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Stock Picks for the Week
Recorded: April 6, 2026 Duration: 1:14:42Space Recording
Full Transcription
Thank you. Thank you. What is up, everyone?
Welcome in.
Happy Monday, day after the Easter holiday, the low-volume day on the S&P.
It's April the 6th.
This is Stock Picks for the Week here on Wealth Financial.
That's most of the crew working their way in up here on the panel with me. Excited to get
everyone's updated thoughts. We had just a banger of a week across the board. It's a fantastic job.
I'll go over those in just a second. As we dive into things here, if you are down below,
make sure you like the space, maybe share it out for other people, let them know where you're hanging out, getting your different thoughts
from all the great panelists. Big shout out to all the people that join us up here each and every
Monday, spending their time with us to share their market thoughts, their different picks for the week
and just overall, I mean, alpha is what the kids call it, I guess. So shout out to that.
There we go.
Some more of the crew joining up here with us on this Monday evening.
Today, the lowest volume on SPY in over a year since February the 19th of last year, 2025.
Did we see lower volume than we saw on SPY today?
That includes Black Friday and Christmas Eve trading.
We had lower volume today on a full day than we even had on some of those shortened periods.
So D-Day tomorrow, I guess.
Decision Day tomorrow kind of makes sense.
Obviously, there's some holidays going around, especially in other countries.
Several people have federal holidays today.
A lot of people may be just taking it easy at coming off of the holiday weekend that some celebrate. So
big shout out to that. Let's get into some of the results and then we'll get around to the panel and
get everyone's updated market sentiment thoughts ahead of what maybe is a peace still? Maybe is
the straight opening? Maybe it's an escalation. Who knows? I guess we'll find that out tomorrow. But regardless, here we are. The market itself, QQQ, was up 4.29% since last Monday. SPY, up 3.13% since last Monday. That's actually Tuesday's open through today's close. So we'll say Tuesday's open through today's close.
Our panelists, we had just a stellar performance by multiple, multiple people here.
So I'll shout out all of those, and then we'll dive into some thoughts here.
Current champion Michael Knauss with his return, 27.19% for Michael Knauss.
Also, top pick of the week was SATL long idea that he gave out last Monday
evening. 48.73% return in just a week's time on SATL for Michael Knauss. Total average that 27.19.
Second place, it goes to Mr. Will. Will had a 13.70% return.
He had the third best pick with AMDG.
That's 2x leverage AMD long that gave him a 22.52% return.
And third place goes to my co-host who's slacking his way in here at some point.
Jordan, Jordan, 11.70% return.
GDXU was his best pick.
Just over 18% return on the leveraged gold miners there.
The second best pick of the week actually goes to Ariel, 22.61% on AXTI short.
So well done on that.
That's our top of the panel.
Honorable mention, we'll throw in Evan's name here.
Somehow, someway, Evan is not on the
top three, but he had a 10.95% return. So I'll mention him as he runs a space over on the other
account right now. And also beating the market, Nick Drendel, 4.92% return from Nick Drendel.
Well done, crew. Let's dive into some thoughts. We'll start off, Michael Knauss. Well done, crew. Let's dive into some thoughts. We'll start off, Michael Knauss.
Well done. 27.19% return this past week. Great to have you back on the show again.
I'm just curious, any commentary on the SATL pick, of course, best pick of the week,
almost went up 50%. And then, of course, any market commentary, any thoughts around where we're at here kicking off April?
Yeah, thanks.
So yeah, SATL worked very well.
Not much commentary on it other than, you know,
you play the systems that you've built and every now and then you get lucky, right?
And that's, I remember an old training mentor of mine
always just drilled into my head,
this game's all about just staying alive long enough to get lucky. And that was one of those
that, you know, can make a month. So that's good. So hopefully we can do it again. Commentary on
the market, not much has changed really since last week. Sorry, I'm trying to find the date.
Oh yeah, no, quite a bit. So last week we were looking actually really bad.
And I think a lot of us had kind of mentioned that we were, you know,
things were looking overdone, that it was time for a bounce.
I think I had mentioned some SPXL that I had taken based off a system
that was showing that, again, we were due for a bounce and we got it.
But that doesn't necessarily mean we're out of the woods.
So just like I always seem to be the bubble burster to both sides
and just like I was bursting bears bubbles last time,
I think I'm going to do kind of the same here with bulls in which it's a bounce,
But it's just that until proven otherwise.
but it's just that until proven otherwise.
So what I'd want to see in order to have more faith that there is some sort of bottom as opposed to just a tradable bottom or a tradable bounce is what happens when we pull back, right?
The first pullback is always to me the most interesting because there's one of two things that happen.
Like say we wake up and there's bad news and the markets are down 2%, 3%.
It's either people are very excited
because they had missed the initial bounce that we've had
and they said, okay, now I can buy in at a better price.
Maybe I'm a fund manager that puked things out at the lows
the way it always happens or whatever it is.
And I'm excited.
Now I'm getting a little bit of a pullback.
You know, talk 640s to high 630s on the SPY.
And they go, great, finally I can get back in.
And you get overwhelming demand there.
But then the other part of it is just that people look at it and say,
oh, you know, I have no interest in buying on this pullback.
And that's how you get lower or higher, lower highs and higher lows.
So if we bounce, we fail here and you get a new low,
then sorry, you get a lower low from here.
That's a downtrend.
So far, this really hasn't felt to me like a downtrend.
It was just kind of this slow meandering bleed lower.
We didn't really have any sustainable bounces
that rolled over and made new lows.
So, you know, I'm happy that I was long into this bounce
and was able to make a few bucks doing it.
But for overall health of the market,
I'm just more concerned with, okay, what happens next, right?
If we pull back again, 640s to high 630s,
that's where I'm really going to be laser focused
because if I start to see buying in there,
then yeah, maybe we're continuing this FOMO rally.
If nothing happens,
if we just kind of slice through those levels
and we start to challenge high 620s,
then it looks like we might break down and make lower lows.
And that to me is like the first, you know, looking at the chart,
the first thing that I can say, okay, that's an official downtrend
all the way since like the tariff tantrum.
That's the first time I really see like, you know,
a break of important levels, a bounce, and then a failure at that level.
So that's all I'm looking for.
I hope
the psychology there makes sense. You know, every time there's a pullback, there's either people
waiting in the wings to buy up or if the bids just leave the station, we have new lows. Well,
now we're talking something a little bit more substantial to me. Just because I hadn't been
here in a while, I'll just kind of rant. My whole premise for what I think is going to happen this year
isn't really based off of news flow or anything like that.
You guys know I'm not into that.
But I have actually my Stock Traders' Almanac sitting right here on the table I'm picking up.
And I've been thinking this all year.
But if you look, if you're not, I know you guys have Jeff Hirsch on here from time to time. If you don't have your stock traders almanac, definitely pick it up. It's an important
year in which there's a very common seasonal pattern that happens this year. And that is
a whole lot of nothing until October, November when midterms are over. And I'm not one that I'm
like a huge seasonality guy,
but anything that's politics or taxes,
I think is unavoidable.
