12/29/2025 Premarket Prep

Good morning.

Good morning, guys. Puerto Rico was beautiful, man. It was like uh 82

beautiful, man. It was like uh 82 degrees and sunny. I mean, the best time to be out there is our winters without a doubt.

Silver and Bitcoin market the last 24 hours are not screaming liquidity.

Market manipulation.

What do you think happens to markets that go completely vertical? Bitcoin's

in a downtrend. There's nothing

manipulated about it. And there's

nothing manipulated about silver either.

Why does silver need to be manipulated when it's been going vertical?

Like look at the daily. this daily here looks manipulated to you or does this just look like a generic ass pullback when you get this extended from the 50, the 10, the five, and every other moving

average under the sun? Why is it got to be manipulated?

I'm already short SILJ. I I've been short silver junior miners now for uh since since when did I get short uh junior

miners? On Tuesday.

miners? On Tuesday.

Tuesday. And it literally hasn't gone anywhere.

shorted it on that small little gap up and now we're gapping down. And the

reason I chose uh the uh junior silver miners was because they were showing relative strength uh compared to silver.

So I haven't really had to nail the quote unquote high in silver. I just had to get into the thing that was showing relative weakness.

Circle for a potential short today. Um,

boy, this thing looks pretty horrible, doesn't it?

Yeah, it could be. I I see that it's also gapping down this morning.

I don't know that I'm chasing any shorts today. Shorts into declining moving

today. Shorts into declining moving averages the better spot. SoFi doesn't

look all that awesome. You know, SoFi doesn't look that awesome until we reclaim the 50. And neither does Hood.

You know, I was kind of hopeful for Hood that it would turn around, but starting to look more like a, you know, bare flag breakdown potential.

Yeah, I don't really like uh Hood and I don't really love SoFi.

A lot of the names that led last year are looking a little sketchy.

That's what I got to say. They look a little sketchy.

Um, Regetti might be a little unfortunately I don't have my Regetti short anymore. They stopped me out on

short anymore. They stopped me out on the fourth. I had such a nice short. I

the fourth. I had such a nice short. I

had a short at 55. I had a short again at 37 and a half. Um, and I just got stopped out on this bar. It was funny because they tried doing the same thing

to me a few days later on the 22nd in QBT, but this day didn't stop me out.

And good thing it didn't because, you know, we're basically back at those lows. So, I've got a decent little

lows. So, I've got a decent little position in QBT.

Hopefully, uh, you know, we'll be back at seven bucks here pretty soon. Reddit

looks pretty decent.

Reddit, I don't mind. Um, you know, the weekly chart on this thing actually looks pretty good. Like a cup and a handle.

it. Um, you know, it's going to have to eventually get going over 240, but I love how tight of a day it gave us on Friday.

So, who knows? Maybe a 20 SMA moving average undercut and rally. So far, not quite three weeks tight. It's also below the 50. One thing I don't necessarily

the 50. One thing I don't necessarily love.

Yeah. I mean, there's a, you know, it's crazy. I talked about shorting SILJ or I

crazy. I talked about shorting SILJ or I talked about, you know, the problem with, you know, a bunch of the newly minted silver X. It's It's funny because, dude, you'll notice the same

thing, Serenity. You'll notice like when

thing, Serenity. You'll notice like when Quantum's moving, everybody tells you, you know, they're all quantum experts.

When uh nuclear names are moving, you know, they're all we've got no energy and, you know, there's an energy deficit. And when it's like it doesn't

deficit. And when it's like it doesn't matter what is moving rare earths and how you know China is restricting you know rare earths coming into the United States and they'll always look for the

reason when things are going vertical but they never find the charts way before they start moving which is crazy and I've said this before I I was long

gold in March March of 2024 is technically the end of February because it was a leap year but you know this is Um,

this is your 10-year cup and handle. And

now all of a sudden, everybody's a gold and silver expert up here. Just imagine

how silly that is.

So, you know, now gold's getting its ass kicked. Silver's getting its ass kicked.

kicked. Silver's getting its ass kicked.

Silver's down almost 6% after being up 6%. And, um, you know, it is what it is.

6%. And, um, you know, it is what it is.

No, I didn't exit Tesla.

