Live Market Questions & Analysis

The speaker discusses the current state of the market, including semiconductors, Russell 2000, Tesla, and Bitcoin, while providing insights into his trading strategies. He then shifts to promoting his educational service, Alpha Trends, highlighting the benefits of his swing trading approach and educational content.

Semiconductor Stocks

• 00:00:54 Semiconductor stocks are experiencing a period of rest after a strong year, with indicators like the 20-day and 50-day moving averages suggesting a potential slowdown. Nvidia, specifically, is underperforming, and the speaker cautions against buying semiconductor stocks in the near term.

Russell 2000

• 00:08:13 The Russell 2000 recently reached a new high for the year, but the speaker advises caution as it broke a pattern of higher highs and higher lows. He suggests that a correction might be underway, emphasizing the importance of understanding the personality of the vehicle being traded.

Stock Picking Strategies

• 00:09:46 The speaker prefers a bottoms-up stock picking approach, focusing on stocks that are showing signs of a stage two uptrend, such as Amba, Lemonade, and Affirm. He explains his strategy of using multiple time frame analysis, taking thirds off, and waiting for five minutes after the market opens before setting stops to avoid manipulations.

Tesla Stock

• 00:14:41 Tesla's long-term outlook remains bullish, with the stock trading above rising moving averages. However, the speaker recently got stopped out of a position and is currently cautious, suggesting a potential pullback towards certain anchor levels before considering buying again.

Bitcoin

• 00:17:53 The speaker discusses his Bitcoin position, including his long-term holdings and recent purchases. He highlights that he is still under-represented in Bitcoin and plans to increase his position on further dips, but he's wary of establishing a full position in the short term. He outlines his risk management plan and potential exit strategies.