Moderna Halted Mid-Air: Cancer Vaccine Data Sends MRNA +150% | Stock Market Live transcript

Just because the S&P 500's relatively flat doesn't mean there aren't a lot of areas of strength to look at in this market, including in the health tech space. We'll get into that in just a minute. But yeah, relatively flat open as of right now. It's what we're seeing in the SPY. But again, 90 minutes to go until that opening bell will ring. NASDAQ here looking like once again roughly [music] flat compared to where we closed yesterday.

Take a look at USO as we do more or less every day as of late given the ongoing Iran US conflict. USO poised to open slightly green so a little bit less flat than what we're seeing with the NASDAQ and SPY but still no super strong movement to the upside for USO or at least strong [music] movement that's been sustained. I want to mention as well Dol really quickly here before we get into this housekeeping because speaking of strong moves this actually just came out. that I was seeing a couple minutes before we went live here.

They filed an 8K after an internal screen was accidentally shown during investor meeting. So apparently daily active users as of August 17th, that would be Monday, were estimated to be up 27.4% year-over-year. They got an upgrade yesterday as well. So good look here potentially for DU. But what are we looking at for the markets today here? No economic data coming out in the morning, though we are going to get those EIA, crude oil, gasoline, distillate, and crude pushing inventories coming through [music] at 10:30.

But then at 1 pm, you've got the 20-year bond auction and at 2 pm the FOMC meeting minutes. I would say those minutes probably [music] the most noteworthy piece of data we're going to be getting today. We did have that 93 votes. There were three dissenting votes coming through at that July meeting for which the minutes will be given. So that I think will be something to watch. We also have Trump speaking with leaders in the technology industry at 2:30 p.m.

So weirdly, the back half of the day is going to be loaded with more info, but the front half of the day still has plenty to look at. You've got Madna here, mRNA with a personalized cancer therapy trial going quite well. Merc also to the upside, but this Madna move is just completely unprecedented and a great look here for the stock. The other side of things though, you've got Nebas to the downside. This came out, I think around 7:40 a.m., so relatively later in the pre-market session, at least up to this point.

But they did announce this convertible senior note sale over $4 billion worth. You've also got, you know, analysts weighing in on Nvidia, Amazon drone expansion. There's a lot to talk about. A lot of in the tech space today, Sharief. So, good morning. How are you today? >> Morning. I'm good. Thank you for asking, Adara. Nvidia sending H200 chips to China. Not many, but at least some have made it way over there. Separately, there's a different issue with Nvidia.

A lot of Chinese users are accessing GB300's, Visav Cloud uh data centers in Asia. So, the US government looking at possibly putting some restrictions on there. Meta engineers were in the hot seat yesterday being asked about the addictive nature of their uh social media platform. So that remains in focus. Meta again flatted down on the day. Amazon as Darra mentioned looking to expand air uh air drone delivery at scale for that matter.

So Amazon up here to start the morning and SK Highex $29 billion buyback ignites a 4% move here in the pre-market and oh my days this is yeah this is Madna. Um guys, I watched this in real time. I caught the first 5minute candle on this one. Uh we were trading around 75 bucks when I first had eyes on this one. We are now at $130. We're up 105% as Adara mentioned on the back of that cancer news. Target reported, TJX reported, Lowe's reported, they're all negative to start the morning.

Viking uh the uh the cruise ship there up two and a quarter. Cerebras also in focus here down two and a quarter and E L up eight and a half a dare. >> Yeah, expect the letters M R A N A to be said a lot I think this morning but what letters are you guys saying for stock tickers to watch today? Sean [clears throat] and Neil, good morning to both of you. Welcome back Sean. >> Good morning. Well, I mean obviously everyone's looking at Madna and Merc right now. >> Okay, thank you.

It's like 130 right here. Like it's it's it's like it's just so impressive of a move and it's like it's it's it's been so long waited for Madna to get away from well it's not to get away from to have some kind of an actual breakout here when it comes to the cancer treatment. Like it's not we're not talking about co anymore but there's another there's another aspect to this. There's a reason why every single time someone asked about Fizer, it's like Merc there's always there's always something when you're looking like a bad stock in a sector.

There's usually a good one somewhere. And Merc of course not going to be moving up 102% like Madna is, but it shouldn't get left uh to the wayside. Merc having a pretty good morning uh as well. It's up eight points today and just continuing its very very nice uptrend. As mentioned, it's not all it's not all roses because if yesterday, yesterday was not good for a lot of chip names, a lot of AI plays. You saw the memory names, they tried to go, we're all gapped down.

They tried to go early in the morning like DRAM was like a was like a VWAP break. It tried to get going and then just a reverse short. Intel got battered down a little bit uh there. Names like names like Marll. NBIS is going to be in play. That had a rough one yesterday and now an offering. So, it's getting smoked a little bit. >> But hey, I mean, [laughter] Madna of 103 points is going to catch a lot of headlines, but it was a pretty weak uh session for the NASDAQ based on what happened with a lot of those chips. >> Yeah.

Uh just f I mean, we just went down 10 bucks from Madna. Broke out through 130. It went to 135. Now it's under 126. So yeah, this is going to be a wild trader there today. Up 100%. And we just I mean it's great for melanoma. Basically the story here is as Daryus sort of went over it there. Merc and Madna's cancer vaccine combined with Kitruda. So that's going to be I think that's part of Merc's situation there. Met the main goal in phase three trial.

More than 1100 high-risisk patients extended their lifetimes uh after taking these drugs. So I don't know if there's an exact I mean I don't we'll have to dig into it there's an exact time that it was extended or but as we were saying here you know any extension of life um for cancer patients is such a blessing so uh yeah that's that's fantastic and you know it's look Madna is one thing it's fine but a name as Neil was mentioning there that a lot of people could probably get into mercs of the world fizers the Eli Liies but at the end of the day there's reasons why this is basically the third highest, you know, positioned ETF, the largest for myself is XBI.

And it's just, this is the biotech ETF. And it's just been, you know, pretty cruising. And we always say like just if you're always betting on science, then, you know, the IBB, the biotech ETFs should be owned. And at least if that's what you believe anyways. I mean, you know, don't don't show this report to any of the people that don't believe in vaccines or anything like that, but uh there it goes up now 2.5% and you know, a beat up name a little bit back into the 50 period now trying to break long.

But yeah, I guess I was looking I was like saying yesterday there was bad situations with uh Marll and then yeah, Neil brought up Intel. I actually forgot about that one uh there yesterday. So breaking now below that $100 mark. Ray where Lip Bhutan was bought his $10 million worth I guess uh 95 bucks was the last reported sale there or buy there. So you know thinking that 95 could be a level potentially to hold now for Intel based on you know sort of where we've been buying it up a little bit here today and and that story right for for Lip Bhutan buying in and around this price.

So I don't know if that's going to matter at the end of the day. And then I saw on Monday when I was here, it was like, okay, you know, memory has been sort of going crazy. Um, wait for it to come back in a little bit maybe and and buy something like an SK highix. Didn't quite get into this 140 area that I think I like, but we got pretty close, man. Up down to 150 there yesterday. Now back up to 160 there today. So what was lost yesterday is, you know, trying to come back here today.

So there are there are some good green shoes. Yeah, it looks like there today that that that are around. So, yeah, it should be a should be a fun one there. The Blue Jays won again, so they're back in the wild card hunt. Uh they're on they're literally on fire right now. So, hopefully Vlad didn't play again, right? Or did he? I don't know. I was watching a little bit of it. I didn't notice. Um >> No, we had Okamoto's been playing for >> Yeah.

Yeah. So, maybe he can stay heard for a while. >> No, the the concussion treatment I think it's automatically >> Oh, yeah. You get you get your few days gone for that. Yeah. Okay. And then the saga with um what's Walter the the the guy that's selling some Chelsea that sold the Lakers and is possibly having to sell the Dodgers. >> Yeah, he owns a PW. So the the crazy thing about it like and the only reason I know this is cuz so he owes $1.1 billion again in in like 11 days or so because his company is his insurance company is financing half of like this stock this random CCL stock that's being bought out and when it d when the news hit the wires like this thing is literally days from closing and does not move. when it hit the wires that this guy is the dude on on the hook for it, it actually moved to the downside because they're worried that he doesn't have the money. >> Financing will fall through, >> but he's look, he'll probably just sell his stake in the in well, he already sold a stake in the Lakers. uh he'll sell his maybe sell stake in the Dodgers, but there's this whole and this is not necessarily a stock story to the extent anything that this guy is connected to is probably under risk from having to sell, but the what's coming out about their TV deal, the Dodgers, and how they structured it, how they've avoided luxury tax.

Basically, it's it's just all it's all a gigantic scam. >> Mhm. >> It's Yeah, they're No, they're not doing it the right way in spending. They're just a scam uh what they pulled off. But, uh we'll see. Maybe some new ownership with the dogs will change some things. >> That's an interesting one. Uh that's an interesting one that um how you you just you merge the different businesses, right? Like how it affects the stocks and then you know we can see like um losing out on some of those deals.

I I did hear that guy owns the PWHL as well. So there's some >> Yeah, he he founded the league. >> He could Yeah. Yeah. They still owns them all. Owns all the teams. So he could definitely make But thing is this is just a temporary thing. It's not that this guy's broke. He's doing it to >> All he has Yeah. All he has to do is free up cash. >> If he frees up enough cash, everything is fine. >> Everything will go back to normal here, I would. >> But he has to but he'll probably have to sell a bunch of stuff. >> What was uh SpaceX wasn't very bearish yesterday.

That went up to 146 again. SpaceX, >> it was just at 4546. >> Yeah, that was a good one. Started the day yesterday down at 140 again. Um and then yeah, just pretty choppy early again, right? And uh made that low near 140 again and again. kept on making that low and then up there again. So, you're right back into 140 again now. So, potential longs, you know, developing there. I don't know. Uh, gold maybe. What's gold been doing?

I actually put it out. I haven't I haven't checked yet cuz we just went on air as soon as I pushed it out, but I was asking everybody else like what kind of trades maybe you guys were looking at today. Gold relatively flat, but still up. I mean, we like that breakout for gold. Now, just kind of maybe taking a little bit of a uh back seat here uh for that one. Wow. We got Okay. Uh, here we go, man. I just posted this up five minutes ago.

We already got a few responses here. Dave, so I said, "Hey, what's good morning traders? What's setting up for you guys here in the AM?" So Dave says, "Madna." Yeah, I think you're right. I'll respond to all these, don't worry. Yeah, you're right about that one. Figuring what to buy in this cray cray market, the madman is in charge. Who's that? Joseph is in charge. Uh, TCQQs and Intel. Yay, Brian. Man, you're speaking my uh my word there.

TN. We'll have to figure out something. And then some Intel love over there. So I'll I'll get my opinions in on some of those plays as well. But uh is Tian Owens? >> It's a mover. >> Is it? Okay. So there you go. So you know, thanks to Tangon Medical there. Good little look there by our good friend Victor. So this is why like go up there. I'll put it out. If there's any symbols you guys want to talk about uh there today, hit me up on Twitter and we'll be able to talk or on X.

