Thank you. Thank you. what is up everyone it is monday at 5 p.m eastern which means one thing and one thing only
here on wolf financial it's time that's my best uh br Buffer that I've got for you guys today.
Hey, Bruce Buffer, man, just brings the energy.
I feel like that's like a dream job.
I feel like I would love to be a hype man like that.
I don't have quite the voice he has, Nemo or his brother, but man, the way that they
get you fired up for a UFC or a boxing match is always a good time
that's what i look forward to it no matter who's fighting i just i get i get fired up on that
especially when you get the main event but uh speaking of main event the main event right now
is um stock picks for the week and we had uh two people that absolutely ran away with it. And one guy that was out in the middle of nowhere, drinking water out of a creek, who came in and got that third place podium.
So I do want to shout out the winners and all that stuff.
I want to get to everyone's thoughts.
I see Nick Drendil joining us as well up here, working on getting some of the panelists here.
I know a couple of people were going to be a few moments late today, but we'll make it work either way. Maybe we hit on
some year-long pick updates as well. No time constraints today. Let's start off with what
happened in the last week, and then we'll hit some of the big winners, and then we'll get into
market sentiment. And then in the last half of the show, we'll get everyone's picks going forward.
I have no idea what I really want to pick right now, to be 100% honest.
This market's very interesting.
But yeah, top winners did very well.
The market itself, SPY, 1.24% return since last Monday evening, or basically Tuesday's open,
which we run this show from, the competition from.
Tuesday open until Monday closed. QQQ was 1.36%, so just slightly over 1% across the broader
markets. Our winner returned 13.31%. He hasn't showed up just yet tonight. And our second place
said he couldn't make it tonight, but sent in some picks for me as well.
So I'll get those out here shortly.
And then our third place finisher tripled the market as well at 3.36%.
So I want to shout out first off, Sam Solid, our winner from the last week.
He had NBTS, which I know a lot of that hit a lot of y'all. Newswires,
you saw that high-flying stock. He picked that one last week, 25% return for NBTS.
And we also had AGQ, the silver play from Paper Gains, 13% return. That was our second best
return. He also had ROBN, which even with the sell-off and the recovery today, 9% return. That was our second best return. He also had ROBN, which even with the
sell-off and the recovery today, 9% return on that. And then Story Trading came in third. That's
my friend Ben up here. You see that blue square account up here. First off, make sure you're
following all these great accounts up here, but Burnout, 7.67%. And that's our third place finisher at 3.36%.
So good job, Sam Solid, Paper Gains, and Story Trading are winners from the last week.
Let's dive into some market sentiment.
Ben, I'm going to let you kick us off here on the thoughts,
since you are the only podium person that showed up tonight.
I feel like we should take away their rights.
Maybe we can bump you up.
If you don't mind, I'm giving my picks also because I really had to battle
I'll try to hang on in case you want me to speak on the second app about
something, but I just want to get it out of the way.
Listen, sentiment, as we spoke about earlier, you know, IWM is making a beeline to the 200 DMA.
It continues to be a great stock picking market ever since the QQQ supply gapped over the 200 DMA after the good news on the China trade several weeks ago.
And that's the place I want to be.
I want to be in a place where markets are stable enough so you can stock pick.
And we're still in that moment.
I guess I worry a little bit about what can happen with IWM at the 200 DMA after the CPI comes out on Wednesday.
But I guess I'll just react to it.
I mean, I'm thinking we're going to get a violent reaction.
Either we pull back from the 200 DMA or we gap up above it.
And, man, if we gap up above it, it's going to be crazy for these small caps.
Some of them have really, really interesting charts.
These small caps have been underperforming over the last few years.
We're just getting to the 200 DMA on IWM.
So there is the opportunity for some serious alpha in small caps
if we gap above the 200 DMA after CPI on Wednesday.
So that's my sentiment talk.
talk. As far as the two picks, I'm going to go SPRO and CORZ. So let me talk CORZ first.
C-O-R-Z. So this is an AI data center play. I'm not sure how many people are familiar
with it here, but our community was really on top of this whole AI data center theme really early with NBIS, made big gains on that one, and I rotated out of NBIS into
cores late last week. I wish I held NBIS a couple more days, but I really think, and we really think,
and my colleague at Godfather News really thinks that we're going to see a rotation out of it also with Corwee, right?
You know, one of the things I love to do like trend trades, right, when there's like a certain sector where the sentiment is really hot.
So I have a saying that I say is basically every stock will get its turn, right?
Even the lower quality ones.
Now, this happens to be a very high quality stock, C-O-R-Z.
And, you know, there's fundamental arguments for why it's the cheapest one by far
compared to APLD and CoreWeave and NBIS.
So you have the fundamentals on your side.
You have the sector sentiment on your side.
And when you get, you know, when you're in these sentiment trades sectors trades every
stock will get its turn and cores is really setting up a broker the 200 dma and i think we
can see moves similar to what we saw in nbis and apld over the next several weeks this is my largest
position by far right now um corz you you got 1320 is the next target
it almost broke 1276 today, not quite
several dollars higher, I mean this thing
can trade in the 16-20 range
it's just got to be found
it will be found and it will be known as
the next NBIS. So that's your pick, their first pick, C-O-R-Z, the next NBIS, on the whole CoreWeave
AI data center play. The next one for you, sorry, is SPRO. I'm not sure if I gave SPRO here on this show a couple weeks ago. I may have.
