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STOCK PICKS FOR THE WEEK
Recorded: March 23, 2026 Duration: 0:51:54Space Recording
Full Transcription
Thank you. E aà you
what is up people
I hope you guys are all
doing well this should be another good stock
picks for the week show
we enjoy doing this
this is a show every single Monday night we go through about
30 minutes of how we're feeling about the night we go through about 30 minutes of you know
how we're feeling about the market we go through about 30 minutes of stock picks for the week now
x is having some problems today so i you know um there are yeah i feel like most people maybe
can't even see x we'll see how this is going today if we get a lot of speakers in here and
stuff like that but always a good time always a good conversation one of our longest running spaces series the monday afternoon stock picks
for the week show again how this works it is monday to i believe it's actually tuesday's open
to monday's close is where we are calculating the time frame for this and it is two picks
combine them together i don't know who won this week i'm sure we're gonna get
an answer in a little second here we got ryan requesting back up here again there are seven of
us in the spaces right now just like x is having some special problems at this point in time we'll
see how this ends up going but yep it was an interesting day not too much happened obviously i feel like as we
go through this spaces you're going to see a lot of people talking kind of feeling more on the
bearish side is is where it feels like we would definitely be market had a rough week last week
um sam up here market had a rough week last week today was obviously not so bad but we were playing
a little he said she said game uh we were playing a little he said, she said game.
We were playing in this weird, I don't know,
there wasn't that many headlines.
It just wasn't, I don't know.
It just felt like an interesting day.
I see Ryan is fighting for his life to get up here.
Spaces is glitching a little, Sam, I'm noticing.
Spaces are glitching.
Ryan, I think we got you up here now
he said every time i join the stage i lose audio we're starting to get a couple people
in here though i do not know what's happening with spaces today but boy
i think x is having some problems
what's up sam
what's up what's up, Sam? What's up?
What's up?
Yeah.
I did notice Stocks on Spaces was a little small as well.
I think that Twitter is having a good amount of problems right now.
To be honest, when the market's topic like this trending down,
we do get a little bit of drop-off.
Understandable.
No, no, no, no.
It was, that was a glitch.
That was like a fourth of what it normally is.
I think that people are genuinely having some problems.
Interesting.
What's up, Nick?
How you doing, sir?
I appreciate you joining us.
Hey, thanks for having me on.
Yeah, my chat wasn't working,
but I got on by clicking on like your Wolf logo.
Interesting.
Okay, that makes sense. We. Okay. That makes sense.
We got Ryan.
We got Will.
All right, people.
We can start to kick in here.
Ryan, is it working this time?
I can finally hear you.
That was crazy.
I joined the stage three times.
I couldn't hear anything.
I see a lot of people saying that there's some bugs on here,
but we got important people up here.
Good stock pickers, current champion.
I see up here Will joining us.
Let's see if I...
I'm coming for the crown.
Trying to load this Google Doc thing again
to get the exact numbers.
I know that Will was the current champion.
I think it was about a 9.9% return.
RTXG and HOOG short were his two
picks last week.
I know I was in second place.
My best pick was USO
short. Came in about
Last I looked,
something went crazy there at the close.
I'm trying to load this thing
to get the actual official numbers here.
So maybe it's a little further up the chain than just X,
but it could just be your internet.
Yeah, I think it's a little both.
But either way, let's just dive into it.
I know the markets were down around 2.5% last I saw. Once again,
working off of data that I looked at before the market closed, but nothing really changed too
much there at the close. So it was pretty accurate, I guess. About 2.5% down on SPY and QQQ the last
week. But we did have a few green stock pickers. Of course, Will there, as I mentioned, the champion.
I was in second place and I had Nick Drendel
as a third place finisher.
The SEI pick that he had
pushed him over the edge,
got him onto the podium there
a little bit.
The two best picks, of course,
that RTXG short was around 12%
and the HOOG,
the 2X Leverage Robinhood short
was around 8% when I last looked.
So that averaged out there for Will.
Will, current champion, we'll start off with you this evening.
I'm doing this from my balcony because I have no internet service right now,
and I've got one bar of 5G.
So we're just going to make it work.
You've got a nice balcony, by the way.
It is a different – yeah, it is.
It's much better to have tech issues or like last week
I had a red trading day one day.
It's just much better with this view.
So we'll be all right.
I'll survive.
Will, two great picks this week.
You're seeing the market pretty well,
honestly, overall.
But I'm interested in, you know,
today, the news, the back and forth.
And, you know, I got to hear
a lot of your thoughts throughout the day because we spent a lot of time on stream together. But
just for the audience here, for the other panelists up here, I'm curious if you want to go
into a little bit of just kind of your market, broader market sentiment type of thoughts as we,
you know, undercut the 200 day, come back and back test it and kind of gets stuffed right there today. Yeah, no, it was an interesting day.
And I think if I could show everybody on the screen
what my chart of the day was,
it was the headlines that we were trying to figure out.
And there was a thousand of them.
The market was obviously driven by,
you know, the news from Trump this morning.
And then you had the Iranians refuting it
and just kind of back and forth.
