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STOCK PICKS FOR THE WEEK!
Recorded: Feb. 23, 2026 Duration: 1:05:51Space Recording
Full Transcription
Thank you. Thank you. all right welcome in everyone happy monday it is monday this week it threw me off last week but we
got it this week monday february the 23rd 5 tm eastern it is time for stock picks of the week
and uh here we go again uh boy we had a neck and neck, like I thought it was going to be a photo finish, but then we had one guy pull away here at the very end.
Let me go through the quick results here for everyone.
And then we'll jump into the market sentiment thoughts as always.
And then in the back half of the show, of course, get our picks and everything going for everyone.
Just send out a bunch of invites.
We'll see if some others straggle in here a little bit.
All right, this last week's competition
was a little bit short in one, one day shorter.
We did it on Tuesday evening.
So we went from Wednesday's open through today's close.
So a little bit shorter, but either way,
the market really didn't go anywhere. Some names went really
far, different directions, but the market itself, SPY, down 0.24%. So not even a quarter of a percent.
QQQ less than that, 0.12%. Basically in the exact same spot we were when we did this show
last Tuesday. However, there was some movement. As a group, we were down 1%.
So we didn't beat the market this week,
but we did have four people all in the green.
Our champion from this last week, 5.92% return goes to...
Can Will 3-peat?
No, Will cannot 3-peat.
He was so close.
But Nick Drendel, 5.92% return,
the current champion for Stock Picks of the Week.
Second place does go to Will, 4.47% return on his.
Third place goes to I Love Stocks, Vegas herself, 3.03% return there.
And I guess I was agreeing, I'll throw in an honorable mention, 3.03% return there. And I guess I was green.
I'll throw in an honorable mention, 1.78%.
I did have the best pick of the week, but I didn't even make the podium.
So great job to the crew.
Top picks for the last week.
I was short Rivian, which worked out very nicely, 9.33%. But it didn't help my overall average too much with the Boeing being down a little bit.
Second best pick of the week goes to Nick Drendel, our champion.
PL Planet Labs, 6.16% return.
And third best pick of the week, GGLL, Google 2x leverage from Will, 6.03% return.
And just to finish out kind of the results here for the three podium finishers,
you had Nick Drendel with PL with the 6.16% return.
And you also had LabU, L-A-B-U, with a 5.67% return.
Fantastic job across the board there.
Second place, Will had, of course, that GGLL. He also had AMZU with a 2.92% return. And then Vegas, 3.29% on TSMX. That's Taiwan semi-leveraged. And then NVIDIA, 2X leverage, NVDX, 2.78% return. So fantastic job with the panel and congrats to Nick Drendel. Let's go ahead and go
over to Nick Drendel first here. Nick, fantastic job. Two just incredible picks here. I mean,
just look at a 6% and just over a 5% return. You're averaging out very nicely there in a
down tape across the market. You found the winners. Fantastic job there.
Any comments on that?
And, of course, your updated market sentiment thoughts
as we've got another almost full week since the last time we talked in the books,
and we're at the bottom of the range.
We haven't gone anywhere.
I don't know what's next.
Navidia earnings, maybe.
How's it going, Nick?
Each of these weeks, even though they're short
in trading weeks, like they've been feeling very, very long because of all the volatility that
we're getting. And the indexes are doing a great job at masking like the true volatility in the
market where I know S&P 500 is down, what is it like two and a half, 3% from highs, but you have
software, cybersecurity getting absolutely destroyed.
But then you have groups in the market, even tech groups,
like the memory stocks, extremely strong,
SMDK, nice little move today.
You have the optics team, which to me,
like the optics, memory, and then metals,
especially like silver and gold miners,
it's still extremely, extremely strong. But that
optics theme, man, there's some really, really nice looking stocks in there. And they're
not making it easy to buy anything in this market. But you got to find like your way
into some of these themes or and probably even better for your your health and mental health is
just to do a lot less in this market going into last week I was a little bit bullish because on
Tuesday we had the undercut of the year-to-date lows in the Nasdaq and instead of undercutting
and following through to the downside we actually had a little bit of a snapback rally and then
closed well a little bit of follow-through on and then closed well. A little bit of follow through on Tuesday.
And that's where the PL trade really started to kick off there.
And I thought the action on Thursday and Friday, short in trading week, where we got gap downs, but we couldn't push lower was good action overall.
But then we get to today and you get a gap down on the NASDAQ. You're back under the
five and the 10 day moving averages. Software continues to blow up. And you're also starting
to see some other mega caps like Tesla come under pressure, Meta rejected at that 50 day moving
average. And overall, this is not an easy market to trade in.
And I keep telling people in our group, if you've been flat from October 10th, like distribution day, to me, October 10th was when the market environment completely changed.
If you're a newer trader and you're flat through all of this action, like you should pat yourself on the back.
on the back. This is not an easy market at all. And it's been really frustrating to trade,
This is not an easy market at all.
but you have to use progressive exposure, meaning you only continue to build exposure in your
account if you're gaining traction on your trades. And in a choppy market, especially when the NASDAQ
and the S&P 500 are under their 20-day EMAs, I switch my buying tactics. Instead of buying stuff on strength, I will only buy on
undercut and reclaims or pullbacks and then tight day to a key moving average and follow through
over that day's highs. If you're buying things like on clean breakouts or after multiple days
with the stock already being up, you're're just really really making it difficult on yourself and an already difficult market so I think the
sentiment is is the same as last week a overall is gonna continue to be a very
choppy market now in videos earnings on Wednesday I think the market is just
kind of holding its breath for that but But I think it's a little strange
because I'm gaining traction on the long side
on some of my trades,
but I'm not trading the traditional growth names
that has taken us off those April lows from last year.
So you really got to be focusing on new merchandise,
stocks that are in uptrends, but entry tactics have to be on pullbacks, have to be on undercut and reclaims.
If you're doing any chasing in this market, it's not working in your favor. And the flip side to
that too, like if you're shorting things after they've already broken down, you run the risk of,
okay, now we're washed out, we're going to get a snapback rally for a couple of days. And then you're going to give back all those gains as well. So this is
a day trader's like perfect environment. Swing trader, you really have to shorten your timeframe,
use alternative entry tactics, make sure that you're focused on the right stocks, the right
themes. Or if none of that fits your personality or your strategy, this is just the
time to take a step back, do a lot of reading, do some journaling, review your trades, all that good
stuff, because there will be a time where the market environment gets easy again, but we are
not there. Financials breaking down, there's just way too much risk out there right now to be aggressively long or being
like very confident in either direction. I was telling like our group, you can tell me anything
happens over this next week and I would believe it. And that's how you should always operate as
a trader. Like you should always understand that anything can happen in the market. But especially in these scenarios, extended moves can get way more extended.