Probably not. The catalyst was on May 28th. I'm not sure if I did, but I gave it on the
small cap show earlier. So very interesting here. Just look at the technicals. First,
I'll give you the fundamentals in a second. But I love these sneaky charts. They did a sneak attack today, man. This thing's been
consolidating, trying to break out. And all of a sudden today, it closed at 276, which,
guess what, is the highest close since the major catalyst on May 28th. Sometimes that's
really hard to see. We're all looking at candlestick, these open candlestick charts. And you got to look at it carefully to be able to see what the closing,
It's been a very powerful technical indicator for me that a lot of people missed. So I actually
think SPRO is going to break out tomorrow because it did get
the highest close, 276 today, since the catalyst on May 28th. And what's that catalyst on May 28th
here, SPRO? The broad spectrum antibiotic called, I think, carbapenem, which is only available IV
for complicated UTIs. And they have an oral formulation
of this, which has been proven to be as effective as the IV. They ended the phase three early due
to efficacy. And they have a partner in this, GlaxoSmithKline. When was the last time you heard
a phase three trial ending early because of efficacy? So this trial ended early. GlaxoSmithKline is going to be paying them some additional milestones and they're going to be
filing an NDA and they're also going to take over all the expenses from here. So SPRO is a cash cow
right here. Okay. A cash cow with about 250 cash and you're getting, you know, you're just paying
20 cents for hundreds of millions of dollars
and additional milestone payments and royalties.
And there's also the chance that GlaxoSmithKline will be buying them out at any time, any day,
could come tomorrow, might never come, but certainly very viable, very possible.
It's a very clean buyout, SPRO.
There's no other pipeline.
There's nothing else going on.
This thing is, you know, it's just a few people. At this point, they's no other pipeline. There's nothing else going on. This thing is just a few people.
At this point, they could just fire everyone.
A few people sitting in an office collecting milestones and royalties.
So to me, if you look at the weekly chart on this thing, and this correlates pretty well,
the 200-week moving average is $350.
average is $350. I think SPRO is worth at least $350. In a buyout scenario, GSK, it could get $4
I think SPRO is worth at least $350.
to $5 in a buyout scenario. But I've been watching the price action on this very carefully. I've been
watching the tape, and there have been massive, massive buyers on this thing. Look at a 30-minute
chart. You see these big spikes every once in a while and then it just
consolidates. Every one of those big spikes were huge, huge orders of hundreds of thousands of
shares each and every single time. They walk it down, they walk it down, then a huge buyer comes
in, hundreds and hundreds of thousands of shares. So I think the value here is really obvious.
We've got a closing high here at 276.
And I think we're on our way to a breakout to the 200-week moving average, which is $3.50.
You've got to get past resistance to $3.18.
I think that test might even come as soon as tomorrow.
And then again, you have that possible optionality upside of a buyout from GSK, which again could be between $4 and $5.
My two picks are SPRO and CORZ.
I'll try to stay on and listen.
And if you need me on the second half, I'll try to chime in.
Appreciate you powering through.
Not feeling too well over there.
You definitely sound not near as good as you sounded two and a half hours ago when I was
going to speak to you earlier.
So I hope you get to feeling a little bit better.
Get some vitamin C in you. C-O-R-Z and S-P-R-O, both on the long side from Ben at Story Trading.
Of course, as always, I will be putting out a tweet with all of these by the end of the show that you can maybe mark down as a watch list or get some trade ideas from.
As always, let's continue around and get a little bit more market sentiment.
Andrew, saw you jumped up here with us.
Great to have you back on the show.
What market sentiment thoughts do you have in this market that's barely moving but floating higher?
Yeah, what's going on, guys?
Yeah, it's awesome to be back.
I was actually away on my honeymoon for about a week.
So I'm approaching this market with fresh eyes, having not looked at the screens for a couple days now.
So really what I'm seeing as I've returned to the office is it looks like from the macro picture,
we know there's a bunch of risks on the table and a lot of uncertainty related to the Trump trade war,
a lot of the policy changes, all that stuff.
But if we look at the market and what that is doing
in the price action, to me, it looks like we're essentially in a mature bull market where we had
that big washout that happened in March and April. It was pretty much down only for a while. We hit
the massive panic on the lows. And then now the market has gone up.
I believe the S&P 500, it's gone up 23, 24% in about two months.
And now we're back where we started.
So in just four or five months, we had essentially a full-fledged bear market
and then now a full-fledged bull market.
So from what I'm seeing, the trend of the market and all of the indices
is clearly still moving to the upside.
But when I assess the risk-reward,
typically what I do is I look at how far those indices are extended
from their respective 50-day simple moving averages,
and I see that they're all pretty extended from the 50-day SMA.
So what that tells me is we're in this bull market.
It's been fantastic, but in terms of adding cash into the market,
getting more aggressive, adding leverage, that sort of stuff,
I'm not really super interested in doing that at the moment.
Another thing that I'm really looking at is
the VIX and the VIX. As the market advanced off the lows a few months ago, the VIX and the VIX
were really compressing. Now we're getting to a point where the VIX and the VIX, they're not
really going down a whole lot anymore. It looks like they're sort of finding their baseline and
finding their floor. But with that said, as Ben was alluding to, we got really nice moves in the headline indices.
And now we're seeing some of those moves happening in the individual stocks.
And some of these are high quality stocks.
Some of them are low quality stocks.
And like I saw the other day, the ARK Innovation ETF just broke out.
The small caps now are catching up.
So typically what I try to follow the sequence of the market,
typically you get like all this uncertainty
and maybe those mega cap names start moving off the lows.
Then as the rally gets more and more mature,
you start to see investors going for the growth stocks,
A lot of times it'll be like the catch
up trades that have high short interest. And I kind of see the market right now. We're sort of
in that phase where a lot of these highly shorted names are starting to rally the small caps,
which in theory, if you think about it, like if the deficit is increasing and inflation isn't
getting better and interest rates aren't getting better. Intuitively, does it make sense that small caps are now rallying?
Not really, but I think we're just getting to that point where investors are buying the market.
All those last holdouts are kind of jumping back into the market,
and we're starting to see those squeezes.
So that's really what I'm monitoring right now as I get back into the swing of things.
I think if you just take the other side and you start shorting everything because of how far the market has rallied, you never really know how far these things can go.
So for me, I'm really just looking for that confirmation of potentially starting to see a turn in the market, a potential turn south in the market. But as of right now, I'm not really
seeing any of those indications just yet, other than the VIX starting to appear that it's bottoming
out. So with that being said, my pick for this week, I'm going to go with MSTR, which is micro
strategy. It's been a consistent theme throughout this year where we've got this uncertainty within
the United States. A lot of investors, they're really just looking for some sort of safe haven or a way to get some diversification from purely the U.S. dollar.
