Bears on strike!

追加: 2026-05-07

[00:00:00]Hey guys, it is May 6, 2026 here with your after hours recap. We'll try to keep it short and sweet. Um, obviously you had some kind of big earnings still.

[00:00:09]Um, we are in the middle of earning season. You had a nice little gap up on um, FSLY. I did literally take some off at 268 right at the highs and we'll just kind of see what happens there. The more stocks get extended, the more I'm in the mood to trim. Um, NBIS was one that I also trimmed off some more today as you had a pretty big advance. Um, DELL was another one that I trimmed off today. I also got stopped out of LIT. I was using the lows of after hours yesterday. So, I ended up stopping myself out on that one. When that one was fading off, I um closed out a little bit more AOI as it was taking out a prior day low and the five simple moving average. Um, this one also has earnings coming up tomorrow, so it just felt right to derisk some of that position. I was in an SQ long. This ended up being a loss, unfortunately. I bought it yesterday. Um, you know, got hit in the gap down and um, you know, not really a whole lot to do. Just 46 bucks. I finally closed it off. Um, I had a short on AXTI at about $106. Um, I covered some when you got above VWAP. I covered them a little bit more. And then uh my last bit of shares I literally covered at the highs 10635. Yes, that top print was me unfortunately. And COR on the optic side uh gapping down maybe does not help these names um on the optic side in any way, shape or form. So for me it was just a day to lighten up a little bit of the portfolio. I bought one name VICR. Um, you know, not a bad, you know, five times its ATR from the 50. Looks like this thing could, you know, absolutely rip higher, but will likely need a market. I did not reby back any Rocket Lab. Very nice move today. Um, and that was just kind of it.

[00:01:58]I trimmed off a little AOI, did not touch Amazon. I trimmed off some ARM in after hours. Cipher, I still have Dell.

[00:02:05]I trimmed a piece off. Um, DOCN, that's right. I also trimmed a piece of this one off too. And boy, that was a little bit of a mistake, right? You started to basically break down a little bit in the morning and I was like, "Oh, okay." You know, kind of failing the um the um high volume close from yesterday. Did not stay patient enough, but it's not a big deal. Literally just took off onetenth of my remaining shares and it ended up closing. Fantastic. A name that I just kind of plan on keeping um hopefully for a long while. Um anything else? MP I still hold this one was really really nice today. Um Micron I still hold after yesterday's trims I I actually trimmed even higher into this Euphoria as well and after hours.

[00:02:49]So that was pretty nice. Um and then yeah MBIS I trimmed off and then VICR I trimmed off. I mean, I'm looking at like some of these names like Coreweave and you know, I had this thing at like 108 bucks, you know, almost up 30 bucks for my where I initially bought it and I ended up taking a gap down loss on it.

[00:03:06]That's kind of unfortunate, but you know, that is just trading.

[00:03:10]Um, and yeah, semiconductors continue to be your leading group. I think far and away when you look at um you know just names out there AMD pretty damn fantastic but 15 times its ATR from the 50 um you know on an earnings gap. I mean maybe it continues. Who the heck knows? But you know over time I would suspect that maybe it could. Wolf big bounce back you know that finished basically 10 times its ATR from the 50 ARM and after hours but also on the gap up with um with AMD uh pretty nice job.

[00:03:41]AOSL had a nice push but then gap down on earnings that's not too kind and you know a reason why you just don't want to buy ahead of earnings. You know hopefully um you didn't get caught in this um and just kind of going down the list. Rambus also had a nice day um up up double digits today. So that was really really nice to see. Uh computer hardware continues to be um you know a pretty dang strong group. I mean, we're not even really going to consider um SMCI, but but that was a nice one. And even in OQ, which uh had earnings, you know, tried pushing back above the 200, but on earnings, you know, um it gave gave basically all of that move back.

