Which Trade Setups Still Deserve Focus This Week?

Added: 2026-05-11

[00:00:00]So what that means is that we have a very narrow market. It's a very crowded trade. There's not a lot of participation in this particular move and that is uh you know generally speaking that is not a healthy sign here for markets to see such strong moves that is essentially being led by a very small subset of the broader markets.

[00:00:21]These are typically conditions that set up for what can be quick and fast violent sell-offs here in the broader markets.

[00:00:36]Okay, good morning and welcome back everyone to our Monday morning market outlook session. My name is Tony Zang.

[00:00:43]the chief strategist here at OptionsPlay and we're kicking off this week on another restart of the geopolitical tensions in the Middle East after what has been a really strong week in the equity markets.

[00:01:02]S&P and NASDAQ closed at fresh records on Friday, which gives us a six consecutive weekly gain, the longest streak we've had in quite a while. And last week was certainly a week with plenty of volatility, but we really capped it off with Friday's job report that came in substantially better than expected. 115,000 jobs versus the 65.

[00:01:28]That was the consensus with unemployment being held at 4.3%.

[00:01:34]And the tape was somewhat dispersed. We had certainly plenty of upside coming from the tech space, but at the same time, you saw Palunteer fall nearly 7%, Shopify down 8%. Um probably I think one of the most um interesting cases that we saw last week was Whirlpool came out with uh you know a pretty pretty uh um what's the right word? downbeat view on what 2026 was going to look like for the consumer as a result of tariffs, as a result of higher oil prices and their expectations for consumer spending at least within uh the durable space. Um that stock was down 12% giving um a view into how the consumer is currently shaping up. Planet Fitness down 33% here. And then on the flip side, you had stocks like AMD, Micron, SanDisk, all up 15, 18% here on what is again further increased demand for AI infrastructure that continues to be the leading trade in this particular market. Now, probably the biggest concern that I have here with the broader markets right now comes down to the fact that we've had this really big move here in the S&P 500 that has essentially been um a a very narrow trade. It's been a very crowded trade within the AI space that's been driving this particular move. Um and this particular move, you know, we're now talking close to we're now stretching close to 20% from that uh end of May uh end of March low to where we are right now. Equity markets have rallied nearly 20%. Yet um that leadership or or the the the this particular move has largely been driven by a single sector which is tech and more importantly uh within tech it's really a specific industry semiconductors that have been driving this particular move. So what that means is that we have a very narrow market.

[00:03:57]It's a very crowded trade. There's not a lot of participation in this particular move and that is uh you know generally speaking that is not a healthy sign here for markets to see such strong moves that is essentially being led by a very small subset of the broader markets.

[00:04:15]These are typically conditions that set up for what can be quick and fast violent sell-offs here in the broader markets. However, I do want to remind investors that when you have crowded trades like this, it doesn't have to resolve itself by seeing a quick fast violent pullback or consolidation. Even though statistically speaking this bearish counter trend signal that has been generated on SPY on QQQ both of these countertrend bearish signal simply state to us that statistically speaking a move of this particular size uh statistically speaking is more likely to be um followed by some level of a pullback or consolidation before it can continue moving higher here. Now, like I said, there's really two ways this can resolve itself. It can either pull back and come back to where the rest of the market is or the rest of the market can play catch-up. And that is where I turn to looking at small caps, looking at equal weight. If you look at the equal weight S&P 500 index, you'll see that we've had a nice rally here off of those lows. But as you can see over the last nearly 3 weeks or so uh the equal weight S&P 500 has not made a new high along with the rest of the market. Now we did see in the middle of last week what looked like the start of what could be the potential catchup from the rest of the market. Uh if you see I think this was Wednesday's candle. Uh intraday we made a new all-time high. Technically, if I'm not mistaken, we did have a record close.