And if you're just blindly buying the dip or blindly trying to short something that's
up, it's going to be a tough time for you.
I want to bring back up something you said last week.
We kind of discussed, I think Will was mentioning it as well, but that there's not a lot of clarity in this market overall.
And you hammered home that point.
I remember it clearly.
And I look at the, just looking at my tracking sheet here, we went nowhere.
SPY, QQQ both went nowhere.
Now, obviously, some individual names and pockets of the market had some movement, and you found them.
So well done on that.
But for the people in the audience and maybe the newer trader, the novice trader, you made a good point there last week, and you're hammering it back home here,
and I absolutely love that. There's just not much clarity and not much movement. And I can even remember around November, I really haven't done hardly any options trades myself. I mean, I've
watched my equity go up and down, and today went down pretty bad. But outside of that, I don't see
a whole lot of clarity here and there. Obviously, I can trade the futures day in and day out without any,
but just some of these individual names, there's opportunities,
but the bigger picture is there's just nothing there.
And I think a lot of people are trying to force over and over,
whether it's up, whether it's down, they're flipping, they're flopping,
and I think that can be to their detriment.
Yeah, and I mean, I've been doing plenty of flip-flopping myself,
but I'm trying to short the weakest
names, popping into declining moving averages, and then going along the strongest names,
pulling back into key moving averages, and then cutting losses very, very quickly. And
then just letting the market kind of pull you in the right direction. If we do eventually
break down, all of my shorts are going to stay short and I'm going to get profits from that. I'm going to get stopped out of any long positions.
And if we rip higher on NVIDIA's earnings, well, then my shorts are going to get stopped out and
I'm going to be in the right type of names to go long. But this isn't a market where you make,
well, I'm sure a lot of people are doing this, but to me, this isn't a market where you make
a grand claim and stick your ego into the market and try to force what you think is going to happen.
It's one to just be way more flexible, have lower expectations on any trade that you put on,
and just survive the shop until we get into a better trading environment.
And could I give my pick right now as well yeah absolutely i was gonna say i mean that's
it's just such great advice i think for for pretty much anyone i mean just kind of uh
you know sometimes just take a step back but i like the approach short the weak names and a weak
tape long the strong names and a strong tape and the tape's been flipping back and forth so you kind
of have nice exposure to either side.
One of those will outweigh the other.
Eventually it's just going to be a, you know, time will tell on that.
We'll see how that goes, but I do know you have to run here.
So if you want to jump in with your two picks,
feel free to go ahead and we'll see what the current champion is going to go
with this week.
All right. We'll go first.
Long pick. We will go AA.
Full disclosure, I am long this already, but pick this up on the undercut and reclaim the
support gap and 50 day moving average right around 5650.
And from there, we have like a nice little bounce last week and then we just consolidated
for four days here after last Friday's shakeout or last Tuesday's
shakeout.
For me, I see a nice clean pivot here.
I personally wouldn't be buying the pivot because again, this market you want to buy
shakeouts.
But if we can push that level, I'm sure some people buy that and this is a nice kind of
flag into the 50-day moving average after making new highs.
It's usually a good risk-reward spot.
And it's not a tech name, so that should benefit from the market.
So we'll go AA on the long side.
And then on the short side, I am going to go back in short silver, SLV.
Silver had that parabolic top, fell from what was the actual, well, I'll just do SLV,
fell from 109 all the way down to like 64. Now we've seen five days straight back up.
And with a lot of these like parabolic moves, you get like pretty harsh snapbacks after the low
gets put in, but it's usually a lower high and then you get price
action to roll back over. And then that second slide after the bounce is usually a lot easier
to trade into time, but very similar to when I was trying to short the parabolic move on the upside,
just stay on the right side of the daily view app because everything good is gonna happen to you when you do that so if price is above the daily view app on
SLV I don't want to be short because this can continue to squeeze but if we
lose the daily view app we're already up five days in a row we're in a market
where anything up five days in a row probably doesn't continue to go up so
we'll see how that trade can play over the next week or so.
So I am already long AA.
I don't have a position in silver yet.
Which silver ticker was it?
I started typing.
I got distracted.
SLV.
Okay.
That's what I thought.
That's what you said.
But I was like, let me just make sure.
Because then I clicked on my watch list.
I clicked on just the SI Silver futures to compare and my ADHD kicked in just a little bit there.
Silver up 5% today. Kind of made this little, I can't remember what somebody called it.
Somebody called it like a Texas boot or something. I don't know what they were calling it.
You hear about a new chart pattern like every other week still to this day.
But I do like
the way Silver's pushed itself back up here a little bit strong again today. And then AA,
Alcoa, was there something other than the technicals? Was there anything else that goes
with that thesis or just, hey, such a strong name in a strong thematic sector right now? And of
course, it looks like a high and tight bull flag. Yeah, just the shakeout to the 50-day, first test of the 50-day, and then tight action over the last
four days. And if you want to say, hey, this is a short, if we break through the 50, when you have
tight action, I never argue against whichever direction because I don't have a crystal ball.
And with tight action, you can manage your risk really tight and be wrong plenty of times.
Yeah, absolutely.
All right.
Nick Drendel there, current champion, 5.92% return in just the last, goodness, we'll call
it four trading days because we had the Tuesday night show.
Great job last week, Nick.
Appreciate you joining.
I know you've got to run here shortly, so appreciate you sharing your thoughts,
the words of wisdom,
and then your two picks,
AA Alcoa and SLV, the Silver Trust.
There we have it.
All right, let's continue around the panel here.
Let's go ahead and finish out
maybe some more market thoughts,
and then we'll come back around
and do the picks there.
Will, second place,
I want to come over to you.
I know you were traveling a bit,
but you always keep up with the markets
and everything that's going on.
Well done.
Two green picks there, 4.5% return.
Essentially, nothing too shabby about that at all,
especially in a down tape and basically a flat market.
But curious, what are you seeing out there?