[00:04:19]So, um not a whole lot to make of it right there. And then what was the um one off the top of my head in computer hardware that didn't have too much of a pretty day? A net. Um, this one did not have much of a pretty day uh as well, but you know that that's just kind of the market that we're in. And then you've been having like these electronic components companies, you know, make some pretty dang big moves as well. FR uh FLEX um pretty damn fantastic. Um recently the um engineering and construction group STRL I mean just awesome, right? uh PWR just fantastic and that's just been um an unbelievable trend for some of these stocks. I mean, I remember looking at PWR down here and saying to myself, guys, I I really just hate channeling charts. I just don't love trading channeling charts. Why? And then it was funny because a few days later, you get this and you're like, see why I don't like trading channeling charts? bounces off the 50 tennis ball action right back up and then off to the races. Um, can't make this stuff up. And then even a name like PLL. I remember looking at this name and it just had a pretty nice base down here and then a nice high tight pennant. And I didn't buy it outside of that pennant, but whoops, that was a mistake. Uh, you know, 40% from there in no time at all. So, the market is just absolutely on fire. I mean, there's really not um you know, another way to put it. XLK today once again, you know, basically 10 times its ATR from the 50.

[00:05:54]You know, I made a video about this. SMH hits almost 11 times its ATR from the 50.

[00:06:00]>> It's never happened um since 2000 where SMH is this extended from the 50 simple moving average. So, I'm going to be completely honest with you. Whether or not we keep going higher, it doesn't really matter. you should already be in stocks. You should already own names.

[00:06:15]That includes semiconductors. Um, and this is just not the spot for new merchandise. Um, you know, if you're getting FOMO, you're doing your job completely wrong, and you just don't have as much love for your money as you should, don't buy names a day or two before earnings. Um, or or you can end up in a scenario like FSLY.

[00:06:35]You know, maybe maybe you bought it a few days ago, but then you're quickly needing to take your exit and a small loss on top of that. but also why if you get, you know, a 20% move, make sure you're paying yourself into this momentum burst. Make sure you're paying yourself um leading into earnings. If not, you know, this is what can happen.

[00:06:54]It's not saying it's what has to happen.

[00:06:56]Not everything is going to be like AMD is my point. Um anything else that was, you know, pretty dang fantastic. I mean, looking at XLY, XLC, I mean, none of this really just, you know, looks looks uh that amazing. This communication sector is still yet to break out.

[00:07:13]Although today fairly constructive. Um I would say just basically a hold of the 200 day a higher low and then you know you break out over a prior day high ugly close gap up. Also the nuclear stock CCJ I had this one on last night's watch list video. I I mentioned this basically as an ugly close potential for a gap up and that is exactly what it did. Really really nice to see that one work. And then MP on the rare earth side is the one that I personally own. So, um, but yeah, I mean, nothing really where I thought, um, you know, the market did anything, uh, quote unquote unusual. Um, Apple finally started to push higher.

[00:07:51]This is not bearish. Um, this is a new all-time closing high for, you know, a market behemoth. Um, Nvidia bounces right off the 20 simple moving average.

[00:08:00]I mean, I I I didn't reby this thing, but maybe today um, over a prior day high, it was definitely rebyable. Um, but I did not show up to buy it. In fact, I kind of closed it because it was acting like, you know, kind of crummy.

[00:08:15]Um, after I bought this thing on the 10th and it just really wasn't doing anything. Well, today it woke up in a big way. It had some news with Corning GLW. This one gaps up and this one's a little bit frustrating, too, because this is one that um I tried to buy off of the support gap and I literally I mean, I literally stopped myself out at these lows. Um, so, so to kind of see this one go and to not be in it a little bit frustrating, but what are you gonna do? That that's just trading. So, um, you know, I I was like thinking of today's thumbnail, um, when I get this video posted and and it feels like the market is so strong. Um, you know, the bears are about to start rioting here. I mean, there's got to be and I don't know again when it's coming, but there's going to have to be some natural pullback here soon. Um, you know, otherwise the more extended this gets, the more euphoric this gets.

