Hey yo, what’s up everybody? What’s going on folks? Welcome to the True Training Group live stream. First trading day of June. It’s in the books. It’s a great day. Our holy grail trade plan generator had a fantastic day today. Longs all day. Longs all day on the spy. Longs all day on Nvidia. Really, really, really nice day for the our trade plan generator that we have here at True Trading Group. It’s essentially something you just you type in what you want to trade and it will give you a very detailed trading plan. It’ll give you an entry, stop-loss, profit targets, gives you a confidence score. Um it’s something that you know we’ve developed here at TTG with the help of our partners at the NASDAQ, Benzinga, OpenAI, Trading View, DataBento, and Usual Wales. Um, you know, all of our partners have made it possible for us to build out the fintech platform that we have here that is True Trading Group and create the TDG terminal that gives retail traders different tools, data, analytics, resources that help them make better decisions that other retail traders simply just don’t have access to. Um, so it really has been uh an unbelievable ride here, an unbelievable journey as we just continue to to roll out our AI suite of tool of trading tools that really make a big difference, a big impact in our in our members successes. It’s why so many of our members stick with us. Our retention rate at True Trading Group is around 75%. Which is just absolutely incredible. Refund rate less than uh less than 2 and a half% and we’re four and a half out of five star rate on Trust Pilot with almost 3,000 reviews. So truly a global community here at TTG. We got 11,000 members from 114 different countries. Uh we day trade, we swing trade, we cover long-term investing, we scalp, we do stocks, options, crypto, futures. You name it, we do it. We got something here for everybody, guys, inside of True Trading Group. So, welcome to the stream. If you guys are new, make sure you subscribe, smash that like button, show us some love, turn on your notifications, make sure you never miss out on any of these live streams. Um, and we’re going to talk about some stuff here. I went live last night, as I do every Sunday, and I give you guys kind of my outlook for the week. I tell you guys, you know, some of the trade ideas that I’m looking at and some of the things that are on my list. And, uh, a couple of them worked out really, really well so far to start off this week. And there’s a couple of setups that I really have my eyes on that I do not have entries on yet, but I am stalking like a hawk or a lioness in the tall grass because the setups are starting to look pretty juicy. It is a new alltime high in the overall markets today. We got some more news headlines that were coming across the wire today involving Iran and Lebanon and Israel. Um, you know, we had a big gap up in oil. oil cents kind of faded off a little bit, but still a nice big, you know, nice solid big green day for oil and the the equity markets were able to shake it off and actually make that new all-time high. So, we’ll talk about all that as we start to prep and plan for the jobs data that’s going to be coming out that is certainly going to move the market Tuesday. So, tomorrow 80, excuse me, is Jolts job openings. Wednesday’s ADP number. Thursday, jobless claims. Friday, US labor report. They’re all going to be coming out there. prepaying myself for my holy grail trades. Way to go, blessed hot mess. Yep, TE gave you a beautiful long entry at 975. Well done. And then HKAT, the big small cap short squeeze runner on the day that I did not trade, but a lot of our members did did trade HKIT today. And obviously there’s bless mess used our holy grail trade plan generator to trade HKIT and get a really solid plan and a really profitable one there on that. So congratulations. For those you that are not familiar with myself or the channel, my name is Michael Edward. Um, I am the head trader and co-founder at True Trading Group. I didn’t figure this stuff out on my own. I began my career working at T3 Optin Fund in New York City. My first job out of college, I had to go through a training program before the fund let me touch $1 of their money. And then 2008 happened, a great recession, big stock market crash, but the same year that I received one of the firms trader of the year awards. So, fast forward now, I’m the head trader and co-founder of True Trading Group along with my team of seven other professional traders that are full-time mods. We share our screen with you live. We trade in front of you live. We provide our analysis, our commentary. We answer questions. You obviously get all of our trade alerts. And then you guys also get access to the TD terminal, TD suite of all of our AI trading tools, including that holy grail trade plan generator to help you guys make better decisions, improve your consistency, and improve your profitability. The win rate on that tool, the trade plan generator right now is uh just above 70%. It is a phenomenal tool. Uh really truly is. And we have so much more stuff that we can talk about another time, but let’s take things on on here over to the markets and let’s talk about, you know, what’s cooking here with this new alltime high.
