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STOCK PICKS FOR THE WEEK!
Recorded: July 14, 2025 Duration: 1:01:21Space Recording
Short Summary
In a lively discussion, panelists highlighted significant market movements, including Nick Drendel's standout performance with a 33.46% return, the upcoming earnings season led by Netflix, and the potential impact of CPI data on market trends. Investors are gearing up for volatility as they navigate these developments.
Full Transcription
Thank you. What is up, everyone?
I am here.
It's Monday.
Finally back in the driver's seat over here without a voice, but I'm back.
I'm here, and I'm always excited for this show.
This is one of my favorites.
It's so interesting, a lot of different perspectives
that we have come on here, talk markets,
and then do stock picks, right?
From Tuesday's open is when the competition starts
until the following Monday's close.
So just this afternoon, it closed,
and hey, we've got an absolute crushing victory
from one of our panelists up here on the stage already.
Let's take a look at everything and see how it's going.
We'll work on getting the rest of our stock pickers up here.
We may have a little lighter panel today, but that's no problem.
If you will, go in, especially if you're in the audience, go in, retweet the space.
Let everybody know you're in here watching the stock picks here on Wolf Financial that
we've been running the show for quite a while.
I will say Ben over at Story Trading, he sent me a message.
He sounded about like me, and then also he had some other stuff going on during our other
show today.
So he's not going to make it.
He did send me his picks, so I'll get those in for him here shortly.
He did send me his picks, so I'll get those in for him here shortly.
And with that said, I want to struggle through with my voice here and go through the couple
winners we had from this past week.
So the past week from Monday or, well, Tuesday open until Monday closed today, the S&P went
up 0.56%.
QQQ went up 0.51% over the last week. So we did nothing. We didn't do anything
at all. However, some of our picks did a lot. As a unit, we beat the market 0.57%. So we picked
by one one hundredth of a percent. We did beat the market collectively. And a lot of that's big thanks to our first place finisher nick drendel 33.46
percent average return the biggest piece of that was from bmnr short 64 absolute banger of a pick
last week from nick drendel uh second place goes to uh andrew mr Real Pristine Capital over there. He had a 10.45% average return with MSOS going 18.83% this week.
And third place, who is that guy?
Emporador.
This guy is on the podium.
4.12%.
Nowhere close to the top two guys.
So it's funny that I'm on the podium.
I was looking at this and I said, I was scrolling through it. i was like oh wow four percent hey maybe i made the podium and i was
like hey no i actually did pretty well and then i looked up and saw nick and andrews absolutely
dominated all of us but hey at least i got one foot on the podium um at four percent i had uh
i had boeing that did my best pick 5.26% on that. And then NEE did well.
After me, Jordan was right on my heels, 3.84%.
And Evan, Mr. Stock Market News, had a good pick with ROBN, went up almost 9%.
And that gave him a 3.71% average.
So pretty solid across the group here.
As always on this show, we are going to dive in first to just kind of our market thoughts. We're going to talk through how we're approaching these markets, what we think is going on or what's going to happen in the market. Obviously, a lot of things coming up. I'm sure I'll give the panel here a chance to mention some of those things. And then we will continue through everyone's thoughts. Second half of the show, we will go ahead and jump into our two picks for the week
and a little bit of lighter panel.
I know a couple of people were traveling this week,
a couple of people into the weather.
So we've got plenty of time to get our thoughts in here today.
And we're going to kick it off with Mr. Nick Drendel,
our current champion.
Nick, let's get your first off, congrats.
And second of all, let's get your,
you can reflect on your pick if you want. And then of all, let's get your, you can reflect on your pick if you want. And then of course,
let's get your market sentiment thoughts.
Sure.
I'll do a little reflecting since we have probably some time.
So last week I was pretty bearish overall in the market because we had seen
some of the higher growth stocks that had made massive moves already
start to break down.
Like SCZL has been for me, like one of the indicators that the market is healthy and
it's a risk on environment.
And we started to see that breakdown on July 8th, basically we're getting extended going
into last week and then breaking down. I think AEVA was,
yeah, AEVA was the first one that had a run from $2.50 up to $37. And then that broke down on July
1st on heavy volume as a short pick that I had two weeks ago. And that along with the NAIM exposure index being at 99.3%.
So that is a reading of active investors' exposure levels.
And I've gone back and really studied this.
And typically once you get over that 95% threshold,
it doesn't mean that the market is just going to crash or anything like that.
It doesn't even mean that we have to have a pullback, but what it tends to mean is that we're either going to have additional volatility
or when the trend does change, there's going to be a lot of people already in the market
that's going to add fuel to the fire of a sell-off.
So with kind of AEVA breaking down, with some kind of spotty action out of the liquid leaders and
with maaim over 95% at 99 I thought we were in for kind of a market pullback
for the second half of the week and for the contest I mean that BMRN or yeah or
no not BMRN sorry. I should know the sticker.
There's a great name.
BMNR.
BMNR, thank you.
A little dyslexic there.
This is a stock that, I mean, for a competition trading,
like you could pick this and chances are it was going to die
either like the first half of the week or probably like this week at some point.
And we started to see a little bit of weakness. We had extreme strength first off from $4 up to
$140. So obviously stretched to the upside. And then we had an unfilled gap down on July 7th,
which is when I was like, oh, here's some weakness
out of this name that's extremely stretched.
I think the market's probably a little stretched as well.
We have an AIM exposure over that threshold that I look at.
Let's try to get some shorts on some of these extended names and play for a reversal.
That being said, I didn't expect it to have a negative 40% down day followed by a negative 30, negative 11. And then today, I think it finished basically flat. So that was great, obviously, but I did expect kind of a pullback. It didn't quite work the next day. I tried it short the next day after the morning rally, and it didn't really accelerate to the downside. And with names like
this, you don't want to hold it overnight unless you have a huge profit cushion. So I just cut it
at that point. But then we did have a gap up, mini rally, lower high, and then loss of VWAP
was the short trigger for that. Or you could have gone short the low of the previous day at like 111.60. And it just worked immediately.
And that's what you're really looking for.
