Will Trump's Big Beautiful Bill Boost or Break the Rally?

0:00 Good morning, traders, and welcome back to the action. Of course, wouldn't you know it, Trump's bill actually got to pass by the July 4th deadline, and we'll be talking about what's going on out there, traders. Seems like my mic's a little bit off, but I'll adjust that in a second here. Let's get the show started. You guys know where you're at. It's Trade the Pool. Let's kick things off with the countdown. Just get the show started as I'll adjust my mic a little bit there. Let's go. Google wants 200, baby.

0:49 You ready to get back to the trading action? You aim, you shoot, and make money. It's going to be a great day. You guys know where you're at. All right, traders. There we go. Sound a little bit better there. Um, let me know in the chat how my audio sounds as it sounds a little bit off there. But let's kick things off. It's good to see you guys this morning. It's good to be back in the hot chair and I'm ready to see what's going on in the market action as we speak. There's a lot going on. Of course, we did get the gap up. We'll talk a little bit more about that. We can go through the watch list. We can take a look at sectors. We got a lot to talk about right here on Trade the Pool, of course. Let's take a look first at the overall market. See how that's performing right now. And you guys can

1:34 see here as as we are we're doing really good. I mean, continuing to chug along up there on the spy and it's been like kind of an uptrend, right? We were looking for when were we going to get that next expansion move up. We got that expansion move up. We've been riding it about 3.5%. Now having a little bit of an inside day, of course, a little bit of a topping candle on Thursday. So today is going to be a big watch to see if we undercut Thursday's low. Right now this morning, we held it to the key. 62243 62243. That's very important. I think that's what we got to keep our eyes out for cuts underneath. But right now, we're getting more and more comments of what comments from Trump's tariffs bill. Uh tariffs, of course. We'll talk more about the big beautiful bill during the show. We're going to dive deeper inside

2:21 of that. So, stick around for that, guys. We got a lot more for you guys and we'll take a look at some other action, right? How can we get into uh some different trades out there and we'll keep battling. We'll take a look into if I can get this swing account. I want to keep pushing, guys. I want to keep pushing. See what else we can come up with. Uh but we got a lot more for you guys right here, of course, on Trade the Pool. We'll take a look at the action as this pulls back. We'll go to the playbook and take a look at there. Q's pulling back a little bit right now. And of course, we'll talk all about Tesla. We got more to talk about Tesla today. Let's get to the action. We'll go to the Sunrise Report. We'll go to the playbook after that as some of you guys are coming in here. Um, let's let's actually let's just kick the playbook off. We'll just do three names that you guys have already heard. Um, reason why is I think

3:08 today is just continuing with the themes and just continuing with the trends out there. Let's get to the action. All right, traders. First one up we can take a look at is XYZ. Of course, I've been talking about Block looking for this to go strong and it is getting strong. And you can not only look at Block, you can also take a look at other names, uh, PayPal doing well as of late. Another one that you guys can take a look at just in the kind of payment space as these are all kind of doing a little bit better is Toast. Toast doesn't look bad. that could break above 46 and continue to climb back. This has been a really good name since it broke the base around 28 and has been pretty strong. I like this overall, but really this is more of a blockchain play. You

3:55 can also take a look at SoFi. So has been really hot as of late. I think I'm looking for a pullback into the 9 EMA, but I think at some point we could break the 19 and get over towards the 20s and really start to break out over the highs. And SoFi starting to go back to all-time highs. 25 in reach and really could be at 30 by the end of the year. We'll see what happens there in SoFi. Keep your eyes on this name. I think it's a retail favorite and thus we'll get the attention that it needs to get the push. Look how the volume went increasing into this drive. Now you're getting this sideways consolidation with lower volume, showing you that shorts are not coming in, but also that longs haven't taken the big position again. Look for the day where it breaks out with that big bar again to show you that

4:41 big move higher. We'll see what happens there in Sofi. All right, guys. There is some news out there that we got to talk about. It looks like Coreweave and Core um Coree and Core Science uh Corez um came in with some news there. Coreweave is acquiring Core Scientific in an all stock deal that actually knocked the stock down big here. Uh so big uh looks like it's a complicated deal. That's one thing I will say. It actually knocked down core weave here for a good bit. Uh it's down here all the way down to the 1530s. Now I actually might look to dip by this as it's been really kind of beaten down. I think it was a little bit of an overreaction on the first time and now it could come right back. We'll see

5:27 what happens here. I might take a little swing trade on this. Let's see if I can get this guys. Uh, this is on based off of news, so we got to be really quick on this and got to be careful here if we do take the trade. Only want to risk about 20 bucks if I want to do this. So, might just go a little bit smaller than even the 100 shares. Um, h let's just take a shot there. Let's see if I can get an entry at 1525. So, I can risk about 25 bucks here. Order out there 1525. Try to get that swing trade on on core Z here. Um, this did get acquired. So for me it was a little bit of an overshoot to come down that fast. But of course coreweave and we can take a look at how that's performing off of this. Right. Coreweave is definitely going to be important.

6:13 That's also came down on this. So it's interesting that they both came down. Um so I'm interested to see how this performs off of this. Now it's starting to come back through the 1550s. Might have to step up here. But I have too much size if I'm going to go up to the 1540s. So I'm willing to go up to the 1530s here. But I'm looking for a pull back to the 1525s. Still no pullback there. Could even come back to the 15s here. So right now I'm just watching it. Not much action coming off of this. We'll see if we can get an entry. No entry just yet. Uh it's kind of hanging out there too long there. So we'll see what happens there. I'm going to cancel for right now. Look to see if we can get a pull back to the 15 there and get some bottoming a little bit more. I got like one, two, three, four. So that's a good sign. and it just needs some buying here

7:00 and it's not really getting it. At least that's not what I'm seeing right now on core Z. Um it's still down there to the 1540s. Could come down to the 15 one more time and then create that double bottom approach. That's what I'm going to give it a chance to do here. Come down towards this, create a wick here and then recover that. Then we can take a shot on the swing side back up. But core weave uh definitely getting hit there also on this. This is going to affect the market overall and shows you a little bit more of that momentum slowdown. We'll see what happens as the cues are pulling back and we'll see if we get some actual momentum breakdown there. All right, in the playbook, let's continue with the playbook. Next one up on the playbook I want to talk about is ANF. ANF, of course, has been hot as of late and uh this is all on Nike's

