Bears ready to fight back?

Added: 2026-05-11

[00:00:00]Hey guys, it is May 11th, 2026 here with your after hours recap. So, in particular, names that have been acting well on earnings, are continuing to act well on earnings. Um, names that have taken a little bit of a breather are continuing higher out of clean consolidations. ADI being one of them.

[00:00:18]You know, TXN had a really nice gap up on earnings also continuing higher despite the fact that they might be a little bit extended. Um, they continue to just trade higher. That is obviously really nice to see. Today you saw a little bit of a pause in Google. Can't really make too much of that, right? You lose the fiveday, not that big a deal.

[00:00:36]Um Amazon is one that I own. Not that big a deal. Because on the flip side, what's happening? Money is going to other places of the market. You know, UFO being one of those um with Rocket Lab on a huge huge push uh for earnings.

[00:00:51]You're also seeing PL act pretty dang awesome. you are seeing um LUNR act pretty dang awesome. You're seeing HWM act pretty great. So, you're seeing some, you know, it's it's not necessarily ideal. Um that that maybe all of the S&P 500 sectors aren't going up and and obviously that's completely unrealistic.

[00:01:15]You know, I could look at a negative and say, "Oh, well, uh you know, financials aren't doing that great." But semiconductors continue to lead names that are, you know, in leading groups like semiconductors. NBTS obviously did a mix shelf in after hours. But beautiful, beautiful uh big push up, sideways consolidation. You guys probably hear me say sideways a lot.

[00:01:35]That is exactly what you want to see after a really big push. And then on, you know, taking out Thursday's high on Friday. Really, really nice job in two days going up. I mean, 40%. You really can't ask for too much more. AEHR nice job, you know, making a big move up, effectively finding support on the rising 20, going sideways, and then today, um, a new high. Also, the optics names woke up today in a pretty big way.

[00:02:00]LIIT, that is not negative, trading out over $1,000 into new all-time highs. CEN, same story, new all-time closing high. GLW, new all-time closing high. AOI, new all-time closing high. I mean, these things are just absolutely fantastic.

[00:02:17]Again, a little bit of a pause today in Google and Amazon. Not a big deal.

[00:02:22]Little bit of a, you know, 08% day when we're all used to like double digit days um in in what is uh AMD. Not a big deal.

[00:02:31]But a Tesla picks up, you know, kind of some of the slack on what, you know, maybe a few other names are doing. Could the market use a little bit of consolidation? Of course it could. But I I look at um positioning and I say to myself, look, you're extended on the cues. Absolutely. You're doing something that has never happened um ever on the cues basically where you're 10 times its average true range, you know, going all the way back to the.com bubble. And yes, could could you use a bit of a breather?

[00:03:00]I think we could all probably agree that some sideways and a pullback when it if and when it happens will will hurt.

[00:03:08]It'll look crappy. Everybody will call that as the top. etc. But it doesn't look like when you look at let's say K data that you know there is a ton of participation in this market. I know that's kind of sound sounds crazy when you look at individual names but that's just what it is. NIM active money managers obviously um you know they're definitely invested. It was nice to see today some silver um acting pretty dang good with a gap up and and I would argue that NEM looks great in this group. uh baric gold. Um I mean huge beat, you know, nice push pick up in volume back above the 50, double bottom on the weekly, holding the 200. I mean, all the good stuff. And maybe those names can get going soon. Um and then you kind of just start to look at uh copper and you say, you know, copper, copper also acting pretty damn good. Now, a little bit surprising because I thought SECO was going to be acting a little bit better today. I thought HBM on the copper side would be acting a little bit better today. Not quite. Um but we'll we'll give it the benefit of doubt for just a day and we'll see if these things can, you know, kind of bounce back um tomorrow. But these things look awesome.

