State of Small Caps, Memory Breakout & Top Trade Ideas

What's happening guys and welcome back to another Sunday scan. We have Nathan Micho back on the show. Nate, welcome back to Sunday Scan. How you doing? >> I'm wonderful. How you doing? >> I'm good. It's been a while, probably six months or so since you've been on uh scan. We kind of caught up for the new year. Uh we wanted to see what you've been up to. Uh you know, how has this market been and just kind of talk through a bunch of different moves and catch up on some uh you know, pretty cool exciting projects. So, um, starting out with, you know, you took a break from, you know, Sunday scan, some of the more public stuff to kind of just focus on trading and in IU. So, you're still in IU every single day. You're still sharing all of your ideas and watch list and everything. So, how's it been to kind of focus a little bit more on trading and not have to worry so much about, you know, planning your weekend around, you know, where you're going to film at and everything like that? >> Yeah, I mean, it it is it's it's a lot because it's like it sneaks in Thursday, Friday into your your thought process. Saturday, you're starting to kind of formulate what you might talk about on Sunday. And until you're done actually doing the video, you don't have that break. You don't have that like full presence. So, part of it trading, part of it's family, kids, all that stuff because, you know, the weekends are the, you know, the markets, you know, done. Uh, it's closed. I can uh, you know, hang out with them. But if I'm doing the scan, it was it was difficult. So, yeah, I had to just cold turkey it. Um, and so I'm always thankful for for you doing that. Um but yeah and then and then obviously you know just kind of double down and and focus on on just trading and kind of also pivoting the way in which I I trade to more of a a balanced approach. Um less of the the small caps. You know nowadays if I'm trading small caps it's it's relatively small. I don't want to get into situations that, you know, you go circuit to circuit to circuit and it ruins your month, year, um, you know, or account as, as we've seen on some of these moves that, you know, just absolutely demolishes traders. So, um, you know, I've been more focused on the the macro, um, more focused on bigger picture trades. I had a really good run going in through most of the year. Um, I had a a pretty sizable um swing on on a biotech that I I ended up, you know, ate and then uh ended up coming back. Um, but I had bailed some at the lows unfortunately. Um, so that was a pretty uh volatile week slashmon. Um, been climbing back from from that. Um, but other than that, it's it's really just sort of fine-tuning and figuring out what what best fits the current balanced approach I'm going for now. Um, and you know, a lot of it like right now, obviously, the market's going straight up. Um, it's it's difficult, especially if you're watching the headlines because I mean, they're going to force you out of position. you're going to you're going to feel the need to like get out and and maybe be cautious before the weekend and then all of a sudden we're you know we had the 487th ceasefire and you know things are gapping up and um it's just it I think it's best to ignore all the noise and and just you know do what you do Ariel does everybody else is just focus on the leaders focus on the stuff that's consolidating um at higher levels and you know once it once it breaks higher like trust it you know I've always come from a a contrarian, you know, view. Um, where I'm looking for those exponential moves that those exhaustion points and things like that, but, you know, in this market, uh, it's it's kind of a waste of time. You know, you don't really need to anticipate a reversal. You don't really need to, um, look for that turn. It's just let it turn. Let it let it actually happen and then join that versus, uh, you know, trying to trying to find it. Because for the most part right now, I mean, it's just V-shaped reversal after V-shaped reversal. And, you know, things I used to look for where, you know, you've got like a a parabolic move starting day after day after day. Uh, you know, you're always looking for that next day gap up. And I feel like recently it's just typically a gap down, the day that you're most excited about the the trade and and um looking for that parabolic move to to trade. and you know it does the gap down and then another V-shaped reversal you know back up. So it's it's been an adjustment. Um you know I I know there's I I would say this year is is extremely uh beneficial to like the traders that follow like themes and I feel like money is going from one theme to the next theme to the next theme and the sooner that you can figure that out the the the you know the faster you're making you're making money. I've been a little bit slow uh at at that adjustment and and trusting the moves. But I I feel like if you focus on on where everybody's been um talking about and and you know the charts that are lining up that that's where the the money's been made. >> Yeah. Yeah, and I feel like it's a balance, too, because, you know, on the small cap side, you know, when when everyone's talking about something, when like everyone's, you know, bullish on something or bearish on something, it's usually pretty good contrarian sign of like, okay, everyone's thinking about the same thing and it's, you know, if it starts to do the opposite, then you can have, you know, a big move. But then with larger caps, it's a little bit tricky because, you know, you have really institutions are the ones moving some of these things. You've got a trillion dollar company like Micron and it's like yeah everyone on Twitter is talking about you know how compressed it is and how bullish it is and everything like that and it's easy to get into the mindset of like you know everyone's expecting one thing something else can happen but you know really it might just be you know 800 traders you know is you know relatively small retail accounts you they're not moving Micron the same way that they would be if it were a five million market cap company or something like that. So that that's definitely something uh to keep in mind because I feel like for some people it's almost you almost don't want to be wrong going with the crowd, but you just got to think about like what's actually driving the stocks. And if it's not the the crowd making a lot of noise, that can be a part of it, but they're usually not the the big, you know, money that's like actually moving these things uh dayto-day. And then like we talked about, you know, with some of the memory trades and everything after like the Leopold like blow up and everything. feel like these the cycles, you