7:47 report. I think this is a great one. I talked about it for a swing off of this kind of break of the 85. It's continued now went to all the way to 93 last week. I think we got to look for a little bit maybe of a pullback week, a little bit of a pullback into this because I think this is going to be more about going into August. So, the key here is be careful with the pullback, but the pullback could give us better entries for swing trades on these pullbacks to the 9 EMA. So, a pullback to 86 seems perfect for me today to jump on that and try to ride it back there towards 100. We'll see what happens on ANF and other players in the retail space. Another thing that won't hurt it is XRT to the highs, right? If XRT is breaking and maybe going to all-time highs, maybe pushing right back towards this move in

8:34 2021, well, then we got to be looking to ride that move. Just look to see that it's certain names. It's not going to be all the names that are moving in the XRT. And I think that that's the important part. You can do this by a look like of RSI. You can see how Bath and Body Works actually getting a little bit of a lift and some pretty strong move there. Um, so Albert Crombi comes into play there and you got some other names to kind of watch here. Sally's Beauty holding getting a little lift there. So, uh, Autoation now that one is a really good play, guys. I really like this. Autoation at all-time highs probably continuing and this strong move last week. This is to do with more auto plays, but Dillards also look at the breakout there and Dillards right back to the upside. So Dillards has a

9:19 tendency of outperforming. Let's just say this. Um sometimes I don't even know how Dillards can continue to perform like it does. Um but it does the price action at least. Look at the rise in the last kind of uh week about 9% there for Dillards. This is what I mean by the change that happened from Nike's report. Gap has a huge gap to close, pun intended. This is another one that we can look at with this retail trade going higher. All right, that Coror Z just kind of holding on on that 1550s. We'll see what happens on that thing, but definitely ugly, ugly, ugly move on that. All right, we'll be joined by Michael Nos coming up here at 9:00 a.m. Excited to keep it going today and excited to keep on trading, guys. We'll look for some small names. Look at this

10:06 guy. Look at this guy. Uh, ARTL got all the way up there as high as 3333 this morning. 8 a.m. All the way up there. It went and it was a rocket ride, guys. This thing went from I think like what $10 to 32. Wow. Wow. What a ride this morning. 7:55. Uh, if you were up there and you did this this morning, well, shout out to you guys cuz this thing rocketed right before 8:00 a.m. We'll see what happens on ARTL if it can continue going. There's some other small names that we can watch out there also. Um, hey, it's going to be an interesting day for the playbook. We'll take a look at different watch out there. Let's go and move on over now to the Sunrise report.

10:51 Of course, it's 8:50. We're getting closer and closer towards, of course, the market open. We'll be watching to see if that core Z can get a little bit of a bounce or not. Uh definitely it's an interesting deal. I need to look a little bit deeper inside the specifics of that uh press release. So what I'm going to do is I'm going to use my good old AI to kind of understand a little bit more about what's going on there in that deal. So hey, the fun part is I can do this with you guys live, right? Um, boom. There you go. Getting it in there. And I'll let you guys know some more specifics about the deal and uh a little

11:38 bit more that I can actually tell you guys. Um, and just like that, I got it for you guys already. Right, the exchange ratio is an interesting one. Um, so the per share value is $20.40 per core scientific share. That's where it's really interesting to see this stock trading at $15 if it's going to get a sale of the at least per share value up to 2040. So there's kind of like no reason for it to be down here. This is the hard part about these kind of deals. I'm going to take a little shot here. if it undercuts 15 and starts to come back up through the 15. Uh, but you guys got to be careful on these types of deals. But I can tell you guys that right now I'm taking a look on

12:24 this. Look how look at this right here. Of course, um, a little bit more about that deal, right? 2040 PO per the scientific shares a 66 premium of that 1230 price, right? So that's what they're kind of nailing it down, right? The expected closes in Q4, right? So, those are all things that could be kind of coming in here. So, Corez Z is down there to that $15. It just bounced. I just talked about how I wanted to see a bounce off that 15. It just regained that. Let's go ahead and get after it here and see if we can catch the bottom here, guys. All right, guys. Just took a little bit of that, guys. I'll fill you guys in there. You guys see the share price there, the 100 shares, 1513. I can hold it off the bottom, which is 1491.

13:12 We're going to risk off that 1491 and look to see if Coror Z can come back roaring. All right, we'll see what happens. Trying to bottom dip and buy this Core Z as we went through and just broke down the deal with AI. And that's what it's all about, guys. Try to do things like this. It can catch you a good run. All right, guys. We'll see what else is out there. Is it down because of the all stock deal? Yeah, it's it's it's down because of that, but it's kind of weird because it's a risk play, right? So both of them shouldn't be going down. One of them should be going up and one of them should be going down. So I would think that of course core weave would be going down because it's the acquirer, right? It's the one that paid the price and of course core Z just gained in value. So

13:58 it has almost no business being down here, right? So I took the shot there, guys. You guys see me now back into the green now. Starting to get a little bit of a move up. Um, and I'm just going to look to ride this for a bigger return, right? I'm looking to see if this can just start to grind back, especially towards the open. That'd be a good sign. And not breaking the low right now, which is around the 1490s. We'll see what happens on this one. All right, let's get to the Sunrise report. You guys see this trade. We'll talk a little bit more about it. I'll keep an eye on it and I'll let you guys know how it's performing. Just wanted to make sure I got it open today and was able to take another shot there. Uh, but let's keep going, guys. We'll see what else is out there and what else we can come up with. All right, looks like are my charts struggling a little bit there? Yeah, it

14:45 looks like my TC charts are struggling a little bit, but it's not a big deal. Let's just keep it going. Let's get towards the show there. And uh yeah, looks like my core my TC charts are frozen. That's a that's an interesting one. My TC charts very rarely freeze. There it is. It woke up. You guys saw me wake it up. All right, there he goes. It looks like it didn't get its coffee this morning, but I hope you guys got your coffee this morning. And if you didn't, well, get ready cuz Mitch gets the espresso to start your morning. Let's get to it into this morning's sunrise report.