Nice. Nice. Blessed on us for longerterm plays. Any idea why Jeffy is down so much while Jeff Q keeps rising uh in spite of them both paying similar dividend strategies? So So yeah, Junior Junior, it’s it’s because Jeepy is more of an equal weight strategy. Jeepy owns um Jeepy is not tech heavy. Jeep is spread across, you know, different areas of the S&P 500 pretty equally. Jeep Q is the NAS is predominantly tech with the NASDAQ 100. So that is why obviously the move that we’ve seen to the upside has really been very very techheavy based. When you look at the RSP, the equal weight S&P 500, we just recently broke out through the all-time high just last week. When you look at the SPY, which is market cap weighted, we broke that all-time high back in the middle of the beginning to middle of April. So, and if you look at the Q’s, the Q’s broke the all-time high in that beginning middle of April as well and is continuing to push higher. So, anything that is going to be very techheavy is going to be outperforming anything that is more balanced and equal weight. So, that’s the reason why JE Q has been doing better than Jeep E. It’s a matter of the performance of the equities that those covered call ETFs actually hold. Okay. Yes. Yep. So, that’s that’s the reason why. So, um, you know, if you look at like a QQQI or a QYLD, these are tech heavy. You look at a Jeff Q, right? But then you look at a Jeffy, which is more of an equal weighted, you see it’s not doing well. If you look at SPYI, which is going to be just basically the SP500, you can see that’s doing much better. But something that’s more equal weighted is having a tougher time. Okay. All right. Okay. So, we got, like I said, new time. We got some news out there this morning that we had um supposedly we were or we had some news out this morning that Iran was u backing away from communications with their intermediaries which would be Pakistan who’s been trying to negotiate the a deal between the US and Iran that sent oil prices to the upside. Initially, it saw a pullback on equities, but equities very quickly red to green today, pushed back up, went green. And that’s what I mean. Ago trade plan generator was literally just giving longs all day and things were really choppy this morning. I mean really in here there wasn’t much you know in here you could have you know chopped yourself around if you were trying to force things but our holy grail trade planer just kept saying long long long long and long was the right move obviously as we got this nice you know midday rally um right around 12:00 or I’m sorry right around 1:00 or so you got this really nice rally in this breakout and that was also headline driven around um the potential for a Hezbollah Israel ceasefire which was the the culprit for the kind of the breakdown of the back away from Iran communicating with the intermediaries. So once that kind of got taken away, markets just went right back up to the upside and gave you a nice follow through to the new all-time high. Take a look in the peak there on USO. We had the big gap up on that news and you can see the midday pullback as oil prices kind of just, you know, um faded off just a little bit. Okay.
Right. That is that that is oil. Uh we had a couple of stocks today that are giving you just absolute gang busters here and Hila Packard is one of them guys. Um they expect earnings per share to be between $3.35 versus $345. Analysts were only expecting $242. They expect their revenue to be between 11.5 to 12.1 billion. Um I mean just an absolute monster monster report here. Their earnings uh their revenue came in this quarter at 10.68 billion. Analysts were only expecting 9.78. So this is a top and bottom line beat. This is a massive guidance beat as well. Just a really great report there on Hula Packard. It’s incredible to see stocks that historically are incredibly low volatility stocks. It’s really crazy to see them make the size of the moves that they’re making. Like Hulip Packard is not known to be a big runner, but yet this stock has gone from $24 in April to now $62 here on the first trading day of June. That’s absolutely remarkable.
It’s absolutely remarkable on what’s being seen. Okay. Um, this is such an insane move here on Jula Packard. You know, reminds you of so a lot of these other stocks that have had these monster gap ups and these runaway earnings. You look at like a snowflake, monster gap up and runaway earnings. Data dog monster gap up and runaway earnings. I mean, these moves are just absolutely insane. Cisco monster gap up and runaway earnings. It just keeps on It just keeps on going. The FOMO is real. The FOMO really is is legit here, man. It’s I I don’t know. I I don’t know the last time that I’ve really seen because I wasn’t around for the do era, you know? I wasn’t trading during that time period. So, I don’t really know the last time that we’ve seen such aggressive price action like this to the upside. Um I still to this day will continue to tell you, I’ve probably said this for the last I don’t know two weeks that we are overbought. It doesn’t necessarily mean I’m not like calling tops. I haven’t been shorting, but we are overbought. But just because you’re overbought and market can stay overbought for a long time. It doesn’t mean that you’re going to try to go ahead and try to short this market. Eventually, we’re going to get a real nice real nice sizable pullback that probably takes you back to the 50-day moving average. Um, which is that dark blue line you guys see on my screen right now. But for now, you know, trying to pick a top on this market is foolish.