know, it's it's very similar for people who are, you know, more familiar with like the small cap cycles and thinking in terms like that. It's it's similar just on a much larger scale where it's like, yeah, you had a big player blow up and you have like a big deleveraging happening in South Korea and it's like the same thing but just with billions or tens or hundreds of billions of dollars as opposed to, you know, a couple million dollars. So, I mean, I like how do you kind of relate some of those cycles from large caps to small caps? like do you think about it in a little bit different terms or >> you know I feel like coming from uh you know trading a lot of small caps I I almost feel like it it um like I I do come sometimes with that contrarian view and I and I feel like you actually need to trust large caps more you know when you do see these setups these breakouts things like that I come from you know small caps where like the most obvious breakout is likely the exhaustion point um but then you've got MU which is like the most obvious thousand break and it works perfectly, right? So, I feel like there's some there's a a bit of an adjustment um that you have to kind of make as far as how you how you look at at the macro or the the big caps versus the the small caps. But to your point, yeah, I mean it is it the the LEO kind of trade there. I mean, unfortunately, I was there. I was I was taking a little haircut haircut uh the two days prior. That final day, I I finally had a really good position that gave me the ability to scale in. And if you remember, that's the day that it went, you know, straight into I think it might have even been an FOMC day or something, but started to go nuts into the close. And then the last like 15, 20 minutes, it just went straight to the lower days. and like all that work to get on the right side to scale and then I just ended up uh bailing on the trade and then the next day it gaps up and you know of course I'm waiting for the dip. I'm still waiting for the dip to to get long but uh you know that that was like the most frustrating part but to your point it's a lot like small caps where they're always going to go a lot further than you think in one direction and then also catapult the other way further than you think. So then it ends up consolidating somewhere in the middle and then it picks its you know secondary trend from there which obviously at this point it's been you know back up for MU and and SNDK and to your point with uh small caps too you know I feel like those have uh changed in a in a big way um you know I I will not trade you know super low cloak type stuff it's just one of those things where you literally can't like get off your desk these days um with with the way that they move. And it's not even necessarily that they're bad trades that you're taking. It's just, you know, it's the same same players, but some players have gotten bigger and bigger and bigger and so it's like concentrated large scale positions and all it takes is, you know, maybe triggering one or two of those traders out and then you start to like catapult the stock higher as smaller accounts start to blow up and and so on and so forth. So, it's it's definitely a different game. It's always been crowded, but not to this degree with, you know, maybe a handful of of traders, you know, it it almost has become gamified. You know, it's it's literally like a game, longs versus shorts. And, you know, the smarter that um you know, maybe some of these shorts get, guess what? So are the so are the ones that are rigging, you know, the stock that uh that are that are behind it. They're learning, you know, what causes you to add. They're learning what causes you to to get complete confidence. They're learning what's going to make you want to hold short overnight so that they can make you pay for it, you know, the the next day. So, it's just a a constant battle of, you know, this back and forth long short battle. So, you know, once again, it's a it's another good good reason to focus on on the larger caps and less headaches. >> Yeah. And I feel like it's so important just to be able to adapt to that because you know all kinds of you know stocks and market caps and everything they all go through these you know big cycles and maybe after uh you know 6 months or a year of you know small caps being super difficult like on the short side because it's so crowded and everything like that maybe you have a lot of shorts kind of back off and it gets really long crowded again and then that that cycle resets but to your point like with the PDT uh rule change with some bigger players in the small cap space with a lot of like the Chinese names and like the you know liquidation plays is kind of coming back. It's a totally different game. there has been, you know, some pretty good long opportunities and I know that like you and I um you know, we we trade those a decent amount too, especially the ones like uh you know, if it's got super high volume and float rotation on the day, uh maybe makes a big move in the morning, kind of flushes down, it looks like it's going to break down, gets saved, and then kind of starts to grind up and then it goes. Uh you want to talk a little bit about, you know, between those. It's like the the day one, you know, uh float rotation names and then the liquidity traps. feel like you've been fairly active with some of those on the long side, which has been nice and just, you know, goes to show adapting you can still have a lot of edge in small caps. You just have to, you know, change the way that you approach some things. >> Yeah. And and again, even on the long side, I'm still not sizing like I I I reserve any size for more of the the larger cap. I I still like to dabble here and there, but yeah, the liquidity traps are are working exceptionally well. Um, but the problem is is sometimes it takes like that extra two or three, you know, like they start to go and then they round trip and and you know they're almost like training shorts like all right, yes, short it works. Yes, short it works and then the third time they make you pay. Um so it's it's been difficult to trust um like AEHL a recent one um and I think they had done like a offering or raise or something like that one of the days after hours but you're starting to see a lot of that where they actually you know put do some sort of offering but that ends up being the the trap itself. Um and then they play koi for a couple days then they go then it fades off does nothing and then it just comes out of out of nowhere. So they they're almost playing like the failure um to deliver game, you know, trying to create like red show situations and you know, basically forced buyins where they can kind of control and and force somebody