And I think Bitcoin and even gold as well just really plays into that theme.
So I'm going to go with MicroStrategy for my pick for this week, Symbol MSTR.
Thanks so much for having me back.
Do you have a second pick you want to go with?
Do you want to double down?
I could give you like even MSTU,
which is like the leverage version of that,
or do you have a second name in mind?
Yeah, that's really my one pick for this week.
So yeah, feel free to throw me down
for the leverage as well.
So we're going to take MicroStrategy
MSTR and the 2X MicroStrategy from RecShares, which is MSTU, both on the long side,
from Andrew over at Real Pristine Capital. Great to have you back on the show. Hope you enjoyed it.
And congratulations, of course, to yourself and to your bride.
of course, to yourself and to your bride.
Let's keep moving around here.
Nick Drendel, how are you, my friend?
Great to have you always, Nick.
What are you seeing out there in this market?
You know, it's interesting.
I think all of us kind of share the same thoughts
the market just seems to not care about a whole lot but kind of have that like one foot maybe
near the exit door um but it's just continue to float higher but there's some of these individual
like sectors and names that are doing very well yeah i mean we're feeling that way because we
haven't had like a true kind of pullback since we've rocketed off the lows.
We had like a kind of a five day pullback into the 10 day moving average.
When was that? At the end, like May 20th, 22nd.
But really, it's been just kind of the market shaking off any bad news.
Really just clean trends above the five day moving average.
And that's what you tend to get in a nice uptrend.
And last week we had some major breadth expansion in the market.
I took a look at my I've got a list of like 25 ETFs that I use to kind of see where the money's flowing in the market.
And last week, I want to say 22 of them, 23 of them were green on the week.
And that just shows you how strong this market is.
And I kind of over the weekend, I wrote out three things that would make me get concerned
or a little bit bearish on the market.
And until those three things or at least a couple of those happen, I just have to stay
bullish. I'm not allowed to
get bearish because I do personally have just an overall bearish bias. And that's something that I
try to correct all the time because the market tends to go up over time. The leaders will go up
way, way, way more than you ever expect. So I do have a bad habit of having a bearish bias. So I'm trying to build kind of rules and systems in place to make sure that I don't fall into that trap.
So three things that I'm looking at before I am allowed to get bearish at all.
First is the exposure of the NAAIM index that tracks the active fund managers.
And it's something that I've mentioned on the show a lot.
Usually over 95% is when we start to get into a sketchy territory, typically leads into some corrective action.
Not always and not all at once.
But usually that 95% area is where I really start to shorten up my time frame if I'm trading on the long side,
or take a look at the weakest groups, the weakest stocks, to start building some short exposure to
hedge the longs that I had. Last week, we were at 88% getting up there. And then they update this
every, I think it's every Thursday. And going into last Thursday, we were at 88.
Last Thursday, when they updated it, we dropped to 81 while the indexes are making a new high.
And that's just a combination of people kind of, like you said earlier, they have one foot
out the door, any kind of bad news or potentially bad news. They're trimming down exposure. But overall,
they haven't hit that overexposed level while the market and the market leaders continue to climb.
So that's a great sign that this party can continue higher until we get that 95% or above
reading. The second thing that I'm looking for is an unfilled gap down or multiple on the indexes.
When you go back and study market leaders in indexes, typically once you get an unfilled gap
either to the upside or the downside, that's your starting point for a trend change. And we saw it
on the indexes from the 24th to the 22nd of April was our first unfilled gap to the upside.
One day later, the next two days, we followed it with two more gaps to the upside.
And then we started this massive rally.
So the reverse is what I'm looking forward to start to get a little bit more cautious is an unfilled gap down.
And on QQQ, on SPY, on IWO, RK, all the kind of larger either indexes or ETFs that I follow, we haven't had that.
So again, not allowed to be bearish until that happens.
The third one is if we see a large volume breakdown on a liquid leader like GEV, HUD, Palantir, or Netflix.
EV, hood, Palantir, or Netflix. And even with the hood not being included into the S&P 500 today,
we had a great response off the 10-day EMA and an unfilled gap zone to the upside. I did put on
more hood exposure today at that area. Wasn't expecting it to get all the way back over the
five-day, but that's the type of market that we're in. Really supportive action there.
So until one of those three things happen, I am not allowed to be bearish.
I'm telling myself that and I keep taking more long trades with more exposure than anything that I try on the short side.
We are getting, like Andrew said, a little bit extended, but we continue to see more and more groups start to participate.
Semiconductors are really getting going right now.
NVIDIA just closed over its final gap down zone today.
SMH, the semiconductor ETF, is starting to eat into the gap down zone from the DeepSeek response.
When was that? January 27th. So that's a great sign.
The nuclear theme NLR ETF, new highs today. We saw that group really start to rocket with CCJ,
putting in the highest volume in over a year and a strong close today of 10%.
SMR up 2.5%, but right near highs, just riding that five-day EMA.
OKLO bounced off the high-volume close last week, and the 10-day EMA, strong action today, up 7.9%.
So we have two more kind of risk-on themes in the market.
And then last week, we talked about Bitcoin pulling back in an orderly manner to the 20-day EMA.
We had that flush on Thursday when people, I mean, rightfully so, we saw the Elon and
Trump fight and people thought, hey, maybe this is the trigger to start to get a little
Bitcoin had a wedge drop, lost the 20-day EMA on pretty good volume.
And then now we're all the way back into right near previous highs.
So every test this market has had, it's passed that test.
So until it starts failing some of these tests, I'm still going to be playing more on the long side than on the short side.
Alongside then on the short side and just looking to get more exposure into the liquid leaders like hood and GEV, Palantir, Netflix, those type of names.
Appreciate those thoughts. Nick, we'll come back around and get both of your picks for the week.
I want to hit Sam Solid, our current champion, finally decided to show up and join us.
I was about to just take your trophy and give it away, but you showed up, Sam.
I want to see if you have any market sentiment thoughts before we get into the picks.
We'll hit you and then we'll let Jordy throw in some of his.
And then afterwards we'll get, oh, we lose Andrew.
