🔥 Drones & DELL +40%!!! 🔥 | Market Recap: May 28th, 2026

Ajouté : 2026-05-31

[00:00:00]All right, welcome to the daily market recap for Thursday, May 28th. In today's video, I'll be going over the action from the indexes, the liquid leaders, industry ETFs, then end the video with the long and short setups going into tomorrow like I do with every daily recap. So, if you guys enjoyed the video, please leave a like and subscribe to the channel. And if you want my market takes throughout the trading day along with the live stream at the open and any trades that I personally take, you can sign up for the market discord using the link in the comment section.

[00:00:24]All right, another day, another new all-time high for the market and leading stocks just going absolutely nuts. Um, today NASDAQ up another8% just surfing the 5day EMA. Really nice clean action there. S&P 500 up a half a percent with a new all-time closing high. Low of the day, bouncing right on that 5day as well. IWO, the growth stocks of the Russell 2000, up 1.2% into a new all-time high or sorry, 1.2% 2% uh8% excuse me into a new all-time high. And then ARK really really got going today.

[00:00:58]Robin Hood, Palanteer, two of the stocks that they own um finally got got going and started to rally today. We pushed through that 200 day moving average and now this honestly looks like another base that's breaking to the upside. So one thing that I'll say is you kind of track stocks that that are showing relative strength. You want to trade those and then you track stocks that are showing relative weakness. And a lot of people like will want to trade those to the downside and try to short those because eventually when the market does pull back, the stocks that are relatively relatively weak will break to the downside. But another sign that the market is staying strong is stocks that are relatively weak are just the the next stocks to get rotation. So your Microsoft, your Meta, your Palanteer, your Robin Hood, your ARK stocks that have been ignored. Money is flowing into the market. Has to flow somewhere.

[00:01:49]Probably not going to flow into super extended names. So they got to flow somewhere else. And we're seeing the the the relatively weak names breaking to the upside. So until we see relatively weak names break to the downside, market is going to stay on fire. Then switching over to take a look at Bitcoin. It seems like every day the market's up, Bitcoin is down and that trend has not changed.

[00:02:13]Um, just lower highs, lower lows under all the key moving averages. Ethereum, same story. Um, right back uh under $2,000, right? Well, right now trading right at $2,000, but extremely weak in the crypto world. Taking a look at the liquid leaders, just phenomenal action across the board today. ARM up 10.7%. I trimmed this twice today into strength down to a very small trailing position.

[00:02:39]Um, just an incredible trade. NBIS, I got absolutely lucky yesterday with uh that LEO guy taking a position that that gapped it up 9 9% or so. Not complaining about that. Um, end of the day up 8.6%.

[00:02:55]Alam new all-time highs up 7.3%. Crowd Strike just a hair under new all-time closing highs, but did make a new 52- week high today or new all-time high intraday up 3.97 called 4%. SanDisk up 3%. Marll up 3% after earnings. MU finishing the day basically flat on lower volume. a nice inside day after a big extension bar and then a candle that a lot of people were saying, "Oh, well that's the top for MU and now we get a nice tight inside day." I don't I don't think this market is is going to to stop rolling um until Micron at least gets to a th00and, SanDisk at least gets to 2,000. So, I think we've got plenty of uh at least percent gain. I I don't know how long that's going to take, but plenty of percent gain. uh before we need to worry about that. BE still kind of struggling a bit uh back to that high volume close from earnings right at the 10day moving average. We got a gap zone under there. So potential undercut and reclaim spot down 1.3%. And then Rocket Lab inside day bounced at the 5day moving average. Not doing anything wrong. Um up or down 1.4% today.

[00:04:09]Taking a look at the industry ETFs. Um cannabis really big move up 10% today.

[00:04:14]ARKG, we talked about this yesterday, but the the Genomics ETF, super super hot. Um, TXG, the leading stock in that group. BI BEAM, another one that's like right at the pivot high, multi-year pivot or multimonth pivot, excuse me.

[00:04:33]So, I I think this is just going to be another group that that gets going. uh whether it gets going right now or the market needs to kind of cool off a bit, pull back, build out a handle, then still something I would keep on our radar. Software stocks continue to rally up 2.8% new closing high for the the rally point off those lows. ITA, aerospace and defense, that was the really to me the big theme today was drone stocks. Um, you had UMAC up, what was it, 57%, and I picked this up at the open. Um, up 22% today. Arcat, what was the other one? AMPX. Um, that was up 21%. So, drones, major major leading theme today. Um, but it wasn't just drones, it's everything in this market.

[00:05:22]Just incredible, incredible strength across the board. Uh, biotech, something that I'm still looking at building out a little short-term base here. Another higher low pullback maybe into the 50-day moving average in a couple days.

[00:05:35]That would be the spot that I'd look for. And then the only thing that like I could even be somewhat like cautious on and really like there's no reason to to look at it because it's not a leading theme and our job as traders is to to get money into the leading stocks and the leading themes in a hot market. And if you're doing that, you don't even have to worry about financial stocks overall. But for just like the health of the overall market, XLF still under the 200 day moving average down today, but we did bounce at the sport gap right at the 50-day moving average. Hopefully that is another higher low and then we could get money rotating into this group and uh rip it higher.

