Jensen Crowns Marvell The Next Trillion-Dollar Company AI Rally Refuses To Die — Stock Market Live

[00:00:00] Speaker 1: back at the 50 then it'll go in the money 20 30 percent and then it's back at 50 bucks so hopefully this time you actually get the breakout the longer the consolidation the better the break i just i prefer mp but i think you could look at caramel or criminal and uh say the same thing we're [00:00:15] Speaker 2: finally off to struggle bus and uh on to nvidia right now so we just we just got out 75 cents there for nvidia just came right into our level um for the low of the day of 25. we had written down and shout out to you guys in the chat they're talking about the sticky note uh but it did come in into some levels i we could wait um you know so i do have lower bids as well we were trying to wait for maybe 223 224 but that level doesn't necessarily have to hit i mean we wrote that one down at 8 a.m or whatever and so you know when it's coming back into there we just looked at yesterday's closing area and that's what we based it off of so oh man of course we get stomped out like this is what i mean as soon as we give up on google we get a nice little downside play there which now would have been well in the money on that short we were short at 80s right now and it just printed o's but here it goes it's nvidia right now that's really starting to spike up a little bit as we make a little bit of that money back and um you know we're always looking to make something back so uh we'll go there at that 50 period move 25 period oh wow we're over time 25 period moving average to 2650 yeah we'll put something out right there and see if we get it and maybe nvidia does scream back to the highs and we're able to put a little bit of a winner back on the board here for you guys and a dollar coming on nvidia right now so yeah thanks for the show it was a good one thanks to all of our sponsors today as well make sure you do check those links in description uh for more details on them real training too [00:01:40] Speaker 1: and uh they'll know they'll also a couple minutes here so we're gonna have some jerk chicken watch out of darrett they said it's authentic the jerk chicken is authentic it might be spicy you never really know i'll enjoy it either way because i think it'll be fantastic you guys are about to join the professor and joey options joey options see you too [00:02:03] Speaker 3: boom boom boom boom boom boom boom greetings and salutations beautiful people welcome to the midday show that's your boy joey options i'm sharif and welcome to everybody let's say hello to everybody in the chat we got daniel we got mike pd right out we got benton how about christmas and shout out devi dr shuttle as well brandon nick and jock yes happy tuesday right back at your brother mr janky stock and the og gore of angry wife and rex banner joining us as well as dino vincenri and ghani patel shout out to my man ghani the g is back apparently film world jesse christ god son one my man the dean the maniac we got georgie we got the auspicious turtle and micron millionaire probably a lot of those now i'm willing to bet um zenga robert lewis we got ashko we got the long brady big 40 nephew and casey mint p max in the house loxman stone brokes this yesterday trading nurse kirk d robert lewis cosmic connections customer ath and kobe the kid we got rothco we got mr t 20 24 7. love the way you spelt that by the way interesting look there shout out to dave law and diamond dna peter g is in the house as well as roth co 304 qb's mo who else joey nick chris roulette g d talk pop lap cork and angry rob entertainment are you entertaining when you're angry rob as i know some people that make me laugh when they're mad i do that no not you but that's probably one of the more infuriating things somebody can experience when you're fuming livid and someone's [00:04:04] Speaker 4: just chuckling at your anger yeah yeah you know what's you know what's real funny too is like when you're in so much pain it's funny like when you hurt yourself you ever been in those situations uh [00:04:15] Speaker 3: yeah i guess yeah all right yeah yeah okay so let's get some uh housekeeping out of the way i'm in sim today i did not do my compliance test so as a result i am banned banned from trading yes please ssino switch me to sim no joey i don't yeah make that two yeah that's two yeah joey's staying in sim until the spacex ipo i just didn't do my compliance test so hopefully we'll get that done today we'll be back and good good to go so it's gonna have to just take me a few moments here while i organize because i haven't been sim in a while so my all my screens are all over the place so i'm gonna send it to you joey give me a few moments and i'll be ready all right guys let's um let's head over to [00:04:58] Speaker 4: a couple of stocks here that are that were hot not so much now the nasdaq really are sorry the spy stronger than the nasdaq it was inverse that yesterday i wonder why we're gonna take a look at the financials momentarily but we're being patient waiting for a potential bottom here on nvda 225 30s that's a level are we gonna hold up and a trend line so we've been selling for the past hour so uh what time was this here you go away uh from 10 o'clock to where we're currently trading straight channel down guys so we'll be patient waiting for things to be broken and i think that'll give us a good opportunity uh for a move back into the volume weighted average price at least we were talking about 232 dollars six dollars off of the previous all-time high and then if we're going to stick with strength here it is DRAM still hovering around some of this pre-market consolidation so not too bad of a look there hpe this nicey stock over here guys we tried something uh once again this is going to be paper um but it wasn't horrible right we're not going to complain about it whatsoever you're still up 25 percent and then it comes back to our break even now just moving sideways i wouldn't be surprised if we get a little bit more of a move in the latter half of the session on that specific name now let's just be patient sit around and see if we're going to get any form of a turnaround here in this name i know katina man's long from 225 he's going to catch a dollar just like that nice move there brother and we are starting to like what we're seeing base at 225 30s and then continuing to slowly climb higher so we can get involved in that bad boy let's actually head over to our options chain and see what we got going on why did we reject 232 i wouldn't say aggressively but there was just no participation north of that from the buyers i must say so with that being said we head over to the options chain we take a look to see if there's any form of supply zone in the 31s in the 30s or 32s i should say nvda is that ticker we're going to take a look at 232 and a half and not too much expiring on the fifth so this friday 42 000 or 48 000 at that 230 marker i think that can be absorbed but hey doesn't seem like that's going to be the case for now so we'll be patient to see if these are going to roll over and don't forget we do have a lot of size over here at 225 do you know do you know who 225 is no brother all right shout out to that guy if you know you know he just walks around the street and just benches 225 everywhere uh just in case you were curious exactly that's crazy yeah it's it's wild um but yeah other than that there it goes katina man nice little move there a little bit more than a dollar for our boy ride that that wheelbarrow for sure we'll head over to nvdl to see if we're going to get any form of a pop back up wait for the pullback and the retest get involved with that bad boy but we're liking what we're seeing so far hopefully we can recover and then by the end of the week we can touch into all-time highs on nvda that's what i'm looking for my guys give me a few [00:07:58] Speaker 3: more minutes yeah oh yeah i just need a few trading screens yeah yeah yeah no setup is [00:08:02] Speaker 4: complete bonkers i got you i got you covered brother we can ram we can ramble on a little bit longer and just scroll through some options shane see what everybody else is looking at i know there's a couple small cap trades hubc ladies and gentlemen we're talking about this here earlier this morning and i remember it being in play uh maybe last week or or at some point bang 92 cents breaking out since 9 30 starting to form this five minute bull flag is there going to be a high of the day break play i think so if the volume really starts to pick up there it goes we can take an attempt on this bad boy h-u-b-c and see what we got going on yeah there all right that's one of the bunch man h-u-b-c [00:08:42] Speaker 5: far and away that's the best one right best one of the bunch far and away all right man oh this [00:08:48] Speaker 4: guy's getting good well no hey listen i'm not going to take any form of credit on that that was everyone in the chat mentioning it yeah yeah yeah but i mean it's also not rocket appliances to head over to um the scanner and see it being the top volume i thought you earmarked the chart or something yeah you see how i said rocket appliances like ricky instead of science oh so how does this guy walk [00:09:10] Speaker 5: around with 225 anyway well he just like sets up like 225 like that's like in a parking lot and stuff [00:09:18] Speaker 4: he's just weird he goes around he tries like rizzy and it's like it's horrible oh whatever bro [00:09:22] Speaker 5: it's painful no no no he's not mugging no i don't think so he's definitely not like he's just [00:09:29] Speaker 3: you gotta watch drake's new video with chromaz in city hall sitting on the mayor's desk [00:09:37] Speaker 5: promise is that toronto girl yes bro you didn't see i don't pay attention to that oh my god it's a [00:09:44] Speaker 4: little embarrassing like yeah i mean at the end of the day i'm gonna just be frank like yeah i don't i don't really care what those people do man yeah well i care about our public [00:09:54] Speaker 3: institutions and not being desecrated by okay let's go let's have a look over here h-u-b-c the best of the bunch of 94.43 high up a respectable a very good and not so bad 78 and two-thirds percent looking for that 95 break there does seem to be resistance at 95 guys i got to tell you the charts are still temperamental today man uh you know they're gonna load up they're gonna freeze up nothing i can do about it let's just go with the flow so 94.43 we're looking for an 85 penny uh dip trade here that would be the 10 ema on the five that gets me into the trade otherwise i'm looking for an aggressive flat top break through 95 but if you're gonna take the flat top break you need to think about the one dollar resistance because you likely will encounter a dollar resistance now it may not happen in the traditional way where you get to that dollar reject drop back down it may breach a dollar it may be breach a dollar by like 15 pennies let's just go as far as 20 and then you're gonna have that zig and zag though as the shorts get into it the longs take profits oh bang hey 95 pennies as we speak [00:11:03] Speaker 4: what's up yeah what's up i just did fabian but i'm still showing some positions from yesterday i don't know why pardon me oh yeah yeah yeah sorry should i take over go ahead yeah go ahead go ahead go ahead [00:11:14] Speaker 3: so hubc 96.46 area high so there you get the breakthrough 95 this looks pretty good i also want to mention lase it's not as good as hubc given that it's off the highs well i just have to wait till that loads i do apologize but hu uh lase a bunch of lower highs here after putting that dollar 37 now well you're probably asking why is that dollar 37 the high of the day because these two prints over here that worked their way up to one high 140s are in the pre-market so that is a 905 and that is the 910 print right there that's a double top that means we are below the pre-market high as we currently speak i want to talk about stak as well it isn't the best the bunch far from it but it's also got a higher low higher higher profile so my suggestion for stak is try to pick this off the area low to me that area low has been screaming 130 to 133 you're gonna have to trade this as a bit of a consolidative range until you get that decisive 150 break alas we have been up above 150 into 153 but much like this one's pre-market action all the major highs area highs have been immediate retracements and you're able to kind of uh dissect that by looking at the topping till candles that are immediately followed by candles that breach the topping till candle low case in point you get it right at 8 35 you got it again at 9 35 you got it again at 10 you got it again at 10 40 point is try not to take the breakout here on stak the breakout here typically results in a move down and that's probably going to stop you out unless you dca into an oblivion and we know how that works out for some people so stak definitely in focus here nuai a holdover from yesterday liking it less and less the more i look at it just lost the volume weighted average price fighting for its life at six dollars but it's got an uninterrupted lower high setup basically off that six and a quarter pop but i'll submit to you guys that the real resistance was six and a fifth as a result of no closing prints on the five having closed yeah above that 6 20 area dxst fantastic look in the aftermarket yesterday right around 4 30 don't know why it broke out don't care but by the time when all was said and done when this one closed out at four to the high there i want to say at 6 30 was up 180 percent that 6 30 high was 4.50 take a gander at today's high 5 47 essentially a dollar higher so we're holding the trend locally however we are putting in a whole bunch of lower highs with just that volume weighted average price and or the four dollar level keeping us afloat so those are the ones i'm looking for i got urg as well i've got legn uh legn a bit more expensive of a name urg you know a bit more down our alley taking a bit of a dive off to a 215 high coming into 204 i wouldn't mind an entry here with a breach of four dollars getting me or sorry two dollars getting me out of the trade case and reason is you have that um two dollar area obviously psychological support but you also have a lot of support at the 10 ema this is the first time i want to say since the breakout candle at 9 45 that you're actually touching that green line and that green line will always be the 10 ema on the five okay on my charts so that's what i'm looking at sda as well a bit of a slower mover also it's got some um liquidity problems it's sporadic in its volume like this is a one dollar and 36 penny name it's only doing about 75 to 60 000 shares per five minute candle that's not that much however locally here it has a lot of bottoming tail candles off the volume weighted average price to me that's indicative of buyers picking it up at that level and or short covering uh because we know the shorts like to aim for the volume weighted average price as their uh cover spot so could be that you're gonna have to make your own decision on whether or not this is an appropriate one so those are the eight that [00:15:26] Speaker 4: i'm watching joey let's see how they act sounds good man a little pop-up i'm thinking maybe we can head into the dollar here on hubc we did get that original move up into about 96 cents or so coming back in we want to see some strong volume uptick and then bang maybe off to the races we did have that high of the day break that was the ideal setup here you see me try this setup multiple times um within small cap land because i believe they'll head into new price discovery once that pivot level is broken now we just need a new wave of participants to really kick in otherwise it just might fail we can obviously draw our basic trend lines from the lows over to where we're currently trading at to see if that's going to hold up and once those are breached then you can just get out of dodge where what state is dodging anyways uh anyways uh what was i about to look up yes why is the spy so strong well what are the banks up to right the second heaviest weighted sector within the spy the s p 500 michael nos was talking about that yesterday so are we going to start to see somewhat of a a rotation into these names morgan stanley four days in a row printing all-time highs as it climbs up to 215 dollars seems to be them right now the best performing bank if you ask me a dollar dividend you know we're always going to keep an eye on that how is goldman sachs been doing multiple days of all-time highs three in a row to be exact and then we have city i don't believe city has been performing that well but we're heading towards this 135 dollar marker and you guessed it that is around the all-time highs now the one that i'm in here jp morgan just stuck in this chop zone but at some point i do believe we're going to be looking at this as a legger to play and it's going to decide to play catch up so we'll be patient we'll continuously buy some more especially within this consolidation so maybe what we have going on is just an accumulation phase we're in an uptrend is it the prettiest absolutely not you have a couple whipsaw moves in between but i think at some point it's going to catch up to its peers now as for meta about the upgrade this morning not doing too much and gave back the majority of its move and then some uh off of the paid tier catalyst that came in last week now are we going to start to find our footing in this and maybe start to inch a little bit higher we'll have to be more patient but tesla was nice and strong here today 421 dollars was roughly around that high maybe a little bit more 423 50 and i know louis valencia in the chat was trading that one so good look there and then we obviously have hbe a name that we were looking at today no continuation just yet but it is a nicey stock sometimes these things take a little bit longer to get the ball rolling you had those strong optics in or that strong momentum move in the post market yesterday with very little continuation so now we're holding that support level at 58 we're going to look for that to to remain obviously how it is right now and then you take that additional leg higher you can see from the daily big time gap up so you can also ask the question are we going to slowly start to fill this before we continue to the northeast but what i've seen in google today and i like that um the boys were mentioning this you were down i mean what was that from a percentage standpoint 13 you feel the majority of this gap and then now you're starting to form this indecision print guess who's going to be looking to get back into some google momentarily you yes sir hey what's the plan oh it's a small bit right yeah the options right or something no no no yeah i want to forever hold this i want to want it to be one of my long-term holdings on it options play is just more more [00:19:08] Speaker 3: momentum yeah right and get in there let me ask you something do you ever do you ever hedge your positions the options route like you know how all the big players yeah or or to take the opposite position of the one that you're longing through the equities no i've never i've never done that and so [00:19:24] Speaker 4: let me tell you this so in td right yeah so my largest position was um ibid okay with the contract pricing with td um obviously web or whatever they call it here it's extreme web broker yeah it's extremely expensive right so it's just like with transactions it's like you're collecting a couple hundred bucks but by the end of it when it's all said and done you're paying like 60 bucks in fees if if you do through ib no but no but the the lord my large the largest things are in in td [00:19:55] Speaker 3: right yeah i got you all right guys let's get down to work over here volume increasing on devs says tt mass taking a quick look nice breakout there in about 55 pennies i've weaseled into lace i did like the look of this one's jib and i want to see if this one can try to finagle back into that half dollar from where rejected at 9.05 and 9.10 this morning that is the double top you're seeing there on the bottom right of your screen one green candle one red let me say one thing so yeah to answer your [00:20:27] Speaker 4: question what i would do um and i've done this previously my latest one was with my ibid contract right i would do the poor man's covered call to hedge it so i had a bunch of contracts that were just getting absolutely destroyed okay what i did is i sold contracts against those positions okay so it's like okay so say i had 600 shares of ibid i was selling covered calls against that position to reduce [00:20:51] Speaker 6: the loss that was almost that's that's the that's the options wheel though right that's not like a [00:20:56] Speaker 4: technical hedge no no no no it's a technical hedge the options wheel options wheel starts with um either our cash secured puts got it to shares to covered calls ah to assignment back to cash secure understood [00:21:10] Speaker 3: yeah understood okay all right there you go you got your options less than uh a little early today all right there goes lace into 146 we've got 37s on i just want to remind everybody i'm in the simulator today hopefully we'll be out of the simulator uh by the end of the week as we will be doing our yearly compliance test which i did drag my feet on it is my bad anyway uh looking for the move here seller at 145 that we can't shake uh i think we did no so 145 is the candle high so there's somebody selling up a storm here at a dollar 45 in anticipation of a possible breakout there's 46 is on lace we're up a respectable 56 and a third can we see the half dollar the answer immediately is no as a seller comes in right at 146 pushing us down into 43 so what's the move here well i see a consolidated zone between a dollar 30 to a dollar 35 that's where i end the trade a loss of 130 gets me out the reason is couple one 130 a very obvious area of resistance double top on the five failed went to 115 then we took out a dollar 30 after that taking out take a gander on the five here of how long we defended that 130 that is 5 10 15 20 25 30 35 minutes of support at 130 if that loses i want no part of the trade it's turning into an ugly topping tail candle right now into 140 it goes i'm talking about lase let's see how this cookie crumbles looking for a move above 150 and then i hope people were you know thinking about the the topics we discussed yesterday about these uh one these small cap gappers that have very big moves and then then prolonged lower high downtrends much like we're seeing here on dxst because what these ones end up manifesting into is a failed breakout so here we are taking out that 450 area on dsxt and we're weaseling into 475 now i want to caveat that statement yesterday because what we had been seeing for i think the past two or three months is the continual failure of that lower high to continue and take out the previous uh intraday high what