And, you know, this is a politics one, right?
So it doesn't seem to matter who wins,
whether your side or the other side wins.
It's just the fact that the market doesn't know
who's going to be making the laws.
So is less committal about making bets one way or another.
October, November comes, usually we resume and trend to an upside.
So that means if you're someone who doesn't have a game plan
for this whole buying, dip, selling, rip thing,
might be a good time to either develop one or day trade
or take some time off or do something different
because so far we've been tracking
that seasonality pattern of choppy mess until later pretty perfectly.
So let's see if that continues.
So, you know, a bounce from here might not mean new all-time highs.
Everything's great.
It might just put us back into this annoying range that we've been in now for like six,
seven months.
I love those thoughts there, Michael. Just one quick follow-up question. I'm just curious here,
when you do see it kind of like you discussed there, a little oversold bounce for a trade opportunity is the way you worded it. I thought that was perfect.
Taking some chips off the table here and then saying, hey, do we get maybe that higher low?
You know, come back down and test the lows a little bit.
Or do you look for a reclaim of an area?
I know you're pretty reactionary in looking within your systems and stuff.
Just curious how you kind of approach like after we have this, you know, pretty decent sized bounce into some downsloping EMAs and previous area of value.
Yeah, well, I'll even go like because the system that made me buy on Friday wasn't
necessarily mine. I'll just tell about it. So this is a variant. I have my own kind of machine
learning stuff that I put into it.
But it's a very well known study from Larry Connors, which is the two period RSI. So everyone
knows the RSI. For some reason, it gets defaulted to 14. I read somewhere that has to do with like
lunar cycles, which makes absolutely no sense. But Larry Connors in like the 70s, I think,
But Larry Connors in like the 70s, I think, published this two period RSI strategy and
you simply take your RSI, you change it to two, you're looking for incredible oversold levels. So
like under five for a purchase. And then you sell when the RSI then dips back into the overbought
area. And I did that kind of on the weekly chart here. And again, some more filters and everything
that don't really matter that much.
But the main premise is you're looking for a stock
that is strong, however you define that.
In this case, the S&P 500 is a great one
that I like to utilize this on,
because worst case scenario,
if I miss time and entry into the S&P 500,
I'm not going to go
bankrupt. At some point, things are probably going to be fine. But you're buying when the two-period
RSI is oversold and then you're selling when it gets right above 70. So I'm looking at this right
now and the level is not quite there yet. Looking at it here, yeah, not quite there yet. Maybe if we close, it's like 68.
So if we have another little pop and we close the week even a little bit higher than we are now,
then that will probably be my exit on that.
So it's a good strategy to look up.
You could look it up, right?
It's very public.
Again, it was published ages ago.
It still holds through it's very public. Again, it was published ages ago, it still holds through
on the indices itself. Just note, it's a very high win rate, like a 70 something percent win
rate. But to achieve a high win rate like that, you're like, by definition, going to have a one
to one or even a negative risk reward. So this is one of those that it's like, you're not,
you're not going for home runs here, right? You're going for a little bit of base hits.
You're trying to stay engaged.
You're trying to make a few bucks with a really, really high win rate strategy.
And then you could look at that as like income strategies, right?
Anyone who trades options, if you're selling credit, you're right very frequently.
But every now and then you get hit.
And that's this particular strategy is that it's going to be right many, many times.
And because there is no stop loss or anything like that, it's simply selling the next time
the RSI reads overbought. Every now and then things are going to go awry. So it's one of
a whole bunch of different strategies that you try to trigger. So that's what I'm looking at.
So any more up move from here, I'm assuming that RSI will cross that 70 point.
And if we close up here by Friday, that will be the exit on this trade.
I really appreciate that. Further commentary, kind of deep dive into the thought process there. I'm
kind of shocked that you don't have moon cycles on your chart i just i thought
that was on the cmt exam for sure but we'll leave the lunar cycle set the migratory patterns of
elephant no that's there's if anyone has ever if you've never watched wall street warriors go to
youtube right now and watch it it's like they filmed this thing in like 2008. So again, funny, like one of the first internet shows out there
and there was one of this, this lady was raising money for a hedge fund
and the guy was trading off the migratory patterns of elephants
and just stuck with me as a joke for those things
that some people actually do believe in this stuff.
Well, I know there's a moon phases indicator on TradingView,
but I don't know if there's one that tracks the migratory patterns of elephants.
We'll have to do some deep diving on that one.
Michael, I appreciate you and your thoughts.
Congratulations.
Well done on the first place finish.
We'll come back around excited to see what your picks are.
Let's keep going around the panel here a little bit. Will, you got second place. I know you are with family. If you've
got a chance, we'd love to hear some thoughts from you. Yeah, it was another, I kind of echo
some of the comments that Michael was saying just about, I thought we're a little bit oversold.
I watched the VIX, you know, when I kept making this comment with you on stream in the last week is that the VIX never made new highs since March 9th. And, you know, when you look at that, I think that it was
just starting to look like, eh, maybe we could be in an area. And where we bounced from really
wasn't a key technical area that I saw. I just saw things kind of getting a little bit washed
out in the short term, and I thought maybe we could bounce. So where do we come to? I think this area where we are today,
like in the 590s and the Qs, this NDX 24.5 area, we're starting to get back towards that overhead
supply. And S&P's got a little ways to go further to the upside. But I think the tech stocks are getting
a little bit closer to that area.
So I think we're obviously, like you said,
very low volume today.
And we are in a very binary event coming tomorrow.
I mean, who knows what can happen?
Nobody wants to really trade or do anything.
So the volume's light because nobody knows what to expect.
Do they make a deal tomorrow? Do they not make a deal tomorrow?
I would assume if they don't make a deal tomorrow and Trump goes all in, I would imagine that the trade's going to be the downside and oil's going to be back up. And then I think the market's
trading on hopefully that they make some type of deal. And I think you just probably wait.
Honestly, it's like, don't try to bet on what they're going to do
because you'll probably get your face ripped off in the other direction.
So I would just wait till the news comes out and then trade accordingly.
There'll be plenty of opportunity to get back in once the news is out.
And, you know, whether it's buying a pullback or, you know,
selling a bounce, whatever it's going to be.
There'll be, once we get confirmation on direction,
I think that's kind of where you set the trades up. But I would just be nimble, keep your size small, and stay alive.
But again, we've just bounced from a level. And I would like to see, I always say market moves
at twos, right? So you have this is the first real counternd wave after we've kind of broke down from that 590 area in Qs.
So it's like I would like to see us personally go lower,
try to make a lower low,
and see some volatility come back in,
a little bit of fear,
and see some type of washout.
And then from there, maybe have a tradable bottom.
but wait on the news cycle and we'll go from there.
But wait on the news cycle, and we'll go from there.
And it doesn't seem like anybody's really putting on much risk ahead of
tomorrow. My, my thought process as I was going through it today and,
and talking it out,
it seems like most people are probably positioned where they want to be
positioned until they get further information. I just,
that's what I feel like. Well,
I don't know if you have a similar thought process there.