[00:09:13]Unfortunately, the uglier it looks down the road. Um, you know, nobody really wants to believe that, but that's how it ends up looking. the more extended, the more stretched you get, eventually that pullback is more severe and lasts longer than most of us really want to deal with. Again, that's not me sitting here calling top. I'm I I I still have way too many longs um to be negative on the market. Again, I have AOI, I have Amazon, I have ARM, I have Cipher, I have Dell, I have Dawan, I have IGV, I have MP, I have MU, I have NBIS, I have VICR. I mean, I I could have rebought Nvidia and I had Nvidia. I I've tried to be in GLW. I could have rebought some Rocket Lab. I've tried to be in that name. I've tried to be in PL. Um I've tried to be in LIT. So, it's like I could have 20 positions open right now, but you know, I'm being a little bit more cautious at the moment for, you know, how wide of I mean, even GEV, right? Um I bought this name yesterday and today it gives a big shakeout. So, that wouldn't have worked for me anyway.

[00:10:19]put right into a support gap, holds right back up today. Um, I mean, just fantastic, you know, and so this is a name that I also tried to buy yesterday.

[00:10:28]Just didn't close well enough for me to want to keep it. Um, but again, that's just kind of the market that we are in at the moment. So, uh, tons tons of merchandise um, flying things are acting fantastic. You know, there's more themes waking up. Um, yeah, even biotechs are acting well. So, there's a lot out here uh to be optimistic about. On the flip side, you know, we've got 43 names, which is the most since this run started, extended from their 50 simple moving average. So, um you know, while there's not a lot of names apparently, um some people are are claiming that breath isn't that great. Um and I guess I should look at RSP quickly. I mean, RSP is effectively at a new closing high and QQQE um is is is amazing. So, I'm not going to claim, you know, breath is an issue.

[00:11:20]So, I I see plenty of stocks going up.

[00:11:22]The question is what do you buy? How do you buy it? Where do you buy it, etc. Um, the more extended you get, the more dangerous it does become for brand new merchandise. Um, but yeah, I mean, again, market continues to be pretty damn phenomenal. I'm not trying to argue with that. I'm just trying to get in line with reality. And, um, yeah, hopefully you guys have been kind of staying out of harm's way. I did put on one brand new position, VICR, today. And I did go ahead and start to trim into an AOI because they've got earnings coming up. Um, and then trim into some of my extended names. Um, do again, I I I almost hated to do it, but I did it anyway. Just another 10% of what I had left. Um, and I've got a $79 cost basis on that name. So, I am up 100% on that name. It's just been unbelievable. And, you know, hopefully some more uh to come with this one soon. I mean, I already thought April was a great month, but it continues to get better. Um, even if I end up closing uh this position in May.

[00:12:22]Um, I didn't open it in May, so it it will kind of count for um for April. But honestly, just such a just such a phenomenal um past six weeks of trading.

[00:12:33]I don't want to take it for granted. I want to make sure that I'm trimming into extensions, trimming into euphoria. Not saying sell at all, but make sure that you are trimming. Um, and then also for those of you guys who um weren't on stream today, um I did uh have the pleasure of speaking with George Coyle. He is the co-author of the new Market Wizards uh book with Jack Schwagger. Um so I will kind of get that posted either in the Discord. I'll also get it posted um on X and on YouTube as well for anybody um who wants to check that interview out.

[00:13:08]Thanks again, George. um if in case you see this video, it was definitely my pleasure to get to talk with you and, you know, dive into the minds a little bit of the market wizard. So, um yeah, again, hopefully you guys are all trading well. I guess I could quickly bring it up. The only two groups that did not act too great today, XLE off the top of my head, and then XLU, that one was, you know, a little bit more poor as well. So, utilities, energy, a little bit of a breather, but yeah, we'll just continue to take things one day at a time. As I always say, what stocks are you buying? How extended are they? What setups are you using? How are you managing risk? What are you asking from your stock by the close if you choose to keep it? And uh we just take things one day at a time. Anyway, I will see you all bright and early tomorrow morning.

[00:13:53]Cheers.

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