[00:04:20]I mean, it's such a strong market out here. You know, NQ is ripping back above the 200 at the moment on a big pick up in volume. I mean, you even had QUBt on earnings, which absolutely uh is a is a crummy name, back up against the 200 simple moving average. I mean, you know, as much as I crap as I want to talk about these stocks, you know, they're they're on the move. So, you know, you're you're basically, you know, starting to push back up on some of these things, you know, who am I to say that that these names can't come back to life? They they very well can um for all I know. So, semiconductors obviously a little bit extended. Again, when you look at the SMH, you know, we're up there, right? We are we're up at nosebleleeds. I wouldn't suggest that anybody start looking for brand new semiconductor merchandise up here, but a group like uh maybe NLR for the nuclear side, it doesn't look that bad. Big big base. And do we start to see a push out of uh let's say a Kamico? That'll be pretty interesting. I look at a name like NXE. Uh does this big base start to push? I mean, it's possible. One of the things that we've seen is just these groups in particular um you know kind of power names um they're just kind of working themselves h higher right it it it becomes kind of the theme where how do we power some of these data centers that's why you've seen such strength in bloom energy right you're seeing this big strength in tan all right is solar going to be one of those ways well nuclear feels like that could be another um another way as well so that's kind of interesting from that perspective Like I keep saying, maybe the market wants to take a a little bit of a breather, but who the hell knows if that's going to end up being the case.

[00:06:02]Um, one of the leading groups today, obviously, as we mentioned, silver SLV without question. One thing that I find pretty interesting is USO is not going anywhere. Literally not going away and sticking around and and ultimately it's it's not putting real pressure on the market. But what it is putting pressure on is possibly the consumer. Um, and the consumer, you could kind of start to see that even in the food stocks, right, where you're just like, hey, it doesn't look like people are going out to eat based on some of the price action in Wingstop. It doesn't even look like people are going to get their McDonald's, which is just nuts to say. Um, and then if you look at some of the clothing stocks, obviously names that had been working themselves higher for a little while are just completely unwinding some of that move.

[00:06:49]you know, whether it's just because AEO, you know, is a total stock or or maybe the consumer is a little bit pressed, right? You even look at some of the travel stocks. Now, I'm gonna, you know, just say that maybe these could be a little bit more related to um to the price of crude. Del uh Delta Airlines doesn't look all that bad. Um LUV, you know, maybe not looking as great. RCL on the cruise liner side, you know, does not look that great. below the 200 maybe maybe maybe a late stage base on some of this stuff. It has been in an uptrend for a while but uh yeah it's it's pretty interesting development kind of going on in the market right now. The the retail side of things um you know not acting best when you maybe look down at the consumer but when you look out at this data center buildout um names you're just still getting some really nice price action. Not nice price action from everything, right? There is an AET uh going on for like every, you know, for every massive move there is an AET, but uh I mean, you've got you just got some super nice action going on in a bunch of other earnings gap ups. I mean, you just got your list of just earnings gap ups just going kind of ballistic. this flex and and here's an EVC and AI is acting awesome and AO is acting pretty great and MXL has been pretty fantastic and yeah I mean you just go down even your list sterling infrastructure looks pretty good and Twilio's been I mean just go down your list of names that have gapped up on earnings I mean they're just going nuts right now XMTR is another one HIMX another one I mean the list is huge stocks are acting fantastic on the back of earnings And I keep kind of going back to the idea of look, the market eventually is going to pull if and when it finally pulls, those are the names you want to be focused on.

[00:08:40]The names that have gapped up on earnings, that's your watch list for the next, you know, three to six months, right? Names that have gapped up. Names that have gapped down, that's not to say they can't go come back. And I kind of made a post about this. You know, you look at a Cisco and you say to yourself, okay, you're running up pre-earnings just before earnings or just after earnings, you get crushed and you don't have to like go looking for this low.

[00:09:01]You you wait for them to go sideways.