[00:06:11]Um, but as you can see on Thursday and Friday, even though the S&P and the NASDAQ continue to power its way higher here, the equal weight S&P 500 failed to break out to new all-time highs. So, this is really where I'm focusing more of my attention on this particular week is on the equal weight S&P 500 than on the actual market cap S&P 500, which at this stage is simply being dragged higher by the the the big tech names while the rest of the market is essentially being left behind. Um, now like I said, there's two ways that can play itself out. either the tech semiconductor names fall back a little bit, find some consolidation while the rest of the market plays catch-up or the rest of the market actually out starts to outperform when we see a rotation. And that's largely what we saw from call it December through the beginning of the Iran war was that during this stage between call it December and March this 3month period technology was actually lagging behind while the rest of the market were playing catch-up. Now that fell apart here during the Iran war and so far that has not quite emerged in terms of that outperformance from the rest of the market. So, that's really kind of what I'm focusing on this particular week going forward as to whether or not the market can play catch-up here. And if it does, that actually sets up a really bullish setup here for the broader markets because the S&P and the NASDAQ have generated this uh double top bullish signal. Uh, but the rest of the market has not played catch-up here. IWM small caps have started to show a little bit of leadership. We'll see if it can continue showing that level of leadership. As you can see, small caps looking a little bit better than the equal weight S&P 500 made a new all-time high back here in midappril. Came back to retest this level as support at the end of April and over the last couple of weeks is actually started to outperform a little bit. So, these are the things that we're really paying attention to here right now with the broader markets.

[00:08:29]Now when we look at kind of where we currently sit here, we see quite a few different themes that are starting to emerge from this particular market right now. We have a much more risk mild riskon environment because of how narrow the leadership is. And I'll kind of show you what that looks like. Right now cyber security is definitely one of the cleanest themes. We've highlighted um uh Crowdnet um uh Forinet and a couple of other names in our daily play trades over the last couple of days. We also had Data Dog um which was on our daily play which was up nearly 30% here the other day. Uh you have AIS's uh AI and semis which is the the largest group within the leadership space. uh TSM, ASX, uh quite a few of them are still in kind of that leading category here, even though quite a few of them have dropped out. Um what's emerging recently over the last couple of days have been Apple and Tesla. Out of the MAG 7, most of them have dropped out with the exception of Apple and Tesla are the two that remain in the outperformance category. And we see some um insurance and pharmacy names like CVS and and uh Humanana that have continued to join kind of the confirmed outperform category. But at the same time, there's a lot of caution because the MAG 7 has continued to worsen. Uh Alphabet, uh Oracle, Meta, Microsoft, a lot of these names have started to break down here.

[00:10:04]We saw last week's um decline in cloud flare uh you know show some some weakness here within tech and then broadly if you look at the sector ETFs financials healthcare energy industrials uh communications um even even energy and industrials have all joined the underperformed category the lacking category here so across the board equal weight Dow Jones total market. These are all sitting at underperform relative to the S&P 500. So that's not necessarily bearish. It just means that the broader markets are underperforming the the S&P 500. Um and then uh the banks across the board financials showing a lot of the big names JP Morgan, Bank of America, American Express, Visa, you know, these are all joining the confirm lagging category here. So if you look at kind of the balance of of where things sit, you know, where's the money flowing? Uh they're flowing into cyber security, they're flowing into AI or remains to flowing into AI even though it's somewhat limited. As you can see, the number of stocks kind of in each of these categories are relatively low. Mag 7, you really have Apple and Tesla as kind of the sole leaders in this particular space. And then healthcare and pharmacy, we're talking one or two names in this particular place. But then when you look at kind of where the pressure is, you know, the broad-based ETFs, five out of 11 ETFs, um, you know, with three of them that are new this particular week, you look at healthcare, there are 31 confirmed lagging names in the healthc care sector. In the banks, 25 names that are in the lagging category with 10 of them that are kind of um, seven of them that are new, 10 of them that are building, 25 that are confirmed. Um, within the energy space, we're also seeing obviously last week with what looked like the path to somewhat some deescalation in the Middle East, we started to see more of the en energy names starting to lag behind.

[00:12:10]We'll see if that continues this week.

[00:12:12]Obviously, over the weekend, the news suggests that there is a further escalation. Um even though escalations at this stage have not derailed the overall markets and they haven't necessarily generated a bullish view here on energy. Um uh but but you know over the weekend we certainly have headlines that are not necessarily heading in the right direction with regards to um the deescalation in the Middle East. So, when we look at kind of the leadership versus the pressure at a glance, you know, we have 41 outperformers this week, we only have one name that's in the early breakout, which is Tesla. We'll take a look at that here in a minute. Uh we have five stocks that are sort of in that building um category. We have Apple. We have a couple of financials in here, but kind of really spread out across the board.