Yeah, I haven't Thank you for having me.
Yeah, I haven't been feeling good all day.
Navitas is up. It's up 25% since last week when we did the show.
Yeah, that one is a good one.
That's just a small company that NVIDIA had a partnership with.
And you basically went from the worst possible sentiment you could think of to now everyone's trying to dive in to get some.
This is not SHIT Co., but they burned a lot of cash and so on.
And it was just getting dumped in a massive downtrend.
So, you know, it's massive short covering rally and it's starting to pick up a narrative.
So we've seen this the same way with other names that NVIDIA has gotten some exposure in.
I think the other one was, I forgot the name of the other guy, Soundhound.
Soundhound was one of them.
I don't know what the deal with Big Bear AI was, but that one caught a bidding as well.
I don't know if it did today, but it's just one of those names, you know,
where it just gets a very good catalyst to the upside and then it just doesn't stop. So that was pretty
interesting to see. And then Nebius today is up. How much is Nebius up today? Nebius is up 9% today.
I think it was up about 17% at the intraday high. That one's pretty nice.
I've been long that one since $24.
So been pretty nice seeing that just continue to move up off the news today.
They're building a 4,000 Blackwell GPU data center in the UK.
And as someone else I was here was talking, but you were talking about the exposure of the NAIM index.
And yeah, that's nearing 90.
And I also get a little bit cautious once it starts to get up there.
But this thing can go over 100, which means that surveyors are using leverage at that point.
But it's still, you know, it's above average.
So I wouldn't necessarily say that it's time to get bearish.
Surprisingly, last week, the AI sentiment survey actually stayed pretty much, I wouldn't say overall bearish, but overall cautious.
But the sentiment that I'm starting to see as far as positioning goes is that, yeah, institutions are starting to get long.
And that's shown through the CFTC futures with them starting to get pretty long here. So I'm not trying to press anything to the upside as much anymore. I do have a few swing calls that
I'm writing. Other than that, it's mostly long-term shares. So just going to let those
hang out for a little bit. I'm getting a little frustrated with certain names in the software industry uh software has actually uh been underperforming the last few days
so i had snou as my other ticket symbol snowflake and it was it was pretty interesting because they
had really good earnings but even after all those upgrades there was no follow-through so
um that i wouldn't say the market leadership is narrowing but um it's definitely rotating into more speculative names and more small cap names.
That's what we've seen today.
We've seen a lot of small caps run pretty hard today.
But it was interesting to see how after the news with Tesla or after news of Trump talking that you saw a bid with Tesla.
And I bought the dip in Tesla, so I'm going to continue riding that one.
And I bought the dip in Tesla, so I'm going to continue riding that one.
It actually went below my stop loss at 300, but I decided to hold on to it just because
I just felt like the sentiment was getting very bad to the point where you had a lot
of people who were long-term shareholders just deciding to sell or trim a big portion
And it was pretty risky, but I found a bidding today.
So it was pretty interesting.
I kept on holding that 290 today.
So what I did was I ended up taking a lot of profit on my Rocket Lab calls today and pretty much closing my runner as it pulled back. And then Estera Labs, I had put credit spreads that I had opened way down there with that one in addition to my core position, but shares. So that's something that I might look to short to in the near term.
Just unsure, you know, taking stabs at shorts right now is pretty scary.
So, you know, I think we've all seen that lately, but yeah, as far as that goes,
the market can keep growing up. You know, it's,
it's not as much as easy to call the top of market as much to call the bottom, because bottoms tend to be V-shaped.
So we'll see what happens.
Appreciate those thoughts.
Sam, we'll get back around to you for the picks here in just a moment, because I want to hear Jordan's market sentiment thoughts.
And then we'll dive into some of the rest of the picks from the panel.
into some of the rest of the picks from the panel.
get the real short going, and
bears just suck. They continuously
I think there's been some fun little
intraday shorts, but overall
completely relentless, and we just continue
to, every time we do take some sort of dip, we are respecting higher
timeframe, bullish order flow.
We are, you know, any lows we're taking out, we're generally sweeping them and reclaiming
This market just continues to be relentless.
So I would love to see a bit of a pullback.
Again, I've mentioned just that previous month, 50% retracement, but it just keeps getting
farther and farther away.
This market just keeps running.
So I have spots for both, right?
If we want to keep going higher, I'm fine with it.
I'm just going to keep playing along.
That's what I've been doing.
I've waited for the bearish triggers to really come in, and they just haven't really happened.
I think I've caught like two shorts in the past few weeks,
which there's been some intraday shorts for sure,
but, you know, I like to be following that higher time frame,
and so a lot of the time those shorts are just into bigger time frame spots
that end up being bought up by bowls at the end of the day.
So I'm watching these areas if we want to take out you know we we previous week high where is
this uh 935 we were mentioning that in spaces plenty um over today and if we want to take that
out and continue over that i think we are in for,000 to come and play on the NQ futures.
But I think that high could be a problem. And I think we already have reached that high on ES. So
a little bit of divergence there, not quite hitting it on NQ. So I find that interesting.
So I'm watching that, right? That could be something bearish there stepping in. And I
really just would love to see a retracement to to these kind of daily range lows into that to that monthly 50 percent so you know if we if we end up getting a pullback I'm happy to play it I would
love to get some some downside from here and just retest some big areas to then go higher and hit
those all-time highs it wouldn't it would mean I'm super bearish on the market just kind of short-term
bearish I guess uh but I just I just don't know if that's going to happen. This market keeps telling me different.
So kind of just playing it by ear every day.
But when the short opportunity is there, I'm ready for it.
But as soon as it fails, I'm always flipping back to the bull side.
So that's kind of how I'm feeling right now.
Yeah, I'm with you, Jordan.
The bigger picture, you wonder, does the market not care about
tariffs anymore or the tax bill? Are they worn out by the news headlines and stuff at this point,
and we're just going to float higher? I mean, today's volume was the lowest we've seen in
over a month. I was measuring that out during the last space we were on. And here we are,
we're just continuing higher. Like you said bull market vibes kind of suck i don't know about you but it's bull market vibes that slow grind
multi-price action up but you you do really is you do get this is getting crushed yeah you do
get those fast moves up here and there but you got to be on it like early in the morning for the
most part right the rest of the day can be just very slow and choppy, kind of like we saw today.