Um, I still have my 430s. uh my

position, but I exited my recent ads.

So, I had a ad that was sold for some profit and or I had my ad from the ETH sold for some profit on the on this kind

of nasty down day on the 17th and then I readded some more and then I got stopped out of those ads um I want to say I had

those ads on the 19th.

ABGO short opportunity.

Yeah, maybe maybe you know when when something is kind of in this broadening pattern, you know, it'd be nicer if it hit like the decline or the flattening 50 and just use that 50 as the guide,

but uh you know, you'll get like this wedging right back up into these declining moving averages and then they roll over.

Yeah. Um, you know, they should hit your radar. So, when before stocks finish up

radar. So, when before stocks finish up their uh stage one base or as they're finishing their stage one base and just started into stage two, it almost doesn't matter what the market's doing, they'll go higher with or without the

market because they are now in a new stage two uptrend.

Uh I would add to Tesla if we can come into the 20 and then uh start to bounce from there. 620 setup all the way down

from there. 620 setup all the way down to uh 458 roughly and gap fill.

You know, I don't want to get too stubborn with it. So if we start to kind of lose that uh 458 level, then I'll have to let a you know, a little bit more go and then, you know, we'll we'll see what happens against that 50. But

even the 50 will be above my average.

So, no matter what, it'll be a profitable trade. How much of a

profitable trade. How much of a profitable trade, you know, I don't know.

Pretty much everything's gapping down this morning.

you know, normally they're one in the same. Um, I mean, technically not

same. Um, I mean, technically not because you can get like the first fiveminute bar that takes out prior day high. That's normally my preferred entry

high. That's normally my preferred entry and then, you know, you'll have your stop at the low of the day even if you enter within the first five minute bar.

Um, there's not going to be much difference, man. It's a preference thing. You just

man. It's a preference thing. You just

have to understand what a good setup looks like and how a group is acting with the market. If the market's just in a clean steady uptrend, then you don't really even have to focus on the market.

But if um you're trading and it's a little bit of a choppy environment, you have to know what group you're trading, how it's acting, and how the um you know, how the market's acting, right? If

the market's kind of chopping and going lower, right? Adding too much new

lower, right? Adding too much new exposure is not the right idea. Now,

with that said, you can definitely add some exposure. Um, just be a little bit

some exposure. Um, just be a little bit cautious to how much you add at once.

Yeah, I think that I think that's kind of what it looks like for now. It

definitely looks like Tesla's going to at least retest the 20 simple moving average. From there, you know, we got to

average. From there, you know, we got to figure out if it's going to be an undercut and rally and how's the market acting at that time. You know, my thinking is um you know, once January 2nd rolls around, there's going to be a

lot of people with profits that, you know, want to reduce some size. So, I I kind of expect January to be a little bit choppier than most people are thinking. But it also could be the case

thinking. But it also could be the case that, you know, it's not choppy at all.

But look at NIM.

You know, we're a little stretched basically at a 100. Um,

you know, and I I don't really see too many bull or bearish people out there.

It's nothing but the bulls.

Any thoughts on Zeta?

Yeah, nice looking chart. Feels like,

you know, you can't really buy it up after this. So, unfortunately, you'd

after this. So, unfortunately, you'd have to wait for like some kind of an inside day and then maybe you've got a low cheat setup right through here.

This thing's shown you the ability to make a big move before. Unfortunately,

it gave back a lot of that move. 70%

draw down. Yeah, new base. Nice job

establishing itself back above the 200.

Maybe a little inside day and then it can get going later.

Do you close a new position if you don't have any or some gain on it by the end of the day? Uh, it depends how my other positions are doing. Like if this is a brand new position and I've got no

exposure into the market, then yeah, I'm a little bit more cautious on keeping exposure overnight, one of the things that I'll say is if

your stop is still much lower, I'll just respect the stop, right? You got an option. If like it didn't give you

option. If like it didn't give you enough cushion overnight or you're basically flat on it, you could always cut it in half and leave an even smaller position and still respect your original

stop.

XOM. The only real name that gapped up overnight.

Love that.

Um I don't know. This a could also be a late stage base, too. These names have been on the move for a while.