You know, the markets eventually will top out. We’ll have a nice pullback. I just think that pullback turns into another buying opportunity. I don’t think it’s a it’s an end of the rally or a break of the of the uptrend. I think it ends up just being a buying opportunity, but I’m not I’m not trying to force it just because I feel like the markets that are overbought. It’s not that I feel it that I feel like the markets are overbought. do feel like they’re overbought, but there’s a laundry list of indicators that show that the market that the S&P is overbought right now, but that has been true for the last like two to three weeks. And over the last two, three weeks, the market has still moved higher. So, just being overbought is not enough of a reason for you guys to go short stuff. It’s not enough of a reason for you to get, you know, turn incredibly bearish, but it just causes me to be a little cautious to the upside rather than being aggressive to the downside. Okay, so we still are overbought. I will continue to remain that way. Things that go to the moon can stay in orbit a long time. But yeah, that’s true. I like that one. Junior says things that go to the moon can stay in orbit a long time before they crash. I like that. It’s true, right? It’s true. I mean, just look at just look at Micron for example, you know, look at that stock. Look at SanDisk. You know, you take a look at some of these and you just you say to yourself,
you say to yourself, “How much higher can these things really go?” The answer is always higher. Just like when you say, “How much lower can a stock really go?” The answer is always lower. What are my thoughts on meta long here? Why the drop?
I’m not exactly, you know, I really wasn’t paying attention to Meta today too much. Um it was on my list to see um if previous resistance acted as support. You had this level here.
So you had this little multi-week consolidation that you broke above last week. You pulled back into it on Friday and and it kind of held support there. You can see resistance. You pulled back in and it held. And then today you just broke right through that level. And once you broke right through like 620s, it just kind of just rolled itself over. I’m not exactly sure why I really stopped paying attention to it. Um,
but I don’t necessarily I didn’t really focus on it today. So, I’m not sure if there’s a catalyst here for this. It certainly feels like it. You know, down 5% today. It feels like there’s something there that got people a little anxious or nervous. I have to look into this. I haven’t really I didn’t really look at it here today. So, I’d have to take a closer look on why the weakness there on Meta today. Um, you’re asking, do I like it for a long? No. No. Now that it broke this previous resistance, I do not like it for a long. Um, if we held this level, I would have told you yes.
Okay. If we had held this level, I would have said yes. But obviously, clearly, we broke underneath it. And I’m not looking at that for a long. Okay. Not looking at that for long. Not at this time. No.
What do I think about NE? Next Era. Next ERA is a really good company. They pay a fantastic dividend. Um I do own Next Era NE. It’s in my dividend portfolio. I think it’s good. You know, I like it. Somewhere in the low 80s. I think you’re good there. Um solid company, great dividend. This is one of those just kind of set it and forget it. just reinvest the dividend and hold on to it for a long time.
I own it. I have zero intention of selling it.
So, let’s go through some of the stuff that had worked out today and some of the updates from the live stream from last night to kind of touch on where some of those trade ideas that we discussed where they lie. Um, we just got a bunch of questions here that are coming through. How will OK lowers 1 billion at the money show offering affected share price. Um,
I haven’t really followed this stock either. I mean, ever since I haven’t followed OK Low really since last year. So, you’re saying how will their last $1 billion at the money share offering affect the share price? I don’t even know when they did when they did this the at the money offering because I haven’t really been paying attention to the stock. Um, at the money offerings are usually pretty bullish. Uh, especially for a really high risk, high volatile stock like an OKLO. Um, it shows that investors are not requiring, you know, a large discount to give the company money. So, typically that would end up being bullish, but I’m not sure when this, you know, when this was announced. When I take a look here at the chart on this, I don’t know to to me, I don’t see a clear long setup. I don’t see a clear short setup. To me, I just see a little bit of a consolidation. And I think one of the mistakes that a lot of traders make is that they always feel like they have to they have to pick a trade or they have to pick a direction on something. They can’t just sit there and say, “Nah, I don’t really necessarily I don’t necessarily see something here. This isn’t a play that I really want to go after.” And this is a trade setup that I just would never take. Like, I don’t see a clear long and I don’t see a clear short. To me, the stock’s just kind of bouncing around trading sideways. That’s that’s what I see. You have support at 65. You had a little resistance around 71. You know, maybe if one of those levels breaks, maybe you can get you can get yourself a trade. But right now, I just think that there are right now I right now I just think there’s better things to trade then was announced on the 13th. Wow. Um,