we were seeing is it ended up being a bull trap pulling people into the trade only to fail the prior bar low that didn't happen yesterday i forget the name of the ticker that didn't happen on but it was a a clean setup i can go back and look at my trades and that one ended up rocketing so let's look here on dsxt for a decisive taking and a clearing of four dollars and 75 cents and a big move into five if we get that on dsxt i think we might be back into that 547 area sooner rather than later be on the lookout for that okay i want to mention as well legn is really continuing to go here a bit more expensive of a name haven't quite seen what the spread on on this yet okay it's showing me six to nine pennies here on my scanner 11 pennies now so you're going to have to basically deal with that if you were going to trade this stock which means your stops and your profit takers need to account for that as well so this is very clean this is as clean as it gets 930 breakout doesn't even look back not once at the 10 ema on the five you get a couple of profit taking candles here and there you know littering a couple of red candles just to keep it colorful and interesting but the fact of the matter is this is on the way up i want to see how it acts at 35 okay it could be on the way to 35 and then i want to wait weasel into hubc here okay i'm liking this flat top a lot more every time i look at it 95 96 pennies hubc could absolutely be him but the problem with having a flat top break this close to a dollar is it presents you with that you know continuous problem of using the dollar area both as support and resistance psychological of course right there doesn't actually have to be a technical reason why it's rejecting there so hubc in focus for me where is that screen let's go ahead and start building a position here on hubc as we weasel into about 92 95 pennies i did set up my hotkeys on sim so we're gonna have to use the old way over here so what's the deal so what do i do here if hubc goes against me 85 pennies a loss of that and i'm out reason is that's prior bar low i'm trying to ride trend now you could be a bit more aggressive of a trader and give it to 80 that would be the area low of the 10 55 bar so if you want to do that just account for the shares you're taking right take less shares that gives you a bit more breathability with respect uh any downturns here on hubc but i'm looking for a flat top break are you still in it well yeah well i'm just i'm not [00:26:07] Speaker 4: kind of showing my position yeah i know i'm punching keys too it had it had it for a second there sharif and then i'm like okay why isn't it displaying mine because we have the exact same entry on this thing at 91 cents no uh nvdl and dram are from yesterday the hubc ticker is correct there it goes it loses yeah so it's displaying information from yesterday there it goes sharif losing that 90 cent marker down to 88 let's see if some momentum steps back in nvda crawling a little bit lower here guys and you can see some of these support levels starting to be breached there it is you have a five minute candle open up below that 58 36 marker that we were talking about not too long ago and then now we have kind of this bogus head and shoulders here with the resistance at 227 57 and then now we have a key support level we're going to look for 225 to hold um here in nvda spy mentioned this before i'll mention it one more time why is it stronger well shout out to the financials who are continuously putting in all-time high all-time highs morgan stanley goldman sachs citibank not doing that good uh and jpm still i believe 10 off of its all-time high which i mean are we going to be buying this absolutely via the uh the chinese the canadian adr the cdr there um so we're we're happy about that bad boy apple to 312 katina man in the cdr it sounds like as well 312 on aapl that's not quite the all-time high i don't believe but relatively close 315 14 is is that level but man oh man what a potential to buy and what an opportunity to get something off of the lows here on google which i was looking to do i was going to be more patient but i don't know what for you almost fill this gap entirely and then now you're having a strong recovery day down seven percent off of the highs you buy the dip need we go back in history any on this name sharif because look every scenario is like buy the dip on google and i remember when i first purchased this stock years and years ago um that's all i did and then i made the most i think this was probably the worst investment mistake i've made was selling around here and then off to the race as it goes i mean i was buying this name when it was sub 100 and i sold it for not as good as a price as i should have and held on to but that's just a lack of due diligence on my behalf we're not going to allow that to happen again and the names that we get involved with uh we we plan on holding for quite some time speaking of thanks thanks to our boy to the right of me sharif telling me hey man did you see this etf i'm like no i didn't so i had to look into it i mean this i don't think this we can hold as much weight into this etf as we can with the google aspect but if we're going to be having a 10-year outlook 10.7 of it going from preferred share in spacex into actual common i like it cool buddy cool watching dsxt here [00:29:07] Speaker 3: guys i wanted to see if this was going to lose and it it does look like it is failing uh again let's see though what it does at four and a quarter that's vwop i don't want to you know start writing this one's obituary just quite yet but because and the reason i say that is because it made an attempt at a lower high over here consolidated and then breached that 10.45 area high with this 11.15 higher high so technically it has two higher highs and two higher lows but it still looks like that bull trap pattern that we've been talking a lot about lately so i want to continue to watch this a little bit more if it wants to catch a bid then maybe we can get in maybe above 475 480 really depending on um my decision making at the time i did add into this position on lace right where i got in previously um it doesn't show uh the position board i do apologize don't worry about that ss you know it's not your problem brother i'm just mentioning it to them so i'm just going to give um give my cost basis here on lase 136.6 so i definitely am looking for that 130 hold 130 gets me out of the trade but here we come again into 39 looking for another beak wetter here let's put one at 142 see if we can kind of clear some of the liquidity out of the way there or what the situation is going to be also i want to mention urg i don't even i ran out of trading screens joey so what am i going to do over here batl how many let's see a batl batl do i have another batl any more batls no so i just want to take these ones out of the way so that i can have another trading screen we'll move we'll move vsa over let's go vsa you can do it baby good job all right here we go katina men we're set up baby let's go over here we'll put this one just like that and we'll put batl just like on the bottom like that all right we're perfect timing fantastic we're going to adera [00:31:19] Speaker 7: and i'm going to talk about crypto because btc last time we discussed this properly this morning just below 79 000 as of right now we're trying to hold on to set 67 000 so sorry 69 000 was where we were just below as of the morning currently trying to hold on to the 67 000 level breaking below 70 000 and just really not looking back at any salient way now obviously you cannot attribute all of this to the sale of 32 bitcoin by michael saylor that was again that happened last week it was disclosed yesterday but i think certainly it shows a sentiment shift when you have someone who has been and people have been reposting in the day since the sale was disclosed yesterday you're seeing a lot of posts of at one point apparently sailors saying like oh sell xyz instead of crypto sell your kidney instead of your bitcoin so the fact that he sold bitcoin with that in mind even though we we did get to sense that they were going to already consider selling bitcoin in their earnings report it does mark a very significant sentiment shift and as such you get this big drop here in btc for the week bitcoin currently poised to close eight percent lower obviously we're still early days in the week so things could totally change but lots of weakness here in bitcoin and ethereum mirroring it we were just below 2000 as of this morning currently trying to hold on to 1900 so at sessions lows let's see [00:32:37] Speaker 4: how far ethereum and bitcoin can fall back to you yeah absolutely um i want to pull up some of this mstr stuff i'm pretty sure he sold 32 bitcoin um i mean out of 700 and something thousand i don't know i don't think that's too big of a deal this guy probably need a little cash for something uh again sentiment shift absolutely and someone mentioned it this morning it's like what are we even doing talking about this crypto trade uh other than it's continuously selling aside from the fact that it's like everything else is hot why aren't we involved with this ai trade and i think that's the narrative that's why i've been trimming on the way down so uh i i mean it is what it is with bitcoin we thought that it was going to be performing significantly better we know sean's good friend tom lee was pumping pumping boat on this and saying hey 250k a lot of us were thinking the exact same thing we got to half of that and i mentioned as soon as this trend line broke be prepared for this to head towards the lows and start to crack some of it so uh keep an eye out on that you're good okay the no talking sss yeah yeah yeah so i mean it is what it is but i don't think selling 32 bitcoin is a complete his sentiment shift or anything along those lines but uh yeah 35 69 is going to be a key level in this bad boy and it's just been straight downside obviously this isn't 24 hours you can go and look at the actual underlying itself and it's not looking pretty whatsoever no strong days i mentioned this time and time again right like you're looking for those strong sessions that we never got so maybe it was just some form of a cover rally or accumulation we head over to ethereum we'll actually pull up the the underlying 1900 bucks talking to chris in the back he's like man oh man uh why didn't we get out of this so i don't think that's a great question brother i mean if we could all see uh into the future then we all would have been out of it at that price sold some on the way down but it's the crypto space just isn't in play right now and i'm i don't think it's going to be uh for a little while yeah well kind of [00:34:39] Speaker 3: a tough one there joe but it is what it is looking for where is my screens gone okay just give me a minute [00:34:46] Speaker 4: because i'm still setting up my i think so all right i'm trying to find this actual article um on what it and what he actually said so i have to scroll through it a little bit but again just to get the numbers straight i'm sure dara knows that he sold 30 how many did he actually set us like sell 32 yeah so i mean like at the end of the day out of 700 5 million i think was yeah so out of like seven almost three quarters of a million 32 is trump change at the end of the day but like do you think 32 selling 32 is more or less a sentiment change i don't think so i mean i know [00:35:23] Speaker 7: it's so minor and i think the thing is shoes we already knew he they were considering doing it because the ceo who always worth reminding people is not michael saylor the ceo during their earnings call was like yeah we were at least open to the possibility of selling it but i just think the fact that it's coming now the fact that it hasn't happened in four years i think it may be a bit of a shock even [00:35:42] Speaker 4: though it theoretically shouldn't i mean if this guy's like yeah we're offloading a hundred thousand of these or like 50 000 of them then i would be a little bit more concerned it is small but i yeah [00:35:51] Speaker 7: it's interesting always to see how the market reacts to things versus right proportion exactly so [00:35:55] Speaker 4: so well said i like how you mentioned that just how the market reacts so if you got the individual who's hoarding this stuff looking to offload i mean it's not you know it's a fraction of a percent of his complete holdings then sure enough everybody's like why would i even hold off on this right we're selling this stuff and i'm happy that we have been offloading and i'm still sitting on a good chunk of it am i going to be selling at the lows i don't know but are we going to be talking about here momentarily the fact that hey we've seen the 70 percent pull back before we're now sitting at 47 are we going to drop so are we going to continue this slide potentially and and and what we're looking at right [00:36:34] Speaker 3: now i feel like we might all right man um i think i think it's going to be tough for a while until we get some good legislation the thing is though if this isn't for you if you can't deal with the volatility if you don't have the conviction in the bigger story just stay out of it man there's so many other things that you can get why stress yourself out with this whole thing you've got to have a lot of conviction i always give the story about you know when i was doing pt and i would be selling these personal training packages for thousands of dollars i was working for good life they weren't my own that wasn't my own income and it would always come down to the end of the sale i would always be hesitant because i didn't have conviction in my own abilities to be able to actually you know develop somebody to actually help them lose weight and so my fitness manager came on and he's like listen man you know if you're going to sell these thousand dollar products you got to believe in what you're doing if you don't it's going to come off immediately and you know you're going to struggle with the sale so unless you have conviction behind this stuff just stay out of it man it's not for [00:37:39] Speaker 7: everybody there oh okay sorry i'll let you guys know here with the market nothing massive but i think certainly worth noting we know there was a while ago that executive order that president trump was supposed to sign about ai it was delayed now it looks like he signed it so again seeing tons of comments from the white house president trump signing an executive order promoting advanced ai innovation and security once i get a read out of what that order entails i'll let you know but it's also worth noting we're going to be getting a white house press briefing at 1 pm now this briefing is led by center center for medicare and medicaid services administrator memet oz dr memet oz so we're going to have to wait and see what dr oz tells us but i'm expecting we're going to get some more details about this order during that press briefing back to you what i was going to say uh to you shrieve is [00:38:23] Speaker 4: it's the cyclical nature of the market like one day you're the hottest sector like look what happened the quantum and so and silver the next day you're not right so you just have to wait for that new wave of participants to step in it may take longer than what we're anticipating but i do have confidence in in the actual asset class it's just that when it's cold it's ice cold and it sucks you know what i mean [00:38:44] Speaker 3: yeah it does it does joey it does getting out of hubc here for a loss it is not holding up came back to 80 this isn't for me continuing to watch though lasc good position here there's a lot of accumulation at 145 146 it's having a lot of trouble breaching but you know what we're going to give this one the old college try because you're getting multiple moves into this critical area of resistance i'm layering my orders to possibly take advantage of a price spike up it has a good amount of shares about 60 and three-quarter million shares traded on the day but it is a dollar and a half right so we need to view it in that perspective there's also the 130 failure that i'm earmarking i've added a number of times into that 135 which seems to be the local area of support let's see how this cookie crumbles uh thank you heaven 4426 for the five dollar super chat sharif i was planning to buy btc at 672 the 97k now i'm freaking out should i go for it or back off never can i give you financial advice brother um but again it comes down to what i just said do you have conviction behind the story do you think it's going to be a store of value do you think it's going to be a possible hedge against future inflation do you think that it has any value other than you know the greater fools theory that everybody says is uh sort of behind the whole thing if you do add into technical levels you throw on that chart you put exactly where the area of support and resistance are and you throw out orders there and you forget about those orders set it and forget it right and there's there's there's a reason why i had a ton of pan w at a certain level because i put my orders out at technical levels i didn't look at them every day and when they triggered they triggered and when i took them i took them right if you're gonna if you're gonna monitor your positions every day and live by the minute you're gonna have another thing coming there so uh keep that in mind you'd be hella stressed out man [00:40:49] Speaker 4: i'm done talking it makes you believe people do not understand the bitcoin four-year cycle in math bitcoin is going under 50k having no one should be shocked g plus and spy well obviously people are shocked because because we talk about it um were they expecting this again we can just continuously talk about this all day we're gonna end the the conversation at some point but i think the narrative was supposed to change and people were looking for it to change once you it came into more or less the public markets like um i bit you thought that you wouldn't have these hefty pullbacks and when it became optionable with the future of hedging the actual asset that you wouldn't see these dramatic pullbacks that's not the nature right so again you have the mass liquidations you have the over leverage plays where people are just getting absolutely wiped out and they're like well what am i even doing here so you need to wait for a new wave of participants to step in and that may take some time the halving cycle absolutely but i think there's a couple other things that are coming into factor here we see some of the bitcoin miners uh transition into some of this data center play and cloud providing um aspect of things so that could contribute to more selling as well because a lot of people seem to be uh fleeing from it right now and why we can trade other things like the ai trade right now other than that nvda heading towards the low of the day guys hpe putting in a new lod giving back some of that room support level broke right there at 58 now once that's cracked 57 and change and looking to continue its slide now as we get a pull back here we slowly grind up here now with that being said what is google up to because i believe this is going to be a key driver is it moving higher oh did it get back a lot of oh no looking at the wrong thing i don't understand uh all right yeah this doesn't really want to cooperate right now when we take over for whatever reason no i just go to a different stock tesla back up to 421 not too bad starting to form somewhat of a bull flag so once this price compression pattern is complete you want to look for volume to kick in and then that way the break is going to be a little bit cleaner and hopefully it is to the top side for all the long tesla [00:43:02] Speaker 3: shareholders all right urg continues to stair step up it's super slow but it's trying to make a move back into 215 so just with the beak there super quick at 212 still continuing to watch lase it's still rejecting that 146 seller there is a big seller at 145 146 that is the bad news the good news is generally we're holding up at the 10 ema on the 5 i'm seeing people what was this one gpus somebody was telling me about this one yeah gpus not bad much cheaper still below the pre-market high but let me just bring this one in uh yes so the pre-market high was at 5 40 a.m the high of which was 25 15 on the dot the current intraday high is 23 pennies on the dot uh but we have cleared that sort of double top close at 22 and a half this one's a screaming buy to me at about 22 and a half 22 pennies you just ride trend with a loss of vwap at around 21 pennies pushing you out of the trade that's how it would trade gpus it's not bad on the day it's actually up 28 110 million dollar market cap so very very small who are we going to take off here because gpus does look tradable it's just about who i want to take off sda we're going to take off that one we're going to put gpus instead this one we can possibly finagle a trade into i'm hearing uh people also talk about astc this one's a bit more expensive but it's absolutely jettisoning up right now it had it had a closing price yesterday of about 35 bucks we're still below the day high yesterday in the pre-market we got to about 58 dollars or so it was essentially a sell all day from i want to see how exactly how much we sold off from the 4 a.m low essentially the aftermarket low we had lost about 50 of the value of this name however the aftermarket isn't the end all and be all the closing print yesterday was 35 and a half and off that 35 and a half we're up a respectable about 30 percent a little bit less 28 this one is making another move here into 46 i would say watch out for the squeeze here from 45 and a half 46 into 50 it could happen pretty quickly now if this one clears 50 there's a good chance that we could see that 58 and a half 58 45 whatever it was yesterday uh at the high so astc watch out for this one i do believe it is a little spready so you're gonna have to monitor that i'm seeing right now um about a 30 penny spread 20 penny spread it really does change no i see a two dollar spread right now actually a dollar spread now so it's quite spready but it is ripping up into 48 here it comes we were just talking about this one at 45 this one could see 50 very shortly i think this candle highs 48 on the dot showing 47 and three quarters right now astc [00:45:55] Speaker 7: looking real good adara keep an eye here guys on warner brothers and paramount skydance wbd here at session highs psky paramount skydance bouncing a little bit here seeing that the company is seeking eu antitrust approval for their water brothers acquisition eu decision here is going to be due july 7th so more progress here on what is hopefully the end of the paramount and water brothers back and forth as we hear that wbd and psky just waiting that eu antitrust approval decision here on july 7th [00:46:25] Speaker 4: back to you all right good stuff yeah chris arthur i mean hey man it is what it is we're gonna try it one more time