[00:13:07]And then we have 35 names. Most of them are within sort of the tech space. the the vast majority of them are in AI, cyber security, cloud software, networking and hardware. And then you have a few in in the other spaces other than the mega cap like the Q's, um XLK, semiconductors, emerging markets that are still in the leading category. But when you look at kind of the lagging category, um looking at the confirmed lagards, you see it across the board, healthc care, financials, industrials, utilities, consumer discretionary, consumer staples, energy, communications. Um you know, you just see it and you look at kind of all the kind of the bond ETFs, the value ETFs, the sector and index ETFs. These are all, you know, segments of the market that are underperforming the S&P 500.

[00:13:53]And this continues to grow week after week. And that just shows you how narrow the markets are. But again, I remind investors that because the markets are narrow, it doesn't necessarily mean that we're bearish. It just means that the statistically speaking, we're in a phase where there's a much higher probability that the one sector that's leading this market higher sees some form of a pullback or correction or consolidation at the very least. Um, and the other way that this can play out is that all of these names that you're seeing here starts to play catch-up, right? Um, so, you know, if these names start playing catch-up, you have a lot of bullish opportunities that will present itself in the broader markets. And that's what we scan for every single day and get a sense for how this is changing and present to you some of the top ideas on a daily basis. And on a every Monday and Thursday, we give you that broad snapshot of where things are currently sitting. You have quite a few names that are starting to build that weakness.

[00:15:00]Obviously, the energy space. Last week saw a lot of stocks entering kind of that building weakness category.

[00:15:06]Financials, consumer stocks, and then early breakdown. We have some of the Canadian US regional banks, some of the tech stocks like Microsoft, Arista Network, Cloudflare, uh, that have started to enter that kind of breakdown category. So, um, you saw the back seven kind of get off the board here and we'll take a look at our top seven ideas for the week. Five of them that are on the bullish side, two of them on the avoid side. And you can see the list of all the stocks here uh, in this week's movers. So all the stocks that are in our um outperform category, you can go to your watch list and um within the options play platform.

[00:15:48]Uh hold on, let me just refresh my screen here.

[00:16:00]Um, okay. Um, I will get that watch list back up and running, but it looks like we just accidentally deleted that watch list. I will make sure I get the both the the outperform and underperform watch list back into uh the watch list here in just one second. Um, okay.

[00:16:23]But you will be able to see all the stocks in uh in you know these lists uh on the options play so that you can immediately look at these specific names. So let's take a look at kind of the top five names that I think are worth paying attention to here right now. The first one I want to take a look at here is Apple.

[00:16:41]Um I'll move this off the screen here and bring it up.

[00:16:52]So Apple has been let's call it rangebound here between call it 250 and uh that 280 290 285 level here for the better part of 67 months now. Um and it just started to break out here to the upside and this was you know from a period where the stock has been sort of outperforming between uh that 200 and 2880 level here. It's been trading sideways for a period of time of about six, seven months and now starting to break out here to the upside. There's obviously, you know, the iPhone has continued to perform incredibly well. The Macs have been going gang busters with uh either the Mac Mini um from people using AI models and and running kind of a dedicated computer for doing that to the Mac Neo that have that have completely sold out and of doing a lot better than I think Apple even intended. And right now there's a lot of um hype around Apple's uh developer conference that's coming out in about a month from now with regards to u you know finally Apple potentially catching up with sort of the AI tools that they promised back in the iPhone 16 that have really uh sort of fell back behind with regards to uh their leadership within and AI to the um you know the expectation of both um you know Apple glasses which are going to compete with the Meta Ray-B bands as well as um as well as you know a flip phone that people are sort of excited about that might refresh the iPhone uh product line. So there's just at the moment quite a few interesting irons in the fire with regards to Apple and new change in a CEO. Um you know continuing to do relatively well from a margins perspective. They have we've actually seen an increase in net margins to 27% from you know what was about 24% just a a couple of quarters ago. Growth has kind of gotten back into the double digit space. We're talking about EPS and revenue growth. That's kind of gotten back to 12 1.5% 10% from what was this starting to dip into the low single digits. It's expensive stock at 33 times forward earnings. But with the margin expansion and the growth that's continuing to accelerate again, I think that's really what investors are paying attention to and why we're seeing Apple trade at new all-time highs. And this breakout here, this double top breakout, you know, starts to project uh, you know, a 305 upside here for uh, for Apple in the short run. So, I think Apple worth taking a look at, which is why it was recently highlighted in our daily play. The next one I'm going to take a look at here is Tesla.

