Brief Summary
This YouTube video provides a swing trade breakdown, market analysis, and stock picks for the day. The speakers discuss strategies for swing trading, including identifying strong stocks, looking for trend line breaks, and capitalising on undercut setups. They also analyse market trends, such as the rotation from growth to value stocks, and discuss potential trades in various sectors, including airlines, materials, and crypto.
- Swing trade strategies and market analysis.
- Stock picks and potential trades.
- Discussion of market trends and rotation.
Introduction
The video begins with a welcome to traders and an overview of the day's agenda, which includes a swing trade breakdown and an examination of various strategies. The presenter notes the market's initial climb followed by a drop, and mentions the release of initial jobless claims figures, which came in better than expected at 227,000 versus an estimate of 236,000. The presenter also touches on the crypto market, highlighting Bitcoin's breakout and the potential for other cryptocurrencies to follow suit.
Stocks to Watch
The presenter discusses several stocks to watch, starting with AMD, which he has been anticipating a move from for a while. He notes that AMD is up towards 143 and suggests that investors may be overlooking it in favour of Nvidia. He also mentions Par, a stock he has been longing for a while, and expresses optimism about its potential to break above 100 and reach 110 or higher. Finally, he highlights names in the nuclear space, such as NE and SMR, as potential opportunities, noting that they may be ready to take the next step.
Sunrise Report
The Sunrise Report segment starts by noting the steady futures market and shifts to discussing the previous day's AI and crypto rally, with Nvidia briefly hitting a $4 trillion valuation. The report then addresses the potential tariff drama, with President Trump confirming tariffs on copper and Brazilian imports. The Fed's split on rate cuts and concerns about tariff-driven inflation are also discussed. Delta Airlines' positive Q2 earnings and reinstated profit guidance are highlighted, alongside MP Materials' surge due to Pentagon backing for rare earth elements. The report also covers Bitcoin's new highs and potential plays in lithium names, as well as Kellogg's potential acquisition by Ferrero.
Swing Strategy Breakdown
The segment begins with an introduction to swing trading strategies, with Michael Nas joining to share his insights. They discuss the homebuilders' strong performance and Bitcoin's new highs, attributing the latter to rate outlooks. Michael highlights the significance of Bitcoin maintaining above 110 to build market confidence. They also touch on Ethereum's outperformance relative to Bitcoin, hinting at a potential altcoin season. The conversation shifts to the importance of understanding market positioning and liquidity moves, cautioning against tight stops that can be easily triggered by algorithms.
Trading Strategies and Market Analysis
The discussion moves to potential trading opportunities, with the airlines (DAL and AAL) and MP Materials being considered as fade candidates due to their overbought conditions. The hosts also touch on Solana Treasury Holdings (Poet), expressing scepticism about companies pivoting to crypto. They discuss the potential for a major crypto collapse due to failing companies buying in, but also acknowledge the possibility of further gains in the short term. The conversation shifts to the New York Stock Exchange, with the hosts reminiscing about its past glory and discussing the impact of high-frequency trading on its current state.
Trading Discussion and Stock Analysis
The hosts analyse various stocks and market trends, starting with Delta Airlines (DAL) and other airlines, noting their potential for a VWAP fade. They discuss BMNR and Stephen Ducks' million-dollar trade, highlighting the importance of borrow fees. The conversation shifts to Tesla, with the hosts noting its recent rip and fade. They also discuss BTCM, a Solana expansion ecosystem play, and its potential for a pullback. The hosts then delve into the SPY, discussing its key levels and potential movements.
Live Trading and Market Commentary
The hosts engage in live trading, discussing potential entries and exits on various stocks. They analyse BTCM, noting its halt and potential for a flush down. The hosts also discuss AMD, highlighting its strength and potential for further gains. The conversation shifts to the importance of sector rotation, with the hosts noting the outperformance of industrials, basic materials, and cyclical names. They also discuss the potential for a materials trade, highlighting METC and BTU as potential plays.
Market Dynamics and Trading Strategies
The hosts continue their market analysis, noting the strength in materials and the potential for inflation to continue rising. They discuss the importance of understanding market dynamics and adapting trading strategies accordingly. The conversation shifts to individual stocks, with the hosts analysing Hims, Archer, and Par. They also discuss the potential for a breakout in METC, highlighting its attractive chart pattern.
Lithium and Market Rotation
The hosts discuss lithium stocks, highlighting SQM as a potentially generational opportunity due to its depressed valuation and the long-term demand for lithium in electric vehicles and data storage. They also mention LIT, the lithium ETF, as a way to diversify into the sector. The conversation shifts to market rotation, with the hosts noting the outperformance of value stocks and the underperformance of growth stocks. They emphasise the importance of staying with the strength and adapting to the changing market environment.
Trading Insights and Market Analysis
The hosts discuss the importance of journaling trades and analysing data to identify successful setups. They recommend using a journaling software like Trader View and tagging trades with different setups to track performance. The conversation shifts to individual stocks, with the hosts analysing BTCM and METC. They also discuss the potential for a China deal to boost tech stocks, highlighting Apple and Amazon as potential beneficiaries.
Market Bifurcation and Sector Rotation
The hosts discuss the bifurcated market, with the SPY and QQQ moving in opposite directions. They emphasise the importance of understanding sector rotation and adapting trading strategies accordingly. The conversation shifts to individual stocks, with the hosts analysing Crocs and other retail names. They also discuss the potential for a back-to-school rally in retail stocks. The hosts conclude by reiterating the importance of staying flexible and adapting to the changing market environment.
Final Trades and Closing Thoughts
The hosts discuss their final trades, including METC and BTCM. They emphasise the importance of managing risk and taking profits when they are available. The conversation shifts to swing trading strategies, with the hosts highlighting the importance of looking for washouts and being patient. They conclude by thanking viewers for tuning in and encouraging them to stick around for future shows.