We'll be able to talk about that. Yeah, we just I mean without even looking, we talked a little bit about Intel there. So there's double the intel coming through. Um Cray cray market and then Madna. So yeah man, there's lots of stuff going on there. There's Tenon. Uh there you have >> I got the story it looks like. Yeah, there's Yeah, exactly. So Ton's in play. Uh Tina medical shares trading higher after the company received a notice of allowance for a US patent titled systems apparatus and methods for stabilizing Sakoria.

Ah whatever. I'm not gonna pronounce that properly. So let's not even try. It's 35% short float that actually hit in the like right at the end of the day like right at the close that story. So this is a continuation play. But the bigger story here from trading aspect is it's a 600,000 625,000 float for Tenon and it's 35% short. So two questions, Sharief, >> how much are you looking forward to trading Tenon because it fits all the parameters and the other one would be MADNA's a gapper.

Is this something that's on your radar? Like so twofold. Obviously Tenon fits the regular criteria, but Madna has the profile and look of one of the gappers. It kind of melds the worlds together today. You looking at that? >> Certainly does. I mean it's got the momentum. It's got uh the uh the move up, but the cost is uh is a little bit beyond my uh my kind of my range there. You don't try to stay away from everything, you know, south of or north of 50 bucks.

But let's look at what's else is moving. Guys, I have to point your attention to this leverage product, MRNX. This is a Madna leveraged ETF. It's clearly two times as it's up 180%. Be careful, the volume is much less than MRNA. But we also have RDAC. This one looks like the best trade is behind it. Double top into 20. Just lost VWAP. Founding finding support at 12 and a half. It looks like it might reject off that VWAP from the sell side.

But TN stairstepping up. Nice breakout yesterday at 4:00. Holds the aftermarket levels. Continues to put in higher lows, higher highs, knocking on the door of 13. As long as this one holds 11 where VWAP is hanging out, I'd definitely be looking at TN. And then we also have to talk about YJ ripping up now almost into $4 likely going to see five soon up 112%. Uh you've got a one and a half million share float just like how I like it on this one.

And it's trading at around 3 and 3/4. So YJ the number one gapper right now in my book. >> Yeah, expect a lot of Madna discussion this morning guys as I think is fair. This is by far the most mentioned ticker in our chat so far today and for good reason because it is up as of its premarket highs more than 100%. Working with Merc and this trial really well received. Apparently two different separate areas had their end points met. >> Yes.

So let's get to this because there's a lot of words here that I'm going to have trouble pronouncing. So I do apologize. in advanced merk and murder as phase three uh interpath 01 trial success here for intestan autogene combined it it combines with kit truda and specifically it's for high-risisk melanoma but this guys is the first ever phase three cancer vaccine success uh in the history so it's a it's a historic milestone obviously um for both companies uh but the outcomes here were already kind of known back in 2024 when mRNA filed for this from the FDA.

They were rebuffed. At the time it was a phase 2, not phase three trial. They took their information, they took their data, they took it to phase three, and here we are. Uh, but it's hyperpersonalized. So, it's not just like an injection that just comes out of the factory or whatever and into your your arm or your leg or whatever. Listen to this, Sedera. So, it's not an off-the-shelf therapeutic. It's dynamically manufactured using synthetic mRNA that codes up to 34 specific antigens, neo antigens, entirely customized to match the unique DNA mutational signature of the individual patients tumor.

So, highly specified. So, to me, right away, number one, I think costs are going to be higher because when you're customizing something, typically costs are high. And number two, can they have it uh produced on mass since it's going to be, you know, customized. So, those are just some immediate questions that come to mind, but there's no toxicity penalty here. Apparently, it's better uh tolerated than Kit Truda alone.

I know it's being combined with Kruda, but who needs double the toxicity? So, I kind of like a lot of these points. >> Yeah, it's an interesting look here. I think the costs are something that probably investors and people watching this are going to be looking at going forward, but right now certainly a nice look for this stock, which costs more significantly more than it did yesterday. How are you guys feeling about MRNA here?

I'm feeling better now, but I mean I'm I'm six bucks in the money. Uh no man, we took the short, man. We took the short, breaking through that 120 marker there. Um so yeah, look, I mean I I absolutely love the story. I mean, how can't you? But we're traders, right? So um and didn't take long to get into the club there today, did it? Right. Um and so there it goes, man. It's a big move early and we're not trading with that many shares here, but you know, a win is a win as we always say around here.

And we always say that chair size don't matter and it doesn't matter here. You just want to play it. It's going to be very violent. So war. >> Yeah. You just want to make sure that you don't um put too much out here because this name could obviously rip and I I only have 25% left of this trade. Anyways, so um yeah, I just, you know, underneath the the 25 period moving average there. I wanted to look at what there was just a 120 play.

That's all that it was there. So, we actually got in at uh 119, got out, it broke through 120, punched back in through the downside there. So, you know, it's um it's just a great story overall. I mean, that's why we talked about the XBI and fighting with science and all that. Um I don't it's a new like we were just upund 13% or something at the highs and now you're back down. So, you know, it's it's going to be a tough one to judge like what kind of value this brings to the stock or what kind of value it brings to the space at all.

I do think it's >> it's very difficult. >> Yeah. I mean, I I have no idea. I mean, they're going to be presenting this um and then someone's going to say, you know, how much does it just sucks to think about like how you actually rate these things because it's like, all right, how many days does this extend people's lives? What is that worth? Like, it's such a stupid thing to talk about. >> How many people have this? >> Yeah.

It's like, I don't know what that's worth. the number. Okay. Well, if you if you cha and look at the people that are high-risisk melanoma and like what that addressable market is, >> that suggested that you you're talking like a couple billion annually. But then out it's again it's almost impossible to price. That's why you see that kind of price action. There was one thing to keep in mind. There's levels aren't going to levels that are not psychological might not matter much today, but there was something brewing apparently at $100.

I think Joe said that he saw something in there at the 100 level. That's a good psychological one. And there is a sympathy play that I feel like should have been more obvious, but I I'm going to try shorting EVAX today multiple times if possible because they went up when this was hitting because they had like a sort of like it's a small capper with a similar story. It spiked twice, went negative. So, it actually went negative, which when you think about it, it's like, well, if these guys are trying to develop something, this is all they have and they're a small company.

Yeah, people might have bought them before, but um if Merc and Madna possibly cracked the code here for something, what does that leave for anybody else that is trying to do something similar? Because I that's it's it's it's not to say that they're dead, but it's a price action. >> Yeah, that that's a good trade. I think >> I want to short this one into 330 if we can. If it breaks that, I want to get view up. I wish I had seen it sooner because obviously when it was only running on the Merc or on the Merc um Madna story like it could have been a fade through the volume weighted average price but there's there's really a lot to consider with MADNA and VWOP seems like it's a thing for now.

I treat it like a gapper. If to me, if it loses VWAP, I'm going to treat it as if this was just any other gapper. And if it's underneath the volume weight average price, that's where I want the fail and uh go with kind of like the way Luis likes to look at it. I'm very curious. Well, I I I really doubt you would have had the time to look at the options for it. The story just hit, but I'm kind of hoping maybe this could be something Joey >> Well, I don't think >> it's Dams up. >> Yeah, know because I don't think because the options got to wait for the market to open. >> You got to wait for the market to open up to get a reaction.

But it'll be interesting to maybe look at that chain later on in the session. >> One question I have is come on Joe like why didn't Joe get us in these options yesterday? Like he didn't know about this was going to happen or >> you know 80 Can you imagine up 81%. Here Joe here's a question for you to catch you off track a little bit here. Were you have you ever played um you know an options game or name like this where the very next day or maybe two days later there was like such a crazy move that you could have never expected like anybody playing Madna you know would would just be like wow bank in my favor.

So have there been any plays like that in your lifetime where you've been able to catch something like this? >> Honestly Sean not that I can recall to be honest with you. a move like this what we're experiencing in mo Merna you're going to just see some of these options contracts go off the rails it's going to be absolutely insane uh in my earlier days it was a lot of options writing I mean we've had some hefty uh gap downs and everything along those lines but when you see a 100% return just like that in the pre-market people who have been front running this and some insider info are are just going to be absolutely off the charts I can't wait to take a look at it maybe just after the open I'll chime in guys, those who don't have access to the options chain, we'll take a look at some of the appreciation in those Mo Mona charts.

All right, but first things first, guys, let's get into some of the options activity from yesterday's session. We're going to kick things off with DRAM, the sector all around, guys. High single digits to the sell side. Now, we're going to be looking for some potential support levels. I know we're 10% away from this marker right here, but we're going to keep our eye on this $50 strike price. There is some size at $55 which we're roughly trading around right now.

But I want us to focus on this because there's a little bit more volume here on this specific strike price. Now, as for the open interest, we're going to sit on 30,000 flat. All right, guys. So, this is going to potentially act as some form of support level. Now, as for our volume, 2900 contracts opened and closed. Now, we're going to be expiring on Friday, guys. So, only a couple of days until expiration, but no need for liquidity issues here.

Don't worry about that, guys. A $2 spread. These contracts aren't worth very much. And you can see from our delta itself, some people in the chat asking me, Joe, how do I determine if this is a call or a put? Well, your put options will always have a negative delta. So, keep an eye on that. And another individual in the chat asking, Joe, uh, what tell us a little bit more about the option segment. We're looking for where the largest participate participation is throughout the expiration cycle and the strike price is and this could give us potential support and resistance zones.

Now, as for the gamma exposure, guys, we're sitting on 4 cents and are Vega relatively cool. All right, but surprisingly so considering you were down 9% yesterday around the close in DM and in the all allaround sector, you see a 175% appreciation within this specific contract. So that put contract up, underlying asset down. All right, moving forward guys, we're going to take a look at Apple, another name that we were trading yesterday.

So when you have a rotation out of the chips, we see some of the mon money funneling into Apple, that safe haven style play, $310 strike price. We're going to be expiring this Friday, but open interest pretty substantial there, guys. 310. We are trading around that area. only a couple pennies away but 33,700 contracts and we ran into 311 yesterday and immediately rejected at that level. Now volume 36,900 and then if we look at our bid in the ask only a $6 spread again very little liquidity issues there.

All right, so highly liquid underlying asset. Now as for your delta you can tell just considering we're at that 50 cent marker closer to at the money. All right, gamma exposure relatively cool. were sitting at 10 cents and then Vega also at 6 cents as well. But this contract in itself surprisingly so just to what Sean was referring to not too long ago. If you happen to know the night before what's that the underlying asset is going to do this massive run right out of the gate or even in the pre-market.

Well, congratulations to you because this contract goes from 68 all the way to $2.80. A staggering 312% return. Once again, I said we're going to take a look at some of those Mona contracts right after the open. We'll see where we really started to move and then we'll probably see about a fourdigit return in some of those strike prices moving forward. Last but not least, guys, a couple other notable mentions. We have SanDisk here at that $1,600 support system is what we're going to be looking for.