What are your updated thoughts here
as we come into NVIDIA earnings?
Obviously, we had the tariff stuff from Friday and some other pieces happening in some of the sectors that you watch. What's going on?
Sure. Yeah, it was an interesting week. I think that we had some volatility kind of in both directions.
And I think to Nick's point, as he he made earlier if you've been sitting on your
hands or been trading lightly you're keeping your size small if you're flat or slightly up you're
staying alive in this market it's very easy to get chopped up and try to force trades so if you're
newer or you haven't been trading very long just sit back and look for look for opportunities and
you don't have to be in everybody Everybody forgets that cash is a position
and sometimes it can be the best position because when the market is choppy, sometimes it's best to
just sit on the sidelines and wait for things to come to you. The one thing that markets do not
like is uncertainty. And we've had more uncertainty in the last week with the Supreme Court obviously
announcing on the tariffs.
Will there be refunds? Will there not be refunds?
Now Trump's going to ratchet up tariffs to everybody to 15 percent.
So, you know, how long does that last for? Does it get fought in the lower courts?
There's a lot of uncertainty going on.
And then you have continued pressure in the software space.
And you can see one of the things I noticed today is Microsoft broke that weekly trend line
pretty aggressively today, which is kind of scary. Microsoft looks like next stop is probably 375.
When you have big names breaking huge support areas like that, it starts to just be more and
more concerning. And then you look at the banks today, especially regional banks down almost 4.4%. And then the XLF was down three and three quarters, or excuse me, three and a third, excuse me, down today. So banks were very weak. Technology was weak. Industrials were weak. but continues to kind of lean the heavier weighted sectors to the downside.
And when you have staples, healthcare, utilities, and real estate,
I guess energy would be the other outlier that are leading.
Those are all defensive sectors to be positioned in, rightfully so.
And in my opinion, I think where the Qs went today,
or if you look at the NASDAQ as a whole,
but us trading down back uh below 600 back below the
nine or excuse me six you know we close at six so uh 601 41 but below the nine period you're still
kind of below this bigger trend line which is it uh roughly you know it's called 610 and if we stay
under 610 i think it's more bearish but i do think in the next two days here you're gonna get
you're kind of in a a tight consolidation balance where you're going to get some movement one way or the other.
So on to the big catalyst of the week is going to be NVIDIA. And what do those earnings look like?
I think that if they don't absolutely crush it and they don't knock the cover off the ball,
then I think that could set the market up for failure and cues
look for 580 on the flip side if they kill it guide up uh that probably breaks us out of the
short-term downtrend and maybe takes us back towards the 616 level uh is probably all the
the uh semi names will rally and uh maybe we go a little higher so i think nvidia is the key if
nvidia misses you probably take us lower.
But if there is a bounce, even if NVIDIA is good, keep in mind the rest of the sectors,
especially financials, which is the second heaviest weighted in the S&P, broke below
51.05 today, which is a key swing low, in my opinion, and closed below that.
I think that just sets you up for further
downside in financials. And it's going to be very difficult without financials, discretionary,
and technology, and now industrials, which have rolled over slightly, and communications. You
need all those sectors to perform because if you don't, if those charts don't look so great, the path of leash resistance is probably lower.
So like I said last week, and I'm going to say the weak sectors, like Nick said, you want to be looking to sell any strength in the names that are beat up.
And like I said, I'm selling call spreads or I'm selling calls outright in these names and looking for risk reversals.
I may be buying puts or put spreads of the downside so sell the weak sectors continue to any pops that
you get in those names that have been weak you can probably continue to sell them and then buy
the buy the strength on uh on pullbacks like stuff in staples stuff and probably healthcare
i actually think xlv on the weekly chart looks really good um kind of almost looks like a bull
flag on the weekly you could you could. Kind of almost looks like a bull flag on the weekly.
You could think that that could break out and go higher in XLV.
So look at some of the healthcare names.
And then real estate's obviously been outperforming with lower rates.
So bonds continue to get bid up as yields come lower as well.
The 10-year was almost close to 4% today.
So I think there's a little bit of safety out there,
and I think you just need to continue to be cautious
and look for more defensive names for the time being
until the narrative changes.
And we'll see on Wednesday what NVIDIA has to say.
A couple things to unpack there real quickly.
First, the financials being such a heavy-weighted spot
in a few different indices of the market.
But one thing that I noticed, and I'm sure you probably saw this as well, but XLF, the large
banks started showing some weakness, you know, kind of before anything else. But the KRE and the
regional banks were still fairly strong. And now you look today, they were both getting absolutely
crushed, which I mean, a lot of things are getting crushed. But those were the two things that really stuck out to me today was you didn't have the divergence with regional banks still doing OK and some of the other financial services being decent.
Yeah, just to point out, not to cut you off, but it's private credit.
Like I mentioned that in the last few weeks.
I've been talking about that for the last probably month or two on Wolf with you guys.
And you look at like stocks like Blackstone that have made new lows below April.
KKR is another one.
Mainstreet Capital doesn't look good.
Blue Owl, there was a headline over the weekend.
They're a lender in the data center space.
And there was a headline that they couldn't secure
some of the funding to get the loan done on some of these data centers.
And that thing continues to get crushed. So some of these names in that private equity space,
I think that's where you're seeing weakness in the regionals and weakness in the banks as well.
Because when you start to see some of these private equity names continue to trade lower,
I think there's a little bit of risk there.
I think there's a little bit of risk there. What are these assets that these private equity names are holding?
What are these assets that these private equity names are holding?
And what are they really worth?
And I think that the market doesn't know that.
And they may come out and say, well, hey, we got some of these assets inside of these portfolios that we thought were, you know, 90 cents on the dollar.
Well, actually, they're 40 cents on the dollar.
So when they don't mark to market them because they're obviously not publicly traded, that piece of the lending isn't at least, and you got to wonder what's inside them.
And I think that there's some fear in the private equity space.
I think that's probably under the surface what's dragging on the banks and probably what's dragging on the market in general.
Yeah, absolutely.
And then you mentioned like XLE.
The one follow-up I want to ask on that one is obviously oil
with some of the geopolitical things and the tensions going on,
oil has been moving up a little bit there.
But when you look at some of these names,
you look at your ExxonMobil and your Chevron,
some of these charts, they've been consolidating for a long time and they're breaking out.
