Hey yo, what’s up everybody? What’s going on? Welcome to the True Chen Group live stream. Today is Thursday. It’s a day that ends in a Y, which means the markets make a new all-time high. That is the environment that we find ourselves in with a fresh new all-time high. And this market continues to just defy gravity. Continues to just defy, you know, I I haven’t I I don’t remember the last time that we had such a hated rally. I mean, there’s people out there that just hate this rally, that just don’t trust it, that just refuse to accept it, that are just waiting for the bottom to just drop out of this market and waiting for the markets to just completely crash. Um, and I I got to tell you, if you asked me, you know, a month ago, do I think with the market would have hit 750 in May, I would say absolutely not. If you asked me three months ago, do you think the market would make an all-time high with the 10-year Treasury at four and a half and the 30-year above um above five and oil above 100 and CPI at 3.8 and PPI at six, do you think the markets would be at an all-time high? I would say we’d probably be in a bare market. If you asked me that question three months ago, I probably would say the markets are probably down 20%. If those things wind up, but here we are with all of those things being true, and the markets are at an all-time high. And they’re not just at an all-time high. We’re up 19% from the March bottom. To put that into perspective for you, the average annual return on the S&P is between 9 and 10%. So we have just we have just had two years worth of performance in 45 days.
That’s crazy. And as the more as we sit here, I still continue to to feel this. I felt the same way today as I have the last like three or four days where for me as an listen as a from the long-term portfolio standpoint, I absolutely love it. Obviously, you know, the my long-term portfolio is making new all new all-time highs every single day. So, it’s it’s amazing. It’s fantastic. But as an active trader, someone that also day trades and swing trades, it’s been the last couple days really difficult for me to go long on the index because to me, I just I feel like the markets are extended. To me, it feels like we’re we’re a bit overbought and we haven’t had a single pullback since that March 30th bottom. It’s been a month and a half and 19% without a pullback. At some point the market has to cool off and you’re going to get a little bit of a pullback. And typically that’s going to come when everybody least expects it. Um but
you can’t you’re getting run over if you’re trying to short the market. And for me the last couple of days I’ve had a hard time going long. Now the last three days two three days have been phenomenal trades to the upside, right? just fantastic move to the upside. And I got to give props and give credit to all of our AI tools because our AI tools have been all over the long. Even when it looks like support levels might break, when it looks like we’re about to get a little bit of a pullback, all of our AI tools continuously keep saying go long, go long, go long, go long. Every pullback that we experience, the markets are like our AI tools like buy that, buy that, buy that. Um, and they’ve been right. And they’ve been right. I’ve been a little humbled by some of these things. It’s incred I’m incredibly proud of the tools and resources that we’ve been able to build here at True Trading Group. And I just got to give a shout out to the Holy Grail trade plan generator that we have. We call it the Holy Grail. It’s essentially a a trade plan generator that you can just type in whatever it is that you want to trade with your position size or or your account size and and the risk that you want and it’ll give you a detailed trading plan for an entry, profit targets, a stop-loss with a confidence score on that analysis. And right now it’s running at about a 72% accuracy. Uh over the last several months, our members have generated over 400 uh I’ve generated over 400 almost 450,000 trading plans over the last couple of months. Uh and of those plans, we have uh the win rate and the accuracy is around 72%. So it’s been remarkable and incredibly accurate um over these last couple of months. And uh although I’ve had a difficult time trying to go long on the indexes, um some of our other moderators have gone long just following along with some of those tools. Our futures room, we have a a dedicated futures room that’s part of True Trading Group. We trade stocks, options, crypto, futures, we do it all. We day trade, swing trade, scalp, long-term investments, everything. Um they’ve been just rocking this thing to the long side. two of our mods in there, Uni and Colin, that head up the futures program have been absolutely smashing it to the upside and just catching every single one of these pullbacks into support levels and just riding that upside move. So, it’s been a really great it’s been a really great week. We caught huge trades on small caps uh this week. TDIC was a monster. AeL was another one that we caught yesterday. I went after a AEHL again today. I actually lost a little bit of money on AHL today, but we made a bunch yesterday and then we caught uh the huge trade obviously on TDIC. So, it’s been a really really really strong week um P&L wise. There’s so much opportunity out there, guys. And I’m going to what I want to do here on this live stream is I want to kind of change your perspective a little bit on the way that you think about the market um to help you be a little bit more consistent in your results and not allow bias to really get in the way of your analysis and therefore of you know force you to make what end up looking like after the fact stupid trades. You know you all know what I’m talking about. You’ve all been there where you make a trade at the time you’re like oh this is fine. and let me go and make this trade and then when it’s over you’re like man that was stupid like why did I do that a lot of times that is a side effect of when you allow an overwhelming bias to