yeah, the stock hasn’t moved. I mean, the stock hasn’t moved. I mean, typically typically that’s something that you would like to see a reaction that day and then the you know, one or two days thereafter, but that’s a couple of weeks ago and this stock hasn’t hasn’t budged since the 13th. I just don’t see there being a real trade here for now. You know, it’s not a stock I haven’t really looked at this stock in quite a while. That’s why I didn’t know the day announced this offering because, you know, it’s not something that I’ve traded. I didn’t I haven’t trade o all year. I traded it last year. Uh it was a lot of fun trading it last year like right into the fall when that thing went nuts. That was a lot of fun. Um but I haven’t traded really since then. So I’d say if you get if you get above like 71 you probably have a decent long setup maybe up towards 80. But you know I I really wouldn’t take the short through 65. You got the 50-day moving average there and it looks like the 60 high50s looks like a pretty decent support level. I just think there’s better things to trade. I think there’s better, more clear setups out there. Yo, Mike, if you had extra cash, you want to get invested. Where would you be looking for long-term ads or would you keep it sidelined for a market correction? Where would you look after a correction? So, um, great question. um places that I still like like listen obviously some areas of the market are incredibly extended and I wouldn’t be buying at these levels like I wouldn’t be buying AMD here I wouldn’t be buying Micron here um I wouldn’t be buying Broadcom here but there’s there are other stocks that I actually think are in perfectly fine areas for longs um most of the stuff that I already own I probably wouldn’t be comfortable buying right here right now. But a couple of stocks that I do own that I think are fine right now are some of the nuclear utility names like a VST. You know, I think VST is at a perfectly fine area. CEG is another one. I have um I I own both of these names. I don’t think either one of them is is absurd. I also think that copper also does well. You know, you look at the copper, the US copper fund, CPER, I think looks fine. I think FCX also looks fine with support down there around 53, 52, socks at 67. So, I think this one still looks fine. Um, you know, I I own Honey Well. I don’t think Honeywell is is really all that crazy right now. Um, you get a nice pullback on American Electric. I like American Electric the closer it gets towards like a 110. Um, what else? Yeah, I mean I think that that that’s a Oh, SS. I like SOS like in the 70s if you can get it. Um, so there’s a pretty decent decent names here that I think are still okay for right now, but you know, the the other names like, you know, my larger positions and the stocks that I really truly love are all pretty extended right now. And as far as where would you where would you get back in on a correction? Well, it’s going to be right back against these prior highs. Okay. So, this resistance that you see back here from January and February before the sell off there in March, that level is where you’d want to say, okay, you look for a pullback uh down into this region. And that becomes a buying opportunity. So, pullbacks back into like 710, 720 in here, that becomes a buying opportunity for cash that you have sitting on the sidelines. Um because I don’t necessarily think that that pullback would be very deep. I think the deepest that pullback would probably take you would maybe be like 680 675 if that. I don’t even personally think that we get that low. Um but I think that a pullback from there back into this region here is where you want to start putting some money that you have on the sidelines, putting some of that money to work. I don’t expect a bare market. Um, I I think that pullbacks that we get, and we will get them, but I think they’re going to be regular kind of run-of-the-mill type of pullbacks. I don’t think that you’re going to see like massive selloff or a massive crash or a massive reversal. I think you’re going to see you’re going to see, you know, relatively stable um pullbacks. I do. So, I think that when these pullbacks finally actually finally happen, and eventually they will, when they finally do, you just can’t be scared of them. You got to get because everyone’s going to say, “Oh, the AI bubbles popped when when the market starts to pull back. Oh, recession’s coming.” When they But really, you just got to tune out that noise, take advantage of the levels, and step in and buy some of the stocks that you guys really like.
Cost a buying opportunity. Um,
it’s a tough one. I think this will be a buying opportunity, but just not yet. I I do think you’re going to be able to get a better price here. Like right now it’s 850. I do think you’re going to get this into the 800s. The 200 weekly I think is going to be a great area. So anywhere from 850 to 900. I like that area. Um but I just I don’t like the failed new high. you know, you kind of double this. Um, and you have a very similar chart setup there on Walmart as well.
You see how Walmart double topped it at its all-time high and they both gave you a technical double top with earnings. So, you know, Walmart, you look for Walmart to back up to like 105, 110. I think that’s a decent spot. you can start to nibble. And then Costco, I think you look to to pull back towards like 850 or so. Um maybe, you know, 800 to 850. That’s a spot where maybe you can take some decent nibbles there as well. I do own Costco. I do own Walmart. I own them both.
Thoughts on the upcoming SpaceX IPO?
I’m very So, here’s the deal about SpaceX. I am very bullish on SpaceX longterm. However, I am not buying this stock in my long-term portfolio off of this IPO.