We're about $30 away. 4,300 contracts there from a supply zone standpoint and volume around 8,500 contracts open and closed on yesterday's session. Now we're going to focus on AMD about $30 away from this level. Strike price $450. Now I understand this is a little ways away, but we're going to be looking at the open interest just in case this name continues to slide. 7,700 contracts there potential support with volume at 2400.

Both these contracts are going to be expiring on Friday, guys. Let's send it back to Neil and Sean. >> Shoot. I I thank you very much there, Joe. And not to not to get away from DRAM and some of the options plays there, but Marll on the move here. It just spiked $15 at the highs up to $229. It's still holding on to some of those gains. All I heard was definitive agreement as I was trying to trying to listen in while we had Joe uh >> some sort of a filing.

I I didn't uh I missed it as well. >> I did reshort some Madna there um at 19 at 118 actually. What was the price 181850s? So, I'm trying to bid some 11650s. It hasn't really broken back below, but like if we could just scalp back and forth a couple dollars here on that MRNA. And Joe's right, man. There's going to be four and five digit moves on these MADNA contracts. I mean, that kind of a move. Um, oh, it's some sort of a a warrant with Google.

Is that what it was with Marll? We're we're going to we're going to find out. I mean, Google's not Google's been performing pretty weakly. Uh, this has actually been a really bad stock. I hate to say it. I mean, this is one of the biggest positions for myself and for many traders, I would assume, but that's come like right back in into the 200 period moving average. That that's not going well, man. I know they had some sort of another sale there, Australian dollar or something, bond sale. >> Um, but that's coming through.

Adara does have the story on Marll. >> So, here's the deal with Marll guys. I'll send it right back to you so you can continue to react to this from a trading standpoint, but MRVL to the upside. They issued Google warrants for 58.97 million shares at 26.58 per share. That's roughly 6.7% of outstanding shares. That's according to a filing. This warrant relates to custom semiconductor products for Google, including AI inference accelerators, storage controllers, network interface controllers, memory interface controllers, and near memory compute.

Apparently, 1.36 million of these shares vest quarterly over the first year. 57.61 61 million invest in 240 tranches each for $500 million in custom products revenue through fiscal 2033. The warrant expires in on August 18th, 2033. So I guess Marll has issued some warrants to Google. It's trading sharply higher here. >> Uh Marll still has a crazy PE. So PF50s >> uh 75 there with their PE. So it's still very expensive.

Um but yeah, there it is, man. Andrew's agreement with Google to expand TPU. At the end of the day, Adair just said everything that was attached to it, but basically they issued warrants to Google. Uh they're expanding their TPU ecosystem right there for Marll. So as Sharief just said, TPUs uh starting to go off right there. So it's not really doing anything to Google stock. So I'm not really sure. I think it does help Google maybe solidify.

I mean, you know, get some of the supply under control there. Uh but yeah, memory interface controllers. Look, it's why we put Marll as part of our this was at the beginning of the year in January. This was one of the stocks that I put on the list uh on our competition, right? So, if you're going all the way back down to there, it was $80. All right? So, obviously, it's had its moves up to 330. The reason why I liked it is because of these exact reasons. the um sort of the brains behind you know the GPU is sort of everything but there's a nervous system uh that climbs through Marll's involved in so many of building of these TPUs we talked about um the custom A6 this is what this is for so there goes Marll up now you know basically partnering with one of the biggest um you know capex spenders out there uh with Google so I think this is going to be a good story for Marll >> it goes right back >> you would think it would be good for Google, too.

But >> well, I mean, but I don't know. Like, you're going to buy 59 million shares at at 07. It just goes back to, we were talking about this because Darra had um the infographic yesterday, but Nvidia and all of the names that Nvidia is investing in. >> Yeah, I is one of them. >> And it's like, okay, well, now Google, same thing. They were already propped up by their inves like look, their earnings last Google's earnings were fantastic last quarter, but to a certain extent, they were propped up by some of their private holdings.

And now you're just getting more of this. let's just keep putting money into the names that we hope are going to continue to feed us and grow instead of that financing coming from somewhere else. It's like well Marvel Marvel doesn't get it from somewhere else. They end up getting it from Alphabet. Just spend spend spend. So I can it's making a little bit of sense why Google's not really moving on this. Um obviously Marll you can see right here Marvel pops right to 240 which is why I was showing the 15minute uh right up to that resistance at 240 that we saw a couple of days ago.

So it kind of gaps into that level. That's probably the place to watch. But Tisha Perkins, um, 878. Oh, next level on YJ for a second there. Very lead. Got to put the ticker in first. Uh, YJ, which is another small cap uh small cap runner. There's levels on this thing. I mean, look at this. Yeah, YJ probably is probably like a reverse split in there at some point. But like I usually you'll look it up and you'll find some some bag holder levels that will make sense why we're looking at 878, but if you like 878, maybe it's a fib thing.

I have no idea. This one's going ham as well. But I don't know. I don't see I don't see any obvious levels out there as well. And there you go. For anyone tuning in um in the last few seconds and wondered what the heck is going on with Marll, Marvel and Google entered into commercial pact on July 29th. Today they've issued Google a warrant to purchase up to it's approximately 59 just call it 59 million shares uh at a price of 206 half.

So 20658 per share is the excise price uh on that. So yeah um in the chat we just saw this is all circular investing. I mean to a certain extent that's what some of the concern is you would think but it's it's good for Marvel it's >> that is what it is >> that's what we that's what we've been doing >> seen it before >> we've seen it it's what Nvidia is doing and >> we did get um we did get out of some right there I told you we're bidding 1650s right so uh there it was and why were we bidding 1650 because it's been the floor uh there on Madna so that came in and we got it the floor was actually 1680 I was thinking once it broke we would get a good price and we did so we did at 1650s there.

I'm stopping out of on a 121 break, this 50 period break. So, if we do break above where that is, then we'll give back maybe 15% or so uh in stop out, right? So, we just um we didn't actually reload a full amount there. So, we're going to wait now to see what winds up happening. I don't have I'll take one more small trade in front of 120 again and then we'll use 121 as our out there for Madna. But definitely a slippery slope. feel pretty pretty happy with being able to take a little bit of profit.

Remember that was we got stopped out when it broke 20 the first time. Then when it didn't go, we got right back in. So that was part of that story there. But uh yeah, Madna is going to be a story there for today. Uh that's for sure. But Google, I mean, maybe this is I don't know if it's a good thing or a bad thing, but it's not really doing anything. I mean, the futures are now starting to pick up a little bit, which is helping the Google story.

Uh I could see if we think about just like how you're short that EVAX there. Um, you know, you got to sometimes think about what this means to other stocks, >> you know. So, there goes Broadcom getting kicked in the face right there. Like, I chose Marll over Broadcom and I'm glad that to have made that decision, obviously, as there goes um, you know, Broadcom back in again. Broadcom's been great. I mean, as of, you know, before the last week or so, Broadcom actually was performing a little bit better than Marll off the lows.

You know, like Marll's high was 500. It's low. Although the lows were pretty bad when they came in, but just as of yesterday, it was back to four. Not as yesterday, as of last week was back to 420. So, it wasn't really that bad. Marll had a high of what 330 or something like that. And it got all the way down into two 210 something. Yeah, even lower than that. 2 210 was yesterday, but you know, down to 160. Like that got chopped in half, you know.

So, Broadcom has a little bit longer lasting power, I think, here. But wow, now Marll is >> Yeah, but this is getting bad for >> they have juice behind this one. This this is um well, when we first heard the story, man, I mean, he could have easily punched long, but I guess this is a hard one to kind of figure out, right? That's not even really the story that's up on the board now. That that that's like where it all began, but now it's the warrants and everything.

Yeah, it's I think it's really more about the warrants to purchase that many shares because effectively now you've got now you've got Alphabet with a vested interest in in really seeing this partnership thrive. And like just not to this is not to beat a dead horse when they're down. I don't mean to bag on I don't want to bag on Broadcom, but we were talking about this with Brian Shannon major moving averages getting lost >> uh yesterday.

Well, now add Broadcom to the list because Broadcom just broke not the 50 SMA, the 200 SMA. That is that's like that institutional long-term support level for for for bigger stocks. It's been under before and it was able to hold. But if this stock loses, it gets underneath and breaks down like consolidates and breaks down that 340 is going to be pretty key for Broadcom for today. I would suspect it should catch a bit at some point.

Maybe look to see whenever if you're looking to catch the dip here, you're probably going to want to make sure Marll is making a turn of its own because every single time this blast up, it's almost like an algo. It's going in the other direction uh for almost mRNA. Marll goes down a little bit, Broadcom might catch a bit of a bid because when Broadcom, the second that story hit, they sold and they haven't really done much of anything else uh but continue to sell off. >> This uh this might not work.

Mar Madna went through 121 so he punched out and then I was like let's trust I mean again we're just having some fun here let's try to see if but now it's holding this 120 like it does it doesn't want to there's a seller here and it's not even that many shares but it doesn't really want to break above it okay so now there's it's gone like look at there's so much trading that's in dark pools it's there yeah that it's ridiculous so there's a move down right now in Madna so we're long we we tried the long above 120 I don't want to be like holding this forever but I still think there's going to be a bit.

I mean, we caught it off this 115. So, we went short short, went a little bit long there. Just kind of having fun. We're we're in we're in basically half of not half of a unit, but half of what we've been trading with. So, we're trading with pretty light amount of shares here. But, let's try to hold this 120 maybe down to this kind of that shelf break there, 11650 or so for Madna. Let's give it a little bit of a shot here to see if it can um you know, get back to the green side of things here with Madna.

There it goes right back up to a dollar now uh in change. This is going to be a wild one. I haven't even really cuz I've been trading here, I haven't really been looking too much at the uh sticky note or anything else, but there it goes. So, we take there we take Okay, now it's starting to go. So, I'm we'll take out a little bit more upside. So, that was good. So, we did get again like I think you got to trade with stop orders even in the pre-market.

I mean, this stock is actually not really trading like it's a pre-market stock right now. I mean, the levels are there. This might actually be more liquidity now than there might be when this thing finally opens up. So, um, yeah, Madna, lots of lots of easy trading opportunities just because of the liquidity here, but it's definitely not an easy trader. Um, but it has built itself off of this 117. So, that would be sort of a key level maybe to look at.

I'm going to offer again up near 123 and see if we could take another $3 on this move. Uh, and then see if we can get back up to some of these high side trades there. Will be really interesting to see how traders react once this market opens. Do we have Louise coming today? He should, right? Um he hasn't showed up yet. Okay. So, um basically, if we can get this name to go uh once the and still hold on to it, I think there could be a break higher once the market finally winds up opening up there today.

But there it is, man. We take another little fill there as it's going through 123 now. So, all right, man. We're going to work on some more names for our sticky note. And then Target, uh had their report today was down and now it's up. >> Yeah, it was down. >> So, wow. Target, man. You can't keep a good company down, I guess. Uh there it goes, man. breaking out now. Target has to take out this 154 before it does anything, but that's a good little level there for Target.