influence all of your decision-m when you’re looking at charts rather than analyzing charts from a neutral standpoint and just trading what the what the market and trading what the charts are telling you. you already have this predetermined bias on what you think the market should be doing and that causes you to completely miss what the market actually is doing. Okay, a lot of people have blown themselves up over the last month continuously trying to short this market because they’re like, “But gas prices, but inflation, but the straight for moves is still closed.” And people just refuse to to accept the fact that the market is moving higher because the entire market is resting on the shoulders of the AI tech trade. you have earnings growth that’s coming from the the biggest companies in the world that’s north of 20%. And earnings have been astronomically good and instead of people being fixated and focused on, you know, Craft Hind talking about the lower-end consumer being stressed at the end of the month and sales for their cheese whiz is down, which Craft Hind was talking about. I’m not like making a joke. That’s actually something that was was taking place. instead of focusing on that and getting caught up in the fact, oh well, the markets therefore can’t be going to the can’t go higher. I should be buying put options, you’re missing out and you’re missing the point that 40% 45% of the S&P 500 is related to this tech this AI trade and those stocks are all moving to all-time highs and they are pulling this market higher. Now, if it wasn’t for the AI tech trade, we would most definitely probably be red on the year if it wasn’t for the AI tech trade because the rest of the market is not participating in this rally in the same way. When you look at the market breath that we’ve had over the last I think seven or eight of the last 10 all-time highs that we have made this year have been on negative market breath which means there are more stocks moving lower in the S&P than there are stocks moving higher. That’s not a healthy thing for you to see, but it’s showing you how incredibly topheavy the S&P 500 is being a market cap weighted index. I’m not telling you this because I’m saying I think the markets are going to crash. I do think the market’s going to give us a real nice healthy pullback at some point that takes us back down probably to like a 715, at least the 720s. We’re going to get a pullback that’s going to take us back into that area. And then I think you’re going to find support. I think you’re going to reestablish support back against the previous all-time high from this year and from last year. And I think you’re going to meet the all your your major moving averages, your 100, your 50, your 200 day moving average. They’re all sitting right here and they’re all curling to the upside. And once this pullback actually finally happens, you’re going to get these major moving averages are all going to come rushing to the upside and then they’re going to meet and you’re going to have this previous all-time high and then you’re going to have these major moving averages come up and they’re just going to meet and they’re going to coincide right around here. And then that’s where you’re going to find your support level and you’re going to move right back to the upside. That is how I think that this is going to play out. That’s how I expect this market and that’s how I expect the price action to to kind of work itself through. But when does that pullback happen? I’m not I don’t know. You know, I I I don’t know. I’ve been looking for topping signs now for the last like week or so. I’ve been looking for signs of like, hey, okay, looks like we’re about to top out. Looks like we’re about to top out and and it looks like we’re about to get that pullback. And every time it looks like maybe there’s no confirmation of the move and the setup that just the setup just deteriorates and then the long setup just breaks out and then you get the massive follow-through and you continue to move to new all-time highs. So, the chase is on, the FOMO is on. I’m going to continue. It doesn’t change my thoughts, though. I still think we’re overbought. I still think we’re extended. I still think we need a pullback um to at least, you know, pull back in and to test some of these some of these Fibonacci levels. Like, even to pull back to the 236 fib takes you back to 722, you know, you can at least get back to 725 and fill this gap. So, we had that big gap up on what this was on Wednesday the 6th. So, we had a huge gap up. you have an open gap that’s that still has to get filled back in there and that lines up at the 236 Fibonacci level. So, it’s like just pull back into some of these areas I think is incredibly healthy. I think it’s needed and I got to be honest with you, the further the markets go high from at this point. Okay, I’ve been very long biased and very long my analysis has been to the upside and has been long since that gap up in April from the so right here once you had the ceasefire announcement and we had this gap up we’ve been long. It wasn’t until we got to right around here that I started saying, uh, all right, you know, we’re getting a bit overbought here. We’re starting to get excessive to the upside. You know, I think we’re extended. I’m going to start to look for some type of a topping sign. We just haven’t had one. Like, you just have not had one. The move has just clearly been to the upside. That’s why I’m telling you, I’m just being honest. Like, that’s why I’m telling you, I did not capitalize on these last two days. Me personally, to the upside. Other other moderators did. Other members did. Me personally, I didn’t take any longs on the overall market these last two days. So, I’ve missed out on these two moves because on this day, I started saying, “Ah, you know what? It feels like we’re getting a bit extended here. Let me start to look for some time, some sign of a top.” So, I’ve missed the last two days to the upside. I didn’t go short and like lose. I just missed out on