[00:06:13]Taking a look at some earnings. Um let's take well before the market opened only one that I was really focused on was PLAB and that was down 36% today. So, just immediately off my universe list after that. Uh, then after the market closed, big talk was with Dell up 39%.

[00:06:31]Uh, we're all the way into $440. I was joking like when I saw it around 380, I was like, "Oh, okay. We're going to get to 400 by the end of the night and then I got to 420 and 430 and 440 and now I'm like I kind of expect this to open at 500. Is that too crazy if we open at 500 tomorrow?" Um, I would not be shocked if I I go to bed, wake up tomorrow and it's at like 502.

[00:06:54]So, that's just the market that we're in. Uh, absolute madness. Awesome market to trade in. Up 39%. Wish wish I had the stock. I don't have a position. It gave plenty of entries. Support gap on the 20-day. Support gap on the 20-day. Um, on on Tuesday, I was buying SanDisk, Micron, ARM. So, it's not like I missed out on the entire move, but this is another one that I would have loved to to pick up. Undercut the sport gap, undercut the 20-day, reclaimed that, and then just off to the races. Phenomenal, phenomenal move. Oaka up 8% after hours.

[00:07:30]Costco flat again. This is like if it's a company that like regular people are are paying for your products, just ignore. That's not the type of stocks that that you want in this market. MDB flat after hours, path down 4% and S down 17%.

[00:07:48]Taking a look at the market pulse theme tracker uh for the breath page here, we see 256 stocks up 4%, only 73 down 4% today. That 5-day ratio staying elevated but coming down a bit from 3.49 to 2.67.

[00:08:02]10day ratios ticking up to 1.34.

[00:08:05]Just plenty of stocks up a large amount um at this point. and stocks over the 50-day moving average only at 62%. We hit 70 range back in in like the end of April. So, it's not even like market breath is is overly bought. There's still room to the upside here. Um 10 stocks 10 times extended from their a uh from the 50-day moving average only at 32. We've seen this at 44. We've seen this at 49 before some pullbacks. So, that's not overly extended.

[00:08:38]The only thing that is starting to make me a little bit cautious outside of NBA players uh posting on Twitter about their stock picks is NIM active investors exposure came in today. Now this is as of Wednesday's close so it doesn't include Thursday's trading but we have broken through that 95% threshold where it's not just an automatic sell signal. I I think I I posted that on Twitter today and people like kind of clowned me in the comments saying like that's not a sell signal.

[00:09:07]The market is still hot. I agree. The market is still hot. There are still setups. This number can go over 95. We I've seen it at 115 or so back in in 2021. So, it's not okay. We We've passed 95%. It's time to sell everything.

[00:09:23]I I kind of compare positioning to alcohol at a party.

[00:09:28]You want alcohol to be there, right? The more alcohol, the more fun it is. And then when you get a little bit too much, you get very very wild action, which is really fun. It like the the most fun part of the party is right before the disaster. I don't think we're at that that point just yet. Uh like I said, we can go to 115. That that's the highest I've seen it at. Um but we are starting to get elevated where like who else is left to buy stocks at this point. So, more so than like a and this doesn't mean like a market crash by any means, but I'm expecting more volatility from this point on. In the short term, I expect more volatility to the upside.

[00:10:09]Like I said, I don't think the market tops before Micron gets to a,000, before SanDisk gets to 2,000. I I think that would be insane. um before SpaceX IPOs.

[00:10:19]I I really don't see the market really cooling down before that, but this is starting uh a little bit of a warning sign. Um along with like Dell up almost 40% after hours. This is not a small stock by any means, up 40%. We're starting to see things accelerate in a big way, which again, short-term super super fun market. you want to take advantage of that. But we're not in the first inning of this move. So once we start seeing like major reversals either whether that be like good news that gets sold off or bad news that actually does get priced in right now market just continues to rally on bad news or just ignores bad news. Uh the other thing that I would look for is a breakdown of a liquid leader on heavy volume. We have not had that yet. We haven't had the parabolic blowoff tops in the memory stocks or or semiconductors. Maybe Dell starts this like tomorrow. But that's a maybe because we had this with um oh what was that other stock? Uh Oracle couple months ago where we gapped up 35% and even like at at that point um that was September 10th. we still had another month for the market to rally before like we had that October 10th distribution day and then the market got really tough. So even if this is the like oracle gap up of last market uptrend, we still can have a month left of trading. So with that in mind, uh let's talk about some long and short setups on the long side. Intel is the first one and the main one that I'll be focusing on tomorrow. Awesome move higher um from 41 up to 132. Bounce to the 20-day moving average. Now we've just been slowly drifting here just to break through today's high stop at today's low could be the trade there. Uh if you're playing that on momentum if the market like pull pulls back for a couple days. This 20-day and support gap like we saw with a uh ARM. That would be an awesome awesome spot to try to get situated. But I think the market's kind of past that point of uh just like pausing for a day or two. I I think we're just like in that acceleration phase. So break through today's high, stop um at today's low. If you want to split the stop half at today's close, half at today's low. Uh so your risk is a little bit tighter. I think that's fine, too. Google super nice like five or six days trading tight on that high volume close from earnings. Just break through today's high stop under the 20-day EMA there. GEV. I tried this today on the undercut and reclaim of the support gap. It price-wise responded perfectly to that support gap low. Uh as you can see here, volume-wise, intraday, you didn't see that spike at the low like you you want to see where people get washed out, they they get stopped and then they have to buy it back. So, same kind of like oops reversal. So either a gap down recovery of that support gap low or a shakeout of that and then really like the the low from the 18th. I think that would be a nice shakeout spot to get everyone stopped out and then a recapture of that support gap low would be the buy spot. Same exact thinking with VRT. This has been a leader now pulling back into the 50-day moving average for the first time since making new highs. Usually a good riskreward spot. Uh got into that support gap zone today. Didn't undercut the low. So undercutting that along with the 50-day moving average tomorrow is the spot that I'll be watching for. NVTS little two-day pullback volume lightening up. Another like one tight day to the downside on Friday would improve the setup a bit. It's definitely one that like this is a super extended stock. You got to be playing this for momentum and not thinking I'm going to hold this for like weeks and weeks and weeks. This is very much okay, we're bouncing at the 5day. We're in a momentum market. Break through the high.