When you look at XLE, do you look at this as, hey, if something calms down, peace happened, whatever, and the price of oil comes down, do you think that's probably a dip buy?
Or do you look at it as like, okay, they're getting a little extra boost because of all that?
Because I still see these charts and I'm like, well, these charts are in like multi-year breakouts.
Especially you look at like Exxon and some of these, which they've run.
Yes, to be fair, they've already run.
But I'm just curious if you see, you know, if we do get some of these tensions coming down or whatever it is,
do you see that being like a by the dip
moment for XLE? Or do you see that as maybe that breaks this trend of this breakout?
I would be careful in the fact that I don't think that I would be buying energy names into some of
the economic data that we've seen as of recent. I mean, we just got GDP that was a miss under 2%. We only got up 1.4.
You had a jobs number that was okay on the headline, but under the surface, it was really
a lot of social services and there wasn't a ton of growth on the retail side. Retail sales was
relatively weak. So we'll see, like, I'd like to see some further jobs data and like economic data for February.
If that stuff looks OK, then maybe you could buy them.
But I'm I'm more in the camp of bonds are telling you that growth is probably slowing because rates are coming down.
And I think that the geopolitical risk is what's keeping a bid under oil and probably some of the energy names.
And if you see anything come off where, hey, they got a deal in Iran and it's done and,
you know, that deal is completed, then it's likely that oil likely takes a five or six or seven percent
haircut right off the gate. And as soon as you get that headline, it's likely that the energy
names go with it. So I would still be in
the camp. I don't want to be short energy because of the risk that there does something that
escalates in Iran and then we have oil moves up to 75 or 80 or whatever the case may be. It's going
to have a spike. If we do go into some type of attack into Iran. I would say that first one or two days of moving oil is probably shortable.
I hate to say it.
We look back to when they declared the invasion in Ukraine back in 2022.
Oil hit 130 and that was the high.
The Sunday night futures hit 130.
The day they invaded, Russia went in and the futures went lower literally from there.
And you could you could sell them all the way down.
So I think once you get the get the news that we go in, you wait one or two days and we get the big spike up and you can probably fade it because usually it's by the rumor and oil rallies into it.
And then you sell the news. But you will get a move significantly higher if we do go in.
And that's obviously going to hurt the market as well. But I was just reading a comment from one of my buddies that I follow. He said, if you're 5% off all-time highs and you
think that represents a generational buying opportunity, you might want to rethink your
investment strategy. So I think that in the big scheme of things, there are things that are down a lot that look like they're on sale.
But the thing is, the reality is we could those names could go a lot lower than people think.
And if the entire market or all the sectors start to join in concert where everything starts selling, we have not seen that yet.
And I don't think that you're going to find a low in the market if we do continue to trade lower until you start to see all the names getting washed out in every sector
and there's no safety where you're seeing staples get hit,
you're seeing healthcare get hit, utilities get hit.
You need something like that.
And the VIX just hanging around 20 just creates for more two-sided action.
So like I said, if you're looking to try and get super long down here
and go look for new all-time highs,
I just don't see it in the chart
structure of the biggest weighted sectors. They're just not there for me. So I would just trade
lightly. If you want to go buy some of these software names that are down 40, 50, 60%, that I
can understand. But be very light in your positioning. If you want to have 100 shares of
stock, maybe buy 25, start with a quarter position
and see what happens. And then you can maybe add as it moves off the lows or something like that.
But I wouldn't get overly bullish right here. Appreciate those thoughts. We'll come back around
and see what two picks you're looking at this week. You mentioned a couple of things there as
I'm going to go over to Vegas here next.
Vegas, there's four people on the Mount Rushmore
that I look at when I think about
who can speak and move markets.
And I see Trump, I see Pelosi do things,
I see Jamie Dimon, and then of course, Jensen.
And I think Jensen is probably
one of the most influential right now.
And I know that you're a big Jensen fan. We get to hear is probably one of the most influential right now. And I know that
you're a big Jensen fan. We get to hear from him in just about 48 hours time. I'm excited for it.
I'm looking into it. I always make the joke this time of earnings season, there's only one earnings
report this entire week. But either way, I want to pass it over to you. I look at all the charts.
There's really only one MAG7 chart that looks constructive, really constructive to me, and it is NVIDIA.
And I'm just curious, any thoughts on NVIDIA, of course, and anything else across the market?
I mean, Google's still hanging in there strong.
Not the greatest rejection we saw today, but the whole market was down.
But outside of that, I'm just curious, what are your thoughts around the market currently?
Obviously, NVIDIA earnings, any other big tech names that I know you follow,
and just anything that maybe was mentioned that you agree with or might want to push back on?
Yeah. So thank you so much. And, you know, today I kind of felt like the market experienced a bit of a sharp sell off today.
A lot of the major indices closing significantly lower. his gains, but reversed because of this renewed uncertainty from President Trump's escalation
with his 15% global tariff, even though the Supreme Court ruling struck down the prior
broad tariff measures.
And there's also still this AI disruption fears, which is really impacting software
payments and the financial sectors.
And, you know, take note, obviously, you guys talked about the VIX volatility and that did spike notably today.
Obviously, the safe haven assets like gold and was was really good.
Silver was great. Bitcoin pulling back.
And I think the software and payments were the hardest hit but some defenses did hold up so
you know my thoughts on NVIDIA I mean I'm a big fan of NVIDIA I'm an investor of NVIDIA
I am not selling nothing I don't even care if the stock pulls back because you have to it depends
your time like I'm long-term investing in NVIDIA so I'm not looking to sell this year. I'm looking to sell maybe in five years
from now. For me, every dip is an opportunity knocking. And it's going to always be like that
for those that are buying the right companies with the right perspective. So my thoughts on NVIDIA,
I think they're going to crush it. I think people who are selling NVIDIA today have lost sight of what this company is all about.
Because NVIDIA is selling every chip that they make.
The gross margins are 70% to 75%.
And they have half a trillion dollars of orders on the books.
And a massive backlog that's going to lock in future revenue. So this company, I believe, Jensen,
is poised for yet another blowout quarter with revenue likely hitting or exceeding the $65 billion
guidance and potentially might be pushing towards $66 billion based on consensus obviously out there. And it's going to drive like 65% to
70% year-over-year growth and earnings per share could land about $1.50 plus. So I think short term
maybe traders will be running up the stock into the earnings this Wednesday. And then they'll use
any excuse to take it lower, even if the call could be a great one.
