, of course, going into uh the open. And they've been doing a really good job of that off the off the open in my opinion of just scaring the hell out of retail. Um, like, oh, it's going to collapse. You better get out. And then retail goes, oh, I better get out. It's going to collapse. And then they just rip it. And you've been seeing more and more of that. So again, I, I think that it's pretty clear where your levels are. I think if you, if you want to drop the VWAP, you'll see like, all right, I mean, here's your level, and maybe you come down to here, but what is that? 100 points. It's like, who cares? Unless you're trading for 100 points, you know, you're doing stuff like that. But can you gap fill? Yeah, I mean, you could. You certainly could do it tomorrow. You have a lot of stuff here, like a lot of little levels, but you could 100% do that tomorrow, you know, that that's definitely definitely out there. That's for sure.
Um, I just think you got to keep your kind of head on a swivel here and, you know, keep keep the theme is where where my head goes with it. Like, I think if you keep the theme, you're fine. If you get rid of the theme, well, it is what it is. Like, if you start going, oh, well, you know, clearly this theme's over and this was just the last blowoff. I think you, you know, I think then you have issues. The call wall moved up. Put wall, you know, put wall staying where it is. You know, I, I do think that there's a potential gap fill if I got rid of the pre and the post. Um, I think you have to think about it that way and I think that's a great spot for people that are great with that are option traders and I don't, you know, I've traded options for a very long period of time, but >> so and, um, for me looking at these kinds of names, you know, I think you could fill it. I think you'd come back over time, but I, I, I think that's kind of why you want to be a put seller, not a call buyer. You could definitely come into this area and I, and that strategy with the way the the ATRs of these names are, it makes so much more sense. So, but I, I think you could gap fill there. I think you can gap fill here, too. I like, I think that's probably where this is going. Uh, some kind of panic and you get that euphoria after, you know, world peace and now everybody wants to see the document because there are geopolitical experts on, you know, documents between nations. Okay. So, or you could just look at what oil's doing, which is collapsing, and that's pretty much telling you what everybody thinks is going to happen. The biggest thing for me is getting through that control bar, which I think you're going to. And when that happens, you're just going to see oil plummet. And you can kind of see the pattern and the process that's going on here right now, right? So, as long as that's what we have going on, um, it is what it is. So, and, um, you know, we'll see what else is of interest. SpaceX, you're getting options today and that'll be fun. They're they're really screwing this chart up. Um, you know, I was looking at this like they they got rid of the one day for whatever that Friday is not there anymore. It's like, okay, but it's there on a 4-hour chart and it's there on the hourly. So, these are all the levels I marked off earlier today. Um, it's kind of how I see the the whole thing. If I go and put the pre and the post in, which I think you have to because of the exposure to it at this particular time. But, you know, unless you break that open, I don't think you're really going anywhere. I think you're just going to bunk around. But, you're probably going to have more dampened moves today. Like, I, I think that's where this is going, that the moves that you're going to deal with are probably going to be a little, you know, a little damper uh because of everything out there. So, that's kind of where my head is with it, but, you know, we'll see. I don't know again that there's a whole heck of a lot that I have to um to do with it. I started trading it last night at around like 334.
Um, what else did I see that was interesting? Tesla. And I, I don't think I got into this. I might have gotten into it on last night's video, but, you know, if you watch what happened with Tesla, um, yesterday, you know, all of a sudden they had to get out of it. And I thought that was super interesting and they all started buying SpaceX at the same time. So, it makes me think that they're not going to have that merger as fast as I thought. Uh, what else is going on? Micron's breaking out. Uh, it certainly be a shock. Um, you know, SanDisk will follow. That's probably not a shock. You know, these things are going to bounce around, guys. They're they're massive names now, and massive amounts of money are flowing into them. So, you're going to see like really big moves in that stuff.