[00:14:13]we could see a squeeze kind of a FOMO Friday type move. But if you're someone looking for like a position trade, this is not the one for you. Doc, nice gap up on earnings at 43% has gone sideways since. We've held the support gap twice now. Um just getting through that high volume close. Getting through today's high would be the buy spot with the stop at today's low. Twilio kind of similar action. We gapped up uh 35% on earnings.

[00:14:41]We tried to rally and then pulling back into the 20-day inside candle today just break through today's high stop under that gap zone low. MXL semiconductor building out these higher lows.

[00:14:54]I'm not super confident on this because I think semiconductors are already extended. I mean this stock has gone from 17 up to $100. Uh but a lot of that came in the 76% move on their earnings.

[00:15:07]Still maybe a a touch extended. Um, I would not mind this if we shake out the lows for for Friday and then on Monday we break through like Friday's high. Uh, but four higher lows in a row. Um, if we gap up and take out today's high, I I think you could play that with the stop at um yesterday's or today's close. Even that would be a little bit wide.

[00:15:36]This boils down to I'm not going to be risking more than like half percent of my account uh on this trade. So, split your stop. Do whatever you need to. I don't think it's the highest probability trade, but in a market like this, this is a hight flag. High type flags have been breaking out. Um so, all about the market environment. US on the rare earth side. I think this is the best looking chart in the group. you have um CRML as well, but US significantly stronger already back up to where it was back at the beginning of May where we could go to CRML still well below that that point. So, I would focus on USR uh just to break through today's high stop at the 5day moving average on that one. Let me just go to CRML that one. Um break through yesterday's high stop at today's low for that trade. Inod kind of frustrating to to see this today because I I put this on um as it came into the HVC got back over VWAP was like not really finding that strength with the market sold off yesterday. So I got stopped out of the rest of the position.

[00:16:45]Um and then today nice turnaround up 10.3%. I break through $100 stop just 2 to 3% below would be the trade there.

[00:16:54]AHR, another semiconductor name, looking for an undercut and reclaim of the gap zone. The 20-day EMA should be catching up to that tomorrow.

[00:17:02]OSS, this is very much a momentum play, similar to NVTS. Um, I think the better spot to buy was on Thursday of last week through Wednesday's high. Now, we just have some tightening price action on the rising 5day EMA. Very much just a momentum play to the upside. Break through the highs, stop at today's close. Then AMPG inside candle today on light the lightest volume in the pullback. A breakthrough today's high stop at $5 for that one. And then Fjet super speculative but we're we're in a speculative market. So um Fjet super like very thinly traded stock. So make sure you're position sizing correctly.

[00:17:45]Uh I would just treat this as a performance booster. No more than like 2 to 3% of your account on something like this. I I think that would be the max for me. But through the the daily highs over the last two days, stop at today's low there. Then on the short side, really only one setup that I'm even willing to look at, and it's Door Dash.

[00:18:06]With the idea of any stock that that people are are paying for, like average people are paying for, uh, is probably a good short in this market. And Door Dash just super weak at this point. But this is another good one where it's like, hey, this is relatively weak, but in a super strong market, stocks that are showing relative weakness still break to the upside. Now, if this breaks to the downside, uh, then there's a little bit of feedback that some things are at least breaking down. Um, so break through today's low, stop at today's high on that one. That's going to be the daily market recap for Thursday, May 28th. If you guys enjoyed the video, please leave a like and subscribe to the channel. And if you want my market takes throughout the trading day along with the live stream at the open and any trades that I personally take, you can sign up for the markets discord using the link in the comment section. I hope you have a great night and I'll see you guys in the uh weekend prep video. Take care.