They'll use tariffs, they'll use guidance, you know, any reason to bring the stock down.
But for me, if it does pull back, I think the bears will ultimately get burned,
just like they always do when they try to short the stock.
This is not rocket science. I think for me, if it does pull back, I will definitely continue to accumulate on pullbacks.
And, you know, NVIDIA has returned, you know, over the past decade, over 24,000%.
So do the math and people will understand and appreciate this stock. It is the most widely held stock in the world at this point for one simple reason.
AI demand has no signs whatsoever of slowing down.
So this to me is going to be a great opportunity if it does pull back, but I think they'll crush it.
So that's my thoughts on where I sit with Mr. NVIDIA
and Mr. Jensen.
I love it.
I can't wait.
I'm very excited to see how it goes.
The updates always, every time he talks,
I think the investment world, the trading world
stops and listens.
So I am curious, outside of NVIDIA,
are there other things?
I mean, last week for the first time in a while, and probably rightfully so,
you were looking at some puts.
You were playing kind of the other side of the tape because you weren't ignoring the chart.
And we didn't end up going anywhere on the broad indices,
but several names did obviously break down with software getting really crushed.
What are your thoughts on the rest of the market?
Are there any other areas that you're finding opportunities in?
Well, you know what, like a company like Meta
pulled back today quite a bit.
I didn't trade Meta, but Meta was a good short today.
I mean, that was down about 2.7%.
I mean, I think Meta has, you know,
so much going on for it, so much cash,
and they're investing in a huge data center with Jensen,
a partnership with NVIDIA.
So, you know, if you like companies like Meta, I mean, this is opportunity here on these
pullbacks.
So, you know, I haven't shorted anything else at this point today.
I actually just strictly traded SLV on call side and I just stayed with that.
SLV on call side and I just stayed with that I didn't and I did I did uh trade uh scalp some
spy to the upside uh mid afternoon around 3 30 but other than that I didn't honestly I have not
been trading the way I normally trade because like was mentioned earlier cash is a position
and I'm not looking to burn premium left and right, left and right, jump here, jump there, because I'm not that kind of trader. I'm not someone that likes to scalp here and there. I
don't like to do that. I like to get in the position, hold my trade and let it, let it do
the job. I did trade Apple today because that was interesting how that stock was holding up
extremely well this morning and it held up really nicely all the way up until
i would say about uh let me just pull i just gotta pull up my chart here it was doing really
well it held up really nicely all the way till about two o'clock and then after two o'clock it
pulled back but i did trade apple today and uh did good on that one for a day trade uh but i am
liking apple as well.
But it did have a beautiful day today.
So there are opportunities just that I'm not going long on anything just yet.
Because I'm waiting for confirmation.
You know, I'm going to be watching in particular with a spy in the queues.
Because I'm waiting to see how Jensen reports.
But I'm not prepared yet to go long on SPY unless I get over 690, 50. And on the
Qs, I want to see that 610 break. So I'm not going long at all. I'm not swing trading anything,
except obviously have my NVIDIA investments. But I'm not in terms of like even option angle,
I'm not swing trading anything right now. I'm strictly in day trade
mentality. So if I have to switch and go to puts, I'll do that. But which I didn't do today.
But I will, I'm not swing trading any, any options at this time, because it's just too much premium
burn. I don't know what I'm going to wake up to the next day with this uncertainty. And the other
thing too, is like the president is doing his annual State of the Union address tomorrow night at eight o'clock. And obviously the markets are going to be listening
for any kind of incremental signals on tariffs and any other policies amidst this uncertainty over
his status of the U.S. tariffs following the Supreme Court ruling from last week. So that's
tomorrow night at eight o'clock. I'm sure everyone's gonna be listening to that. And it's usually about two hours. So that'll be interesting to see how does the market react
the next day, which is Wednesday, which is also Nvidia day. So there's lots still on the table.
We have also tomorrow, so many Fed speakers. I mean, I honestly, I never understand why do they
talk so much during the day.
I wish they just wouldn't talk at all.
But we have a slew of Fed speakers tomorrow, too.
And every time they talk, as you know, the market reacts.
I mean, we have multiple Federal Reserve officials to speak tomorrow.
I got Susan Collins tomorrow.
I got Chris Waller tomorrow.
And maybe they'll give us some clues on the path of monetary
policy as well. And then we have obviously a string of economic data as well tomorrow
from the conference board's February consumer confidence gauge for the December housing prices
to December wholesale inventories. So there's lots on the table. Got Home Depot tomorrow morning as
well. They're slated to report, obviously, pre-market.
And looks like the forecast about maybe down 19% year-over-year on their earnings.
So went to watch.
And then Alibaba went to watch too because they're going to be disclosing their quarterly numbers tomorrow.
So that could be a stock to watch too because, you know, I love trading Baba.
But I'm not currently trading it. But I'll be watching to see what those numbers are tomorrow, their quarterly numbers.
So a couple of stocks to watch tomorrow too, but there's these Fed speakers, when they talk, I mean, they really ruin the market sometimes what they say.
Appreciate those great thoughts.
Vegas, we'll come back around and see what two picks you're looking at for the week.
There are a lot of earnings, to your point there.
A lot of earnings this week spread out all through other sectors of the market.
Some of these software names that have been just beaten up, Snowflake, down huge today.
Reports on Wednesday, same day as NVIDIA.
CRM, Salesforce.
We have Rocket Lab and Dell, CoreWeave,
Nubank, MercadoLibre, two of my favorite names. You've also got a lot of these Home Depot,
TJ Maxx. We pulled up a TJ Maxx chart today and the thing is just flying. Lowe's as well.
Celsius, maybe a forgotten favorite from a couple of years ago. I know around this show for sure.
And several other names. So a lot of data.
And then of course, we do have some economic data we have. You mentioned tomorrow night,
I may have to have the futures pulled up just so I can trade tomorrow night while Trump's up there.
You just never know what's going to happen, what opportunity may be there. So we'll see how that
goes. Very interesting. A lot of things coming down the pipe. I appreciate those thoughts.
Jordan, I know the co-host isn't really working tonight, but you're my co-host either way. You don't need a title to know that. I always see
you as my co-host. What's going on in your world when you're looking at this market? We've really
gone nowhere. We're at the bottom of the range, tapped into some big areas a couple of times,
but we're not really getting any movement anywhere. I'm just curious your updated thoughts here. Like you said, we've gone nowhere pretty much.