to have to exit their position. But um it's it's it's definitely uh difficult out there for even like trusting which one. There was one on Friday. I forget the ticker. Um but uh you know it it ramps up and it and it lasts three candles and then you're waiting for it to kind of show that it wants to hold a higher low and it just completely reverses. So that's the difficult part about uh liquidity traps is you don't know whether or not like that day three day four move is literally just going to exhaust out the rest of the shorts and it's met with supply or does it turn into some sort of perpetual squeezer which we've had recently BIA AF I think was one of them um and a few others. So, uh, those are the ones that, um, I like to focus on, but again, it's I I just don't trust it with with size these days because even on the China ones, like I I don't even trade the China ones because you're you're one circuit halt down, you know, away from a circuit down um, and capitulation. >> Yeah, for sure. Um, yeah. So, it's been nice to focus a little bit more on the the large caps and things like that. And I know that, you know, with large caps too, you also have like the option side that plays a lot into it. Like we talk a lot about like those V-shaped recoveries. And I think a lot of that is, you know, you have these like broad trends, you know, certain variants with them. They flush down and then you have, you know, option sellers, you know, might be selling puts or something like that and that can kind of put a floor in it and then kind of grinds back up. So I feel like understanding a little bit of that and even if people aren't like options traders um you know some of the the tools that like clear street has are really useful for understanding that because you can just ask it a question like we were um you know on I think it was Friday we were playing with the new um you know AI feature in clear street and some of those accounts and you can literally ask it you know what what are the most uh you know liquid or high volume strikes what has the most uh open interest where is it been pretty active and that's super helpful for me when I'm looking at like a breakout on MU or something like that. I'm looking at okay, you know, where where are the call buyers stepping in is that call wall kind of rolling up or something like that. So, I feel like that's been a huge edge uh just for people whether they kind of come from that background or not to be able to do that. Um, you know, I I know that you use that uh you know, Omni tool a lot too. You want to talk a little bit about that? >> Yeah, I've been uh playing with it every single day since uh I opened the account. It's it's obviously new. It hasn't I mean, it's rolling out now. Um, but uh to your point with the options, one of those other things too is if you have like a portfolio, you can also have it look at what positions you have if you wanted to sell cover calls and things like that. You can actually ask it, you know, which ones you should be doing and and things like that. It can come up with trade plans for you, which is pretty cool. Uh it also has you know for the small cap traders you can ask you know similar to um looking for delusion um you know does it have a high degree of uh or does it have a high probability that they're they're going to raise how much cash they have left all that kind of stuff you can ask um one one of the things that I like to and and one thing that I thought of like even Ariel where he u he typically takes a percentage of his portfolio right and maybe risks to the low a day you can literally say buy, you know, IBIT IBIT, uh, 2% position risk low a day, and it'll come up with, you know, not only the the entry, but also the stop. You click one button and it's done. Um, so it's it's pretty useful. It's it's uh I'm I'm excited about it. Um, and uh it's it's come a long way in the last six months, and I can't imagine where it's going to go in the next six months. >> Yeah. and we have uh you know they they did a a deal with us. So um we're going to throw a QR code on the screen and I encourage everyone to check that out. But basically can you talk a little bit about you know the deal with Clear Street with some of the uh accounts and what they're letting some you know uh Sunday scan viewers and some IU members uh you know in on? Yeah, this isn't uh it hasn't been push uh posted anywhere yet. So um first of all you know we're we're obviously a partner with with Clear Street. I'm an investor in Clear Street. Um I'm I've just always been excited with everything that they, you know, obviously do. Six months ago, I went to New York City. I got to see like the first uh piece of of the app and uh Raj was working on it. He was excited about it showing me and I was like this is absolutely you know the right direction. Um, but it was still in like the infancy, you know, stages. And then flash forward to, you know, three months later, six months, you know, today. It's a game changer. And um so I mean I I will buddy just to to download um you don't have to throw a bunch of money at it. But if you do check it out and you put uh 5,000 in and minimum as long as you have that balance in 90 days, you're going to get $250 um as well as a three month of IU. So, uh, I would encourage everybody to check it out. Just it's similar to like the early AI days and you saw some people starting to sort of vibe code and do a bunch of different things and start to like spend money on tokens and and all that good stuff. I would encourage you to check this out. It's a very sophisticated Robin Hood app and um I I I think that you'll be impressed. I think it will change the way in which we trade. Uh and I think that it's it's worth everybody at least checking it out and you know see what you think on your own. Um but there's no risk there. You're getting paid to to check it out. You're getting a month of IU to check it out. And uh like I said, it's it's I I think it's going to be a game-changing uh app year coming in the next, you know, year based on seeing how much they've done in the last 6 months. >> Yeah, 100% agree with that. And I I've really enjoyed using that tool and it's all real time market data. So it's it's very different than like trying to plug something into u you know another kind of uh you know AI platform where it's like it's it's scraping all the data in real time and it adjusts in real time. So like you know whether it's dilution or options or anything or putting in buy or sell orders like it's it you can't there's nothing else like that out there right now. So it it's been very cool to uh to play around with. Um yeah I think too uh just seeing like Raj like he's just excited you know being behind it and and um coming up with it. But the most