So, we'll keep our eye on that uh here today. But yeah, lots happening. >> Thank you for the super chat. Smelly bottom sphere. I I don't even know what that one uh what do we think about Oracle? Remember like Oracle the news hit I don't know we had the title up there on on the stream, but this hit yesterday. There was some concerns about the slowing growth in open AI threatening Oracle who is just solely solely reliance incorrect but wholly reliant on uh on open AI >> for their growth and so >> any and there's a delay on some data center buildouts like pipeline issue blah blah blah and all of that's I think pretty negative.

The one good thing for Oracle is usually stocks don't go down literally every single day. They will eventually catch bids even in downturns. So it's clearly it's clearly a reversal off the 50 period, but it seems like it's bouncing at this little support. It's not a support level. It's just where it bounced on August 6 before getting to the 50. So that 138 just sort of held on to give it a bit of a let's call it a reprieve.

So you're getting a reprieve bounce right now. the market's blasting higher because USO is going down uh right now. So, the market's going up. USO is heading to the downside. That could be helping it. But that 138, the trend is your friend till the end when it bends. I suspect that the 138 level is going to get broken and then it'll fill in uh that gap. But yeah, for now it's like a USO is helping the markets bounce higher.

I didn't hear a story, but USO just dropped like a buck and a half. >> Yeah, Marll's still on one here. But guys, we keep seeing in the chat. I mean, I'm reading it right now as we speak. Um, you guys have the right setups, the right reads, but everyone's trading the wrong size. We just talked about how important that is in trading these pre-market gappers. You want to make sure that you're conscious of your size. But here's the truth.

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You can start in just one hour. So you start it right now. Maybe get going before the open. Just get the size that you've been missing. Scan that code on your screen right now. Check the description in the check the link in our description. It's tradefunder.com. You can choose both stocks or options. So, you know, Joey just went over a few things today. If you're going to get involved uh today in any kind of an options um you know, forum, maybe today might be your day.

I mean, this is uh quite quite the move we're expected here in many of the biotech stocks. Uh and then by the way, a little stock called Marll as well might be optionable there today, up 12%. And um also, you know, look the other way as we said, man. Broadcom getting slapped on this news as well to the downside, right? Um, you know, Intel's not a custom AS6 kind of play, but there goes Intel back there to the upside is the whole market getting on the back of this deal right now with Marll and Google.

So, that's been uh treated pretty nice. Uh, those of you asking about Madna, yep, we're we're back in it. SpaceX went red to green, too, I believe. Um, I'm holding this until we break basically this 116 115 area. So, um, want to give this, you know, three or four dollars worth of room. So, yeah, I am looking for, you know, that three or four dollar move. It can't, you know, I don't want to go less than one to one. We've sort of taken out a little bit of profit as it's gone back up to the upside.

But now that we'll hold on to this last little piece, I do have an offer at 12450 uh just to get out in front of 125. And then if that starts to rip even higher after that, then 130. So, just trying to uh space out the the offers here so that if it does move, you know, we have a little bit more on it there as well. So, yeah, man. Thanks to everybody uh for showing up here today. We do talk about small caps, big caps, large caps, all the news, uh you know, caps we're wearing, um yeah, commodities, upgrades, downgrades, >> which we're going to get to in a second.

But, um and at man, Adam, a man, we'll get to AVgo for your question there. I want to answer all the questions, but I we haven't seen something specific on why oil just made that move to the downside. Adara confirmed to to us here that it was not a a post from the president. So, you can go to his truth account. There was nothing along those lines. It could have just been something a little bit technical potentially uh if we're being real about it.

But as that was heading down, I mean, the markets were already blasting. Uh for those that are kind of dropping in now and asking about Broadcom, any deal look Google furthering their partnership and collaboration with Marll is a negative for a competitor which is Broadcom. That's just less money for Broadcom. So they're heading to the downside. And I got to keep an eye on this. You know what? I'm going to get I'm going to make a rule for myself with this uh small cap.

So EVA EVAX was just a company that went up on sympathy to this Madna story and then it gave it all up within minutes. But like now Madna's bouncing again. So I'm going to get off the offer while MADNA is bouncing and not reload until I see that sort of coming on the back end. But I'm just shorting the bottom end of this range because the other thing about this stock that I didn't show you guys is if it breaks the low like the day low on this random stock that tried to go with Madna is actually a 52- week bottom break uh as well.

So it's a downward trending stock that if it breaks the low today, it's a 52- week low and it was only up because this um when Madura started running, a couple of other names that were related started going as well. So it's 8:45. Let's get back up to the desk. We'll keep our ear to the ground if there's really something a story behind this move in oil, but it doesn't seem like there is. >> Hey. All right, guys. Welcome back.

And let's take a look at some of the analyst actions here this morning. A name that got hit pretty heavy yesterday. Karna on the top of our downgrades list. Now, we're going from an overweight to a neutral weight here, and we're reducing our price target to $18. That is down from $22 from JP Morgan, but the firm sees a lack of visibility into the company's medium-term trends. and thinks Karna needs multiple quarters of plane execution to gain investors confidence.

Moving forward, guys, we'll take a look at another downgrade name we were talking about yesterday. We're positive here this morning about 4/10en of a percent, but we're going from an equal weight to an underweight and there's a substantial price cut here, guys. $80 that is down from $130 and Morgan Stanley giving them that downgrade. But the firm also sites AI AI infrastructure revenue accelerated quarter over quarter but its core business advertising business remained weak down 18% year-over-year.

The firm also sees limited recovery in the second half led by weak sales increasing AI investment. That is the reason for that specific downgrade. Moving forward, Dollar Tree on the top of our list. We're up 1% here guys. Going from an underweight to a hold at Jeffre. They're also increasing their price target to $135. That's up from 185. But the firm sites the business has returned to being simple and straightforward.

The analyst notes Dollar Tree comps are strong with Jeffrey's data inflecting positivity improving traffic trends and that being the reason for the specific upgrade. Moving forward, last but not least, we have Honeywell Aerospace. Honeywell Aerospace 2.6% to the top side, but going from an equal weight to an overweight. And we're holding on to our price target here of $25 at Morgan Stanley. But the firm sites valuations for the upgrade with the shares down 27% since the spin-off.

The firm believes the stock's discount to peers more than reflects its near-term execution risk. So they're liking the risk-to-reward ratio here on Honeywell Aerospace. Also noting that it's the cheapest out of all of the space stocks within this the the firm's portfolio. Let's send it back to Neil and Sean. >> Yeah. So, we'll just do a little bit of this because um this this is this is why, you know, we talk about having orders out, you know, like right before we went to Joey, I said we're we're offering 12450s.

You know, it it ripped up and I I don't know how far it might have got. I wasn't even watching. I think it got to 12475 or 12480 or something. Uh, right. That's probably going to get to it again, but you just you got to have those orders out because then it immediately went back into 122. Now, we're going to get it again. So, it's not like it's the end of the world, but I just want to say like if you don't have your orders out.

So, just on that note, I'm going to put a 129 uh now flat order out, right? Because we want to get out a little bit in front of 130. You just you never know. Although, I was mentioning that the liquidity is quite strong here uh in the pre-market. you know, once once someone swipes it, there's not a whole, you know, a whole heck of a lot sitting in front uh of these levels. So, if you get a big order that comes in and says, "Oh, I want, you know, 100,000 shares," it'll spike this thing up a couple bucks just because liquidity is not there.

Um, and it comes back and goes, but you definitely got to watch out for that. The name that I like in that whole space that Joe just mentioned there, I really like Honeywell. I mean, I think Honeywell, we talked about some of the aerospace uh plays coming back in a little bit. They're they're at the 200 period. Well, they're almost at the 200 period moving average right now on Honeywell. So, you know, this name coming back into 227.

You're trying to look for a bid around 225 to see if that can come in. Sure, it's broken through the 200 period a couple times as well. But, you know, this is a pretty solid gainer um to have in your account where you can sort of not lose too much sleep overnight. uh holding some Honeywell, but just like GE Aerospace and some of those other names, you know, they do have other um you know, sort of plays underneath the hood, so to speak.

There there's no breakfast yet, eh? >> No, >> no. Um maybe that's what Luis is waiting for. He's not coming on till he sees the breakfast. Uh going I guess we're not going to have Luis today. Um but anyways, yeah, this is a good name. Honeywell uh dipping down there. So, we'll have to watch to see how it treats on that upgrade. No volume yet today. 4.7,000 shares, 4,700 shares being traded so far here on Honeywell. But >> I'm actually glad Joe did had CLA upgrades and downgrades because I to I had almost forgotten about this one.

Um it was obviously it was a rough day for CLA and clearly it's really easy to see what the levels were. Let me just go to a three uh threeminute chart. It'll be easier for you guys to see. It was just 16 all morning long in the pre-market. It was 16 at the open that failed. It failed underneath 16 and it bounced off 15 bucks. So, this one's pretty clear like the resistance at 16, flat bottom break at 15 on CLA today.

And if you're looking at that space in particular, well, yesterday this is what they sympathy plays sometimes can be a little bit of lowhanging fruit. Like a firm was gap down because of the CLA earnings miss. So, at the open, everyone's like, "Oh, CLA should bounce." Well, look what a firm did. It was just a straight It was just a clean breakout and it straight shot up. It gave the gains back, but ultimately who cares if you can find a stock which is moving for the sole reason that somebody else is.

And oftent times it's just like the lowerhanging fruit for the reversion would be instead of hoping Clar bounces when it's down 18 or 20% or whatever it was at the time, you just go over to the name that's only down on sympathy and see if you can get that one going. Uh for sure. But yeah, you're seeing like the market's absolutely spiking uh here. Like the NASDAQ's now a half a percent up. The ES is continuing to go.

Look at the move in even IBIT, which more or less did this yesterday. Like you just had absolutely nothing going on and then we just caught a bit of a spike right into yesterday's highs. And Bitcoin did this uh yesterday and failed the 65,000 level. By the way, we're at 6496. So when you're looking at 65,000 on Bitcoin, you're effectively talking about this high that we see here at about, you know, just underneath 369 on IBIT.

So yeah, we're absolutely blasting going into this. And outside of the I mean the look, the Madna news is not what's moving the market. Um obviously, you know, the Marll news is good, but that's moving Marll. So you can't really say uh this at all. We're getting almost like squeeze action here uh on the spy. Like look at this. Like this is almost like a don't chase moment. I feel I almost don't like this going into the open as if they're gonna they're going to rug us um at 9:30. >> Rug.

Yeah, maybe. I mean, it's only up half a percent right now. So, we'll It's the way it's moving. >> Yeah, we'll just wait to see. I mean, it did kind of start with Marll, but uh yeah, it's still going higher there, even though Marll is coming back a little bit. Um you know, a name that I was going to have I'm just getting the sticky note out right now to everybody. Uh I still like Intel. So, Intel down here at 95. I mean, this was the level when we came in this morning.

This is what we talked about when we went live on air. I was like, this is where Lip Boutan had bought his shares at 95 bucks. I guess have those fly traps come in yet? I still see some flies rolling around. Hooray. >> They were landing on my head yesterday. >> Yeah. Wow. Um, okay. >> They're all over the damn place. >> Yeah, we're almost there. We're almost there. Get out of here. Um, but anyways, yeah, I like Intel down there at 95.