Some of these like extreme names is if you feel any pressure at all in these names,
it's probably not a trade that you want to stick around
because it's shown you that it can rip your face off in a rally from $4 to 140.
So you really want to just like hit it at a key spot,
either a key moving average, VWAP,
previous days low, the opening price,
green to red reversal, stuff like that,
where you have like a clear sign that demand
for the stock has dried up
and now we're starting to see supply come into the stock.
So that was obviously a great trade.
But overall, the second half of the week in the market,
we actually got really constructive action.
We got the chop that you kind of expect with a 95% exposure reading.
But we didn't see things continue to break down.
We saw some weakness in software. DAVE is a software name that I've been watching and has been a monster this year.
That had a pretty rough four-day sell-off. SEZL had a pretty rough four-day sell-off,
but we also saw the exposure level drop from 99 to 86.
And while that's still like a slightly high reading,
it just, it doesn't kind of trigger that same kind of warning signal to me.
And it still shows that people are
on the sidelines of the market.
So if we do have strong action after a shakeout,
it can lead to kind of like a blow off move
where people are FOMO-ing into the final leg
of an intermediate uptrend.
And that's kind of what I think is gonna happen
at this point.
We had great action today across the board.
Hughes bounced off the 10 day, closed over the five day.
There's a little support gap there that held.
That's right at highs.
ARKK is something that
I use to kind of measure growth stocks and that's acting great today. Open on the low,
close at the high with a little gap up. I also use the Russell 2000, but the growth stocks to
that. So instead of IWM, I always look at IWO. I noticed that that correlates with my trading a
little bit better.
And that was really strong today.
Little gap down at the open, but then closed right at the high of the day,
back through the five to 10-day moving average.
And then we saw a lot of risk-on type stocks really explode to the upside.
Nuclear started to come back into theme.
SMR was up, what up 12.4% today.
We saw some of the quantum names, QUBT, that was up 8.6%. What was the other theme that was really popping off today?
I'm blanking on the other theme, but we saw NBIS up 17%, RKLB up 11%, QS up another 9%.
So it seems like money is rotating now into the riskier and riskier assets, which is a great time to play the market long.
usually means that we're in the last couple stages of not the bull market, but an intermediate
uptrend where you get the final people throwing in the towels, FOMOing in, trying to trade the
most risky assets. And those make very, very strong moves as we've seen. But when they do
break down, like we saw last week, they can break down really, really sharply. So
I think we're in a tough spot to say like with confidence this next week, we're going to be
higher than lower. But I still think there's room to the upside. And until we see more leaders
breaking down, some unfilled gap downs, stuff like that. I think the risk is trying to get short a little early
and not try to play some of these high-flying names to the upside.
It is such an interesting spot here.
I appreciate that great breakdown there, Nick.
You know, we have some catalysts, I guess, in the near future here with obviously some macro data points coming out the next couple mornings.
We have earnings season finally kicking off.
The bank's getting us going really tomorrow morning.
And then obviously Netflix, the first really large tech name on Thursday.
So it seems like there's some stuff going on.
But you look at this market and it just looks like it wants to go higher, but it's just slow moves higher. But
there are little pockets where you can find some things that are high flyers that need to come down
or some things that maybe the market needs to spread out and show some love to. So it's a very
interesting spot there. Nick, look forward to coming back around and getting your picks here
in just a little bit. Andrew, let's bring you
into the conversation next. Excuse me. I am fighting. My voice is better today than it was
yesterday, but here we are. Andrew, let's bring you in. And I want to see what thoughts you have.
Of course, you want to reflect. I actually heard my first question to you, Andrew, is going to be
MSOS. And if you know kind of what's going on there, I know you've tracked that a little bit. So I would love to hear. I couldn't really tune into the market the last
few days. Today, I was super busy. I was first day back and just heard it on the squawker,
saw like three or four headlines around it. So I was kind of curious if you had an update on that.
Amazing pick, by the way. Curious on that. And then, of course, your market sentiment thoughts.
Amazing pick, by the way.
Curious on that.
And then, of course, your market sentiment thoughts.
Yeah, what's going on, everyone?
Yeah, in terms of MSOS, that's really like the biggest theme I've been tracking all year.
I've been tracking that theme really for the past couple of years.
So what I'm seeing on that front at the moment is we're going to have a new head of the DEA.
And his name is Terry Cole.
And he's on the record. He's on video basically saying,
hey, when I get into office, one of my top priorities is going to be addressing rescheduling
cannabis. And right now the process is stalled. This process has been going on since the Biden
administration. It was really in the last year of Biden when they finally got around
to cannabis reform, which was one of their big promises on the campaign trail. And there was a
recommendation by the HHS, and it pretty much said, hey, we've reviewed the science, and there's no
reason why cannabis should be a Schedule 1 substance. Schedule 1 is really like the most
dangerous drugs. and really the
whole movement is to try to get this thing pushed to a schedule three drug right now the united
states cannabis companies that are operating uh legally yeah right now they have limited access
to the banking system employees in that industry you know they can't even get mortgages, and they can't even be listed on the
U.S. stock exchanges. So it's this really weird sort of like backward system where Canadian
cannabis companies can be listed on the U.S. exchanges, but the U.S. companies cannot.
And we have word from the President, Donald Trump, that he supports cannabis rescheduling.
from the president, Donald Trump, that he supports cannabis rescheduling.
So it's my belief that by the end of the year,
Terry Cole is going to get confirmed as the head of the DEA.
They're going to move on to cannabis rescheduling.
We're starting to see big MAGA influencers on Twitter that are coming out and saying,
hey, we support rescheduling.
And it's sort of like this rebranding of the Republican Party. Really like the political theory behind this is cannabis is typically an issue that's supported by Democrats and staunchly opposed by Republicans. But if the Republicans can actually make progress on this, then this would really help them in future elections.
And it's sort of like this rebranding of the Republican Party.
them in future elections. So from where I'm sitting, this is my own analysis. It makes a
lot of political sense for something to happen here. So now we're starting to see the cannabis
stocks moving. So we saw last week, MSOS was a big mover for the week, even though the market
didn't really do a whole lot. And it's my view that the MSOS will probably be one of the top
performing ETFs in the second half of the year.