important part from my perspective is feedback. And so, you know, he is very receptive to, you know, feedback and and I think at this stage, you know, being able to to check it out and giving some of that feedback. I mean, they they want it. They want to they want to hear your thoughts on it, your honest feedback, and how they can make it better. So, um, and and being able to say something and then kind of see it be changed or say something and and see it be taken into consideration, uh, is is cool. So um one thing I forgot to mention it too is uh you know related to a bank account you're going to be getting 3.5% as well. So it's not like the cash just sits there idle. You are getting uh the normal interest money market type uh rates um as well. Um for the the founders link this is like the original first people that uh get on it but uh there are they they are going to have IPO uh shares as well which is cool. And then uh for the accredited investors, they have um which is really neat. Um some of the private market deals uh which they are opening up to clients as well. So check it out. I don't think you'll be disappointed. Play with Omni, play with the the the model there. And um just it's it's fun. >> Yeah. And we'll we'll link all that in the pinned comment, too. So, if you haven't already scanned that QR code on the screen, click that link uh in the pinned comment and you can check it out. But it's really, really cool. Um, we're going to get into some main watches and some watches for the week ahead. Before we do, I will give the disclaimer that everything we're talking about is for educational andformational purposes only. We're not financial adviserss. Uh, and these are not buy or sell recommendations. So, um, I'm going to pull up some screens. We're going to walk through some recent moves and then talk about uh, some things that are on watch for the week ahead. So, uh, Nate, I will pull up your screen and, uh, you know, let's, uh, jump in talking about a couple of recent moves. You want to start with the SNDK, the MU types or, uh, some other ones on your radar? >> I mean, SNDK and MU are pretty, uh, pretty straightforward. You've been all over those better than I have. I mean, it's really about trusting the move and and letting them run. My Actually, I had a question for you on this. Do you think these are going to be do you think this bid's going to kind of last into the end profit IPO? Do you think it's kind of like the ASS's and ARKBS leading into like the SpaceX? >> Yeah, I really do. And there's a couple reasons for that. So again, like we were talking about cycles earlier on and you had this huge cycle with obviously the memory names, they ran up a ton. Uh so the whole story with them in like a 30 second recap is, you know, with the advent of AI with everything, everything uses memory. It all has a story. So memory names have gone crazy because their sales are going up multiples, their uh you know, earnings are going up multiples. And so if you were to like plot their sales and their earnings along with the stock charts, yes, they've gone parabolic over the last, you know, year or so, but the earnings and the fundamentals have, you know, really gone up with those. So that's kind of been like the fundamental driver of them. And then you get into more like the short-term or like the couple month cycles where you have, you know, hedge funds piling into them. They're like the market darlings. And then you have a blow up of a big player like uh, you know, the LEO guy. And so then all the money comes out, like the South Korean market deleverages everything. And so I feel like we just went through like a deleveraging cycle in the memory names while the fundamentals have held up pretty well. And so usually that can make for a pretty good time for these moves to continue uh you know higher because at the same time you have a lot of consolidation, a lot of you know like a hot money flushed out. You have you know the fundamentals still holding up pretty good and then you also have just that new cycle of like people starting to put money into these again uh you know starting to rotate into these again. So these are the kinds of breakouts that that tend to work in my opinion especially in a market like this. And uh Praep has a great quote like he always talks about when he's thinking about breakouts or anything he he asks himself is he in an environment where breakouts are likely to work and you know as I look through some of the AI names as I look through some of these recent runners breakouts are working. uh you have you know big big AI stocks that are you know following through and that's a good sign that you know when you have posit positive catalysts coming out of a nice tight consolidation and you have money coming back in those are the moves that tend to follow through and then if you get like uh you know bullish options flow or things like that that you can track with Omni um those are just really good signs and it's a confluence of things. So, uh, last week, uh, maybe on Wednesday or something like that, I ended up doing a video within IU. It's like we we do video lessons in there. And so, we basically talk about, you know, concepts and market thoughts and everything. So, I went through a whole walkthrough about MU and how it was getting so, you know, tight on the daily, uh, you know, kind of talking about like that the cycle of money coming back in and just kind of being on watch for like a huge move to come and that like things like that, they can be helpful because then, you know, one or two days before the move happens, you can have everything planned out. you can know exactly where you're going to enter. You can know, you know, if you're going to do calls or something like that, like options on it, you know which ones are mapped out. So, we ended up having some really good trades on those on uh Thursday or in definitely into Friday. Um, you know, I had some of the 960 uh calls on MU and those ended up going from, you know, like nine or something like that to 50 or 55 over the course of that day. And of course, you know, I didn't make the the whole move, but you know, you get some, you know, triples or something like that on there. some some really nice trades on some some large caps. Um, and so there's many ways to trade those with swings and everything. So, I think that these names do have legs. I think that they will likely continue, but then you get those little pockets of those those flush outs, like those morning shakeouts and everything. So, kind of just being on watch and using those as opportunities to join the trend as opposed to like anticipate these big trend reversals. So, that's kind of where I'm coming at uh on these. What are your thoughts on them Nate? Yeah, I mean