So that's kind of got going here as well as the whole space as Neil was mentioning there some of the um I was just I wrote on here watch out for socksel you know if you want to just try to check something um and if you're watching um Intel if you're watching Nvidia you know anything in this space you know if you're waiting for a pullback let let it happen in the broader market and then go over to some names and see if you can pick out uh some winners that you want um right now targets having its call right now we're going to go over all this I imagine but right Now they're talking about tariff refunds and whatnot.

So, uh, Target and I guess the conference call now on for TGT. But that wasn't bad. Uh, there. Make sure you do click our link in description. You can get our watch list. Uh, I'm going to put the sticky note out in a couple seconds. The watch list is there and load it up. Share's morning note is also available for just five bucks a month. 20 cents a day. You're going to get everything you need all wrapped up into one little package there.

Um, so make sure you do grab that. Just go into our page, hit join for five bucks. Then you'll get that PDF uh sent. Well, you got to download it every day, but it's right there on the website. Uh there it is right there. The morning research notes. So, make sure you go check that out. Everything you need to know. And you know, that's what um Joe and Sharief and CIA and everybody goes through on the midday. They go through some of the uh key stories.

So, if you do want to follow along and even with what we're going to be talking about very soon, like you want the report on Target, it's all there, you know. Um so, definitely your onestop shopping spot for your morning research is right here. the free watch list plus free watch list plus shares morning note virtually free >> by the way. >> Yeah. So, for this move, I know there's no tweet, there's no story, there's no like I'm not seeing a headline that's causing it, but the 30-year just draw like this is the 30-year >> like we were just you had a situation where you're at almost two decade highs on the US 30-year.

You had the long-term bonds in in Germany, France, and the UK all hit like decade highs as well. So you had a lot you have a lot going on in long-term rates that is like they're tanking right now. So you could pull up I mean if you're as a trading vehicle TLT is going to be the 20 but like there you go like it's breaking it's breaking out as well. So this like the like the fundamentals are sort of supporting this move that we're seeing in the spy even if you're not necessarily seeing some kind of a crazy headline like you know what there's no point speculating what's causing the move we can just go over but it was pointed out in the chat it's like yeah we are seeing we are seeing rates move pretty big and and maybe that's it maybe there's something technical going on you get the drop in rates and that's a good sign because that's one of the bigger concerns out there is like well how long was the can yields be up there and the market [laughter] just continue to blast.

But that is going to be a fantastic sign and that trend continues. So keep an eye like today maybe don't care about like the VIX or whatever else you were using to look at futures, you know, you want to want to keep an eye on treasuries. If if you want to look at it via TLT or just maybe have the 30-year up there to see if it maintains that trend, that's going to be important. Uh but here we go. Headline starting September 9th, US Treasury will increase liquidity support buybacks of 10 20 10 to 20 in the 20 30-year bonds from 2 billion maximum to at least 4 billion per operation. >> Mhm. >> Don't fight yet. >> That'll do it.

That'll do it. Um >> that'll do it. >> Yeah. So obviously as >> that will play >> as these rates fall become just for those of you just a little bit of um you know interest rate 101, you know, as as the interest rates fall you could probably look to TLT as well. Uh I I'm I'm just guessing on this one as well. That's going the other way because this is the TLT. So this is as the rates uh come back in the price of the equity goes higher.

Um but as as this sort of happens and Neil just showed you the the 30 years. So as rates become a little bit more, you know, on the downside, it becomes less attractive for cash, right? And so people will like to put their money to work back in the market. So you know, if you can get four or 5% on your money, you're more likely to do that. uh if you only get three or 4% on your money, you're more likely to maybe sit in equities, right?

So, that's kind of what that um what that is showing you there. And that could be a reason as well as you mentioned there uh with Bitcoin, you know, possibly going a little bit higher there as well as risk assets um you know, get catch a catch a bid. So, there it goes. And then, yeah, even Nvidia, we were saying about how they didn't really have the greatest of days yesterday, but they also really didn't get hit too hard.

And there goes Nvidia back up to 221 right now. Not falling too much, man. uh their 227 all-time all-time highs, sorry, weekly highs is what we're looking to break through there. 237 all-time highs coming for Nvidia. So, we'll have to wait to see if uh this market continues its upside play. Madna kind of going to sleep a little bit right now. It's a good thing that we did get that uh small little tradeoff there um to make this more back into one for one.

Now, if it breaks 115, we're going to be out of Madna. But all right, it's been a lot of us and not enough of them. I don't think we've even been back uh to Darl Sharief. I don't know. It's been like almost got busy. It's almost been 50 minutes. I feel like uh right there. Let's go back and see what they're up to at the desk. >> We're gonna talk some Amazon and some drone expansion. But before we get into that, I want to go over the story again here for the bond.

So, yeah, this came out I think a little bit before or around when we got that drop in USO. So, very well could be why probably why the market's moving higher here as well. Basically, as of September 9th, they're going to be Treasury here is going to be increasing buybacks for the 10 to 20 year and the 20 to 30year treasuries. They're going to be rising from $2 billion to at least $4 billion per operation. So, that's the deal here.

If I get any more details, I'll keep you posted. But that's a good look and it's being viewed by some that I'm seeing in social media as potentially a way that these uh rate cuts can be factored in here by or for President Trump rather because we know that's what he wants. Let's take a look here before we I guess start the rundown in a couple minutes. AM ZN and this drone expansion plan. Right now, this is lifting higher here with the whole market, but they do have a story of their own. >> They do.

They want to expand about 500 cities, towns by the year end. That's a six time increase uh from what they're servicing right now. But guys, it's a bit of a different take than they've uh they they've approached this so far. So, currently they have, you know, these isolated launch sites for their drones. We're talking about Lockford, California. We're talking about College Station, Texas. Those are some of the trial sites.

So, this new 500 city town expansion is going to operate a little bit differently. It's going to actually operate directly within their existing kind of same day delivery fulfillment centers and delivery stations. So, they're not going to build these isolated drone stations. They're going to use the infrastructure they already have, assuming that saves costs. Also, the new type of drone, the MK30. What does that do? Well, it gives them better range.

It gives them all weather operation, light rain, higher temperatures, nighttime conditions. So, we're talking about drone delivery, you know, almost 24/7 here. Uh but it will have a 40% reduction as well in noise which has been some of the uh issues especially in smaller towns. Strict five pound limit though so not everything is going to be deliverable. We're talking about probably prescription meds, cosmetics, small electronics.

Think of like groceries, something along those lines. And then the unit cost economics here. It's not good. So, they're doing this more from um a convenience perspective because believe it or not, it costs them far more than actually sending a flex driver or a Rivian EV ground route. So, this is not profitable for them, but you got to assume it probably moves a needle with some of their customers. [snorts] >> Yeah, it's 859.

So, I guess right about now we'll get into starting with our watch list, which always starts with a look at the futures. We'll get into that in just a second. But yeah, a little bit of a pullback here in the SPY. Again guys, in case you missed it, Treasury doubling longdated bond buybacks from 2 to4 billion per operation starting on September the 9th. How are the futures looking this morning? >> Finding key support. We lost 770 briefly yesterday.

As you can see on the chart here, we are above it right now, but we did find support right at that level we spoke about. 767 a half um was kind of the midpoint between 765 and 770. And that's exactly where we found support for almost here. uh it looks to be like 8 four hour sorry five 4hour candles. So first level of resistance is going to be 772 and a halfway between 750 sorry 770 and 775. If we really do catch a bit for whatever reason we're looking at that former area of resistance um 775 as resistance level one. >> And right now we're looking at our free trader TV live watch list.

This watch list has a look at the tickers that are making moves, news that could be in focus, items on what's going to be happening throughout the day, and of course, economic data that's in focus. You can find all of that again for free. You can either type that URL that you see right there, or you can hit the link in the description. Either or it'll get you that free watch list. Now, at the top of the free watch list, at the top of I think a lot of traders minds here, MRNA, this is a really positive story here for Madna with Merc. this cancer drug here combined with Kruda found really positive results for specifically two end points were met. >> Yeah, historic trial here uh the first time ever um a cancer vaccine has had a phase three success.

Good look for them. Um we already talked about some of the details in uh in the morning. This was not the first time around. They had submitted it for the FDA for approval. They had done so back in 24 when it was still a phase 2 drug. They were rebuffed at the time. They held on to their uh convictions and here here we are. They're going to submit it again now. Uh but it is hyperpersonalized. Basically a 34 target payload.

So this is not coming off the production line on a standard unit is going to be customized to the type of cancer the individual has. That could hurt uh in terms of costs and delays. And then last but not least, toxicity was well uh well well tolerated especially as you compare it to some of the uh sister drugs here. Kitruda uh one as well. 44% toleration here with sorry 45 a.5% for this new drug relative to the 44% toleration for Kitruda. >> How do you guys feel about mRNA?

Are you guys looking to take a dose of this doc? I know you were already involved. >> I mean thankfully you don't need a dose for anything that they're dealing with right now. Uh but yeah, I mean it's a good good look and good pun there. But we're we're just I I wrote it down already on the note today, right? I mean, uh, just been pretty busy here, you know, going over stuff. We didn't have, uh, our guest there today, but I just said 115, you know, should hold.

So, we're going to wait to see if that is the case. That's where VWAP is. You know, pretty happy to see if that one, you know, winds up holding there. So, I'm going to try to stop out if we break below the 115 mark. And, um, I know that there was some, you know, gathering there around, you know, did get as low as 112 or 113 there. we actually had some of those fills. But uh yeah, just basically a break there of 115. I think I don't need to play VWOP as you know a specific level that this is going to just be somewhere where we've sort of bought it up here at 116 117.

So we'll try another little bid right here and then if we drop through 115 then we'll stop out of um Marll. I almost said it again out of Madna. So um just not trading it like very heavily here uh in the pre-market. You just got to make sure that you are okay uh with the amount of shares you know that you have and you know just trying to trying to massage it a little bit here. If it holds it holds but up 85%. I mean we sort of said it before it's very difficult to judge you know what exactly this is going to mean to the end of uh the day pricing of this stock.

I mean I feel like once options really get involved in this you know we could see this name really hit to the upside there as people will probably run in. I feel like anyways, just like those meme days and just start to buy up some of those calls and that would create a squeeze. So that's that's what I'm looking for here early. You know what we didn't actually >> I may report next week. >> That's what I was [laughter] going to say.

We didn't actually look down at um Well, they should have a good report, I would think. Uh I didn't look to see there what Madna's short for. >> Oh, it's tiny. It's only 5% now. It used to be >> I feel like it's probably more. Well, we have 15 right here on Ben. Yeah. So 15% short right now for Madna. Uh >> I have Madna up. It says 4 point. >> I don't know. This is Madna right here. Common stock 11750. >> Get it together, Ben. >> Just reload your page.