15:32 All right, traders. We'll see what going on this morning. Of course, let's start it off with what happened throughout the weekend, right? The futures were sliding amid the tariff confusion. Uh Dow futures were down. The S&P futures futures were down, but of course, you guys saw it. We did gap up there. So, things are not looking too bad this morning, but we are starting to dip off here. We'll take a look. This is news related. I know there's a lot of comments coming about potential deals this uh day. I think the next 44 next 48 hours uh was given by Bassant talking about several trade announcements. There's a lot going on out there guys. So we got to keep an eyes out and also the reaction of course of the big beautiful bill. We'll see what happens there. Um and it had the market priced in, right? A tariff imple implementation

16:20 this week, right? Uh new guidance from the tr uh Trump administration indictes that August 1st will now be the key date where these tariffs will actually take off. So we went from it being in April to it now being in August. So I think in this case maybe the tariffs just get pushed back, right? Tariff effects of course go in effect on August 1st. Um, but we'll be hearing about what those tariffs really are throughout this week. Right. The new twist, of course, is that Trump floated an additional 10% on tariffs on countries aligned with anti-American policy at the BRIC, the bricks, uh, signaling out Brazil, Russia, India, and China, but offered no policy details. That's the interesting part. Of course, we'll see what happens

17:05 as the market fears the tariff volatility could disrupt the rally even as some investors expect strong earnings and resilience from US multinationals. We'll see what happens there and uh we'll have to keep an eye out to see what happens in Amazon. Of course, all eyes will be open to see what happens there in Amazon as uh we get some prime action. I don't know about you guys, who's buying their Prime deals this week? I know I'm looking at buying some deals tomorrow. So, uh, hey guys, we'll see what happens there. Amazon, uh, was up now pulling back a little bit there. Will Amazon continue to lift off of their Amazon Prime deals? Well, I'll tell you one thing, they have four of them this year. And of course, what does Walmart Plus do? It has some deals today

17:51 also. Uh, so it's not like it's just going to be Amazon. Seems like all the e-commerce guys just copy each other every time, right? All right. That's going to be on Prime Day. It runs from July 8 to 11. Strong demand is expected in electronics, back to school gear, of course, and that could help uh kind of push these sales, right? And that's why they did them around this time uh to try to push people. Online sales are projected to surge to 23.8 billion during this week's 96 hour of Amazon Prime deal. And that's according to Adobe Analytics. And keep your eyes on that, right? Because it's supposed to be up 28.4% 4% from last year at that 23 uh 23.8. We'll be watching to see when we get that number. Was it a uh did they

18:38 blow it out? Right. Those types of things could help the stock continue forward. We'll see what happens on that one. Let's move over now to Tesla, of course, and I can't wait to talk with a little bit about this with uh Michael coming up as Tesla fell more than 6% as the CEO, of course, announcing that he's uh founded the America Party, a new political initiative aimed at influencing a handful of Senates and House races. Um they're really just trying to shake up things, right? And that's what it seems like Musk is trying to do here. Wall Street of course has grown increasingly sensitive to Musk's political moves as Tesla takes the beating for it down to 295 today. Will it go further? I think that's are all things that could happen here. We'll see what happens there. Of course, Apple's

19:24 interesting as Apple's uh they're calling it the split personality. Um but really I think that you got to look at the price action. This is a perfect example of what the media is telling us versus what I want you guys to see here and really look at. Apple's been hot. Apple looked like it's bottomed. It bottomed around 195. We've talked about that level countless times right here on the stream. And we talked about all that recovery of 200. Now it's been hot, guys. It had four straight days to the upside, 5% run. Now, will it get to that trend line? That's what I drew back there, right? We were looking to see if it was going to make its way back here. Now, I think it's important to look at it because it actually had some good news here. Let's talk about the good part. The first blockbuster film, of course, uh F1 debuted for 155 million in

20:12 the opening weekend box office and rave reviews. F1 showed Apple at its best, analysts said, citing Apple's long-term vision and cultural re uh revolence. Of course, this is very important because at the end of the day, they did get hit about their AI conversation and all that, but Apple used its ecosystem edge to promote Formula 1. It's it's uh of course Blockbuster. And it included even pushing ticket discounts via the wallet app and leveraging stars like Brad Pitt and Lewis Hamilton and promotions with CEO Tim Cook. So, hey guys, this is something definitely to keep an eye out for. We'll see what happens out there, guys. Um, I'm definitely going to be looking at this. I'm right now keeping a little eyes on Core Wee Scientific here

20:59 because I can't let it go too far down there. It's right off that 1490s, has hit 1480s here, so I'm just keeping an eye on it there. Uh, but definitely keep your eyes on the action on Apple. We'll look to see if Apple can get another lift. All right, that's enough on the of course Sunrise Report. It's time to go ahead and bring on my co-host of course, Michael NS. What's going on, man? How we doing? Good morning to you. How's it doing over there in good old Canada? Did you get some of our smoke from July 4th? All the fireworks. I was about to say, you got all your you got your fingers. They're all It was fire. I don't know what I don't know what happened out there, but that's what that was my message just to all the Americans was like, you know, fireworks are dangerous. You're drinking

21:45 a little, right? Make sure you you pull those fingers back just a bit. Yeah. Yeah. Yeah. Yeah. Yeah. Keep those uh fingers away from the fuse, right? Um just to hit the buy button, right? You need a you need some strong fingers to hit the buy button in this bull market. Always always need those strong fingers. Right now, I'm thinking about cutting this core scientific position. This is an interesting one. Uh it's more like a risk AR trade. I don't do these too often, but the way that the action was this morning, it was really interesting. It's bidding out right now. It's trying to cut me out. We'll see what happens off that 1470s. Yeah, it's spreading out way too much there. I'm probably just going to go ahead and cut it here, guys. Let's see if it holds the 1470s. I'm I'm really getting close to cutting that one. That's Coreweave Scientific. It had this deal with Coreeave. Um so, uh it's

22:32 really just interesting, man. Uh the deal's uh a buyout at like 20 something, but the stock's been going down since the first spike. So, it's just really interesting there. Normally, you don't see this, right? The acquire is usually the one going down. That's why the risk arbs are playing this thing. Um I'm actually just I'm just I'm just amazed by it right now. I'm going to probably have to get rid of it, guys. I'm getting rid of it here. I'm trying to get out there on a limit. Let's see if I get out at the 1460s here. They're buying them at 20 and it's a 14. It doesn't It doesn't make sense to me, man. All right, I'm getting out, guys. I'm going to take the small hit there. It took like a $71 hit there. definitely went down a little bit further right there as I was watching it. Uh, but it just