AMD gapping down too. For 100k account, which daily dollar volume do you suggest for scans? 30 million. I can go. Yeah,

for scans? 30 million. I can go. Yeah,

you could go a little bit lower because you're only taking 10k positions, but generally speaking, you don't really want to trade a liquid names anyway. So,

you know, 20 million, 10 million. I

wouldn't go that cheap, right? or like I you'd want to like the more liquid they are, the more likely it is that they're institutional quality stuff.

Oh yeah, Dutch Bros. Yeah, Dutch Bros has been trying to work its way back above the 200. Could just be a nice double bottom. And then I would also

double bottom. And then I would also keep your eyes on the other uh food related stocks like Eat is one of them that's also got my interest. Um,

I know Cava is still well beaten up.

Chipotle is still, you know, looking pretty bad. Um, Shake Shack. O, yeah. I

pretty bad. Um, Shake Shack. O, yeah. I

don't know. I mean, Bros is technically a beverage, but, you know, it's like a restaurant kind of. So, I was going to say you can't really like compare it to Monster Beverage because this thing is crushing it.

rare earth and strategic metals.

Yeah, I mean nice looking chart.

Probably not one that you would trade.

I mean, now we've got a nice little marketwide gap down going on at the moment.

Roku. This thing's been showing some relative strength recently, but I would tell you to zoom out on Roku. This is

just a still a really a stage one base.

Um, I don't know if Palanteer's a good pullback buy to be honest with you.

We'll see what happens when, you know, you get back into the 20-day. I I can't ever say if something's going to be a good pullback buy. I judge a lot of if a

pullback is a good buy based on market action in real time. So, if I just tell you, yeah, it's a good pullback buy and then it just continues to pull back, right? Last thing I want you to do is to

right? Last thing I want you to do is to take a pullback buy, but not be thinking about the market as it's happening. If

the market is yanking pretty hard and you're thinking something's a good pullback by, that's how you get yourself in trouble, right? Pullback buys are only good when the market's starting to turn back around or when the market's in

an uptrend.

Yeah, I thought there were plenty of actionable setups. They're all gapping

actionable setups. They're all gapping down.

It could be that XOM is an actionable setup. Yeah, XOM held well. I already

setup. Yeah, XOM held well. I already

own it. I I don't know that buying breakouts on crude oil is the way to go.

I think pullbacks to ascending moving averages is the way to go. I don't think that, you know, buying breakouts in crude, especially when crude oil is

doing absolutely nothing is the right way. But I'd be lying to you if I told

way. But I'd be lying to you if I told you this daily didn't look or this weekly didn't look incredible because it does.

Do I think it's possible we're forming a VCP on the cues? Yeah, it is possible.

It is possible, you know, but unfortunately we're going to be getting hit with a pretty nasty gap down this morning. We'll see kind of how we look

morning. We'll see kind of how we look over the next couple days. Plans to

short SLV? No. No. I I also had a feeling this is what they would be doing, right? Where you just kind of

doing, right? Where you just kind of ramp everybody up and then you just gap everybody down and make it impossible to short. I instead am already short SILJ.

short. I instead am already short SILJ.

I've been short silver junior miners since Tuesday, right? Look at how they barely were able to take out um October's highs. And then compare that

October's highs. And then compare that to silver that took out October's highs way down here, right? You took out October's highs long

right? You took out October's highs long ago. And meanwhile,

ago. And meanwhile, right, silver junior miners were stuck in neutral. And I recognized that. I even

neutral. And I recognized that. I even

tweeted about it. silver junior minor is acting incredibly weak compared to silver and uh now we're getting a pretty chunky gap down and I'm already short so

I don't I don't need to short um silver yeah NEM's already a trimmed position obviously we've got a gap down happening at the moment but you know I'm in from

92 basically 91 and change so I bought it on the ninth I'm already trimmed I trimmed into this move there's there's nothing left for me to do here.

Nothing left for me to do.

Just let it work. Lily, I mean, this chart's a is a beast, man.

So, but one of the things that I would tell you, if the market's going down, don't trade relative strength, just track it, right? Don't trade relative strength,

right? Don't trade relative strength, just track it. buy relative strength when the market's starting to go back up. Shopify also has a little gap down.

up. Shopify also has a little gap down.

I don't like the way this thing is wedging. I need a better flat base at

wedging. I need a better flat base at some point.