here off of the lows i think this was just a little bit of a liquidity grab bouncing off the support level right now if that cracks then you know what you just get out of dodge we try to keep things plain and simple here it's either it works or it doesn't black or white like that um all right guys oh i'm gonna do our our uh social media moderator a favor over there on tick tock we're gonna give a couple of shout outs even though we didn't get the list here today which we can see what we got going on here uh give a couple people buddy ahmed healing and miss unknown welcome guys hope you guys are all having a fantastic one uh let's send it back to what we have right now as nvda gets a small pop we'll bring this bad boy up and we'll take a look you stop out you get right back in i said uh-uh you're not going to fool us fool us on this liquidity grab as it punches through support and then decides to turn price action right around uh we'll look for that move back into this pivot of 226.94 you can see that we are long up here stopped out and then we just re-enter that trade looking for the continuation move that was the initial uh thesis heading back to our scanner shrieve's got the small cap we'll head over to the large cap one and see what some of these other big names are up to nokia has been on a big time run and still moving here wow like this is a name that we don't really talk about too often 162 but it's been in play for quite some time marvell thinking about a 5x all right yeah right man that's just so crazy where it opens up 229 that is that is insane so yeah you're looking at a 5x right there katina man so far how have you been performing here today not doing too much after that stable coin news came out you thought you'd find some continuation not necessarily the case here in so fi i'm not in love with this name robin hood was hot for a little while then started to cool down a little bit let's see how this pdt rule comes into play and they were they're talking about a tidal wave of new participants stepping into the market retail traders that is uh so i'm curious to see how that is going to impact some of these earnings place all [00:48:35] Speaker 3: right devs is moving up pretty aggressively here guys good look for devs up 74 percent and into that 69 90 area nice flat top break i want to say through 50 a lot of resistance at 50 and then it started using 50 as support which is good so it started ranging you know a little 53 a little 50 then that 11 35 candle came and rocketed this one through 60 pennies 69 90 now hod on devs having done a lot of shares about 48.2 million so ample liquidity to go around for those who want to take this one i also want to mention astc is halted to the upside at around 48.12 not going to be able to update you on the theoretical auction price sadly as we are in the sim and we do not get the top in the sim but we'll continue to watch this one let you know exactly what's going on the halt time on astc just so we can take a quick look there last print came in 11 46 13 the earliest this one will be open is 11 51 13 so we're going to keep a close eye on this monster here and it's done about two and a half million shares on the day but it is a spready animal over here let me tell you the the spread one two dollars at the extreme so you need to consider that if you're going to trade this because it can just cost you money getting in and getting out almost a second apart that is part and parcel of trading spready names bird man dropping 20 in the chat thank you for that astc baby turned 2k into eight and a half k and right now back in with 5k pilot position currently halted great look there bird man we hope you print up several several storms on your side of the screen good look on you and way to follow your convictions with this name and punch in to what could be a very volatile name have at it buddy i hope you print up continue to print let's see if um what's it called astc can get to 100 bucks you never know i've seen i've seen i've seen more aggressive moves than that and quite frankly astc is not even that up big that much on the day 36 percent of thereabouts 35.93 so it's got room to go here joey [00:50:50] Speaker 4: it's not too bad all right man um let's let's see what we got smci uh ibid we were talking about that one trading at 37.99 neil was messaging me he's like hey man did we think we find a bottom right here i was thinking the exact same thing so he was probably over on the three minute time frame looking at the exact same candle over here you do get somewhat of a bounce i'm like ah you know what man i just don't know the momentum is is most definitely down so if you're looking for that retracement play back into the volume weighted average price you're not going to get it here today so yeah poor uh poor thing now moving forward let's send things over to adara i want to take a look at [00:51:27] Speaker 7: kweb and some of these chinese adrs keep an eye here on the market and on us so hearing from the associated free press that hezbollah will not be accepting a partial ceasefire with israel now we know apparently we have israel and lebanon discussions i heard this could be like now the fourth round that's happening that was as of earlier today unclear where that's currently happening i also have some more details here in that ai executive order so apparently this order will be directing federal agencies to provide prioritize ai enabled cyber defense across national security defense and civilian government systems they're also looking for an ai cyber security clearinghouse to coordinate vulnerability scanning validation etc with industry and critical infrastructure operators so whole point of this order is to create a voluntary framework for frontier ai developers to work with the government and classified cyber benchmarking and pre-release model access so they will be getting access to some of these frontier models before the rest of the world does back to you thank you very [00:52:22] Speaker 3: much for that all right in astc here looking for a hold of 49 and the trade right there so we did take a nice little scalp on astc through 48 and change we took it up to 52 no continuation at least of yet losing 48 here momentarily but that just could be the spread seeing some 47s come in let's see if it fails this halt level at 48 on a decisive basis if it does and it looks like it will here comes 47 can we get flashes of 46 here on astc we're seeing 47 on the dot and oh boy the bottom just dropped off that 47 in the 46 we go still showing a wide spread here about 25 pennies let's see if it's able to recover above this above this level but the current candle on the five doesn't look appetizing promising or good at all quite frankly especially through that 50 rejection now mind you we did get up into 52 give or take 51 91 i'll just classify that as 52 back above 47 we go so it's not as bad here we didn't find our way immediately into 45 having breached that halt level so look you know let's let's talk about this prior bar low is 45 on the dot current bar low is about 46 and change let's say 46 20 46 15 so technically we still have that uptrend higher lows higher highs below 45 though does really change things and that's my concern here comes 45 45 20 showing up here so the selling unabated to the downside do we lose 45 that breaches prior bar low and that puts a gnarly looking red candle with a higher high and a lower low basically engulfing that prior halt candle the green one that is so let's continue to watch here as the buyers do step in generally at 45 bit of a tougher look here though i was looking for a continuation possibly but it'll end up being a profitable trade on all of it but yeah we would have definitely liked to take a little bit more into that 52 i didn't so we're going to keep tabs on that urg continuing to kind of put in higher lows if it breaks below uh the candle five minute candle i want to say at 11 15 the low of which is 203 i'm out i've got two tens right now so we're going to risk another seven pennies and i'm talking about this candle bottom right of your screen that's the the low of the on the five minute chart or if you're looking at the one top screen right there so 203 202 gets me out of the trade geez louise astc still holding 45 how's my other trade here on lasc there seems to be a continuous buyer for whatever reason at a dollar 35 on lace right now i didn't add this last time around but i've already got a good position here on lace i've got 38 so showing me 39s i'm really trying to pack the patience for a decisive move both above 46 and above 50. however those expectations are being tempered by the local um trend which is area high into 11 20 which is a dollar 46 and then another area high 11 35 which is a dollar 45. so the fact of the matter is whether i perceive this as a flat top brewing or not we do have lower highs here locally on the trend so i need to temper my expectations but i'm buoyed in by the fact that the buyers keep stepping in at the dollar 35 let's see how this cookie crumbles dves as well finding some resistance here in around 70 pennies not an area i would have earmarked for resistance i thought maybe a little bit higher into five pennies 75 pennies give or take but look man if it comes back down into the 10 ema give or take around 60 pennies i could be a buyer around there so let's see how this one does joey [00:56:15] Speaker 4: there's a couple of things here i mean we got all out of nvda we switched it up on our chart there was a big volume spike and then it just never bounced off of that level with that being said we're gonna avoid this name what we do have is tesla starting to full form a bull flag on the five minute we were talking about this not too long ago price compression now you have that wedge forming and then now where's the volume going to kick in to the top side or to the downside i'm like what is holding the nasdaq up and then you guessed it it's going to be aapl at the high of the day now if you go through the other names it's like okay cool microsoft down and nvda yet down at some support levels google wasn't performing too bad right like you have that initial five minute selling candle and then off to the races back towards like you literally tick that's crazy man that that post market level you tick that almost and then you sell off a little bit so very interesting stuff and then meta how you've been doing all right not horrible but you're at some pre-market highs so i think what we're getting held up by right now is aapl oracle got the upgrade this morning too didn't do much after the bell now trading around 242 dollars yesterday not a bad session i believe it was a 10 day for that name 83 on netflix from the daily we talked about this shelf all right so 85 finally snapped in the flicks now where is that next level potentially i'm thinking 78 bucks here uh mid 70s here before we find any form of a sustained move on nflx ethereum we've been talking about that we had the investment from the government now how are these quantum names performing multiple days after a week or so regetti not too bad starting to form this bull flag and you know what ionq just absolutely really engulfed a lot of its losses and this is supposed to be the leader i believe within the space you're down 17 percent with the stock at one point was down 68 percent so that's not too bad if you got in on that news which was around this neck of the woods 45 or so then bang you get a nice 33 return um in ionq now robin hood 87 i'd like the inside day as long as we don't break down too much i do believe we can continue to climb a little bit higher c3 ai a good thing the ceo's starting to see a little bit better there adair the stocks performing um not too bad and then pandub and crowdstrike [00:58:42] Speaker 3: still holding up around their highs okay continue to watch lasc here at a dollar 35 this one is still dropping but there is continuing to be a buyer at that 135 level continuing to watch that but i'm also seeing a pretty aggressive buyer here on astc out at basically 45 on the dot so multiple candles coming into that 45 all of which held up in fact on the five you've got basically a triple bottom at that 45 level now it's the intervening candle the red one there that has me a little worried quite frankly so the chart pattern isn't what i need it to be in order to get in now you can make the argument all right you know why don't you just get in here risk to 45 well because you know this one could absolutely drop right we've seen the spread on this one this could cut you up pretty aggressively so we're going to keep an eye out on that separately though i want to mention that lasc lost that 35 buyer it's trying to move above it now i'm going to give it to 30 as i previously articulated but the fact that it wick below 35 already tells me that that buyer who was there at 35 preventing this one from even wicking below it at least for the moment has had their shares exhausted whether or not you know they re-up or another buyer steps in that's uh that's we'll have to wait and see but this one is looking a little bit more uh concerning for me so astc here it comes again though man that 45 buyer is an aggressive buyer and now we've just taken out prior bar high we're into 48 the spread is the same issue that we've had but this looks a lot more consolidative with a 45 base if this drops back down closer to 45 i could see myself picking this up in and around there with a tight stop right below 45 let's see how astc moves but if it breaches 50 don't forget that it breached 50 last time by two dollars and then lost it all the way back down to 44 and change right and that's because the nature of this one the spread is really wide so you're going to get those outsized price moves be careful with this one keep your eye on it but it does have potential for big moves we're going to pause for a second we're going to happening now then we're going to neil's lesson of the day [01:01:05] Speaker 7: what's happening now is a nasdaq that's trying to take out yesterday's highs nice strength here for that market s p 500 actually already rejected yesterday's highs so that prior day high level certainly an area of interest for both of these major indices let's take a look at the dow because we can dow rejecting i mean dow actually already above yesterday's highs that rejecting that pre-market area though from monday morning we'll take a look here as well at the iwm iwm on a nice little upward trajectory from yesterday's lows so let's see if that upward push can continue on here and we'll take a look at uso as we continue to digest headlines out of the middle east both the market and uso interestingly enough at intraday highs or intercession highs as we assess ongoing commentary we just heard reports from the associated free press suggesting that hezbollah has said that they don't want a part-way ceasefire with israel they want a full-way ceasefire or nothing we have to talk about mrvl because marvel just rocketed up here today after a keynote between ceo matt murphy and jensen huang ceo of nvidia during which jensen huang said the company has what it takes to be the next trillion dollar company now as of yesterday's close marvel was at 200 million dollars so that's a 5x valuation in jensen's eyes good look here for marvel now we've already had this lit boutan keynote as well not too much of interest the last keynote here of computex taipei 2026 rafael sotomayor ceo of nxp semiconductors ticker nxpi that'll be tonight late at night we have to talk here about president trump as well we know trump has signed this new white house ai executive order this was exactly what reports suggested it would be the biggest thing here is that they're requiring frontier ai models be viewed by the government first before they're wide released there's also a cyber security element of this i suspect we get more once we get the dr oz press briefing at 1 p.m so we know that with caroline levitt's pregnancy these individuals at the cabinet level have been switching off taking turns here with these press briefings we'll have to wait and see how memet oz fares but i will be covering this meeting and keeping you guys posted if there's anything of note at 12 30 p.m so half an hour before this we get the start of the microsoft build event i will cover these simultaneously and i'm also still listening to marco rubio here at the senate because that's what we do for you guys we listen to everything we cover everything we give you all the info you need to know speaking of which something else you need to know palo alto networks they're reporting after the bell data lab is reporting after the bell alta you guessed it reporting after the bell i'm gonna have infographics here on all of these ahead of their reports that look just like this with some earnings info these will be released and this one's already out alta should be out pretty soon you'll also get git lab coming out within the next hour or so to prepare you guys for these earnings releases but i am excited to prepare you now for neil which should be an exciting lesson of the day neil how's the lesson and how was the chicken [01:03:59] Speaker 1: oh it was good adara the chicken was good i mean i'm not gonna i'm not gonna sit here and tell you that there was like that authentic jerk where you know like you feel it in your pores and it's just like the the spice but for what our caterers usually do they did step the game up a little bit uh there so yeah it was easily the chicken easily better than the last time we had the jerk it's not look it's not gonna be the same as like back home right he's not gonna be exactly the same but look it's absolutely solid the the coleslaw was fantastic coleslaw was actually really really good i'm gonna give the coleslaw itself will get like an 8.8 the jerk will get like an 8.1 uh the rice and peas were i i somewhere in the seven range but the lesson of the day is about continuation and and sort of you know me the way i look at it i want to just be boringly positive as a trader and sometimes where you looked at how where you look to and how you look to express a move or a trade sometimes a boring way can be good but it does require if you're gonna trade a certain style where i'm taking something from leg to leg you're always acting actively looking for the next place so it's easy enough to say okay i think crypto was a short and i like it i like bitcoin at certain levels i liked it into the prior high you getting that no i liked it i wanted a vwop for trace uh so if you can get that i wanted let's get the the right off vwop well the only chance you got was right here like one minute after the open and maybe you could sneak it in there and i bit so i didn't get what i was looking for and i bit but you got to have a backup plan where else can i express the trade nine times out of ten if it's if it's crypto bmnr is going to be the trade for me so you get a big move down it's like why do you only have one trade in there because i'm just looking for something on trend that sets up an entry that fits my risk profile so where do i go first well what's one of the shorts that i like fail of the pre-market high hold vwop fail of the pre-market high top wick on bmnr so i end up shorting that not bitcoin and then i end up reloading that on the fail of vwop not bitcoin and then once that trade was done because it got to a support level i'll quickly show you so there's the short there's to that level and i'm hunting for the next trade like oh but you could have just held on to that one fair enough but i like to bang the bag the wins to maintain like a higher level of consistency and then look for the next reasonable setup and that brings me right back over to ibid that's the point at which we're getting the first bottom tail and attempted bounce on ibid what do we get a reversal candle so it's in a downtrend i know i want to short it i get a reversal candle i take the break of the take the break of the next candle at the low and we play that into another key level this one i'm getting out because bitcoin was trying to bounce at 68 000. so this one was short this until bitcoin gets to 68 000. well when that trade is done i'm hunting again where is my next opportunity going to be well on the upward trend it ends up being what bmnr pulls right back into where the prior day low rejects underneath the prior day low again another trade that i like the initial thought on bitcoin just to remind you was pull back if you get a bounce into the prior day low i wanted to short it so you're not going to get that on ibid but when bmnr gives that setup the pull the bounce into the prior day low well then i now short that for the next trade and i'm going to look for the and i'll look for another one on trend if i can find it it's all it's the same thing it's like you're you're looking short now you can just be like i'm shorting it at the opening giving it a wide stop and holding it that's not typically my style because i find it difficult to try to replicate that and be consistently positive but i do find i can find those quick higher percentage scalp style wins and then go from one good trade to the next if you've read that book one good trade it is absolutely not about making one trade and holding it all day that is like a gigantic misconception and my guess is anybody that says that didn't actually read the book because it's not what they were getting at they were simply like make one good trade that has a good positive expectancy and then when you're done that one move to the next one you will often see me trade five six seven symbols i've always traded multiple symbols but i promise you i'm usually basically focused the most on one thing at a time i might be in a couple at the same time like one might be a hold i'm getting to target but the one that i'm getting into actively i'm looking for the reload here it'll generally be one at a time you'll see that borne out day to day almost all time the days that i'll get in trouble is when i'm not doing that so you've got to just again if you find what works for you i'm not here to tell you that's the only way to trade because sure you could just have found anything in crypto and been short the whole way and you would have been absolutely fine like no complaints there but if you are going to go with that whole station to station join the trend you don't want to miss your spots and i've found it might be somewhere else on the chain like it's if it's if it's ibit the next one could be bmr or like robin hood or coinbase i could go from i don't know like amd to intel or something along those lines in the and a lot of this got born from the mean price because you if you were trading back in like the 2020 area when we had all the mean stocks going crazy this sort of passing the baton was a normal thing or if you're a small cap gap trader you might find if there's like in sympathy a bunch of stocks are squeezing and they could be maybe they're all in the nuclear space or maybe just a bunch of random squeezes happening in small caps but they have similar