So I just think picking your opportunities is key.
But obviously, I think I forgot who mentioned it at the beginning, but it's just that moved down.
And then what we've seen from those lows, from the tariff and news lows, it has been
I actually thought we kind of flipped into a bear market
for a little bit. Whereas now, if you ask me that, I would say I was completely wrong on that.
And it was never truly a bear market. That was all just run of so many stop orders. And
I don't know about you personally or anybody else on the panel, but the amount of people I had
personally in my life that were like, oh, I'm exiting the stock market. I'm taking everything out towards lows. And so that just
goes to show that there's so much liquidity generated from all of those people getting out
and look at where the market is now. So I find it very interesting, the move we got,
very similar to COVID, very fast.
It took a little bit longer than COVID to recover, I think, but very fast. You know what they say, that stock market is the only place where things go on a 20% sell and people run away.
We were saying it at the worst of it, right?
Ben, I saw your hand go up.
What comment do you have?
Yeah, I was just going to say, it's exactly like COVID, what's happening over here.
But I just want to respond to what you said.
You're like, you think like what's going on?
Like people don't care about tariffs, what's going on, all this economic data.
I have a thesis that this is all being driven by AI, meaning improved productivity.
AI is getting integrated into the workforce now, and that improved productivity keeps
inflation low and increases economic output.
I think a lot of this may have to do with that.
So I don't know, just a thought.
I'm not an economist or anything, but that's what I thought.
Sure. No, I generally agree with that, actually.
That was kind of one of the balancing points of this entire thing.
Obviously, people were projecting out the tariffs and trying to model it in.
I think it was the uncertainty probably more than anything.
That's what the markets really hate.
But we are still in this AI revolution, and that hasn't gone away or changed. And if anything, it's still the early stages. Even
the arguments that it's creating a bubble, I mean, if it is, we're in the early stages,
in my opinion, of that bubble still. But on the rest of my point that I was going to add on to
the end of those comments was the market doesn't
care about it until they do.
And I do think there is a risk.
I mean, the short term risk is probably to float higher, but it seems like at some point
the tariff stuff will start to resurface and we may get some type of reset a little bit
But from a technical standpoint,
other than the big gap that we left down below, we've built a pretty strong base over the last
three to four weeks that we broke out of, back tested and have held above. And we're just
continuing to float up higher. We're less than 2%. At the high today, we were less than 2% on the S&P
away from all time highs. so you know it's uh
trade trade the trend until it stops working i guess at this point um but with that said um
that's uh market sentiment from everyone just want to point out that course pick i gave you
like 50 minutes ago it's already uh rocketing here after hours up like 20 cents oh boy uh well
i'll say this, anybody that's,
and I know I've already got two people that, you know,
phoned in their picks because they couldn't make the show that are both on
the Tesla long side or the two X labor paper gains.
Let me just throw these out there real fast. So paper gains, he's,
he's got a conflict tonight. He sent in TSLL,
which I'm looking at Tesla right now is up two percent here in after hours it's back to three fourteen and a half right now so it's always
going to be fun when it like gaps up before the competition starts I will financial also
that that's my pick because I'm number one I was first place right so i get first dibs
yeah um so i don't know how to do that well what we can we have multiple versions here so paper
said he he wants robn and he wants a 2x leverage tesla sometime so if you want tsll what i can do
is i can give him like short one of the because wolf you can get you can give papers short one of the... You can give paper TSLT.
Well, Gav has TSLT, but what I can do is one of the short...
So he's going to short TSLV.
That's what we'll do for paper games.
No, I'm going to do all of those tickers, man.
Let's go ahead and jump into it because, Sam, I've got to clear up some of this because of the phone in,
and I don't know who's going to show off.
What two picks are you looking at?
And ROBM is the only one that I think I won't let you still see.
No, I'm not going to take ROBM.
That solved all my problems.
What tickers do you want?
So I will short TSLZ, which is the Rexhares two-tongue short Tesla ETF.
So I'm not going to step in any of the two, which is fine.
And the other one that I want to do, it's very hard to pick
something right now and I was thinking about doing
mostly because the news that came in today was not
I think I'm going to short ASDS
so TSLZ 2x leverage Tesla but on short side, so it's a bet on Tesla to go higher.
Obviously, TSLZ short and then ASDS short.
You know, actually, that crossed my mind a little bit when I was kind of trying to figure out what I was going to pick.
It actually crossed my mind a little bit because, you know, you're to if if for people that maybe weren't aware uh
they asked trump about elon and tesla a little bit and starlink and he said starlink's a great
product i have no plans of getting rid of it uh that was the short version of his comment there
so uh we did see uh asts and some of those other names pull back there. So Sam Solid, our champion from last week,
he wants 2X leverage Tesla to the long side, essentially,
but he's going to use TSLZ short to pull.
It's going to look interesting having two short picks on your name, Sam.
And then ASTS on the short side.
So we're going to have two shorts here.
Let me get this typed in.
The problem was like, the problem was like, if I was going to short ASDS, which I was
thinking about doing it after, I was thinking about doing the close with puts is that it
needs to be tactical and I could very well get my face ripped off on this one.
And the other reason why is because if it if it does pull back it's
not likely it's going to stay there the market stays bullish so i guess it is a little bit of
a hedge but at the same time i think the sentiment as far as uh liquidity that goes with the tesla
a lot of people were just selling because they just kind of gave up like they're like looking
for a reason to exit and then i mean what do you think is going to happen now like it looks like
they're probably just going to get back in or something yeah i mean it's like space is still bullish and you know
that's always when you play the news headlines like a lot of times they reverse back and then
the original trend continues after that after it kind of resets a little bit but actually you know
i i considered taking that as a as a pick too, because I was like, how aggressive do I want
to be as we're just slowly floating higher?
Let me give a quick update on what all picks we have so far before we hit the last couple
Ben from Story Trading, C-O-R-Z-S-P-R-O.