And it's currently my biggest position in my portfolio.
So that's kind of like the high level outlook on MSOS from my part.
So, yeah, for this week, it's going to be my pick once again.
So I'll go long MSOS and then just kind of moving more to the actual market itself.
So we've had this huge rally and I think Nick covered it so well.
Just where we are in this rally, how we've certainly progressed.
It's been several months, but a lot of signs are pointing to,
hey, there may be an actual climax to this run.
There may be some FOMO buyers that are jumping in at the last minute.
The only thing I would add is we actually have a key pivot point in the market that's coming up
this week because we have CPI that should be out tomorrow. And one of the key drivers of this rally
has been that everyone believes that there are going to be interest rate cuts by the Fed
at the end of the year. If the CPI were to come out, let's say it comes out a little bit hotter than expected tomorrow,
then suddenly that whole narrative around these interest rate cuts could go out the window.
So odds are the CPI will come out, it'll be fine.
But that's a little bit of a tail risk that I'm cognizant of tomorrow.
That, hey, if this number comes out hot, you know, this is at a time when,
like, all the technicals look pretty good. It really just looks like there's nothing that can stop the market. And then we also have earnings season. We're really going to be in the
heart of it beginning tomorrow. So if you think about, like, last earnings season,
the expectations were so low. And a lot of these companies, they reported earnings,
and it was like, boom, you know, the stocks just ripped off the lows.
Now, three months later, as these companies are going to report again, you know, a lot
of the best growth stocks, like they've already rallied like a hundred or 200% off the lows.
So I would imagine that bar is going to be a little bit higher.
So my outlook is barring some sort of, you know, tape bomb on CPI tomorrow, things should be okay.
But for that reason, my second pick, I'm actually just going to go long MSOS,
and then I will go short SPY.
And that's really just like a hedging trade just in case that CPI comes out hot.
I actually did put on some put options in SPY just because I didn't want to have to deal with that. Like if the CPI just comes out of nowhere and, you know, does something crazy,
you know, I just didn't want to have to worry about that for my portfolio. So for me, it was
like, Hey, I'll put on, you know, I'll throw a little bit of money down and just like accept
losing it and just have that as a hedge just in case. So yeah, those are going to be my two picks
for today. It's going to be long MSOS again, and then a short this by ETF. Well, there you have it. The full rundown
from Andrew over at Real Pristine Capital. I appreciate that great rundown on MSOS there.
I knew you would be the man to ask and would be very informed on that. And that helps me a lot
just in my due diligence processes as I consider different things.
So appreciate that rundown and interesting picks there.
MSOS long and then just the head short on SPY.
Okay, let's keep moving around the panel here.
Sam Solid, I want to throw it over to you next.
And so what market sentiment thoughts, how are you approaching this market?
What are your thoughts?
Are we in a holding period when it comes to all this information we're about to get? Major pivot, like we just heard Andrew saying. What are your
thoughts, Sam? Well, first of all, it was good meeting you, Imp. Really appreciated being at
the event last Friday. I'm still looking back and I'm like, wow, that was a fun weekend.
And also, i wanted to address
something uh jordan is a real person i actually ran into him in the new york subway and he exists
and ironically i didn't think that was the case but no he's not ai so anyways i'm real i know he's
very real he's very real uh so as far as the market goes i mean i i still i still think we're
going to continue this melt-up situation.
I'm very tactical when it comes to certain trading positions that I'm in.
Unfortunately, it didn't really work in my case for the long that I had last week.
I believe I chose Lemonade as one of my tickers, and I was actually down in the week.
But I did get a little bit lucky with a QBT short.
However, seeing the strength back in today, I'm glad that pick is ending today probably i probably would have gotten my face ripped off if i stayed long that thing so that's the difficult part about this competition is that you got to pretty much stay long
for a finite period of time you have to be right for that finite period of time which is like
your two picks like canceled out your your return was it was negative it was negative 0.04 like
canceled out your your return was it was negative it was negative 0.04 like like nothing
like a six percent winner and a six percent uh loser unfortunately but hey it's not bad
i know it's not bad like i'd rather you know not losing money is better than losing money so
you know can't really complain about that one um but uh you know as far as the market goes
they've talked about it ad nauseum in the last,
in the, uh, power hour spaces. And it's not really the type of market recently where everything's
just going to go up. Like it just, it's, it seems like it's just money rotating from one sector to
another, from one theme to another. And then they're just selling that off, but not necessarily
like dumping it, but like selling it off and moving on to the next sector. And it just seems like it's the same money that's just doing it over and over and over again,
because they're just choosing sectors and they're just riding a bunch of stuff. And then
they're just going to move on to the next team. And those teams are moving pretty quickly,
pretty much as far as we see it versus the markets, which is the way they were probably
10 years ago, where it took a long time for news to travel around
for markets to start price getting new news in.
And today it just is a matter of just going on Twitter
and just seeing a post of the latest information,
going to the source, and that's it, right?
And like the algorithms...
I don't know if...
I got one of those emergency alert things.
Is everything okay?
Yeah, everything is okay.
You got an Amber Alert out for you?
Maybe looking for a bit.
You know what?
Actually, guys, I got to go.
How does this affect the stock market?
Yeah.
So I don't know how it affects the stock market.
But anyways, the way that I see it is that if you're going to short the market, you have to be right in the timing.
Nick was saying it earlier, and your face can be ripped off depending how long you're in the BMNR short.
So the timing really mattered.
And you got to take profits at some point, which is what logical is saying last basis.
Because if you don't, then you could go from red to green and then green green to red which is going to be the worst feeling ever as far as a successful trader
so uh with that being said i think the market's going to continue pressing up i think even if we
have a uh a somewhat hot cpi report tomorrow uh i think there's a very good possibility that it
might end up being green at the end of the day because we've seen a lot of bad news come around
the radar and the market still ends up green anyway.