23:18 doesn't make sense to me, guys, on the action. Um, so we're going to find out a little bit more about this deal, right? I think there's some more particulars and I even tried to use AI to look a little bit deeper inside of it on why it like what could it be like, right? But at least even AI couldn't really find anything in the press release. Um, so I'll do a little bit more diving here. I'll let Michael kind of kick things off. Um, I'll let you guys know if I find anything else. There has to be something else on why this is going down so much. I mean, I know that Coreweave itself is a very hard ticker to to short right now. It's like a huge borrow fee. Maybe that's impacting it, but I don't know. It's very confusing for it to be down this much. Um, and Cororeweave not

24:03 down nowhere near as much, right? Like Core's down about 5%. And and this went up there for a second there. It was up like it was up. It went up 20%. And since that 20%, it's down 31%. So really interesting there. I don't know what's going on here. We'll see what happens, guys. All right. That conversation at least for now. Well, and yeah, just to explain for those who don't really follow like why we're so confused is, you know, if the if they're buying the company and they're saying the company's worth X, generally speaking, for $20, for example, you expect this to go up to 1819 and then slowly as as it gets closer and

24:49 closer to the buyout date, slowly drift up to 20 bucks as you know, you're taking off risk premium and things like that and going from there. So the fact that this is uh is not doing that is just really confusing. So it's either you know we're missing something in the bio details or this is 100% free money and it's like you you want to try to figure that out relatively quickly which I think is um Mitch hit I think is a great use of AI right is that you can go through and say like what am I missing? Am I missing something or is the street missing something or or what's going on here? because usually it's a a pretty straightforward trade is um you know you short the company acquiring it, you buy the uh the company that's getting acquired and then you know that there's going to it's not going to go to the price that it's going to be acquired at.

25:34 It goes a little bit under and the reason for that is two things. One is risk. uh you know there's a always a risk that something has um you know there's risk of of the it getting blocked or somehow the deal blowing up. But then the second one is time value of money. So yeah for the commenter saying someone doesn't want to park their money in it for that long. Well that's why it will trade at 18 instead of like 20 because if it's going to take six months to do it they look at how much you could make in in the risk-free rate and it gets discounted that way as well. All that is usually all calculated into the price. So, the fact that we're not getting that uh shows that there's just something weird going on. Maybe something missed in the press release or or or some shenanigans. So, yeah, you definitely want to take a

26:19 look at that. But, um just quickly, what I'm seeing here in the markets, this is one of those where if you look at the SPY, it's really weird. Uh if you look at the spy, um we're gapping down, right? because the SPY of course as an ETF was closed on Friday and closed early on Thursday. If you look at the ES, if you look at the futures contract, um that is normal as well. But if you look at the CFD, the S&P 500, um it looks a little bit different where the S&P 500 on the CFD side of things bled all Friday and is now gapping up. So, uh some strangeness going on there in the market. So, just kind of keep that in mind. uh just based off of what instrument you're looking at, but you know, we're going to focus on the spy

27:05 anyway. Um so gapping down a little bit has to at some point. We're up as like eight days in a row straight up. So having a rest day seems totally normal. Um if this is going to be a pullback day, it's going to be great because what's going to happen is uh we're going to be able to find out really quickly what is uh what's holding up, what's not pulling back, right? That's the main thing that we want to look for is that you know if you have say we are going to pull back a percent or so today you just go in your list in your portfolio personally and then go in your list of the stocks you watch and look for the ones that are holding on the ones that aren't getting kind of smacked and those might be a very interesting one to uh to take a look at. For example, Weeble I

27:50 really like the look of it's gapping down here. actually have this on one of my swing trading algorithms for a pullback if it got to uh 1280 and it's below that right now. So, this is one that could be a good little pullback. Crypto is holding up relatively well. Um not crazy well, but still holding up pretty well today above this this zone here. So, we need to keep an eye on I can't wait for the market to open. So, it will give us a good idea of of what's going on here. But if you look, IWM is down 73 cuz IWM always sucks. Uh the SPY is down, but RSP or the equal weighted S&P 500 is actually down a little bit less, showing that the average large cap company is doing better than the cap weight at large caps, which generally

28:36 only happens when you have, you know, the big the big names. And you know, Mitch already covered this with Tesla. uh when you have something like Tesla is kind of weighing down the markets where the rest of the small cap or large caps are actually doing okay. So you know it's kind of a a story of of one or two stocks that that we have to see what happens. So Tesla is one thing that I'm going to watch off the open for my little strategy here as well. So, um, you know, we have this push up potentially and then it can close the gap because Tesla gaps down because Elon does dumb stuff on Twitter and then we all get over it. It seems like that is the that is the story of a Tesla shareholder. I remember I I have this bar here highlighted and all the range

29:23 inside this bar because this is the breakup that's happening right here. So, um, you know, we're we're inside this range. But yeah, Rando saying we're not we're at basically at uh Thursday's open. So, we'll see. But it hasn't been it's been 1 2 3 4 5 6 7 8 9 days of uh well, eight days of consecutive higher lows. You see, we haven't been able to break the low of the candle below it for eight days. So the only thing I know for sure is that at some point we are going to break the low of the candle before us, right? It's so today seems like a good enough day as any. I would like to see just to keep things healthy. I would like to see a pull back to this 613 this prior all-time high break because we

30:10 just blew through that all-time high. We gave no retest to see if there's any demand in that zone. We gave no uh you know pullback since we've done that. it's been just a straight rip from that zone. So, I would like to see that. Uh, it doesn't necessarily mean it's going to happen. No one no one cares what I would like to see, but that's something that I think is going to be important going forward if we if we can get that kind of a pullback here. So, I took a look at the let me see if I can grab it here. the commitment of traders data um just to see where they're at and they shorted a little bit more last week which I think is just insanity. So, if you're a contrarian person, you

30:56 are still going to be looking to bet to long this market. If you think that the average trader out there, the large and small one, uh, lose money over time, which is my thought is that most these guys lose money. So, let me grab this here and then copy this over into here. There we go. So, uh, ignore the red line. So the green line is the large traders out there and the blue line is the small traders. So you can see the blue line has been pretty much flat. They haven't been the small traders haven't been making too many moves one way or another. Um they're generally always long. It's rare to have these guys short the market. Um when they do