Yep, I'm with you on that.
It's like right back into it.
What do you do?
You're right.
The positioning is I don't have anything on in size.
I've been selling spreads just kind of intraday.
But on futures-wise, I'm relatively flat.
And I'm just going to wait for the news.
And then I'll trade after we get the news
on which direction we're going.
Because if you try to, nobody knows.
I mean, they could say there's no deal,
they're going to hit them
and then three hours later,
there could be a deal overnight.
Like it could be just whipsaw in both directions.
So I don't, like we've been saying,
it's been a little bit harder to trade this market
when you look at certain key levels
because you get a news candle
that rips through all
the support or resistance and i think it makes a little bit more difficult to trade so i think just
keep your size small and just you know wait and i to michael's point earlier i do think we're in that
election year cycle where the market could just be choppy and like you know a lot of two-sided
trade i think i said that beginning of this year is that I was in both directions.
So to your point, don't have a bunch of sitting on hands as a position,
casters as a position, and trade against big key levels.
And if you're wrong, you know where to get out at.
Keep your stops tight.
And the market probably once all this stuff calms down
will give us a lot better trading opportunities going forward.
I cannot wait for that day. Will, I appreciate your thoughts. As always, if anybody has any
commentary, dialogue, feel free to jump in and throw up a hand like Ben's doing right now. Ben,
let's go over to you next. Yeah, thank you. I actually have a hard stop at 5.30, so I'm just going to sneak in here.
So, you know, for me right now, it's very hard, this show here,
to predict what's going to happen a week out.
It's almost impossible, and I think it's just a total guessing game
what's going to happen a week out.
You know, I'm really taking it day by day in the trading account.
We've had a number of wins doing that based on catalysts and technical setups.
But for that reason, I don't think I'm going to have picks this week.
Maybe we'll just give you guys UUP, which is cash.
So I just want to give you my macro and sentiment thoughts.
This has actually been, to that point that I just made, it's been an extremely difficult period for me to trade short term.
I can't remember the last time my long-term account beat my short-term account. That doesn't happen.
My long-term account, I rarely make changes. I'll reallocate once every two weeks. I had some nice
reallocations in the last couple of weeks, buying some dips and it's been up like 10% in the past
month. And my short-term account's been up just 4% in the past month, which is terrible because
I'm working my ass off like 18 hours a day trying to make money short-term. And it's worked
incredibly.
Like I never underperform in the short term account.
That tells you how difficult.
It's just been very hard for me to have any kind of conviction
swing anything because of the headline risks.
So in any case, let me give you my thoughts on the indices
and the geopolitics here.
Thursday, I write a morning note every day, and we have an alert system.
It's a green, yellow, and red alert.
So I've been at red alert for like a month, which has saved us, right?
I'm sure a lot of people are worse than just up 4% in the last month.
So we've been focusing on preservation of capital here during this volatility. But
something very interesting, a couple of very interesting things happened on Thursday, which
actually prompted me to upgrade from red alert to yellow. One was the red to green reversal.
This is on Thursday. The red to green reversal on bad news, or at least the absence of good news,
ahead of a three-day weekend, which typically
you've seen de-risking in. And there was no appetite for de-risking into the three-day
weekend. And that's a kind of price action behavior that's very, very common when, you know,
after an extended downturn on a particular theme, a particular, you know, macro concern, when do you stop going down?
Well, when you start going up on bad news.
And I think, you know, the speech Wednesday night by Trump combined with that three-day weekend should have been a bad news day.
And it did. It opened down like, what, like 2-3 percent and completely reversed.
like 2%, 3% and completely reversed.
So that was a sign I had to respect.
So that was a sign I had to respect.
The other thing that happened Thursday was the QQQ and SPY closed back above the 50-week moving average,
which for me has been the key line I've been looking at in terms of kind of like bull bear market in a way.
Like that was the bull trend.
That's the bull trend line.
And when you break below the 50-week moving average, it's trouble historically.
So we were only below it for one week and we claimed it on Thursday.
So those are two positive signals I saw on Thursday.
On the other hand, though, we got blocked at the 200-day moving averages on this rebound.
So it could be seen as a dead cat bounce counter-trend rally and getting ready to fall again.
And then you have the concern that oil is still high.
And can you believe, though, oil was up, what, like 8% on Thursday, but the market didn't
dump into the three-day weekend?
I mean, that was extremely, extremely unusual behavior, a diversion of what?
Not a diversion, but a – is that the right word?
Yeah.
You know what I mean?
It's like it's different actions.
Like a change in character, yeah.
Yeah, change in character from what we've seen over the past month.
So very, very significant, unusual price action on Thursday, which combined with a lot of other information in terms of the subtleties
of how Trump is talking here, leads me to believe that this time the deadline is real, number one.
And I think the insider is new on Thursday. I think big money knew that Trump is serious about the deadline this time.
And one way or another, the war is going to end.
You know, either by pushing Iran into a big corner here today and tomorrow into the deadline with his tough talk to get the concessions he wants.
Or if he doesn't, we'll have one last, you know, five to seven day extreme bombing event to basically cripple them economically
for a decade and then exit stage right. So I think that's where we are. And I think the
big money knew that on Thursday, which is why you got that really unusual behavior,
which is why I've upgraded from red alert to yellow alert. And, you know, one other thing
that was the tipping factor for me to do that was that
there's been a number of really high quality growth names, high beta names that last week
either were set new 52 week highs or were approaching them. And it's today. One of them
is Airtest Systems on my favorite stocks. I've made a ton of money on over the last five years, AEHR, Lunar, new 52-week high last week.
And there are a number of others that are set to do that soon, SACS, S-A-T-S.
So some really tremendous charts.
And that got me thinking that, look, my long-term account's been outperforming my short-term account
because I've just been so risk-averse.
And maybe we are, even through all this volatility, the right thing to do maybe is to stay in some of these high-quality companies that have had recent catalysts but just hedge against it,
which is something I've done here and there but I've been hesitant to do over the last month. So it's been a difficult month because of my unwillingness to commit to anything and swing anything with any kind of
conviction and any kind of size. But looking at this performance that my long-term accounts done
better than my short-term account, I'm like kind of fed up with it. I'm like, let's go to yellow
alert. Let's maybe take on more swings and take on some risks, but just hedge against it.
Maybe take on more swings and take on some risks, but just hedge against it.
That being said, I have no idea what's going to happen a week out, Ryan.
I mean, I can give you a couple of socks if you want me to throw out a couple names,
but it's not anything I have very strong conviction in.
If you want, just tell me, no, I'll give you a couple names.
Otherwise, my picks will just be like UUP, just like cash into next week.
Yeah, I think your point hits right at home.
I mean, this is a very tough market to kind of navigate.
There's certain things that just seem to be outside of the broad market themselves that continue to work.
But then the broad markets themselves are kind of just all over the place.
I know you have to leave.
If you want to drop two picks, it's up to you.
If you want to drop your two picks now, we can go ahead and get those.
With a caveat that it's not really high conviction, I'll just throw a couple things out, I guess.