profiles you could go from one to the other oh this one's bouncing off view up and continuing trend boom make that trade okay let's look for another one on trend that's gonna pull back into view up and bounce you've just got to find an execution strategy that works for you that is the part that confounds people in all my years of trading it'll be well they they're like i like this long i like this long off this price or i like this short from here that's not enough because you've got to get you've got to have an entry plan or something that you're looking for to happen that gives you the confirmation okay i'm getting in right here and this is where i'm wrong i'm in here this is where i'm wrong boom that's my trade and i can easily explain it to you right like it's not as simple as i'm no matter what it looks like i'm going to buy it at this level no matter what it looks like i'm going to sell it at this level that gets people into a lot of trouble because from that standpoint you're just like oh this level is going to work i don't need to see anything i don't need doesn't need to be a bid doesn't need to be a trend break doesn't need to be a bottoming tail candle doesn't need to be a volume spike or doesn't need to hold this move this moving average there's just no confluence with it and most traders i found can explain their execution strategy pretty well and then you just go out hunting looking for those because at least you're out there knowing what you're looking for i'm not i'm not gonna pretend i don't go i'm not a hunter but i would imagine you go out you go out to hunt you have a pretty good idea of what it is that you were trying to hunt you maybe you go out there just i'll whatever i'll just shoot whatever i find i don't think that's usually the way that it goes you have a general idea of what it is that you're looking for so at least when you find it you can execute with confidence so there's your lesson of the day again good luck to everyone trading i mean it seems like you just buy it to buy the nasdaq and you're good to go if these markets are unbelievably resilient as long as you're not long bitcoin i mean pretty much everything else is looking fantastic so enjoy your lunch if you haven't had it already i pretty much polished through mine and it was tasty so i'm happy i'm happy as can be like usually i'm not done everything i'm done it all absolutely delicious lunch today peace [01:12:00] Speaker 3: much neil i do look forward to uh tasting said jerk chicken man it was uh the uh rio republica where we stayed both you and i both stayed there some of the best jerk chicken you like that you like that you got it by the beach right exactly you know dude and come thursday when everybody starts coming thursday friday like monday to thursday you get right away bro the lineup right no lineup is oh no [01:12:27] Speaker 4: lineup monday to thursday oh yeah but as soon as thursday friday it's crazy you know what i didn't like about that place is that some other resorts the one that i was telling you about breathless you remember it's like you can get whatever food you want at whatever time you want and there's room service at breathless because there's no room service like if it's 3 30 in the morning and i want some chicken tendies i'm getting that like that's what i was expecting but we did that no no you don't get that dude there's there's that one little fridge i remember i don't know if you remember this but there's like a fridge that if you wanted to eat you would have to go find like some cold uh hot dogs you're talking about it was outside of the sports bar right so like if the sports bar wasn't serving anything we were there like there's a fridge that they literally had outside and it's like they had like burgers in a container that were cold oh buying the snack bar where the jerk yeah yeah yeah yeah there's like no way to warm it up really there's no way to warm it up but there was a there was a microwave in the sports bar yeah yeah if you wanted to do that but even so man like no one i don't want um chips like uh the tortilla chips and queso at 3 30 in the morning yeah i want dude i want [01:13:33] Speaker 5: some i want something like i want meat yeah exactly yeah man yeah those are good times but breathless [01:13:39] Speaker 4: is like twice the price of real republic i realize that right yeah but you paid for what you get no it's not cheap but the dominican one they re they renovated it that's why it used to be least expensive and more like the heck the crazy crazy one but then obviously with renovations comes the [01:13:56] Speaker 3: increase within your stay i like that i like that all right there goes astc we have we've been having multiple dalliances with this one in at 48 scalping multiple 50 rejections now on bottom picking here 47 21 ripping through 48 just got the beak wet there looking for a bigger move above 50 man there is a range uh established here it's pretty obvious it is 45 as support 50 as resistance i'll submit to you the support level at least for the moment is more staunchy in being held than the resistance is being held because it does breach through 50 on occasion so here we go showing 47 sorry 48 25 i'm looking for a bigger move up here into 48 75 then i'm looking for 49 75 alas that is not happening at the moment continuing to watch lasc finally back in the money on this one nothing to write home about but this one is breaching that area high i want to say the 11.55 area high which was geez the hub my silver is not working 140 we're showing 142 i'm trying to pack my patience here for lace to see if we can break through that dollar 50 but it's been a tough trade i mean that the best print that i've got so far has been 143 i mean i could have sat at 145 i chose not to do that i chose to sit above that but uh we'll see how this cookie ends up crumbling continuing to watch astc as it works right back into that 48 and a half but it's it's zigging and zagging here quite frankly so a loss of 45 does end the trade for me and then the one that i've been watching here kind of with a little bit of a suspicious lens is urg the reason i say you know with a little bit of suspicion is we have an area high at 11 that's 214 then we have another area high at 11 40 that's 212 and now we just rejected 210 so i'm starting to feel perhaps maybe it's getting a little top heavy so urg if it comes into two dollars uh i could pick it up there for a dca until then i'm just going to steer clear either get stopped out below 203 or watch this one possibly take out 215 we'll see which one comes first we're [01:16:16] Speaker 7: going to pause for a second going up to the big desk keep an eye on space related stocks and dxyz here's asts at intraday highs seeing some more reports here about the spacex ipo which we know is hotly anticipated and expected to go to market here on june 12th spacex reportedly indicating it plans to raise at least 75 billion dollars in an all primary ipo aiming for a 1.75 trillion dollar valuation i know as of last week we're recurring over or at least 1.8 trillion so 1.75 trillion slight drop here we'll have to wait and see if we get any further details but once again here keep an eye on the space stock spacex reportedly planning on raising at least 75 billion dollars in an ipo that would value [01:16:57] Speaker 3: the company at 1.75 trail back to you air goes lace through 145 146 147 into 151 it goes laces wrapping into the area high and it is now officially above that pesky pre-market high at 147 let's see does it have the juice the juice the legs the compunction to continue through a dollar 50 it has a plethora of higher lows that's just one side of the equation we need continuity now and a decisive hold a clearing and a hold of 150 we're not getting that yet like just we just wicked above it so it's not you know get too excited but the fact the matter is we've got a 139 and a third cost basis on this having added into the highs i did add into 140 but the 135 prints uh keep me nicely in the money i'm starting to like astc a little bit less now it keeps coming back in right rejecting 50 again i'm just going to either get stopped out through 145 or it's going to take out 150 let's see how this cookie crumbles there's obviously a range at play as i articulated earlier a 45 a support 50 as resistance more strict is the support than the resistance the resistance does breach at times so continuing to watch these uh joey i also want to mention devs do i have this on a trading screen i don't so just bring in the side chart looking fantastic i mean i see you guys yelling about devs as well as you should be it's been a strict holder of the 10 ema on the five if you want to weasel in here we are basically at the lower end of the range you know you get in at 61 60 pennies you give it to 57 or wherever your risk parameter allows you to give it to but um it's okay it's okay over here devs but we're we're kind of uh we're we're tied up with a little bit of another one here joey as uh lasc continues to trade above that [01:19:00] Speaker 4: half dollar i think um nearing the spacex ipo i think we should have a four-way conversation about this bad boy i'll get all get all the lads uh going on about it all right speaking of let's see what tesla's up to why don't you why don't you tell us what you're thinking because you've obviously [01:19:16] Speaker 3: got some thoughts that you can share you otherwise you wouldn't want to you know do something no no [01:19:20] Speaker 4: because i want to hear it yeah yeah absolutely well i think you already know where i stand yeah i do [01:19:25] Speaker 3: but i don't think they do though because you have sound you had a sound assessment of this so yeah yeah [01:19:29] Speaker 4: no but i'm curious because i heard neil and sean they're talking about hey um just due to the flow because they're only releasing so much of the flow remember you and i talked about this yeah prohibited [01:19:39] Speaker 3: it from being on certain exchanges because they have a five percent minimum and they're doing like [01:19:44] Speaker 4: two or three percent right so like so they have like a very minimal flow but with that being said wouldn't that mean there's less so there's obviously less shares out there but then what if there's a lot of demand and then you have something like a small cap name where you just have a complete float rotation with the man higher and higher and higher like arm yeah and isn't there like uh yeah exactly and isn't there a limit so if you're in the private market once this thing goes once this thing ipos isn't there in a certain amount of time that you actually can't sell this thing sometimes there is a [01:20:14] Speaker 3: lockout period yeah like the lockout i was hearing okay you're gonna need to do a deeper dive on this because i'm hearing that there were certain lock-up periods for certain people not for others [01:20:23] Speaker 4: so you're gonna have to look into that could be huge but i mean like there's no way whoever some of these like ron baron isn't selling any of this some of those bigger boys who've been early investors what are the chances and i heard neil he's like mentioning the yeah there's what he said opportunity to be like hey you're providing liquidity for the older ones yeah right so that's why we're thinking like it might not be the circle or the core weave uh because they're just like selling selling letting going some of their shares that they've been allowed to appreciate over time yes but if there's a limited amount of uh of um uh shares already and the demand seems relatively high i'm just thinking wouldn't we see maybe a little bit of price appreciation uh it could squeeze absolutely right [01:21:01] Speaker 3: and that's why we see arm have insanely outsized days relative to other um you know semiconductor names because there's only 10 percent of the float available yeah uh on the public markets soft bank still holds holds a majority privately right and i have a bit of an issue with that right like you're going into the public markets you're asking for public money right that's why you're going to the public money because public markets because you're raising yeah you need money right other you don't go into the public markets unless you need to raise exactly so then you know you kind of hamstring us a little bit by only putting part of the company into the public markets i have an issue with that also with exchanges like it they allow it so we got to play by the rules that are in force but i don't [01:21:41] Speaker 4: like it and to to neil's point like providing liquidity like you could be that exit liquidity for some of these individuals so yeah it kind of defeats the purpose i had a point that i wanted to be oh so like with so like with tesla so i was reading up a little bit on tesla's ipo uh the valuation was relatively like small nothing compared to what it is right now why are some of these companies uh starting to ipo at trillion dollar valuations why didn't they go through the uh why didn't they go public at a such earlier stage because there's more money in the private markets than they're historically [01:22:14] Speaker 3: happy there is the fewest i think we're at some of the in historical terms some of the fewest publicly traded names i see this commercial on cnbc a lot in the morning right yeah yeah yeah and it's basically the it's like a dxyz where it's just basically this fund that gets you into the private markets okay for non non publicly listed names and the the premise of the commercial is so many companies are staying private so investors are unable to invest in them so invest through our vehicle but the the begs the question why are they staying private for so long and because you have private credit you got private equity you got a lot of private money you don't necessarily probably a lot [01:22:54] Speaker 4: less tomfoolery in the private markets as well too right like if you're owning these shares it's like probably the majority of the individuals are like all right we'll hold on to this you're not having that back and forth that you see within the public market well said joey lace is absolutely ripping to the [01:23:10] Speaker 3: high side now up 75 percent we're wetting the beak along the way nicely in the money on this one full disclosure i'm in the sim today guys so this is not real money looking for continuation here looking for what uh basically a dollar 75 there it's a thick it's a thick trade though man i mean it's not moving in the way that we've seen you know these dollar stocks move in the past where they clear five ten fifteen pennies all in one swoop that is not the way this one is trading um it's moving one two pennies at a time so 164 area high stuck here at 163 keep your eye out on this one it could see 175 sooner rather than later and let me tell you something baby if it clears 175 you know where your boy's bias is going to go we're going to start looking at that two dollar uh with what do you call um what's the word the term i'm looking for all right we'll let that one go we'll just take another beak wetter here on lace as it rips up in the 67 lace is on its horse guys we're into that two-third of a dollar level here we're still looking for 75 what's our cost basis on this 40 only because i added a little bit higher but we definitely had 135s and i was repeating that 135 ad a couple of times because that was a very decisive area of support now let me tell you something let me tell you something let me tell you something this 135 area could have pushed me out what would have been a great trade right because i kept pontificating about the fact that 135 wasn't even getting breached on a weak basis well it did if i had been less aggressive and moved up my stop into that 135 rather than sticking with the original plan which is a 130 stop i would have been missing out on this entire fake money move right here so this is a lesson in context guys looking again for another move into 67s here let's go ahead and post that 69 see what we get i'm liking this trade though astc a lot less okay this one feels like it is ready to go to the downside it is an uninterrupted one two three four now five candle lower high i think as soon as i'm backing the money on this one i'm getting the hell out of there i got 47 21 it's showing me 47 18s but the spread is what it is so i need that move to come back up on the bid and then i'm going to get out of there i'm liking this one a lot less it does feel like it could flat bottom break through 45 i could be wrong man it could hold 45 like a glove and then rip up through 50 and i might miss that but this was a lot more dangerous than lace given the spread given the price action volatility so i want to be careful in this one sim or not you got to get the right habits the right techniques so uh i think as soon as i'm back possibly in the money here i might [01:25:58] Speaker 4: end the trade on astc you know uh you are you know orlando brown right remind me uh the dude like a family channel actor he's like kind of lost his way yeah a little bit can i look up look yeah look up you know orlando brown that's a raven yeah yeah i don't know dude when he's yeah he's he's lost his mind but did you see this guy yeah i've seen this guy before i've seen this guy before yeah he's doing this interview and there's a mic up here like there is right now it's insane he's just completely lost his mind what happened no i'm not gonna uh yeah yeah yeah it just reminded me that which is absolutely mad yeah let's take a look at new scale power here ladies and gentlemen we're gonna switch that subject uh real quick uh smr due to jesse i hope you're having a good day broski uh and same with everyone else in the chat i haven't seen hangry wife too much in there uh i mean we had a strong move in the market earlier today and then now hewlett-packard not doing so well guys giving back a little bit of its move here i mean yeah we're at that opening print high from yesterday's earnings report but smr new scale power where's the guy from work at uh hopefully he started to continuously buy this off of the lows hey you're gonna take that right like if you're in at 10 bucks sharif congratulations 40 um to the top side so pick them up over here in smr aal not doing too much i mean we don't really [01:27:33] Speaker 3: talk about the airlines too much here oh and do you know what i ran into this i forget the ticker i'm gonna find it momentarily but there's this company that buys basically hoards these airplanes and then just leases them out to airlines it's a three letter ticker if you guys know what the name of the company is tag myself for joseph in the chat and apparently it's like a hell of a business model here you don't got to deal with any passengers forget about the fuel costs that you have to incur as an airline and the variable costs that come with that you're just basically buying these airplanes and then because you got a ton of money right ahead of time you lease them to these schmuck airplanes that either can't get there or airlines yeah that can't get their hands on new airlines from boeing because they're they're allowed delivery cadence is crap or uh you just you know you don't have enough money to any up at one time so you lease it right what's the name of that man we can figure [01:28:28] Speaker 6: that out was that jta i know i'm gonna have to find out i think it's the three letter ticker we'll [01:28:32] Speaker 4: allow you figure that out there shreve as we take a look at hp up 25 at one point down 15 here this morning uh fabian hovering around uh me currently right now making me nervous man uh there it is spy in the nasdaq still performing relatively well and we're being held up by the likes of apple right now so aapl we tried the long on tesla via tsll and then it broke through the support i mean we did catch the lower end of the range broke down now slowly starting to grind higher you've got one in it one and a quarter here on the actual underlying asset two and uh two and a half now there it goes maybe we take one more attempt on this bad boy here hey jesse's like hey joe you actually really trading sim i'm like yeah man we both are man i mean i i did my as soon as i got the notification i i did i just been busy bro i mean yeah it's on me it's not i mean i don't think it's that big of a deal to be honest with you can get it done in a span of a couple of minutes and then you'll be back tomorrow or or thursday or whatever it may be um but yeah i'm just like you know what man it's peaceful bliss right now i'm gonna be patient sit on hands uh start rocking and rolling here and hey whatever happens i can switch over at any given moment uh just right now i'm just like you know what don't feel like being stressed right now wasn't necessarily in the mood and i mentioned to a lot of other people i'm like you know what i might do it for like a week because jose actually trades a lot of sim he's like you know what if i don't see anything if i don't like anything then we just hop in the sim no point in um putting on risk if you don't have any confidence in your setup and that's what i was just like yeah all right let's let's be patient and wait for some other high quality opportunities some daily setups to be displayed er it's an oh adr a er or a er so wait for some high quality uh setups to be displayed on the daily and then we take some opportunities on that here's bitcoin 38 36 now man oh man that's a hefty slide down another almost 20 off of that peak you guys know where i stand on this name and then circle it was hot for a while cooled off double top at 140 102 now so that's a pretty hefty slide uh they are 30 on that bad boy but let's see if we can get this tesla i gotta roll uh lace is ripping guys [01:30:45] Speaker 3: lace is absolutely on a rampage to the high side i just got a message from bovin bovin is on route he's in the car okay he's on the way home and he wanted me to look at devs i was like bovin you're killing me i love you the fact that bovin already knows what the gappers are in the car speaks to this man's uh small cap acuity so all right continue to watch here guys as this one dilly dally's with 175 let's wet the beak at 75 that is going to be my highest print on the day we're still holding some good shares here looking for a move into two let's keep a close eye there it goes joseph freaking options into 76 i'm posting at 77 i happen to like the number in the same way that i like 88 and then guys if we clear 75 decisively and i submit to you 76 77 is not a decisive clearance my bias we're on the way to two l-a-s-e is an absolute rocket ship right now i'm loving this trade let's keep an eye out on this dear oil oh dear ollie i read it as oil sorry i got oil on my mind man we [01:32:00] Speaker 5: need these prices it's our boy dear ollie dear ollie my man we call them deer oil for a year or so plus [01:32:05] Speaker 4: actually remember when we first started out oh i didn't just made the same mistake right now we were calling him deer oil for quite some time and then he's like it's ollie yeah yeah dear