But when you just break it down and get back to the iranians refuting it just kind of back and forth but
when you just break it down and get back to the charts what do we do we rallied from a you know
oversold level we went right back to the 200 wicked above it to the 9 ema and um kind of got
rejected regardless of the news that's that's what the price action tells you uh we've been
obviously in this bigger balance in the queues below that 594. We finally
hit the target I've been talking about for probably the past month and a half or so, which I thought
we'd get down to, which was 580s. So we kind of filled that up where the support is and then 6520
in the S&P. So I think when you look at the geopolitical landscape now, I think the big driver of some of the Trump narrative today was the fact that the long bonds, if you look on Friday, the move index was up like I think 28%.
And for those who don't know what the move index is, that's the volatility of the bond market, which is a huge jump.
You've seen 30-year yields going straight higher, 10-year yields over 440.
And the one thing that it seems like we've noticed in the past year,
definitely with the tariff tantrum last year,
is that the bond market seems to get the attention of the administration and Trump.
And all of a sudden, you have mortgages that are closing in to go over 7% this week, which would be the first time in six or seven months higher because the two things that will definitely hurt economic growth would be a much stronger dollar, a much
higher yield, and then much higher oil. Those are three negatives because remember, you have a lot
of these multinationals that will be reporting earnings in the upcoming for the first quarter,
and a higher dollar will hurt their earnings. Those companies that
have do a lot of business abroad. So that will be a earnings reset on the dollar. But overall,
I think like Ryan and I were saying today on stream, for those that listen, you really have
to pick your stocks, maybe do nothing, be in a cash position, look for, you know, maybe certain
areas of opportunity. Like I've said, one thing
I've been doing, I've been selling a lot of spreads, a lot of iron condors, stuff like that,
because the market's been ping-ponging back and forth. And I've just kind of stayed neutral to
direction, maybe leaning slightly short. But overall, I think you need to be ready because
at any moment, today's a perfect example. You get a headline at 6 a.m. and S&P futures are down
just under 6,500 and all of a sudden rip up 130 handles. And that could be the narrative for the
next few weeks because you just don't know on either side. They have a little bit of softening
today in the rhetoric. And then you go into next week, Trump could totally change his tune. Maybe they don't make a deal and they're back to ramping up the war escalation again.
And we're back to the downside.
So I think the best thing you can do is keep your size small.
If you're trading intraday, the moves have been pretty big.
I think we had a couple 300-point move in the NQ off the highs.
You don't need a lot of size to make some money.
So just keep your trading limited, keep it small. And honestly, I think cash is a great position
to just kind of wait until we get some reassessment in this market on where we're going with this war.
If it wraps up and we get some levels to trade from that are post-war, I think
it'll be much cleaner, maybe much more directional and be a little bit easier to trade. But the
headline risk is big right now. So my advice to everybody would be stay small and maybe look at
some of the names that are in really beat up sectors that are down if you want to look at
potentially getting long. But keep it small and cash is a position.
There you go, Will.
Appreciate your thoughts.
It was a great little roadmap thing
that you scribbled this afternoon
and it summed up the back and forth headlines
that we had perfectly.
Very interesting day with all of that.
Nick Drindle, I'm curious how you're navigating the markets
with all of this choppiness.
You seem to always find little pockets of opportunity here and there to either side.
I'm curious what you've been doing in these markets.
Yeah, it continues to be a really difficult market.
Even as someone who I like to buy undercut and rallies or undercut and reclaims more than buying on strength.
So this market is the type of market that my entry tactics will do well in.
But there's still no like legitimate follow through unless you're in like the handful of leaders that are still acting well.
well. I think the big trade for me last week was just the short silver that fell out on Thursday
morning. Same with the gold miners, which I guess both of those had even steeper fall-offs this
morning and then bounced back. But outside of that trade, I really haven't had a meaningful trade in like a couple weeks now. I keep getting immediate,
like some nice traction on day one. I can sell a third into strength. Maybe I'm lucky enough to
sell another third, like on day two or three. But for the most part, it's I put on a trade,
it moves up maybe a percent or two in my favor, and then comes back and stops me out by the end of the day.
And if you're a newer trader, and you've gone from a market up until October 10, that every
pullback you bought would be a 20% rally in three days, and then you'd be super profitable.
This is like a very difficult market. And if your risk management doesn't change in a market like
this, and if your position sizing doesn't change, I think I know for myself, like I've
earlier in my career, I've tried to trade through chop like this, and I've gotten beaten
up in a big way trying to buy relative strength that I've seen. The only way to buy this market
is on undercut and reclaims. Today was a good
day one potential rally. It was nice that oil got down and started to break down. And
there are a handful of stocks that are still acting really well. But this is just day one
of a potential rally. Getting back through the 20-day moving average is kind of the spot
that I would look to be more aggressive
on the long side. But to do that, we got to get over the 200-day. We got to get over the 10-day.
Got to build out these higher lows. Ariel and I were talking, the soonest that we could see a
follow-through day is Thursday. And hopefully we do see something like that on Thursday. But if you're feeling like you're missing out on anything in this market, I would
really, really urge you to size down and not worry about what everyone's doing on social media.