It's been in this range since, what was this, Tuesday of last week?
Yeah, it looks like it.
Basically just really in this range going back and forth.
I think we did drop and take out that Friday low today, which was nice.
But overall, just not really trending right now, right?
So things are slow. Even on the day
trading side of things for me, like things are quite slow, just not really getting a lot of like
break-even trades for the most part, not just really getting what I want lately. So, and it
makes sense. I mean, you look at NASDAQ, you look at ES and see what they've been doing the past few
weeks, right? We're not really going anywhere. So a lot of it's probably awaiting NVIDIA earnings that we have Wednesday.
That's going to be interesting.
I don't really have any big thoughts there other than we'll see what that reaction is like
and see if they can blow it out of the water or not.
Would be good for the market, obviously, especially coming off the bottom of this range.
But yeah, overall, I mean, we took out this previous day low.
I don't know.
I don't have any big gaps here.
I don't have any big order flow I'm looking at off the bigger time frame right here.
So again, just want to see us get out of this range.
And then we can really start to probably trade with some size up.
But right now, things are just slow.
So I'm going to sit back.
NVIDIA earnings will probably spike something there.
So we'll watch that.
I know there's other earnings going on that we'll keep an eye on as well. We also have some data on Friday,
PPI data coming out. Thursday, we got unemployment claims. So not a whole lot of data this week,
but some later in the week to watch out for. Maybe that gives us some good trades. But yeah,
I'm just taking it day by day right now. No real heavy bias on this higher timeframe when we're
just going back and forth like this. But like you said, sweeping that big low from Friday and we'll see if that brings anything special.
But yeah, just not seeing much here. Yeah, I mean, you don't want to be like a broken record
or anything, but nothing has changed. I will say just the amount of time we're spending now in the lower end of the range on
NASDAQ, especially if you look at your NQ or QQQ, that part could be a little concerning in some
technical analysis. But outside of that, there's really nothing huge that's changed on either side
just yet. Now, there are some warning signs out there, and Will's done a good job of kind of
pointing some of those out. But at the same time, you know, fool me once, fool me twice.
I mean, at some point, you just wait until the range breaks.
I think, you know, Nick Drendel did a good job of laying that piece out as well.
And then Vegas saying, hey, we're still in a raging bull market overall.
We're still in an AI revolution.
I think those are all good points to consider.
And we have Sam Solid joining us up here.
So last but not least, Sam Solid.
Just curious, and honestly, I'm glad that you haven't really heard everyone's thoughts,
but I'm curious if you've got anything to add here.
When you look at market sentiment, when you look at the big picture,
I mean, software is getting killed.
I know you've shared some good thoughts around some of those pieces over on your live stream.
Just curious what you have to add to the conversation here around just the broad markets right here.
So first of all, I'm just going to take a wild guess at Jordan's Picks.
I'm thinking long, SQTQ, short, TQTQ.
I really have no idea yet. I don't know.
Oh, you didn't do your picks yet? I thought you were going to do your picks.
I haven't no idea yet. I don't know. Oh, you didn't do your picks yet? I thought you were going to do your picks. I haven't done mine yet.
Okay, okay.
Well, congratulations to everyone
who performed in positive territory last week.
Much different from the other weeks
where the winner was like 42% or something.
So 9%, still pretty good.
Nice work.
Didn't think ribbing was going to fall like that,
but it did.
As far as the marker goes, I have been avoiding buying the software there for quite some time.
And I let go of like some of my software holdings when it was way higher.
Selling ServiceNow after holding it for a few years, selling it around $175.
And the technicals matter.
I mean, like in this market, the technicals really do matter.
And it's helped a lot tremendously when I've incorporated that and say like more of my
long-term buy and hold portfolio to more of like a swing, long-term, medium-term swing portfolio.
And it's helped me avoid a lot of drawdown. But last couple of weeks, it's really took down my
year-to-day performance quite dramatically from positive territory to negative territory. So I can't really say I'm on top, but pretty
thankful that I'm not down like some people have been saying, because really, a lot of people have
been very conditioned to just buying the dip, buying any dip that happens on leading companies.
And what you're seeing now is that maybe these software companies are not going to command
their premium valuation as they had been for the last 14 years.
Like software companies always had that forward outlook with the annual recurring revenue, as well as guidance and RPO, which basically prompted the valuation because they gave more of a futuristic approach as to where they're going to be sitting in terms of their business six months, 12 months from now.
six months, 12 months from now. Now, we're kind of starting to having issues with being taken over by not just AI,
but as far as collaborating with other tools and building tools in-house.
Now you have a much more profound effect from that.
And that is spreading across all sectors, not just software as we saw today.
With Anthropic basically releasing a covalent system where it would basically not replace IBM,
but hurt most of their businesses because they do cater to a lot of legacy mainframes.
And IBM had its worst day in two decades today.
You've seen a lot of that happen lately.
And I can tell you firsthand that there is no...
Sorry about that. I just got a phone call.
There's no way that AI or Anthropic FOD,
Code Security or any of these tools
are going to replace the compliance risk
when it comes to cybersecurity.
But on the other hand,
these stocks are still expensive today, even after this pullback.
Crockstrak was trading at $500, above $500 at one point. Now it's at $345 or less.
Still trading at 15 times EVNTM sales. Still an expensive stock. The time to buy Crockstrak was
not when it was 20 times EVNTM sales. When it came down from 25 times, the time to buy Crockstrike was not when it was 20 times EVA and TM sales. When it came down from 25 times,
the time to buy Crockstrike was when it was high single digits
before it had a commanding lead.
And again, people are very conditioned to buy any pullback
because they think it's going to get covered.
And I think that is really weighing down the stock market.
I mean, I go by the philosophy that, look,
you buy a chart if you want to, but at a certain point,
you got to stop buying it because you're just going to be throwing money into a furnace.
Of course, if you have like a 20-year time horizon, it probably doesn't even matter.
But some people might not stick around for that long. The market can stay more solvent.
Sorry, the market can stay irrational longer than you can remain solvent, right? So be pretty careful out there.
That's all I got to say. And the whole market's not down. We're seeing XLP or consumer staples
up. We're seeing dividend stocks up. There's some certain REIT stocks up. It's not all down.