All right, let's do it.
One is AIR, again, AEHR.
It's so hard to time this from a week-to-week basis.
It's so hard to time this from a week-to-week basis.
This is one of my largest positions.
This is one of my largest positions.
I really piled in back on February 11th in my long-term account.
I've been trading it here and there upon different catalysts they've had.
And now they have another catalyst here tomorrow, which is tomorrow afternoon, which is their earnings report.
My target since that initial earnings report on February 10th, I had a target for this year of 50 to 75.
So we've just entered the low range of that target at $52 here.
And yeah, it looks stretched, but there's a short squeeze developing here, number one.
And number two, there's a lot of huge social media influencer accounts that are really getting on top of this and pushing it hard right now.
Even Satrini came out today with a buy recommendation on air ahead of their earnings report tomorrow.
So this could be something that gets even more overextended.
The RSI start, you know, just getting to overbought.
Who knows?
Like, the market's been crazy.
We've seen a lot of crazy moves.
Can this thing explode past its all-time high of $54.10?
I think it's definitely possible, but I'm kind of noncommittal about it, which is why I'm maintaining a big long-term position.
It's a top three position in my long-term account, but like in a short-term account, noncommittal, throwing it out here.
throwing it out here.
I'm not committed to it on the show. We'll see what happens a week out.
We'll see what happens a week out.
And then I can throw you another name.
I mean, there's, what else can I throw you here?
Can that be, I'll just give you that.
And then the other one, UUP.
So it'll be like cash.
Basically, UUP should trade like cash.
And then this AEHR, which who knows where it'll be
from a week from now, but it might work out.
All right.
Appreciate you, Ben, with your thoughts and the two picks, AEHR and UUP.
Of course, if anybody does have a time crunch like Ben has today, feel free to throw up a hand.
Go ahead and jump in.
We can get you taken care of here as quickly as possible.
Of course, Ben, appreciate you joining.
Make sure if you're in the audience,
you're following all the great speakers up here on stage.
We appreciate their time each and every Monday,
hanging out with us, giving market thoughts
and playing along for the competition.
And as Ben said there, this shouldn't be some like,
hey, I'm going to take all these trades.
This should be, you know, put some type of research with it, do your own due diligence, all that stuff. Use it as an idea point, a watch
list type of point, if anything. So make sure we cover that as well. Ben did mention one thing in
there as well to be aware of before I go over to Nick Drendel, earnings season. Earnings season is
basically a week away, honestly, if you go look
at your earnings calendar. Not this week. I mean, you do have what Delta on Wednesday this week,
Delta Airlines, Constellation Brands on Wednesday. But going into next week, all your banks start to
kick us off April 13th and 14th. So just a week from today, you're going to start getting some
bank earnings. And then of course, we'll start to see some tech creeping in as well.
ASML reporting on the 15th, which is a Wednesday.
And then Netflix, kind of the mark of tech earnings season there on April 16th.
So a week from this Thursday. Put that on your radar as well.
Nick Trendle, I want to come over to you next and see what thoughts you have.
Great, great job from you as well. Nick Trindle, I want to come over to you next and see what thoughts you have. Great, great job from you as well. I mean, DOCN, 9.56% return. You had a just under 5% average,
beat the market. Well done, Nick. I'm curious what thoughts you have to add to the conversation
today. Yeah, thanks for having me on. I think we're all probably in agreement where the easy trade is over.
That oversold bounce, everyone was getting super bearish.
We got significantly washed out.
And the only thing tricky about that is crashes come from oversold territories.
So you're way, way, way more likely to bounce than actually crash.
You're way, way, way more likely to bounce than actually crash.
But there is that off chance that you do just actually have a panic sell-off from that point.
But we didn't have that.
We had the oversold bounce.
Thursday's action was incredibly, incredibly impressive with that gap down, reversing.
Leaders are acting really, really well lately.
And we're kind of at like the do or die spot on this rally.
So taking a look at the NASDAQ,
we're just under a resistance gap that starts at 591 to 593.
You got the 200 day moving average
and kind of like the previous area of support,
right at that like 594 level on the queues.
And we could push up to that level tomorrow and then kind of see where we go from there.
But I don't have a great read of this market either.
I think the toughest part about a market in correction is your watch list and your
setup list. It grows and grows and grows right till you get to a key spot. And you'll say,
wow, I've got 20 quality setups. Things have bounced. Maybe we've pulled back a little bit,
tightened up. And you'll have all these quality setups. But quality setups from that compression
can break to the upside or the downside and uh right at these like main turning points you get that burst in quality setup so you
get all bullish and that's when they do tend to to yank that a little bit but what i've been doing
is i've been playing undercut and reclaims to the long side in trying to get like the strongest stocks,
like a Fastly, a Dokken, what was the other one?
TSEM, those three stocks all pulled back
to their 20 day EMA for the first time
since making new highs.
That's usually a great risk reward spot,
especially while the market was so stretched to the downside.
But now that we've had this rally,
like now I'm starting to look for potential short exposure.
I put on a little bit more Stark, which is the inverse of ARKK because the market's going to go down.
We know ARKK is packed with trash and that will continue to go lower.
If the market goes up, I'll get stopped out on that and then keep feeding the winners.
I have no idea what's going to happen in the war. I've got no crystal ball. I think it's just really important to
use alternative entry tactics, not really buying on strength, not shorting on weakness,
but looking for those failure spots at key levels to put risk on. The nice part about that is if
you're wrong, you're wrong right away and you're wrong
very small. So you can actually size them up like decently large while keeping your risk in check.
And the one other thing that like big picture wise, well, there's plenty to be cautious about
that I'm sure other traders will cover. But the thing that's making me a little bit more cautious big picture wise is we never had the washout in positioning.
So if we take a look back at, what was it, April of last year, April 16th, the NAIM Active Investors Index got down to 35% long.
And when you get that washed out, you do get a V-shaped recovery. And we saw it from April all the way to June,
and then very just like clean, clean trending until October 10th, like changing character day.
This time, we only got down to 60%, which if you look back at other corrections, usually between
like 40 and 50, they bottom at. Now this isn't updated every single day. So there is a chance
like positioning did get washed out. But we can only go off the data that we have here. But we never got that
like actual washout of positioning. I think sentiment got bad, but it wasn't like absolutely
horrible where you tend to see those V-shaped recoveries. And then taking a look at the commitment of traders data from bar charts,
we got more long than NASDAQ,
a little bit less short the Russell 2000.
And it's fine.
It's not like extreme levels of long positioning on the NASDAQ,
but you really want to see that wash out
to get aggressive on the long side.
And we just never saw that. So instead of saying, okay, we saw that kind of changing character on
Thursday, which I think is very significant, that gap down that was bought up. It still doesn't tell
me like, okay, now is the time to go from 0% long to 70% long.
I don't think that's the move.
I think it's use alternative entry tactics,
pullback entry tactics to build exposure in the best names.
But I don't know how you are over 70% long or 70% short.
Either direction to me, I think carries significant risk.