Um, well, Exon Mobile's probably my favorite because it's technically not in a stage two uptrend.

You bought FSLR on December 19th.

Dude, I had it on the 16th, right above prior day high, holding the 50, and then I got stopped out the very next day, just at flat, basically. Oh, well,

but you bought on the 19th. You tried to as it tried to break the range, stop myself out at break even on the 23rd.

Yeah, I think that's fine.

Yeah, you're going to, Dude, you're going to take so many flat trades in your career, it shouldn't even matter, right?

I would say majority of your trade, here's where majority of your trades, and I've talked about this on an interview before, but a majority of your trades should fall into three

categories. Small green, small red, flat

categories. Small green, small red, flat trades. That is where the majority of

trades. That is where the majority of your trades will fall, right? The like

the big majority of your trades. That's

probably where 99 No, no, not 99, but like literally 90% of my trades end up. Small green, small

red, and flat. And then I don't ever ever take big red, right? Because I know where I'm exiting before I enter. And

it's normally for small red. And then

um well, you know, a a reasonable little loss, right? as you know you know

loss, right? as you know you know exactly where you're leaving when before you enter the trade and then home runs will take care of themselves right but majority of your trades small

green small red and flat so just get used to that I I don't mind what you did with FSLR at all right if I were to have bought this thing and I bought this thing here and I stopped myself out on

this red bar right I didn't like the action of the market on Wednesday and uh I wasn't going to sit there and you know wait for prior load of day to be taken So,

if I want to buy above yesterday's highs, but the stock market gaps up, how do you enter? Five minute opening range break.

I like that Lily is strong, but I don't like that the market's gapping down. So,

I do like market gap downs, but then I want to see the market start to catch a bit and start to turn back up. then I

would be comfortable buying Lily. But if

the market starts to pull back and stays heavy all day, I don't like to buy anything. Um,

anything. Um, I like to buy when the market's starting to turn back up and I like to buy the names that were showing relative strength.

Yeah, I also see that buy news gapping down overnight. So, while I would tell

down overnight. So, while I would tell you that it's set up, anybody who's bought the last 3 days is basically underwater as well.

Yeah, all these things I'm also talking about in real time.

Was Tesla discussed? Nothing really to do with Tesla for me here. I still own my Tesla from December 3rd. We're

gapping down overnight. As long as we're above the 20 simple moving average and really this gap fill of 458.96, so call it just 458. Give it a little

wiggle room. Um, I'll be all right.

wiggle room. Um, I'll be all right.

Don't necessarily love the most recent action, but it is what it is. you know,

maybe Tesla on a pullback buy into the 20 SMA will be buyable, but at the time when Tesla gets there, you know, how's the market starting to shape up?

I am very comfortable buying uh breakouts, but they got to be out of clean setups, right? Typically a nice flatbed

right? Typically a nice flatbed breakout, you know, uh a breakout out of like a small high tight flag or a low cheat

setup. Those all work well with me, too.

setup. Those all work well with me, too.

Could I explain a wedging pattern? Well,

you could even you could even consider Tesla kind of wedging, right? This is

literally just a or channeling as some people might say, right? You got Tesla just channeling up really into supply.

And I would tell you that and and not that it's like that big a deal. Let me

see if I could find uh I I would say that all of this is supply for Tesla.

Right. So, we basically just were wedging up into supply, right? Because

this is where it has sold off before. I

prefer price to get up here, flatten out, and then and then go. So, I'd like to see price flatten, but instead, we're just channeling right up into supply.

Not something that I necessarily love.

AS Yeah, nice looking chart.

Nice looking chart. See how you're no longer wedging up or you're no longer channeling up. You've gone up and then

channeling up. You've gone up and then you pulled back, right? This is a nice little clean bull flag.

Beautiful.

So, this is how you stop channeling up.

You just go up and then you go sideways and you tighten. And this allows for a lowrisk entry.

My thoughts on Bloom doesn't look that great.

I mean, you're talking about shorting, so we're gapping down a little bit, which should they're making it a little difficult to chase a short at this point, right? You already want to have a

point, right? You already want to have a few shorts on, which I personally do. I

still have Netflix. I have QBT, right?

Netflix doesn't look all that great either.