ollie sorry [01:32:14] Speaker 3: brother lace about to be the biggest market cap and drive the nq to 45 000 by next month what's happening over there brother what are you drinking over there it's like 12 30 there goes lace joseph into 180 the rip session is on and then i also want to point out one fact here we always say sometimes the trades that you lose on sometimes are actually some of your best trades because you could have got even more rinsed case and freaking point look at that out and a loss of 45 i felt this one you can sniff these ones starting of uh you know set up for the failure i actually took money on this one we actually made a little bit of money on that astc pop back into 47 50 at 47 and a quarter and now down goes astc into 42 80 watch out for a 40 hold though whole dollar sorry 40 psychological support also a little bit of an overlap here with that volume weighted average price i'm going to be keeping a close eye here on astc should it weasel down into 40 i likely will be a buyer continuing to watch though uh lasc with a 184 high we didn't get anything at 84 is there because i did go and look at astc so that's on me but hey we got 140s on right now and so that means i'm going to take any opportunity here on possibly any dips to wet my beak and get a little bit more i see a lot of resistance uh initial resistance between 145 to 150 as we spoke about for a long time so if it does come back into that level i'm likely a buyer here all right interesting headline coming in i was gonna say here satya nadella has [01:34:03] Speaker 7: taken the stage at microsoft build 2026 he is now talking msft is dropping unfortunately not significantly so but certainly not getting any uptick if we get anything here of note i'll keep you guys [01:34:16] Speaker 3: posted here at msft build 2026 back to you down goes h-u-b-c much like frazier went down in the thriller in freaking manila did you watch all three of those fights by the way no that's crazy boxing cards revoked right i don't know because you got it like that's part and parcel of being a boxing fan [01:34:37] Speaker 6: you gotta watch the thriller in manila all three because there was three big ones right that microphone moved huh watch your head there joey i know man we're gonna have to be careful here uh [01:34:48] Speaker 3: h-u-b-c is tanking guys lost the volume weighted average price uh could be some support here at around 65 to 64 pennies given that bull flag that we put earlier on in the implied balance open but it's lost vwop and that puts it on uncle sheriff's shit list so we're not going to touch that one for now but up again goes lace and that means i'm going to wet my beak here into 183 very very strong is lase you need to concern yourself with any other small cap gapper right now lase is absolutely him whether or not it makes it into two that's still undecided at the moment my spidey sense sense says 186 incoming that is a new high a day my spotty says sense says we're probably going to see that two-ish area whether you know it's like 205 or 195 we'll have to wait and see but i'm wetting my beak here joseph 187 oh the high of the day let's go ahead and post up at 88 crazy what we get there uh let's see what people are talking about neera says check out rkto hypercube says never apologize it's what i tuned in for hypercube was like saying his wife thinks that he's watching like you know important news and stuff like that and i come on i'm like ramping right she's like what's going on over there like i thought [01:36:08] Speaker 5: you know you're watching some serious stuff yeah i apologize oh you don't think it's serious i don't know well you know like if you're not watching you don't know what the hell is going on [01:36:17] Speaker 3: there there goes lace again joseph options oh into 189 we wet the beak at 88 we sold a lot of shares by the way but it is sim so you know it is what it is emphasize that yeah i've emphasized it multiple times right continue to watch your big failure here off that 189 back into 182 let's see if we hold trend prior barlow by the way just for those who are um following along 165 166 shout out to commodity king are y'all going to do a mid-year stock pick i don't know i didn't i didn't have any plan katina man's [01:36:51] Speaker 4: been talking about that for some time i don't know if it's actually going to go down or not he wants to impose new rules is that why we've been we've been doing that man been doing it mid mid you've just been rolling with the punches with with that stuff man um oh fabian apparently is the the self-proclaimed [01:37:07] Speaker 3: gatekeeper yeah of this whole thing here man we got we have to seed everything to fade whatever he [01:37:12] Speaker 4: decides uh is what's going to happen we're doing one at six months he says well isn't that now babian [01:37:19] Speaker 3: is it possible to put your connection to me a little bit higher because your voice is [01:37:24] Speaker 4: is kind of faint just i can hear you yeah i can hear you but it's just yeah that's showtime um i mean that's exactly what they used to call us yeah thanks mr rj i appreciate that man for the kind words uh and the other individual who said some things uh and i say i i truly do now let's see if hp is gonna get any form of a bounce here guys we've tried this one on multiple occasions but we allowed it to bottom 54 dollars form somewhat of a base and then sure enough now can we find a little bit of a bounce it's not looking like it it's not looking like it no not at all man uh so we're just gonna head over to our oh wow this is absolutely flush city city yeah man this thing is just like hey punch it short i know a lot of people were saying man we're gonna have to go short on this bad boy i think we are sharif as the market is slowly starting to come back in you know what i want to actually buy here what do you want to buy joey gold man buy a little bit of gold i don't know if i don't know if i love gold but i like gold yeah that looks like a good chart there that you have going on my boy 104 percent i'm a little zealous over here zealous yeah you're over zealous over zealous as lace and hubc not doing too much this bull flag failed oh i just actually read a cool stat what'd you hear um what'd you read i'm gonna save it for tomorrow because it's spain made you're gonna keep us all in suspense yeah yeah whatever fun without wow that's not nice i want to take a look at some of these names sharif what is this trader 2x long light da etf click right click on chart no no right click oh [01:38:58] Speaker 3: you can't you can't pull up uh what it actually is from there yeah you can if you click the old charts [01:39:03] Speaker 4: you can like this one here like this one you're talking about that's not the fundamental though my guy oh yeah all right yeah we don't we got the new right right click on it right click on there [01:39:11] Speaker 3: and then go fundamentals explorer right there right you had it on fundamental analysis and then go [01:39:16] Speaker 4: explore explore there you go my guy hey my guy uh group is a company principal engaged in bitcoin mining okay and other and other businesses so so they're doing data centers right away they're doing data centers we're getting that rotation guys but marvell 281 continuing to climb we are momentarily swmr this is a leverage oh my swarmer you like this one there sharif you like shawarma shawarma absolutely [01:39:42] Speaker 3: bro i get my arap card revoked if i didn't like shawarma man okay yeah yeah they do in the 97 we go joseph options i told y'all man this if it gets into the level it is going to see two it is now a decisive moment does this clear too and not just on a one or two penny basis guys we're talking about a decisive clearing so that we can use it as support but you get that magnetic effect this is typically what happens with these ones when they clear the half dollar we're looking for 75 they clear 75 we're looking for two this could be as good as it gets right now it's a 201 high i didn't get it because it just waked up super quick i didn't even see it come in on the level two quite frankly but lase is just all sorts of strong going to adira this microsoft keynote has been pretty underwhelming [01:40:32] Speaker 7: so far but a couple announcements being made here by ceo satya nadella at microsoft build declaring the expansion of windows ai apps to more pcs also unveiling some reasoning and planning models so exactly what reports were suggesting not too much of a move here on the stock certainly not a great day here for msft as we digest comments from microsoft build looks like they're playing a video right now that would be the first video of this conference or keynote which is quite significant because usually they'll open with the video so again underwhelming keynote here from satya back to you [01:41:04] Speaker 3: i like satya i think he's a he's a level-headed guy you like you know when you know when really when his time really did shine was when he went on the gershner podcast with um altman and altman seemed unhinged angry and you know kind of just annoyed of having to do this are you surprised nadella was like that manager that level-headed guy he saw altman wasn't in a good mood so he tried to shift the narrative he tried to regain control of the conversation with gershner i i think he's he's definitely a him and pachai i think are really good managers neither are founders but they're hell of managers [01:41:45] Speaker 4: i like i like sundar i like sundar i like sundar yeah yeah i like sundar um a lot especially during [01:41:52] Speaker 3: that google keynote man are you guys watching this guys we're dancing with two here on lace man and i'm leaving a beak wetter just above two just above two so i think i've got it like 202 203 just to test liquidity it is a 201 high of day and this is not surprising we know what happens at these levels right you get into that two dollar area people start taking profits and then the shorts also are earmarking too as a possible entry point so this ends up being a little zig a little zag what do you think of this chart ram ram what do you think of this chart i love this girl bro she just doesn't give and you know what bro this is her general disposition most of the time she's like i'm not gonna be bothered i've got too much on my plate you know you're not gonna you're not gonna phase me you like my outro thank you i appreciate that that's like the nicest comment i think she's ever given me so get it ram ram all right joey yeah there's other people on her hate list today ah ram ram can i guess is it people who assign you work oh ah they're making it up there okay so then i i know who the two people who give you the most grief are i'm not gonna say them of course i can't do it joe all right because it's recorded that's fine right whoa you know get her in trouble joey but [01:43:17] Speaker 5: there's two people in her life that give her the most grief oh did one of them put a ring on the finger yes oh and then the other one is a family member oh it's not her mom today all right it's her mother-in-law oh my days oh my days man yeah that's a that's a sensitive subject so i'm gonna end the [01:43:39] Speaker 4: conversation right there you're done man that's it that's crazy to say right but hey man i think a lot of people understand that i think i can get i can get behind that a lot of people can get behind that i can really get behind that one there a lot of people can get behind that yeah i'm gonna get myself in a little bit of trouble here but guess what sharif hold on so you're trying to say that [01:44:00] Speaker 3: you you you've had you've had um i don't know let's just say a mixed relationship with uh selena's [01:44:06] Speaker 5: no no no no no no you're saying there joe no no i'm not saying that at all 12 44 on the i'm not [01:44:12] Speaker 4: saying no yeah exactly 12 44 tuesday i'm saying no i'm saying no it's actually good stuff it's actually good stuff but uh nice man but you know how it's a blessing you know you know what it was that is it comes it comes obviously yeah um there's there's two sides here comes the chat yeah there's two sides to every coin sharif unless it's a two-faced coin um let's see let's see what we got going on [01:44:34] Speaker 7: here uh with adara brilliant keep an eye here on geo ogl seeing a lot of commentary here suggesting that uh their mandatory convertible stock sale is over subscribed so over subscribed here for that geo ogl mandatory convertible stock sale they get more info i'll let you know also the build event continues and msft continues towards day's lows back to you thank you very much yeah there's lots of uh headlines [01:45:00] Speaker 3: coming in there guys first world cup match june 11th spacex ipo june 12. is this okay is it written [01:45:09] Speaker 4: in stone this ipo you never know all this right i just i'm getting the like yeah i'm just kind of [01:45:14] Speaker 3: getting the hunch that it's not coming today we love you ben aflac man we're just trying to keep it you know light here on the midday we know you know a lot of people taking it easy now but we've got some good positions on for you as well who's taking maybe and that one's gonna go up top hey you're you're [01:45:28] Speaker 4: switching the uh the setup so that it goes to the top all right cool cool um i want to get a canada [01:45:34] Speaker 3: jersey man i'm gonna get a canada yeah can i say something if you don't want the authentic and like you want to pay through the nose they got some good ones at winners oh yeah yeah okay actual can but [01:45:45] Speaker 4: they're not the authentic yeah you see what happened to bro he got they got busted not too long you saw [01:45:50] Speaker 3: that eh but but those were those were replicate authentic so they were all fake and you can guess [01:45:55] Speaker 4: from where yeah yeah where i hate you all right let's try let's go one more actually so i was just reading up on some things and there's some good options content that i'm going to be bringing to you guys momentarily and that's just going to be the basis within debits for debit spreads and actually just going long contracts either puts and calls and how in some scenarios purchasing the debit spread can be more profitable and let me elaborate a little bit here elaborate well a steady slow grind isn't good for your just flat out naked long call and or put you were looking for more of a momentum style of play where opposed to a steady small slow grind is good for your spread why because you have the theta collection on the opposite side of things which allows you to collect some premium you need to have your options charting to fully understand it but that's the gist of things let's try this one more time here on hpe for somewhat of a bounce it's going to be our last attempt on this bad boy as tesla's starting to move a little bit higher now can we slowly curl over and make our way to some other resistance zones 55 20 it's going to be our primary over there there it goes eh shouldn't have been [01:47:09] Speaker 3: uh it's a tough day to be in the same man lace is ripping here we go it is a 219 high correction 222 high this thing is on the rampage right now two dollars 28 cents that was obviously a liquidity grab it didn't spend any time there the best print i have i think is 225 and here it comes back down into 214 what a name what a remember how thick of a trade this was self of a dollar 75 my oh my it's changed its characteristics and that's because it's catching a lot of people offside and by offside i mean it's squeezing the shorts who are set up there oh um yeah sorry fabian's just setting up things [01:47:51] Speaker 5: all my days all my days all my days this is a precarious situation i like it i'm gonna get clipped [01:47:56] Speaker 3: to bed but there goes lasc 228 high showing 211 it's turning into a bit of a topping till candle i would say watch out for the breach of current bar not even prior bar so current bar low i believe is like 192 something in and around there i'd be on the alert already if it lost two dollars i'd be really looking to get the hell out of there if it loses current bar low but lasc my man bovin is in the house he's no longer in the car shout out to my man bovin he's in the house now we're going to be can i get a one dollar club on lasc i don't have the freaking dollar we can hit this one though [01:48:37] Speaker 4: and then we'll hit this one oh oh oh hey i wonder what the katina man is doing at the gym right now [01:48:44] Speaker 5: yeah oh that is hilarious that's fabian do that again as you know that's great this is fabian right now trying to set up the microphone above my head and there's a camera there that's the two shot the [01:48:58] Speaker 3: camera that is like zooming in on his face so when we're up at the big desk and you can see us both that's that camera right there so shout out to my man fabian always putting in work um always making this place better that's what this guy does man uh anytime you see any new software upgrades like any new polls you guys see the spy the dxy the q's all this stuff that's what this dude does yeah he makes all this stuff like this place wouldn't run without him so shout out to my man fabian he's always absolutely killing him we love him and uh yeah don't leave don't thank you because this [01:49:31] Speaker 4: place would fall apart all right guys all right we got our boy behind us here randy hit the randy um uh button if you guys can uh yeah there you go that's my that might be my favorite sound uh we're taking one more attempt here on this bad boy to see if we can get yeah yeah yeah that's the one the shirt what a stance man i love it i just love how it's like and it still works too [01:49:52] Speaker 5: same shirt man hit it one more time one more time yeah it's so close it's so good and somehow you don't change like somehow you just look the same well it's a little bit shorter but you know it's a little one more one more time there just for good luck there he is there's my man [01:50:09] Speaker 3: yes that's the best so i don't know we didn't get the chance to talk about um randy's uh daughter's new purchase today yeah who remembers in the chat the volkswagen rabbit i mean i used to love those cars in high school randy's daughter who's by the way she's gen z she has no idea about this car when she was younger but the fact that she loves it because she's very [01:50:31] Speaker 6: retro like that and so they picked up you want to you want to come in and tell everybody a little bit [01:50:36] Speaker 3: while i pull up the uh the picture of the um the rabbit so those who don't know tell us a little bit about the car randy she's almost dead vw rabbit there we go here we go guys so what year randy oh nine the last year the rabbit before it became like i didn't even know they made that [01:50:55] Speaker 8: now we found out today she needs some love needs some shocks and right some little we might have to start a gofundme but um love it oh we need some donations but that retro style it's got the five cylinder engine it's just a classic journey five silly five silly how many car many factors do you know make five cylinder engines man inline five accurate in line line five acura did make one back in the 90s too did they actually yeah the vigor i think it was or the uh vigor remember the names [01:51:22] Speaker 3: the legend the vigor the integra they were always like plays off like interesting words marketing [01:51:28] Speaker 8: nonsense yeah exactly yeah the inline five so she needs some love but we're gonna we're gonna start [01:51:33] Speaker 3: wrenching and uh it's black black let's pull up a black one right here let's go black black interior [01:51:40] Speaker 8: black interior black on black that needs shocks and brakes and headlights and a bunch of other stuff to [01:51:45] Speaker 5: get her on the road so this is what we're looking at right here yeah so it's gonna be a project car [01:51:49] Speaker 8: between father and daughter no that's good man that's what you want there's gonna be some wrenching [01:51:54] Speaker 3: say that again there's gonna be some wrenching there's gonna be some wrenching he said so randy is this like a randy's garage type project sort of yeah sort of i love it i'll have to take it to my [01:52:03] Speaker 8: mechanic to get some stuff done i don't have a hoist in my garage not for everything not for everything yeah yeah so the hoist stuff obviously we got tools we got stuff we're gonna get on these [01:52:11] Speaker 6: things are going for five grand it's fantastic man but these are reliable it's a volt dead reliable [01:52:19] Speaker 3: exactly reliable yeah and that's the thing eddie volvo made um that made uh made that at a time five cylinder engines too volvo yeah didn't know that shout out to my man eduardo in the chat he usually only uh mentions anything or comes in when we talk about trump today we we invigorated him through the rabbit talk that's a new one there a wabbit shout out to my man yeah the original volkswagen [01:52:42] Speaker 8: rabbit commercials that are all over youtube it's just a comedy session it's just some of the clever marketing they did back then they don't do it anymore which i wish they did but can i ask a question [01:52:51] Speaker 3: remember when vw switched from the old design golf to the new design golf yes and they did it with the jetta and then they called the old one the city jetta and the city golf do you remember that yes and that's such a clever way to actually keep an old production line going yeah especially if it has [01:53:06] Speaker 8: demand right dodge has done that with the ram there was the dodge done that with the ram like how many [01:53:10] Speaker 4: cars these days can you put like three three hundred four hundred thousand on like some of these vehicles these old school yeah i had three hundred eleven thousand with bmw's 150k you're you're you've got [01:53:23] Speaker 8: some big time work to do yeah yeah you do proactive maintenance i love keeping little cars on the road i don't mind putting a half a million on on a vehicle and a lot of these cars have more character than the cars you get absolutely you know what i mean like boxy and just kind of there's no there's no fun factor so i don't know we're gonna have a lot of we love it man wrenching sessions as soon as i [01:53:43] Speaker 3: heard you say rabbit this morning i was pumped because i love these cars not bad yeah it's actually [01:53:50] Speaker 8: lots of mechanical stuff that we gotta do um but we'll get there we're gonna figure it out send money [01:53:56] Speaker 3: 10 money all right the super chats for randy's daughter all right um joey i'm gonna mention something super quick we're failing two dollars on lace the good times could be over here watch out for a hold at around 170 to 175 i'm gonna say 170 to 180 okay and that's because the 10 ema on the five is there if it fails that we're likely headed back down about 156 to 150 volume weighted average price around 155 156 and then we had that