[00:20:05]Um Tesla, this is a stock that has underperformed a little bit here in the last few months, but uh you know, we saw this kind of bottoming formation start to put in place over the last couple of months, and now we've kind of gotten that breakout here above that $400 level here. We'll see kind of how far this can get going here to the upside. Um, but the idea is to see if we get a retest of 400 and can potentially revisit that 500 upside here for Tesla. Tesla by all means an expensive stock trading around 215 times forward earnings. But I think we've at this stage recognized that Tesla does not trade on the the normal fundamentals that every other company seems to have to abide by. growth expectations are looking, you know, quite a bit stronger here compared to a couple of quarters ago. You know, net margins have certainly compressed and that's probably the biggest risk here is just the overall competition within the EV space. There's obviously a lot of hype around robo taxi humanoid AI that Tesla continues to trade around. We'll see if that can that can have a a play in this. But, you know, short term, this is really more of a momentum play. The bearish trend that has been in place for the last four or five months have clearly started to settle in and have reversed back into a bullish trend. So, that's why we are highlighting this particular stock. Next one I want to take a look at here is Rocket Lab.

[00:21:48]The space satellite space has been recently lit up uh obviously with the expectation of a SpaceX IPO later this year. Rocket Lab um as you can see has been uh you know earlier this year we actually highlighted Rocket Lab when it reached sort of this $100 area when it triggered some of our bearish counter trend uh signals here. The stock pulled back after triggering those scans have traded sideways here over the last four or five months here and it's just started to break out here to the upside. Um they just reported earnings. Um the stock came out better than expected and they they are you know they certainly seem to have um you know been on a on a tear with regards to both defense contracts as well as just the overall um growth of their of their platforms. Um starting to see some some interesting plays. Now, Rocket Lab is not profitable, which is why valuations on this particular stock is a difficult one at the moment. Um, this is another one that's really at the moment trading these these space related stocks are more trading on hype I would say than real valuations. But, you know, revenue growth is expected at around 40%, which is uh obviously strong. you know, we want to see strong organic revenue growth uh at this stage to to justify any form of of valuation. And at the moment given the fact that revenue growth is expected to be incredibly fast and and that coming from kind of US defense um as their as as a as a main driver of revenue is obviously a much more stable revenue growth for them. And that's part of why Rocket Lab um seeing that upside 35% on Friday. Um, and despite that, we're seeing uh we're we we like this particular stock, especially since it broke out on such high volume. That's um a good sign here when it breaks out to new all-time highs uh above that double top on strong volume on the back of a catalyst.

[00:24:17]And the next one we take a look at here is Applied Materials.

[00:24:21]Applied Materials has really been more of a slow steady growth here to the upside. As you can see, just a big strong move here to the upside. Uh recently kind of uh consolidating a little bit below the $400 level here, but now breaking out again here to the upside. That breakout here above 420 is what we were looking for. Our upside target here is around 500. and uh applied materials continues to capture more than 50% of the tooling required for high bandwidth memory. So when we see Micron continuing to power higher here and last week um we highlighted Micron I think when we highlighted it was a $600 and something dollar stock and by the end of the week it was a $700 something stock. Let's see where did we close on Friday? 746.

[00:25:13]um you know last week when we talked about it was just a you know around a $600 stock and by the end of this week we're talking about $700 or $750 stock.

[00:25:21]Now if you look at kind of the growth of high bandwidth memory whether it's Samsung and Micron um HG Highix out of South Korea you know more than 50% of the uh of the semiconductor equipment required to build that high bandwidth memory is is built by applied materials. And that's why even though the memory stocks have gone parabolic, Applied Materials is still kind of on this slow steady growth here to the upside. And that's really where we see um further uh further upside here for Applied Materials. They've grown um profitability by quite a bit here over the last couple of quarters. We're talking about 27 28% uh net margins which is much higher than actually the the memory makers themselves. EPS and revenue growth is in a very healthy 17 you know 15 to 17% range. It's not a cheap stock at nearly 40 times forward earnings. But this is really where with um with kind of their more subscription revenue model with a 27 28% net margin that that justifies a or that that can support a valuation in that 40* forward earnings range especially given the fact that most of these memory stocks have been completely sold out through 2027 and there's a lot of visibility into that revenue growth and that's really why stocks like applied materials continues to be um a a driver in this particular space. The next one I want to take a look at here is CVS.