this upside move the last two days. Okay? But, you know, listen, when that pullback finally does come, you know, I I do expect to be all over it and I do expect it to come when everybody least expects it. Okay. So, that’s kind of, you know, what I’m thinking about with regards to the overall market. Um, we’ve got to keep our our ears open for what’s going on with the uh Trump she summit um in China. There was news about Boeing um an order for 200 planes, but it actually turns out the stock actually went down on the back of that news. And the reason is because the market was actually hoping for 300 planes, which is absolutely insane. But the market was hoping for an order of 300. They got an order of 200. I don’t know. Still don’t know why the market would trade lower. I’m very confused here about this move lower on Boeing. I mean a 200 plane order that is a very large order but it’s less than what the markets were were hoping for and the stock actually traded down 4 and a half%. I think this ends up being a buying opportunity for Boeing. I still think that Boeing is going to continue to push and move to the upside. I think there’s a really good support level down there in the 220s. So, you know, I think I’m a little surprised at the pullback today on this news. Uh, but the market was expecting 300 and they only got 200. So, that’s the reason that’s the reason there for the pullback. Nothing else really has given you a big move on news coming out of uh this meeting. The only thing is that Nvidia has really broken out to all-time highs after um it was found out that Jensen Wong was going to be going on the trip. Although, we have not had any news. Uh we have not had any news surrounding uh Nvidia um and China since this this meeting has started or this summit has started. Um so that’s yes Dean this is very true. So China was supposed to purchase planes from Boeing years ago. They never actually did it because it never actually got the final approvals. So they never actually took the um the delivery of those planes. Um so you know maybe there’s just a little bit of skepticism maybe on what what mechanisms there are to kind of hold China to this so that they actually do end up buying these planes from Boeing. But yeah, that’s what I that’s what I was you know that’s what they said today that it was 300 planes is what was expected. Um but they only got 200. I still think that’s a great order. I mean I don’t I don’t know how that could be perceived as bad news for Boeing but we’ll have to see if the order actually does go through. Right. So you are right about that though Dean. Right. But yeah you know guys again even though I’ve been here telling you these last couple of days that I have a tough time going long. Our trade uh our trade plan generator has really been all over this move to the upside. And it’s a huge reason why our members are having success. It’s a huge reason why our members are are making money. Um, and that’s really the that’s really what it it really comes down to here at True Trading Group is that members are successful. Members are making money. And I mean, I’ll just prove that to you. For those of you that are not members, if you are a member of True Trading Group and you guys are making money, you’re becoming better traders because of TTG, just go ahead and type the number one in chat right now. Just go ahead type the number one. If you guys are making money, if you’re becoming better traders because of the platform, I think it’s important for non-members to see how members are actually doing, not just how I am doing, right? because my money doesn’t doesn’t pay your bills. So what’s what matters is when you join your trading group, it’s not that if I make money, it’s if you make money. I’m sure many of you have been part of other groups where maybe the head trader makes money, but then the the members don’t. That is not what you’re dealing with here at True Trading Group. Members of TTG are actually making money. You can see all the people type number one inside of chat. We’ve got 11,000 members from 114 different countries. These two trading groups is a fintech platform with partnerships with the NASDAQ, Benzingga, OpenAI, Trading View, DataBento, and Unusual Wales. We are the recipient of the Benzingo Global Fintech Award for best AI analysis tool and are at the absolute forefront of the retail trading really evolution that implements AI technology to allow retail traders to a have an advantage truly to have an advantage and an edge over others and b be able to continuously trade and take advantage of the greatest market environment that I’ve ever seen in my entire life while still living their life and working their jobs. I encourage you guys to go actually check out my ex page. I posted a picture today that one of our members actually sent me and this person um they they paint for they’re a painter. They paint for a living. Not like art like like they paint like they’ll they paint your house. They’ll they paint like kitchen cabinets. And this person was at a job today. Was at literally at a job, you know, painting kitchen cabinets. and they sent me a picture and the whole kitchen is like covered in the plastics and they they have the cardboard paper like covered on all the the countertops and then right on the center island right right on the center island on top of that cardboard paper with a little piece of plastic is his laptop and open on his laptop he is running active trader mode which is our AI uh trading assistant with that you get that you guys can get with True Trading Group that can actually monitor, manage, and oversee your positions while you are busy. So, as he’s got his mask on and he’s like spraying kitchen cabinets, he’s got his laptop open and active trader mode is managing his Tesla position for him. Unbelievable to see this, you know, to see what this really has evolved into. So, I encourage you guys to go go check it out. It’s on my ex page. It’s my my handle is miked edward_tttg. Again, it’s miked edward_ttg. Um, give me a