Andrew, Real Pristine Capital, MSTR and MSTU.
Andrew, Real Pristine Capital, M-S-T-R and M-S-T-U.
No, I'm sorry, TSLL, Long, and ROBN on the long side as well.
That's 2X Leverage Robinhood.
Gav, Wolf Financial, he has TSLT, and he has Regularhood.
He wanted Robinhood too, and I had to tell him no
because Paper had already gone with that.
And Sam Solid just took TSLZ on the short side
and ASTS on the short side.
And with that said, let's go over to Nick Drendel
for a couple picks from my friend Nick Drendel.
First, I'm going to go with TEM.
But I love... There you go. Yeah, you cut out for just a second. I thought Nancy got you for a second.
No, no, I had an alarm go off. But so with with TM, I really like what happened with the short report on May 28th, where we gapped down, was down 19%, touched off the 50-day moving average, and then had these two tight bars before.
I think the company might have responded or something the next day on June 2nd, but really strong action just right back through those moving averages, up 15% that day. Then we had four days where we just kind of floated
sideways, tested the 20-day moving average, and then finally got going today, up 7.8%.
And I bought this today through Friday's high. And I just think the stock has frustrated enough people, and we've had that massive shakeout
right at the end of the right side of this base, where anyone who got shaken out there
is going to be pretty tempted to get back in if this starts rocketing.
It looks very similar to APP back in 2024 at the beginning of the year, where it had this really long base.
And then, I mean, picture exactly the same action, down 9%, not as strong, but one down day, two tight days below the 20-day moving average response with a 12% up day.
response with a 12% up day has a couple more days trading sideways, and then it exploded from
45 up to what APP did, ending up at like $500. Not saying that TEM can do that,
but we've had the shakeout. We've had the base construction necessary for a very fast move.
We're in a market that is getting more and more risk on with the trades. And because this is
an IPO and it's done all those things, I think it's one of the candidates for a pretty sharp
move higher. And there is the Nancy effect that Nancy Pelosi has a position in this. I don't really trade based on that, but I guess it doesn't hurt that that is going on.
But that's going to be my first pick, TEM, on the long side.
And then I'm going to stick with the nuclear theme that I talked about earlier and just go with SMR.
There's not a technical buy point here, but it's held the 10-day EMA later last week and then had the great action
on Friday back through the five-day moving average and the previous day's high. That was really the
technical buy point through 3250. Today, we bounced at the five-day EMA, closed really well.
You have the entire nuclear theme starting to work really well. And I think this
is one of the leaders, if not VLeader in that theme, because it has this massive double bottom
base, had a move on the highest volume ever, and had the strongest day two move after all the
nuclear kind of stocks had their big one day move up. This had an awesome day too, up 17% before that
volatility kicked in. So we'll go SMR and TEM on the long side. Nick Drendel with TEM and SMR.
Following the thematics, it's interesting in this market where it's like any random day,
these thematics can really get going again.
It's like they may be cool off for a couple of days, but not.
I mean, some of them don't even could you mentioned like it's not maybe an exact spot I would enter right now.
But it seems like these thematics are just any even if they do pull back a little bit, like within the next few days, you probably get another pop out of them.
I mean, that's the market we're in.
When the market does change, when we do get that gap down or a heavy break of a leader,
then there's going to be a week where I'm saying all these bullish things and I get punched in the face.
But until that happens, I'm going to be playing from the long side.
Well, as Jordan was saying, the higher timeframes,
just the bullish trend just remains intact. I mean, the market can have its pullbacks,
go sideways for a little bit and shake people out just for the next leg up. I mean, I'm a believer that we're still in a long-term bull market. I don't think, I mean, I like to think that we kind
of broke that bull market in 2022. I would not say that last April was the end of a bull market.
I mean, technically it was not in a bull market and technically was for other indices, but I still
think that it's still intact. And until that all changes, I'm someone who's going to keep buying
the dip. And that's just the way that I've been doing it. And given my age, I've never actually
lived through being fully invested in a massive bear market.
You know, like a 2008 can happen again.
And a lot of people are going to keep saying that's going to keep happening.
But if you look at the trend in the long term over the course of 100 plus years in the S&P 500, not the S&P 500.
I think the Dow Jones is probably a better track for that one.
And that correlates with technology.
So many people try to spend more time calling the top than they do trying to call the bottom.
And the problem with that is that if you call the top right, what makes you think you're going to get in at the right time?
And plus, what makes you think that the top could not be 20% up from here?
Because what if you're going to keep calling the top over and over again then finally it tops at sp7000 and then the pullback 20% drawdown is
it pretty much right around where we are right now are you going to get back in or are you going
to think like oh well it probably has further to go down because when we when es was at pretty low
that night i think you know what i'm talking about when When ES was at, I think it was like 4880 something.
There were people who were on the spaces still talking about lowering ES. And it's just, I mean,
I get it. It could do that. It could do that. But the sentiment is just there that people are still
hoping for it to go down. And it is, I think one thing to be cautious about is that the sentiment
is starting to dissipate. People are starting to capitulate. And even with hedge funds managers, like the first one saying before,
NAIM exposure index is almost at 100, right?
And when that thing gets over 100, that's putting on leverage, right?
That's when I get – I would be very careful if that happened.
But until then, that long-term trend just still stays intact.
All right. all right uh sorry i was trying to get knots up here on stage uh jordan i'm gonna go over to you next and get your couple of picks for the week and then we'll let not sneak in here to get his
two picks in well i'm not i'm not gonna go against this I think I tried. Didn't I try that last week?
It wasn't as bad as you thought. You were short TQQQ and long SQQQ.
And your average return was still just 3.84.
Well, we ran through all those areas.
So we're doing the opposite.
We're doing long TQQ, short SQQ.
I had a suspicion that you would do that.
What's your analysis on that?
From the higher time frame and just the risk is just we float up?
Well, for one, just again, the sentiment, which isn't really a valid thing for me to
just be taking trades off of, which I'm not, but like just for the weekly competition,
I'll say, I mean, look at every dip that we've gotten.