Because there is enough volatility for day traders and very short-term swing traders to make
incredible gains in a short amount of time. But if that's not your style, and if you haven't
been through a couple market cycles of this type of shop, this is the type of market that
can really, really hurt a trader. And you can just avoid some of that by sizing smaller
or just waiting until the indexes get back over the 20 day.
Yeah, patience has been a common theme that you and many others on this panel have mentioned a lot over the last, I mean, six to eight weeks at this point and continues to reign true.
I know you guys have done a really good job of being ahead of that and putting those thoughts out there for the audience.
So we definitely appreciate that.
Nick, I'm curious whenever I come back around what you'll be looking at this week for your two picks for the week.
You mentioned Ariel's name in there.
So let's go over to Ariel next and see.
Ariel, what do you have to add?
Anything that you agree with there?
Maybe something you want to take a different angle on, anything like that?
How's the, how the market's treating you?
Yeah, I think, you know, even today,
and again, as Nick mentioned, we were discussing this, you could have looked at USO and been like, oh, wow, 9% down day, that's going to be bad for some of these energy names. And you would be completely confused if you looked at the XLE or a Chevron or an Exxon Mobil or a ConocoPhillips or you go down the list.
or ConocoPhillips or you go down the list. In fact, they closed right, some of them into a
new all-time closing high. So it's just one of those environments where everything that you're
kind of expecting to happen, sometimes it's almost the exact opposite. You go into Friday and you go,
boy, things are really breaking down. But I think if this market's taught
us anything over the last, really even since call it the beginning of February, is that really
ugly closes. You've been getting these kind of reversals. And then on the reversals or under
these gap ups, especially into something as drastic as a 2% up day, it's effectively all
the meat is off the bone, right? There's not much more
opportunity there to really, you know, get aggressive on the long side. You know, Nick
made a good point, you know, buying these pullbacks into an ascending moving average,
or into a prior day low, and kind of playing the reclaim, it makes a little bit more sense
than let's say buying a gap up, buying a breakout,
or on the flip side, shorting a breakdown. And that's kind of what happens when you're in a
sideways to down market. Your rallies in a down market can be head ripping. So if you're kind of
chasing a position, you're getting beaten up. So if you chased into the hole on Friday,
you're getting beaten up. So if you chased, you know, into the hole on Friday, you know,
you could see the action right into the close. On Friday at the close, you had spy up a percent.
And then now you look at it from a perspective of if you're kind of chasing that Friday move and
that Friday afternoon move didn't stop you out or into the close, you know, now you're dealing
with a gap up. So incredibly difficult
environment. There are obviously some themes that continue to work. Energy, oil, and gas,
as I just mentioned, continues to be one. The optics are okay. The memories are still fine.
They're just digesting some of these massive moves that they've had. Some people could look
at Micron and maybe say, you know, it hasn't been acting well since earnings.
And I'm not I'm not necessarily going to dispute you on that.
But I mean, just, you know, you could look down the list, all the S&P 500 sectors, whether it be XLK looks questionable.
Financials don't look great. Consumer staples don't look fantastic.
Health care doesn't look great. So it's like, you know, where do we go next?
Nobody really knows the answer to that question. don't look fantastic. Healthcare doesn't look great. So it's like, where do we go next? Nobody
really knows the answer to that question. Do we get a follow-through day as early as Thursday?
But then part of the problem is what stocks are really set up to go higher on a potential follow-
through day on Thursday. So the market marks a low on Friday, then what happens from there? Do we really have stocks that are set up
properly to go higher? I don't see it in the mega caps. I mean, everything is effectively below the
200 day outside of Google and Apple by a very little. Everything else just looks kind of crummy
and I don't blame anybody for just being sidelines, being heavy cash,
you know, kind of taking the middle ground here and doing the absolute least until the market,
you know, gives us a little bit more resolution. Has the pullback been enough? You could see how
closely tied to the hip the market is with crude oil. And then, you know, part of my brain says,
even if they open up the straight of Hormuz, and I'm no expert on this, but all of the reports, if I'm not mistaken, is some of the infrastructure has been damaged.
You know, just because you open up the Strait doesn't necessarily mean you get a bunch of barrels online anyway.
So it looks like there's going to be a deficit regardless.
And it probably affects us here in the States a little bit less than everybody else.
So we have West Texas Intermediate, WTI.
Then you have Brent Crude.
And then the Asian markets, they're paying way more.
So it'll be interesting to see how this plays out.
I don't even think that if you open up the Strait of Hormuz,
that all of a sudden, the damage to infrastructure is just going to be fixed overnight.
So I'm trying to remain optimistic. I still see names that are working. You've got great stocks
like FSLY, you know, and AMPX, and you still have some positive things going on around the market,
but not enough to get me super excited that if this Friday was the low, or excuse me, if, yeah,
last Friday was the low and this Thursday we, if yeah, last Friday was the low,
and this Thursday, we get a follow through day or Friday or Monday, that there are enough names
that can physically carry the market higher in terms of market cap to make a difference. And
that just probably means more chop, unfortunately. So that's kind of what I'm at least prepared for.