follow. If you guys don’t follow, go ahead. You’ll see the picture. I posted it right there. And that’s what this technology allows. It allows you to get back to living your life while still being able to take advantage of the greatest market environment and to capitalize on all the opportunities that are out there in the market on any given day. You don’t have to sit in front of your computer screen anymore, right? You don’t have to spend hours and hours and hours a day and a and a week in order to be able to to make money in this market. You don’t have to anymore. Technology exists that you guys can, you know, go to the gym. You could, you know, go take that meeting. You can answer that phone call. You could go catch your kids soccer game like and you don’t need to be in front of your computer in order to make money. Not with the technology that’s available now. That’s what True Trading Group is really all about. Okay, that’s what it’s really all about. So, I would I would go check it out. It’s really cool to see as he’s painting. He’s got the active trader mode managing his uh Tesla uh options that he was in uh today. So, really, really, really awesome to see. Okay. And that’s really what makes True Trading Group, I think, different from some of the other groups that you guys might be familiar with is because it’s not just a chat room with trade alerts and courses. It’s an actual fintech platform that gives you real tools and resources that distinctly gives you an advantage and an edge over other traders. Um, and I stand by that statement so much that I’m willing to I’m willing to challenge anyone that’s not a member of True Trading Group. I’ll let you try all of our stuff for 90 days and if you guys don’t make any money with it, you can come back and tell me that I’m lying and that I’m full of crap. I believe so strongly that the tools that we have will help you become more successful than you currently are. it will help improve your trading and improve your results. Then I’m literally willing to lose money on the usage of the AI for all of our tools like like the token usage that it’s going to cost us because I believe that if you use them for a couple of weeks, you’ll make money with them and say, you know what, I want to join True Trading Group for the whole year. I I can’t trade without these tools because that’s how a lot of our members feel. A lot of our members feel like, I don’t know how I was doing this prior without these tools. I can never do it ever again without them. Like because it gives them advantage and it gives them an actual edge. If you’re not a member, come try the tools out for 90 days. I’m only going to charge you $1 a day, okay? Because like I said, it is going to cost us money for you to use all these tools. It is usage based, right? So, as our token usage goes up with all of our AI tools, we have to pay more money for all of our providers. So, I’m only we’re going to lose money. It’s going to cost us more than a dollar a day for you to use these tools. But that’s okay. I don’t mind doing it. You can go ahead right now and use it for 90 days and then make money with it and then you’ll we’ll talk about you becoming a member of True Trading Group. You can go to trueradinggroup.com990. Again, it’s trueing.com 90990. Okay? You can go sign up there. You get access to the full platform. All access. This is not a restricted access to our platform. You get all access for 90 days. If you have any questions or concerns or you need help with anything, do not hesitate to send us a text message. The phone number is at the bottom of your screen. It’s 1888-621-2127. Again, it’s 1888621-2127.
Text that number now. Otherwise, you can go right to truegroup.com990.
All right. Now, with that being said, let’s talk about a trade idea that I am stalking. Okay, Smooth Brain says, “You’ll be amazed. Holy Grail is a beast.” Yes, Holy Grail. Again, that’s the trade plan generator that I mentioned to you earlier. You type in what you’re what you type in the asset type. So, stock, option, crypto, future. You type in the ticker symbol. You type in your account size, how much money you want to risk, and you type in what style of trade you’re looking for. Scalp, day trade, swing trade, long-term hold. So, you select that information. You click run analysis. You wait 90 seconds. You get a full detailed report with an entry, a stop-loss, profit targets, confirmation signals, triggers of when to pull, when to actually enter the trade, what would what would h need to happen to invalidate the trade so you don’t make you don’t take the trade. and then also a confidence score on that analysis. And that is what is currently running at a 72% accuracy with over 400,000 trading plans generated so far by members of True Trading Group over the course of the last couple of months. Truly remarkable tool. Check it out. Use it for yourself. 90 days for 90 bucks. Smooth brain says just follow the plan. 70% winners. Absolutely incredible performance. You guys can try it out yourselves. All right. Now, let’s take things back on over to the to the charts and we’re going to talk about Micron. So, Micron, we had talked about this pre-market today. Now, I didn’t take this trade because I was very busy this morning. My business partner and I, we actually had, excuse me, we actually had a meeting with one of our providers. We were looking at some new AI models. Um, so I wasn’t, excuse me, I wasn’t trading in the first like hour of the day today, unfortunately. Uh, because the trade idea that we set out pre-market that was on the watch list worked out very, very well. What was that trade idea? It was short Micron at 810, stop-loss above 8:15. Um, well, right off the open, Micron shot up to 812 and then just completely pulled back for the rest of the day. It currently sits at 778. So that play would have worked out absolutely beautifully into yesterday’s resistance and then using yesterday’s high as our stop. And you guys can also see this is a real nice resistance level that is in place now for Micron.