So I'm just trying to operate
around the
stocks that are railing into declining moving
averages, the short,
and buying pullbacks, and then just letting the market
tell you which direction is right.
But there is
more than a handful
of newer semiconductor stocks
that are acting well.
There's plenty of leaders that are making 52 week highs, which you don't tend to see
at the start of corrections. But I think this is just more news driven environment that I'm used to.
And I don't think this is the market where like,
you're always going to see someone like absolutely crushing it on social media because you can take
zero like date options and like, hey, I made a thousand percent today. That's awesome, right?
But the majority of the great traders are not making the majority of their money in this type of market. So for me, it's time to just really not play super large size, try to get into the leading
stocks and not worry about performance too much.
If I'm super stressed about performance in this type of market, I'm not going to be sharp
and ready for when the easy dollar environment is back and I'm really trying to press and
make a lot of money.
And I think a lot of money.
And I think a lot of people kind of flip those where it's like, okay, challenging market. I have to be 100% a perfect trader. Like I want to show everyone else that like I can trade in this.
And that's like, that's a big ego thing. I don't really care. This is not the market to make a ton
of money on unless you're like a short term trader or day trader, then this is your market, but it's not for me. So I will just continue to do a little bit of
trading with smaller size and let the market kind of decide which direction it wants to go to.
I'm with you. I love the very wise words there from Nick Drendel. I appreciate those thoughts.
Boy, I'm ready for this current hype of market, whatever you want to call this current market we're in, this headline uncertainty market to be over with and be back to some type of
what I would consider normal-ish conditions. But until then, I'm kind of with you, Nick,
just sit and wait. Since you do follow that positioning, where is the positioning sitting at right now?
Is it sub 80?
Where does it fall into?
Yeah, it was exactly the same as last week.
So it was 68.5 the previous week, 68.4 last week.
Now, the data gets collected as of Wednesday's closed for NAIM. So that doesn't
include like the gap down that got bought up or today's little bit of buying. So my guess would
be like we're probably closer to like 70, 72%. That is just a complete guess. And then the
commitment of traders data gets collected as of Tuesday's closed and then reported on Friday.
There you go.
That sounds perfect for a Monday night show
to get that data out for everyone.
I appreciate you sharing those pieces with everyone.
And if you can find the full moon data somewhere,
Michael Knauss was asking me for that earlier.
So I'll just make sure.
I'll work on that.
Okay, appreciate that.
We'll get the full moon cycle stuff going here at some point as well make sure I'll work on that. Okay. Appreciate that. We'll, we'll get the
full moon cycle stuff going here at some point as well, but no, I appreciate that. Ariel, we haven't
heard from you yet on the space. I want to make sure thanks for patiently waiting. I want to make
sure we get over to you and see what thoughts you have to add. Hey, thanks for having me. So yeah,
I think I I'm, I'm in agreement with, you know with what we've been hearing today, talking about the
market gave us the trade that I thought most of us were expecting was possible.
And that was just an oversold rally.
And the market gave us exactly that.
So I think we're kind of at the point where, I mean, we have to be patient.
at the point where, I mean, we have to be patient.
I know I've kind of said it a handful of times,
this is not my favorite environment to trade,
especially when I don't feel like I've got some,
you know, major edge on either side of the market.
Again, I thought, you know,
there continue to be short opportunities,
you know, when stocks rebound,
and we've seen it for the last four months, when stocks rebound
into declining moving averages, whether you're talking about the cybersecurity names, and
that includes obviously almost all software stocks with the exception of a few.
We've seen it in cryptocurrencies.
We've seen it in just everywhere you look.
When you get these almost V-shaped recoveries
into declining moving averages. That's kind of why I think we're all on the same page here because
it's been the common thread for the last at least three plus months. Obviously, October is roughly
when the trend changed. But if you're kind of thinking about the opportunities of putting on
some short exposure, this has kind of been the theme that we've been seeing, right? Stocks and
markets will push up for a handful of days. You go and you meet the declining 50, you meet the
declining 20, and then that's where things roll right back over. And that is kind of what you have to continue to believe
is the underlying trend until you see something different.
And in my opinion, that would be until you reclaim a 200-day,
until you then consolidate for a few days,
until you get a classic follow-through day,
which today, you know, you said it,
the volume was completely abysmal.
So you didn't even get close to trying to register a follow through day today. You didn't get close
to being up 1%. You didn't get close to substantial buying volume. And it's just, you know, you've,
you've got a lot of, you've got some, a lot of nice stocks, right? You, somebody mentioned AEHR,
you know, there are names
that just don't really care what the markets are doing. You know, you've got another name
over the last few weeks, Marvell, and you've got, you know, arm looks pretty interesting. And
TER looks pretty interesting. And, you know, the the memory stocks continue to stick around.
So there are there are just so many carrots dangling by the market where it can kind of just make you continue to believe that we are in a good environment.
And again, I don't want to use the word healthy, but at least an environment where you can make some money, you can participate on either side of the market.
It's been incredibly interesting how well both sides of the market
have been working. But again, being very selective where you're talking about a name like AXTI,
which was my pick last week, being the best mover of the week. But then on the flip side of that,
a name like LITE within its same group, you know, had an up week.
And again, it just goes to show you, I think, how important stock selection is in this environment.
And then timing, you know, if you want to get long.
I think Michael Knauss did a beautiful job last week, you know, talking about getting long.
And that is on Tuesday, you know, when I bought some TQQQ in the morning, you bought
some Dell as well. And then, you know, you had a few of the rocket names, you know, starting to
lift off, no pun intended. So again, it's just where are you, where are you buying? When are you
buying? I think very, very important. You know, all of us would probably agree here that if you
can get yourself into a trade on Tuesday and then you come into today, well, you're just going to maybe let some of those trades work, but de-risk some of those profits over the last three, four sessions and nothing wrong with it.
But the rest of it, it's just the underlying trend just still tells you that it's down.
And just because you get an up move for three, four sessions doesn't mean that the trend
has changed. The trend is still choppy to down until you get a bigger, broader breadth expansion.
It'd be nice to see software start to move back up. It'd be nice to see Bitcoin,
you know, although we got to give it its, you know, flowers today. It was a great move,
but it's still just doing nothing over the last month and a half, two
months, despite maybe the markets kind of moving lower.
So it's tough.
I find it slightly interesting that the markets are holding up as well as they have been,
despite crude oil pushing as well as it's been and holding up as well as they have been despite crude oil, you know, pushing as well as it's been and holding up
as well as it has been. And maybe the market's just doing a really nice job, just continuing to
look forward to what's to come. And yeah, to what Nick said as well, you never really got
stretched on NAIM. You're not really crowded in terms of cot data. And in my opinion, you don't have enough merchandise
in terms of stocks that can actually carry the indices higher to really get super excited.
The MAG7, outside of just two names basically, are even hanging out well enough to get excited about. And that would be Apple and Google.
