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SMALL CAP INVESTING
Recorded: April 28, 2025 Duration: 1:16:27Space Recording
Full Transcription
Music Good afternoon, everyone.
Happy Monday.
I guess it's afternoon for most people,
depending where you're at, of course, across the US, across the world, wherever you are at.
Good morning, good evening, good night. Hope you're doing well. Happy Monday.
I'm excited for this show. This show has had some amazing, amazing thoughts.
We're talking big term thoughts all the way down to some individual picks that
have been absolutely fantastic hopefully everyone can hear me okay uh you never know it's been a
little bit laggy today ben how are you my friend okay how you doing today's a little bit tough uh
got a little bit caught on the wrong side of things in terms of short term. I thought today would be a little bit of continuation in the market to the 50-day moving average.
So very short term, making some mistakes here, but overall hanging in there pretty good.
And I think we'll have a couple good ideas for you in terms of more intermediate term swing trades on small caps.
Awesome. Yeah, I'm ready to jump into it a little bit. Market
is down a little bit, about a percent down across tech. Broader market S&P down 0.73. Small caps,
not as bad if you want to look at the IWM. I usually want to come to the IWM. I usually look
more granular. What's KRE doing in some of the different sectors there instead of just the
entire broad index? But either way, a little bit of red out there. We did go up for four days in a row,
essentially, and pretty large movements to the upside for four days in a row. So a little bit
of a cool off here in the market. And we'll see. Is this dip buyable? I'm interested to hear
everyone's thoughts around that. Let's go ahead and kick it off with some market sentiment here
on the Small Cap Show,
as we do each and every Monday at 1 Eastern here on Wolf Financial. And we do have the crew up here
on stage. We'll start with my co-host, Ben, over at Story Trading. Ben, I would like to hear kind
of your broader market thoughts, updated thoughts, I guess, because we do share these each and every
week. See where you're at, what you're thinking. Obviously, we're in a much different place. If you look at your chart from last Monday,
we were trending down and heading down. We did recover very late in that session after the space,
but we've moved up a lot since that space happened last Monday. I mean, almost a 9%,
10% move across QQQ, about a 7% move across the S&P.
So I'm interested to hear, what are your updated thoughts? What are you seeing out there?
Market sentiment, Ben, kick us off. Great. Okay. So I think the catalyst for the
current move, which I'm kind of just calling a reversion to the mean, just like an oversold pop.
So, you know, on the QQQ spy, the 50 or 200-day moving average,
how far I thought it could take, because hopefully it's not over, it might be, though.
The catalyst for that, for me, was Wednesday evening,
when Trump completely reversed his soft tone 24 hours earlier.
And he got, again, pretty hawkish on tariffs, basically reversed everything he said.
But the market stopped going down.
On Wednesday, the market was up on softer Trump tone, was up significantly.
And then it didn't reverse, even though Trump reversed.
And we had a triple bottom on the 20-day moving average on QQQ. That third
bottom was in after hours right after the Trump comments. And, you know, that's a telltale sign
when you stop going down on bad news, it's, you know, you could say it's priced in. So,
you know, based on that, I had predicted and with some additional insights from my colleague,
the Godfather, kind of predicted a strong close to the week, which worked out pretty much as expected.
You know, I think from a longer term perspective, probably have very similar thoughts as The Godfather, because he shared his thoughts in a note in our Discord, which closely matches what I'm thinking.
But, you know, I think what we have seen is, you know, there is a Trump put there
in the market. Now, I don't think he vacillates a lot. We don't know exactly where it's going to be.
But I think that Trump put raises the odds of holding the long term bull line, which is the
200 week moving average, probably, you know, on I don't know about IWM, but on SPY QQQ,
that 200-week moving average to me is the long-term bull line.
It's around 460.
It's a ways down from here.
So, you know, at the very minimum, I think the downside has become more limited,
I think, is that the market's seeing that Trump put is there.
And maybe you can say, maybe we can move up that support line. I see support here on SPY at 481,
482. All right. So maybe we can say that's kind of hopefully the worst situation maybe as we go
through this earnings season. But it's really way too early to tell. You know, we don't know
what's going to transpire. We got to keep on top of things in terms of economic data and earnings and more tariff news. So this
whole thing could take a couple quarters to play out. So I don't think we're out of the woods at
all. I enjoyed this bounce here, but I do view it as kind of a reversion to the mean. I think that
200-day moving average on SPY and QQQ will be kind of
the max we can go on this current bounce up. So that's my take on that. And today's a little bit
difficult. I did think we'd have a little bit of an extension today, but that's fine. We can't win
every single day. But I think I'm going think, you know, I'm going to continue
what I'm doing when it comes to small caps. You know, I look at the SPY and the QQQ to give me
a kind of signal of how aggressive I can be on the small caps. You know, what percent of my account
is invested? What is my time frame, right? My kind of holding tight with swing time frames of,
what is my timeframe, right?
My kind of holding tight with swing timeframes of, you know, days to months,
or am I just in and out rapidly?
So, you know, I don't know.
I'm a little bit more comfortable now, to tell you the truth,
based on all the analysis I gave, that that, you know,
really bad scenario might be off the table.
And that makes me kind of a little more, going to be a little more aggressive
and feel a little more confident about
holding positions in a swing timeframe when it comes to small caps and small cap catalysts.
Appreciate you kicking us off there, Ben. I will say, if you do enjoy the small cap show,
go ahead and hit that purple pill down at the bottom. Drop us a comment,
like this, maybe share it out for others to join us here.
This has been an absolutely crazy crew in here
calling out the market sentiment side of things
that have been on point,
as well as some just absolute bangers
of ideas that have been given here.
So if you will, take a moment of your time,
support us a little bit, support the crew up here.
Make sure you follow these speakers, of course, as well.
But give a like and a retweet if you enjoy this. Let others find us over here.
Money Mark coming over to you next for Market Cinnamon. Yeah, man. I mean, look, you got to
keep with what we're seeing out there right now. And I'm going to deviate from Ben a little bit.
So it's not kumbaya this week. Yeah, he's backing off on the tariffs. But why is the
question? And I keep coming back to this again, get your pens and notebooks out if you haven't
heard this before. But Trump has basically four pillars that he's going after. He wants to bring
manufacturing back to the United States using tariffs as a lever. He wants to cut government debt using Doge as a lever. He
wants to refinance the massive amount of debt that is coming due this year, partly because it's five
years since COVID and he wants interest rates low to refinance that debt. And he wants a strong
dollar and tame inflation. So those are the four tenets. When one of those gets in the way
of the others, he has to back off. And that's what's happened. When the tariffs went up,
you started to see interest rates actually go up. Why? Because all these governments and
investors from around the world started selling U.S. bonds, started selling the Magnificent Seven,
started saying, F the United States, we're selling all of our investments there.
And what do you get back for U.S. investments when you sell them? You get U.S. dollars.
So a couple of things happen here. You get those U.S. dollars and you're a Russian or you're Chinese
or you're Portuguese or whatever, you convert that to your
currency. In other words, you sell the dollar. So there goes Trump's strong dollar. The dollar
started getting weak. Look on the charts. UUP, you'll see it. A plummeting of the US dollar
occurred. You sell bonds. What happens when you sell bonds? The interest rate goes up.