Um, give me one sec here, and then we'll get to this. So, yeah, I'm just trying to see if there's something here. Okay. No, there really isn't. Um, yeah. I mean, I, I think that these kinds of names are setting up to actually push a lot higher than people think, but I don't know, you have to rush into it. Like, I, I think you can just kind of relax a little bit here, you know? I think you're going to, especially off the open, I think they're just going to, you know, let this all settle in and go from there. I don't think you have to like rush into anything. I do really like semiconductors here. Um, what else are you guys going to ask about? You're probably going to ask about Western Digital. And so, we might as well do that. Come on, buddy. Get it together. There it is. Uh, Western Digital, which obviously looks fantastic. And now we're going to jump up another $40 because why not? Um, you know, you saw the upgrade yesterday, you came down to the 22, and then that was pretty much it. And since then, now you're up $200 or 28%. I mean, these these bounces off these levels are just it's just crazy how fast it happens. You don't even have time to build positions. Uh, and so you'll see something very similar with STX. You know, STX broke out down here. What at what? Gosh, I mean, it's crazy. Where'd you break out at? Right around that 500 level and now you're you have a double in like three months and, you know, even if you're around these levels and you're like trimming it, it's just kind of nuts how it, you know, how it's played out. Um, it's done exceptional, really has, and you can see that and how it's acting. So, yeah, I mean, I'm not really chasing this stuff. I just wait for it to come back down and then I try to buy it and get involved. But and those names are on fire and I, I don't see it stopping. Like, I, I really don't see any of this stopping and I don't know the reason why people think it's just going to magically stop for them. But, um, you know, when this starts to happen, you just kind of have to stay with it or get out of the way. But trying to pretend that it's not going to happen, that's a fool's errand.
Bros. Yeah. Um, let's do Bros. We covered the majority of the other stuff. So, you got to that level and you rejected, John. I don't know that I'd be doing a lot there, buddy. It's up to you obviously, but I just don't I don't see that I don't see that as the name that I have to, you know, get involved with or or do anything with. Um, I just don't say it that way. The other names I'm trading in and out. I'll be in and out of them all day. I can already say it. And I expect volatility to say the least. I, I expect a lot of volatility.
Um, come on from you. What's up, Kev? Um, I, you know, I think the industrial space is super interesting now that oil's dropping. Uh, I just, I don't know, you have to be in a hurry there. I mean, could you get back to this level? Well, 100%. If we go and take a look at that right across the board. Let's just go and take a look at BA. Um, you know, your call wall is 230. I don't know that you're just going to blow out of that anytime soon, but yeah, I, I it's definitely there. It's certainly, you know, it's certainly something that I'm paying attention to, but, you know, I don't know that you're just going to blow, you know, blow out of that uh right away. Um, but I think you're kind of range-bound for now. So, if you look at, it just keeps failing in that area. I, I'm just not really feeling that trade. You know, if I, I actually think that this actually shaped up a lot better, a lot faster. Um, even yesterday, like you came right back down to that kind of gap, you know, you shook off all you shook off the Leopold news. You worked it back down and then from there you can just kind of see it's just acting so much better this name than I, uh, maybe it's got more institutional support. I, you know, I would actually think it does. Um, you kind of need to settle in here. You're starting to, but you kind of need to settle in. You're starting to, but, you know, out of all those, I think the the Google is super interesting because you held a key level in here. So, if it ever pulled back like yesterday, if it ever pulls back to like 53 or something like that, um, yeah, you might want to look at it. I probably will look at it if it like let's say it goes down $10 today or something. I, I'd probably look at that and getting involved with it and see what I could do with it. That might be appealing. Um, do I feel like I have to, you know, rush into it? No, not particularly. But I think out of all those names, Google makes the most sense. I mean, you filled perfectly. You have a, you know, you have a put wall down in here somewhere. I don't know where they moved it to. Let me see if I can find it real quick. Um, 360. So, you, you have a lot going for you in this area. Like a lot in this area. So, you have a lot of different supports. I'm not saying you can't break them, but if you come into this area at all, you have a lot of support. So, if I can get down into that, I mean, there's probably even areas here where what's that 64? Is that really the low of that whole trade? Well, you couldn't even make 64 yesterday. You couldn't even gap fill. So, yeah, I mean, that would definitely be the one that would be of interest to me. Out of the three that you mentioned, and it looks to me like eventually this is all going to start turning. Probably within it like first couple hours of the day, green's going to be back on top as long as you stay above like 364, which is what you want. You know, red on top means stop. Green means go. I'm not the smartest bulb, so I color code them. Tired. I don't know why the helmets are tired.