Right there’s your all-time high. There’s double top intraday. There’s resistance yesterday and there’s resistance there today. So here’s your very nice resistance level here on Micron. And then here is your support right here around 780. You’ll have another support level at the gap fill that sits around 765. You have a minor support level down here around 740 745. And then you have another support level that’s down here around 708 or so 705. Okay. And these are going to be uh you have another minor level right here too. I’ll draw this one out for you too. So we’re not So here’s your levels. Okay. So your resistance is going to be up here at the top. This is going to be your all-time highs. You’re going to have the low of the day today, which lines up with the low of the day from yesterday. That’s going to be the breakdown point.
So, if we open up underneath this level tomorrow and we try to get back above it, fail to do so, and then turn back around, that’s going to be your short opportunity. You then take profits at 765. You take profits again here and again here. And just continue to take profits as the as the stock just continues to pull back. So, this will be a trade idea that we’re going to put on our watch list for tomorrow. If Micron opens up underneath 780, we will look for a bounce into the high 770s. And if we cannot reclaim like 785, okay, if you cannot get back above 785, we will go ahead take that trade short. Our stop loss will be north of 785, maybe closer to 790 to give it a little bit of wiggle room on the, you know, very high volatile nature of the stock. And then we’ll look for this thing to just kind of, you know, pull back and fade off from there as we have what potentially could be a little a triple top here um on Micron on the on the daily. As you guys can see here, here’s your daily chart. And I just think we’re going to pull back into this 90 EMA. Like I this is what I’m looking for Micron to pull back into. That’s really what I’m looking for. I’m not looking to try to like I’m not trying to call a top. I’m not trying to catch this like I’m just looking to catch a nice pullback into the 9 EMA, which is this light blue line you see on my screen. That’s the 9 EMA. that has been support the entire month of April and May. So, I have no reason to not expect it to be support the next time it engages with it. And that’s what I’ll be covering out of the short position if this trade triggers for us tomorrow. So, that’s going to be a game plan that we’re going to look at tomorrow. Okay. Now, with that, I want to open things up here a little bit, guys, and I want to do a little session that we call grade my stock. This is a segment where you guys get to ask me, you know, you type ticker symbols in chat. I will give you a grade for the stock. I’ll give it an A, B, C, D, F, and the grade is going to be based on a combination of, you know, my long-term thoughts on the company as well as the current trade setup on the chart. Um, it’s a segment I haven’t done in a while. I I really enjoy doing it. I know you guys really enjoy doing it also.
and we’ll uh let’s get to it. All right, United Health UNH, that’s been a really great runner lately. Um has been a really great runner lately. I’m giving uh United Health I’m giving it a B. Um I do think this stock has more room to run. I expect it to get into the 420s. Okay, I expect it to get into the 420s. You had a nice breakout through resistance at in like the high 370s. I would like for us to find support now in the 370s if there’s a pullback into the 370s. Now, if you look at my chart, you can see previous resistance, previous resistance, and then gap fill. Right? So, this is a real this is a real big area for United Health. We just broke through it here over the course of the last couple of days. So, any pullbacks back into this area, I think, are longs on United Health. And as you pull back into this level, I would then look for us to continue higher and push up into this resistance, which is an absolute brick wall. And I would be exiting long positions in front of this support level, well, this previous support level, which is now going to be a resistance level when the stock gets back up into that area. Okay? Okay. So, I would be looking for longs on this on pullbacks into the 380s and I would look for extensions into the 420s to take profit and call it uh and call it a day. So, I’m going to give this one I’m going to give you out of health a BB+. Thank you, Dennis. Yeah, CBRS um was I I I traded CBRS today off of the um off the IPO. We caught a really nice trade on it. Um, this is was an incredibly advanced trade. I don’t expect inexperienced traders to to catch a move like this. Um, you have