That's one of the four pillars. So the strong dollar pillar was getting damaged. The interest rate pillar was getting damaged by the tariffs. So he said, whoa, two of my four pillars are getting hurt by one. Let me back off. That's a signal to the people on the other side of the negotiations, i.e. China, that, oh, Trump can't go full bore on this because it's going to hurt some of his other pillars.
Now, does that mean that we're out of the woods?
Well, yeah, a little bit when it comes to the tariffs, but not to the after effects.
And I keep coming back to this.
We don't know how this is going to play out. And if you're the CEO and CFO of a company, I actually just had a colleague here, a multi-decade, retired, multi-millionaire with Wall Street experience.
And we just had that talk.
And we're like, all the CEOs and all the CFOs we've spoken to on our careers, what would any good one do under this circumstance?
Wait for the smoke to clear,
wait for surety in terms of what's going to happen. And without that, you freeze hiring,
you freeze CapEx, you freeze projects, you freeze things altogether. And what you're seeing is that
happening and that slows down the economy. So even though the tariff wars have slowed down,
So even though the tariff wars have slowed down, now we have to worry about the next problem, which is recession.
So as far as that goes, we remain in yellow alert.
And if you look in the jumbotron of this spaces, I've put the latest look at the short-term Russell 2000 channel in there.
And this has been a great guide so far. At some point,
that channel may break being a guide, but for now, I don't see any reason to think that it
shouldn't continue to be one. If you look at the S&P 500, last thing I'll say is we've got S&P 500
earnings for 2024 of approximately 250, which means right now we're trading at about 22 times
last year's earnings. And of course, people are expecting higher earnings in 2025. Well,
not so fast. We'll get higher earnings if the economy is rolling right along. If it's not
rolling right along, maybe we're flat. And if we go into recession, well, in a recession, S&P earnings dropped 20 or 30%.
So let's stick with the middle scenario, flat earnings in 2025.
That's 250.
And in a flat scenario, you're not going to get a 22 PE on that.
You might get something closer to 15.
And a 15 PE on 250 bucks is 3750 on the S&P 500, which by the way, is about 30% down from here.
We are not going 30% up from here, but there's a really good chance we go down 30%.
So why would you want to take that chance in an environment where CFOs and CEOs don't want to move forward on things?
In an environment where if you look at all the soft data that's going on,
consumer confidence is plummeting,
docks are empty.
If you look LA, there was another one that I saw.
Activity is slowed.
We might be in a recession right now.
Don't want to take that chance.
We're in yellow alert.
We'll come back with stock picks on how to stay safe in this environment
until things clear up and we get back to a green alert.
Boy, I know a lot of us are sitting at that stoplight right now waiting for you to give us
that green light. That would be amazing, but we definitely need to see something. Moneymark,
to your point there, let me ask you one question back before we go further around the panel here.
The news fatigue as well.
I mean, how do you make anything out of this?
We have zero deals on the table at this point that we know of.
And then we're having this first-grade recess thing of like, yes, you did.
No, you didn't.
Yes, you did.
No, you didn't.
From Chomping China right now.
I mean, is the market just getting sick of hearing news at this point?
Because it seems like we're getting lesser and lesser reactions.
Yeah, right. And this is where we're going to see. And you're 100 percent right.
And we are going to start seeing a transition from, you know, tariff news fatigue to recession news ramp up. And that's where the next leg of this downtrend could
come from and probably at this moment, probably going to come from. That can change. We'll keep
an eye on things. But right now, the probabilities are we go down from here. Now, one thing to do,
this is why I start this conversation every week with that framework, paying attention to the four pillars of what Trump wants.
Manufacturing in the U.S., cutting the debt, refinancing the debt, and a strong dollar, because that's easy for you to keep an eye on.
The news headlines, man, those are meant to bounce you around.
So who's telling the truth?
Is Trump having good talks with China or is Xi right in saying that we've had no talks with the United States?
It doesn't matter because all you have to watch are the four pillars of what Trump wants and seeing what's happening there.
And you'll know the truth of what he's going to have to do.
OK, so that's really where you want to stay focused on this.
focused on this. And beyond that, again, with the recession looming as a high potential,
you just want to be very defensive right now. Great, great thoughts. Go ahead, Ben.
Yeah, let me jump in. I just want to say, I don't think we disagree too much. I guess you did say
that for a little bit. But, you know, I totally agree with most of that. And especially with this is a good place. Again, I thought it would be a little more
extended, just the technical balance. But I guess the only place we differ is I'm not, look, there's
still a lot of room to the downside in the targets I gave with SPY. And for me, I'm not willing to
envision or make a prediction
what's going to happen six months in the future.
You know, I'm not saying
I think it's premature to say there will
be a, you know how many times in
my career I've heard, you know,
there's going to be a recession. It's definitely
happening and it never,
90% of the time it never comes.
Especially 22. What's that?
Especially 22. Yeah, that? Especially 22.
Yeah, exactly.
So, you know, I'm not ready to throw in the towel and say, oh, yeah, SPY's going down 30%.
I still think, you know, let's see what happens at the support levels.
You know, tactically, it means the same thing.
You know, both of us are saying it's a good time to raise cash, maybe have hedge.
There's still a lot of downside room, even to those bullish support lines on SPY. So yeah, I'm just not willing to take that jump to say we're going to break those
bullish support lines. No, absolutely. And hey, at the end of the day, us agreeing on everything,
it doesn't make for good TV. I do like that it's not always an echo chamber. Even when
a lot of different great minds line up.
It's a beautiful thing, right?
When you have confluence from different areas.
But it also is good not to have an echo chamber, to have some open discussion and debate here.
So I love that.
I love that back and forth there.
I think it's very important.
Yeah, no, and we do agree on most things.
I definitely came into today a little more short because we hit the top of the channel.
He expected a little bit more follow through. I mean, which one of us has got to know which
way it was going to play out, you know? Yeah. And it almost kind of gave us both
there for a second, that opening charge that just sold off. So very interesting day in the market.
Let's continue around here. Kyle, let's go over to you next and get your thoughts around the market.
Yeah. I actually wanted to speak a little bit more about the shipping part that Money Mark was bringing up.
It's one third as less going to the port of Los Angeles in the next week.
And when you look at the container bookings from China alone, it's a 45% drop.
So here's kind of the way I view it, right? Like if we don't necessarily change course
and we don't necessarily see tariff deals in the near future, this is going to lead to
some disruption, right? The first part of it is, you know, the ports are going to be having less
volume hit them, which is then going to lead to logistic nightmare. The carriers are
going to start potentially laying off workers. It's going to hit the retail. It's going to hit
the shelves. I think the impact that we could see could actually be coming pretty quick.
I mean, hopefully in the near term, the tariff deals do come. But I don't know, like I don't want to be too negative.
But like when you see things like like ship containers are down 45 percent from our biggest trading partner, that is that is pretty negative.
So I think going forward, I would be very cautious.
Right. Like I do think that there are individual names that should do well,
but I would be very careful deploying a lot of cash here thinking that, you know, the market's
going to continue the way it has. And I think the S&P is almost up 5% in the last week, but
I don't know. I would, I would be very careful and we can talk about the technicals and the levels
that the S&P and the Russell are going to hold. But
the reality is, if we see that the shelves go empty and we see the layoffs happen, we could
very easily break through those trend lines. So I'm just really cautious. I have about 50% cash.