31:42 short the market, look out because they're always wrong. Um but yeah, on the on the blue line, sorry, they bought a little bit last week, but they're still net short. So, uh, everyone's still net short the market. So, that to me is a very interesting thing where I want to be potentially buying that because I I'm want to fade what most people are doing and they're betting against the market. So, but we need that pullback. So, if we can get if we can get a pullback down into the 613 614 area, to me that's a viable pullback, especially as long as everybody is short. It's crazy to me the action on that core report, man. I don't even know what to say, man. I've I've done my thing. No new information. There's nothing there, man. There's nothing there. There's

32:30 I I don't understand it either because I've even asked some ris I've looked at some wrist arb profiles that I don't think they even understand what's going on. So, that's that's when it gets really confusing. the guys where this is their specialty um don't even know what the hell's going on in that one. Um so does that mean it's like is it free money? Should I be like taking real money? At least from the PR it seems like it's literally free money and there's volume coming in it now. I'm watching it like someone's buying up down here but it's just more can you take that damage because it's come when it goes down it goes down fast right here. I think a big part of this also is premarket, right? This was the if we got to the open and it was down here, I would feel a little bit better because liquidity will kind of improve a little

33:16 bit on the downside risk. Um, but I'm just going to watch it. If it clears 15, I'll let you guys know. I think this is one where it's like let it continue to leak until it shows us that it wants to come back, right? Well, we we'll I'll let I'll I'll let you guys know when it actually starts to come back or something comes out that at least explains why this is uh continuing the incredible leak that we're seeing right now. Yeah. And that's, you know, deal like if there was like some combination of options or something like that, but it's an all stock deal with a given ratio. And um it just doesn't make sense. I'm just I'm just trying to figure out like this isn't something that Well, I guess I was going to say is the uh FCC going to block it, but I don't think in this

34:02 environment that the FCC is going to block anything. I don't think at least right now. We could take a look at one of the highf flyers right now trying to take off again. Artl. This is the highf flyier of the day, man. There it is. There it is right there, guys. Look at that thing. It's uh it's set up here. It's trying to come back. See what happens. and big bar end. I don't want to get over excited, but um in the pre-market anyway, I have um taken a Tesla trade here and fully systematic Tesla long or Tesla short. Tesla long right here on this green arrow and it put out a stop-loss

34:48 and a profit target automatically in trade the pool. though maybe I worked a little bit on the weekend. We had some emails back and forth. Uh it looked like it wasn't me going crazy. It was just not implemented. Um but we've did that as well. So maybe again I don't want to get everyone too excited, but maybe we could be very close here to to testing this. So again, I'll continue to take this take you guys on that ride. But um yeah, Tesla is one that I'm interested in fading this gap. Weeble I'm interested in fading the gap. And I'm just going through some of them now. Um, you know, these QBTS and OQ are gapping a little bit. Um, but nothing really substantial. There's not a lot of really huge gaps to look to fade this morning that I'm seeing. So, I want to

35:36 continue to look, but nothing really is is standing out to me too crazy. Anyway, yeah. And, uh, throughout the show, I think a little later, I'll get to deeper. Um, I got some like uh insights on the big beautiful bill. We can talk about um things that it could affect trade ideas and some will be longer term right out of the deal, but we'll talk a little bit more about that during the show. Stick around for that. That we'll talk more about that at 10:00 a.m. as we kick things off, right? Uh we'll see what happens here towards the open. VIX still looking a little bouncy, but I don't think uh anyone's really stressing about that. I think what we got to be watching to see is what happens with the tariffs this week or will we actually get mentions of actual letters to go out? I mean, the confusing it. I already

36:22 say it, man. I I put it out on Twitter. I was like, it seems like they're making this policy on the fly. Every every corner, man, is just like, man, uh, okay, so now we're going to do it this way, and now we're going to do it that way. That's I don't think that really shocks I don't think that would really shock anyone if that's the case. If they're just Yeah, it's just it makes it difficult. It really does make it difficult, I feel like. Um, but hey, we'll have to wait and see, guys. Uh, and uh, you taking a look at some Stellantis? You long on some Stellantis? I'm looking. I'm just going through my gap list here just to see, you know, that's actually a trade that I think is interesting there because um, of course, as we know that with the big beautiful bill, we got the EV mandate out, right?

37:07 uh with that EV mandate out, what it does help is it helps these car producers um because it's going to be easier for them to produce uh gas guzzling vehicles than it is going to be to produce EV vehicles. The number one thing that people are a little bit concerned about right now is the total price of the vehicle, right? Total price of the vehicle just being too expensive. Easiest way to bring bring that price down, not make them EVs. So, I think this actually helps them. And if you know about Stellantis, Stalantis is also has Ram underneath their belt. And Ram just uh got their CEO to come on back as the CEO of Stellantis overall now. And I think this is important because he's bringing back big engines Hemi back into the Ram. I

37:54 think you might see this also happen to Ford and GM where they make mentions of, hey, we're going to bring back this big engine where it was all about, hey, we're going to come out with this EV. will now come and bring me back those gas guzzlers and watch how the stock reacts. Yeah. Um it will be interesting to see what people kind of gravitate towards, right? It's not going to be something that will be fast, right? If you're changing your the auto manufacturing, it's going to take some time. So, uh, you know, I'm sure they just can't whip up hopefully. You wouldn't want them just to whip up a new engine type right off the bat and give that to you because it's probably not going to be tested very well. So, you know, it'll be interesting. I mean, they can just bring back the ones that they had, right? They

38:40 took them away. They don't It wouldn't be like a new engine. It would just be an updated of their old that they took away that they took off the market. And some uh let's say like truck fans, like real truck fans were were really mad about these engines being taken off. Yeah, they're not the most fuel efficient, but they work and they ride for 200,000 miles, so I could care less about it being fuel efficient if it's going to ride that that that long, right? Um these EVs, nowhere near are they going to ride that long, right? It it's going to make a truck not what it was. But hey, we'll see what happens there, guys. Interesting. What do you think about this BMNR? Is this gonna be a crazy inplay one still? I don't know,

39:26 man. I'm watching that core Z, guys. I might take it back through 15 here. It's coming back. Just adding if I'm doing this. I'll take it. I'll take it. I'll take it with a lower size this time. I'm taking a little bit there as it's coming to 1499. We'll see what happens on that. But I just feel like, man, this was just shouldn't even been down there. We'll see what happens. Took a little bit there. Just going to take it and but I'm going to risk off the 14. I'm going to give it a hold. We'll see what happens. That's about $76 of risk. See if it can get back there to about 18 or 19. And that will still be a really nice gain.