Just a steady, you know, start of a stage four downtrend. what it looks like for Netflix.

Qubt another thoughts on FLNC.

I mean, gapping down, hanging out right at the 50.

I don't know what really I could think about this. Now, if we're going to

about this. Now, if we're going to bounce off the 50, you got to take out Tuesday's highs, 2115, which is the exact spot it rejected the 20 simple

moving average. But otherwise,

moving average. But otherwise, you know, it looks good. It just doesn't look great.

A positive building a higher low.

A negative rejected the 20 just a few days ago and it's got to get back above that level.

Not bad. Not good, not great.

So, it could be played either way in my opinion. Just depends how the market in

opinion. Just depends how the market in the group's acting in real time. Again,

you're going to see setups like FLNC where you could literally say to yourself, you know what, we're so tight here that if we lose prior day's low and we rejected the 20 and we're losing the

50, could be a short. Or if it gets back above the 20 and takes out Tuesday's high, that could be a long. The only

thing that will help you then make up that decision as to what direction it you could manage your risk with is what's the group doing and what's the market doing at the time you plan on

taking the action you plan on taking. If

you're like, I'm seeing this as a good long. Why are you seeing that as a good

long. Why are you seeing that as a good long? Well, you're seeing it as a good

long? Well, you're seeing it as a good long because the market's acting well and the group is acting well in the moment you go to click the buy button.

or if the market's acting crummy and the group is acting crummy at the time it triggers your a short setup for you, right? That's going to be the only

right? That's going to be the only differentiator, right? That's it. And so it could things

right? That's it. And so it could things could be played in both directions.

Yep, he's right. One of the best decisions I made in my career was stop looking at the market indexes as a barometer of health for breakout stocks.

Yeah. The re the reality is is how healthy the market is has everything to do with what stocks are doing and has nothing really to do with what the indexes are doing. If there's a lot of stocks breaking out, it's a healthy

environment. Period. Right? If there's a

environment. Period. Right? If there's a lot of stocks failing to break out or go to try to break out and then fail, it's not as healthy of as an environment as you might think.

Dave, you bought Dave on 1217.

Oh, all right. On 1217 on this red bar.

Or are you sure it wasn't 1218?

I mean, if I bought Dave on 1218 as a higher low setup, I would have trimmed into strength to just let the rest work.

Watching NU.

Yeah, NXT's got that 93 and a half dollar level. Don't think this thing

dollar level. Don't think this thing could chop around anymore.

Thoughts on Shopify? It's not. This is

also just wedging up into supply. This

is just wedging price action. And I I personally hate really really hate wedging price action or channeling for

that matter into supply. Don't love it path. Um I love the volume that came

path. Um I love the volume that came into this thing on the way up. I don't

mind the pullback, but um you know really until it can take out this uh 17 so 1745 a high and then

1735 a high. So until we could kind of clear this little low cheat setup, there's really nothing to do.

You're short, Assan. Man, that name's been a good short probably for the last uh three years. I don't know that I would

three years. I don't know that I would short this name anymore, but unless you're thinking, you know, back to singles, I guess.

Well, yes, strengthen the indices is just another clue. But the first thing you'll always hear me say is how's the group acting, right? If the indices are also like if I'm going to go by a

semiconductor and semis are acting well like for sake of discussion, let's just say I'm going to go by TSM, right? How's Nvidia acting? How's AVGO

right? How's Nvidia acting? How's AVGO

acting? How's AMD acting? That might be all the clues I need for semiconductors.

But then also a little bit of a reinforcement would be if the QQQ is acting well, right? Because that will speak to other tech names. That will

speak to money is going to more places than just one, which would help, you know, kind of um um like reinforce the idea. I just got a

funny message. Get rid of your silver

funny message. Get rid of your silver chains today. Um, that would kind of

chains today. Um, that would kind of help reinforce the idea that, you know, the market's kind of strong.

Um, how much of my portfolio am I normally risking on a 10% position? I

mean, normally my stops are like 3 4% from my entry. So, not even a half of 1%. sometimes less. Sometimes my stops

1%. sometimes less. Sometimes my stops are, you know, 2 and a half% away.

And if I'm not really trading well or the market's a little choppy, I don't even take 10% positions. I take 5% positions.