Like I'm not saying that's going to happen, but it's most likely going to happen
because we've had the most catastrophic events in the last few weeks,
and the market has shrugged it off and continued to go up.
My concern is that what if Trump actually does put on those tariffs in August 1st?
What if he does it anyway?
Because we've seen him – people have said that he wasn't going to do the tariffs last April, and then he did it anyway. what what if he does it anyway because we've seen him people said that he
wasn't going to do the tariffs last april and then he did it anyway so what if he does will the
markets fall 20 probably not there's a very good chance that uh trump has shown his cards talked
about riling up the markets and everything before april he he said that he's not even looking at the
markets and then basically now he's saying yeah he's looking at the markets. And then basically now he's saying, yeah, he's looking at the markets, he didn't want to go up.
Like he's obviously looking at the markets.
So it's very likely that if he does do that,
we will probably get a little bit of a pullback,
but I think the rally will continue.
I'm not sure if seasonality is going to take it to effect at the end of the
month.
Mostly because we look at it.
We looked at the seasonality for July.
We see that there's a bit of a pullback in July heading into mid-fall or
beginning of fall. And then the rally commences. And we expected that to happen last year.
And that after the yen carry trade incident didn't happen, the market did not have more
than a 2% pullback collectively in what was like three months or something from all the way from
after the yen carry trade, all the way up until I think late December.
The market did not pull back by 2%.
And that I would consider melt-up.
And I think that we're in a very similar situation again where we are in a melt-up phase.
The question is how long is this melt-up phase going to last for?
I mean, who knows?
No one knows.
It was actually really interesting last weekend talking to a lot of veteran wall street
guys and they don't know and they attribute it to no one else is going to know because the people
who thought they knew last april did it by the dip and now they're stuck buying at high prices
today so better to not guess at uh when the market's going to top when the market's going to
bottom and so on obviously guessing when the is, is probably a lot easier than guessing the top, mostly because when the market bottoms,
the VIX is usually high, things are usually V-shaped, and so on. In today's age, it's very
unlikely that we would have a prolonged bear market unless something was there to keep the
market low. And that would have to be attributed to a tight monetary policy or liquidity being
drained from the system. If we think about the Fed, I don't think it really matters whether the
Fed's going to cut rates or not because the thing is that a lot of central banks around the entire
world are cutting rates or basically printing money into their local currency. And what we
have today is that there is a net growth in the amount of M2 global supply
across the entire board.
So being able to argue that the market should stay down in an expanding liquidity environment
is very difficult to do because guess what?
When the banks don't have to have a certain amount of percentage on their balance sheet
in treasuries, that means they need to loan the money out to be able to make the difference
off the interest rate that they're going to be collecting from clients.
So that means that they are – how do I say this?
They're incentivized to put more money and more liquidity into the market.
And that market's got to go somewhere.
It doesn't have to go to Bitcoin.
It doesn't have to go into Palantir.
It doesn't have to go anywhere, but it's got to go somewhere.
And that means that risk assets will go up because there's more buying pressure than selling pressure. So
in my opinion, I think it's all going to continue and crazy price target, but I think it's possible
we could be at the S&P 7,000 by the end of the year. My only thing is that at some point,
there's going to be a little bit of a top situation there. And I don't think the top is
going to be, or what is that? Not an A-shaped top or anything. It's going to be a little bit of a top situation there. And I don't think the top is going to be, what is that? Not an A-shaped top or anything. It's going to take a process. It's going to take a little bit of time that we are in a new industrial revolution equivalent to
electricity being discovered or even the internet i actually think this is bigger than internet
and i don't think people really understand the extremity of how powerful ai is today
and how it dramatically improves the efficiency of people's jobs to the point that you 35 of the
code that's built by Microsoft was created from AI.
And that Microsoft was able to save $500 million in one year just by using AI.
And just to think about that from an exponential perspective,
that's going to make a big difference in a few years.
And I think that difference is going to be exponential.
So I think people are starting to discover more of how that impact is going to be in a positive years. And I think that that difference is going to be exponential. So, you know, I think people are starting to discover more of how that impact is going to be in the positive direction.
And of course, there's going to be hurdles across the board. But at the same time, you know,
technology moves in an upward exponential direction, it never pulls back. And the same
thing when you think about compute, every single time a computer comes out the next year, the
computer is two times better than the previous year. So if it's increasing by two times, two times, two times, that means it's going to be exponential, not linear.
So still continuing to be a bullish market, still continuing to be a bullish and heavyweight technology, and probably will be for the rest of my life.
And if that isn't the case, if we have that percent catastrophic pullback that a lot of FUD gurus out there are talking about, there's
a pretty good chance you don't have to worry about the money in the stock market.
You probably need to worry about stepping out your door and not being shot at or anything.
Because likely, if the market pulls back 90%, there's going to be anarchy in the streets.
And the world wasn't necessarily built to do that.
The Fed will bail us out no matter what.
And it's just you have to have that faith.
Because if you don't, you're really hoping for a major disaster. But bringing that all back to
the stock market, even then, you can see a lot of the smaller names pick up a lot of steam,
especially today. They were mentioning regarding the nuclear stocks going basically nuclear today.
A lot of smaller names, NBIS, which is NBIS, which is one of my largest smaller cap positions, got an upgrade, a big upgrade.
Well, not really an upgrade, but it got initiation from Goldman Sachs, 62% price target, which is about a 45% upside before the market opened today.
And the thing was up like 16%. And I think a lot of us with the tailwind of especially,
especially meta planning on building a one gigawatt data center and the amount
of energy and compute required around the entire world. I think that,
I think Nebius might continue to outperform for the duration of his bull
market. So with that being said,
So with that being said, centered around data center themes and still quite bullish to market, in my opinion.
centered around data center themes and still quite bullish to market in my
opinion.
Yeah, hard to agree with those thoughts.
Disagree.
I cough right in the middle of that.
Hard to disagree with those thoughts, Sam.
It was great meeting you.
But to your point, I mean, somebody used the term Teflon market earlier.