[00:27:10]And CVS recently broke out here to new highs after forming uh you know if you if you if you zoom in if you zoom out a little bit you know this is a stock that has been sort of rangebound. Whoops. I don't need all of this.

[00:27:27]Um, this is a stock that has been ranged around here between 70 and 80 for the better part of nearly a year, right?

[00:27:36]This stock kind of entered this area back here in uh late uh summer last year and it's been rangebound since then and it just recently broke out here. And if you look at the breakout here, broke out above 80, came back to retest this level of support, and has just really taken off here in the last couple of days on really high volume. And that's really what gives us the confidence that this can still continue to run. As you can see, it did generate the short-term bearish counter trend signal. And what that bas basically tells me is that statistically speaking, this has been a very stretched run. Shortterm, I would be looking for maybe a pull back into that $85 range. Maybe even uh filling this gap here into that $83 range. That would be a really strong risk-to-reward from an entry perspective. So, I wouldn't chase this particular stock, but it's on the watch list over the next couple of days. If you see this generate a a buy signal here, we will likely be highlighting it in our daily play. But this is really where patience is going to be more important than um chasing these specific moves which is a pretty good segue into you know the lessons that we learned last Thursday uh on our session called stop chasing trades for the month of May. Our focus is on helping you uh on to stop chasing trades because we have no shortage of ideas that cross our desk on any given day.

[00:29:06]What we need to help, what we need to build is a process for evaluating these ideas as to when is the optimal time to pull the trigger on a specific idea or a way to filter through the hundreds of ideas that come across your desk to find out which ones are worth your specific capital. So, if you missed Thursday's session, I highly recommend that you go and watch that recording and come back this particular Thursday as we f as we continue that lesson here for the month of May to help you uh learn how to stop chasing trades and how to start applying your capital to the trades that are most efficient um in terms of for your capital. The next one I'm going to take a look at here is Pepsi. Pepsi has over the last couple of months really started to struggle here. As you can see, it started to break out here above this 160 level. We actually highlighted it when it did, but after it broke out here, it really just started to fail. Um, came back to retest this 160 level, failed again, came back to retest it again, and has really been trading in a very tight range between call it 160 and maybe 153.

[00:30:20]If you look at the relative performance here, this leads me to believe that this consolidation period will resolve itself here to the downside. So, we're looking for, you know, a revisit back into the 145 range. That's sort of our immediate downside target here. If we get down to 145, we could see some further downside here. Pepsi trades at a, you know, essentially trades in line with the industry, but growth expectations are a little bit slower. net margins are roughly in line with the industry, but it's it's the type of stock that, you know, we're we're entering an air a time where consumers are continuing to get stretched and especially the lower income cohort. We're seeing further pullback in terms of of spending and not to mention the weight loss drugs um have continued to pressure sort of the snacks and and sugary beverages industry. And this is really where we're starting to potentially see some consolidation in this particular space. And the relative strength here in Pepsi leads me to believe that this consolidation right now is more likely to resolve itself to the downside than to the upside.

[00:31:43]The next one I want to take a look at here is John Deere. John Deere in the industrial space from a charting perspective looks somewhat similar to Pepsi. Uh but you know really more of a you could call it a triangle, you could call it a wedge, however you want to. um draw your specific lines. You know, we're essentially entering the apex. And the question is, does this break out higher here or does it break out lower here? And when you look at the relative strength here of John Deere, which is continuing to deteriorate, that leads me to believe that there's more of a distribution phase right now than an accumulation that we've been seeing here over the last few months. Um, and my view is that the $600 level here that it failed to break out back out above leads me to believe that we're more likely to revisit um, uh, the 515 level here to the downside. Uh so a fairly substantial downside here for John Deere trading at a significant premium to its peers about 32 times Ford earnings versus around 23 for the industry where growth expectations are actually coming in either in line or actually below their peers and profitability is largely in line. Yet it trades at a nearly 50% premium relative to the industry. And that's really where the downside risks lies is in stocks like this that are currently trading in that premium where there's clearly some level of distribution here on the specific stock and with the relative poor performance.

[00:33:16]My view is that we could see some further downside here. So this is just a really small sampling of all the stocks that are in the research report that we put out here. And just a remind for those of you that are, you know, relatively new or coming to options play here for the first time, this research report that we put out every Monday and Thursday gives you a very comprehensive view of what's outperforming and what is underperforming. It kind of it takes instead of just seeing, you know, five or seven stocks that we're highlighting, you can see every single stock that has triggered, you know, these specific categories. Essentially what they are are leadership positions and stocks that are under pressure and they essentially are stocks that start in the early breakout category like Tesla and then if those if those stocks start to break out and confirm their moves they move into what we call building leaders and then once they uh and then they can eventually move into confirm leaders.