And everything else is just living below the 200-day. They're just absolutely blasting
Tesla now. And yeah, Netflix, I guess, has been okay recently. But again, that's just the market
kind of dangling some carrots. That's not the market making you go, oh boy, here we go. It's
time to start really putting and ramping up exposure. And then as the market making you go, oh boy, here we go. It's time to start really
putting in ramping up exposure. And then as you ramp up that exposure, do you have more setups
to follow, more clean technical setups, more groups acting well? And from a group perspective,
it could be nice to see the aerospace and defense names, the UFO related names go.
Maybe we see some continuation in the memories and the optics. Maybe we see some small names go, you know, maybe we see some continuation in the memories and the optics,
you know, maybe we see some small caps go biotechs, you know, what have you. And, you know,
today I was kind of talking about, I do think it's pretty interesting that it does seem like,
despite what we've seen in crude oil, you're starting to see, you know, a little bit of a
lift in bonds. You know, again, that's just
a potential. And then does that just mean that rates are going to start to come back down? And
then, you know, what stocks get a lift from that? Do we see, you know, home builders finally start
to turn back up? You know, today, I found it really interesting that transports were acting
well, you know, and, and, you know, you would think that if crude oil's going higher, right,
transports, airlines, cruise liners, these things are going to struggle. But instead, you look at
the IYT. And again, is the IYT kind of looking past, you know, this, this hiccup with crude,
and then eventually, that will start, will that'll start to get resolved. And then, you know,
that will start to get resolved. And then, you know, maybe crisis averted. So we'll see. Again,
I don't have major edge out here. I thought last month gave us a few great opportunities when you
had, you know, the dollar starting to push back up. And then you had a very, very easy short
opportunity in shorting gold and silver. And then, you know, now it's just like you've got
the dollar consolidating here. And there might you know, now it's just like, you've got the dollar
consolidating here and there might still be an opportunity if the dollar can continue to push
higher, then maybe there's that opportunity again. But again, I just, when I don't feel like I've got
a super clean edge or I don't really have the best read on the market, you have to use progressive
exposure. You have to keep your position sizing in check. You have to keep your, you know, your kind of opinions to, not to a minimum, but, you
know, where you are able to change your mind quickly if, you know, things are kind of turning.
And again, I'm in agreement with almost everybody who spoke today.
I don't know that I've got the world's greatest read on the market here because you can
stage a follow through day at some point this week and you'll get some big breadth expansion.
You'll start to get a move back above the 200. And then could you really stay negative or do you
kind of have to sway your opinions with what you're seeing? And then on the flip side of that,
do we just reject key moving averages and then lower, you know, lower we go. I'm
open for both scenarios. But what gets me invested is, you know, knowing what setups you're going to
trade, you know, having studied those before, knowing your entry tactics, take a position,
if it works, take another one if it works. So if you're playing the short side, and you get
rewarded for shorting, because stocks have just rebounded into a, you know, a falling 20 day or a falling 50 day, you know, it's
not because you're some genius, right?
It's because that's what the market's rewarding.
And if somebody else says, hey, no, I want to get long.
If the market gives me a follow through day back above the 200 and you buy something and
then that works again, you're not a genius.
That's just what the market's
giving you. And then do you have something to kind of help you, you know, tell you what the
market's doing and then effectively the market's suggesting, Hey man, um, I would recommend maybe
throwing on some more exposure and then just kind of, you know, operating from that, you know,
that mentality where you're just going to, you know to be flexible and then just let the market dictate to
us what we need to be doing. And ultimately for me, that's the side of the market that's giving
me the least amount of headache. And lately it has been the short side. So if that's the side
of the market that's going to continue to pay and to pay well, fine. My latest two trades,
Dell and TQQQ, those were on the long. But I thought that the market could give the
bounce that it gave. It gave just that. But the bigger picture still says we're in a downtrend.
And if you want to look for opportunities, these are the spots to do so with potentially your
lowest risk. And again, just let the market dictate to you where to go get more money.
If it's on the short side, doesn't matter to me. If it's on the long
side, again, does not matter to me. But ultimately, the market will let us know through its own price
action and through how brilliant you feel, what we're supposed to be doing. So that's just kind
of my thinking from here. And just be flexible with whatever the market decides.
And just be flexible with whatever the market decides.
A great rundown there, Ariel.
I appreciate the thoughts.
I really like so much that you just said there,
as far as you're thinking about how AXTI being up
and LITX coming back, or I guess, I'm sorry,
I said that backwards, AXTI coming down,
LITX going back up.
Risk management and timing can be so much of the battle itself.
You know, you can be right with a bad entry, all those things.
Risk management gets so important, especially in, you know, these back and forth markets
where, you know, things within the same sector doing different things, as was mentioned there.
Ariel, appreciate that.
Looking forward to getting your two picks.
Before I come back around and get everyone's picks,
Evan and Jordan are both up here as well.
I don't know if either one of you guys have any market thoughts
that you guys want to throw in before we dive into the picks.
Evan, you did almost have an 11% return and not even make the podium.
Oh, damn, I was going to say, did I win?
Fourth?
Fourth place.
You're the third loser.
But listen, who's been pretty consistent?
Who won last week?
Good positive return.
You're welcome. Michael Nows crushed everyone.
27.19% this week.
Not surprised on that one.
Yeah. Any market
thoughts, Evan? Nope.
That's fair.
That's fair. The news guy for a reason. Shout out Stock Market
News up here hanging out with us. Jordan, any thoughts that you want to toss in before we
dive into everyone's picks? Agree 100%, Jordan. Great thoughts there. All right. Let's dive in
and get everyone's two picks for the week. I'm sure Jordan
stepped away for just a second. He'll be right back where he's editing some videos and he's on
the grind all the time these days. All right, let's get everyone's two picks for the week.
I'll call out some of the ones that either had to leave early or couldn't make the show today
and get those in here. I know you guys probably saw Vegas pop up on stage just a little bit ago. She is going to take SNDK and 2X Leverage Google,
which Will also picked.
What's the granite?
We'll give her the granite shares, Google.
G-O-U.
So for Vegas, we'll do SNDK and GOU.
That's SanDisk long and 2X Leverage Google long for Vegas.
Will, who stopped by to share some thoughts real fast,
he is out of pocket, traveling a little bit.
He picked GGLL, which is the other 2X leverage Google, and SQQQ.
So S-triple-Qs, long, and then also GGLL, 2X leverage Google, long.
Sam Solid is traveling as well.
N-U-G-T, nugget, long, and then he's going to short T-triple-Qs.
So shorting the leverage long QQQ, looking for a down move there.
Ben was here earlier.
You heard Ben's two picks, AEHR and UUP.
And that's everyone's picks that is not currently present.
And let's go to our current champion, Michael Knauss, for two picks for the week, sir.
Sure thing. So same caveat as always, but because I'm new, I'll rant about it for a bit. I'm a
systems trader. So I run back tests. I have 10, 12 current systems, 15 if you include crypto that I run.
They dictate what I buy and sell and where I buy and sell.
So I have no idea really what these companies do or any kind of news related with them.
They just, they make the system.
So the system tells me what to do.
And I'm just kind of a bystander, I guess, right?