[00:09:03]You wait for them to start building higher lows. You wait for them to be above all key moving averages, get nice and tight, and then if you bought this on the 16th, fantastic. It's been great ever since. It's the same thing, you know, with an AET where you go, you know what? I I don't have to nail um you know this low. Just you know let it pop back up. Let it build some higher lows. Let it build side side sideways. Let it get reaccumulated and then maybe AET wants to go higher. It's the same thing with net. And that's the same thing. TER is the same thing. You don't have to necessarily go fishing for the lows on these things. You get a nice push pre-earnings. You gap down then you build out for a little while and then you turn back up. Um that is kind of like a simple playbook instead of you know fishing for the lows, fishing for the lows and fishing more for lows. Um you know just let them get reaccumulated after the earnings gap down. Let institutions give you a tight spot to get you know kind of on board with a chart. Um and in a group that's still acting well. Cyber security um be remiss if I didn't talk about this group. I mean absolutely powerful once you got back above the 200 simple moving average really really nice to see. PanW is another one of those names. Super strong. FT&T really nice gap up on earnings a few days ago and a beautiful high volume close setup. So just nice action uh from that group and you know just take it one day at a time. You don't have to be in a rush. Look, if you miss stuff um not a big deal if you've done your job over the last six weeks you should have positions on and um you know at least for myself I don't I'm not necessarily rushing myself back into a bunch of new positions. I am personally just waiting for the market at some point to give a pull, give some digestion and then if and if if and when on that pullback I start to track some relative strength um names that are acting best during some market consolidation. Otherwise, I think you know just letting your names that you do already own for the last couple of weeks just continue to let them work and we'll kind of see what the market wants to do from there. But I don't really see any reason to um like you have to own brand new merchandise here. Look, I get it.

[00:11:05]FT&T's been great. Rocket Lab's been great. Lunar was good. PL was fine. Um, Nvidia off the 20 was good. I mean, there's just been there has been things to buy. Um, but if you're just okay with letting the names that you have work, continue to work. Like, I look at my dock and I I'm not sitting here in any way, shape, or form going like, "Oh man, I I got to get rid of this thing." No, I'm just going to continue to let this name work so long as you continue to trend. And if and when it wants to tighten up, if and when the market wants to pull and this thing can build a little bit more sideways or build a set of higher lows, then I'm happy to add some back >> and add some more onto this super powerful name, which I think can go a hell of a lot higher um at least based on market action, right? Um, and then on the flip side, you know, there there are names that I look at and go, hey, if the market starts to pull, you know, we've got something like Palanteer, which is just acting god awful below the 200, below a flattening 50, building lower lows or building lower highs. I mean, just terrible. And the moment that the market pulls, this is the exact kind of stock that I would want to short. And then maybe it's kind of an in between.

[00:12:15]It's either names that have already been showing relative weakness or names that are very very extended from their key moving averages as some mean reversion.

[00:12:23]But uh yeah, that's kind of it for me.

[00:12:25]Hopefully you guys have been trading well. There's still tons of stuff going on. You know, final point um S&P 500, I mean XLE, your leading group today, tech, XLK, um another one, but I I'm not over here looking for tons of tech exposure at the moment. Materials fine, XLB, uh industrial fine.

[00:12:45]And um you know that that's kind of it.

[00:12:47]Financials a little funky. Uh healthc care a little funky. Uh consumer discretionary, consumer staples, you know, just kind of passes for now. And uh yeah, we'll see kind of where the market takes us over the next couple days. It's been an absolutely uh wild market, but just one day at a time for um you know, more and more setups to appear, especially after the market gives us a little bit of a pull. We should know what stocks are hanging in there the best. And those are the names that you definitely want to focus on.

[00:13:14]Continue to focus on names that have gapped up on earnings and not down on earnings. Otherwise, you're focused on a name like ANAT when you should be focused on a name like Pick One um that has gapped up. So, and there has been tons of names that have gapped up and are acting really well on earnings. So, again, hopefully you guys are trading well and I will see you guys bright and early in the morning. Cheers.