Yeah. My my hope is that Microsoft stays above the 200. We start to lose Microsoft below the 200. That is no good. That is no good.

good. That is no good.

Do I ever look at sector ETF to reinforce a trade idea? No. Absolutely.

Yeah, I do. Um sector ETFs is normally sometimes how I'll find ideas, right?

I'll see a really nice looking sector ETF and and then that's kind of how I know to keep my eyes on, you know, a few of those names. And if I see a really nice sector ETF, I'll even look at like the highest waiting names within that

group first. Unless, of course, I'm

group first. Unless, of course, I'm looking at an equal weighted ETF. And

then, you know, you kind of know that they're all have an equal weight.

If not already short PLTM, where do I see an entry? I really don't.

Yeah, there's there's really not an entry here.

too big of a too big of a pullback, you know, to make me comfortable um taking it. Nothing I could really do

taking it. Nothing I could really do with that.

But I I mean, I messaged about this. I I

tweeted it. They're not they The idea was they're not going to make anybody They're not just going to make it easy.

They They weren't just going to make, you know, these names simple to short.

Um they're going to probably gap it down. And I know the short bear said

down. And I know the short bear said shared some very similar sentiment. I

think you know maybe if we can um we gap down and then we close on lows a break of prior day low might be an interesting way. SNDK nice strong chart but if I'm

way. SNDK nice strong chart but if I'm not mistaken you know we're gapping down a little bit. I drew this yesterday and this is kind of my hope as to how it

would play out. So little bit lower. Let

price flatten out. Again, similar story.

We talk about price just wedging up or channeling up into supply. I do not like channeling price action into supply. It

just is no good.

So, my opinion on SLV, I've been giving my opinion on SLV all weekend and I've been getting attacked all weekend by the newly minted silver experts. I thought

silver was a short.

I thought silver is a short.

And if it, you know, and and I even kind of tweeted yesterday, you know, Peter Schiff, you get this first pullback in silver. Um, and it was like silver

silver. Um, and it was like silver futures and all of a sudden Peter Schiff in this first bar is like, "Oh, it's good to buy the dip now." And I even tweeted like

the man doesn't even let the dust settle. He doesn't even let the dust

settle. He doesn't even let the dust settle before telling everybody it's a good dip to buy. Yeah, dude. It's like

slow down, Peter. It's like get off your high horse, dude. It's been going up.

Like, it's vertical in fact, right? This

isn't like the first dip is not always the good dip to buy, you know? It's like I saw the same exact

you know? It's like I saw the same exact thing with with Michael Sailor and I literally tweeted that exact thing. you

know, the every dip, you know, when when Bitcoin went from like 123K to like 117 in a day or 116, you know, uh Michael Sailor was like, "Don't sell your Bitcoin, sell your kidney," or something

stupid like that, right? Like

reiterating that very stupid phrase. And

it's just like, dude, things just don't go vertical. They got to go up and then

go vertical. They got to go up and then they go sideways and then they go up.

And you know, when things go too vertical, sometimes that's the end of the move. Um, you know, but if it

the move. Um, you know, but if it doesn't work out for Peter Schiff, I hear there's a he could get a daycare started in Minnesota. He'll still be all right.

He'll still be all right.

I heard those are paying well.

I just had to the Learing Center.

The learing center for kids who can't read good.

Oh my god. That's good stuff, man.

If it doesn't work out for Peter Schiff that he's always got an option.

Octa, this thing looks horrible.

You almost spit out your coffee.

Sorry about that.

Oh man.

Isn't SNDK a flatbed breakout on the 22nd?

Um, no. Yeah. I mean, some people could view it as a low cheat setup, which, you know fine.

But, you know, they like how the hell do you get involved, right? It just kind of gaps up above and then just kind of fades all day. So, you know, if you were prepared to buy this pullback off the

fiveday, then you know, fine. And you'd

be sitting there with like a 230s, think that's fine. But,

but I don't know that I would call that a uh a flatbed breakout. That's more

like a low cheat setup that Mark Minervini talks up.

Yeah. Kind of nasty gap downs the whole time. Do I look at stock price

time. Do I look at stock price forecasts? No. No. No. No. None of that

forecasts? No. No. No. No. None of that matters. You know who makes stock price

matters. You know who makes stock price forecasts?