I'm waiting to deploy some of it. I'm in very specific names that I think are not necessarily super exposed to tariffs.
And I'm happy to talk about those later.
But I don't know.
I saw those headlines this morning.
And when you see a 45% drop at the ports, it's going to start hitting the other parts
of the economy pretty soon.
Yeah, and not to mention the complete fall off a cliff in terms of tourism into the United States. I mean, the airlines are already telling you, you know, one of the airline CEOs last week said, hey, I don't know about U.S. recession, in earnings outlooks since 2020 right now.
The earnings revisions are tremendously and sharply to the downside, as are the new orders.
There's a collapse in new orders in the New York, Philadelphia, Dallas, Richmond, and
Kansas surveys.
It's across the board.
Yeah.
And here's the other thing to bring up.
I've talked about it a few times now, but I mean,
I sell enterprise software in the security and compliance space. So we typically do a little
bit better than other industries that have uncertainty, but my numbers are going down.
The team's numbers are going down. And like, you know, even my friends that are in AEs at other
companies across the industry, I've had conversations with a few of them.
It's getting more difficult to sell.
And this is selling software.
This is not a physical good.
And it really goes back to the uncertainty that these CFOs and these, you know, head of finance that these companies are ultimately seeing is, you know, they don't really know what they can do.
They may like your product, they may see the value, but it really just goes back to like, everyone's starting to
tighten the purse, they don't really know what to predict. So I think a lot of even the commentary
today is like, hey, this is what we think is going to happen, but we don't necessarily know,
right? Like you can play it out. But I would rather just be a little bit defensive,
Like, you can play it out, but I would rather just be a little bit defensive, a little bit more strategic, and not deploy capital too quickly because, I mean, I can see it in software.
And software is not even necessarily directly impacted from the tariffs initially, but I am seeing it today.
Hey, Kyle, great comments.
Hey, Kyle, great comments.
I just said a little bit of a news alert here.
I just said a little bit of a news alert here.
One of our top picks for the day, CLBR, which had a 5% allocation coming into the day, just
popped.
It's up 6%.
In fact, I just added more.
This is a SPAC play.
We've been killing it on some SPACs in our community, especially The Godfather and Ross in our community, all over a couple
SPACs and IPOs that have just been killing it. And we saw some signs that that money could be
flowing into CLBR. And I mean, you know, I guess it's a small gap. It's showing it's 258 million.
But yeah, this morning in our morning, though, I said we could squeeze if we break 1228.
We briefly broke that back below, but I actually added more on this catalyst, Donald Trump Jr.,
giving a little bump to CLBR right now, one of our top picks for the day.
Yeah, that's what I was going to call out.
Donald Trump Jr. just tweeted out in the last three minutes,
big things coming for at Grab A Gun, one of the most exciting pro Second Amendment companies out there.
Stay tuned. CLBR, huge for American patriots who love the Second Amendment.
So that was the tweet that just if you're looking at the chart right now that he just called out CLBR, you're seeing a big pop right there.
That tweet from Don Jr., hot off the wire right now.
Let's keep going around the panel and get the rest of everyone involved here.
Dougie Fresh, let's go to you next and get your market sentiment thoughts.
Yeah, so I think it's a pretty good market.
I mean, it was up in the morning.
I think everybody was a little right today.
It was up in the beginning, and it just obviously pulled back.
I think it did look like it wanted to stay up there this morning,
but I just think it's a little bit crazy right now,
and you obviously have to play, like, really look at the market
and play exactly what's going on at that moment.
You can't really look too far down the road
because it doesn't really tell you a whole lot.
It just switches way too fast, and you have all these earnings coming up
and i don't think they're going to be the best earning reports although tesla like missed by
like 70 and somehow that popped up so i just don't understand earnings completely i don't
mess with the earnings i always trade around them i'm not an earnings trader but i think we're going
to see some decline and pull back on it and And it does. It looks like the market wants to pull back.
And there are a lot of good levels right here on that spy and a lot of, you know, good support levels.
So we'll see how it holds up.
And obviously, I think money market it on the head.
You got to follow what Trump needs to do right now.
He was explaining the four pillars dead on the money with that.
And, yeah, I look at the market each day.
I look at the charts and that's all I base anything off of.
But I also try to factor in what exactly they are trying to accomplish.
And at that moment, at that day, where they're trying to keep the market.
I think it's been a lot better looking at it that way.
And today it did look like it wanted to go up a little bit.
And then obviously it's pulling back, I think, with the earnings.
And I think we are going to see a little pullback here.
And then obviously it'll go back up.
And it's just something that he's using the tariffs to control the market.
And that's why we see no trade deals.
And I don't think any of the trade deals are really going to matter unless we see something with the EU or China, to be completely honest.
Which I think once we see something with that, them two or one of them, we might see a big difference.
But I don't think anything is really going to change.
And I think like you guys were saying, the big overreactions are settling down a little bit.
But I think there will be coming out real soon with more overreactions because I just think that they just keep cranking the market up and down to control what they need to do and just keep it going. I think they're going to try to
keep it out of the recession. I know we were talking about that. Obviously, it pulls back
at any moment. You can start triggering them stop losses and it gets crazy. They started to get down
in that territory and then cranked it up there. So we'll see how much it pulls back with these
earnings. And then we'll see when it hits these support levels.
And like I said, I go day to day.
And I think right now the best opportunities, like you guys were saying,
some of the SPAC plays, yeah, they're great right now.
They've been flying, these shell companies.
I don't know what the heck they do, but they just fly.
And then some of these penny stocks, I had mentioned one the other day,
like two weeks ago, LGMK. And that thing of these penny stocks, I had mentioned one the other day, like two weeks
ago, LGMK, and that thing was up over like 60% today and it's still moving.
So some of these penny stocks in smaller, like real small caps are going to really get
cruising.
They have been, they've been moving well over a hundred percent.
There's definitely opportunities.
You just have to move quick on them and really be paying attention to what the market wants to do each day.
But, yeah, I think keep cash on hand.
I definitely have plenty of that.
And just playing kind of these quick poppers right now are the best opportunity.
So that's what I see at the moment.
Hey, Dougie, that's great.
That's great what you said right there because it's really clear that the investors are stepping aside and taking the safe
four percent money markets are giving but the game players are still playing the game and if you if
you're in that then the poppers are still there to be had um one thing that you also brought up is as
long as this goes on between the u.s and china the thing everybody needs to realize, and this goes beyond headline fatigue, just know
Asians are very long-term thinkers. And Xi knows that President Trump will not be President Trump
four years from now. And don't underestimate the Chinese will to just ride this out for the next few years. And by the way,
they don't have to ride it out for the next four years, right? The next election is three and a
half years away, but the midterm elections are one and a half years away. So all he has to do
is wait about 12 months and then see how much pressure the Republicans are willing to take
when their jobs are on the line. It's i'm an american i'm rooting for america but
as long as they're willing to wait this could get tough no you may hear a hundred percent right and
you said it uh the chinese they can be extremely patient you know that they don't do anything to
keep their markets uh it's very stable and high they've done it forever and yeah it's just a
matter i think trump's gonna have to cave in and honestly pull the trigger with something. And obviously I think he pulled
the bar all the way at the top and started way at the top and he's going to have to come down.