And I thought that was probably my favorite description that I've heard is this
market just literally shakes off everything so rapidly. Part of it, I think, is, you know,
goes with what you were saying. You know, we talked to a lot of Wall Street people,
a lot of them saying the same things that, you know, we've kind of mentioned in these spaces,
that there's a lot of people off sides that are just having to chase it. So even the smallest
dips, they're just, they're just chipping away and getting back into positions.
And it's just a supportive bid underneath this market. There's no real issues with it.
Now, a lot of data coming up. The seasonality argument is a very interesting one as we get into this time period from July, maybe August into September, just the seasonality piece of things.
But outside of that, I mean, it just, everything just continues
to move up. Now it's a tariff thing. Who's, who knows? I mean, we're back in the headlines and,
you know, we got probably the biggest news that we've really seen over the weekend and
a gap down open that basically closed back up today. So, I mean, just a complete shakeoff of
this market. It seems like nothing is really scaring anybody anymore. They're just, oh, I got to get in
somewhere. Let me get back in. So here we are. Appreciate those thoughts. Sam will come back and
get your picks. Jordan, last but not least, my co-host up here. Jordan, what are your
market sentiment thoughts? Well, big shout out to you and Sam for one.
It was an honor getting to finally meet Emp and you, Sam.
It was funny meeting Emp.
For those that don't know, I literally walked.
I was going to meet him in the lobby and I walk into the elevator and he's standing right there.
I didn't even freaking notice him.
I was just like looking down at my phone and then I look up and I realize it's Emp and he's just like waiting for me to realize it's him.
And I was like, hey, what's up, man? We just like waiting for me to realize it's him and I was like
hey what's up man we just like hugged it out right there in the elevator um because it's funny we've
been working together for what over a year now and I'm surprised that was the first time you guys
met each other that's crazy time ever man so it's just huge shout out to that Sam it was a pleasure
meeting you as well you're you're an absolute G man. I tried to get these guys to get out to the club with me,
but they were the responsible adults and decided not to.
So it was probably a good idea, to be honest.
It was good on you guys for that.
I remember, Sam, you came up to me and you were like,
hey, I'm out of here.
Jordan said, I'm going to spend money.
Just real quick, just to preface,
Amp and I are in our mid to late 30s,
and we got kids and a family and everything,
and Jordan is doing great,
which I wish in my early 20s I was thinking like Jordan,
especially when it comes to investing.
But yeah, no, that's good.
Enjoy the life. Like 20s is just the time when you want to
do it i don't do it often you know i had to go have fun it's once in a while thing i really don't
do that often so it was a good time and did it did it with no no boys better but the wall street
boys of course so always a great time there but um but yeah i mean in terms of the market right
we were away from the market for a few days.
But I mean, nothing has really happened.
I'm looking at NQ and we've just gone pretty sideways.
You know what I mean?
Sideways at all time highs, that slow grind up type of market right now.
I think we're kind of doing the exact same thing we were doing just in the middle of June there, early June when we were getting through that.
You know, what was it?
Two, two and a half weeks of consolidation. Looks like we're kind of doing a similar thing here,
although we're getting back to the upside a lot quicker than I thought we were. I was expecting us to kind of move down to these previous week lows earlier this week to try and then move higher
later. And it looks like we just want to move higher early. So interesting stuff there might
mean I'm looking to trade a little lower later in the week. But like you guys have all talked
about, this market is just, I mean, Teflon market, right? Like you were saying,
it just doesn't stop. And so every dip continues to get bought up. Any shorts that happen are really
for a very short time. You're not really swinging them. And even on the intraday,
I find myself holding the shorts for a very short amount of time, considering like compared to the longs that I've been taking.
So I think it's tough at all time highs, right?
With the intraday stuff.
And I think it's definitely, you know,
not a bad time to be dipping into some other individual names
that might have some relative strength,
that have some better setups.
That's what I'm looking at for the picks this week.
So I think the market is tough here.
Obviously, if you're trading intraday, especially on futures,
you can find a lot of opportunity throughout the intraday,
even at these all-time highs, but still tough.
I still find myself trading a lot less.
These Mondays have gotten a little bit harder recently,
where I know with the volatility, I was killing it on Mondays.
In the past few Mondays, it's been a little different.
I haven't been killing it as good.
So something to think about there.
The market's changing, right?
This lower volatility is coming in.
And it's the way the market is when we're at all-time highs.
So just something to think about when we're trying to make those intraday trades.
I'm just trying to be as consistent as possible and try and keep those crappy trades trades away from me right because it's easy i
think you were talking about it early earlier today emp you were saying today was a is a easy
day to lose a lot of money and i would say that about the entire market kind of at these all-time
highs if you're on the intraday trading side of things i think even on the long side it can be
tough to grab that when you're up here so high, right? And you're getting right back into those all-time highest price discovery mode.
It can just be hard.
And I know you've talked about that on the spaces.
I've talked about that.
It's tough out there.
But regardless, if this market wants to continue higher, I'm all for doing it.
I would like to see some big areas get retested just from the previous weeks, not even too much lower.
see some big areas get retested just from the previous weeks, not even too much lower,
something like $22,500 on NQ if we could get down there. I would love to see something like that,
but it just doesn't seem like the market really wants that. So obviously we got data this week,
which we didn't really have last week, as well as earnings. Earnings season is kicking off,
banks and Netflix this week. Next week, we've got some MAG7 names and following that week, the rest of them, right? So we're getting into a hot area in the market
and CPI tomorrow, PPI Wednesday, retail sales, unemployment Thursday. So it's a pretty stacked
week. I think we will get some great setups and some great movement. But I think this Monday was
just kind of mediocre staying within the range we've been in.
It was a decent day to the upside.
I didn't end up catching it.
I was actually trying to catch a short early in the AM and took the L for the day.
So starting the week off with a little L,
which is no problem.
But obviously you don't really want to start your week out like that.
So I'll be looking for more opportunity the rest of the week
when we have some more data.
We didn't have anything today.