to be very fast. You have to be very quick. You can’t hesitate. You know, I have I use light speed, you know, I have hot keys. My execution is incredibly fast. Um, and you know, this thing was absolutely crazy off the opening bell. I mean, or off the the uh the IPO open. We opened up at 350. It halted at 385. Then it opened and dropped to 325. And then you put in this little bit of a double bottom down here. And the buying that was down there in the 320s was absolutely massive. I mean, you saw people just coming in on the bid and just soaking up thousands and thousands and thousands and thousands of shares, just not letting this thing drop back through 325. That’s what I like to look for when I’m trading an IPO. When you’re trading an IPO, IPOs are actually really, really good to study and look at level two because the level two is very clean. When you’re looking at level two on a stock like Tesla, level two really doesn’t give you an edge or give you an advantage. It doesn’t really um you know, level two doesn’t really tell you much. It gives you a lot of false rate false reads, gives you a lot of false signals. It’s a lot more um helpful and useful when you’re trading small caps because there’s a lot more retail activity and it’s less computerized. It’s it’s less um institutional and it’s easier to actually see what’s going on on level two when you’re trading small caps. But IPOs are also similar, right? IPOs are a lot cleaner also because there’s not a lot of shares that have exchanged hands. So you it’s a much cleaner looking level two. So it’s easier to identify really big buyers and really big sellers. Not to mention, we have level three data with our relationship with the NASDAQ that we can actually identify institutional buyers versus retail buyers with level three. So, we really have a distinct advantage and edge over other retail traders that don’t have access to this data. So, when this thing dropped down into the 325s, I just saw a ton of buyers in the 320s. So, I stepped in and I went long at 336 is actually where I got my fill and this thing just immediately ripped back up to the 380s and I just started dishing profits off. Like, wow. All right. I just got a $40 move to the upside. We went from 336 to 376, you know, in a matter of like five minutes and I just started dishing profits off, dishing profits off. We tried to put in a higher low here. I did add some back to the position. I actually added more back right here after taking profits and then I took one piece of profit off into 370 and I stopped out the rest once we broke 350. So all in all was a really was a great trade. Um you know I was only risking about 10 bucks to the downside on the initial entry and I was able to catch $40 to the upside. So I’ll take four to one any day of the week. Uh worked out really well for us. was a nice trade, but this is not a trade that I would expect like a ton of members to follow me on because it is an incredibly fast and volatile stock. So, yeah, it was a good trade, but this is not something that I would suggest everybody follows me on, right? This is something that would be for experienced traders really only. Okay. Now, as far as this stock, I would not be a buyer of this in my long-term portfolio at these prices. The IPO price was 185 yesterday. the stock is sitting at 321. I don’t like that. Um way too, you know, I don’t buy stocks in my long-term portfolio when they IPO. I like to let them be a public company for several quarters, come out with with with a few earnings reports before I really decide that I’m going to, you know, buy a stock in my long-term portfolio. Let it go through real true price discovery. Let all the hype and the excitement of the IPO. Let it settle. Let the lockups expire so that all the shares that people are holding, everyone has a chance to sell if they want. Last thing you want to do is buy something and then two months later there’s a massive share unlock and everybody dumps those shares. Like I like to wait for the the share locks to expire. Like to wait for the earnings reports to come out, let the price discovery really, you know, materialize. Let the initial hype and speculation on the IPO settle. and then I’ll decide if I want to put a stock in my long-term portfolio or not. So, this is not a stock that’s going to be that’s even on my list to consider for a long-term portfolio right now, nor will it be until next year. So, next year I might decide that I really like this and I want to put it in my long-term portfolio. And if I do, it’ll be a purchase for me next year. Certainly not this year.
Let’s see. service now.
Um,
hold on a second, guys.
Sorry. Um, Service Now, I’m going to give this like a C minus.