40:11 Yeah, that uh that would be a great gain. Like it should. Um, I'm just going to go off of that based off of uh the price action coming back and then I saw a lot of sizing come in between 1450 like 1425s and then when it went back to the 1425s. So my idea is there's buyers some big buyers somewhere between 1450 here and we'll look to see if that holds now. I think he's risking on 14s. That'd be risking below the price action. And we talk about these all the time. When you can risk below the price action, take that shot. Risk to return arbitrage style. Yeah, that's where we'll take a little bit more of a shot, right? If that is

40:56 what it is, it should be right. It should be free, right? Sometimes it could be a weird reaction, right? Like a weird algo that started to short this thing like crazy and all of a sudden it it it messed up the PR release, right? And then it was just shorting this like crazy. And that's why it did that like pop and drop. And out of nowhere it just starts to the the real traders are like, "Whoa, whoa, whoa." Regardless of whatever you're doing, we're seeing that volume flow going down. The the shorting is actually coming off and then now they're going to jump in it to see if they can get it back up. Um, we'll see. Well, and that kind of stuff is the reason for like this kind of move is the reason for halts. right now it's pre-market so there's no halts but it's yeah if there

41:43 is nothing that um you know was missed in the reports or anything then yeah it was probably just an algo that uh was misprogrammed and was meant to buy and short it instead and then like you mentioned a lot of human traders would just see this action like you did and say I'm just going to get out and I'm going to reread this I don't want to you know sit there and and kind of go through uh you know and and hammer things because it's interesting. We'll see. We'll see, guys. I'll take the shot at least. And especially, you guys know on the swing account, I'm trying to nail this or something. This could be an easy one. If it just starts driving up at the open. Well, maybe I can just ride this thing all the way back to the $20. I don't know if it goes back there. Who knows? Goes back there. I mean, hey, I got myself a nice little six bucks return, right? So, um, we'll see. I

42:30 think it's a good teaching moment because these things are especially with computers nowadays, right? In computerized trading, these things are so rare. Generally speaking, you get the PR and the thing just, right, if it's a $20 buy, the thing just zips up to 19. The action was happening. You saw it go to 21, right? I mean, the action was happening where it was going to that price, right? That buyout price, right? Um, and something happened. I saw it wick like quickly quickly. Like something happened there. Um, of course I wasn't watching the tape, so I didn't note if there was some big tape that showed up there, but it went to like 20. It went to like 21. Right as it broke 21, it went and did this quick move to like 2121. Right in that 20 cents, it

43:16 just down. I'm with you. in my personal account. I bought uh I bought a bunch uh around here just because right when you went back and you couldn't find anything that's wrong, that seems to me worth the risk to, you know, 13 bucks or something like that. The the algo um the AI tried to tell me that this was a sell the news event. Yeah. Well, that's why they're not taking our jobs just yet. Michael, when I heard that reply, I was like, "Okay, so you don't even understand this. That's why this stock is doing this." I got my answer. You guys don't understand. The AIS don't understand what's going on with this. They don't understand. Then, uh, of

44:03 course, there's going to be some mixed uh, noise on this stock right now. All right, we'll move past this, guys, because I don't want to drive the show just on this. You guys know the trade. I wanted to bring it here so that at least you guys have heard it first, right? You can't tell me uh tomorrow, Mitch, why didn't we mention Coreweave? Why didn't we mention it? Well, we talked about it. Let's move forward. Let's get out of that conversation. Uh Bitcoin's definitely going to be a watch. You're talking hood there. Um we'll be watching to see what happened. What do you think about this with Hood Bitcoin? And I see it in the chat comments there. They want to know about the hood. Everything Everything in the the long run is insanely bullish right now. everything in the short run is really overextended. So, it makes a trade like this hard where, you know, I love I own the company. I love the company. I love the

44:49 stock. I'm in it from, you know, in the 40s or the low Yeah, high 40s, low 50s in this area right here. Um, I can't buy it up here. I'm not going to short it up here. I don't feel like necessarily taking my profits off the table here. I want something to change. So, a lot of these things are are kind of out. Now, for a day trade, right, you've got a nice kind of congestion here um in this time. Get rid of some of these drawings. Yeah, you've got a nice little congestion here around 90 bucks. So, maybe if you want to take a short through 90 or you want to try to if it holds that support at 90, maybe that's a good place to take a shot. But yeah, just very overextended. Uh just like with the market, just like with everything, these become very hard

45:35 markets to trade because if you are just shorting because the stock went up too high or the things went up too much, uh I think you're crazy. Um because that's no such thing as something going up too much. You can just go back in the history and see that. But at the same time, it gets really hard to buy something that's gone up for in the spies case. What we say eight days in a row straight up. you've got to kind of take a bit of a breath there. So, yeah, it becomes a a hard uh a hard place to place trades. So, this is why I'm really going to be focusing on kind of the short-term nature, fading gaps. Um like we talked about with bull, I'm looking to potentially buy that gap down. Uh Wolf, this one here, potentially short this gap up. Uh just again very focused

46:22 on the kind of swing trading side of things and hoping we get a drop because a lot of the swing trading systems I do are just buying strong stocks that are are getting oversold to the downside and I just don't I don't have any of those right now. So I just got to just got to sit and wait. And I think that's hard for a lot of people. But I think it's going to be important especially if this market continues to do what it's doing which is just ripping to new highs over and over again. Apple is uh pulling back on this right now. It seems like an interesting stock to watch. Um, we'll see if we start to get the bounce out there. Um, I I love the negative news out there with the positive uh in Apple. They wanted to talk about Apple AI, but they didn't want to talk about that movie doing really well. Um, we'll see. Well, and I I don't know. It's like as