So kind of made for a slower market, even with the we had it was it was more of that melty price
action i feel like but of course there's there's still moves for everybody especially if you're
scalping around so um so yeah those are my thoughts so you know i'm still bullish on this market but
i'm always i'm always ready for that area to to put the heavy short on when it's there it's just
not really there i'm you know every time we try and run through any of these big bullish areas
on a higher timeframe, they just end up holding
and they end up being buying opportunity areas.
So until that changes on a higher timeframe,
I got to just continue to kind of play along.
And when the short's there, give it a shot here and there.
But yeah, just continue the way it's going
and smile while the long-term
account is just continuously making all-time highs.
Love that.
Should I get my picks right now, Emph?
Do you want those or should we circle back?
Let's circle back.
Yeah, go for it.
That's all my thoughts for the market.
It's crazy out here.
Take it day by day.
Yeah, it's such an interesting part of me looks at this and says, is this just distribution up here for now?
Is it consolidation or is it broadening?
And I think you can make an argument for multiple pieces of those different events that occur in a market or cycles that occur in a market.
And a lot of where I'm at is it just kind of looks like distribution and broadening out because I look at it and I say, okay, well, price is going sideways.
And you see certain names catching up. You still see some names very strong.
And, you know, even small caps recently look like they've been kind of getting a little bit
more love. Industrials look like they've been getting a little bit more love. So
we'll see what continues to happen and plays out here but uh overall i mean it's one of those things i only
really thought around the market is stay long until uh until it doesn't work and if you're
right 10 times and then you're wrong you know that one time you know hey play you know that's
the game of averages right you're still ahead so uh i'm just gonna keep doing what's working and I'm doing a little bit less just as a caveat, you know,
up here, not doing a whole lot of trading here with where we're at, but it's because I've forced
trades up here at all time highs many times and, and force things into taking unnecessary losses.
So, you know, taking advantage of the gains that I've made so far and I'm playing things a little
bit tighter to the chest, but I'm still looking to stay and not fight this market, basically. That's where
I'm at. And with that said, let's jump into some of the picks here. First thing that we're going
to do, we're going to go to our current champion, Mr. Nick Drendel, who absolutely blew away. If
you joined late today, you missed me shouting him out earlier.
His BMNR short went 64.5%. His total average return was 33.73%. It's absolutely crushed it.
So Nick, you have first pick today. What are your two picks for this week?
fix for this week? So first I'm going to go long SEDG. This is a solar stock that if you ever want
to study like long-term trends or stage analysis, it's a great, great study for that. Just throw on
a weekly chart, do a 30-day, or sorry, 30-period moving average. You can see that we had a multi-year topping phase right around between $200 and $300.
And then once we snapped that, we sold off from $250 all the way down to $10.
And now we've gone about a little over a year basing, and we're starting to work on the right
side of this base. And I think I've mentioned before on this base
that it does feel like solar as a theme has finally bottomed.
Once we got the news that the tax credits were going away,
we had a big gap down.
But instead of following through the downside,
we put in a higher low, tested the 50-day moving average,
and then ripped higher.
And if you go through all the past market
leaders, you'll notice that they tend to top when they have the best news, and they tend to bottom
on the worst news. And when price action goes against the direction of the news, that's when
you tend to have trend changes. And that's exactly the blueprint for TAN,
like the solar ETF as a whole. We're back through the 200-day moving average. That's starting to
flatten out. The 50-day is coming back up to the 200-day. So we're really starting to see the
overall trend of that group change. And this is one of those groups that is me like a risk on type group. They tend to run very fast, but they also tend to
signal that the market's getting a little long in the teeth. So this is easily a pick that can
kind of work against me. And if we start to pull back this week, like you said, this is going to be
one of those losers. But SEDG made a nice move from 11 to 26.
We continued to close over the 10 day moving average the last like seven or so
trading days, just flagging out here. And then what I really liked today was
Friday, we had an ugly close under the five day down a decent amount,
but then we followed it up with a gap up and a reclaim the five-day moving
average today so for this i'll be looking for a break over today's high ideally with a gap up like
gap up opening range break and then try to play that versus the five-day moving average and again
in this type of market where we're a little long in the teeth if i'm going to put on a trade, it's got to work basically immediately.
I don't want to sit around and try to impose my will onto the market. I've lost a lot of money
thinking I could do that all my years of trading. So right now, I don't want to give anything too
much room to work against me. So if you are actually trading this, make sure your stop loss is in place
and honor that stop loss. And then the second theme that I'm starting to see really perk up
is China. I know Andrew's been all over this as well, but if you look at the KWEB ETF,
we've had about a three-year base on the weekly chart, and we're getting very,
very tight price action with the key moving averages starting to come up underneath that.
And when you have the bigger base, you have a lot more room to the upside. Once that breakout is
triggered, we could break to the downside and make new lows, sure. But we're starting to see a lot of the leaders in the China space really take off. One of my picks for the second half of the year was
FUTU, and we saw great action out of that last week. Yeah, me, another leader in that group,
up another 4.5%, really taking off. So trying to pick something that's like has a big
base, hasn't quite broken out just yet to play it as a catch-up trade as the group takes off.
And I'll go with TIGR for that case. This is right near the breakout point. Kind of had a rejection last week.
What was that?
Thursday.
And a little bit more weakness on Friday.
But we still closed over the five-day moving average the entire time.
And I've noticed when you get those kind of reversals, those strong reversals,
and you can't follow through to the downside.
On Thursday, we had the big reversal.
Still closed green to the downside. Like on Thursday, we had the big reversal, still closed
green on the day. On Friday, we've sold off a little bit, but still didn't take out the previous
day's close, still didn't take out the five-day moving average. And then today we started with
a unfilled gap up. And whenever you kind of like have that breakout and then the shake back doesn't actually follow through to the
downside. Just drawing a line across like previous highs and trying to play that breakout is usually
a good risk reward spot. So I'll be looking through 10 50 on that. And then my stop would
be the five day EMA right around $10.
I almost just threw my phone on the ground trying to unmute.
There we are. Nick Drindle, S-E-D-G-T-I-G-E-R,
both on the long side and a great rundown.
I did look at that K-Web chart just now
and I almost want to change my pick after seeing that daily chart.