I think he's going to have to, uh, bend a little more than he wanted to initially. But I think
if he wants to get the agenda, like you said, you have to win these midterms. If he doesn't
win the midterms, his, his presidency is useless. He's doing nothing in the agenda, like you said, and you have to win these midterms. If he doesn't win the midterms, his presidency is useless.
He's doing nothing in the last two years, and he doesn't want that to happen.
So I think he's going to have to bend a little bit more than he wanted to.
I think he's just playing the games right now to see how far they can take it.
But I think they have a timeline in mind, and that's why I don't think they're going to really let it get recession down to that he knows they ain't getting out of you getting into that you start triggering them
stop losses on these uh you know on everything and it'll make become a big disaster they're not
they're not climbing out of that in less than a year and a half so they have to be really careful
the few times they got close to it he just tweeted something out what did they do they leaked
something to the wall street journal or something that one morning and the markets popped up every single time it's got
close something's happened to bump it up so i know that they're they definitely have a keen eye on it
and the charts they're they they know what's going on it's just a matter of how much he's willing when
he's willing to cave in and how much so that's what i keep looking at but yeah he's willing to cave in and how much. So that's what I keep looking at. But yeah, he's going to have to do something.
And I think it'll be sooner than later.
I think maybe towards the summertime.
Because again, you got a year and a half left.
And then you got to get this market popping.
So, you know, you don't, it doesn't necessarily happen overnight.
So you got to work out some trade deals and tariffs and this and that and everything else.
And then get everything rolling.
So I think he's got to start bending a little bit pretty soon. some trade deals and tariffs and this and that and everything else and then get everything rolling so
i think he's got to start bending a little bit pretty soon
all right let's keep uh going around here let's uh let's go over to ariel next and then we'll hit
the godfather hey guys all right good good call today so far really appreciate everyone's take
money mark thanks again you know You've been very insightful.
I think one thing that I haven't heard anyone talk about is what's happening this week at 8.30 on Wednesday, which is when you'll see the U.S. Treasury quarterly refunding announcement
take place.
Why am I paying attention to that is because, as we all know, we're looking at what is occurring with QE potentially,
what Trump's been talking about, not having the taxes on folks making less than $200,000.
That's something that my trader buddies, the folks that whip around quite a bit of capital,
are telling me that they're looking at and are a little bit worried just because they don't know what will come out. Because right now that's a good time to have something big
being announced potentially. So I just wanted to put that out there for everyone. I know we're
speaking very macro today, but again, a lot of this macro dictates the micro and that's something
I've been focusing on as well. So that's one thing that I'm being very careful about. Another thing is that we all are
very positive, right? We all want to see the markets do better. We're all trying to find the
right equation that shows why the markets should go higher and whatnot. But then when I go and
what I do for a living, I raise capital, I've got some banking background and all, and I help
companies go public. One of the things that I'm hearing a lot from the CFOs is that everyone's just
lucky if their status quo for this quarter. They don't want to do anything. And more importantly
than not, any company that's needing international trade or have anything that's at customs,
and heaven forbid it's from China, it's staying in
customs. That's what I'm learning too, real time. So why is it staying there? It's not moving. It's
because they don't know what tax rate to put on it. So the custom officials are just keeping the
product there and it's not getting through. So what's happening with GDP for this quarter?
It's not getting through.
So what's happening with GDP for this quarter?
What's happening with output in general?
So it's a huge concern.
And I just have to highlight that just so that when I do trade and when I speak to my
buddies who are big time traders, investors and whatnot, I'm always looking at it very
conservatively, very day to day.
It's very hard for me to take a very
long-term position unless I see something fall out of bed like a Nike or something like that.
And again, I'm not recommending it, but it's a perfect example of it trading below COVID lows,
right? Because of what's happening. So maybe something like that is an interesting look for
me. And then that's a large cap, but now we could deduce it to micro. So this is some of the things,
I just want you guys to see what we're seeing here real time and all the little things.
It is deal. You get deal fatigue, but news fatigue, it is very much tiring to read it every day.
And that's why you see the markets being so volatile, right?
Like, you know, we go up a couple of days. You know, I'm not buying into that rip.
I'm going to be waiting for the dip. So, again, there's a lot of us speaking today. So I just want to just give you a couple of a few things that I'm seeing out there.
Appreciate that input, Ariel. Thanks for being here, as always. And Godfather, let's go over and get your market sentiment thoughts. Then we'll get a little bit more granular.
and get your market sentiment thoughts,
then we'll get a little bit more granular.
Yeah, hey, everybody.
So, look, it continues to be a difficult market to play offense,
especially without any real progress on trade talks.
And, you know, to your point about the fatigue in the market,
I think the biggest fatigue is with Trump's jawboning.
As was pointed out by Ben,
when we did see that big backpedal with respect to taking down the temperature on both China as well as on Powell on the same day. I think it was on Wednesday and we saw a big pop in the market
that sort of carried through to the end of the week.
You know, we're now at an area where risk is elevated again, right? We're back at the key levels that we were on the indices just prior to Liberation Day. So, you know, if you look at
the beginning of April, you know, we were right around this 5500 level. And then in four days,
we collapsed all the way down to 4800. And then, you know, in this last And then in four days, we collapsed all the way down to 4,800. And then
in this last week, in four sessions, we climbed 700 points to get all the way back up to 5,500.
So we really need a big push. I would say that this is, I think what Ben was talking about when
he mentioned reversion to mean, we're right back up there again. We're going to need a big push from somewhere with respect to sentiment in this market and real buying to get into that zone that takes us on levels on the indexes, on the indices, prior to this whole tariff announcement.
tariff announcement. Today is a nothing day. We're seeing digestion from this four-day run.
That's kind of not surprising. We don't really start seeing the meat of the economic data until
we get jolts and consumer confidence tomorrow morning. We don't really see the beginning of
the earnings data until Wednesday with Meta and Microsoft, and then, of course, on Thursday
with Apple and Amazon. So, you know, until then, we're, you know, we're kind of going nowhere fast.
I would say that there are some green shoots in the market, but unfortunately, I think that they
apply, you know, a lot more towards the large cap names than they do with respect to the small cap names.
Let me just touch on, before I get into that, let me just touch on this whole China thing and
who's likely to blink first and all the rest of it. I think some good points were made by
Moneymark and also by Kyle. Look, everybody thinks that China is an export-reliant economy.
It's a $14 to $15 trillion economy.
Only $4 trillion of it is now exports, okay?
This is less than 30%.
And of that $4 trillion in exports, only about a half a trillion go to the U.S.
So we're talking about 15%, 1-5% of the overall Chinese economy. So,
you know, put that in your blender along with the comments with respect to Asian timelines and so on.