You want to know who makes stock price forecasts Tom?

the people who aren't skilled enough to do my job.

Remember that. People who want to be part of the market but aren't skilled enough to manage their own money, so they make forecasts instead.

Just remember that.

I don't want to be mean to those people, but I don't know any of them, so I don't give a But that's my point. If

they knew what they were doing, they'd do my job. I get to sit at home with my dogs, make tons of money, hang out with you guys, do whatever the hell I want, not have to worry about making forecasts

and collecting a paycheck, right? Writing, you know, forecast

right? Writing, you know, forecast articles about where I see things in the future. Nobody, that doesn't, you know,

future. Nobody, that doesn't, you know, it's a forecast. If they knew how to make money in the markets, they'd do my job. And the reason I say that is

job. And the reason I say that is because there is no better job than what I get to do. Period. Right? There's no

better job than being an actual active trader doing forecasts.

Forecasts.

If they knew what they were doing, they'd do my job. TERN. The one thing I'll tell you about pharmaceutical stocks, especially when they move and they've made as big a move as this TERN

has made, right? You got to think about where this thing has come from since April lows. Be very careful with

April lows. Be very careful with something up 2,000% and not a bigger base.

Right? 2,000% move and not a bigger base.

Is snow shortable?

Yeah, it doesn't look that great. I

would be a little bit careful chasing a gap down today. Right. I've I've talked about this before. My preferred method for shorting is into declining moving averages.

Into declining moving averages. You

start shorting gap downs and then the market just starts to rip and you chop yourself up into pieces.

You know into declining moving averages always the way. Always. That's where you're

the way. Always. That's where you're going to find your lowest risk.

You could just use that moving average as your guide.

Scott, hopefully um later next year I'll be out there. I'll be back in New York.

Does SNDK look like a bearish flag? Not

really.

Not really. I got to give SNDK credit.

You make a really big move up and just like gold and silver. It pulled back and now it's building out some higher lows.

It's probably got to build out a few more before it ever can go higher. So, I

don't really think this is looking like a bare flag. This is just a new base after having made a huge move up. Until

you break the 50, I really can't be negative on SNDK.

ANET has a higher low setup. Yeah, but

also the problem with ANET is this thing has also made a really big move up over the last couple years. I I don't know if this is just a late stage base. We're

below a we're below a falling 50, which isn't great. So, and now we're gapping

isn't great. So, and now we're gapping down overnight. So, until it can get

down overnight. So, until it can get back above the 50-day, I just leave them alone.

Yeah, until it can get back above the declining 50-day, just I I personally just leave them alone.

So, but I see the higher low setup you're talking about.

I don't like to buy too many higher low setups below their declining moving averages. If I'm going to, it's going to

averages. If I'm going to, it's going to be like, you know, making sure that you're doing it within one of the 10 best companies in the world.

Does it matter why markets are gapping up or down? No. Sometimes worrying too much about the why stops you from just executing what actually is happening.

Your job isn't to really understand the why. Your job is to move the needle in

why. Your job is to move the needle in your portfolio. The only real way to

your portfolio. The only real way to move the needle in your portfolio is to react to the things that you're seeing, especially in terms of a group, right?

Is a group getting money or is a group losing money? Why the memory stocks went

losing money? Why the memory stocks went up or why they're going up is totally irrelevant to the fact that they are going up or that they went up, right?

Why it happened is usually only known after the fact.

Right. It's the same thing when you like you look at silver and you know now you've made this huge move. The people who are bashing me for

move. The people who are bashing me for being short silj are and are the same people who want to be long silver. They weren't telling you

be long silver at 30 at 25. Right when I was talking about silver we were down here.

We were literally here, right in here. So, it's like, you know, this isn't where most people are talking about it. People are talking about it up

about it. People are talking about it up here and how much of an idiot I am for wanting to short it.

And it's like, and again, I I don't worry about others because I know that most people are terrible at trading, right? They they're far too emotional

right? They they're far too emotional at, you know, extremes.

um including Peter Schiff, which is why I kind of, you know, will, you know, tease Peter Schiff. Um but I don't really worry about that. Um you know,

you have you just have to understand price and those people are just far too late to the party, right? They're far

too late to the party. Um I don't need to know the why. Oh, but China's got, you know, restrictions on silver. Oh,

but you don't understand, Ariel. You

need a ton of solar or silver for solar panels. But you don't understand, Ariel.

panels. But you don't understand, Ariel.