Oh my goodness. Yeah yeah absolutely primed i'm looking at
this giant triangle that's been building for months excuse me on the daily chart and uh like
you said all those key moving averages like kind of curling up right underneath it like
that one's going straight on a watch list for me personally and uh i don't know if i'm gonna slip
it into my picks here or not i guess we'll have to see here in a few minutes,
but Nick Drendel, our current champion, S E D G and T I G R,
as well as a great, great rundown. Appreciate you, Mr. Nick, Sam solid.
Before I go over to you, I want to call out our absent,
our absentee picks for the week. A lot of, a lot of people traveling, a lot of people,
um, under the weather, there's a lot of different things going on this week, but, uh, Ben,
excuse me, Ben over at story trading, he's going to take GEO and MP and I'm, well, I may lose my
voice before the end of this. Um, I'm going to do a tweet with all these in there, but GEO and MP from Ben.
Stock Market News, that's Evan.
TSLT, he's taking Tesla, Leverage, and TTD.
Gav over at Wolf Financial, PTIR, and Hood are his two picks.
And that is all I have.
So that's the other three that are sent in.
And so we still need Sam Solid picks and then Jordan,
and then I'll give mine at the end.
So Sam Solid, you're up.
Wait, who picked TDD?
Evan took TTD.
Wow.
What an amazing pick.
That thing is up like 15% after ours.
So TTD or the trade desk is joining S&P 500 in replacement for Ansys,
which was actually acquired by Synopsys.
But yeah, that's a really –
Well, look at that.
I didn't even know that.
I didn't even know that.
The only problem is he gets credit for where it opens
tomorrow so it gaps up 18 it doesn't help him oh really that sucks well it's what it is it's what
it is maybe maybe he sent it to you after he saw it pop i'm just kidding around but um no he did
send it to me like at 4.30, 4.20 Eastern.
Oh, you're trying to pull a little bit something there, huh?
But anyways, it's all good.
It's all a fun game.
We are playing for bragging rights, though, so that's going to be pretty important.
As far as it goes for me, I did a little bit of diving into the company Newegg.
It's like a symbol, N-E-G-G.
They're basically a direct consumer they're basically the amazon but for computer parts and technology stuff so they actually are on declining
revenue uh they are uh upscaling their profitability but they are not a profitable
company yet they've basically been like a crap stock for quite some time uh they were a very
big player when it comes to selling computer components uh about more than 10 years ago
early 2000s going to like 2012 2013 a lot of computer nerds like myself you know big users
of them uh buying parts of them but uh you know lately in terms of the competition with the amazon
uh and a lot of direct consumer companies you know they basically i want
to say they got kicked out of the game but uh they they're not like the hot uh they're not the hot
market out there however they recently had a tech sale uh directly in competition with amazon prime
day and uh supposedly there was some news that they did really well so the stock actually went up 137
i'm sorry 170 in just a week.
And today we saw a little bit of a pullback, around 30% pullback.
So I am thinking that it's possible that that just might have been price setting a little bit down, maybe some profit taking.
So I was waiting for a pullback, but this isn't really something that, well, one, this isn't financial advice, but this is really something that I would even go hard in more of just, you know, seeing like, like Nick was saying, see,
see if it works and then getting out of a dozen, because these things can like really pull back,
especially if we do go risk off. So I'm going to go long, Newegg or take a symbol N-E-G-G.
And I'm also going to go long the rec shares two times Netflix ETF, NFLU.
They're reporting earnings on Thursday after close, one of the first mega caps to report earnings.
And well, I mean, to be honest, the market is still bullish when it comes to streaming and especially advertising on these streaming platforms.
I think this is probably a secular trend that's happening here.
I think there's a lot of run room for Netflix to take advantage of their advertising, their streaming capability, especially for targeted ads.
Also, in addition, I believe TTD, CTV or Connected TV is one of their segments, which I'm pretty sure the market is front running here. It's not just because of the fact they're joining S&P 500, but because of the fact that the trade desk has been getting a lot of hate from Wall Street ever since it had its massive 30% pullback after its most recent earnings.
Actually, no, it was the earnings two quarters ago.
So it's possible, being that connected TV is one of their strongest segments, that Netflix might actually post some good numbers and maybe a bit of speculation,
but at the same time,
Netflix, I think,
is probably going to continue its massive run
ever since not just because Bill Ackman sold,
but because it is a very strong performer in the market
and it's one of the mega caps
and strong performance or leaders
tend to continue leading
when it comes to the market,
especially in the mega cap world.
So NFLU is the two times Rex shares ETF for Netflix and N E G G for
Newegg. You're just, you're stuck on these N tickers this week. Um, no, that's a, that was a
really interesting piece on the Newegg. I bought a lot of electronics from them over the years,
um, for, you know, for our office, for our business. And it was one of those, like this company,
surely they're doing okay. And I started diving in a year or two ago and I was like,
this chart just sucks. This company, what are we doing? And you laid it out very nicely there,
but it'd be interesting to see if they have a little turnaround to it. So you're long in EGG.
a little turnaround to it. So you're long in EGG and then, uh, NFLU. I was really wondering if
anybody was going to, uh, take the earning shot this week. Netflix reporting on Thursday afternoon
NFLU, of course, being the two X leverage there from our friends over at rec share. So there's
your picks from Sam solid. Appreciate you, Sam. Great having you on the show. Uh, Jordan,
Sam Solid. Appreciate you, Sam. Great having you on the show. Jordan, now you're up for your two
picks. Alrighty. Well, these picks are coming straight from Prospero. Of course, I line them
with the chart, and I actually do like the chart themselves. But since, you know, I usually like
to trade TQQQ, SQQQ, because it's basically just like
NASDAQ, but NASDAQ is just so sideways.
We could drop, we could keep ripping, who knows?
So I'm going to go with some individual names, but I'm going to keep it leveraged for sure
for the competition.
So, um, one of the picks on the short-term bull list right now on Prospero is ASML.