And, you know, to what Nick said,
I think entry tactics here are very, very important. You can't chase 2% gap ups on the
market. Shorting into supply, shorting into prior day highs, shorting into declining moving averages
makes the most sense. And then buying pullbacks into ascending moving averages and buying pullbacks
as undercut rallies in terms
of managing risk is what makes most sense. Don't get overly excited because the markets are up 2%
today. And then on the flip side of that, don't get totally devastated because the markets are
down. Because the moment you get too negative, you get a headline and then you're getting your
head ripped off because you've shorted into the hole. So if you're going to short, short into supply.
If you're going to buy, look to buy on undercutting rallies.
I really like that approach both of you have mentioned there, which you can see when there's
areas of value in the market, right?
If you multiple areas of support or resistance, either one.
And yeah, a lot of times you break out from that.
But when you reclaim into it, you look to, you know,
traverse back into that midpoint or back into a moving average.
That's, you know, maybe we're a little extended from, you know,
to the downside right now.
right now. I really like that approach that both of you guys have mentioned there. I feel like
I really like that approach that both of you guys have mentioned there.
I tend to trade that way in general, but definitely in a market like the one that we're
currently in. I just feel like that's the easiest way, you know, previous days range,
hires and lows, you know, if we step back in, you try to traverse back up, you know,
towards the middle somewhere, if not to the other side. So I really like that approach that both of you guys have mentioned there.
Let's continue around here to some more of the panel.
Sam, I think you are up here.
It's showing Sam and Chris and Will, all three, as listeners for me.
But Sam, if you're up here on stage,
we'll go ahead and throw it over to you next for your thoughts.
Yeah, I mean, I don't think I believe this bounce. I'm not saying
that we're going to drop down from here, but I'm saying that I don't think that we're out of the
woods. Mostly because you saw the reaction to oil. There was a lot of heavy positioning to the long
side in crude oil. We've seen on the COT futures for oil.
So it kind of makes sense that you have a little bit of profit taking over here,
considering oil had a decent pullback.
But if you look at the oil stocks or you look at XLE,
that has stayed strong throughout the entire day.
In fact, the entire dip was bought this morning
when it opened up around 58 bucks,
closed to the highs of day.
So oil is definitely a trade that continues to be at play.
XLE has just been up into the right
at the beginning of the year.
Rates became an issue when it was around 4.45%
for the 10-year, and it didn't close a lot lower.
Like you still need to have a lot of the impacts from the heightened oil prices, which are
still arguably high.
So that's a lot of shock supply to the market.
Or not shock supply, but that's a lot of demand supply to the market considering the supply
is going down.
And even if the war ends, it'll still take some time for oil to come back down.
And that ultimately is going to be the strain on the market and the economy right now. So if the US dollar
doesn't come back to the levels it was when we were hitting all-time highs in the end of the year,
or if oil doesn't come back down to like the $70 range where things are a bit more stable,
even lower than that it should be, I think we're still going to continue to see some choppiness
or maybe a continued downward turn in the market.
It's also not just that.
That's not the only issue that's happening in the market right now.
There's also private credit, which has been brewing in the background for quite some time.
And isn't like, oh my God, oh my goodness, like the market's going to blow up tomorrow.
But it is definitely something to keep an eye on as you continue to see that private
credit's being hit by the market.
So we need to see that come back.
And also on top of that, the big banks or XLF barely even bounced today.
You do need to see some dispersion into that sector.
We see more rotation coming back to the markets, not just tech,
because that can be very high volume and can be very whipsaw back and forth.
And it still has a massive downturn below the 200-day moving averages in XLY and XLK and XLC so I'm still I'm still cautious I'm not trying to do anything crazy
just didn't long some XLE lately but not really a whole lot like I feel like you just gotta wait
right I'm not too good at trading this environment I did give some gains away from the beginning of the year by attempting to do that.
And I guess that was a mistake to do, but it is what it is.
But it's kind of sitting on my hands, just waiting to see what direction the market's
going to portray itself in.
I mean, historically speaking, we are at excessive valuations on the S&P 500 as far
as forward earnings go.
And even though a lot of these software stocks pulled back good about, some of them are still
pretty expensive. And that's mostly the ones that probably have a lot
of upside in terms of AI that already embeds it. Like CrossTrack is still trading above 20 times
price of sales forward. And a lot of other companies are still pretty expensive, even
though they pulled back quite a bit. So it's possible that, in my opinion, it's possible that
given the private credit issues as far as refinancing goes for a lot of software companies,
a lot of them can have to renew their debt at much higher interest rates. So that might pose
a problem as far as their cash flows goes in the future, in terms of inflecting to profitability.
So maybe the market is a little bit concerned about that one. But seasonality, we're still
kind of in a weak market. I think this is probably going to
continue into April, if anything, but it's possible we might have seen the lows already.