Or maybe I have to. But uh yeah, so 16% short float I think does obviously help this move higher. It makes sense why people would be short. I mean anybody I mean there it is right there. We just took another we just went long at 11720 there to average in. So so far so good on that one as it breaks back up through 118. But no, I was going to say like anybody that knew these trials were sort of ongoing or potential release of data there.

I guess if they missed or if it was not as wellreceived, I don't think we would have been down 87%. But definitely a name to watch out for here as we just put we just did what we wanted to do there. Um, you know, buy some 117s, hold it against 115, get a little piece out as it continues to climb higher. So I'm at 11875s. If that fills, then that's our basically our one to one. And then we'll see if we can get a smoke show once this market opens back up.

So I like Madna here. Why not? Well, it's for me it's riding VWAP pretty hard. If it loses a volume weight average price off the open range, I want to look for the short. not like I don't think this is nothing to do with uh VKTX but I like in the back of my mind I will never forget this one [snorts] and because I was I was like involved uh when this happened on Viking and it was probably the luckiest uh exit of my of my entire like trading investing career because it was a known trial result and it was t trending up into it.

It legitimately spiked from 40 to 65 in the pre. By the end of the day, it was at 25 bucks down. I don't think Madna is going to have anything like that. Madna's not going red. It's not going to completely give this up. This is way too big of a deal. But I just feel like the profit takers uh could end up coming into this. And if they do, it's going to be all about that. It's showing you that VWAP is the hold level. So, if it fails underneath VWOP and Swiss closing bars underneath, I think it's the place to play.

Right now that's 115, but that could easily trade. If anyone that's wondering about this EVAC stock, basically it ran on the news, just to go over it, it ran on the headline from Madna and then just immediately started giving it up. Didn't really get to look at it soon enough because by the time I realized, oh, this thing is dying, but I just want to be short this as it's got a bit of a flap on a break on the daily. So, I'm playing it off of this three level.

If it breaks 20s, I want to be out. But hey, Madna, this is probably a stock that is going to it'll do so much volume today that you want to be open-minded with it. So, VWOP's showing the level right now. My preference would be to be shorted this far up. Uh, so that means not touching it until the open. Um, a story that seemed like it was going to be one of the bigger ones today, but has gone to the wayside after this Marvel, by the way, Marvel made another high is going to be NBIS offering.

Wednesday or nebas here given the size of this move to the downside of the speed of it when it first came out again around 7:40 a.m. today. So NBIS here coming out and announcing a private offering of convertible senior notes in two series. It's going to be valued cumulatively at $4.5 billion >> with an upsize of 5.175 billion. Let's talk about this. So the initial ones here 2.75 due 2030 1.75 due 2034. However, there is a green shoe option here.

So initial purchasers they have a 13-day overallment option to buy another 375 million that's in 2030 and they can buy another 300 million in 2034 if exercised all of the options 5.175 billion would be the raise. However, it's a 10-year maturity. So what is that? So essentially what you're going to have here is a debt that lasts longer than the usability of the GPU. That is not smart. No redemption buffer prior to 2028 as well.

So, you can't call or redeem the notes early. 2030 notes locked into February 28. 23rd notes 2023, sorry, 2034 notes locked into August 28, unless the prices surge past a very strict 130 to 150% conversion thresholds. Last but not least, the settlement options. The notes are they offer flexible settlement mechanisms. You can get them in cash, get them in class A shares or hybrid. How are you two viewing the NEO clouds this morning?

You >> my somewhat concern with this NBIS bounce like a lot of times like your thought is okay you get an offering or whatever it might be in in this situation like this and you look for it to find a bit of a base because it's going to sell off. You find a base and then you work off of that. It's like you sort of repric what we think um the stock is worth and it can be small caps, big caps and then you get a bit of a bounce.

That said, well, you got to figure that most of the reason why NBIS just bounced was this move by the US Treasury to support the long end of the bonds and and it's just following the market to the upside. And if that's really the case that that that's all like the really extension that we got to bust this through the volume at average price. If that's true, I don't know how much I'd like the relief rally here. Like this this one sets if it's not above 245.

If you're not breaking out above 245, then I don't want to consider this relief um legitimate just yet on NBIS. And it almost still sets up as a bit of a short. Like today, like I had it pretty like my list is pretty simple. Oh yeah, I'm missing a little bit of data on SMCI. I got SMCI on the list because a couple of days ago it faded 40 and then it had rejected 39 and then yesterday it rejected 38 for a good short. So I'm I'm just looking at those even dollars.

It's at 37 already with this market move up and I wouldn't want to fight it there. But if we get to 38, I feel like SMCI I would look for the short side of the trade. I'm not there's probably if we get a sustained rally because because of this Treasury story, I feel NBIS could be risky because they're the one name that has negative news. >> Yeah, I don't disagree uh with that. I was just looking at the move back that NBIS had and how impressive uh that was.

We did I just just so we got I I pulled my 118. But we took a one basically 120. We took 118 11980s there. It does go as high as 121 122 there on the 117 reload. So that was five bucks there in the money again, but we didn't take it, which we should have. Right back up there to the 25 period moving average. So let's see. I'm going to rate at 122 again. See if we can get some for Madna. I actually like coreweave um just a little bit better only because it's going this way with the market now and you are trying to bounce off of again we're talking about the neocloud you are trying to bounce off of the 50 period moving average and you are right at the 200 period so you guys remember a couple days ago we were long and short on coreweave uh on its earnings and it was a nice move higher then it fell back in there was some deal news or something um and I wasn't obviously wasn't here yesterday but that was a nice fall from 105 down into 90 yesterday so What a huge move on Coreweave.

You can definitely get some bidding going on here. I'd like to see a break through 85 before we actually get like negative on the stock. So, I'm going to stay positive. So, if we do get a dip down in I mean it's $94 today. I don't think we're going to get too far back. But, you know, generally speaking, I looking for a trend spot. This is your five uh period moving fiveminute moving a five minute chart and this is a 200 period moving average.

If I can stumble that out. That's at 100. So, if the market does continue to run higher there, why not look for a little bit of a short in between like 100 to like 102. That gap fill goes all the way to 106. We talked about that. Just mentioning that from uh what we were talking about earlier on this week. Um and then there's the move back in. So, yeah, looking to see if we can, you know, make its way back up to a 100 bucks, run into this 200 period moving average, and then maybe look for a short there on core.

So, uh yeah, really like it. If you get anything back in around 90, we'll take that as well, but I'm not sure that's going to come in today uh for CRWV, but yeah, you know, the cloud names continue to be pretty hot names to trade. I mean, the moves that you can get on these names has been absolutely ridiculous. So, uh yeah, nice move there on Cororee and the negative story there for NBIS, but I still think NBIS goes higher on the the broader market today. >> Yeah, at least on the surface here, it looks like Target hit the bullseye with this Q2 report.

Aren't you an EPS beat, sales beat, and a guidance raise, but the stock pretty tepid performance here on this report? >> Well, there's a reason it's distorted. So, let's f first talk about the actual numbers. Q2 earnings beat 26.5 billion in revenue. Net sales. That's a good look there. 5% year-over-year, 5.3% year-over-year growth there. And their comparable sales up 3.8 uh% versus the 2.4. But let's dig down dig into this a little bit deeper.

Let's look at EPS. EPS on the top or at least superficially came in at 411, but it was heavily buffered by about a $165 worth of tariff related refunds. So if you strip that out, it grew nicely 20% to $246, but that's marketly lower than 411. So let's not get it twisted. Also traffic, not the price of the ticket, is uh what's driving up uh sales here. So that's what where the comps is. juxtapose that to yesterday when we spoke about Home Depot where we talked about the average price per item because of inflation going up.

So the comp sales were distorted in that way. No, in this case it's the opposite. It's more foot traffic coming in and the ticket price just grew by 2%. Not a big look there. Uh but non- merchandise monetization outpac core retail growth. What am I talking about? I'm talking about their ad business. Uh they call that the Roundo app network. I'm also talking about Target 360, which is a subscription, uh, as well as Target Plus, uh, thirdparty marketplace.

Kind of taking a page out of Amazon and Walmart's book there, where they're allowing thirdparty resellers to sell on their network. They're making money off that. Good look there. But digital comps is really what stood out to me here, guys. 25% year-over-year bump in digital comps. When we look at the foot store traffic here, it's it's almost quadruple that size. And a lot of it was driven by that Target 360. It's called drive up and pickup.

Essentially same day delivery that grew by 25% year-over-year. >> Yeah, the ads and delivery elements of this report really stand out. Sean, I know that you are a long-term holder of Target, I believe, and I know you've been really pro Target. How do you feel about this name today and you've been in a long-term even in a long-term perspective, how do you feel about Target? [screaming] >> I like it. Um, but I I actually this Madna is really going off right now up to 12350.

So, we're now 7 650 in the money on this one. But yeah, no, Darla, look, I mean, I I've liked it because I just was looking at it before and I was like, "This thing has a dividend." And, you know, and it was and I posted it up. I think it was in October. I show I keep showing the tweet about it and it was at record low valuations. Its PE was like I I mean, let me see what it is even today uh with this move higher. This PE was like in the low teens or something like that.

Uh yeah, see like right now it's only 20 and 18, you know? So, back when this stock was an $80 name and we liked it, um, yeah, I, you know, I have to admit it, we talked about it live on the show here. We didn't get out the first time. It broke through to 125, went up to 130 when it came back in right there and was hovering around this uh, 50 period moving average. I did get out of 75% of the trade because we were long down here at 80.

And I was just like, you know what? Want to get into some more cash and to buy who knows what. Whatever I bought at this time is probably down uh right now. Should just held on to some target. But yeah, we still got a piece of the pie here. I, you know, like the numbers. I mean, wow. We just got 125 right now on Madna. Just ripped right there. Seven bucks on that one. It's hard sometimes a little bit hard for me to focus when we're trading in the pre-market here.

But, uh, hey, it's, you know, kind of a newstrading show anyways. So, um, but there it goes. I, you know, again, like the stock. I don't really know if we're going to trade it here today again. um you know good numbers obviously as Dar just mentioned they a little bit of talk about tariffs there wondering how that's eventually going to hit the name and then we did have bad retail numbers last week um but you know we wait for again Home Depot Walmart is tomorrow uh there did Home Depot report yesterday I can't um >> yeah we had a very >> yeah going on there but I actually really like Home Depot as well um so that could be uh oh I guess lunch >> they had concerns oh >> feels like it might be lunch with this But breakfast has now arrived and the banana man uh has arrived as well.

Randy shops at Home Depot. I'm certain of that. Uh right there. But none of us shop. >> People weren't doing bigger products. That's the problem. >> Yeah. Yeah. Your kid works at Home Depot. Throw down the um you know get get some of the you know the deals over here then Randy those percent do employees get anything there? >> Of course they >> No, >> not really. I didn't I >> there's a story behind that. >> Okay. Okay.

Um but uh yeah so I I I like Target. I think it still continues to work way out for Walmart. And there's there's the trade right here. This is why you got to have these offers out. Like that's 12450. That's backtoback times. We had gotten 12450 before it dropping back down right now. So I only have 20% left of this trade. You know, 20 40 60 80. So, you know, out on the way back up. But wow, was that ever a dip by there at 117, man.