overall I mean to your point too, it's like the overall institutions getting in there. You can kind of see each of the flushes get you know that it comes back with a a wick which is typically what I look for both on um you know more of the the large cap names as well as you know small caps when that wick gets you know swiped right back up. So yeah, I'm always looking on these for weak opens potential red to greens. Um, you know, I'm looking at uh MSTR, another one. There was a couple times like when I'm trading these. It's a most of the time it's a waste of time to look for the the fade. Um, looking for like a failed follow through. Um, that's probably where I've wasted most of my time, you know, the last two weeks is is sort of waiting for it to turn versus just going with the the trend. Um, but a lot of times what I'm looking for uh on these types of moves is where is it where is it basing? And I just put a line there, either a price alert within IU just to alert me when it breaks or just putting a line there to to remind me don't screw with it, you know, uh unless it breaks under that level. And breaking under it doesn't just mean it's time to go. It's about breaking under it and retesting, you know, under uh under that that level, making that base become sort of the the ceiling. So, um you know, my my go-tos lately have been, you know, the MSTR. Um SpaceX has been great as well. Um it's been a a nice little trader. Uh and uh the other one on Friday was uh GoPro. GoPro is an interesting one. This one's like almost like turning into a liquidity trap of sorts. I feel like there's just max confusion with, you know, sort of understanding the the deal. They're getting like a $114 in cash. Um, and then, you know, obviously the the the new company's going to roll in. They're I guess it's like a reverse merger and then they're um staying trading. They're not, you know, going private or anything like that. So, um I I just feel like it was max confusion for uh traders, which is what gives us these these crazy types of moves. So, for for this thick of a float, um this has been a pretty good one. Um but I'm continuing to watch this one from from a long perspective um for maybe like a week open. If it starts to go, I'll join the trend just like this. You can see kind of uh off the the early uh morning here kind of pulled back. it flushed down and held that prior low and I started to get long. Basically using low days as sort of the guide and then when we got um that sort of parabolic move I went ahead and and locked in. Ended up trading it again um on the flush. But again, similar to like MU SNDK and all that stuff, if you're buying the breakouts, there's a good chance that you're just going to fade back with it. But if you're buying the flushes along an overall trend, that's where, you know, the the best edge is. And you can kind of see that uh even SNDK the the prior day, you know, where it's it's got this nice little breakout. And if you're buying those breakouts, then you're met with like a 30 $35, you know, pullback. So again, it's about positioning into weakness versus some sort of overall support um is what's been working. Anytime that I try to do something different, I'm just, you know, kind of taking little hits here and there. Um, and then SKHY was a just a clean clean breakout. Again, very similar. MU SNDK. It just starts to get super super super tight. Um, I kind of call that like getting foiled. Um, similar to not SNDK, uh SPCX where it was getting super super super tight. And on scan, I was like, I don't know which way we're going, but it feels like we're close to like a breakout day of 7 to $10. that that could have easily been a stuff at 140 and then slam down to the 130s. Or it could be, you know, this little trap and then the blowout to to 150. But, you know, as these things get tighter and tighter and tighter, it's just about recognizing that and just making sure you don't get on the wrong side of them because once it does expand, you know, you might be used to that one or $2, $3 range, but then all of a sudden it opens up and goes seven to 10, you're outsized, you know, for the move and, you know, it could be a a a terrible trade. So, you know, just this type of market compared to like prior scans and and prior years, you know, usually we'd have like these these steady gap up parabolic type moves. Like I said, a lot of those have been being ruined by gap downs and then just, you know, continuation. Um, for me, I wake up, I check the the stocks that are up 20, 30, 50% plus, see which ones I like. um you know, for for small caps, if there's only two trades, two three names that are they're going, then I'm going to assume that they're going to be super super crowded and every single short trader that's in small caps are going to they're going to be focused on those. And so for me, that's like a sign to avoid. If there's, you know, 10, 12, 15 different gappers, then I know that it's going to be spread out amongst, you know, all those all those names. So, those are the days that I might pay more attention and pick one or two names that looks like it's cleared out, looks like the crowd's kind of passed versus trying to figure out which way it's going to go. So, those don't necessarily make the scan for the the next day. But, as far as, you know, what's been behaving well and and good for me is is the SP uh CX uh MCR. MSCRs trade obviously off of uh Bitcoin. You can do like a hood off of that as well. this one uh has always had some some nice legs whenever Bitcoin starts to go. Um so I've been watching that. Uh and yeah, we're just in that that steady kind of grind mode market and you shouldn't expect anything different than that until you know we either start to squeeze out parabolic or you know something shifts in the market um you know something with uh Iran or you know whatever. So, that's pretty much it for, you know, what I'm prepared for. Um, like I said, it's just a little bit different of a market than when I used to prepare on small caps and things like that. It's just you just don't know if you're going to get a a huge gap up or gap down. And it's better to kind of come to the market um not necessarily with a bias, but kind of having two plans. You know, if it gaps up, these are my levels that I'm looking for. If it gaps down, this is where the support is, and this is where I'm looking. Um, but that's pretty much how I've been, you know, sort of playing this particular market. >> Yeah. And I feel like it's nice, uh, within a market where you kind of show up and then you see what's in play and kind of build your plan off there. That's one of the benefits of IU. It's because you have a bunch of people who are, you know, seeing it like they're scanning for what's on the day and