Um, so, yeah, I like this trade. Got a good night's sleep, too. I thought I did. What else you got, Diane? Google. Um, silver. I'm probably the like the worst person to ask about silver. If I ever tell you like go long silver, um, run away screaming. Like, I'm like probably the worst with this trade. Um, I think I literally stopped AGQ um, from going higher, but like, my read on silver is just absolutely awful. Um, I, I don't really, I don't really have any feel on it at all. I mean, if you were to look at it, you would you would look at it and say, "All right, well, we came down and you don't even have a divergence." Like, you don't really have anything here that's telling you that you have to rush into this. So, everyone's all giddy for it, but down that control bar. You, you tried to stay above for some time, rallied up, has an H. The H failed here, you get above it, got back up to what? Lower high, and you're rolling over again. I, I'm not really feeling that trade. You know, you should have bounced in here and you fell apart. So, I'm not really feeling like, oh boy, I really got to get involved there. Um, so I'm just seeing what what hit on the news cycle. So, I'm just not really feeling that. And I think that you're going to have, I want to say this what's on my mind because I'll forget. You know, I think you're gonna have a lot of volatility today because you're going to have a lot of people um out there that SpaceX just bought somebody. I thought they bought Cursor a while ago. Maybe it just closed. Anyway, I think that you have to look at this and say to yourself, what's going to be your driver of silver? Like, what's going to be the real big driver there? Like, what's going to get that going? I know someone that trades this technically and they do an excellent job of it and they're watching it. Um, and I would probably pay more attention to them than me. Because I don't think I tra I actually don't think I trade anything worse. And I know like I'm putting it out there in the universe by saying this, but I'm just absolute ass with trading silver for lack of a better term. Like, I'm just a disaster at it. So, uh, it is what it is. But let's get to it here. Uh, what else you got for me? Anything but silver. You can see I can't let it go. Diana, no. Diana, you're killing me with these ideas. Google, Diana. Think about Google. When you think about silver, think about Google. When you think about shop, think about Google. But you should do what you're comfortable with. Good morning from the mountains. Good morning from the humid, aid Miami where it's 96 and the humidity is so thick, can't breathe. It's pretty brutal today. I'm not going to lie.
Thoughts on Marvel. So, I think the move with Marvel was really strong yesterday and I think you're coming right back down to a call wall and then I think you're going to have to watch how these act at a call wall. The best thing they could have done today for you was pull back. This is exactly what you want. What you want? Beasty Boys, anybody? Buler. Um, but that's really where my head is with this stuff. Like the these to me are gifts. Like come on down. Oh no, I got to get in. I got to get in yesterday. No, no, no. Come on. Come on down. Like everybody's out of position. Then today they're supposed to panic. Come on. Stop it. Stop. So, yeah, I mean, I get it, but I do think that you can do some back filling here. And I think it's very, very healthy that you do. And that's even from somebody that really doesn't want it to happen because I own a ton of DRAM names. But 100% could happen.
Um, TSM I think looks really good. I think EWT looks even better. But I think that these are just no-brainers. Like I honestly I just think they're just such no-brainer trades. TV. I don't know anything about um What's up, Jacob? Greetings from Japan. You must live there. You're always in there. I don't know enough about it, buddy. I really don't. I know they make engines. I know everyone was giddy with this thing at like three bucks um with the engines they were making and how it was helping out with data centers and everything else and cooling agents, but I, I don't know enough to talk about it intelligently. Clearly, you get over that 20s, what everybody's looking for, and you can see what they're doing with it. I mean, you can see it. It's like watching music, right? But like, you can see how like here's your low, higher low, higher low, right? High, low, high. I mean, you can see what they're doing. So, you're going through a period of consolidation. You've been going through it for ever. It's literally like looking at freaking music. Right. So, I mean, I don't know. I'm not feeling it. I'm not saying you're wrong. I'm just not feeling it. That looks awesome. Wisdom Tree Emerging Markets High Dividend Fund. What am I getting paid? 23 cents. What am I going to do with that? What's that? Dividend for ants. What's going on over here? Then you get your year-end dividend, too. Um, I don't know. I'm going to get 23 cents here. Why would I do this? Why would I do that to myself? Why wouldn't I just do this? JPI, JP Morgan Premium Premium Equity Fund. Like, I would just do this one or JPQ. This one's tied to the NASDAQ, one's tied to the S&P. Just buy both. Like, well, you should do what you're comfortable with, but like these things throw off like 30 cents a month, 35 cents a month. They basically what they do is they take the S&P and they sell calls against it. It's a covered call strategy and it's just like you just throw them out there. I forget what the annual yield is on these. Hold on, I'll tell you, Jacob. But like that makes more sense to me. But I maybe you want maybe you want um exposure to, you know, that kind of yield. But if you could just go back. Yeah, that's why I clicked it. Duh. NAB 5637. So you're at NAB. Let me just see if I could just find the 30-day since I'm I said, you know, in for a penny, in for a pound. I did it. So here we go. Uh, dividend growth. It's been negative, but that's going to be what the market's going to do with this. Uh, max return. And you're saying max return, but can you just give me the 30-day? Uh, it looks like it's 778. Let me see if I can find a better number. Yeah, let's use this one. I think it's a better way of doing it. The 12-month yield is 8% is what is paid out 12 months just in yield. So you're gonna like it's obviously going to fluctuate because they're doing covered call writing, but you're getting like 8% and I just think it's silly to just like Jamie Diamond's not going to blow up these funds. So basically you got a bunch of guys that are just selling stuff that's JPI and JPQ is like what is that one doing? Work with me man, not against me. 10% is the 12-month yield. I mean, you have massive volatility, right? Like very different. But if you're looking for like yield, I don't know, man. I'd look in these things. I'd look at these. I think they make a ton of sense, dude. And then you're you you're not even doing anything. You're just like instead of you going out there and writing covered calls all the time, you pay them their expense fee, whatever. Let them deal with it and the spreads. You pay them the expense fee and the spreads. You deal with it and you just get the income, you know. I mean, you got to get over, right? Like I guess that's what you're thinking. I like these names. They have to come in.