47:08 much as I think Apple can really if if China can build that deepseek AI for really really cheap and really fast, I I just have to believe that Apple can figure it out at some point. I think it's all a branding thing. I don't think Apple wants to That's why they're calling it like the Apple intelligence stuff. Like they never just take a normal thing and put it into their products. They always take some and make some sort of weird word. So, I'd be shocked if they ever just say AI and they just call it something different and put it inside the phones and in a different way. Um, yeah. Again, what I'm an Apple shareholder bought at the beginning of the month, so kind of talk my book a little bit, right? Yeah. Yeah. I think I think they'll figure it out, right? I don't I'm not worried about that. Uh, what about AMD on the pullback

47:57 now? Um, I think it's interesting. Uh, definitely getting that pullback opportunity for sure. It's back down towards the 9 EMA. It's sitting on the 9 EMA. Will we get the opportunity to maybe uh get a look through 135 and then recovery today? That's what I'm going to be watching for on AMD. Um cut the daily low, right? Come back through the VWAP. We can just keep taking that approach that strategy, right? Um hourlys are right on those levels, right off of that 13544. You got some lows down to 13522 and 13512s. So interesting trade there on AMD. Yeah, it's this all this I don't know.

48:42 It's like yes, it's pulling back a bit. It's just to where it was on Wednesday. Um you know, I just I I feel like again as the guy who's normally bulled up that we need a bit of a deeper pullback at some point. Um and so what about CocaCola here? It's a nice setup on the daily. Yeah, I like the Steve. It was me and Steve, I think, talking not Pepe, Pepsi. Pepsi. Yeah, Pepsi. Talk about the Pepsi chart. Nice little breakout there. Um, but yeah, a lot of these kind of safer names might be a place to go. You know, again, I'm not bearish. Walmart. Walmart above 100 call here. What do you think about Walmart here? Setup. I like the setup. That's a nice

49:27 looking chart. There's a gap to the left here at around um the February 20th gap. Do you see that gap there? I think it could close that gap to the highs there. That's an interesting gap, Phil, to come after. That's a move up towards like 10285 here. Interesting. Yeah, I uh I just feel like we need some sort of rest and the market will find some news event. It just there's these times where the market's overextended and it just waits for some sort of news event and says I'm going to then now short the market because of it. Let's go. Markets opening here, guys. Let's get after it, guys. Walmart definitely on the radar for me off of that. I like that look. I'm looking at defensive

50:13 names also. So, a big rip out the gates. That's one name to keep an eye out for for big moves. SoFi starting hot this morning. We'll see what happens on that. Yeah, spy a little rip right off off the gate there through the open. So, I'm going to keep an eye on that one. Um, VWAP for now. See what happens there. Uh, bull. It did trigger my swing trade for anyone who was wondering. So, long that in the swing account just right off kind of the opening price there. Uh, swing trade, not day trade. So, day trade has got to get back through that that zone. All right, guys. We'll look to see if it can hold on the 1460s here for my look on uh COZ.

51:02 I want to see it start getting hot quick. If not, it's probably going to drop fast there. So, we will Let's just see. So, again, just for testing the bot, I got some test orders. Was up this morning. That's why you see me wiping my eyes a lot. uh testing some things and maybe working. I'm going to see if um anything works and then if we're getting stop losses, profit targets, kind of the whole nine there as well. Stop out in the CRZ again. Man, this thing just dipping down 50 cents right out the gates here. Yeah, Coreweave did a little little dump there, too. We'll see what happens, but it's just I don't understand it there. All right. Yeah,

51:50 moving on. Right. Still in it right now. It just uh No, I I think it's important to focus on too because it just shows that sometimes the market doesn't move the way that it should, right? Yeah, it is. It doesn't always have to be logical. We talk about this MBIO, one of the hot stocks out the gates here in the penny land up there to three almost four. It ripped out right before this. It's already made like a 100% move. It's up 200% there. ARTL pulling back a little bit out the gates there. Uh, so you got some names that are moving out there in the penny stock land. We'll see if those can keep going. KL KL KLV is the last one I'll give there to keep an eye out for. I got triggered in some of the cues here and I'll find a better way to share this with you guys in the

52:37 future. But um, stop loss and profit target put in in the correct positions. uh to the tick. Perfect. So, this will be the first fully automated trade. I've had this test account that I bought and I've just been chopping it down to zero uh testing these things. But after a couple days of testing these, uh I'm going to open up another account and I'm going to be trading that seriously. And the goal is to never place a trade uh in the account and pass the challenge. Looks like so far this is working. So again, this isn't available to you guys just yet, just to frontr run that question, but it's something that we're testing is the ability to create indicators in Trading View or our partner Trendpider, send those to uh uh

53:26 Trade the Pool. Um so you can do just a little bit of autotrading for nerds like me. Very very excited for this. All right, got cut out of that uh COZ, so I'm done with her. She's dead. She's dead to me. I have I have no idea. Tesla down two out the gate here. Getting hit hard. Tesla down to 290s now. Yeah, below its pre-market low now. Ugly open here. Ugly open. Q SPY going down fast here, guys. Coke going down fast, too. It's an ugly ugly move here. VXX taking off a little bit right out the gates here to 48 uh 33s. Very little buyback action here. We'll

54:13 see what happens. Yeah, seeing just wipeouts out there, guys. That ARTL uh pulled back significantly also. We'll see if it recovers, but definitely pull back there. So, yeah, this is funny with Rocket Lab. It triggered a short right there, but because VWAP was was right there, it got in and out within a second, which um blocked looking decent there. Bouncing Q. Oh, I and Q. Same thing. Perfect. Perfect. Perfect. All right, let's take a look at the S spy here. undercut this not pre-market lows, but

55:00 the low right before this level right here. So, the question is, are we just going to do this undercut and rip through or are we actually going to test that because we didn't get anywhere near the pre-market low? I'm not even going to include that weird tick. So, I'm just going to put it right here. Um, but yeah, this was just the low from like the session right before we got started. Um, so that might take a little bit of a a rip and dip there. Nice little push there. just to see if that's one of those liquidity fades or something like that. So XYZ is a little interesting there. Did dip really significantly this morning, but already recovered that dip from 68. It's a huge dip there. Open and dip about about 80 cents there.