then they can say, "Okay, this one looks super crowded on the short side, ton of float rotation. Maybe that's a long I'm mapping out these levels." And then they'll share their levels like in IU because we have shared um, you know, levels and and key levels and things like that. So, that's a nice one. And then, you know, just not having to to figure it all out on your own where you can be like, "Oh, well, Stan's watching this one today. That wasn't even on my radar." Uh, but, you know, now I'm locked into that or Nate has a great idea or, you know, Nick's doing something or like Emil had a really nice entry on MU on the the breakout day like, you know, in that morning flush like, you know, shook out a ton of people and Emil was like, you know, perfect entry versus like the low day. You got like a you know, $ five dollar risk and, you know, you make, you know, 50 60 bucks uh, you know, on on the the rip there. So, it's just a nice way to get a bunch of idea generation in uh real time. So, I'm going to pull up uh my screen now. We'll go over a couple of names. Um uh we were talking about, you know, MU. And I feel like uh a nice thing about this market is that so many of these names have the 2x uh leverage ETFs. Now, it's a nice way for people who might not be like options traders, but they still want a little bit more, you know, of like the the intraday move than just like straight up equity. So for things like even like MU, it has MULL or some of these other things that are pretty good uh vehicles uh for that day. So like they're meant to track intraday moves and they have a bunch of things going on behind the scenes to kind of like peg it to that uh you know move for it. So these are nice ones to keep on watch especially for like the MSTR types, the SNDK types, the SpaceX types. Um and so like uh something like NL is something too DL. I traded that one last week. >> Yeah. Yeah. Those are really nice ways to express those trades. So, I feel like we've been doing a lot more of those. Um, a couple things that I'm watching for the week ahead. So, oil, you know, we've had a bunch of thoughts on oil over the last, you know, multiple Sunday scans and just talking about how like you can have the same situation or the same headlines, but at different points of time, uh, it can set up differently. So, you know, all the the panic about like Iran and like the straight of four moves and everything, you had that initial leg up here and then they kind of talked it down and said, "Okay, we're going to work out something." and you know they were drawing from the uh special petroleum reserve and everything like that. So, it kind of helped things to unwind, but now you have the reescalation and now you have like no inventory left in these, you know, uh, special reserves. And so, it's just been a much much more u, you know, bullish environment for some of those oil names. And, you know, we we'll see. They've had a steady flow going through the straight of four moves, a couple million barrels, but still still a deficit. So, I think that oil is still very vulnerable to uh upside moves, especially on any headlines where it's like if a ship is struck or something like that. It's just very very jumpy and sensitive to those upside uh moves. So, oil is still on watch, very much in plane. Any negative headlines. Um you know, for you know, the conflict, it's unfortunately bullish for something like uh oil. A couple other things, we've had a ton of uh Fed, you know, speak around like uh you know, rate hikes versus, you know, holding steady. and I feel like they're just kind of changing it every single uh day or every couple of days. So, those have been nice opportunities when, you know, bond yields are going crazy and they're spiking. I'm looking at things like IWM, which might be inversely correlated. It might go down on a day like that and then sometimes, you know, money rotates into tech when rates are high or things like that. So, it's just kind of been on watch, but again, I give my real thoughts on those in investors underground. So, kind of dayto-day as those headlines come out. Um, that's that's a nice thing there. Um, Nvidia has held up pretty well. uh you know after earnings obviously it had a little bit of volatility but it's kind of just basing towards these highs. So AI trade very much in play and a lot of these names like SNDK and MU are really coming out of those long bases. Uh you can see the initial you know run up there and then a lot of consolidation. A lot of the the leverage came out. It's the same thing within crypto. It's like crypto has these huge cycles where you have a ton of leverage buildup and then everyone you know kind of gets you know super bullish and then something goes wrong. All that leverage comes out. everyone blows up and then it's kind of a cycle. You have to turn through, get new people in there, new leverage, and then it inflates again. So, I feel like that's where we're at with a lot of names like MU, SNDK. Um, so, uh, like Nate was saying, I've been watching for, you know, week opens or anything like that, maintaining more of like a bullish view, kind of bigger picture. I feel like having the the the duality of the bigger picture view with using the intraday to kind of get positioned into that, that's been super helpful for me uh, in a market like this. Um, another name on watch for me is Be. So Be had a nice uh breakout and um the momentum playbook. So the course that I did uh with uh Stan and Nick and Judah. Um one of the the setups that I went over was like the big picture breakdowns and the inverse of that is the big picture like breakups. And so a big picture breakdown might be you know after name is consolidated a lot starts to get heavy the market gets a little bit bearish you have these big flush outs and then usually after that uh if it's a solid name like you know uh Robin Hood or something like this a lot of times they'll consolidate for a while and do the inverse so they'll kind of build up against the base like this they'll get a positive catalyst and then they'll break right through as long as the theme's in place. So uh bees is on watch for more upside they just got added to the S&P 500 on Friday so they're already breaking through here. I think we're going to have a pretty good move up maybe into the 300s, maybe even, you know, 325 or so. And then, you know, as it gets a parabolic move into a big like resistance point, then I can flip my bias more towards some mean reversion, but I think it's still got some upside in it uh into the upcoming week. Um, we talked about be u um Bitcoin a little bit again uh going into like the midterms and everything like that. I feel like this kind of a new cycle. They're they're hyping up some crypto stuff. A lot of things are catching