I I know that software stocks have gotten crushed. I just still don’t know if I would consider them cheap. They’re they’re I I wrote actually in my market allec report for this year that is published all members of true trading group. I wrote in that report that I think software stocks are going to be are going to have a tough year. Um and and I said I think it’s a tough space to try to analyze. And I told people in my market report specifically that I will not be averaging down. I’m not going to be buying these stocks as they sell off because I am just not sure what the disruption from AI is going to be on some of these businesses. Now, this is very different from the cyber security names. I was very adamant in the cyber security names that the sell-off in cyber security because of AI concerns was was I was I felt was overdone, unwarranted, unrealistic. And I felt that AI is not going to make cyber security obsolete. It’s going to make cyber security that much more needed and necessary. And long and behold,
And Crowd Strike new alltime high today. Palo Alto, new all-time high today. Fortunat alltime high today, right? So, those are the type of software names that I really, really like. Service Now, Salesforce, and I own those stocks. Don’t don’t get it don’t get me wrong. I own Service Now. Now, granted, I bought Service Now in like 2022. Um, so, you know, I’m not losing money. I was once up a ton. I’m no longer up a ton. It’s back to where it was in 2022, but I am not adding to it. I’m not adding to it because I just don’t know what I I just don’t know what the future holds and I think it’s too soon to tell. So, I’m not I’m not averaging down. So, I’m going to give this a C minus. I know the stock it’s down a lot. I actually think software could have a little bit of a bounce in the next couple of weeks. Um, but I just don’t know yet if these things have truly bottomed and I don’t mind being late to add. I’ I’d rather This is one of those situations where I’d rather be late to the party than early. And you have a huge support level at 70. So I think if Service Now does drop into the 70s, I do think at that point you can step in and you can buy some. I expect the stock to bounce from there.
Oracle, it’s another good one. Um I’m going to give Oracle
Oracle’s a tough one. I’m going to give Oracle B minus C++. I’m going to give Oracle B minus C++. Um chartwise, you got a lot of resistance here between 200 and 210. A lot of resistance, but long-term I think Oracle is going to be fine. Oracle stock got pulverized because people were concerned about their debt, but I don’t think that their debt is going to be an issue. Um, I think Oracle is going to be fine. I think Oracle in the near future is is going to be back in the mid200s. Um, I think that the support level that is in the 130 area is massive and I’ll draw it out for you on the screen so you guys can see it yourselves.
Okay. Okay. And I’ll go to a weekly chart just to clean this up a little bit
resistance resistance support support.
That’s your that’s your support level. And I think it is far more likely that Oracle does something like this. Okay, that’s what I think Oracle is going to do. I don’t think Oracle is going to do this.
And if you’re going to buy Oracle in your long term, your stop loss is 120. That’s it. You buy it in the 170s,
180s,
170s. Your stop loss is 120.
Bull, wee bull. I’m giving this a D. Um, I mean, I absolutely hate the chart. You have brick wall resistance at $10. It’s not a long until it gets above $10. As long as the stock is below $10, I I don’t like it. If it gets above 10, then I’d say we can look for a long. Uh we can look for a long there on on bull. But I I don’t feel comfortable long until it gets above $10. Light li awesome company, awesome stock. The only reason why this is not an A is because the stock has already made such a massive move, but I would be a buyer on pullbacks to 800. Okay, so 800 I think is a nice is a nice spot. And then you have uh 550 is another these are these are just two big support levels. Um I’m just drawing out big support levels for you guys um that could be buy points for you. So, the only reason why I’m not going to give this an A, I love the company and they’re connected to Alphabet. They’re part of Alphabet stack. So, they’re like team Alphabet in the open in the uh in the AI race. They’re not team OpenAI. They’re team Alphabet. But, um the only reason why it’s not an A is because I don’t know if I would buy the stock right here at 1,000. I’d probably want want to get a little bit of a pullback back into 800 or so before I would think about buying it. So, I’m going to give it a B.
Symbotic. Symbotic. We’re going to give Symbotic a B. Um, small robotics company that I think has a lot of potential. Um, I think this company really does have a lot of potential, but they’re very young. They’re very small. They have a lot of growth and maturing to do. Um, but I think there’s a lot of potential here. Your support level here in the 40s is fantastic. I think you’re safe to buy it in the 40s and your stop loss would just be $40 if it gets back underneath $40. I would I would cup eight. I would exit the position, but um I think you’re safe to buy here in the 40s. The only reason why I’m not going to give it an A is because it is a smaller, younger company. It is more speculative. It does carry a little bit more higher risk. Um but I really do like the play and I think there’s more uh I think that the future is bright for this company. I’m talking like years down the road. If they can execute properly, you could have a really nice position on your hands several years from now.
AET. Um, that’s a good one.
Um, well, Networks, good company. Just recently had that huge move to the downside. Um, I’m going to also give this one a B. Um, support there in the 120s. You can see the massive, massive double bottom at 115,
right? So, essentially, this is your risk. You get underneath that, you can exit your position, right? Um, I like it. I’m going to give it a B. It’s a good company. You just got a recent pullback right back into support. I think that support’s going to hold and I think the stock’s going to climb back to the upside.