Marvel to have a pullback on Marvel, dude. It's like, oh my gosh, no, you came back to the level you were at yesterday. Like, everybody needs to kind of everybody needs to kind of relax a little bit. Um, I'm just watching market, see what it's doing. But I, I don't know, man. I don't see an issue here yet. I know they dropped to levels not seen since yesterday at 3:00. It was scary, but we got through it together, Allan. We got through it together and that's what matters. Teamwork. CRS. God, I'm funny. Um, I don't know what they do. I would like to see more volume, but you just been on a tear. I can't really handle a lot there. Uh, the RXT is super interesting. And then you have that conference. What I'm waiting for is that conference to end. And they're probably going to do a secondary tonight, right? But that that's a pretty big deal and and it might be make sense for me to start looking at this thing. Um, and I find it interesting that AMD feels the need to align with them. So I, I like that. That makes me happy. So, you know, go from there. Hello. Yeah. I mean, and then someday we're gonna see like like we're gonna see this document and there's tons of room with this document apparently and whatever. Lynn, I don't know. It's it's a mess. It's just a mess. What's up, Lynn? Been a while. Um, I, I, I mean, it seems to me like that's like the easiest trade in the world. Um, I haven't really done it yet and I don't really know why what I'm waiting for.
Larry, I am in no mood this morning. I swear to God. When I get more sleep, I think it's worse. Uh, maybe not enough meat on the bone. I, there's enough meat there. Gold looks great. Yeah, I think the DXYZ should come in a lot. I started a short there and I just closed it and now I'm know I'm going to regret it, but I'm going to start it again today. Um, I can already tell I'm going to start it again today because now I have a Dogee Dogee. I get to play with that, which will be nice. Um, I can just use that as a guide. And, you know, I, I, I do I think that you're gonna trade your way down. Um, I think you're going to trade your way down back to like 20 bucks. Like, there's no reason for it to trade at a premium anymore except people are short it. They're going to squeeze us and play with us. But other than that, like for what reason is this thing, you know, doing anything like it doesn't make any sense. So that's kind of where my head is with it.
Um, hood looks fantastic. You guys are killing it. You have the option guys out there were I was telling people in the room that were trading it like three days ago. These guys were all over it, man. Like slaughtering at buying calls. Like massive amounts of calls in the market, just firing in over and over again. It was crazy. Um, you know, we'll see this Intel news. No one's brought it up on this report, but, you know, I don't know. I think it's interesting that people are doing that with it. Uh, ARM, you're back to that 400 level. I'm just going through this real quick. Value stocks. So that's why you want to do it. Okay, that makes sense. Uh, is it Oh my gosh, it's down 90 cents. Jesus. Wow. I don't know. I'll try to I'll try to control myself. Since I met you, you since you once mentioned we're doing well, it shows weakness since what you did see in the chart now, please. Thank you. Um, I, we had a pretty good trade in this thing. I mean, it it went up. We trimmed some. Still have some. I mean, things don't go straight straight up, guys. There seems to be some delusion to that. It actually, the delusion scares me lately when I've start hearing stuff like that. Like, why isn't it just going straight up? That's not how any of this works. So, you know, you you rally up, you backfill, you rally up, you backfill. Um, this thing has gone from $3 at one point one night, I think it was 13 bucks. It's no different than like Noia going to breaking out at seven going to 17. And then people like, why isn't it why isn't it still going up? Like market goes up and down, you know? Is that what it is? That's what's happening there.
So, all right, guys. I got a job. Trade to win. Make good choices.