But we've seen that the market continues to drift a little bit lower, while most of it is going to
be centralized in tech, and you see the other sectors continuing to catch a bid, like materials,
XLB, or industrials, XLI xli which are pretty considerable on the day
even xlu is green on the day so you know just continue to just be patient in this market i i
don't i i hate to be it but sometimes with this chop back and forth it gets a little bit nauseating
um to clear out from all the noise especially with all the headlines so we are in a headline
driven market right now where you can just get any headline, it can just move the market like 2%. So I'd say be pretty
careful. I was expecting a bounce last Friday, we didn't get it. But and we definitely didn't get it
until Sunday night. And the markets are kind of overdue for a bounce in terms of the futures,
I think on the four hour timeframe, very oversold in ES. So I believe we did get that bounce. And then again,
that doesn't mean that we need to drop back down and make a lower low. We can easily just chop
sideways from here or just consolidate for a little bit. And that would really burn a lot
of premium buyers who are trying to chase this moves with call options and stuff and just continue
to be frustration with people who are trying to get that follow through daily move, which we have barely seen since the beginning of the year.
Like since mid February, it has just been open,
opens at the low of day, closes at the high of day.
Next day closes a little bit higher, fades the entire move,
and then so on back and forth, back and back and forth.
But on the shorter timeframe, the daily chart,
it just does not look good
on the market. We tested the 200-day moving average today, could not even close above,
it got rejected. So today was the second high volume day of the entire year.
It just, it appears to me that this might be, and Logica was saying it on the stocks and spaces,
that these could just be distribution days where the market makers
brings the stocks up very high and sells into the volume that's chasing it. This could be it because
besides that 2% move that we had and last Friday, we did get a lot of sell volume.
We haven't gone anywhere at all since last Friday. In fact, we're trading like near the close last
Friday, I think a little bit lower from then. But we've had a massive amount of volume. So maybe these are just distribution days, which
just is not good when you think about the long term bulk case. So I'd rather just wait and see
what's going to happen. Maybe trade a very small size. Other than that, long term portfolios in
tax don't really have, I'm not like someone who goes like 40% in cash or anything,
but I do have like a 5% to 10% cash position just in case something happens.
Also, I have room to possibly open up some hedges and stuff if I need to.
I think that opening up hedges has been just a chop fest lately
that I've avoided doing it since the other Friday.
And just been strategic with it.
Taking profits very quickly.
I traded AOI and I took my profits on it in the middle of last Friday.
And then I even traded Reddit and I got stopped out like it's just
it's a pretty tough market to trade in in my opinion. You guys are definitely a lot better
at the short short term trading than I am. I like to stick to more of the swing trading
hold for a couple of days or a few weeks and stuff but that has been a very difficult game
to play with lately so I've either trimmed the size down a lot or take profits a lot quicker
whenever I'm doing that. I know Ryan was having some problems during that one, but Sam, I appreciate you for the good
rundown there. I would like to go over to Mr. Chris Patel as well and hear your kind of initial
thoughts here. Obviously, the first 30 minutes or so, we try and go through market sentiment.
Next 30 minutes, we give those stock picks. We'll come around to those stock picks after.
But Mr. Chris Patel, I feel like it's been a couple weeks.
I'm curious on how you're feeling about this market.
Any, you know, general sentiment.
Have some courage, you pussies.
What the hell, man?
What the hell?
All right.
Every single time you come in with the swag and stuff, dude.
Oh, my goodness.
All right.
So let me just break down a couple of things real quick.
I think private credit, majority of the issues there are primarily because of liquidity,
not necessarily credit quality.
There's been a re-rating of software companies because of the Centrini report and everyone
just rating software multiples lower.
As far as I can tell, most people are fine
with the software that they have.
If there is gonna be some sort of a replacement,
it's not gonna happen overnight.
So in terms of credit, credit works in cycles, right?
So if you have a business that's actually cash flowing
and you're generating EBITDA,
if you have a five year out time horizon,
no one's gonna be like, yeah, let me call, oh, I could just go to ChatGPT and ask you to create a software program and train 5,000 of my employees.
Like, that's not how software works.
Not to mention there's all sorts of other maintenance part that goes into it.
Could there be some pricing challenges in the future because there's more competitive pressure on your software?
Maybe, maybe.
But I think the market right now is really overdoing it.
This really feels like 2022 when everyone's like,
oh, Meta, you know, no one's going to use social media anymore.
Everyone's just going to do something else.
Oh, Google search.
You know, no one's going to search for anything anymore.
Oh, that's not, AWS can never make money anymore
because now it has competition from Azure and GCP.
Like this, whenever these like market sentiments come up, I feel like everyone gets discouraged.
Everyone goes super bearish and multiples tend to contract hard.
And then you layer on top uncertainty coming from this war situation where you've constantly
got this back and forth, back and forth.
You also got questions about, is inflation going to rear its ugly head back again?
So usually, this is like, in my opinion, when I look at this market, I see peak fear, right?
So when I see peak fear, typically, because I'm more of a long-term investor,
I'm not trying to trade in weekly.
I don't follow the 200 days as nearly as much as other people do, or 50 days,
or a lot of the technical jargon.