Like industrial materials are doing very well year-to-date. Also, XUS ETFs are doing very well
year-to-date too. So it is mostlys are doing very well year-to-date too. So, it is mostly focused
on momentum and tech stocks right now, but you're starting to see that bleed over into other sectors.
Like I mentioned, legacy mainframes, fintech, even banks as well. XLF is down pretty dramatically
today, which I was kind of surprised to see. But now you're starting to get to territory where
not everything's being sold off, where the fear is starting to spread to other parts of the market,
which is going to weigh down in the stock market more.
So I have a little bit of cash in hand.
And at the same time, I have very little exposure to software.
And I haven't had it for a while.
And I don't plan to buy this software dip anytime soon.
anytime sooner. Rather buy the recovery
I'd rather buy the recovery than the dip.
than the dip because you don't know when the dip
Because you don't know when the dip is going to keep dipping.
is going to keep dipping.
Yeah, my portfolio reminded me
that it was still dipping today a little bit.
So great thoughts. I appreciate you
sharing all of that. Let's rotate
over into the picks here a
little bit. Just to reiterate,
Nick, our current champion, he
went first. He went ahead and dropped his picks
AA, Alcoa, and SLV, Silver, were his two longs.
Will just sent me a message.
He had to drop and go take care of some stuff.
He is going 2X Leverage, NVIDIA, NV, DG, and Gush,
which is a Leverage Oil long.
Gush, G-U-S-H, from will so there's uh number one and number two there's
their picks uh let's go over to vegas for the two picks of the week and a vegas i don't know what
your picks are going to be but if you wanted nvidia you can still do nvdx or any other version
as long as it's not nvdg well i'm definitely not not shorting NVIDIA, so I'm going to do NVDX
as my pick.
And obviously, it's an
earnings play angle,
so I'm pretty confident with
NVIDIA. And
you know what? I'm really liking
Silver. I'm going to pick
SLD Long
as Silver.
Nick Trindel has silver
already picked, but you can pick a different version.
Well, he's got it short, so I
want to go long.
He's short on silver. Oh, did he go short?
Yeah.
I think it was long.
He said I'm short silver.
Oh, my bad.
Because he said it topped up and
he figures it's going to pull back.
So I'm on the opposite side of his sentence.
All right.
Yeah, so I'm long silver.
He's short silver.
Yeah, I mean, there's many more ways to do it anyway.
Yeah, I can pick something else.
I mean.
No, it doesn't matter.
It doesn't matter.
I just, I miss, I'm actually glad you did this
because I missed, I missed him being short.
I just sent a message just to clarify.
We'll make sure you get the proper stuff out there.
If you both end up long silver,
it's not the end of the world.
So I like it.
I think he, I mean, I default to you.
You're probably paying attention better than I was.
My whole system went crazy when I was trying to look at the silver chart,
and I got onto those futures and everything,
and then it was all downhill from there.
All right, so Vegas, you're taking NVDX, 2X leveraged Jensen Wong to the long side,
and then silver, SLV, as well on the long side.
All right, let's go.
I feel like that's a win-win, honestly.
And the way silver is moving right now, I feel like you could be right and wrong three times
before next Monday. It's been pretty crazy. But yeah, Nvidia, there's two bullish bets on Nvidia.
And when I say like, if you look at the chart, NVIDIA is the only MAG7 chart that really looks super constructive.
Consolidating for a long time, pointed up towards the upside.
Moving average is still in their favor.
I really like that chart.
I don't like all the other charts, but I really like that chart.
Let's see.
I'll throw my two picks in next year.
I'm going to do MSTZ.
Crypto does not look fun right now. MSTR does not look good right now. So I'm going to take the short version of MSTR with MSTZ.
Obviously, you'll know if you're wrong pretty quickly, but just a reversal pattern on the
daily chart, downsloping EMA9, rejecting, pushing lower, breaks these lows at 120s, 122, 120.
Could get a nice little push to the downside on that.
And then I'm going to go with Melly, MercadoLibre.
They report tomorrow.
They've been beating up a little bit.
I'm just thinking this company has shown so much growth, so much just, I mean, continued
revenue expansion over and over and over.
So I'm just going to bet on a good report here.
This is an earnings play a little bit, but I'm going to bet on an earnings play.
Actually, isn't there an – there's a 2x leverage version of this from somebody that I want to find.
Let me find that text.
I know exactly what it is.
Let's see.
KMLI. KMLI from CraneShares.
That's the one I'm going to do. I am in full disclosure. I am very long Mercado Libre. And I'm
currently been down on it the last little bit, but I'm still, this is one of those conviction
plays that I'm going to stay in pretty much no matter what. We'll see if, you know, Latin America,
some of these things turn around a little bit. But either way, I
really love the company, so I'm just going to bet to the upside on that. KMLI,
which is 2X Leverage version of M-E-L-I,
Mercado Libre. So M-S-T-Z, K-M-L-I for me.
And Sam, let's go to you next
and we'll do Jordan after that.
I'm going to go long SQVQ.
I'm not just kidding.
I'm not going to do that.
I'm going to do long NGUT,
two times gold miner ETF.
And I am also going to go long TLT.
Actually, not TLT.
What is the three times ticker?
TMF.
TMF, yeah, a little long TMF.
All right.
What is NGUT?
I'm not as familiar with that one.
It's a two times long GDX or gold miners ETF.
Oh, NUGT.
Okay.
Oh, yeah. Nugget. Yeah, NUGT in ug yeah i like that ticker all right sorry i just typed that one wrong um all right 2x leverage gold miners and then was that triple leverage tlt
the team what are you is that a safety play or is that a do you have a deeper bet on that, on the bonds getting a bet?
I have no bet on any of these.
This is purely for entertainment and competition purposes.
Of course.
But do you have a deeper thesis around there
or if you're doing the safety play of not picking anything else?
It's a safety play but also um they will be
throwing more money at tlt it's looking pretty good in a trend reversal over here
uh it makes a lot more sense especially looking at the deflationary force um
as well um but it's also the safety trade with unemployment going up. So that's really the scare that we've been seeing for a while.
It's going to put, I mean, the argument from the treaty
as well as the argument that I probably thought about for quite some time
is that, yes, you have deflation coming,
which means that it gives the Fed a green like the UQE,
but if unemployment is spiking up,
that could cause some potential issues.