And I think they're right. You know, we've already seen Trump blink with respect to,
you know, trying to jawbone markets higher and trying to convince people that there is traction with
respect to talks to China and all the rest of it. Obviously, the 90 day pause. And I think you're
going to see more of it because I think his advisors and when he gets Walmart and Target
and so on coming to the White House, he's hearing from them what, you know, again, Kyle was saying, and these are
the realities on the ground. You know, if the current levels of tariffs continue, we are,
without question, going to see a massive, sharp slowdown. And I think it's happening right now,
certainly with the data that's coming in on the ports and all the rest of them, well, 100% are going to go
into a recession. And, you know, when you've got 70% of Americans afraid of losing their jobs,
the economy is on exceptionally fragile ground, right? You've got tourism falling off a map
because people are anti-American. You've got, you know, the doge firings that are just working
their way through the economy. These are some of the best paying jobs in the entire economy. You've got, you know, 80% of U.S. employment is
reliant on small to medium businesses. And, you know, smaller businesses are in the absolute worst
position to weather trade disruptions. They don't have the capital to absorb the upfront payments required to pay for the increases in goods that are being imported.
So this consumer confidence that we're going to see starting tomorrow, I think, is going to be a real tell.
to be a real tell. We've seen, obviously, economic weakness in all of the soft data.
We've seen, obviously, economic weakness in all of the soft data.
It's just a question of when, not if it starts to show up in the hard data. And, you know,
obviously, you've got that many Americans afraid of losing their jobs. What's going to happen?
You know, consumer spending is going to get curtailed. You see softening in the job markets.
You see, you know, inflation. It's not a recipe for economic growth, and it's certainly not a recipe
for small cap companies. So where do I see the green shoots? It comes down to positioning,
right? Going into the tariffs, the cash balances on the long only funds, for the most part, were at levels we hadn't seen for a long, long time, down to like, you know, 1%, 1.5%.
You know, everyone was double downing on this U.S. exceptionalism trade.
And it wasn't just the, you know, domestic funds.
It was foreigners as well, because it was the only game in town.
And, you know, we saw that delivering start obviously with the hedge funds. Uh, we started seeing them shorting
through ETFs. We saw the long only guys basically sit there, you know, paralyzed to wait and see
what happened when the tariff announcement came out. And when it came out, um, you know,
they quickly started to, um, sell. They had to sell because A, they were overweight. They had
to raise cash for redemptions. And you saw this and you saw the foreigners follow in.
Some 60 billion worth of US stocks have been sold since the beginning of March.
And you saw it across the board, not just in US equities. You saw it in the weakness in the US
dollar. You saw it in the bonds with rates ratcheting up and all the rest of it.
The good news is that supply, which, you know, again, it's focused in areas where people can actually, you know, get out.
So the run came to, you know, places where A, there's a lot of liquidity and B, where most of the market gains were.
And so that's mega cap tech and banks sort of took the brunt of that.
That persistent selling seems to have dried up a little bit.
We even started to see in the latter half of last week, you know, some short cover bids come in and what looked like, you know, even some constructive long only buying.
So, again, this is big cap focused. And,
you know, we could see, like we saw a great number out of Google, indicating that there's
75 billion in capex for the all important AI, you know, market leadership theme was intact.
If we see this again from Amazon, if we see this again from Apple, we see this from
Meta and Microsoft,
this is what we need to take the market up through these levels beyond where we were from Liberation Day,
which is essentially where we're sitting today.
And without that or without real tangible progress, not Trump drawboding, but tangible progress on trade,
I just don't see it happening. So
that's where we're at. We need a sentiment boost here or a continuation of, you know,
kind of what we saw the latter half of last week. Every time you get an earnings report and it's
better than expected, you're seeing relatively muted, you know, rewards.
But if you're in any way off, these things are being taken out to the woodshed. So people are
cautious and I think for good reason. And again, this is a really, really hard environment for small caps. I mean, if large cap companies that are, you know, even just meeting expectations and are getting sold off.
Well, it's hard for small cap companies to get rewarded in this kind of market.
So and, you know, the last thing I'll mention is we've got a material corporate repurchase window that's reopened again as of
Friday. So there's some, you know, a trillion dollars worth of corporate buybacks in terms of
authorizations. And 20% of that typically opens, you know, in this window through and into May.
But again, this is large cap focused. We've also got pension
rebalances in this upcoming week of like 15 billion. Again, that's large cap focused. So
we could see another move up over and I think 5670, 5650, that's sort of the key area on the S&P.
Again, if we get this from the heavyweights in big cap tech, which of course
have large weightings in the indices. But again, this doesn't really change anything for
the small cap names. So yeah, when I see TZA, for example, which is the 3X small cap ETF, bear ETF, hitting new highs
of the day, it doesn't make me want to come on small cap investing and talk about new
ideas.
So that's kind of where I'm at.
I'm relatively constructive on the market from a big cap side, just in terms of a little
more upside to the indices. But
there's a lot more proof to come out of this pudding before I think it's safe to wade into
small caps. It's a trading market. As Ben pointed out, we've been taking our wins in
special situations like CEP and trading around the CLBR and some of these other things.
But these are days and swings.
This is not a friendly market for sitting in small cap investments.
So I'll keep it there.
If I could just add to that, I have a little bit of a take uh than you in terms of how to trade it and
it may just be a personality thing or whatnot but you know everything that you just just described
there actually makes me gravitate more towards special situation small caps than the large caps
because to me the large caps they're just trading on spy QQQ, which can
become extremely, extremely unpredictable.
So personally, I lack conviction in big cap names when they're being pulled, you know,
by the big indices on headlines, you know, but in this kind of environment, you can find
these small cap situations, special situation stops that won't be influenced by the underlying
indices.
And that's the type of stuff I'm interested in.
You know, like the warrants we're playing on, bull or CLBR, or earnings report that we feel really good about, like Berna, we absolutely killed it on.
You know, we'll talk about another one coming up that I think is going to do really well.
So, you know, I agree with most of your commentary, but in terms of execution, I guess everyone has to find what they excel in.
agree with most of your commentary, but in terms of execution, I guess everyone has to find what
they excel in. And, you know, I just have very, very weak hands on big caps when I know that
they're primarily influenced by the market. And, you know, I feel like that's a little bit less
predictable. That's just me, though. Yeah, fair enough. My bias is to want to go to where
liquidity is. And, you know, I think more and I think more and more what people are doing right now in this market
is, again, positioning-based
because it's hard to make additional fundamental calls
when you've got such an uncertain backdrop.
So, yeah, I think it's a good time to pay attention
to how folks are positioned.
And on that note, I'll make another point that I think is going to be interesting.
And I'm curious to see how this plays out.
So I follow a lot of guys that follow options positioning closely.
I personally do not.
I don't have a lot of the data sources in front of me, but apparently
the option positioning is quite bullish going into all these prints for, you know, the Apples
and Amazons and Metas especially. And, you know, when you've got that happening at a time when
volatility is elevated, you know, this is something that a lot of investors maybe don't
think about or maybe they don't understand the mechanics of the market, but the mechanics of the market are this. When you've got elevated
option positioning and you've got the bulk of the volume taking place, you know, in ETFs,
like some 30, 40% of market volumes these days are ETF driven. You've got market makers on the
other side of a lot of those trades. They're selling
puts, they're selling calls, all the rest of it. They've got to own the underlying for the most
part to hedge that. And the higher the implied vol is, the more of the underlying that they need
to own. And so this is why even if you get a good earnings result from some of these companies, you can see the stock react negatively.