I'm pretty much just like, hey, listen, does the company make money? Yes. Does it buy back shares? Yes. What's
the earnings look like four years from now, five years from now? Is it going to be relatively higher
than it is today? Yes. What's the current PE? What has it been trading at in the past? Should I give
it a little bit more of a discount because it's a maturing business? Yes. And then just based on
that, you know, so I think right now the market's giving a lot of great discounts. So if you're a long-term investor,
maybe you don't want to blow your entire cash wad on the side
and be like, yeah, I'm going to go all in right now.
But it might not be a bad time to start dollar cost averaging in
if you're a longer-term investor
and you're not necessarily care about getting the best price,
absolutely, based on a technical reading.
So that's where I'm at with this.
The conversations that I'm having with people, you know, people are getting into this zone of malaise.
And they're really dealing with a lot of uncertainty.
And I can feel it too, like trying to get a read on this market in terms of like how things are progressing because of all the stuff that's happening in the straight-up moves and all that stuff.
It's definitely not fun to watch. But then you also have to remember,
it's usually times of uncertainty where you get the best discounts, right? When people are thinking
that the world is going to end is when you typically get the best value out of here.
So when you have companies like Microsoft, Amazon, Google, maybe not Google right this minute, but
Microsoft especially trading at like a six-year
low in terms of forward valuation, you're getting a pretty good discount. And then when you consider
that Azure and everything else is like crazy, stupid RPO growth, you know that a lot of that
revenue growth is already visible. So I think right now people are getting nervous about this market.
So I think right now people are getting nervous about this market. Yes, there's choppiness here
and there, but if your time horizon is long enough and if you're in a position right now where
you've got some losses on some things that you're unsure about long term, right now might not be a
bad time to just high class the portfolio while you're getting discount on other things. Not wait around for your underperformers to perform a little bit better,
but instead just find those high growth, really great companies that you know you have a strong
conviction in the long term and buy them now while they're on sale. So that's where I'm at with this.
I figured I'd change the mood a little bit from the, oh my God, everything is going to be okay. Oh, is it not going to be okay? Mood that the current chat has right now. Sorry, guys.
Just wanted to put some positivity to the mix. All I got from that was that you called us all
wussies. Wussies. I called you the wussy, bro. You're the biggest wussy here.
The rest of them are cool. You're a wuss.
You're a wuss, bro.
You're in last place and you just came in
and just insulted everyone, dude.
That is not cool. You need to
follow that up by becoming first place next week.
If you don't get first place next week, you need to apologize
to all of us. I'm a long-term investor.
I don't care about weekly trading.
What the hell are you doing here?
I, for one, know what I'm picking this week.
BMNG and BMNU.
I'll be joining you in first place, Chris.
What's up, Jordy?
How are we feeling on some market sentiment here?
Ryan's life on the spaces.
Boy, we're feeling just, I'm taking things day by day.
That's all I can really do here. I don't know.
I feel like, you know, that's what it's been like for everybody over the past few weeks.
I, like everybody else, don't really have an amazing read on where we want to go, you know, weeks from now, potentially.
Like, that higher time frame is just so jumbled into the bottom of this range that we're sitting in that I just,
I don't have a lot of confidence in a bigger timeframe direction right now. But intraday
trading has been decent. I definitely think the intraday has cleaned up a little bit more since
the past, you know, like two weeks ago, it was a little rough. So I think, you know, day traders are getting
rewarded with the volatility right now. But overall, I really, I just feel a lot like Nick.
Nick was saying, you know, the entries are there, but not really full follow through. And I feel the
same way, even on the intraday side of things. I find myself taking profits on same trades I'd let
go way further. I'm starting to trim those a lot earlier now.
So really just taking it day by day,
trying to make sure, you know,
if I am taking any trades that day
that we're trying to take A plus setups,
even though this environment is really,
it's a struggle to find like these quality setups,
I think personally where things aren't,
you know, very stressful
or you actually have a lot of conviction in it.
I just find it really tough to have a whole lot of conviction in this market right now.
But intraday is cleaning up. Volatility is still around. And it was a wild gap down to freaking
fill the gap this morning last night. So we'll see how the rest of the week goes. Is this another
short-term bottom to hold the lows like we've been doing over and over i mean i'm gonna have to think that right
every time we come down to this area this market gets bought up but again no follow-through to the
upside really out of this range so just waiting for that expansion in this market until then we're
just gonna keep taking it day by day and just really playing nimble on the you know on the
intraday.
So that's how I'm feeling.
No real long-term sentiment right now or higher time frame sentiment.
Just got to get out of this range.
And then we can really talk about that with some confidence, I think.
Jordy, can we maybe start with you?
I think Will is the winner.
So we would have normally started with him.
But Guy said he's out.
We can start with him.
Mine's easy.
Mine's easy.
X is having some problems, so I know it's a weird day on here.
Oh, good, yeah.
Let's run the T-Triple-Q long and S-Triple-Q short.
I like Chris.
He's not scared, and I ain't scared either.
Let's go.
Let's run it.
All right. Nice, nice. I respect go. Let's run it. Alright.
Nice. Nice. I respect it.
Can you give me that one more time? I feel like I should be writing
these down for a hint at the squad.
Maybe. I'll try and
keep track of them too.
T-Triple-Q long, S-Triple-Q
short.
Nice.
