ZOOM EARNINGS Incoming 4:05 ET❗🚀 Bitcoin $95000??👀 | Nov 25 RECAP

The stock market was relatively flat on the day, with small caps and mid-caps outperforming. Notably, Rivian surged 133%, and the quantum computing sector saw gains. Zena, a small-cap stock, had a significant run, closing at $7.70, up 300% for the day.

Day Trading

• 00:00:00 The market was flat, with small caps leading the way. The speaker was focused on finding short opportunities in small caps.

Nvidia

• 00:05:53 Nvidia, a top performer, was trending downward, breaking its upward trend. The speaker was not interested in Nvidia as a long-term investment but was looking for a potential short opportunity.

Small Cap Movers

• 00:10:26 Several small caps, including Zena Tech and SMCI, experienced significant price action. These were potentially good trades based on their short float, low liquidity, and strong price action.

Ibit

• 00:14:16 Ibit, a Bitcoin ETF, was experiencing a trend break, as Bitcoin rejected at the $100,000 mark. BlackRock's spot Bitcoin ETF saw over $1 billion in trading volume in the past couple of weeks.

Rivian

• 00:18:35 Rivian had a very strong day, surging 125% and breaking out of its base at $10. The speaker described the setup as an A+ trade.

Cassava Sciences

• 00:22:53 Cassava Sciences experienced a significant drop, falling 82.5%. The speaker was watching for a scalp opportunity, expecting it to hold above the $4 level.

Hims

• 00:27:17 Hims was a strong performer, breaking through a key level at $30.50. The speaker was looking for a long opportunity, with a stop loss just below the $30.50 level.

Zoom Earnings

• 00:31:29 Zoom was set to report earnings later that evening. The speaker was cautious as the stock had been trending downward throughout the day.

Short Seller Report

• 00:54:56 The speaker discussed the common strategy of short sellers to release reports when they are exiting their positions. He cautioned against shorting after a report is released, as it is often used as a liquidity play.

MSCI Rebalancing

• 01:36:54 The speaker discussed the impact of the MSCI rebalancing on the market, noting that it would likely result in significant imbalances in the market.

Solar Names

• 02:14:42 The speaker and guest discussed the potential for a bottom in the solar sector. The speaker noted that TAN (the solar ETF) would need to close above $40 on a weekly basis to be considered a buy.

MicroStrategy

• 02:17:25 The speaker and guest discussed MicroStrategy, a Bitcoin-focused company. The speaker noted that MSTR is a leveraged play on Bitcoin, and its price action is heavily influenced by Bitcoin's movements.

Altcoins

• 02:23:47 The guest discussed the potential for altcoins, specifically mentioning Ethereum's potential to outperform Bitcoin. He noted that the rotation from Bitcoin to altcoins could be similar to the rotation from large-cap stocks to small-cap stocks.

IWM

• 02:27:26 The guest discussed the IWM (Russell 2000 ETF), noting that it is not a ticker he personally trades. He suggested that investors use IWM as a hunting ground to identify strong individual small-cap stocks.

Zoom Aftermarket

• 02:29:58 After reporting earnings, Zoom experienced a small dip but then rallied after announcing a buyback. The speaker noted that buybacks can often be a catalyst for price movement.

Zena Aftermarket

• 02:30:25 Zena continued its impressive run after the market close, reaching $8. The speaker was surprised by the move, as he had expected it to pull back earlier.

Kohl's

• 02:31:58 Kohl's announced that Ashley Buchanan will be appointed CEO, effective January 15th.