a bid. MSTR kind of uh you know getting getting their feet back under them after that catastrophe uh you know there and they had to delever a lot of ways. They were selling Bitcoin at 60K and now they're buying it back at 80K and all this stuff. So um you know uh MSTR has been very in play. So again if Bitcoin's ripping and this is anchored to it then you know usually uh you know I'm I'm looking for upside uh in something like that until it gets overextended or until Bitcoin has a big move that comes in. And honestly, a big uh one, and Nate, you and I were talking about this one a little bit, was uh this purr. So, uh Trump had a day when he was basically talking about how they're going to try to make Hyperlid, which this is anchored to, um you know, legal in the US. And Hyperliquid's been like a big one, uh to kind of, you know, get a lot of like stocks and things traded on the the crypto side. So, um do you have any thoughts on PUR? This has kind of been I got into a swing position on this on that announcement and it's just a nice way to kind of uh you know hold these as long as the what it's anchored to is is doing pretty well. >> Yeah, I think a lot of this is all going to be related to to Bitcoin as long as we kind of hover around 78 to 80 or above. Um that these things are all going to kind of hang on and and build and continue on. So um this one again it's if you're buying the breakouts, you're probably going to end up you know pulling back. So, I'd be watching, you know, flushes versus around that 1080 or 11 level. Um, you know, if you're using that, give yourself a little bit of a buffer to let these things work. Otherwise, you know, if you're if you're trying to do it too much size and and too aggressively, you're just going to get chopped out. Um, and I think that's probably, you know, the biggest thing in this market, especially for for me, is just sizing it down and and thinking more big picture because, um, if I'm trying to nail the move and I'm going a little bit more size than, you know, I should, that's where my my chop comes in. >> Yeah, totally agree with that. And then, um, we also have some other moves in, uh, like we were talking about Zcash. And so the same thing with PURR2 Hyperlid, you have the same thing happening now with uh this stock CYPH. Um they're kind of doing like a treasury strategy for um Zcash and Zcash has been going nuts recently. So a very very similar situation where you can kind of just have a big picture view of as long as Zcash is doing well. Uh CYPH is probably going to do fairly well and anchored to that but you need to uh you know position into them right whether that's on like uh you know a flush against like an overall trend or something so that you can get a good entry and you can hold through some of the volatility as opposed to buying the breakout getting flush in and then you know Zcash goes nuts this goes nuts you chase it back. It's you just have to be in a position of strength to participate in some of these moves, especially if you're thinking about swinging them or doing something um you know, big picture. And then a couple other names just on watch. Um Tesla, you know, had a decent runup into the cyber cab kind of event. And then you can see, you know, on a Friday, a nice give back a pretty nice move uh going on there. So, you know, that timing up some of these moves instead of uh, you know, going after it every single day while it's in like trend, unless you know, you're using like the upper end of like a trend line or something, waiting for like a Friday into an event after, you know, everyone's bought in and then they get flushed out. You can have some really nice trades. I mean, you go look at something like that where it's, you know, uh, 380 down to, you know, 350. Like, that's a big move. And you can do that with equity, you can do that with options or the leverage ETFs. Those are the times to really like lock in on on names like those in my opinion. Um, couple other names, CBRS kind of been back in play. OpenAI's announced a bunch of like new models and some pretty cool stuff going on there and it uses some CBRS stuff. So, that one's on watch for some continuation. See if we get some uh, you know, basing above these pullback levels here and then maybe another leg up. And then Oracle has earnings on Thursday. I believe this has been kind of a turnaround story in progress. It's had a couple of attempts but been pretty bullish uh, recently. So, as long as it's kind of holding these levels, comes back and retest, I think you could have a nice shot at some uh, you know, upside moves there. And then again, you have some leverage ETFs kind of around those, too. So, another way to play it, Nate already touched on GoPro. Um, and then just the last one for that Zcash comment. There's also an ETF uh, for that. So, those are the the main names that I have on watch for uh, this week. But again, a lot of it is showing up to the market. you know, being prepared for a lot of things, being familiar with the macro, being familiar with the big picture, but then using the intraday and other traders who are really good at their own niches to, you know, rely on them for idea generation, for key levels, and then of course, you know, having all like the tech and IU to like map everything out, whether it's the historical analysis tool, the theme tracker, like there's been so much cool stuff that Max has built, you know, over the last six months. Uh, Nate, do you have any favorite tools that have come out recently? I know even some of the range breakers. Yeah, range maker. Yeah, the range maker is always the top. I mean, that that's by far uh you know, I used to use the high day, low day scanner and stuff, but this is just the >> crazy. It's it's it's really good. Um you find out right away if it has news. It'll it'll tell you it both through sound, noise, as well as what the the U PR is. It it shows it. Um if something starts to pop, you can see the float right away as well. Um if there's rapid hits, you know. Um, so there it there's just so much information in that one scanner. Um, and then I I think the other one that's that's really good is the theme scanner. There's a lot of theme scanners out there. Uh, but we have like a real time theme scanner. So it's like continually changing and I think even Max mentioned uh I forget what it was crypto and something else, but it had flipped by the market open on Friday. So um that's kind of cool to see where the the money's going. Um, but yeah, it's just I the good part about it is is Max watches us do the same thing every single day and he looks for repetition. He looks at looks for things that he can automate to make us, you know, as traders lives easier. Um, and so that's what he's always done. So there's