I will eventually be a large holder of SpaceX, but my rule when it comes to IPOs, I do not like I’ll trade the IPO. like I am most likely going to be trading SpaceX the day that it comes out, but I’m not going to buy it in my long-term portfolio. I have rules with IPOs. Um, I wait for the IPOs to come out. I wait for all the hype and excitement around the IPO to settle. I wait for the company to announce a couple of earnings reports as a public company where I can really see their financials and really get a get a hold on what their business is doing. And I let the stock go through price discovery. Um because the the the price that that an IPO trades at, especially one that has so much hype and excitement around it as SpaceX is going to have zero price discovery whatsoever. It’s going to be all speculation, all hype, all momentum, all FOMO, all greed. And I don’t want to participate in that. You’re going to pay an incredibly high premium for SpaceX because of the hype and demand around it. This is the most hyped up and highly anticipated IPO since Facebook. The Facebook IPO went horribly, horribly wrong. The SpaceX IPO got absolutely crushed for the first couple of trading days. And what’s happening with SpaceX, there’s a lot of things that are happening that are very, very, very different. I believe 5% of these shares that are held by 5% of the shares which are going to be held by insiders will have no lock up restriction, meaning they can sell day one. So there’s that, right? There’s that. Then um
then you have this fasttrack S&P inclusion that is being done where they’re actually changing the typical requirements for an inclusion into the S&P 500. they’re actually changing them for SpaceX, which would allow SpaceX to enter the SP 500 within 6 months um rather than waiting, you know, a year. And
what Elon Musk is also doing with SpaceX, which is allocating a large portion of shares to retail and not necessarily and not necessarily to institutions. I mean institutions do have the shares also but it’s a little bit different what he’s doing than a traditional IPO what you normally see normally you really don’t see retail participate in the actual IPO normally you see really all the hedge funds all the banks all the institutions get in at the IPO retail gets in on the actual open for the of trade which is oftentimes 15 20 40 50% higher than the IPO price and all the institutions are up money day one and retail buys in at a much higher price that’s typically what you Elon Musk is allocating a nice chunk of shares to Erade, Robin Hood, Charles Schwab, right? So, you’re going to be able to get allocation of shares at the IPO price. Um, those are shares that normally would be in would be institutions that would be getting those. So you might have a situation where when SpaceX IPOs, you might have a really strong institutional bid for the stock because the institutions that were not able to get the allocations they want in the IPO, but then also all of the funds that track the S&P 500 might just assume that you’re going to get an S&P inclusion in a few months and they’re going to go ahead and start to buy shares of the stock because they’re going to have to own a very, very, very large position in SpaceX once it gets added to the S&P 500. Because any fund that tracks or is pegged to the S&P, the S&P is a market cap weighted index. So when you’re talking about a stock that gets included that has a $1 trillion market cap or, you know, $1.5 trillion, $1.8 trillion market with when you’re talking about a market cap of that size, you’re automatically in the top 10 largest positions, largest holdings in the S&P 500. So when you’re sitting here thinking about, okay, SpaceX is going to be coming out here, you know, already being one of the top 10 market caps in the S&P, then that means all these funds that are going to have to that would have to buy SpaceX would have to buy a very large position. You’re not talking about being included in the S&P 500 as the 418th ranked market cap. you’re talking about a stock that’s going to be that’s IPOing that is going to require a massive position for funds that track the S&P 500. So, you’re going to have that institutional bid there as well. So, I I just don’t know how the market’s going to take this IPO. It’s there’s a lot of firsts here. Um it’s very unique scenario. I’ve never seen the rules change for an S&P inclusion. So, you know, you have this immediately when when Facebook when uh SpaceX IPOs, you know, this is going to be in the S&P 500 as soon as possible. You really haven’t been able to say that before for a lot of these IPOs, but now you’re getting Anthropic, Open AI, like these are companies that are going to be added to the index. you know, the the days of the of of companies IPOing while they’re very while they’re still very small in their in their development stage is gone. Companies are staying private so much longer now than they used to. And it’s almost like these companies have already IPOed but just privately. Like when you look at OpenAI, OpenAI’s already raised over hundred billion dollars. So, they’re going to IPO and they’re not even going to raise the the IPO is not even going to be their largest fundraising event. You know, they’re they would have already raised over well over hundred billion dollars. Anthropic is just announcing another raise that they’re doing just before their IPO. Like, you’re talking about companies that have already raised tens of billions, sometimes a hundred billion dollars already in the private markets. So, you already have almost like an IPO. These are companies are so much farther along in their financial development and maturity that, you know, there’s going to be a race for these companies to buy enough shares that would equal the waiting in the S&P. So, it’s it’s going to be unique. I really don’t know how I want to play it. I’m I’m most likely only going to look long on the day of the IPO. I think on the day of the IPO, the institutional bid and the retail speculation and hype, I think that’s going to overwhelm the insider buying, the insider selling that’s going to come from SpaceX employees. I am telling you right now, you’re going to see a massive selloff, not necessarily in the price because I don’t know how the I don’t know how the market’s going to handle the how it’s going to absorb the selling, but you’re going to see a you’re going to see very heavy selling from SpaceX insiders. Let me tell you why. Here’s a fun fact. Of all of the SpaceX employees, 4,000 of them are now millionaires from their stock position that they own being an employee of SpaceX. 