Also, with a lot of the funding that we are doing for the government in terms of taxes,
that's also going to cause an issue to like, where are we going to get this money from
sort of statements, right?
So there's a bit of some nuance there.
But overall, it is generally the safety trade, but just levered up for it.
But if gold goes up, the miners are likely going to go up as well,
which we've seen positive before related.
And this is just levered to that point.
All right, there you have it from Sam Solid.
And we'll go over to Jordan.
Jordan, are we doing the triple the triple q's or you got something
else i really have nothing else that i'm looking at send it you know what i almost i almost earnings
who knows yeah this this week i got i'm kind of ready for this week to be over and then maybe the
market to pick a direction but it's just i But I can't figure out what really wants to happen next.
It does feel like we're loaded up for a decent move one direction or the other, plus or minus.
I don't know which one, but it seems like a decent move.
So are you betting upside long T-triple-Q, short S-triple-Q?
Yeah, we'll run it. We'll run it. That's fine.
Wait, we're going long?
Hey.
You know, I'm videoing.
I can't go down.
We can get up above our heads, you know?
Fuck it.
Okay, okay.
There you go.
Ace the Kid.
Ace the Kid said send it.
Why not?
All right.
That's T-Triple-Q's long S-Triple-Q
short from
Ace the Kid and we'll see
kind of like you said Jordan
I almost pulled up Prospero
just to find
do they have anything sticking out
that I'm not seeing because I went through the watch list
back and forth and said
I'm going to bet on Old Faithful
MicroStrategy down,
and then earnings bet up.
It was like, what else do you do right now in this week?
Yeah, I have no idea.
But we'll see what the reaction's like.
I should tell everybody in the audience not to make any random bets there.
Go ahead, Tom. everybody in the audience not to make any random bets there so we'll see yeah and i go ahead go
ahead sam
i thought sam was gonna say i didn't hear him i don't know i didn't see anything okay well it
could have just been my headphone jumping around there um yeah and i think the people up here that
have been on this panel the last few weeks they've all pretty much been saying the same thing like
there's not a whole lot of clarity there's some things that are obviously performing poorly and some things that are performing
well within the staples and some of these other, you know, you look at Pepsi and Coca-Cola
that just continue to run.
You look at some of the energy names that continue to run.
And then you look at software just getting slaughtered week after week.
And the market's going nowhere as a whole.
And some of your
mega caps have trailed a little bit lower. Some are still hanging in there pretty nicely.
And it's just like, what do you do? And you hear a lot of them say, I don't have a lot of
conviction in this market. I'm taking my little shots here and there, little day trades. And
I think it's just, we'll end on this point here. I just think it's a very important thing as an investor, as a trader,
a swing trader, to really pay attention to the opportunities in the market. And when there's
times of the market that's just very, when there's uncertainty moving around, when there, you know,
maybe there's not a catalyst that's moving us either way, or the market's just kind of diverging
from itself from one sector to the other. It's not a rising tide lifts all boats right now
like we saw back in 2025 from the summer on, essentially.
So we'll close out with that.
I just want to reiterate that
because I think all of you guys up here on the panel
have done such a great job of saying,
hey, I like this, but I'm not just like crazy about it.
I like this, I'm not crazy about it.
But, you know, until something else changes, this is where we're at.
And I just want to say shout out to the panel, of course.
Make sure you follow all of them.
You still see Vegas hanging out up here with us.
Will and Nick had to run out today.
You see Sam and then my typical weekly co-host, Ace the Kid,
where the co-host wasn't working today for whatever reason
but either way and i see some other i had the sound effects on his basis oh dude you may have
to join from you have to join jordan got a soundboard one time just trying to create we're
just we're gonna have way too much fun on our streams with the sound so it's just well sam
you're gonna have to come by and hear these tomorrow afternoon. It's incredible.
But yeah, either way, I appreciate all of you guys up here on the panel hanging out with us here on a Monday evening.
I appreciate everyone in the audience.
I see a lot of familiar faces down there.
I see our friend Taj hanging out, supporting us a little bit.
I see a lot of friendly faces down there that are in these spaces each and every week. So shout out to all of you guys. We appreciate you guys tuning in. As always,
full space recorded. If you missed anything in the first half of the show, some of the great thoughts that were shared, you can definitely listen back to it as soon as I close this out
because it will be a recording. And then of course, as always, pin tweet right there on
Wolf Financial, our full schedule.
I say our full schedule.
It's 80% of our schedule.
We've got some stuff that just won't even fit on there.
We've got so many different directions going these days. And then, of course, make sure you check out all of our different family of networks from Wolf Trading to Wolf Bitcoin to Wolf Crypto to all the other accounts.
There's a stock market news account, I guess, if you want to go follow that one.
But outside of that one, there's some other really good ones there too. You can go to the
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and affiliates that we all kind of work together with and try to bring you guys as much free live
information as possible. Try to improve your experience on this app.
And hopefully we all win, right?
That's what we're all here for.
So go retail.
All right, that's it, guys.
I'm going to shut it down.
Have a great rest of your Monday evening.
We'll see you tomorrow, bright and early.
First show of the morning, the Europe show, EU, right there with Eva,
our good friend Eva, getting that started.
I believe it's at 7 Eastern.
I don't know. It's before I'm going to make it here Eva, getting that started. I believe it's at 7 Eastern. I don't know.
It's before I'm going to make it here.
That's for sure.
I know it's at 7 Eastern.
Boy, that is early for me.
I know Taj is there, though.
So Taj is up and at him.
You guys on the islands.
I know you are, too.
You guys are.
I got to get up.
You guys on the islands over there.
You just wake up early.
Oh, yeah.
It's beautiful. I'm up at 6. Market doesn't open islands over there, you just wake up early. Oh, yeah. It's beautiful.
I'm up at 6.
Market doesn't open until 1030.
It's a nice life.
Although, that's going to change here soon.
930.
It's coming back, unfortunately.
That's going to be rough.
Use of the West Coast time.
It's going to get you.
It's going to be so rough.
It's the daylight savings time.
I lose an hour in, what, two weeks?
Not excited about it.
All right, guys. That's it. We'll just end the show here.
What a great day.
Not a great day for the market.
Great day of spaces.
I mean, I was green today.
All right. Bye, everyone.
My portfolio was not green today, though.