a lot of different tools on there, stock stats, you can kind of find out, you know, it it sifts through the filings, you've got all the like AI summaries of of filings, all kinds of good stuff. So, um, it's it's been super super helpful. And to your point as well, like in in markets that just kind of gap and grind up, I have a very tough time just being good with with chasing it and going and and and trusting that move. So, you know, while, you know, I I feel like the last couple weeks I've said, you know, there there isn't any A+ moves for for me. There's no A+ setups where I'm like confident that I can come in here and just, you know, hammer it and like this is my go-to. Um, so you know, it's it's good to to see other people's kind of viewpoint where, you know, especially like you over the last couple weeks, this is your market where you perform. So like it's it's fun to sort of watch that and get some ideas for from, you know, somebody else that's performing in this market versus, you know, myself where maybe the the A+ setups are not coming at the at the moment. >> Yeah, it it's nice to just get all those ideas from everyone. And I mean like I you know I'm looking at uh you Stan like Amia like Nick like all the guys in there Josh like it everyone has their own specific thing that they're really good at and the market just kind of ping pongs between these different market environments. So it's just it's nice to be able to be like oh you know Emil's really good at a market environment like this. This is like totally Nate's market right now. You know I I have a good feel for this market right now. So um it it's been a lot of fun. Um, and then yeah, that that rangebreaker tool is really cool because anything that's moving in real time, anything that's breaking highs, anything that's getting a surge of volume, it picks up on everything. So whether it's like a breaking news thing and like we got some of the the best literally some of the best news people like best news traders in the world in IU. Um, you know, like T530 is like some of these guys. Trader News AI like it's just it's great. Trader 530 is great. Trader News AI is he he finds a lot of stuff. you know, before it gets mainstream and then like you'll see it three minutes later and then everybody has it. Yeah. So, it it's it's been a it's been great. >> Yeah. So, yeah, they'll post something and like it's a piece of like obscure news and then you'll see it on the rangebreaker. So, it's like you're the first to see that move and the first to see the news and like you have such a leg up over a lot of other people just scrambling to figure out, okay, why is this even moving or anything like that. So, um yeah, it's really cool to see everything kind of come together. Uh and it's been a lot of fun. But um yeah, so as a reminder everyone, check out that link in the pinned comment. We'll have that access uh kind of like the founders uh you know, accounts for the uh uh you know, Clear Street deal. Definitely check those out. You get a lot of perks from them. You get all the really cool technology that you can uh you know, just check and there's really no downside to it. You know, you fund it with a couple grand or you know, just uh start out and check it out and then you get uh you know, good interest on it, get access to all the tools. And then also because it is Labor Day, uh we're going to throw in some crazy deals for Investors Underground. So whether you're looking for an IU membership or whether you're looking for some of the courses, we will tie those in. Uh so again, we will uh you know, pin a comment with a link for that. So make sure that you click that link and check out all the deals. And then you know, we want to hear from you guys. What are you watching into the week ahead? We love hearing when people are posting what trades that they're looking at, what levels. So if you have tickers that you like, post them in the comments. If you have things that you want to see on Sunday Scan, post them in the comments. And then, you know, we'll see who has the the best comment. And uh I think you know next week maybe I'll pick someone and uh give them free access to either the legends playbook or the momentum playbook. So just let me know what you want. Uh but I'll announce the winner uh next week. So leave those comments. And again Nate, thanks for being on Sunday Scan. Any kind of closing thoughts as we wrap things up? >> Um no I I I really think um you're getting paid to check out the Omni program. So do it. Check it out. Um I'm excited about it and I'm excited about where it's going. So, I've seen how much they've done in the last 6 months, like I said, and it's just it's it's happening fast. So, um, get on it, play with it, get some feedback going, let me know what you think about it. Um, and, uh, like I said, you get the 250 if you put it in 5,000, uh, and keep it there, um, for the first quarter as well as a free month of, uh, IU. But, you know, it's the same old same old. I mean it's just coming to the market prepared. Um and you know just just behaving like this is the market where you know I I can perform off the open but personally I have to just behave throughout the day and like I might try a few times for you know looking for failed follow- through momentum but if it does not crack that prior resistance then I'm not scaling I'm not fighting and it's it's just not worth it in this market. Um, and you know, to to Chris's point, what we he was saying earlier with like the the different traders in there, like this is where I kind of learn, you know, like this is where I learn different ways, different things that other people are are doing. Um, where I can, you know, kind of have a little bit of a maybe a better month than uh, you know, just kind of always doing the same thing and, you know, in a market like this when it's not happening, not have any trades to make. >> Yeah, for sure. All right, so that was great. Um, always great to hear from you, Nate. And then, you know, again, for everyone, Nate is still in IU. Uh, you know, every single day we're all sharing ideas in there and everything. So, even though a little bit of a break from the YouTube channel, still very active uh in there. So, we will see everyone in IU in the week ahead. I hope that you trade them well and that you had a nice Labor Day weekend. Nate, we'll see you in the room. >> All right. Thanks, Chris. >> Thank you everyone for watching. Be sure to like the video and subscribe to the Investors Underground YouTube channel. If you're interested in trading alongside us live, check out investors.com where some of the top traders in the world show up every single day. We have watch lists, we have video content, we have live trading ideas, and so much more. Take care.