And that's because these guys are unwinding.
So, you know, in an environment where earnings aren't a good predictor, sometimes understanding the market mechanics and positioning, you know, will give you a better result.
And that's kind of what I'm focused on, at least for this week.
I agree, Godfather, because like I was saying, earnings are just weird to me.
They can just, they can hit, they can miss the earnings and it go up.
I can look at the chart better and get a better idea without like looking at earnings or anything.
Be like, all right, it's in a spot where it should go up.
And regardless of what the earnings do, it'll probably do it. But I just don't play the
earnings because I don't, I don't feel comfortable with it, but I agree a hundred percent with you
on that, with the earnings and the options are crazy. I was just looking at all the option
inputs and there are just crazy amounts and it's, it's all over the place. Actually,
I was just looking at a lot of puts and calls. So it is.
It's crazy.
It's like it's all over the place right now.
And I don't think anybody has a clue what's going to happen.
It's like a coin flip.
All right, guys.
Great thoughts on the market sentiment, the big picture of everything.
I want to bring it in a little bit here and see what you guys are watching, trading, what's been working, and what you guys are looking at going forward
for the next week or two here. Ben, do you want to go ahead and kick us off with maybe
any individual picks or sectors that you're playing right now?
Sure. I'm just looking at my trading portfolio here, and I'll tell you what my top small-cap
positions are. The first one is MIND, M-I-N-D, Mind Technology.
Just very impressed by their earnings report.
And I think you can make great money buying here around the $6.50 range.
I'll leave it at that if anyone wants to add to that later they can.
Then I got, as you know, I'm trading CLBR right now.
But SALM, another small cap, this is another kind of like special situation small cap, along with that CLBR category.
This is a Donald Trump Jr. stock.
He joined the board.
And this one, I did a fundamental evaluation on this one.
It's Salem Media.
It's trading at $1.60 now.
Man, I originally got in this at $0.95.
We sold it at $1.95 the same day. I re-entered on the dip. I've been accumulating here. It at $0.95. We sold it at $1.95 the same day.
I reentered on the dip.
I've been accumulating here.
It's $1.60.
I think this one's easily worth $2 to $3.
And you're going to have additional Donald Trump Jr. catalysts on this.
You're going to have the company seeking to relist on the NASDAQ.
There's going to be lots of good catalysts, and it's undervalued.
That's another small-cap special situation stock I feel comfortable owning
when the indices do poorly.
Like today, index is down,
the stock's up 14%.
So these are the type of things I'm looking at.
And then another small cap name,
which actually I'm a little underweight now,
5% is PBI, Pitney Bowes.
This one has had multiple,
just consecutive great quarters
after great quarter after great quarter.
These guys are executing like crazy.
It's a deleveraging story.
I doubt that any of the tariff situation is impacting their business.
I expect them to have a really good report next week.
They're probably doing buybacks.
They're paying off more of their debt and becoming increasingly more profitable.
So a few small cap names there that I feel very confident about,
even in this market.
Leave it there.
Appreciate that, Ben.
Money Mark, what's on your radar right now?
Yeah, man.
So a few things come to mind.
Look, I'm not going to be a broken record here, but G-E-O-D-F, that's been my number
one pick, number one name.
If you don't know why or if you're new to the spaces, go check out the replay of last
week's spaces or my Friday YouTube show.
bases or my Friday YouTube show. The replay is there on my YouTube channel. That is my largest
The replay is there on my YouTube channel.
pick. Very defensive name with a great valuation on their underlying assets as well as long-term
contracts with gold miners and is independent of the gold price, but certainly benefit from an
elevated gold price. So if gold corrects from these levels, it's okay,
because gold is up. If you look at GLD, once that broke 200, we're now at 300. That has to go all
the way back down to 200 to have any effect on GEODF. TPCS is the other name that I've been heavy
on. Again, go back to the last week's faces or my YouTube show for that.
But one thing I want to say for sure is, you know, we're not stopping making picks just because
it's a yellow alert environment. We are being cautious and we are being pickier. But if you do So DRSHF, drone shield, DRSHF, that stock, since the S&P and NASDAQ peaked on February 19th, the queues are down 14%.
DRSHF is up 100%.
It's up 44% since I added it to my public tracking sheet.
since I added it to my public tracking sheet.
And the reason is, and you can see new news today,
drones are the new way of doing war out there,
taking over tanks and planes and submarines.
This is being added to the mix.
And so now defense against these drone attacks
is a major imperative for companies.
And what we saw at a drone shield last week
was a follow-up to a major $32 million order that they received, which represents nearly
half of last year's revenue and a third of Wall Street's estimates for this year. A third of
Wall Street's estimates for this year were hit on one deal that they announced. And then they put out their Q1 earnings
announcement last week, and they revealed that their current order book for this year stands at
over almost $100 million. That is above Wall Street estimates for the year. And we're still
in April. So they have the whole rest of the year to blow
out Wall Street estimates. I don't think they're going to do Wall Street's 95 mil. I think they're
going to do 150, 200, or even 250 million for the year, and that's DRSHF on that one. Other than
that, I'm preparing a couple of new picks. So despite it being a yellow alert environment, we're still on the lookout for companies that can do great in this.
And I've got a couple more that are looking pretty good, and I'll be looking to announce that either on my YouTube show or here in the small cap space.
So stay tuned for that.
Hey, Mark, DroneShield, there was another potential catalyst yesterday.
Details of the $150 billion defense budget Republicans are proposing.
I think there was a big budget in there for anti-drone technology.
And also I was wondering if you want to comment on Kraken also on that budget.
It looks like there's some positive things for Kraken.
And it had earnings this morning as well, which I don't follow as closely as you, but superficially it looked pretty good.
Yeah, no, you hit the nail right on the button, right? So, you know, one thing that we're looking
for in this environment is what could not get hurt by this environment? You're dealing with,
okay, we've got tariffs. Who doesn't get hurt by tariffs? Who's exempted from tariffs? What
doesn't get hurt by Doge, right? So when you put that together, what you see is Trump is proposing
a 12% increase in the defense budget for this year. That's huge. I mean, he's looking to cut
the budget. He's looking to cut spending. And yet in an environment with 2% GDP growth,
he wants 12% increase in defense. So you hit the nail on the head as far as that goes. And
okay, drones is big on the list. And in fact, if you looked the nail on the head as far as that goes. And okay, drones is big
on the list. And in fact, if you looked at the imperatives for the defense sector from the US
budget, right, drone defense was on the list. Submarines was on the list. That's TPCS. And
in addition to that, right, when you talk about submarines in the scenario that we have right now, whereS. is having a hard time keeping up with the Russians and Chinese in terms of manufacturing submarines, it's autonomous submarines.
So it's Anderil.
Anderil is the Tesla of the defense industry.
They have underwater autonomous subs, autonomous drones, things like that.
And Kraken is the company that's providing
the batteries that allow deep sea submarines. So they've been on fire and yeah, they came up
with good earnings and they're immune to this, right? You're in defense, which Trump is rapturing
up the budget on. It's immune to Doge and it's immune to recession because in a recession,
what does the government do?
They increase spending to fill that gap.
So great call on that, Ben, and that you're right on the head.