And I do like the chart it's on a little bit less of a dip
as my other pick but um still had a great dip holding up well looks like it wants to get going
again so i'm going to do the 2x leveraged version of that which is asmg and then actually what's
that they report yeah they read when the morning yeah it'll actually be at like
what nine p or what like it'll be overnight yeah because they're over in europe well it's not it's
not it's wednesday morning right yes yeah no yeah it's just i'm just letting everyone know so it's
wednesday morning but it's like really it's like midnight because it'll come out over in the european time zone that's true oh yeah that's right that's a great turn around story when it comes to
infrastructure for sorry manufacturing equipment for semiconductors so you're probably gonna win
the competition let's see it i i i want it give me a good earnings let's let's rip it um so i'm
gonna take that asmg that's 2x leverage ASML. And then I'm also going to do
Oracle. Oracle is another one on the short term bull list that is looking very similar. Just on
a nice dip, retesting some big bullish order flow. The internals look good on Prospero.
So I'm going to go for this and see if we can get some more upside on this name as well. But I'm going to do the 2X leverage version, which is O-R-C-X.
And yeah, we're going to run with those longs and see how we do.
We'll see.
I don't really do individual names too often, especially just lately.
But I mean, it's where I'm finding opportunity right now when I look for the competition versus something like NQ.
So we're just going to roll with that and see how it goes. All right. I like it. One,
I did not know that ASMG existed. So that's actually very interesting. I didn't know either.
I just did the research, brother. Yeah. I love that. So yeah, I learned something every,
every time we have this show for sure. I mean, you learn something every day,
but like on this show, I always pick up some great nuggets, some great deep dives from some really smart people up here.
Definitely should make sure you are following all of our great panelists up here on the stage each
and every Monday. I want to say I almost picked gold. I really like gold this week as well. I
think it's setting up to potentially start getting out of this consolidation, but also it could fail
and then, you know, end up going lower, but also it could fail and then,
you know, end up going lower. But I like what I'm seeing. It might not need to go lower where I
originally thought I almost picked GDXU again. But I'm not going to do it. I'm just going to
roll with what I what I picked originally. But I do like gold this week. I think I think it has
potential at least so. So yeah, I like I like your picks, though. ASML. I mean, yeah, I like, uh, uh, I like your picks though.
Um, ASML, I mean, obviously it's earning, so it could go either way, but the, uh,
Oh, it might be nasty.
You never know, but yeah, but the Oracle one, I was looking at that today.
I was talking about with Casey over in the other space and, um, but in possibly a doji
reversal closed right on the nine EMA on the daily chart with a big bottom wick on it.
And you talk about just a strong name that I know some people got left behind on.
And hey, maybe this is the dip by spot.
Who knows?
I actually like that one.
And then, of course, I know you're using some cool AI tools over there with Prospero to get some of your confluence on these as well.
So shout out to that. And let me top it off here. I honestly don't have any just like super great
picks this week. Some weeks I go more conservative. Some weeks I have a little bit better.
Last week I had Boeing and NEE and both those charts just look good to me. And both of them
weren't mainstream names in the
market that I thought maybe, you know, maybe they give some love to them and it worked out.
And I'm going to kind of stay with that same theme in a way. My first pick, I'm just going to take
XLI, which is just smokestacks, the industrials. The industrials look really strong to me. We do
have GE reporting later this week, but when I look at Caterpillar, I look at Honeywell,
look at some of these names, the industrials just look good to me. So I'm going to go XLI, just industrial ETF.
And then my other pick, I'm going to take IWM. Looks like it's trying to play some catch up
here. The IWM chart looks really good to me. If we get maybe some favorable macro prints tomorrow,
even if we aren't going to get a rate cut anytime soon, if the street
starts to think there'll be more pressure that direction, maybe we see some continued love over
in the small caps. So I was looking at KRE, I was looking at a couple different things, and
I said, you know what, I'm just going to take TNA, the leverage IWM, and that's more of my
gamble play this week, and the smokestacks play is my,
I'll just go with what looks good to me
and what I think is going to continue
to just kind of stay strong and float to the upside.
And honestly, it's kind of like my thoughts
for the entire market right now.
It's just kind of things broadening out a little bit.
News hits something, gives you a dip by opportunity
and we just continue the trajectory until we don't.
So that's where I'm at.
Let me go ahead and get this tweeted out here in just a moment.
I got to make sure I got everyone's in here.
But I'm going to tweet this out.
We'll go ahead and close out the space here.
Big shout out to all of the people that joined us tonight.
And, of course, the ones that couldn't make it.
I always appreciate them getting those pics in either way so we can still have a good list.
And the next show next week, of course.
And yeah, here we are.
We beat the market as a whole.
We have, you see Nick Drendel up here, current champion, holding on to that trophy for us this week.
And we'll see if somebody can knock him back off next week.
But I'm looking at a
couple of his picks and they're going straight on not only am i like nervous about the competition
i'm i've got some watch list things over there from that um and that's what this should be for
you if you uh enjoy the show definitely check out all the different picks check out all the
different speakers and uh you know use these as maybe a launching point to start some of your
due diligence of course don't blindly follow. We never recommend that at all on
any of our spaces. So just a little launching point, maybe a watch list idea. That's exactly
what I'm doing here, especially looking at Nick Trindle's performance. And then beyond that,
the couple of interesting charts that I see him, SEDG and TIG are here. NEGG, I'm going to have to
dig into that one too as well, Sam, but big-R here in EGG. I'm going to have to dig into that one too as well, Sam.
But big shout out to the whole crew.
I'm going to close this out before my voice completely gives out here.
Appreciate everyone sticking in there with me as I power through on this Monday evening.
Big shout out to the audience.
We appreciate you guys.
Wherever you're tuning in from, we hope you have a great rest of your Monday afternoon,
evening, night, wherever you're at.
And we'll be live first thing in the morning over on Wolf Trading for our next show, which is the Futures Trading
Show. To make sure you get that on your list, you can see the full schedule, of course, on the Wolf
Financial homepage. It's my pinned tweet right there. And while you're there, check out this
tweet with all the pics that I'm going to put out right now. We'll see you guys in the morning.
Take care. Thank you.