A I IO. My thoughts on this is that is an F. This is an F. This is this is an F. Um A IOI is just one of these small penny stocks, small caps. You’re like, “Well, Mike, it’s not a penny stock. It’s $5.” Well, they just did a 1 for20 reverse split back in April um to get them back over a dollar. As of a couple days ago, the stock was at 60. Not a good company. This is something to trade. This is not something to actually own in your long-term portfolio. Uh the risk on the position would be you losing 95% of the value of your position and them doing more splits and you never recouping the the shareholder equity and you never recouping the value of your money. Um
is the company is just they’re just too small for me to put something like this in my long-term portfolio. I I wouldn’t even wouldn’t even think about it. poet. I actually really like this company. Um, a friend of mine has actually done a tremendous amount of research on this company. I actually like this company a lot. Um, I I I have to I have to temper the expectation here on the grade because there’s no way that you know I would I can suggest yeah, buy the stock now at 23 and a half. But I do really like this company long term. Um, your support level now going forward will be somewhere around $16. And that I think is going to be, you know, where you can try to buy some if you get a pullback. I’m not going to buy a stock the day that it gaps up 64, excuse me, 64%. Three weeks ago, this stock was $7. Now it’s at 24. Um, but I do really like this company. I just giving an A rating means I really like it for the long term and I really like it like for the I like the chart setup right now. Like you’re like you I think you should buy it right now. That’s an A, right? So I’m not going to give this an A because I really don’t think buying it at $24 is that great. But I do like this company long term.
MP. Um, I like MP. I’m going to give it a B+. And I’m not going to bet against companies that the US government gets involved with. I mean, look at what happened with Intel. Um, you know, I um I like MP. Um, the support level that’s in the 50s is a very big one. You guys can see here on my screen all that resistance and now it’s becoming support. So, I like MP. Your stop loss is 45 44. If it gets underneath 45, you can cut the trade loose. From a long-term portfolio perspective, I like the I like it long in the 50s. You’re at 60. Um, so I still like it. Big Bear AI, I’m going to give Big Bear AI a D. Um, guys, listen. Any stock that is in the AI space that is 60% off its 52- week high is is not a stock that I would want to own in my long-term portfolio. We’re in the middle of one of the greatest tech rallies in history that is being led by the AI trade and Big Bear AI is at $4 and it got to $10 in 2025. This is not a good these are not strong companies. These are very small companies that carry an incredibly high amount of risk. The speculation on you putting these in your long-term portfolio is very very high. I don’t like putting stocks like this in my long-term portfolio. I will trade stocks like this. A IIO BB AI. Sure, I’ll trade them. I’ll day trade them. Hell, I might even swing trade them for a couple of days. But I’m not putting a large amount of capital in these stocks in my long-term portfolio. They’re just way too high risk. I’d much rather put that money into AMD. Guys, my Nvidia position, my original purchase on Nvidia is up over 4,000%.
4,000%. You don’t need to buy a $3 stock to get really big wins, right? I’m up a thousand% on my my AMD position. You don’t need to buy $2 stocks to get a thousand% gain. You know, you just you don’t need to. You I’d much rather buy much larger, much more mature companies that have really great earnings, really solid financials than a really small company that everyone’s talking about on social media that might maybe short squeeze one day. I’d rather put my because my long-term portfolio, if I’m going to buy a stock for the long term, I’m putting a sizable amount of money in it. And I’m not going to put a sizable amount of money into a really small like very high-risisk speculative company that could go down 95%. Nvidia is not going to go down 95%. AMD is not going down 95%. Right? Alphabet’s not going down 95%. Big Bear AI can. A IIIO can. So I’m not putting money. They don’t deserve to be in my long-term portfolio. NBIS, great company. Love the stock. Love the company. I can’t give it an A because again I really I can’t suggest buying at 225. But if this thing pulls back into the mid 100s, love it for the long big support level 140. We’re going to give this one a BB+. Any pullback opportunity that you get on NBIS back to like 140 50 160s. I think that as an absolute buy. I like the company. I like the chart. I like the stock. And I would continue to be a buyer when this thing engages with its 200 day moving average. You had a massive support level here in earlier this year at the 200 day moving average. Obviously, you are very far away from that now, but eventually you’ll get a pullback in the stock. Eventually, this 200 day moving average is going to continue to rise and eventually these two things will meet and that is where you can step in and then you can buy some in the long-term portfolio. And I fully expect NBIS to continue higher well into the 200s over the course of the next couple of years.
All right. So, folks, I think that that that just about does it. That wraps things up there for us. Um, you know, that was a lot of fun to go through in this little grade my stock segment. Again, if you guys are not members of True Trading Group, I highly suggest you go ahead and try out our entire platform for 90 days. Go to trueradinggroup.com990.
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