Perfect. Awesome.
Kyle, let's go over your direction and see what's on your radar.
Yeah, I was I was actually going to speak a little bit more on Mind.
Really good earnings last week, definitely stronger than expected. I think one thing that was
pretty exciting to see was there was $16 million in the orders just in the last couple months.
The backlog did drop, but seeing the orders go up was good. One thing to comment on with Mind, it also pretty immune to tariffs
overall. Over 90% of their business is not US-based. So little to no impact there.
And then one thing did happen last week to add, the critical mineral executive order was passed.
mineral executive order was passed. There was a comment by the CEO on the call that they have
done some mineral work in the past. I don't necessarily think this will be a short thing
where it's going to jump the revenue significantly or anything crazy, but I do think there is
potentially some upside potential with that order passing. Even without any contribution from that,
the company's probably going to do 80 cents in EPS this year. That's about an AP, I don't know,
like a 640, 650 range. So mine had a really good earnings. I agree with Ben there,
should do very well over the next year, even with the tariffs in effect today.
Yeah. should do very well over the next year, even with the tariffs in effect today. And I'd, while we're in for EMP, I'd take it a step further.
So over the next year, I make a living out of making short-term predictions.
And I would say even over the next few weeks, I think you're going to see mine pre-rate minimum target of 7 to 750 here the next few weeks.
I think even if the market is challenged and then in an intermediate range of, let's say, over the next few months, I think we can get back to 10 plus.
All right. Godfather, you want to go ahead and jump in next?
Yeah, actually, I was just going to jump in on mine. So, you know, the other thing that Kyle didn't mention, but is worth reiterating is that they basically put everything, you know, on the table with respect to creating shareholder value in the most recent call. They talked about the fact that they recognize they need scale and whether that
means they do an acquisition. And they did file this $100 million shelf, but said, look,
we're not going to do anything unless, of course, an accretive acquisition comes along. And then
on the flip side, they said, we would also consider selling the company. So I think actually
that's what happens. If you look at
the insider ownership in this thing, the control is in the market. If you look at who their clients
are, you know, these are the large service companies around the world. You look at the
fact that these guys have, by all accounts, leading edge technology. So put that in the
hands of a Schlumberger or, you know, one of these guys providing these services, that gives them a leg up, you know, that could become a huge new,
you know, service offering for companies that might otherwise be focused on, you know,
offshore oil and gas exploration, i.e. the Slumberjays and so on of the world. So Baker
Hughes and so on. So it's worth noting that I think management has done a very good job of
executing. And, you know And I agree with Ben,
whether the market takes it there or whether a strategic does in terms of arbitrage,
I've looked at this thing six ways to Sunday
and fundamental value for me
is right in that sort of 9.50 to 11.50,
call it $10 mark.
So yeah, those are my follow on comments on mind. I was not really
going to provide any picks this week, given my, you know, my, my predisposition to the market
backdrop. But let me reiterate a few things. Number one, I think, should be looking to invest with the wind at your back always.
It's the type of environment that can reward short positions, especially in companies that don't deserve to be anywhere near the valuations they're currently trading at.
A company that I keep harping on is Guerrilla Technologies, GRRR.
I keep harping on is Gorilla Technologies, GRRR. There are a number of companies out there that
have put out short reports on that. You can just Google and read them. Every time this thing gets
over $20, I add to my put position and it religiously comes right back down into this
sort of $16 to $18 range. So that's just been a money machine. I would continue
doing that. Again, it's kind of a market where I'm focused even on the small cap names on trades
versus investing per se. One of the other areas, though, that I think is interesting in so much is
it has no tariff impact or trade impact whatsoever, and that's biotech. And here's a relatively weak day in
the market. Look at XBI, it's in the green. Look at LABU, which not surprisingly is in the green
by 3XXBI because it's 3XETF. But these biotech names, which are traditionally beta to the market,
have actually been performing quite well. And I think it's, again, because money
is starting to gravitate to areas that are potentially going to be more insulated from,
you know, what at this point is certainly an uncertain, you know, trade environment.
So on top of that, you've got changes at the FDA. I highlighted this last week in the show,
you know, the interview that was done by Martin
Macri, people were really concerned that, okay, this guy's coming in and he's a political Trump
appointee. And the strict follow the science that we saw from the previous FDA commissioner,
Peter Marks, is going to be thrown out the window know, we don't know what we're going to get with Macri.
And, you know, a lot of the biotech sold off on that.
But he's come out now and indicated, no, you know, we are focused on science.
We're also focused on making sure that in areas, especially where there are unmet needs,
where there are unmet needs, we are more expeditious in terms of giving conditional
approvals by use of things like different data sets as opposed to, you know, having to force
all the way through, you know, randomized controlled trials. So, you know, this particularly comes into play in rare disease indications,
you know, fatal pediatric diseases, these types of things. And the name that comes up over and
over again when you talk about, you know, rare pediatric diseases or terminal pediatric diseases is Capricor that focuses on DMD. The comment out of Adam Firstine this morning
gave me good confidence. This had been underperforming the rest of the group last week,
and it's always difficult to know why, you know, on a week-to-week basis, you see these kinds of
gaps in performance. But his comment gave me confidence that things, yeah, are proceeding with the FDA.
They continue to have this regular back and forth. And, you know, this is a poster child
for them. They basically said to the company, you know, skip your phase three, file your BLA.
And, you know, we'll, we'll look at it. And, you know, as I highlighted last week,
there's even the possibility that they get a priority review voucher here, which could be worth,
you know, triple digit millions in value. So again, these are the companies that you want
to focus on, companies that have orphan drug designation, companies that have regenerative
medicine, advanced therapy designations, you know, these types of things where the FDA has already shown
bias to want to approve. So I'll throw that out on the long side. Again, the ticker there is CAPR.
And yeah, I'll keep it tight this week because again, I don't think it's a great environment.
It's a good environment to do work in in terms of small cap ideas, as Money Mark mentioned.
But I'm not sure it's a great environment necessarily to pull triggers in.
And I think you get an opportunity to buy most of these things a lot lower.
Six ways to Sunday.
Haven't heard that phrase in a while.
That was refreshing.
I like that one.
That's a good one.
Appreciate those thoughts, Godfather.
And Dougie Fresh, what are you trading over there?
What's on your radar?
Here, I'll just go over a few.
Remember, we did the Wolf and Wolf.
Well, W-O-L-F, the Wolf Speed, got up the Wolf Speed.
That's actually up like 90 cents today, up 27%.
So if you had gotten into that the last two weeks you were real happy today and
and even thursday or friday was popping up the w ulf terror wolf that had popped up thursday just
a little bit of pull back today it was up a little bit and honestly i think crypto is pulling back a
little bit and it is getting set up i don't know what's going on with crypto but it's looking way
better than the markets i can tell you that and And plug power. And again, I just look at charts for quick poppers. I mentioned this one previous
and it's up a little bit today. It does not look bad. It may keep its momentum tomorrow. So PLUG
plug power. It's up like 23 cents right now. And another decent one that I mentioned before that's been up is DNN, and it's a uranium one in Canada.
And this one has earnings coming up, but it's curling up and looking pretty good.
It has earnings May 12th, so you can keep an eye on that.