Like, okay. Uh right there for Madna. But um yeah, so far so good there. I really like the target, but uh more work needs to be done. This banana is looking really tasty right now. >> Yeah, because I haven't had any bricks. But um look, Target, my concern with Target is is more what's going on everywhere else. Like the big ramp up that we've had. You're seeing money flow into the metals right now. Gold is breaking out, silver is breaking out, the SPY is breaking out.

All the tech names are back. Marll's going on its own story. And to that extent, it kind of makes you wonder, well, if an earnings name has been rallying going into earnings and we're getting a rotation to put some risk back on, like a sort of a say for retail name, might not be able to catch the kind of bid that it normally would in this environment. So, I'd stay away from Target today. Uh there's there's bigger dynamics at work and as we were saying, someone was asking like look at gold.

Oh, this is why we like the miners. Didn't really get any individual names um from Raheem. We actually haven't had Raheem since we were asking about it. But GDX, the miners are breaking out. Look at that 200 period. We like the 200 period moving average. That's breaking out. Gold, silver off the back of this Treasury story are absolutely flying around. US dollars getting smacked. And hey, another positive story. So, it's really only NBIS that's the negative story here.

Uh because buybacks, we like them. SK >> Heinix, >> let's talk about this buyback here because this is pretty interesting. And I was seeing actually apparently a a record here for this company and perhaps even all of South Korea. SKHY $29 billion buyback and cancel here for Treasury shares. >> Yeah, absolutely. About 40 trillion yuan about $29 billion as a dar mentioned there of treasury shares. Uh rather than spreading that $29 billion over like several years, which a lot of companies do, actually the board here was pretty strict.

They mandated a 90day window to retire how many shares? 24 million shares. Essentially, the window is August 20th to the 19th of November. Well, they'll have to buy those back. So, that keeps a bit of a price floor on on the price there. You're also going to have um you know, another dilutive aspect. So, this is anti-dilutive, right? But what they've reached an agreement with uh the board and management with the union is they're actually going to pay some of their employees in shares.

Uh and they're going to do that going forward. So you're, you know, going to have a sort of a counteracting of this anti-dilutive share buyback. Last but not least, you're going to have a change in free cash flow, right? You got to find the money from somewhere here. So their free cash flow has marketkedly changed. They're guiding 2025 to 2027 capital return policy from within 50% of cumulative free cash flow to over 50% Adara.

So money's got to come from somewhere. >> And I want to mention as well too, money is not just going into skhy at least from like a US trading perspective here in premarket. You've got other memory names like SanDisk to the upside right now. Uh Micron poised to open higher. DRAM, I guess that's the sector. Look, this is near pre-market highs. So, there are other ways to trade this memory story beyond SKHY. >> Oh, 100%.

And usually it'll be DRAM. Look, DRAM tried to go off the open yesterday. It it was pretty successful at least for the first 50 penny move and then it was the simple reverse short um that ended up going even further than I would have I would have expected. And that high from yesterday is sitting at 57 and a half dollars. You can every you can look at the 15 and anybody pulling up this chart can see the gap above 57 and a half.

And we ran right there on this Treasury story and on the back I mean early on it was gapped up because of SKH Heinix. This move is not because of the SKH Heinix buyback. This is because of the Treasury story that we just got. So 57 half. If it doesn't break this level off of the open, I think we're in pullback mode. I don't believe chasing this move up uh makes a ton of sense. Keep an eye on the USD, keep an eye on the 30-year or you can look at TLT uh because if that gets a reverse, then we're going to retest some of this support level.

Obviously, 55 might not be a deal anymore because we have that gap up. So, I'd be looking at the 56 level and VWAP. No break of 57 and a half, then you got to wait uh potentially for some dips here on DM. That's where I'm going to be uh executing again. >> All right. So for me on SK I'll I'll sort of take the other side. I kind of think this one is worth trying to maybe chase this top a little bit here. Um such a such a wild name, right?

I mean this name can run, you know, 10 bucks in a blink of an eye really. So this is great news. I mean taking back some shares. I mean that's exactly kind of the thing that we like to hear. But for me it it still it needs to go a little bit more than where we are right now. I mean this um here that's I have a little bit of a longer time frame here. showing into yesterday's trade for SKH Highix. I was like this 166 is kind of interesting 167 there, but then I kind of like, you know, you're going to run into what was happening yesterday at 170.

So, I like the long. It's just I can't really find a spot that I really think is like a break. And so, I was looking at this 68 level maybe to break that long. Then, I think you get two bucks into 70 and then maybe there's a problem there. It's pretty violent off the open for sure. You're going to get it's going to be spready. So yeah, like you might punch the top and then get hit back down for three or four bucks. So it's just a risky trade.

There's not like one clear break zone for me here on SK Haidex. So I love the story. I think it's a huge long um and I just looking for where to go. I mean, why not just play that dip at 160? Well, the answer I'll answer my own question is because then you're underneath VWOP and then the pressure starts coming on that stock. But if you do rinse down, let's just wait to see what the imbalances are in 2 minutes. I think you could buy a 160 right into there, you know.

So 160 for SK Highix should be a Whoops. Should be a level that, you know, I I I look at. So, you know, we'll take a shot there. SK Highix 160. And I think we'll look back and probably wonder why we didn't punch that 168 long. But, you know, for now, the spread is actually pretty decent. Maybe we'll just keep this on our sideburner there and figure out what uh what the story is with SKH Heinix um there early on. But again, like the stock, I think it's a screaming long and just trying to find out a space uh to do that.

And um you know, we'll we'll be on it today for sure. SKHY. Let's talk about another name that I'm sure a lot of traders will be watching today and one of the top names mentioned in our chat so far by the ticker. It's Marvel Technology, MRVL. This name is trading sharply higher and actually still at pre-market highs. They announces your agreement with Google via a filing and they also announced they issued some warrants Google to purchase up to just under 59 million shares. >> Yeah.

So, a lot of details. Let's get right down to them and we have we have some time to come in. So, right away 1.36 million shares is going to be bought within one year. So, that leaves about 57.6 million shares warrants. Okay. Warrant shares that they're going to vest, if they vest at all, across 240 tanches uh with each tunch requiring $500 million in cumulative purchases by Google from Marll. To fully earn the shares, Google has to generate for Marll $120 billion in custom product revenue through 2023.

It's a big milestone. There's more. the strike strike price here very clever here by Marll. They actually have the strike price at higher than market value at the time of course of uh of the announcement. It could go higher. So $26.58 that would if fully vested require Google to give Marll 12.18 billion in cash in addition to actually getting the shares as well. Uh now what the deal here is it's targeting TPU. So we spoke about Marll earlier in the year kind of leaving custom AS6 for the more you know higher margin and more in demand optical networking.

That's going to change in this particular instance. It's going they're going to be doing AI inference. They're going to be doing storage controllers. They're going to do network interface and near memory compute. Um and then of course dilution. You issue this many shares. Uh there's a potential to dilute your shareholder pool. If fully exercised, the shareholder pool would be diluted by 6.7% and it would make Google one of the largest investors and holders of Marll shares out there.

And this looks awfully similar to the 2024 deal that they had with AWS. So they did a very sim similar thing. It was a late 24. They gave him a warrant arrangement specifically for AWS in that kind of stage staggered way that they're doing with Google here. So not new for Marvel. >> Yeah. And I think the TBU element though might have led to this drop for ABGO. This stock dropped sharply just as Marll popped on this Google deal.

So sort of a reverse sympathy play also in focus for ABGO if you prefer looking at the short side of this versus that epic long on Marll. Another name that I know Sean has been very bullish about. How do you and Neil feel about Marll this morning? >> I mean Okay, thanks for the throw over here again. But um yeah, no, I um yeah, I mean I've I've always felt pretty bullish about Marll, but the thing is is that it's giving me a heart attack because like it's just it's very very aggressive almost every day.

Like it was up or down 6% the last two days and now today I mean finally now as um chief just mentioned now Google one of the large investors holders now um you know in in the public companies of Marll. So I really think I like that. I mean I really like Google. I think they will let them invest and just hopefully you know we do get a climb upside now on Marll just on positive. I mean they must be doing something right to get this kind of a deal there with Google.

So you know for me as an investor. Yeah man. I mean it's it's really nice to see. I mean I'll be really happy checking the account today as Marll probably climbing upside once again um you know into one of the top holdings. So I just I think I'm going to trim a little bit of it. I've been nervous just like I've been saying like about Meta when Meta had that move higher and I was like oh man we should have got out of some meta there because just felt like the space was maybe a little oversaturated and the reason why I talk about this kind of stuff is and it's not an always a PE story but and I know Broadcom's getting kicked in the face right now but why not make the switch like Broadcom's forward PE is 20 okay Marll and it's not always has to be a PE story but their forward PE is 53 so they're more than double on the peak price to earnings as far as expensive uh stocks go.

So yeah, Marll um you know really nice day today. Obviously not something that was expected, but yeah, I would say I would say you always want to play back to VWOP. But look at that. It just went from 247 down to 240 there. So this is what I mean about giving you a heart attack, you know, like that. if if you're even holding a hundred shares in your own personal account right there, which is I guess a decent position.

You just lost $700 right there in two minutes. So, it's just like it's pretty violent. Um, so just be careful with Marll today. I'm not exactly sure what the long story will be here. Um, because it's already up 11%. So, I think you got to play the pullback. And I only look for 200 periods, which is just way too far right now. So 222 not going to play and I definitely don't want to sit at VWOP but I think VWOP is going to be important because right now it's aligning with this 238.

So yeah I like VWOP down here for Marll but definitely a risky business uh to to trade. >> I can see them selling under VWAP. There's if you zoom out to the 15 minute there's a 234 level that's about like that's about it for support up here. So if it dropping $6 probably isn't that crazy. There were some imbalances. We'll get super chat but there were some imbalances. was a small sell uh gone now on Madna it was 450 450,000 Merc is a growing buy a few40,000 I bit a sell of 400,000 that's right at 65k uh bitcoin SLC just hypothetically speaking if you had to yolo one high-risisk high reward stock which one would you pick keep up the great work you've become my number one favorite host to follow appreciate you I don't know pick something in the biotech space like I don't >> just like on anytime you have a story like this moving madna There's probably like everyone's like scouring for like what the next like bioarma like big runner could be.

So I mean there's like plenty of things that are shot plays like crisper would be is something like that. Viking Therapeutics is always those are the first two that come to mind that are even remotely related but uh we have not talked about a certain name which is crazy talk because we always do and uh with only 10 seconds to go uh SpaceX. Oh great chart. Okay there we go. Thank you SpaceX. SpaceX is right at that 146 high from yesterday.

That was the only place it was worth it to short. So if it does an immediate fail of that level, like pop and fail, I would be looking for the southside. U got got to VWAP and back DRAM. This is why we don't chase. Uh there's there is the sell immediately. The market's coming back in. Whoa, DM just uh just got smacked. I guess a bunch of things just got smacked. You're already back into the volume weighted average price here on DM.