4,000 millionaires. And now here’s the craziest part. 400 of their employees are worth now $100 million. So you’re talking about 4,000 people, millionaires, 400 employees, 100 millionaires, and a big portion of insider corporate company shares, employee shares will not have a restriction. So, I have to imagine that a lot of those employees are going to want to ring the cash register. So, get ready for a large chunk, okay? Get ready for a large chunk of that to come out the day of the IPO. Now, is that enough to overwhelm the retail hype and speculation around it? And is it enough to overwhelm the institutional bid that’ll be behind it? I don’t know. I’m going to wait for the stock to open up. And I’m going to I’m going to trade it the day of the IPO, but I am most likely only only going to look long. Um, if the short is the play, I probably just won’t trade it. Um, I will be looking for long setups. If the selling pressure really does not look that heavy and it looks like we have a really strong institutional bid, I will be using our AI system which tracks level three data, I will be using our institutional flow to track institutional order flow to see how much of an institutional buying, how much of an institutional bid the stock actually has. Um, it’s going to be an incredible tool that’s going to really be very helpful the day of that IPO. And it’s it’s one of the things that you guys have access to when you guys become members of true trading group. But these are one of the tools that that you guys can use to track actually institutional order flow. We have a relationship a data partnership agreement with the NASDAQ where we actually get their level three data feed. And that level three data feed is is integrated into all of our all of our tools to to help with the analysis that can actually make a determination between an institutional order and a retail order. So, it’s very helpful for us to know where there are large institutional clusters of buying and selling to help us identify support and resistance demand and supply zones to make our trades off of. I’m absolutely going to be using that to trade SpaceX. I think it’s going to be one of the best tells for me on the day of the SpaceX IPO on where I should be getting in and if I should get in at all is going to be the institutional flow that we’re going to pick up there. Um, the institutional flow that we’re going to pick up there from uh from that tool. So it’s going to be it’s going to be something else. Don’t the insiders have to wait six months to sell shares? How can the employees sell the IP? No. Um so not necessarily. So every so every um so John so every IPO IPOs can be different. You don’t necessar like the general rule of thumb is that insiders wait 6 months before they can sell but they don’t have to follow the same lockup period. So there are a portion of of IPO shares that will be able to be freely traded on day one. It really depends. You can even and you’ve seen a lot with like whether companies do like uh spack mergers, if they do direct listings, they do an IPO. There’s a lot of different ways companies can go public and you can and there can be different um different terms on lockups for specific individuals and specific rounds of investors. Um there’s not necessarily like a locked in set way it has to be done. there are things that you can change that could be on a case- by case basis. So that’s what I mean. There’s a lot of instances of the SpaceX IPO that are kind of first times that I’ve seen stuff like this. So that’s why I’m saying I’m really interested to see how the stock is going to trade, but it is something I will definitely trade um one thing I would definitely trade there. Do you guys sell the level three data? Yeah. So we we do have um people are able to to purchase level three data um as an additional cost when you guys are are part of two trading group. We do have uh level three data feeds with uh with the NASDAQ. Okay. And this is really listen those of you that are not members, you got to understand something. The tools and resources that you have access to on TG’s platform is the reason why so many of our members are successful. As much as I would love to tell you the reason why we have so many successful members, members stay with us at 75% rate is because I’m the world’s greatest trader. I don’t believe that I am. And I’m not. Uh I’m a damn good one. I’ve been doing this now for almost 20 years. 