It just gets eaten up, you know?
So would I like to see a move lower?
Of course. But I think from what
the market's told me on a higher timeframe continuously, I'm not going to try and go
against it. Maybe we finally take a nice dip or whatever, but I'd rather bet that we move higher
with the sentiment that the way it's been. And the fact that, I mean, the areas that we needed to hold for me from last week,
I know we were talking on stock picks from last week,
and I was kind of saying like, oh, it's kind of make or break here.
You know, we really need to move lower from here fast,
or else I'm not really liking it, and that's kind of what's happened now.
And we're getting a lot more structure for the upside, in my opinion.
And then we have data this week, which might be interesting, might play a factor.
We got PPI Thursday with unemployment claims and some stuff on Friday.
So I think that might play a role with some volatility, maybe get us pushing to where
Or maybe it brings a dip.
Either way, I'll just play whatever the market's telling me to play.
I'm constantly reacting to the market's telling me to play i'm constantly
reacting to the market i'm really not trying to guess uh so you know if we end up moving down
that's fine no worries i'll play that way but i think it's better for me to bet to the upside
here i mean we completely even on the four hour this is last week the four hours kind of where i
was betting on like oh we need to hold and go lower. And if we're super bearish here, we should.
And Thursday was like it.
Friday just didn't do it for us.
We ran through all those areas that basically like we made bearish imbalances to the downside
And we're just running through that.
If we're bearish anywhere in this area, that should just not be happening.
It just shouldn't be happening.
So I'd rather bet that we go take out these highs that are above us.
I know we took out some big highs today that we were already waiting on for NQ, that 873.50.
But higher time frame still has us potentially going higher if we want to keep it going.
And I'd rather bet that we keep it going than turn around from here.
So I'm looking for that 935, 21,935 on NQ next.
And then, you know, into 22,019,
that's really ultimately where I think we need to go.
But again, with the lower volatility,
how long will it take, right?
VIX is really trying to break under the 17.
I don't know if we can do it,
but it kind of did it previously last week but no real continuation under it so
i'm trying to hold this area i don't know if it can do it or not but either way um i'm just gonna
try and play with the market what the market tells me to do and right now it is not giving me
the support to be to be bearish right now so we're just gonna play with the long if if we end
up getting you know support for it and turn around you know Wednesday or something this week
then cool I'm happy to start playing the short side a little heavier but it's just it's not
there for me right now I'd rather bet we go higher into that 22,000 so that's kind of my thoughts
there yeah no I feel you on that I'm I'm kind of in like yeah it's been mentioned by a couple of people on here. It's almost like
I don't want to fight the market right now, but I'm just not deploying a whole lot of anything.
I mean, I can day trade the futures a little bit here and there, but
it's not a whole lot that I just love the risk reward on up here. So I don't know if that's my
style of trading. And of course, a lot of these great panelists we have, have their different thematics or different styles.
They're absolutely crushing this market right now.
Nuts, got you in here at the bell.
Glad we snuck you in here.
Want to see what two picks you have for us this week.
You know, I may lose connection in the next two minutes.
So I'm going to hammer these out really quick.
AMDL. Just looking at AMDdl want to break out here yeah uh the 2x leverage long 2x leverage amd okay uh yep um
it looks like you know we could reject here especially if obviously if the market does as well. But if we break out here over 660 on AMDL,
and really, you know, what I'm really looking at is the AMD chart itself.
Getting over that 123 to 127, 128 in the next few days.
And AMD's been pretty strong.
You know, it's been cupping the past few days,
or I should say two weeks.
You better hammer out that second pick quickly
because you're losing connection.
Hammer out that second pick quickly because you're losing connection uh-oh
oh he's he's he's in the gulag
he's hey give me your second pick give me your second pick. Give me your second pick.
We didn't hear any of like,
I heard AMDL and then like it just started rugging.
I know you've been all over that play recently as well.
Well, Nats, I'm glad you tried to sneak in with you. I know you're out on the road losing
connection there, but let me recap the picks. I'll throw my picks in here a little bit.
Knott's just coming in here with AMDL on the long side, that's Twix Leverage AMD,
and then OSCR, Oscar Health on the long side as well.
This might be the first week in a while we haven't had one single earnings type of pick
from anybody on the crew here.
And I'm going to break that streak because I like Oracle, ORCL on the long side.
And I am long this name, both names that I'm going to give today.
I'm actually long equity on uh not any options
just equity um but orcl oracle i like the chart we have a a fairly strong chart that's not making
a new all-time high into the earnings report which i like better than what we saw with uh
with abgo and uh crowd strike last week uh, ORCL is my first pick.
And my second pick, Industrials.
Industrials are breaking out.
I almost went XLI. But, Jordan, when I tell you that nothing, and I mean nothing, runs like a deer,
there is nothing that runs like a deer.
DE is my second pick. DE, baby, get it. Nothing runs like a deer. I like John Deere. DE is my second pick.
Nothing runs like a deer. No, there's a lot of industrials that look really good right now.
Boeing is moving really well. That entire indice, XLI, I almost went with that and DE.
But I did long DE the other day. This is closer to the $500 range.
So it's already moved up decently,
but it looks like it just wants to keep going. And industrials as a whole look like they want
to keep going. So I'm looking forward to it back-tested nicely, caught the EMAs and gapped
up a little bit, held in today. If it can get through this 525 area where the little gap down
was, if it can just get over that, I think we're going to run
through and make some new all-time highs. So we'll see if DE plays out for me. And then Oracle,
Oracle's reporting, I believe it's on Wednesday. Yes, Wednesday, Oracle's reporting. This chart's
already breaking out. It's kind of a tough call here, but I just think there's a chance that it
does very well in the earnings
So we'll see what they say on that call.
But the caveat is I am long both of these stocks
but we're going to see if we can get some continuation.
And it kind of goes with my general thoughts.
I just don't really want to push the gas
on a whole lot of new things in this market right now.
play out. I have this entire tweet typed out here. Let me make sure and get Knox's second pick in,
OSCR, and we'll get a tweet sent out here on the Wolf Financial account. Let me make sure I copied
everything. And if anybody knows there's any error, please tag me immediately or DM me immediately and I'll get it corrected.