Alright. I'm going to throw a little 360
reverse it. BMNG short bmnu short oh boy
all right let's let's touch my best are you shorting oh okay that was yours
that's mine here we go i'm oh wait is ryan on top of the same one
no okay i'm going short bmng short bNG. We're doing a little 360 reverse it.
Watch out.
I think Ryan is keeping track for us, too,
because he can hear us.
He just can't get up.
Is he short BMNG?
Mr. Sam.
They're just in the competition.
You can put my name against it.
Okay.
But you said 360 reverse,
so that would be a 180 reverse.
That is a very fair point.
You know what? All right. We're going to 360 reverse it That is a very fair point. You know what?
All right, we're going to 360 reverse it.
I'm playing mind games.
We're going to go long BM&G.
All right, good convincing.
All right, Sam, what's your picks?
I'm long BM&G, long BM&G, Ryan. I got back.
Oh, my goodness.
No, no, no, no.
I'm going to go long.
I'm going to go long AOI again. You know what? I don't want to do that. I'm going to go long XRG or XRE. I forget which one is a two times XLE ETF.
I was actually going to do the SCO, uh, someone already picked that one.
so I'm also going to go long.
And I think if we do see some fall through,
then rates are probably going to come down.
I'm also going to go long TMF,
which is a three times TLT long end of the curve.
All right,
there we go.
Appreciate you, Sam.
I'm just going in order.
I'm seeing you guys up here.
Mr. Chris Patel,
where are we playing in on these stock picks for the week?
I'll go long DPST,
which is the regional bank triple leverage.
I don't know if there's a triple leverage for private equity,
but I'll take that.
I don't know if anyone knows any of those,
if there is one triple leverage for private equity, but I'll take that. I don't know if anyone knows any of those. If there is one.
Let's see.
There might be a double watch.
2X ETFs for private equity.
Let's see how the AI helps.
It's a one called PEX.
I've never looked into this before.
What is this?
I don't know.
I haven't seen it.
Or even BDCs.
I'll take a double leverage for BDCs.
Hold on.
I don't think this is double leverage, though.
Let's see.
There you go. Maybe we need... Oh, here we go.
Maybe we need... Oh, here we go.
Maybe.
EX is single.
Yeah, but I don't know.
BDCL, but I think that's gone.
I don't know.
Let me just pick one BDC then.
Just put...
One good one.
Apollo. APO.
And there's no 2X Apollo ETFs yet. That's fine. Just do regular
Apollo. It's fine.
We're to the DGEN spaces here
strong. We need those 2X.
This is America. This is 2026 spaces here strong. We need those 2X. Get me on everything.
Yeah.
This is America.
This is 2026.
If it doesn't have a 2X single stock ticker, I mean, what are we doing?
I appreciate you, Chris.
Everyone, I know we're in a little smaller day on the spaces.
The X is having its problems doing this stuff.
But as you guys are chilling here, people say interesting stuff, smart things, whatever it is.
Feel free to follow them.
Obviously, this is just a competition for fun fun we're just kind of here hanging out i don't think most of us would
sit here doing these 2x uh etfs and some of the other ones maybe they would in the right environment
this doesn't seem like the prime environment for it but um it's fun to have these competitions
it's it's a good time these are meant to just kind of be informational purposes only obviously
we started off with thoughts now we're getting into some of these picks, but
obviously, we're just here for fun. This isn't even everyone's
necessarily exact trading style as we were talking
in the past, so good stuff.
I think Ryan just
put out long GLD,
short USO. Is that his pick?
Long GLD, short
USO is what Ryan wants.
Mr. Nick Drendel,
I appreciate you always hanging out with us on this one.
A long-time participant on the show here.
You got your picks for the week?
I do, yeah.
I'm going to go with BKSY on the long side.
That had a nice bounce off the 50-day moving average on Thursday.
Tried to get going on Friday,
closed positive, but like towards the lower part of the range. Then today up six, six and a half percent, really big weekly base there. So if we do see market pressure lift for a week and we get the
little oversold bounce in the market, I think this looks really nice for higher. So that's BKSY
on the long side. And then I'm going to go ICHR also on the long side, kind of a newer
name, just got the 200 day sloping up for about two months now, but already made a sizable
move from 16 up to 50. Gap up on earnings has really gone sideways, showing nice relative strength.
And trading-wise, trades a little bit more orderly than the volatility that we've been
seeing in the market.
So that's a sign to me of accumulation in the stock.
So we'll go ICHR on the long side and BKSY on the long side.
Shout out to you, Nick.
I appreciate you for hanging out with
us here we got those pick marked down also obviously we put a tweet out after the spaces
with all the picks so be on the lookout for that if you're having trouble uh hearing anything if
you missed anything but it was very clear there ariel bringing us uh bringing us home here you
got uh two stock picks for us for this week i I do. Yeah, we're both short plays. We're going to short some LITX.
We had LITE kind of reject that early March high, roughly 780s.
So I like the idea of shorting some optics.
LITX, just casually up about 1 about 1400% in the last year. And then we are going to short AXTI as well,
up about 5,000% in the last year. So both of those for some good mean reversion.