Again, uranium and that mined one you guys were talking about, I was watching that, obviously, after last week's show, and it was looking real good.
It's right in that channel. It's trying to break through that resistance at that 685, and was looking real good it's right in that channel
it's trying to break through that resistance at that 685 and it looks like it wants to and even
if it doesn't right at this moment is just going to pull back a little bit and it will go through
so keep your eye on if it pulls back a little bit it'll be a great opportunity and i have to agree
it's going to get through that uh like 685 687 area and continue its way up to that eight
nine dollars so mind is looking good so there you go that's my few right there and thank you
everybody for uh having me on so enjoy the week okay dougie don't leave yet don't leave yet uh
i would love your analysis on clbr you know one of the areas with technicals that I don't do great in is when you get to all-time new highs,
I no longer have the reference points of prior candles.
You're above all the key moving averages.
At this point, you've got to either a psychological level or a Fibonacci levels,
or you've got to draw your own mind.
Those are areas that I don't do too well in.
CLBR, an all-time new high, what kind of target do you see there in the very near term?
Well, I think it's going to probably top out, like I say,
just because of that news, and it did jump up.
It's at 1260 now.
It got up, what, over 13 off of that news.
It's at 1257.
You may get a really good push towards the end of the day,
being it's after 10 o'clock, 210.
But, yeah, I don't,
I would be careful. And especially if you got in way early and I know you're a pretty quick trader and you're locking in those profits, I might want to lock them in and then just look for a little
bit of pullback. It may not stay in the top. It stayed in that top for a long time back in November.
I don't know what was going on back then, almost like half of November into December. But yeah, this one could pull back out of the top and come back under that 70 RSI. It's
up there now today. And like I said, you could keep that momentum going. And even so, like that
four o'clock in the morning with the weeble, it just rose things off because you can get that big
spike early in the morning, like we've seen before on other ones and
then you start coming back down after that so i i'm always careful about that because of that
whole four o'clock weeble trading so crazy nowadays i wish all the damn platforms would
just start at 4 a.m now it would make it a lot easier and if you want to trade it you can but
yeah you have to be on weeble or a few other ones to catch them pops. And I'm telling you, there's so much action going on at 4am. It's bizarre, but that's what it looks like for CLBR. So you might want to lock in some of the profits right there.
Appreciate it.
No problem.
Anyone else?
I think we've gone around to everyone, so time for wrap-ups, I guess.
You know, we always – I leave this hour open after the small cap show because I know I love getting the market sentiment thoughts and getting around and making sure we have enough time.
I've kind of structured this show that way so that we can go over the top of the hour a little bit here.
But I know everyone's gone, and we are in a very interesting spot in the market overall on the big picture
right so I guess we can go ahead and jump into some closing thoughts we have
any Ben closing thoughts you know join our community head on over my profile
Godfather's profile we do a lot of work man you. Doing like 12, 18 hours a day of work.
Giving you guys a morning note in the morning.
Live streams, chat rooms, busy all day long.
So I'm up 120% year-to-date coming into today,
right near the high of the year.
We'll see.
This morning was a little bit challenged,
but CLBR might make a comeback for us today.
So that's my closing thoughts.
Hope to see you in our community.
Beautiful.
Godfather, anything from you?
Yeah, I'd just like to,
because we are going into the heat of earnings here,
throw out for folks with pen and paper in hand
that are following some of the picks
that get thrown out on the show on a regular basis.
A number of them are due to report here
in the
relative near term. One of Money Mark's names, CXDO, I believe reports on the afternoon of
Tuesday, May 6th. We've got OpFi, which continues to be my number one fintech name, reports the morning of the 7th of May, Wednesday. That afternoon,
aftermarket PBI reports, a name that's been mentioned here a number of times that again
falls into this sort of non-tariff, non-recession impact. It is Delcath. This is a liver isolation perfusion technology company. DCTH, that's the morning of
Thursday, the 8th of May. A name that I think both Kyle and MoneyMark at various times have mentioned.
NextGel, NXGL reports Monday, the 12th of May aftermarket.
So there's just a couple of names to throw on your calendar if you are following some of these picks and are looking for potential near-term catalysts in them.
Not meant to be exclusive, but, you know, or wholly inclusive, but at least a few names to put on your calendar.
Kodak as well reports on the afternoon of the 8th of May.
That's a name that Ben quite likes.
I'll leave it at that.
Beautiful.
Money Mark,
anything that you want to leave the people with today?
Money Mark may be tied up something like he had a little bit of something going on in the background while ago i definitely know that feeling recognize
the sound dougie fresh any final thoughts to leave with the audience i was wondering what uh how
money marks little one is because we definitely know that feeling sounds like he was sounds like he was upset but sounds great yeah i uh i know that feeling all the time but yeah no just follow
everybody that's on here this is a great show guys i really enjoy coming on you know that and
anyone that wants to see a stock chart shoot it over to me you know i break them all down love to
do it and yeah just play some of these smaller penny stock ones and uh and just be quick and
trade smart and uh lock in your profits that's the best thing i could tell you put a bunch of
cash on hand watch these things pull back and uh and listen to the show because everybody gives
some great great advice and and outlooks on things and you'll know when the market's ready to get
popping again for more or less the uh long-term ones. And like you guys were saying, I think you see a little bit better opportunity
and cheaper prices to buy them at.
So if you want to trade, just look for some of these smaller ones
that are really popping up.
AGMH ran over 150% today.
We gave that one out.
So, yeah, there's a bunch of new guys on your Discord.
It's amazing, guys.
Like Ben said, he's up over 120%, and they crush it.
So I know that for a fact.
So check that out as well.
And yeah, just a great show, and thanks for having me on.
And everybody, just trade smart and have a great week.
Beautiful.
Well said.
Definitely check out all the speakers up here, different Discords that are fantastic value.
Of course, if you like something
that someone up here says, or if you've listened to the show a few times and you're saying, hey,
that guy's smart. I like everything that he's saying. Go check out their services. Dougie
Fresh does a lot of streams as well. I check in on those sometimes in the evenings where I can,
going through a lot of tickers. So shout out to Dougie Fresh. Shout out to The Godfather,
Money Mark, Ben over at Story Trading.
We also had Kyle Adams and Ariel from Catalyst Capital up here.
Thanks, everyone. That is going to bring us to the end of our small cap show.
You can definitely listen back to the recording as soon as I close this out.
It will be available to play back if you missed part of the show or if you want to go back and hear something again.
I know a couple of times I've actually gone back to previous weeks.
I'm like, wait, this name was mentioned on the show by one of these smart guys up here.
And then I see a chart going 25, 30% a day. And I'm going, what did I miss? What was I not paying attention to? But either way, we appreciate the whole small cap crew. We appreciate everyone that
tuned in. And we've got about a 45 minute break here. We do have live trading going on over on Wolf Trading. And then I'll be opening up the Power Hour show over on Stocks on Spaces.
And with that, I'm going to close this out. Thanks, everyone, for tuning in. And we will
see you guys on the next space. Hope everyone has a great rest of their Monday. And don't miss our
Stock Picks for the Week show. Ben is in contention, we'll say.
Make sure you tune in to hear those results tonight as well.
And we will see you after a while.
Take care, everyone. Thank you.