There we go. Boom, posted. All right. I'll go ahead and pin that up top here for a second.
We are at the top of the hour. We don't have any hard cutoff today, but
do want to shout out everyone that joined us this afternoon. It's always interesting.
We have so many different perspectives on this show.
I love hearing all the different picks and thoughts.
I do want to shout out the year-long picks real fast as that tweet is getting pinned up to the top.
Hopefully you see it up there in the nest with everyone's picks.
Let us know who do you think wins.
In the meantime, I want to look at where we're at on the year-long.
Just a quick update as we close out the show here. We spy year to date 2.32% return QQQ 3.81% return.
Hope he gets the feeling better.
But Ben's two plays are now up between the two of them on average 87% year-to-date.
Root is up over 110% year-to-date.
ASTS was his other one, up 65% year-to-date.
Gavin second place at 52%.
And Nick Drendel still in third place there, 40 40 hanging in strong with his two picks that rblx
just keeps going nick that one yeah i've actually heard a lot of chatter you were early on that a
lot of people are catching up to that you have any thoughts i i know i asked you this maybe a week or
two ago but when i look at this chart like what do you even do with this chart do you just keep
holding like if you're in this play do you just hold this or what do you even do with this chart do you just keep holding like if you're in this play do you just hold this or what do you even do with a chart that's going up at a you know
60 70 degree angle yeah i mean it's it's definitely steep but it's not doing anything wrong until
today was literally the first day that we had an unfilled gap down still closed above the five day
moving average but like that was literally the first
i was like huh there's some weakness there but i wouldn't want to just catch in the position
the first weakness i thought i picked this because of its massively base um kind of like a
secondary after that initial run up but it based for three years from 2022 to the beginning of
2025. And from those big bases and especially IPOs that didn't have their time in the sun
the first time around, after a big base like that and you just strong market,
market, the stocks can go way higher than you expect.
So I am not trying to screw this position up.
And if anything, pull back to the 20-day in May.
First time I pull back to the 20, that's going to be like an ad spot for me.
So until more of those like warning signs stack up and we see some like big volume breakdowns and lower highs, stuff like that.
I mean, it's not going to get a cleaner uptrend.
It reminds me of Hood's chart in a way, the way it based for so long after the IPO.
I think there's a few other names that have kind of done something similar.
It reminds me of Abercrombie. Yeah, that just had the 20 day EMA for 250 something percent. So
hopefully it just kept going. Yeah. And I look at this, like I use a daily nine EMA and we haven't
closed a candle since April below the daily nine EMA. Even any time it touches it, it gets bought up immediately.
And we'll call it here at the top of the hour, Nick.
I always like getting, if we have some extra time,
always like going over these year-long picks and getting some updates on stuff.
Jordan, when you mention this, your CLH is still doing very well.
It broke out today a little bit, up 4% today.
Oh my gosh, I can't believe it.
Is Celsius back from the gulag?
One in the chamber down there at the $20 range.
One in the chamber and it survived.
I cannot believe it. Oh my gosh.
You always ask. You don't want to know your other 60 percent in the what yeah yeah 60 percent year so the the top picks
we have on the year-to-date picks uh root from ben is up 110 uh hood is up 96 right now. That's Gavs. ASTS is up 65.
That RVLX from Nick is up 61.
And then you're next, so that's at the top five.
You have CLH Celsius at 60.5%.
A couple 40 percenters in here as well.
I'm looking at Uber upber up 41 percent and uh baba from uh baba was
andrews one of andrews picks up 43 percent year-to-date so really good stuff there and that's
dude a year-to-date is tough we got a good team there's a good mix of stuff on here too so we'll
highlight that maybe i'll do an update tweet uh soon uh in the next couple weeks or so we'll do an update tweet soon. In the next couple of weeks or so, we'll do an update of all those picks
that were given out beginning of the year.
But with that, we are going to close out this show.
It has been a great Monday here on Spaces on Wolf Financial
and the entire family of networks that we have.
You can see our full schedule, of course,
pinned on the homepage to Wolf Financial.
You'll see all the spaces we
run. And then obviously we have our Wolf Web 3, our Wolf Crypto account. We have stocks on spaces.
We have Wolf Sports. We have all kinds of stuff going on outside of Wolf Financial. And then of
course, Wolf Trading. If you're into trading, that is where we are live all day, me and Jordan,
every day, talking, analyzing markets, breaking news, whatever we can get out to you.
We try to get it to you. And when it's slow like it was today, it turns into a little podcast where
we just kind of talk about whatever and laugh and have a good time. So definitely check out
that Wolf Trading account. It is in that pinned tweet as well. And then, of course, up top this
week, pinned into this space, you'll see all the picks that we just
got from our panelists who do you think's going to win who do you think takes it home this week
i'm telling you nothing runs like a deer but there's some really good picks uh tesla up two
percent still here after hours hit 315 there briefly a few moments ago so boy that may uh
it may put a wrench in some of those tesla picks if this thing just
gaps up and opens tomorrow because competition as always goes from tuesday open until the next
monday close and with that um i'm gonna sign off we will be back bright and early tomorrow jordan's
gonna open that up for us at 8 a.m eastern it'll be it won't even be bright and early for me and
jordan it'll be dark and early for me and Jordan. It'll be big black 5 a.m.
We'll talk some futures for about an hour, hour and 20 before the market opens with some
great minds in the futures trading space and then a full schedule.
After that, live trading.
We've got some earnings talk.
We've got Tesla deep dive.
Some AI tools that we'll talk about
So we'll see all of you tomorrow, bright and early.
Thanks for tuning in here to the Stock Picks for the Week show.
Big shout out to the crew.
As always, make sure you follow all of them.
And with that, I'm signing off.
We'll see you guys tomorrow.
Have a great afternoon, evening, night, wherever you are at.
We appreciate you tuning in.
Take care, everyone. Have a great afternoon, evening, night, wherever you are at. We appreciate you tuning in. Take care. Thank you.