staunchy area of resistance in 145 recall that when we were wetting the beak up here so lasc the good times could be over let's watch to see whether or not this could be a reload opportunity i'm not going to be waiting with a dip trade i want to watch the price action around there develop and then make my decision uh as it comes bird man he just tweeted ten dollars in the chat i bought cifr iron wolf two two xers okay so you bought the leverage product of those yesterday how should i play these do i hold until it stops working or is it better to dump the two times positions prior to the close on each day you want to tell them about decay because that's your [01:55:09] Speaker 4: world yeah let's go over the super chat here was that a super chat i bought cypher iron wolf two xers yesterday how should i play these uh do i hold until i stop working or is it better to dump the two x positions yeah you see the thing is oh there's strictly momentum style plays if you're catching some if you're catching an underlying asset in an uptrend it's fantastic or even at the lows right but like when you're at a peak and it really starts to curl over that's when it can get really dangerous why because if one drops 25 percent the other is 50 percent and it therefore needs a hundred percent return in the actual underlying asset just to get back to break even right so i mean you bought the two xers those are working right now for you um so i i would do that until you start to see double digit pullbacks then ride the wave there's no uh uh there's no reason to get out of them we'll go over those tickers right now if we can pull up that super chat brother uh that'd be absolutely fantastic assassino oh that's all right brother i know yeah yeah yeah no worries i can pull it up here uh no problemo we can start with i-r-e-n you're talking about that name and wall speed and cypher let's see if my my brain can remember those uh there it is here it is i-r-e-n let's pull it up how do we look on the daily we'll take a look right now yeah i see the thing is at this point i do believe that we're gonna punch through the hot all-time high so i would continue to ride this excuse me nothing wrong with trimming either right like yeah on the way up you take profits same thing you're starting to peak but just draw do the most basic technical analysis and stick with it it's that simple trendline breaks see you later to that one uh on wolf speed same thing with i-r-e-n and then cypher cypher digital break of the all-time high so if you get a little bit of a breakthrough here and it pulls back but i just think when you're in price discovery you're gonna climb a little bit higher so ride ride that wave until proven otherwise and it typically starts with once you see the underlying hip five percent to the downside you're gonna have ten percent down in your leverage plays get out of dodge on those bad boys because they have to be rebalanced as well too right uh remember remember those those nissan auto that was me saying that uh boosted ultimate drivers bod no the thing is though i think i think a lot of people stand in this i know sia is a car person she likes f1 but every time i see a subaru driver i'm just like yeah those are actually people that i i like on the road you know what i mean a subaru they're like yeah that person knows how to drive subarus are sick yeah exactly like if someone's driving a subaru you have just like a natural mutual respect for them like all right that individual probably knows how to drive um all right man there it is bang on hpe finally starting to get this one working 54.80 on this bad boy subaru yeah exactly and another one boy subaru uh let's see we got all right another five dollars super chat sometimes base my trades of what y'all wearing yesterday was a banger next time joseph comes in uh like a i'll go all right man good thing overthinking bear i think you might be overthinking that one a little bit too much but i appreciate the the super chat for that anyways all right all right i see how it is jail right away time out that's how we do around these neck of the woods i'm trying to organize eric jackson to come on the show [01:58:45] Speaker 3: cool cool eh he responded to me so i was thinking maybe he can come on tell us a little bit about the trade right because he's part of the open army right yeah see what he has to say because he was on bnn today so i put a comment i'm like what are you doing on bnn talking to dinosaurs with a thousand viewers max none of which are going to buy open door and i message you to come on on a retail channel where we have like over a hundred thousand unique viewers per day yeah all of who are going to be interested in open door not the dinosaurs that are 75 and above watching bnn he's like when did you message me oh okay so i was like okay so i'm resting him back right now let me finish this yeah yeah do what [01:59:25] Speaker 4: you got to do man message him uh get that sorted out that'd be pretty cool um yeah thanks for that birdman switch chat we we we like that one we're not going to pop the next one up there uh not worth it anyways aside from what we have mvll yeah i said we're not going to yeah there you go we don't we don't uh we don't promote that stuff here marvell 2x long here guys marvell 2x long not looking too bad see the thing is right like you get the double return 109 percent right when marvell's up 50 percent but then you have to take into consideration that downside movement 50 so if marvell drops 25 you have 50 and then therefore need 100 return in the actual underlying uh assets so is tesla is tesla moving i don't know yeah i was earlier i took a couple attempts on that we're in hpe for a rebound into 55 and that's what we're going to hold up on to uh into this one so so joey yeah [02:00:31] Speaker 3: uh lase held up very well here at the 10 ema and it's trying to make another move at two i'm i'm concerned here but a two rejection and a possible formation of a lower high and then the loss of that 175 but here it comes again at two i didn't add into this one that's probably on me there because i was basically saying oh look i'm looking for 175 to add well i didn't have any resting orders and then i got up for a second and there it goes but let me tell you about this one as well astc is making a move okay here it comes 48.99 it's back it's back above the 10 ema and it's back right at that critical area of resistance we have been talking about 50 basically all day now mind you it's a 51.91 high all right so what i'm trying to really get at is 50 has been the closing kind of resistance level and here it comes 49.50 it's trying to make another attempt at 50 here for only five and a third million shares traded and the spread sometimes is a dollar wide so if that doesn't fit your profile steer clear there's 50 can it clear into 50 and a half this could be the breakout here again 51.91 high showing 50 not 50 47 so resistance at the half dollar getting cleared here comes a two-third of a dollar so astc is on the move here guys be careful with this one widespread and it has a tendency of retracing we got to go up to [02:01:56] Speaker 7: adara office trying to make the jensen huang effect happen for them as well to kind of mix results here basically we know this microsoft build event is happening satchi nadella has now called uh jensen huang to speak he's talking over it looks like live stream skype or something here either way jensen huang is virtually attending this microsoft build event msft stock is pretty underwhelmed by this nvda also not reacting too much to jensen's presence also president trump on truth social saying it's quote false to say that the us and iran have stopped speaking and that they're continuously talking to iran even today uso pushing a little bit lower here president trump again indicating here in truth social that the us and iran are still in talks back to you yeah they're talking yeah i mean [02:02:43] Speaker 5: that's the least you can do fake news reports that the islamic republic stopped speaking a few days ago [02:02:52] Speaker 3: or false and erroneous all right okay so let's find out man what happens i just want this thing to get done so we can kind of move on past this whole oil shock move on and kind of just well the stock market's already ripping i just wonder what it would be and if it was if we didn't have an oil shock i think we just got to all-time highs on apple i could be wrong here uh 315 no so we're eight pennies off nine pennies off the all-time high we touched it on the 29th but we ended up closing red that day uh today it's very green 314.91 area high on the dead one apple as it works into 315. uh lumentum as well a name that we've been giving you for a long time up above a thousand and up 13 percent today good look for lumentum how is mchp doing yeah giving back a little bit you're going to have resistance at 100 here i think for a little bit of time this one tends to to do that kind of thing uh bloom energy up 10 percent f sell back uh they're up 13 and change we've been giving you guys the sell for a while did have a tough day the day before yesterday yesterday got bought up off 20 hope people were picking that up chinese adr is awfully strong today with baba leading the way up five and a third much like much the same here with jd lee auto xpev they're all foreign change but the crypto industry continues to get destroyed um down again here man crypto is really losing the bid bitcoin specifically and this chart pattern joey yeah you need to be concerned with this chart pattern here man because that is a bull flag breakdown here now if we lose the prior area lows that'll be uh that'll be another thing there but absolutely looking at that uh cisco also up nicely today uh into all-time highs on the cisco up five percent into 128.05 cisco's up 66 on the year just going down the watch list here trying to find some greenery very little in the way of green below semiconductors today but hey guess what what you want to guess solar green again five percent for enphase i thought sedge would be doing a bit better just up 0.8 so uh some green in the market aside from uh you know just the semi name so yeah your eye [02:05:09] Speaker 4: out on that yeah absolutely um i was gonna add a little bit there shriek you got cisco i like i like how you brought that up cisco up 5.1 percent here broadcom up four and a fifth apple up there about to tap into its all-time high if it hasn't already wells fargo bank of america and jpm help holding the spy up but as for our top performing uh sectors here today we got the utilities at the top of the list energy tech materials industrials real estate and the financials now as for the lowest consumer defensive consumer cyclical healthcare communication all right we can take a look at our options term and we could just build our spread uh we'll do that a little bit later i know we're going to get into the news momentarily so we'll get rocking and rolling on that shortly now as for some other names here what i wanted to talk about just the fact that hp you can't find any form of a bounce so you take the break even stop out on that one but we do have a 10 super chat disney it sounds like 110 call and siri 30 call should it should i take my losses and call it a day 6 26 or hold amen you can pull that up here uh right now and see what we got going on 6 26 so close to the end of the month good thing we're on our terminal right now and let's actually pull up some opportunities some chances i would love to know how much you paid for them if we can pull that super chat up there assesino uh that would be absolutely fantastic i'll tell you later um because the other person was just talking smack and we're not going to highlight this and we're not going to highlight that stuff okay so we can't go down far enough 110 so you would have to write something a little bit higher we'll pull up something else here and then what we could do this is the example that i was telling sharif in so when bitcoin decided to start selling off aggressively i was getting absolutely destroyed now to mitigate my loss there's a way that we can do that if you're thinking about taking the loss on this specific con on these specific contracts you may as well go down swinging all right that's what i like to say uh if you're going to be stubborn why are you just going to capitulate and allow things to to do that we're going to head over to this same expiration cycle and see what you're going to collect just uh 110 a strike price or even you can sell the exact same thing right it doesn't even really matter we're trading at a hundred dollars you've probably lost a lot of decay within these contracts but you can just start writing against it so at least it's like hey however many you have say you have two of them well you can collect 70 dollars um on that loss if you're going to allow those to expire worthless or you just close it and accept it for what it is or you just hedge against the position if you truly don't think that it's going to climb you can drop down and make it essentially a credit spread i think i did that because i bought further dated on ibit at times where it wasn't performing it's just like man oh man get out but when you fall into these scenarios it's hard to convince me otherwise this is when you're not following your stop loss and getting out when you're supposed to because when things are cracked and when things are broken and your options contract starts to get destroyed you know why within the underlying and that's what i did i'm like you know what i think we can continue to bounce that wasn't the case and i'll show you exactly where we were via ibit when i refused to let these contracts go because i'm like i don't care i'm putting on a bunch of size which the market doesn't even really care about and it just continued to sell it was somewhere in this neck of the woods boom here or it was somewhere over here to be honest with you and it's just like okay yeah boom this support level broke and then it just never rebounded it was actually up here in october that's exactly when we had the liquidation events i'm like oh okay maybe we can start to move higher support level broke i could have took a couple hundred dollar loss instead i decided to take uh what i paid six thousand dollars for the combination of my contracts and i ended up taking like a forty five hundred dollar loss the only reason why i didn't take a full six thousand dollar loss is because i collected premium against them but it could have all been avoided [02:09:21] Speaker 3: all right see ya it's uh what almost 110 we got a whole docket to get through so let's go oh we got a super chat okay we'll get to that okay we can get we did that we i did you did that yeah i just i just did that one yeah yeah that's the one we just that's good all right my bad see you [02:09:38] Speaker 9: green signal yeah okay let's do it so anthropic will be expanding mythos to 150 additional organizations in over 15 companies now anthropic had 15 countries my apologies anthropic has said today that an additional 150 partners in more than 15 countries will gain access to its powerful mythos ai model now there's also a concern that ai models will let hackers more easily exploit their software vulnerabilities but new partners will need to meet security requirements before gaining access to this model and as we know it major project glasswing as you can see on my screen partners do include people companies from nvidia apple microsoft crowds crowdstrike and palo alto but anthropic has not disclosed the new companies that will be involved in this so what do you have to say about this [02:10:29] Speaker 3: so i i think we're seeing a wider distribution of this because they've gone to the major you know companies who all who have big ecosystems that could have been exploited my assumption is that those companies in this project glasswing have kind of rectified some of those issues internally um with respect to the new companies that are gonna get this um i think maybe it's a strategic opera or a strategic decision by them not to disclose the name of the companies so as to not sort of you know make them a target for possible exploitation perhaps you try to get off their system whatever but i like the fact that they did this in coordination with the u.s government in coordination with these bigger names so that they could get ahead of any security vulnerabilities but this brings it back to the same point that joseph and i were talking about yesterday which is the chinese are not far behind when it comes to models anymore you could make the argument they're still behind on the chips but their models are months not years behind so the implication of that is you know that they were going to have their own mythos probably uh in short order so the fact that we were able to get it done first and you know sort of patch up some of these software hacks or uh software vulnerabilities in legacy software i think is a testament to american tech and american exceptionalism whether or not you agree with that you know i think reasonable people can disagree but i i also had an angle to this by the way um that i mentioned this morning now crowd strike palo alto networks some of the companies that were involved in project glasswing right yeah now what did we see from sentinel one and zscaler subsequent to earnings yeah not good movement not good movement at all but even though they reported crowd strike palo alto and z and uh fort fortinet continue to move up that's atypical for for an industry usually when we see weakness in some sort of chip name you'll see that in all the other chips because of the read-through we didn't see that here so my assumption is that the analysts are gauging that there's going to be a lot of money that funnels in uh by corporations through corporate spend for their cyber security but it didn't funnel in to sentinel one or z scaler so i'm assuming that we were getting bought up quite aggressively because endless assumption is the money didn't go to those smaller companies it went to the two bigger ones and you know that's why we're seeing these huge big moves but that puts a lot of pressure on the earnings report tonight and tomorrow to actually meet those demands because if you don't it's going to sell off big and i gotta tell you i took a little bit off again [02:13:14] Speaker 4: in the pre-market today yeah you're telling me about 300. just because it's been up so much joey i mean [02:13:20] Speaker 3: i i i really can't risk uh you know especially what's to come with crowd strike right like crowd [02:13:25] Speaker 4: strike pan w obviously the two big names they were going to be the leaders of this race but i like the comparison that i like using this here remember when deep seek first stepped in uh into the news headline shrieve and everybody just absolutely was terrified of what all these companies were selling and and you've seen nvda tank on the day i forget what it dropped in that specific session but it was just literally the sky was falling and we've seen that in the exact same thing when mythos was being released in some of these cyber security names but then they realized the people in the back room are like hey you can't just replace these things like what the the software like we've seen are like like we haven't seen or what they thought they were going to actually do right and then sure enough you have the people behind the scenes buying these names up for a specific reason they've done the testing they come hey they come to the realization that hey we're a little bit ahead of ourselves and we're gonna under and now these companies are undervalued so let's start to buy them back up to get them to true value and i think that's exactly what happened a comparison with deep seek and mythos that we've seen in nvda and with crowd strike and pan w and some of the other high uh uh cyber security names let's send it to [02:14:36] Speaker 7: adara finally microsoft getting a little bit of a bit here in this conference perhaps jensen huang's presence helped but either way jensen huang is now gone he's off the virtual stage if you will and msft pushing higher here after announcing this agent related project solara this is going to be for new ai based devices so as we expected lots of ai talk here from microsoft at their build keynote back to you [02:15:00] Speaker 4: all right see you oh hold on before we do i think we have a super chat chat all right pjwg7whg damn that's a good name 499 if btc drops below 67k in the next 20 minutes i'll buy you lunch all right man we'll hold you to that we'll put the timer on too bad we can put a timer in the corner of the screen what are we trading at right now on bitcoin i don't even know and i don't even i saw 67 and change i saw 67 389. oh okay so we're said no good yeah all right uh thank you pj we appreciate that super chat man uh and that sounds like you're short so let's see what we got going on we'll send it back [02:15:39] Speaker 9: to see ya let's take a look at google's 80 billion dollar capital raise that's signaling ai demand alphabet has announced plans to raise 80 billion dollars which includes a 10 billion dollar investment coming from berkshire hathaway to accelerate its ai infrastructure expansion now management has said that demand for ai services is exceeding available compute capacity which reinforces the view that ai remains a supply constrained market rather than just a demand constrained one now this raise is coming in after google is continuing to aggressively expand its data centers ai chip cloud infrastructure to support its gemini enterprise ai growth now berkshire's participation is notable because it's not just like it represents another major award that of confidence in alphabet's ai strategy and a long-term competitive position and with that google creating a bit on the downside almost 2.5 percent yeah so i spoke [02:16:36] Speaker 3: about this at length in the morning rundown but it's worth uh repeating again today so a lot of money to raise 80 billion dollars but let's be very detailed about where the money is going to get spent 40 billion of that is going to be basically for this at the market program going to start in q3 of this year and it's going to be used basically to switch what they're calling a sell the cover employee compensation model and about 30 billion of that 40 billion is actually going to go to our very very good friends i'm sure everybody on the other side of the screen loves them as well the internal revenue service the irs those are going to be liabilities that they're going to be due as a result of this new compensation package so everybody and their mother was thinking all right 80 billion chips data centers servers and whatever half of that essentially may be going to that by the way gotta pause for a second astc is ripping we got 50 30 on here comes 53 we're looking for 54 big move up here and a clean hold of 50 so when this one came back down look for the add into this one looking for a bigger move up let's see if we can clear 55 we're gonna there