Yeah, we just got a bid there at 161 117 and out at 120. So, another $3 there. But remember, if this breaks 115, we're out uh right now on Madna, but we take advantage of that early little run up there in M here. It's going to break in mRNA. Um so, here comes watch out for I mean 115. My hands are already off, so just making sure that that order is in there. So, here comes the break. We did take another shot there. Glad we got out of a decent spot there when it ripped up to 120.

I mean, that was an instant $3. So, um, watching out for Madna. You know, if it breaks 115, we're going to get out. That might be signaling a short. I just realized I didn't pay for shorts on this one. So, I don't know if that is They're free. Oh, they're free. Okay, good. So, I was going to say that could be the break the other way there on MRNA, but um, let's go. Yeah, there it goes. This is bouncing. Okay. Did it even break there?

I don't know. But, we got out. Well, I don't know. I got out. So, there it goes. Breaking back down below. So, we got out just just shy of 115 there. So, not bad on that one. But, yeah, Madna there. I guess that last little tunch uh basically flat. Take $3 winner, take $2 loser. So um that's what that's happening. And then we also said that Marll would be a little bit of a risky trade to start with and there it goes.

That's falling back in as well. So just waiting for Intel and watching some more Madna at this point. >> Yeah, same thing. Well, I mean sort of the same thing. I didn't really see it break down, but it didn't hold under VWOP anyways. It bounced off VWOP on Madna. Uh you didn't quite get down to that support on DRAM. This might end up just being a break uh through that top because we didn't get the dip into the pre-market lows.

So, just going to get my stop order uh locked and loaded just in case DM wants to go for a bit of a blue Madna >> uh to the upside. >> Yeah, I didn't I didn't see it actually break down underneath, but that could have just been my quote. It hasn't Yeah, it looks like it wicked, but we haven't really lost the volume weighted average price on it just yet. Uh going back over to SpaceX while we got distracted by that potential break.

SpaceX decided to drop $3. So, uh, yeah. Well, I guess it did fail. >> 14 SpaceX. Okay. I like SpaceX. Um, yeah, we got back. Oh, yeah. Right into Yeah. So, we just reloaded, by the way, >> on Madna. So, there it goes, man. And yeah, we, you know, we basically picked the bottom there and, uh, yeah, welcome to my life. Uh, what else are we supposed to do? But we get back in right now. We can turn Madna into Greensville, of course.

But, um, yeah, it did it, you know, we played it. It I thought it did break. I'm going to put my order in now. I mean, I saw it break right on my screen. So, 114 40. There it is. We get a 120, Phil. Let's go. We'll go 114 now. 115 Azie out as we're now back in the money here on MRNA as we bought the 117s back one more time. So, I'm just trying to make it one for one. It could wind up being a losing trade if it does break back down below.

But now we're playing with firm or with house money. I was going to say firm capital. Uh, right there. 121. I'm going to put a 12150 order out. As I said, you never know when Okay. Never know when you're going to get filled right there. And there it goes. Nice little move there. Now $5 back in the money as Madna. Look, that's twice now we've gotten sort of stopped out at those lows. But never fear, the traders are here as we get right back in that and now rip that upside.

So good little trade there on Madna. Um let's just go see if anything else is battling backside. But uh yeah, good little dip by there. And look, if you're wondering about that level, I only have a few names here on the sticky note today. And one of them is Madna right there at 115. That just gave you $7 uh to the long side right there. So, so far so good on Madna. Let's just see if it can wind up holding some of those bids. >> Yeah.

Well, the bids good one Madna because you're not holding bids on DRAM. As soon as I put the breakout order in, uh we're headed lower here. So, you're still heading to the downside. The NASDAQ ES both coming back off. Remember, this was all about treasuries. the entire move was about treasuries to the upside and you're sort of seeing them hold on. So, it still feels like to me like TLT is a 20-year um the story, if you're just tuning in now, US Treasury supporting the long end, the 20s and the 30s because obviously they were at some all-time highs or some 20-year highs and that's putting some pressure on yields, which is good for the bonds themselves.

But if we don't lose this bid, I still think the long should be on. Once you lose it, I'm punching short SMCI because that's the name that I like to the southside underneath the 38 level. And yeah, I mean, Madna doesn't want to break the 115. I'm I only want to be short Madna. So, I probably will not touch it until it's underneath and losing that 115 level. So, it's just going to be DAM. And I'm still in that E EV. This was the sympathy play to Madna.

My opinion, stocks should only run when they have news. So, it died. I'm just short looking for the LOD here. It's down. trying to get filled in the 80 and then 70s is the actual low. That's a bit of a dumpster fire on the daily chart. >> I guess we're not going long DRAM that just broke VWOP and is dying here. >> Yeah, everything is getting hit right now. Feel like um Oops. What was that? SpaceX. Oh, I got long Intel.

Okay, so I'm long uh SpaceX right here at 14050. Oh, sorry, 14150. Uh we'll try it. I'm going to see if we can get something out. A little upside right now. It's 30 cents. There it is. So, we take 50 cents right there on SpaceX. you know, the one that I love to trade. Um, and then we do have another fill here that's I'm not loving right now, and that is this trade on Intel as it just falls back in into 95. I mean, this was a level that I thought we liked uh down here.

So, we'll again, it's 935. We always say we don't want to get railroaded. So, we take a little piece there at the 200 period moving average at 9620s. Then, we just got a little bit more down there at 95. I was actually waiting for 9550. Bounces clean off of me. So, I take some 60s there. We'll wait for 9550. Actually, you know what? Now we can cancel that. Let's go a little bit lower. Let's go to 95 like 25s here. Um and then just Oh, well.

Okay. Um and look out for this low break. If this breaks 9450, let's get out and um we'll just sort of bleed the rest of the way down here on Intel. We're going to try the long right now. It's really come back in. We said this 95 level was a lip ban by zone. So, we'll see if he wants to uh represent that one. But here it goes, man. Yeah, spin the money around for SpaceX. Spin the money around and around for Madna as well.

Um, nice little level there for SpaceX. 14250. You know, we're back into that name there. I'm sure there was a lot of trading of this yesterday as well. But for right now, SpaceX up to 142. Just a couple outs there. That looks like we will take the L. Well, who knows on Intel as that's a getting weaker, right? I mean, the market's falling back in. I can only imagine that our boy Marll is probably falling uh Yeah. Well, 237 a little bit better, but yeah, right now everything a little weaker, especially this Intel.

Wow. What was the story yesterday with Intel? Because remember it was got really hit there. Uh, it looks like we'll mess this one up. >> I I feel like it was just technical to be honest with with Intel, but go ahead. >> Story yesterday, the day before Lit Bhutan bought a whole bunch of >> shares. Yeah. So, that's what So, that's basically what I was trying to Okay, there it goes. That's basically what I was trying to play off of there.

But Intel just we had one unit. So, you know, losing at the end of the day their 9450s, it does kind of suck, but we'll get back into this name if it does battle itself back off of those levels, but uh there it goes right now. Uh Intel, we can check out SKHY. Um we were saying like we didn't really have a level here for this. So, as the rest of the market falls, so does SKHEX um right now. But, uh yeah, Intel out there at 9450.

Give me a reason to get back in and I will. But for right now, it's a wait and see on Intel. >> It's pure bleed everywhere. But I'm trying to find where there might be a kernel of relative strength. For a second there, that was actually true in Bitcoin. It's no longer true. That's even under VWAP. I'm trying not to I'm trying not to rush. Uh DRM is still falling. Remember I said we're probably not going to get back to those closing prices.

Yeah. 55. >> We're like a dollar away on DM. That's just dropped a couple of bucks in here. And all of the memory names are getting absolutely smoked. So if you're looking to buy the dips, you're still waiting uh patiently. Otherwise, you're probably getting absolutely smoked buying any of these dips, but I looks a little bit better. So, I'll probably end up there first because this can hold on to 367, which is support or regain VWOP and then I can finally punch long into something.

All right. Um, here it is, man. $8 now in the money. So, Solar Tech, man. Uh, I guess this is what you're referring to because it wouldn't be the Intel trade, but you're welcome uh today for all the help uh if you're trading with me anyways. I guess that's what you meant. Uh but there goes 126 now for um Madna. We're long since this could be well it's eight bucks now. A nice little move higher there. Um yeah, let's let's just put an offer now. 120.

Let's go to 126 flat. All right. If it takes it good and then you know that that's been the high we let's go. All right. So there goes Madna right now. Wake up everybody. Uh Madna now kicking upside into that level. So we just got a little piece out there at 126. will hold just a bit and as that happens we go flushy as um we take a little bit out there and then basically out there well actually we got one what price did we even get there uh on the way back okay we got a good price $140 there so no real slippage on that stop out so we take 50 cents on a little bit lose so we will be red on this stock but it's again a cup of coffee and you know we'll take the $9 and so here on Madna uh Intel was the one that just you know fell against us there so we'll go basically um well SpaceX and MADNA are we we'll be read on the day so far because of this Intel trade, but we'll we'll we'll wait to see if we can get some money back on NTC.

It looks like the market is falling quite nicely and I do want to look at the futures at some point here. Uh trying to get into VWAP again. Just took well maybe not just took down that 200 period moving average right now on the TQQs on the one minute chart. So definitely a spot to maybe think about here, but uh yeah, the bleed is is good on the NASDAQ. So >> so far >> I mean bouncing. >> TLT is bouncing off of VWAP, which I thought maybe that was going to give us some kind of a reprieve, but it's it's not happening.

So, again, I want to be trying to find a place to buy the dip, but it doesn't seem like it this is the time just yet. That was the first shot would have been if TLT bounces off VWOP and then you get something that's relatively strong, but IBIT is still not reclaimed the volume weight average price. The memory names are still getting smoked like DRAM hasn't had a green candle. SK High Heinix which led the way that's still falling precipitously.

So like really you can't really be fighting anything trying to grab the long here. You're just going to be getting smoked. My guess is you'll probably have Apple having a good morning. Uh if we're if we're going to load up here. Yeah, Apple chart so good it actually wants to delay having a look at it. So when when the market is weak and chip names come back in, Apple is still going to be strong. But uh now you have a bottoming tail in DRAM.

This might be the first chance. First time I actually saw buyers come into DRAM just now. So, they're looking pretty good here. It just spiked through. It goes all the way to the pre-market low and uh well, not pre-market low, I should say, pre-market support. Uh pre-market support levels cuz >> premarket's at like 4:30 and we start our charts at like six. So, uh I'm going to give it to the low. If we make a fresh low, then we just get out of this thing and accept that maybe we're too early on any dip buys.

How many times have we seen it where the market dips off the open and the long sometimes is like after 10 o'clock? So, even now feels like 10 minutes in could be early. >> Yeah, I don't I I mean, I'm not even sure what to say right now about MADNA. >> Um, we wrote down 115 there today and I mean this this level has just been just all about it. So, that 115 is now held a couple times. So, yeah, man. I definitely am liking life here um on Madna now. 10 bucks in on MRNA.

So, uh, sorry, $11 in now on MADNA as it's going upside right now. We did take a little bit of a shot in the TQQ. So, we have