19 and a half years, I believe. Now, I think, you know, August might actually be 20 years or maybe next August is 20 years. I have to do the math. I think next August is 20. Yeah, next August is 20 years. So, I’ve been doing this for 19 years. Next August is 20 years, I believe. Yeah, next August is 20 years. Yeah. Um, but the tools and resources, that’s why so many of our our members have success. And by success, I flat out mean that they actually make money, right? So using these tools that I’m talking about, like I’m going to use this tool, I’m going to have our AI be able to read the institutional order flow and tell me where there are institutional buyers and sellers that can help me identify when it’s time for me to get in or what price I want to get into the SpaceX IPO. I’m absolutely going to rely very heavily on that tool that day. Those of you that are members of True Trading Group, okay, those you that are members, do me a favor. Type the number one inside chat right now if you’re making money and you guys are becoming better traders because of the platform you guys have access to because of true training group. You have to understand something those that are not members. We are not just a chat room with courses and trade alerts. This is an entire fintech platform that gives you tools and resources to help improve your profitability and also improve your consistency. Okay, these are tools that give you a distinct advantage over other retail traders that do not have access to these things. If you’re looking at the chat right now on YouTube, you can see all these people typing number one are members of True Training Group that once were a viewer on a live stream and are now telling you that they’re making money because they have access to this platform. If you’re not a member and you want to try out some of these tools, you can. You don’t have to commit to a year membership to use these tools. We have a trial program that allows people to come onto our platform, try our tools, make money with them, and then decide to become an annual member. Then at that time you can go to trueraininggroup.com990
that gives you access completely unrestricted full access to our platform and our AI tools for 90 days for just 90 bucks. Okay. So it’s a dollar a day to have access to the entire platform and all the tools. That is how you guys can try out this platform without any rush of like oh I only have seven days or to make this work or I only have 30 days. It’s not it’s not this really short trial that you’re you have all this pressure. We give you a full 90 days. So, there’s no pressure. You can take your time. You can use the tools because we have a lot of stuff here on this platform. You can use them at will and just make money with us for 90 days and then you can say, you know what, I want to become a full-time member. These tools are fantastic. I made a bunch of money with them as a trial and and then you’ll join full-time, right? Bert says also as a member, which Bert is a member, you also get this great analysis throughout the day too. What makes TTG different? Simple. It gives traders education, structure, and community so they can focus on executing a real plan instead of just chasing noise. That’s from Julie, who’s also a member of True Trading Group. So, like I said folks, you guys can just go to truerading.com990
and then you guys can sign up for 90 days, use everything, get unrestricted access, then decide if this is the place for you. Okay, that is going to be my suggestion to all of you that are on this live that are not yet members. If you have any questions, you can send us a text message to the phone number you see at the bottom of your screen. 1888-621-2127. Again, that is 1888621-2127.
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and you guys can join us for a full 90 days. All right. So, yeah. So, really long answer there for the SpaceX IPO, but hopefully now you guys have a pretty good idea of what I’m thinking and what I plan on doing with regards to that IPO that’s going to be coming out.
We’re getting we’re continuing this little pullback on the spy here after hours as we’re going to head into the futures close here in just a moment. We just fell back underneath
Friday’s all-time high. We just fell back underneath it. So, we’ll see how far back this little pullback takes us. Um, but let’s talk about some of the stuff that I mentioned to you guys in the live stream last night. So, I’ve been longing this TE for quite a little while now. Um, and I said to everybody that I’ve taken a ton of profit off when this thing got over 11 and I’m right now I’m down to small size. But what I’m looking but I’m still long piece. So what I’m looking for was for 950. I’m looking for that to become support and then I might want to reload and get back to a normal regular size position because right now like I said I’m in I’m in a small position right now at this time. Um, and what you guys can see here is you had this resistance back in January and February, and you had a resistance here in May. Then you broke through it, and then you pulled back down into it today, and you bumped right back into that previous resistance. You bumped right back into that teal blue line, which is the 9 EMA, and it held. It held. That’s the mark. I said to you guys, as long as this stock is above 950, I’m still thinking long. If it breaks underneath 950, nine and a quarter, I’d stop looking long. But as long as it’s above that level, I’m still looking long. And we’re going to try to see does TE, does it give you followthrough? The volume on these last two days has been super light compared to the volume on the big breakout days, which is what you want to see. You want to see low volume on pullbacks into retest previous resistance to see if it’s now support. Got a nice little bottom tail down here. You got the 90 MA support. Let’s see if this thing can pop back up over 11 and eventually push back up over 12. So, I’m I’m in small size right now because I’ve taken a bunch of profit off and we popped over 11 last week. Um I think I sold out like maybe four times. I think I took some profit. So, I’m down to a small piece of the position, but I I am looking for an opportunity to reload. All right. So, we’ll see how that works itself through um over the course of the next couple of days. And then last night I mentioned to you guys Iron Um and I held the level today perfectly. So the level that we had mentioned to you guys in the live yesterday was this 6061 zone on Iran. Okay, that we want to see that hold support. And we held it beautifully, right? You held it beautifully back up to the upside. What you want to see now is this 61 62. You don’t want to see us get back underneath that. Any bit of a pullback, you want to see, you know, bottom tails stick in here.