hit wow it just popped up into 56 90 as we speak astc is absolutely ripping to the high side let's see if can we get into 60 now big moves here only up 55 though watch out for an aggressive sell though into that 50 area turning into a bit of a topping till candle 56 90 uh high a day we're gonna pause for a second we got to go to a dare with news but i got more to say [02:18:17] Speaker 7: on google and keep an eye here guys on q com this did get a little bit of action as you can see qualcomm currently being mentioned here by microsoft i guess their project solara has a wearable companion which is powered by qualcomm so qcom and msft working together now we know also nvidia was on watch with this as well with those ai powered pcs the companies are working on together jensen huang was already virtually on stage appearing virtually so qualcomm and nvidia here working with msft at this build event back to you thank you very much all right in addition to that [02:18:53] Speaker 3: they're also engaging in these capped call transactions a part of your world here and the point is they're engaging with it with some of their underwriters i'm talking about goldman i'm talking about jpm talking about morgan uh with a view to basically taking a different financial instrument to help with the dilution a lot of people are worried about the the dilutive aspect of raising another 80 billion moreover this is a company that had 174 billion dollars in opera that generated i should say 174 billion dollars in operating cash flow in the past one year the fact that they don't have cash or enough cash i should say uh to be able to fund this is a little bit [02:19:36] Speaker 4: concerning it's something to think about there so i wasn't done okay yeah no go ahead no go ahead you have a point we can kind of go back yeah exactly that's what i kind of wanted to do sheree because like joey you mentioned some good things um but one thing i think we should take into consideration over the years from sir a share buyback their share buyback program solid stuff like they've been buying block pennies so i don't think the dilution is huge but i found it interesting as you're just about to mention these guys were sitting on 126 billion dollars in cash but they didn't but they didn't want to spend it so so just to add to your point the fact that it wasn't enough exactly but see the thing is do they do you want to uh um see we've seen how amazon essentially just vanished their free cash flow they're they're spending everything pretty much to the point where they're going to be spending 75 percent of their free cash flow can we see that somewhat in google they're like hey we want to hold on to some of this cash and then and then we head into into the debt markets essentially that's a [02:20:32] Speaker 3: great point bro by raising 80 billion yeah well especially if you're if you're picking it up at a discount uh and that's the beautiful thing about being google right you're probably gonna have the lowest rate let's keep going here so i want to mention how much berkshire halfaway actually paid for some of these shares because greg abel man he got himself a deal so about 10 billion dollars as he had told us is the invent investment by berkshire into google but it's not all just very simple like that there's class a shares and class c shares for the class a shares they paid 351 dollars and 81 cents google's trading at 363 and is down uh basically 10 almost nine bucks on the day for their class c shares they paid 348 dollars and 20 cents a share so basically getting a discount here good on greg abel for negotiating that last but not least tucked away into this whole underwriting structure basically is that the banks alphabet has granted it's managing banks i'm talking about goldman i'm talking about jpm and morgan stanley a 30-day option to get another four and a half billion so that could be 84 and a half billion further adding to the dilution concerns right so those can be exercised within the next 30 days according to my understanding there so we still may have some dilutive issues we got to go to adair for a second but i want to mention 56 90 the intraday high now on astc prior bar low takes us into about 51 and change if it loses prior bar low that's the end of the trade [02:22:04] Speaker 7: for me i'm looking for a move into 60 adair a couple things to make you guys aware of for one we now have dr oz who's of course the administrator of cms for the trump administration he's currently giving this press briefing at the white house i have not seen any comments coming out of this yet if i see anything of note i'll keep you guys posted i'm still listening to microsoft build which is also still happening and currently i have a pre-recorded conversation between sachi nadella ceo of microsoft and qualcomm ceo christiano amon so that's also currently happening and then at 2 p.m you're going to get marco rubio testifying in front of the senate once again as the secretary of state so it is a very event heavy day i'm keeping up with everything the best i can and you can keep up with it by joining us [02:22:43] Speaker 3: here at trader tv live it's a lebron picture it had me thinking and that's why that's why drake put chromas in in the video by the way because you heard about you heard about lebron and chromas they had [02:22:57] Speaker 5: a thing apparently really apparently pull up chromas on instagram i'm not pulling her up on instagram [02:23:02] Speaker 3: why man oh on instagram my instagram right here yeah between you and us yeah yeah that's fine i wasn't gonna pull her up on i think but yeah so that's why he did it in that video because apparently they knew okay so drake put out a new video at city hall okay and in city hall do you know chromas he's that he don't know okay well i'll send it to you after right so she's like all over city hall she's walking through the legislative part she's sitting in olivia chow's desk they put on the satchel uh that you know you know that mayor satchel that they put around she's like wearing it i'm like what's happening to our public institutions man right anyway there there's there's more behind why he had her in the video and it has something to do with lebron taking shots at lebron man lebron lebron james yeah because he was taking a shot at lebron because didn't lebron take uh what's his name side in the [02:24:00] Speaker 5: beef kendricks yeah well it's because they were dancing to it where was i born in november hangry no [02:24:06] Speaker 3: i mean my birthday was like 10 days ago remember i'm born may 25th um did you have anything you [02:24:12] Speaker 4: wanted to uh to add no no i i again i just don't think go no yeah as for google i mean 126 billion dollars in cash we know these hyperscalers i think it's more or less holding on to it and not letting it all go and dwindling that free cash flow and just allowing wall street to have further investment [02:24:30] Speaker 9: in in this ai build out that's where i stand on that one yeah let's talk about the next trillion dollar company as quoted by jensen huang which is marvel marvel has searched after as you can see on my screen a lot after nvidia ceo jensen huang publicly called it the next potential trillion dollar company during a computex appearance alongside marvel ceo matt murphy huang has highlighted marvel's networking and connectivity chips as a critical infrastructure for ai data centers where thousands of chips must communicate efficiently across massive compute clusters but these comments are also reinforcing a growing ai theme and this also just proves that networking and data movement are becoming just as important as gpus and the ai system scale nvidia has already committed roughly two billion dollars to marvel and continues investing heavily across the optical networking and phonetics uh for sorry photonics uh ecosystem currently marvel like i said is ripping a lot up 30 percent of the day adera what's your [02:25:38] Speaker 7: take on this so yeah i think this is a pretty interesting this thing that sean and i spoke about as he's mentioned as well off camera and the fact that matt murphy and marvel brought on jensen huang to join him in this keynote is really really smart because we know even going back to that dell technology world going back a couple weeks now we had jensen huang there as well and he literally said that he was just there to hype up dell and ceo michael dell during that keynote speech jensen huang's a great hype man he obviously did a great job of it yesterday with matt murphy and even today he made a virtual appearance at satya nadella's microsoft build conference just to hype up microsoft and if you look that is actually when msft started to pop now i'm not going to give our friend jensen full credit for that but i will shout him out here and give him credit where credit is due i think mrvl made a really smart choice here with his joint keynote speech at first when i heard about it i was kind of like isn't this taking a bit of the spotlight off of matt murphy but obviously no just gives jensen the opportunity to let matt murphy and marvel shine i think especially given that of course nvidia is invested in marvel it's a really smart strategic business move from that perspective as well honestly i want to see if this jensen wang effect continues with jensen just typing up companies during their keynotes because so far it's got a pretty good track record yeah i thought you brought [02:26:51] Speaker 3: up a really good point sia when you when you focus on the fact that they're shifting away from just trying to compete with nvidia via the custom a6 route and actually focusing on other things you mentioned photonics optics very important storage custom switching silicon all things that complement as well as accelerate nvidia's hardware so i think jensen's less and less viewing marvel as a possible future competitor and more as a complementary company to help him achieve his goals and i do love this synergy between the two companies especially because you already know that nvidia is throwing their hat into the a6 ring via its big investment i think 20 or 19 billion dollars in the grok groq not k so this is something really to keep in mind here if they're going to be like a preferred supplier and we already know they're tying the knot they got the exclusive design for the electro optic connectivity modules inside the upcoming blackwell ultra and ruben gpu platform so we already know this is happening it's not an if but it's more of like a when so what i take away from this is that jensen is viewing marvel yeah sure they're going to continue the the a6 game but viewing them less as a competitor and more as a company that can help him achieve that next level what are your thoughts yeah i think [02:28:16] Speaker 4: we sit in the same boat here sharif there's one thing if we're going to be talking about a trillion dollar valuation then where have we seen this before we'll go back in the history of of 22 or 23 or actually late 21 into 22 and just look at the compounding growth within revenue and signing new deals these guys have some big time partnerships and that's what you want to see so if you're continuously printing quarter after quarter um triple digit revenue growth and you're continuously raising your outlook you most definitely hit a trillion dollars is it going to happen as fast as we think no those things take time but with the hyperscalers still spending all this cash and some of them even ramping up capital expenditure then i wouldn't be surprised if within the next couple of years we see uh marvell do something identical and hitting in that trillion dollar club but you can see that you can identify that [02:29:06] Speaker 3: i would definitely not put that beyond because at broadcom it's like 2.2 trillion right right and they're basing it on mostly i mean broadcom does other things and a6 obviously but they could be equally [02:29:18] Speaker 4: as big i think there's enough room in the market i don't know like i again i don't know the rpos between each one of them maybe a broadcom a little bit higher it's already hitting that but for remaining performance obligations with marvell that could be a huge teller of where you're gonna [02:29:31] Speaker 9: go in the future right great point man yeah hewlett packard is the next thing we're talking about hpe had surged 25 today after earnings currently up on the day almost 15 posted its biggest earnings that the company has had since the year 2018. now ai related demand was the one sector that blew analysts away and hpe has reported adjusted earnings per share of 79 cents versus the 53 cents that was expected overall revenue has soared 10.68 billion versus unexpected 9.79 billion dollars server revenue alone has come in at 5.45 billion dollars which has topped the 4.66 billion dollars analyst expectations and morgan stanley has taken their price target from 33 to 71 dollars that's a big jump well like i said [02:30:22] Speaker 3: currently hpe up on the day almost 15 percent yeah great look uh top line for server revenue as you mentioned really surging up it looks like it was eight percent eight percent sequentially year over year for the server segment not a bad look but it came at a profitability hit the server division had an erosion of margins by about 110 basis points but i think they'll take that deal all day let's grow that top line number let's worry about growth and then we'll shore up costs as we secure the demand where have we seen companies do that oh yeah almost every company that grows basically prioritizes top line in the short to intermediate term then the bottom line also hbm didn't spare hpe either high bend with memory hard to get a hold of and very expensive that ate into their margins as well and apparently they also are having issues supply deficits according to the company for liquid cooling and cooling manifold packaging which is basically the the cooling system inside these data centers you can air cool you can water cool my understanding is that the water cooling systems or the system the cooling system that use liquid are a lot harder to actually design and you've got to go in and refit the data centers with all the plumbing and and everything like that so probably a little bit more of margin erosion there as those costs have to be well i'm assuming probably that those costs are going to be borne by the company who's building up the data center so we'll have to wait and see but fantastic look nothing to complain about here with hpe nice to see that there's uh diversification in the server game you've got dell you've got hpe you've got smci a lot of people throwing their hat into that ring [02:32:02] Speaker 4: yeah yeah i i agree with you so i like how you brought up the hbm and how that just chewed into into margin stream unfortunately with this name that's running they don't have those longer term contracts like the apples and some of the other companies would have right so that would allow them to hold on to those margins so when you have a company that's growing like this they're going to take that hit now standing with that do you sign some of those longer duration contracts do you have that guy they've raised their guidance as well too so i mean maybe it's a good idea because that'll help them hold on to margins but you mentioned 110 basis points nothing crazy we've seen where we've seen more uh margin decay it's unfortunate that it couldn't hold on to its gains here today oh yeah [02:32:42] Speaker 7: we got to go to adara let's go to adara just be aware here guys us so hanging out here near session highs we're getting some interesting comments from rafael mariano grossy now this individual is the director of the international atomic energy agency or the iaea and he's talking here about terms to end the deal which is why i'm bringing this up grossy saying that it is quote inconceivable to reach a deal to end the iran war without robust verification from the iaea they also want to monitor any terms they're also confirming here that the iaea is offering both moral and technical support to the uae during this time so getting some comments here again from the international atomic energy agency as uso hangs out in your highs we're going to send over to sia for the next topic thanks adara let's take a look at intel [02:33:25] Speaker 9: now intc's hybrid ai strategy intel has used computex to reinforce its ai turnaround strategy or pillars that the company is currently focusing on pc's edge ai data centers as well as intelligence centers intc has showcased a partnership with perplexity that allows ai workloads to be split between local devices and the cloud the purpose of this is to reduce latency and improving privacy management is also saying that uh they believe in fact that future ai adoption will increasingly rely on device processing on on device processing currently intel down on the day 2.5 percent [02:34:06] Speaker 3: yeah i gotta tell you i don't really have a whole lot to say about this specific deal um what i'm really looking out for to see with intel like to me the next major intel story is proof of the foundry business right they've got a lot of different potential customers now with that new deal that we've heard them tie up the knot with nvidia amd apple amazon amongst others whether or not you know that they can actually meet uh the demand and uh get the products out there that the companies are going to be able to use and you know not have yield issues uh to me this story is is interesting but the the bigger story for me for intel i don't know how you feel is the next step in the foundry business [02:34:47] Speaker 4: yeah i think that was key remember that was a big issue to start things off it's like hey who was it was a broadcommer or somebody was looking to acquire uh intel and then you were talking about the fabs being included now if they didn't get these do you remember something like that yeah i think it was somebody at qualcomm maybe or something along those lines but the fact that they have these big time deals and and now it's like the the fabs aren't really any form of an issue i think that's a big step for intel obviously the stake within the government is what really got that ball rolling for them other than that i don't know if we would be talking the same about uh intel if it wasn't for [02:35:22] Speaker 3: donald trump and his 10 state yeah no i i i wrote an interesting paper about uh fabian our our monitor [02:35:28] Speaker 6: went out here yeah yeah i remember when you guys you guys were uh wiggling over there yeah all right see [02:35:33] Speaker 9: it what do we got next we're talking about mchp next microchip has said its data center solutions business is expected to grow 65 to roughly 500 million dollars in the fiscal year 2026 segment has generated 302.7 million dollars in revenue in fiscal 2025 and now accelerated another 62.9 percent sequentially during the march quarter management has also highlighted the continued strength across data center connectivity power management analog security and mcu products that are tied to ai infrastructure spending this company has also announced selective price increases to offset certain supplier cost pressures but they've said that the move will not affect current guidance and with that mchp up on the [02:36:22] Speaker 3: day 4.2 percent i'm no longer involved in this name my entire purpose of being in mchp was analog chips or basically just to put it a different way less advanced chips we're talking nodes of seven nanometers and above and that is actually where the company wants you to focus uh steve sanghi who's the ceo pushed back against the media's narrative that this 18 increase in their cloud business was as a result of their exposure to ai he says it's actually not that and that the vast majority of that increase was what he called general purpose catalog microcontrollers mcus for short so essentially it goes back to the one of the reasons i even got involved in this company is the less advanced nodes think of like microwaves washing machines it's back fabian thank you uh washing machines things that all have microchips in it but don't require the same type of robust compute that you get from data centers um and we saw this as well with txn i know you're a big fan of txn yeah and they're they're competitors quite frankly both are doing pretty good well that's what i was gonna get at i don't [02:37:33] Speaker 4: honestly know i remember you were talking about this name for quite some time yeah um but i don't know too much about the company you talk about the dishwashers the microwaves and everything and those uh those higher nodes this name i mean it's been performing absolutely fantastic as you expect it will because there's when everybody's looking at the two nanometer and and less now i believe that we're talking about now we're talking about one now exactly we're talking about one so you have a company that's just like no let's focus on other things and and have the ability to grab that form of market share mchp was doing exactly that alongside txn txn has more more investment than i believe these guys oh god yeah they're like 10 times a size yeah exactly and they obviously have the new fab coming out in arizona [02:38:16] Speaker 3: fab as well yeah they got a lot of did you know that they're actually they have plants in texas [02:38:22] Speaker 4: um oh no yeah hello yeah yeah texas instruments it's funny because i i seen someone make the comment the other day um that's uh it's like what texas instruments we they don't make calculators anymore they do i know but it's like a running joke yeah it's like that's what i think i'm pretty sure everyone had a texas instrument calculator i had one right i don't know anybody who didn't have one but [02:38:46] Speaker 3: what's going on fabian all right well fabian is just he's posting up he's looking at the mic there's a mic right here y'all can't see it there's another mic right there yeah baby and uh [02:38:54] Speaker 4: i have ptsd by the way for people standing directly behind why yeah yeah i want to share the story no [02:39:00] Speaker 5: okay yeah my bad yeah all right see what do we got next uh we're talking about vsxy that's changed [02:39:08] Speaker 9: from vsco a spike 40 after a big earnings beat the company has blown past wall street's expectations for the fiscal first quarter they've reported adjusted earnings that are well past and above the consensus so let's take a look at some numbers be patient with me please victoria's secret is now expecting a full year sales to be between 7.03 billion dollars and 7.13 billion dollars which is up from a previous range between 6.85 billion dollars to 6.95 billion dollars well ahead of the estimates of 6.99 billion dollars the company has also raised its full year guidance of adjusted uh opening income by more than a hundred million dollars therefore the company is now expecting an adjusted operating income to be between 550 million dollars and 580 million dollars up from a previous range of 430 million dollars