I spend all my time trying to research and build new systems as opposed to actually figuring
out what these companies do and trying to overwrite any kind of a trading decision.
So I brought two again from two different systems.
Just like last week, one is a pullback system that has a higher win rate.
But anytime you have a higher win rate but anytime you have a higher win rate you generally have a
lower risk reward and then one that's the exact opposite that has a low win rate but generally a
a higher risk reward and so we'll start with the one with the higher win rate and that is g u r e
which is golf resources so So this triggered today.
Oh, that's my other thing.
I'm in both of these just because I grabbed two that have already triggered.
This one is, again, some sort of resource company.
The idea behind this system is fairly simple.
You're just looking for an incredibly strong move last week.
That is getting some sort of pullback into that halfway point of that strong move this week
you buy it there you put a stop at the low and then you hold until next week right so i use a
lot of time stops for my trading which i know is something different to a lot of people but
instead of trying to get profit targets or scaling out on the way up or anything like that
that in my testing for my systems i've just found found suboptimal. For me, it's just generally I optimize for how long the average
great trade lasts and I hold for that period of time. A little bit of discretion can always come
in there if you're really killing it and you want to hold on for a little bit longer, of course. But
yeah, for me, it's usually just next Mondayay get rid of these and move on so like that
satl from last week i just killed it on the open today and i'll forget about it and move on to
something else so uh the reason i picked this one that i just like the look of just visually
550 was a pretty big number there we struggled to get through that for a while. And then we popped through it last week.
We've come back and we've kind of tested it.
So we're at about 630 right now with that breakout point right below us.
The rest of the chart, to be honest, looks pretty ugly.
But again, just simple breakout, retest,
and then you're looking for a week or so of trend continuation.
That's G-U-R-E.
And then this next one is the lower win rate.
So just this is a sub 50-50 win rate,
which I know for new traders can be problematic.
But if you talk to anyone who's been around
for any length of time,
you usually see that sub 50-50 win rates
are great setups usually.
If you have the discipline to kind of punch out when you're wrong
and then hold on when you're right.
And that is O-N-E-G, One Construction Group Limited.
Again, don't really know anything about this.
This is a very cheap stock, which means it's probably very, very speculative.
So be careful.
I manage risk by just taking a whole lot of trades and then splitting my account up into them.
But just make sure when you see a $2.45 stock that you've probably never heard of before
and had a candle that looks like it was about 50% just a couple days ago,
you just size accordingly. right? Just be very,
very careful. Increased volatility just means decreased position size in order to keep all
else equal. This is a basic kind of trend continuation style, right? This 225 or so on
this has been resistance for some period of time. We had a nice break of that today and a close at highs. So we're
looking for some continuation to come in quickly. Recent highs in February are about 550. So that
would be a 100% gainer if that happens. And, you know, I know we don't do stops on this, but
this particular position would just stop out like right under, I think, 190. So, you know, you're
risking on a percentage
basis pretty big but on a dollar basis pretty small compared to what you potentially could make
very quickly if you're right if we end up going back to that local high on February 5th so that
is one breakout play on O-N-E-G and then one pullback play on G-U-R-E.
O-N-E-G, and then one pullback play on G-U-R-E.
All right, there you have it.
Current champion, Michael Naus.
Appreciate you being here back on the show.
You say you're new.
You're not new.
You're just back around finally.
Great to have you back, Michael.
Two picks there.
G-U-R-E, Gulf Resources, and O-N-E-G, One Construction Group Limited.
Two different systems.
Great rundown of how those are set up and how he trades those right there.
We appreciate Michael Knauss.
As always mentioned earlier, I am going to tweet out a list of every one of these picks.
And I'm also going to ask you guys what you would have picked if you're in the audience as well.
So sit tight for that as we get the rest of the picks. And I'm also going to ask you guys what you would have picked if you're in the audience as well. So sit tight for that as we get the rest of the picks in. Jordan, are you back
around? You were second place. I want to give you a shot here. I got you. Let's run T-Triple Q long
and we'll do TSLG long as well. T-Triple Q long, TSLG, 2X leveraged Tesla from Leverage.
You're looking for a bounce on Tesla out of this big daily area?
I guess so with the market here, yeah.
We'll try that.
I know Will got SQQQs, so I'm just going to run with that.
We'll see if Tesla can get a bounce with the market here.
All right, T-Triple-Qs and TSLG, the 2X Leverage Leverage Shares version of Tesla
from our third-place finisher last week.
Jordan, ace the kid.
Usually he's my co-host.
Co-host is glitching out.
So you see Jordan and Evan hanging up up here.
They are, in theory, my co-hosts either way.
Evan, two picks from you?
BMNG, BMNU.
BMNG, BMNU,
BMNR,
to the moon.
That rhymed. I did not mean
for that to rhyme. All right, Evan,
with the super leverage bet
on BMNR and Tom Lee, BitMine. Let's
see if we'll get some follow through. Maybe crypto gets a little follow through. I don't know. We'll
see if maybe some risk comes back on a little bit there. From Evan, who had a nearly 11% return last
week, basically doubling down. BMNG was his best pick last week, 21%. So there you go. From Mr. Stock Market News, BMNG, BMNU.
Nick Drindle, two picks from you, please, sir.
Yeah, I'll go one long, one short,
because I don't know what direction the market will go.
The first short, well, the short is going to be CAR, Avis Budget Group.
This has rallied now, let's see,
from $86 a couple weeks ago to $212.
If you look at the left side of the chart,
we just eclipsed the highs from July,
what is it, the 29th there.
So looking for what's called a double top short sale
where you make an enormous move up. You uppercut those previous highs and kind of like what I was talking about earlier where you want to operate around like failure points.
Uppercut and fail of those previous highs would be the short.
And this is something like I'm just trying to play for like a week or two, but looking to stay on the right side of the Daily View app because in these squeeze scenarios, everything bad will happen to you if you're short.
Above the Daily View app, everything good will happen below the Daily View app.
So in a perfect world here, we'll get a gap up to start tomorrow, get even more extended.
Right now it's like 14 times its ATR away from the 50-day moving average,
which once you get over 10,
like it's pretty extended at 14,
it's time to mean revert here.
So big gap up.
A couple of things that I would look for
is pre-market highs get put in.
During the regular hours,
those highs do not take out pre-market.
That's what we've seen in major reversals.
And then just staying heavy below the Daily View app.
Today, I tried this and it uppercut and failed right at $200.
So I had a nice clean line in the sand there.
Lost the Daily View app.
I was thinking, hey, this is awesome.
I'm a genius.
And then we got back through VWAP and got back
through 200. So I had to close out that trade. And now it's just setting up even more extended,
which as long as you're taking your stops on these, which I know a lot of traders struggle with, but
these are the types of trades you can't be stubborn with. You got to take your stop.
And then if Bryce gets back under VWAP, you can put the trade back on.
And then if price gets back under VWAP, you can put the trade back on.
But these have been, like, really nice setups, like the extensions
and then the mean reversions in really choppy tape that we're in.