All right. Something looks like that
is what you want to see. And then let this trade line catch up. Let that trade line catch up and let that just kind of let that push let that push I ran higher. Okay. If we break underneath 6061, get the hell out of dodge. Okay. Because that’s that that’s the support level. But I like what I saw today. This is a trade idea that I gave you guys last night. Um, I told you guys that was the support level. If it holds, we’re going to look for that for a possible long. I’m not in the position yet, but I do like the price action that we saw there today. So, we’re going to monitor that one over the course of the next couple of days. Then you have the quantum names I mentioned to you guys last night as well. And these also holding these consolidations. Okay? And I mentioned this to you guys even two weeks ago that or no a week ago and then also yesterday that I’m looking for these stocks to consolidate and then eventually break out of their consolidations and continue higher. They’re still within their consolidations. I am not looking. You don’t have to be early to these trades. I really don’t think you need to be because if you get a breakout on these quantum stocks, they’re heavily shorted. they have, you know, a lot of retail interest on social media. If these things get going and they catch momentum, they will give you follow through. So, you know, rather than trying to be long right inside of the middle of a consolidation, I really don’t think we need to be long inside the middle. I think we can wait for some type of a sign of a breakout of the consolidation to try to catch these things long. But right now, there’s nothing not to like. We are still consolidating the original breakout of the quantum news with the US government. And as long as we sit here in this consolidation 23 24 that’s your support on Regetti and QBTS that support is around 2627. Now QBTS had their investor day today. So that thing was a little bit more volatile there intraday. The CEO was also on CNBC. So that’s you know big move up big pullback and things were kind of just um you know bounced around a lot there today. The breakout point for KBTS is 32. If QBTS gets above 32, it should go to 37. Regetti, the breakout point for RTI is around 28 and then I would say 30 really, but if you get through 30, the stock has room to probably around 35. So, you do have some room here. That’s why I’m talk that’s why I’m saying I don’t know if you really necessarily need to be early to these. I think you can just kind of get yourself in them. um as these consolidations are giving you breakouts. INFQ I think is actually one of the more clean clear setups because you have a nice area of resistance right here, a nice flat top over the last week or so that you’re trying to break above and if you take that level out you can very simply just look for that level to become support. So, you know, if you break above it, you want to look for any pullback back into 18 and a quarter to be support and then just let it let it continue to push from there. So, I think INFQ looks really good, too. This is another one of these names. I think this one looks pretty decent as well. So, these are just trades, trade ideas that I kind of went over with you guys last night. We talked about them today inside of True Trading Group as well. The patterns are setting up. I don’t have positions on them yet, but we’re getting pretty close to a confirmation for me to actually pull the trigger, but we’re just not in them yet. Okay. Yeah, we do have some news here on Alphabet. I think it said Birkshshire Hathway was going to invest $10 billion into into Alphabet. I think I just saw that come through.
Not sure why that would cause a reaction. Oh, no. I’m sorry. They’re they announced $80 billion equity capital raise to expand AI infrastructure and compute. So, Alphabet is raising $80 billion. They’re doing an equity capital raise. That’s why the stock is falling. So, they’re selling shares. They’re going to sell $80 billion worth of stock to fund and expand their AI infrastructure and compute. And that’s why Alphabet’s pulling back.
That makes sense.
And it looks like maybe Birkshshire might be 10 billion of that, but they’re going to be selling stock. So that makes sense. That’s why you’re getting that pullback there on Alphabet, guys. That is the news. Okay, so folks, that’s it. There you go. Um, you know, the new all-time high today. I again, we are overbought. I don’t see clear-cut signals to go short yet, but trust me, I am looking for them. And when I pull the trigger and I get myself short, you guys will know. Um, but just because it’s just because we’re overbought doesn’t mean that the markets can’t continue to go higher. We’ve been overbought for over two weeks now. And over the course of those two weeks, the markets have just continued to make a new all-time high. So being overbought is not a reason in and of itself to just go short. Continue to play the trend, buy pullbacks into support until they don’t work, until proven otherwise. That’s what we’ve been doing inside True Trading Group. That’s what our traders have been doing inside of the futures room. Uh we have moderators that strictly trade futures that are in our futures room trading futures with members that are part of the futures program and it just continue to buy pullbacks into support. Buy pullbacks into support. It’s worked beautifully for the last couple of months and you continue to do that until proven otherwise. Okay. But eventually we’re going to come in here and we’re going to say the markets look like they might have given you a short-term top. You look for a little bit of a 3 to 5% pullback and we’ll we’ll be all over that when that time comes. That time is just not here yet. All right, so that’s it folks. Again, if you’re not a member and you guys want to try out the platform, you guys want to try out the tools, go to trtrading.com/990. You guys can try our stuff for 90 days for just 90 bucks. It’s a dollar a day and then decide if you want to become an annual member. Okay, any questions? Text us 1888-621-2127 if you have any questions at all. We are fully transparent. We are open book. Thanks for tuning in. Subscribe to the channel if you have not done so yet and I’ll see you guys all tomorrow. Take care, folks.