That's it? Wow. I feel like they'd be up more than that.
you would think, right? You would think the last 5,000% name that I remember,
You would think, right? You would think the last 5,000% name that I remember,
and I'm sure there's maybe been others, but the quantum names, and I'm not trying to compare
these optics to the quantums. These optics definitely have a very nice business, at least
a business that's got some demand in it. Just look at the news on AOI today, but LITE. And part of
it, I think, is seeing what the memory names were up to today, not a bunch LITE. And part of it, I think, is, you know, seeing what the memory names were up to
today. Not a bunch of anything. And these two groups have kind of been moving together as of
late. Very interesting. Anyone else think memory might be at a cycle top? I know I spoke to this,
I spoke to Sam about this before.
It's always very cyclical.
And Micron just posted pretty incredible earnings,
and we are resting right on the 50-day.
I feel like if those earnings couldn't get that name moving,
I don't know what the hell it would take.
Yeah.
Those were incredible earnings,
but we've seen this movie before with uh with
memories has it been to this extent have we had data centers being built out like this before
no and and no but it's always the rosiest at the top yeah yeah i mean uh what was a stanley
drunkenmiller that says if you have a stock that basically has the best news possible and can't make a goal above, that's probably it.
So I don't know. Like I said, I'm going to do more research on it.
There was also some news with Samsung today and somebody correct me if I'm wrong, but they're basically ramping up production on memory as well.
And, you know, they are they are basically the, you know, the gorilla in the room. Right.
they are basically the gorilla in the room, right?
They're the biggest player in the space.
So if they're ramping up production,
you would suspect that maybe there's not as big of a bottleneck going forward.
But what the hell do I know?
I don't know.
All I know is that those earnings were unbelievable
and Micron hasn't done a thing.
Yeah, yeah.
And I mean, look at NVIDIA.
NVIDIA has been stuck in this range for literally almost seven months
and every earnings, they've just been killing it.
So, I don't know. Let's see what happens.
Yep.
Hey, Nick, what was your second pick?
ICHR.
Yep.
Awesome.
Also, by the way, Will, who is not here one last week he picked amdg and sco
both long a mdg which is 2x long amd etf and then sco what is this other ultra short bloomberg Ultra short Bloomberg crude oil. Yeah, it's a two-time one. So he's long AMD, short oil.
Funny thing about that was that I came in today,
long XLE and long SCO,
and they both paid.
Like, that's freaking wild.
You want to know a little fun fact?
On this day in 2021,
that ship that got stuck in the Suez Canal,
the Ever Given, actually, this was the day it happened.
2021, five years ago, simpler times
when that was the biggest problem, but
that was what the conversations were
on this day and that year.
Reminds me of the Austin Powers gif where he's on that cart
and he's trying to reverse in that small tunnel.
I remember seeing that one back in 2021.
It was prime meantime.
It was prime meantime, honestly.
It was a great time on X.
Might have peaked.
Middle of COVID.
Literally, a ship stuck in the Suez Canal.
That was all everyone was talking about.
Interesting days.
But yeah, that was five years ago.
Wasn't this when Liberation Day was starting to come around?
Like, this is when they first started talking about tariffs also last year?
Let me get the date.
I feel like it was early April, which is where we're coming to.
Yeah, this was.
This was.
This is when Trump started the
noise that basically were unfair.
I think it started with Canada
right around now. Canada and Mexico was
first.
Yeah, this was around the time we had
that bounce and rejected
the, I believe we rejected
the 200-day moving average.
April 2nd is
when he said it was Liberation Day,
I think is what it was.
Yeah, Liberation Day was Wednesday.
I remember that.
But he's talking about like March
where it started to happen.
Sam knows the exact day, bro.
That must have been pretty traumatic for you, huh?
I think everyone feels the same.
I mean, I don't know. Last year was pretty brutal. I don't know. Maybe it's just not me. the same. I mean, I don't know.
Last year was pretty brutal.
I don't know.
Maybe it's just not me.
Maybe it's just me.
I don't know.
23% down.
Also.
All right, people.
We appreciate you all.
Expect that tweet coming out with the stock picks.
Make sure you are following the speakers. Again, space is being a little weird.
X is being a little weird. I know it's glitching,
but I'm sure a lot of you guys were able to get in here.
We appreciate everyone for hanging out.
One of our longest running spaces series.
Shout out to the squad.
This is obviously recorded, as always.
If you miss any part of this, we'll probably give it another
share on the timeline a little later, as it was
a weird point right now
in the X uptime cycle,'s what we'll call it i don't know but um i hope you all have
a great one we'll catch did you see um m plus text we got we got ariel's second pick yeah
we got ariel's wait okay i'm just making sure because i saw his text okay yeah yeah
ariel what was your second pick axtiXTI short and LITX short.
AXTI short?
Yes, sir.
AXTI, there you go.
All right.
Thank you, Ariel.
Thank you, Nick.
Thank you, Chris.
Shout out to you, Sam.
Appreciate you, Jordan and Ryan.
Shout out to the crew. Full crowd for hanging out with us today.
We appreciate you.
Follow the speakers.
Later, guys. Bye. Thank you.