So hopefully we don't just get a massive gap down tomorrow
and ruin the cost basis for the competition.
But C.A.R. on the short side will be the first one.
I actually mentioned on the – today there was a mention that people were trying to like
use that as a short squeeze candidate, which probably puts into your thesis pretty well.
Well, historically, like it has squeezed back in, let's see the date, November 2nd of 2021.
This squeezed all the way up to $550 from $180 in one day. So it's possible, right?
And usually you don't get the second squeeze as crazy as the first,
but this is a short squeeze candidate because it's proven it in the past
that it can go through those types of moves.
So do not stay stubborn.
If you're wrong, just get out right away.
You should always get out if you're just wrong,
but especially in these types of scenarios, you can't stay stubborn in them.
Yeah, absolutely.
All right.
First pick was Car Short, C-A-R, second pick.
I'm going to go with Q, which I've been mispronouncing this company all day. Qnity
Electronics. It's a spinoff company and we've seen spinoffs do actually extremely well recently.
Sandisk, GEV. There's another one that is escaping my mind right now, but this was a spinoff. Nice
move earlier this year. year was one of the bigger
trades I had earlier this year, then kind of gapped up on earnings, profit taking to
be done. We pulled back into the 50 day moving average. And I love the ugly close on the
30th under the 50 day followed by a gap up. And now we're getting nice and tight with
the 5, 10 to 20 all right on top of each other.
So if the market does continue to rise,
I think this is going to be a breakout setup to trade.
All right, so long ticker symbol Q.
You said this was pronounced Qunity?
I have no idea how it's pronounced.
I haven't been pronouncing it all day.
Well, either way.
One way or the other,
Q-unity, I guess,
is what makes the most sense to me.
Ticker letter Q.
I wonder, Nick,
if you have a single letter
ticker symbol,
I feel like it's always along.
I feel like in general. I don't know it's always a long, I feel like in general,
I don't know. Ooh, that's a good thesis. Side theory. Yeah. Side, side, I'm still working on
that one. Still building it out, but I figure, I feel like single letter ticker symbols are just
bullish in general. So ticker symbol Q is the long, his first pick short C-A-R. Big shout out
to Nick Drendel. Appreciate him up here sharing his thoughts on the panel each and every Monday and a couple
picks there.
Make sure you check out what all these speakers are doing outside of just the spaces, of course.
There's obviously, we appreciate their time.
Some great information here for an hour, just over an hour on Monday evenings at 5 p.m.
Eastern, but also a lot of other great things going on, different systems, learning tools,
live streams, Discord, all the above. Make sure you check out all the great things there.
Ariel, let's go over to you for your two picks and I'll toss mine in on top.
Yeah, I feel like, you know, I was talking about names showing and holding some relative strength
over the last handful of weeks, and I still have to give some credit to Bitcoin. It refuses to go away. I do love the pick that
you guys, somebody mentioned on BMNR, but that will not be my pick. My pick is going to be
on BITX, which is leveraged Bitcoin. And then I do like the idea of Ethereum as well. Now,
we are at that kind of spot within the market where this rally could kind of fail,
but I do want to be a little bit more optimistic in terms of what can happen.
be a little bit more optimistic in terms of what can happen.
So I think maybe it's time for some Bitcoin to have a little bit bigger mean reversion.
And so, yeah, let's go with some Bitcoin, B-I-T-X, and let's try some Ethereum, E-T-H-E.
All right.
All pulled up for the crypto pros are dancing right now to hear a great
trader like Ariel throw in E-T-H-E.
You said E-T-H-E is what you want for the Ethereum one?
Yep.
Okay.
E-T-H-E.
And then B-I-T-X for the Bitcoin.
So long Bitcoin, long Ethereum from Mr. Ariel. All right.
You mentioned something there that is basically my approach. I do feel like when I look at the
market itself, and I know I didn't really share any market thoughts here, but for the sake of time,
I feel like we could go a little bit higher, maybe hit the 200 day. You heard Ben talking
about the 50 week earlier across the indices.
We are coming into kind of a back-test overhead supply area.
But you get a good headline.
I think you go up and test maybe a little bit higher.
So that makes it hard for the competition.
But what I do like, there's two names that are outperforming the market right now
that both kind of broke out of, you could call them a flag,
you could call it just a slight little downtrend, but Costco and Walmart. So my two picks, Walmart,
WMT, and then I'm going to take 2x Leverage, Costco, C-O-T-G from Leverage Shares. So Walmart
and Costco, you go look at those daily charts, both of them basically connect the highs
from the last few weeks. And it just kind of looks like a flag to me and just relative outperformance
in the market. I feel like people are fine betting on these names. They're still in
healthy uptrends, still above all the moving averages. So hey, that's where I'll hang out and do my picks. So Walmart and Costco
on top. And that will conclude Stock Picks for the Week here on this beautiful Monday, April the 6th.
Big shout out to the whole panel. Shout out to the audience down below. See a lot of familiar
faces, profile pictures, I guess I should say, in a lot of cases down there hanging out
with us on this Monday evening. The tweet is going out right now with everyone's picks. If
there's any errors, please let me know in the next 60 minutes so I can make sure and edit and
correct that post. And if you're in the audience, what picks would you have put in this week? Go
right down underneath that tweet that just went out on the Wolf Financial timeline.
Let us know what you would have picked or if there's a certain pick that maybe is your favorite within here. Michael Nallis with last week's winner with a couple interesting picks within
his system. You've got Will with Google. We had two people go long Google this week.
That one's interesting. We have a couple crypto bets to the upside, a couple downside bets. I
thought about it. I just, because of the timing of the competition, I'm just curious what's going
to happen. So I played it a little bit safe. Vegas, who had to leave with the memory play,
Sandisk. Does that one go back up? EHR, does that get some continuation? Very interesting,
different ones here. And then the short squeeze, double top, maybe car reverts back to the mean there for Nick Drendel.
Some really interesting picks here across the board.
Thanks for tuning in, everyone.
We'll see next Monday how everyone did
and where in the world this market's going to be.
Boy, I don't even know 24 hours from now,
let alone a week from now.
So it'll be super interesting,
but we appreciate everyone.
As always, the space is recorded. As soon as I end this in just a few seconds, if you missed any of
the great thoughts shared by the panel, feel free to hit that replay button and you can listen back
to, boy, the first, I guess, 45 minutes or so of the show today, 50 minutes of the show were just
great, great thoughts from some really great panelists that we have up here each and every Monday. Big shout out to them that make this show possible, valuable
for the audience. And check out the full schedule that we have, the pinned tweet. We have a packed,
packed, packed week of spaces, live streams all across the Wolf family of networks. Make sure
you check all of that out. The next space, I guess, from now will be live
trading tomorrow morning. We'll see. Low volume today. Do we finally get some action tomorrow?
Do we get some news? Does the deadline hit? Do we strike the 12 o'clock hour? Cinderella has to
get back home, put the shoe on, whatever that piece is. We'll find out what happens. All right,
everyone. Have a great rest of your Monday evening. We appreciate you tuning in. We'll see you guys tomorrow.