[00:34:16]So, what we're really looking for are, you know, what stocks are starting to break out like Tesla. Are they moving up uh, you know, into the into the building space and are these and do they eventually make it into the confirm leaders? Because those are the ones that will generate the most returns for you in the long run. Stocks that and and you know, stocks many times will drop out, you know, in that early breakout. They, you know, they end they they have that early breakout here and then they kind of fizz out, right? Um but a few stocks have that early breakout, have a bit of consolidation, move into that building category, and even fewer stocks eventually move into that confirm leaders. And when you can identify stocks from the very beginning that make that confirm move all the way to the top, those few stocks are the ones that are going to deliver the vast majority of your performance for the year. And what we the purpose of this report is to help you identify all of those specific opportunities for the year. We do it for the upside as well as here for the downside. Like I said, you know what you're going to find is that the vast majority of stocks make it into the early breakout category and simply fizz out and that's it. And what you have to maintain is a disciplined approach to cutting losses when stocks that show some signs of leadership simply falling out because the vast majority of stocks will be in that specific category. But a small minority of stocks move from early breakout into building leaders into eventually into confirmed leaders. And those few stocks are stocks like Micron.

[00:35:58]Um, you know, we highlighted Micron back here last year when it was a $90 stock and those are the stocks that are going to deliver the the vast majority of your performance for the year. But it's just about being able to identify them early and be and being able to continue with them through all of this move here. And those those few stocks that do have that continued outperformance, those are the ones that are going to um remain in your outperformance. And if you go back and look at these reports, you'll see Micron has remained in our per outperformance reports this entire time. Now, you know, Data Dog was in was in the outperformance was in the early breakouts here a couple of weeks ago when we highlighted it. And look at where Data Dog is today. Um, so it's all about trying to identify these stocks early and being able to So we identified data dog as soon as it started to break out here. Um, and very quickly this is now entered into our confirmed category here. So it's about trying to catch these turns as early as possible and waiting for them to move into that confirmed category. And some of them will stay in that confirmed category for months, perhaps even years. Um and and if you can have a report that essentially identifies all of them and moves you from week to week as you hold on to these specific names to understand which ones are still outperforming, which ones are no longer outperforming.

[00:37:27]That is the purpose of these Monday and Thursday reports to keep you disciplined in identifying the best possible setups as early as possible and then keeping you disciplined in holding through those specific names so that you have the the the data points to help you understand whether a idea last week was still a good idea or it's an idea that has no longer has essentially dropped out and perhaps worth cutting losses and moving move on or simply taking a small profit and moving on. So that is the purpose of these Monday and Thursday sessions. We publish this report every Monday and every Thursday so that you have this data. And like I said, you have to remember the vast majority of names that are that make it into that early breakout category will drop out, you know, and they end up being either a small win or a small loss. That's where the majority of your trades are. Unfortunately, that's the reality of trading is that the vast majority of the trades that you make should end up in either a small loss or a small gain. Only a very select few stocks will generate a a large amount of outperformance.

[00:38:45]And but the rest of your your trades should really be a series of small wins and small losses. And if you can stay disciplined, that's how you outperform is you just have a series of small wins and small losses with a few really large winners. And you you ask the best traders, the most consistent traders, the the the the traders that have generated the most returns in their careers, they'll tell you that is what their trading account looks like. You know, a lot of people think that, you know, some of the best traders just have big wins all day long.

[00:39:20]That's just not the reality of trading.

[00:39:22]That's not how that's just not the reality of investing. Um the reality is that most ideas fizz out and turn into really nothing which you know should be either a small loss or a small win and then a very few select names will outperform like micron um or or applied materials and that is really where you need to have a disciplined approach in entering trades, exiting trades and holding on to trades and knowing when you want to increase your exposure in a specific stock and where you want to be decreasing exposure in your stock. So that is what we highlight in our stop chasing trades series that we like I said kicked off last Thursday.

[00:40:07]If you haven't joined us last Thursday, please go and watch that recording and we will continue that lesson here this week um on Thursday as well. With that, thank you so much. I hope you guys have a great trading day and I'll see you guys here on Thursday.