to 460 million dollars eps 60 cents adjusted versus 30 cents expected revenue at 1.56 billion versus 1.52 billion dollars expected reported net income for the three-month period that ended on the 2nd of may stands at 47.7 million dollars compared with a loss of 1.66 million dollars a year ago currently vsxy up on the day a whopping 46 percent and oh just half the company's value in one swift move [02:40:34] Speaker 3: that's that's crazy look i don't know any of these divisions i don't even remember the last time i was in a victoria's secret store uh but apparently they have good digital uh digital sales good store sales they have something called their their beauty line is doing well pink apparently that's a line as well and it's doing well their international operations are improving and executives on the call apparently highlighted the fact that they are lowering their promotional activity which in my in my estimation means holding on the margins improving profitability obviously comes from that and they're seeing which is interesting demand among both younger and older consumers as well as lower and higher income shoppers i don't know how you hit both of those worlds all at once that's pretty strategic and i'm assuming that's probably why they're ripping up almost 50 percent there they're doing good with old and young yeah they're doing well with you know people who have a lot of money and people who don't have a lot of money like it's just like this is like the perfect business [02:41:35] Speaker 9: the thing with this company is that even if you go to the inside uh the mall store you'll see that uh they're catering like you said to every every range of the crowd they have teenagers i always see teenagers going in i see young girls i'll see like mothers i'll see old people and everyone has something in that store like even if it's not uh intimates but they also have clothes perfume so much that's like a tough [02:42:01] Speaker 3: thing to do generally see which is kind of why it's catching my attention yeah you know what i mean [02:42:05] Speaker 4: what what's your think on this joey i i think like i mean i can't even pull up this thing for some [02:42:10] Speaker 6: reason okay v s x y yeah v s it's like very sexy v s x y yeah s x y yeah okay there we go yeah i mean [02:42:20] Speaker 4: hey man listen you know where i um you know where i stand when it comes to where do you stand the retail space right it's definitely a tough one but uh i mean they're bucking the trend along with they're bucking it you you brn right urban outfitters are you you rbn rbn yeah sorry for that yes yeah victoria's secret brother yeah um yeah i mean hey man it's bucking the trend and as you said if you're if you have the ability to stranglehold both ends of the consumer then i think um that's a pretty big bump and i i mean i haven't i don't even remember the last time i was in a mall to be honest with [02:42:57] Speaker 3: you i go to the mall almost every week because i always take my old man or walk around yeah walk [02:43:02] Speaker 4: around and stuff mark um but i do remember that that is a it is a pretty to add to see his point it is a pretty busy store the numbers don't lie if you're not holding on to inventories which i think is good [02:43:12] Speaker 3: churn is good can i ask you something yeah do you think this is this speaks to a larger uh habit in consumer behavior where they are willing to give up certain things and not others so if consumer spending was to decline yeah which kind of hasn't yet yeah to be honest okay or debt is up yeah still spending remains strong do you think that this is one of the areas where the consumer starts making the first cuts lingerie these type of or is that something that you know that's gonna be it's like [02:43:47] Speaker 4: session resistant if you get my drift yeah yeah i mean well i mean what were like what happens when people get bored i don't know um you know what i mean do you fall into that realm like what are you what are the first things you're gonna buck like at the end of the day is it like some expensive shoes it's very interesting right because you would think it's like is that a necessity that you're not seeing because look what happened during the uh previous earnings report what was that name that sydney sweeney's in what's that oh aeo right yeah you see that on the decline uh and you see some of these other retailers on on a decline but yet you see a sector like this where you see these little feats of strength right like so i think that's what it is to be honest with you i gotta tell you i i i'm caught [02:44:29] Speaker 3: between two minds on this you know what i mean like within the consumer if if consumer spending was too slow whether this would be one of the first areas the consumer starts cutting from i think so i think so i've caught between two minds a little bit because there are certain parts of the undergarments which are not optional yeah right they have to be they have to be and then there are other ones that you know are sort of frilly yeah no exactly and i think this falls into that but [02:44:55] Speaker 4: i think it's a sign of strength but when you're talking about consumer spending where do we traditionally see the restaurants right as you mentioned that's a good point right so you'll see eating out and you see people starting to cut back there uh and then some more of the other luxury goods like how come a company i get it you have the ability to tackle both ends of the consumer the lower end and the higher end but like why isn't nike performing half decently well why aren't some [02:45:19] Speaker 3: of these other names performing i don't think they're trying to target the lower end they're not they're [02:45:23] Speaker 4: not and i think that's a big time decision so is that in our store lately dude everything is [02:45:28] Speaker 5: expensive it's everything's 150 bucks yes everything's 150 dollars and i don't know if that's [02:45:33] Speaker 4: necessarily the way to go because you're really uh hindering your total addressable market at that point but maybe maybe victoria's secret found the secret to hitting um both ends and i'm loving all [02:45:46] Speaker 3: these uh comments in the chat guys uh you know everybody's got a take here i'm loving it some are funny i know some are you know you're trying to poke fun but hey keep them coming we like it what do we [02:45:58] Speaker 9: got next sia let's stick to news arms data center cpu push arm ceo renny hass has said restricting ai capable cpus from china would be difficult because cpus are general purpose processors which are used virtually across all computing processors sorry applications now management has argued that cpus are far harder to regulate the nvidia style ai gpus since performance thresholds and ai specific use cases are less clear than everything else arm has announced that by dance and oracle have become customers for its new agi focus data center uh cpu platform or the company also expects this emerging data center cpu business to generate roughly 15 billion dollars in annual revenue within five years now [02:46:47] Speaker 3: currently arm non-reaction to this trading flat 0.24 percent yes and this puts arm right front and center in the antitrust um conversation we spoke about this they were licensing they were receiving royalties for their designs that were being used by other companies but now they're going to compete with their clients that changes the narrative right we spoke about this when this arm headline uh for ai g uh ai cpus came in i believe last week maybe the week prior um so this changes it for me the the revenue generation as well as you know the prospects of more more uh more clients more products obviously fantastic but that usually raises the the attention alerts the the antitrust regulator about this kind of stuff so i'd like to see how this all unfolds i do like how they're taking a very strategic regulatory approach to making sure that their cpus are china export compliant again you know this used to be 20 of nvidia's revenue i'm speaking about china which is zero according to jensen's own words so i i don't think that they want to go through that again apple into all-time highs breaking 3 15 get it apple almost up three percent [02:48:04] Speaker 7: adera's got news yeah i'll be quick here guys just keep an eye on geo not a ton of volume on this about 600 000 shares traded a sub sac account called the punch up just shared this post uh saying that there's dark money tied to geo group and i guess said dark money has been accused of illegally funding money into a a political network now geo is a security company and they invest in private prisons again volume on this about 600 000 shares nothing massive but just be aware here geo dropping on i don't want to say a short report because it's not a short report but certainly some negative sentiment here suggesting that again uh dark money tied to the company has been accused of illegally funneling money into a [02:48:43] Speaker 3: a political network back to you i was just verifying with katina man this was like the bury trade where he invested in that and then that uh private prisons i didn't even know that they had private prisons in america until that burry trade by the way guys gpus is ramping into 2484 it goes it is just a throw stone away from that 5 40 a.m high 25 15 gpus is on the rampage to the high side taking out that 24 penny flat top break we couldn't shake the sellers at 24 well they got killed they're decimated they're just a distant memory now keep your eye on gpus if we clear 25 could be going to 33 um so yeah i uh did you have [02:49:27] Speaker 4: any comment yeah nothing like crazy i mean like bite dance is looking to to buy some of these um these cpus that you're we're talking about here the ai they're going to buy them as well bite dance is involved and i find it company yeah exactly but that's what i was adding to your point right yeah singaporean you know what i mean yeah exactly um no i'm from singapore yeah you already said that like a hundred times um yeah that that was absolutely hilarious uh i mean but other than that like we already know that masher yossi holds holds about 85 or 85 to 95 percent of the float on this so i wouldn't be surprised like they'll they'll be able i think they'll be able to sell them [02:50:07] Speaker 3: to who they want yeah yeah and i like that but what do you what do you think about like the narrative last remember when this story broke then people started saying antitrust antitrust they're going to start competing with it with the customers that they're actually licensing some of this technology to so they have a licensing business and a royalties business the two ways they typically generate money yeah they never actually made their own chips and then went out there and competed with people now they're going to compete with some of these companies yeah you see what i'm saying yeah smart if yeah yeah but you know the regulator might have another idea all right see ya what do we got [02:50:40] Speaker 9: let's talk smci's continuing ai momentum smci has continued extending its recent breakout chart speaks for itself the move follows a major ai infrastructure strength across the sector after strong results coming in from hpe and dell reinforced invest investor confidence in ai server spending super micro has unveiled two new rack scale ai perform platforms built around arm and amd technology targeting agentic ai workloads large-scale training inference and sovereign ai deployments the new arm based platform will focus on higher compute density lower operating costs as well while amd helio system features up to 72 gpus and next generation epyc processors currently smci up on the day by six percent [02:51:30] Speaker 3: yeah so this is actually quite interesting because this new arm amd tie-up is using amperes amperes architecture to kind of cram multiple high core nodes all into a single rack and kind of if we didn't if they didn't use sorry the amperes technology to bypass the severe power allocation limits that would basically cap all the legacy x86 uh servers at a certain uh expansionary level so according to what the report says they're going to be able to achieve 40 percent more compute density per square foot without forcing data centers to completely overhaul their regional grid permits to me that speaks of a win secondly though here is they've engineered these racks to exclusively uh to exclusively for i should say direct to chip liquid cooling so data centers that don't have the plumbing for liquid cooling won't be able to use this specific server rack unless they get that done right and we know how much that that's going to cost last but not least what i really want to emphasize here is this growing demand for sovereign ai what am i talking about i'm talking about like countries full-on countries joey that want to have access and dominate and control their own ai right and so part of that is not having their information on the servers of u.s companies lest the u.s government requisition that data from them force them by law to give to give it to the u.s government so that is an eventuality that these sovereigns don't want to happen so the only way to get around that is to make sure all their data is hosted locally and apparently that's one of the businesses that they're targeting here i do like this as well from smci my question is though given you know smci's checkered past if you're a sovereign and you have dell as an option you got hp as an option are you going with smci it depends who you are [02:53:37] Speaker 4: though good point elaborate canada no no chance probably um but i mean some maybe some eastern asian companies right yeah who we talking about here so i i think it depends where you are and who you're going to take off at that point and i like that you brought up the sovereign aspect of things because we have our data center being built out in the kitchen in waterloo you have what's going on in norway and then uh and then i believe in france as well too they're looking their build up and the saudis bro well the saudi's been in the game but you know who they're you know who they're getting their stuff off at the end of the day right like it's nbda at the end of the day um but i mean if you're if you're heading into eastern asia i think that at some point the uh india would probably get involved with types of uh the smcis right because you get a little bit of head butting here in the western world and some of the other names too like say they were already selling to singapore so [02:54:30] Speaker 3: so singapore is like customer number one exactly like they're at the top and mongolia don't forget [02:54:35] Speaker 4: about mongolia that's what i mean all of those countries i mean i wouldn't be surprised if those who are their bigger country but i think it's funny that we just sweep under the rug what they were been up to illegally moving some of these chips and they don't give and fishy accounting practices [02:54:50] Speaker 6: yeah yeah it's like we don't even talk about that anymore of issues they were always late or they [02:54:56] Speaker 5: just didn't report and and somehow yeah it's like if you're a company that you're already a little bit you know in the gray it's like in the show up on time yeah like do things the right way things the [02:55:07] Speaker 4: right way and unfortunately that wasn't cambodia is a good thing too i don't know 100 cambodian i didn't [02:55:14] Speaker 5: well i don't know but are they uh neil knows exactly what i'm talking about 100 cambodian is that if you know you know bro is that a thing uh show yeah yeah yeah oh is that talking about the when he's [02:55:32] Speaker 4: making his own shoes remember no no when he get when he has them like two competitions oh and he's like [02:55:37] Speaker 5: part of the competition is that you have to yeah we're not going to go any farther but yeah all right there you go jesse jesse hernandez is always on point i think this guy watching he's like hey man [02:55:49] Speaker 4: he won't get some of my references i won't get some of his but jesse gets it all man i think you got it you spend too much time in front of tv screens because you know every reference by the way [02:55:58] Speaker 5: that's hilarious man all right guys let's get send it back to see you let's take a look at our final [02:56:03] Speaker 9: story for the day talking about microsoft build conference microsoft has kicked off its annual build developer conference with ai agents developer developer tools my apologies and ai enabled pcs that are expected to be the central themes of their ceo satya nadella is outlining how microsoft plans to compete across cloud ai enterprise software coding assistance as well as ai powered windows devices investors are also watching for updates to open ai related uh initiatives microsoft's own ai models ai coding tools so much ai guys and new integrations with nvidia's latest you guessed it right ai hardware the company is pushing ai pcs and copilot as well as devices as it brings ai functionality directly onto consumer and enterprise hardware with that microsoft up on the day just a little shy of four percent before i go to the boys adera what do you have to say about microsoft yeah i do have some stuff to say [02:57:02] Speaker 7: about microsoft i quickly want to mention the latest post from ming chi quo as well he's mostly just talking laying out the new nvidia announcement which also involves microsoft of course with the reinventing the pcs he said that even if rtx sparks development or ship shipping timeline slips he thinks that microsoft nvidia's quote strong growth in ai infrastructure will probably still be fine he thinks apple could be in a little bit of trouble though because their entire business is consumer electronics so apple beyond any kind of pc announcement will also need to have a compelling uh beyond a compelling narrative a concrete plan to deliver this is significant of course because wwdc kicks off with a keynote on monday now speaking of keynotes i've seen a lot of keynotes guys as you know sitting at this desk i have to say i don't think i've ever seen a stock react so little to a keynote as i have seen microsoft's today it barely blinked it barely moved we got a little bit of a bounce i mean only slightly here from the session lows as we had jensen huang make a video appearance at this keynote but other than that it really wasn't much we did have some announcements of note here solara which is going to be their new project it's an ai an agent related project which includes a wearable component being blocked by qualcomm qualcomm moved more than microsoft did on this keynote long story short this keynote which is still happening nothing too crazy i think in terms of format it's a bit of a combo of what google does where you've got some celebrity appearances including one time kiki palmer is on there you know they've had random nba players it's also a little bit apple in that they have a whole bunch of random apple employees you've probably never heard of except for at these events so that's my take here on this msft keynote again some announcements were made does the stock care [02:58:41] Speaker 3: go chico games you're hilarious brother you're hilarious i do like you um okay so i haven't obviously heard anything that's been said at the conference but my reading of it prior to going in was you're going to hear a lot about autonomous agents especially as it relates to how it's going to mesh with co-pilot as well as advanced windows on arm developer tools a lot has been made about how windows doesn't run as smoothly especially with certain applications especially windows pcs that are based on arm architecture other uh unlike the x86 architecture like the amd and the intel cpus some issues there secondly i also was reading here possibly about a custom small language model in the range of 3.3 billion parameters and it's supposed to be directly in windows 11 so it'll be an on-device small language model slm and that's something we've been talking a lot about and that's part of the perspective that apple's taken right to kind of secure privacy and security last but not least to kind of win over developers that are skeptical about the windows on arm microsoft is heavily touting this kind of what they're calling a prism emulation engine and they claim according to the reports that it runs legacy software like it does on x86 pcs it's going to run them equally as well on arm based pcs we'll have to wait and see uh but microsoft has been quite good lately today giving back a little bit here joey just a little bit uh below four percent on the day yeah i think a couple uh there's well what we're [03:00:26] Speaker 4: seeing here from the chart is that you have two days in a row to the downside but that breakout i think it's only a matter of time until we start to see this name really recover um why because if you're at the bottom of the barrel sharif right now and i think that's what copilot lays in same thing with whatever matters kicked out there there's really only one way you can go especially with this type of money that these guys are spending and with azure uh i think there's a lot more top side here because we talk about the leapfrog aspect between all of these ai tools and agentic tools i think at some point you're going to start to see copilot climb the ranks could i be wrong does anybody use it no not really but with that being said this major company is still sitting in that fourth or fifth spot from a from a market cap standpoint has the ability to spend the money and and really climb these ranks so um i like where we're sitting in from a laggard standpoint in microsoft because we're not going to put azure and we're not going to kick [03:01:23] Speaker 3: azure into the curb great point all right let's look at some of the trades over here uh that's that are still going we're going to send it over to the big boys shortly katina man's back in the house guys dxst one to watch it's trying to reclaim 450 but this is the monster astc 59 high believe it or not despite the spread and despite the volatility look how respectful that trend is especially with the 10 ema nary a breach the only breach you got in the last hour and a half is that one at 135 continuing to go astc watch out for that one as well as lasc what a move this one was into 228 we were counting this one out it was all dead and buried when it lost two dollars here it comes again into 195 looking for two 96.97 be on the lookout here lasc could be the one going into the afternoon last but not least guppus gpus 25.81 it took out the pre-market high at 25 and change this one is also quite respectful of trend it does have a tendency to breach trend though at times look at look at that 12.45 dip but other than that for the most part it's generally higher highs and higher lows gpus one to keep an eye out for the small cap gapper inclined into the afternoon send them off joey yeah i hope [03:02:46] Speaker 4: everyone has a fantastic