There's not even enough to meet the paper demand, you know, in the London exchange. Dude, we all know that news.

exchange. Dude, we all know that news.

All of us. We It's like everybody knows that news. And so that how does that

that news. And so that how does that help you? If everybody knows the news,

help you? If everybody knows the news, how does that help? It doesn't.

Yes. Gold. I I actually didn't buy gold itself. I bought uh GFI, which by the

itself. I bought uh GFI, which by the way was a mistake. But yes, if you even go back and look at any of my tweets um

in the end of 2023, I talked about how beautiful of a 10-year cup and handle um gold was. So, it would have to look at

gold was. So, it would have to look at on my other charts, but gold coming out of here was a gorgeous 10-year cup and handle.

Let me see if uh gold futures will show it. Whoops.

it. Whoops.

No. If we went back further up, you would notice a beautiful, beautiful from way back here, a gorgeous cup and handle.

And if you just kind of go back on my feed um on X, you'll see me talking about it quite a bit. So yeah, it was just a beautiful, beautiful 10-year cup

and handle. And um I unfortunately

and handle. And um I unfortunately bought GFI at the time. It didn't

perform nearly as well. Although GFI,

you know, it was very very choppy in here. And then, you know, eventually it

here. And then, you know, eventually it ended up making a good move, but not until 2025 when I was focused on, you know, gold in 2024.

Like, this is the action that GFI was was still doing all year. Meanwhile,

gold was already going up.

Have I reviewed Rivian? Yeah, trying to get out of a stage one base.

Yeah, Rivian's trying to go into a stage two uptrend. Looks good.

two uptrend. Looks good.

Oh, I can draw alt t.

Oops. Hold on. Hold on. Hold on.

What?

Alt t.

Huh? Did you look at that?

CELC.

Um, maybe a little bit more sideways. I

don't know that I would personally buy that one.

Yeah, that's the thing. you know, when you're when you are when your P&L is flatlining and you're taking a bunch of trades, that's actually not a bad thing because that if you can manage risk and

have small green, small red, and flat trades, you're managing risk really well to not really let your portfolio draw down. And then every now and again,

down. And then every now and again, you're just going to continue to swing the bat right down the center of the plate. And every now and again, you're

plate. And every now and again, you're going to make really nice contact with a stock and it's going to end up being a home run, right? Don't do anything differently. Just be patient in your

differently. Just be patient in your winners when you have them.

ARQT. Again, same deal with these biotechs. I like them, but please,

biotechs. I like them, but please, please know if they've got peduva dates, how much money they have. You need to know everything about them. Otherwise,

you get caught in a big gap down. I

don't really trade biotech for that reason anymore. I I far too many CNC.

reason anymore. I I far too many CNC.

This is ugly. Far too many times in my life, uh, yeah, this is disgusting.

There's no reason for you to be looking at that. Um, yeah, far too many times in

at that. Um, yeah, far too many times in my life have I been up six figures on a biotech only to, uh, take a red trade on a, you know, gap down for earnings or, uh, an offering.

Airbnb, you know, these travel stocks are acting a whole heck of a lot better. I don't

know that I would buy this. We're just

straight up off the bottom, but you start to flag out and that would be a whole lot better.

VIAV.

Uh, yeah, not bad. I I like how tight we are here. We're gapping down, though.

are here. We're gapping down, though.

So, anyway, guys, I just realized the time.

Much love. Hopefully, you guys all had a super wonderful Christmas. It's going to be a nice quiet week this week, I would expect, with the new year on deck. And

then after January 2nd, we'll really see kind of what's going on in the market.

Again, hopefully you guys all had a really nice holiday. Happy to be back on the desk. Happy to be trolling a few of

the desk. Happy to be trolling a few of the silver um newly minted silver experts. Um and uh I will see you guys

experts. Um and uh I will see you guys bright and early tomorrow morning or I will see you guys in the room in a few minutes. Have a great rest of your day,

minutes. Have a great rest of your day, guys.