55:47 Actually, a full dollar. So I'm just watching it. It's starting to come back there. But so this would be the maybe the setup that we're going to because again this is going to be kind of setup two that I'm going to try to build into the system, right? If the spy does this undercut, not necessarily the pre-market low, but again this this important, you know, 830ish onwards low. Uh if it gets back through VWAP there, that might be an interesting one. And I'm going to probably just play that with uh TQQQ maybe at only one sector in the green today. real estate from the open. Everything else is down from the open. Yeah, nice healthy pullback. Let's see how low we can go. We still haven't

56:33 broken yesterday's low on the spy. So, that seems maybe we'll never do it during a market session. Gold down. So, gold down might be the bet. Maybe they're just going to gap it down one day and that's how we're going to go down below a prior day's low because we haven't been able to do it so far. You'd think at some point you you kind of have to, right? You have to take down the low from the day before. But I've just added TQQQ to that list as well just to see if there's um if we do get up and get through this VWAP right here, that will be the the trade to to take. watching uh

57:20 definitely some bull traps out there. Also some big spikes on the 15 minutes. So just be careful out there. We'll see what happens. But AU maybe to the downside today. Gold getting hit hard out the gates here. Watching some gold trade. And looking here in the sectors, of course, IWM getting hit the worst. It's what IWWM does. It gets gets smoked. Um Q's trying to recover. Midcap's trying to recover. SPY trying to recover. Dow is only down4%. So that's interesting there. Looking for a slight dip below 25 on the duster. The duster. Just got filled on this TQQQ play. Uh

58:09 you can see right here. Nice little green arrow from there. See if it gets to the 2-day VWAP. So, it should have put out the stop 84 or the order at 8433. And it did that perfectly. Oh, I'm excited, guys. Yeah, USD up. Um, the Dixie is something that I think is important to look at and important for the stock market. I bought a whole bunch of uh dollar futures against different currencies on Friday. And I I did a little video about that too, just showing that if you looked at the commitment of traders data, it everyone in the world is short the dollar right here, right at its lows. That makes me very interested to potentially buy the dollar. I I will

58:54 really get long if we get back to this 98. That's like where I'll go I'll go real nuts there. But the dollar is just important to note because it's going to move with the uh you know the dollar being strong is going to change the way certain countries or certain companies react. Uh you know again obviously going to be very important there as well. Right. Watching dust here. US. Oh, was it G? I would love a dip towards 25 here to buy in.

59:41 ETHU pulling back. That could be a look too. It's pulled back a significant amount from the high of last week, which was this 62 6150. It's bottomed out there off the 57. So, that's kind of your look right now. just trying to recover VWAP, a strategy that we like to look at. What's been interesting, yeah, is that Ethereum and Salana, at least right now, are actually doing better than Bitcoin, at least for a day. You know, it's not a not a huge, you know, amount of data, but it is doing better. Bitcoin's right on its lows for the days back at that 108. It just it seems glued to 108. Uh but Ethereum is not quite at its lows, right? A

1:00:27 little bit above the lows from the weekend and Salana a little bit above the lows for the weekend. So just showing that you know potential move into some of these these crazier kind of risk on riskoff coins. ANF doing good today off of that $90 bottoming in the morning. Already up there towards 92 93s. Um think you can jump on some apparel moves. Look at GAP. Remember I talked about the huge gap and gap pun intended. It is going for it. It looks like it just drove there 50 cents there. Not looking bad at all in gap. So um that's not a bad one to keep an eye out for guys. It's a a peril play here that is

1:01:13 actually making a move. Um, I actually like it there. Just recovered 2250. That would be kind of my risk on the swing trade. I might actually open a swing on that, but I don't know if I have enough to keep it rocking and rolling today. That much. I'd have to take like a smaller one and just let it kind of try to fill that gap. It's a $5 gap, so it's not like it's a small one. Yeah. on on something that's GA speaking that like it's a pretty boring right established easy to predict revenues type company. So that's that's an interesting that it gaps that much as well. So yeah and some strong action today on volume, right? So I like the hourly chart too. The hourly chart had a nice like trend line break off of the

1:01:59 2270s and it went straight to 23s. It didn't slow down there. And I think that's an important look here on the daily when you got all those bottomings around the the moving averages, all moving averages below and now you're making a top end Ballinger band. You got a nice contraction right before this. Now Ballinger bands looking like they're expanding into the move. Things you want to see, guys. All right, just got a bottoming on that dust. I'm going to take a little bit here, guys. I took 300 there. If it goes back below 25, I might add another 200. Taking a shot on Duster. Even though I like officially in summer trading. Yeah, that's right. Usually the uh it's July 4th to Labor Day. That that's the way people look at it for summer trading. So

1:02:46 again, summer trading just generally means things die out a little bit quicker. Uh the afternoons are generally just really really choppy. So make sure you're in, you're focused, you're you're making your money and and you're walking away, right? It's very important not to um Gap, you know, not to give that up. Strong move. It's a strong move from Gap today. Like ANF um a lot of like apparel, even Lulu to come back. I know that Lulu had that scare last week. Did it ever because they knew I took one discretionary trade. That's what that's what happens, my friend. It's just how it goes. It's just also Lulu's a fast mover, guys. You got to be careful with Lulu. How's Nike doing today? Still hanging

1:03:32 on. Still hanging on. Summer trading, baby. Isn't it exciting? Well, that's a thing. NBIO is the the penny stock of the day. That thing's continuing to rip. I talked about it right out the gates, but it ripped right before the gates. Just continue going higher. Yeah, that thing's nuts. All right, Dust, come on. Let's go. Gold down, baby. Gold down. So, that would be like an AU short GLD to come down here. Let's see what happens. How is GLD doing today? Not bad. Not bad. We'll see what happens there.

1:04:25 All right, guys. So, right back up there looking around. XYZ still doesn't look too bad. It's trying to hang on to that bottoming that it did this morning, but it's far from it. It's hard to buy it here. That's the hard part. Sometimes you got to hold off that bottom, but that was a nice little bottom right there. So, we'll see what happens there. SPY. Weird. Was there news on that XYZ? On that XYZ? No, I don't think it was. I think it was just a quick dip out the gates there. It was a good dip if you got it. I mean, right by the daily lows, right? Like, and that's just kind of that's the setup, right? So, that's what we have to that's the setup because Yeah, I see a world where where we spend as a group, as a chat, and we spend the morning just looking for

1:05:11 bottom. Yeah. looking for ones that have undercut their pre-market lows and we're

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