Video summary
The speaker opens by addressing a seemingly contradictory market environment where major US indices are down slightly on Friday despite recently hitting new all-time highs. While most benchmarks have slipped, with only the Russell 2000 managing to gain ground, the overall technical picture remains bullish because these markets are still trading above key moving averages and maintaining their upward trends. The presenter argues that minor intraday dips should not be overreacted to, especially after a week of significant gains, noting that even if major indices like the S&P 500 were to drop further toward specific support levels, the broader bullish structure would likely remain intact as long as they stay above their established channels.
Despite the general market weakness, several individual stocks are showing remarkable strength and defying gravity by continuing to rise or hold firm against selling pressure. Nebius is highlighted for its impressive rally from around 250 to nearly 270 dollars, demonstrating that bulls remain in control even when overbought conditions suggest a pullback might be imminent. Similarly, Corning has surged significantly on the day, prompting the speaker to sell covered calls at extremely high premiums due to elevated implied volatility; this strategy allows him to collect substantial income while waiting for potential price targets before September without needing to give up his shares immediately if they do not reach those levels by then.
The video also covers other notable movers and strategic adjustments regarding positions like Redwire, CrowdStrike, Groupon, and Dave. The speaker explains that he locked in profits on certain trades but remains interested in re-entering specific names once a pullback occurs or technical breakouts are confirmed, such as waiting for earnings reports from Nvidia to influence the timing of moves on stocks like CrowdStrike. For companies like Groupon and Dave, which have experienced significant corrections after hitting highs earlier in the year, he views them as potential continuation plays that are currently gathering strength at lower price levels before attempting a full rebound toward previous resistance zones.
Ultimately, the core message revolves around patience, compounding wealth, and maintaining an invested position rather than withdrawing capital prematurely unless necessary for living expenses or emergencies. The presenter emphasizes his personal financial discipline in using social media income to cover daily costs while keeping investment funds fully deployed to grow over time through strategies like buying long-term assets and selling options premiums. He concludes by encouraging viewers to avoid drawing down their portfolios during their working years, suggesting that the best approach is to let investments compound steadily regardless of short-term market fluctuations or individual stock volatility.
Read the full video transcript
Happy Friday, guys. Let me tell you,
it's been uh it's been quite the crazy
week so far. Cheers. I appreciate you
all for tuning in as, believe it or not,
stocks are actually slipping right now.
Pretty much every index here in the US
is down except for what? The Russell,
which is up what? A quarter percent. Not
much. So, we have to break down the
charts, what I'm doing, individual
stocks I'm watching, and overall where
my head's at in this crazy market. So,
guys, hit the like button. Make sure to
subscribe. That helps me out overall in
the algorithms here, right? And join my
Patreon if you want to keep up with my
portfolio updates, my trades,
investments, and if you want to be a
part of my private Discord. All that's
linked down below, pinned in the
comments, or go to
stossairfast.com/patreon. It's
in the bio. You guys know where to find
it. And now, let's dive into it. So,
it's about 11:00, 11:30 a.m. here on the
East Coast. So, we still have a lot of
time left in the day, but we are down on
all these indices except for the
Russell, which is up a quarter percent.
Not bad. We hit all-time highs, I
believe, yesterday on the Russell. And
today, yeah. And today, guys, we hit
3,066
on the Russell. Another all-time high as
the S&P, looking at Spy, is down about a
quarter percent. And this hit all-time
highs, I believe, yesterday. So, I mean,
does it even matter that we're down
today? All these indices except for one
have been hitting all-time highs. So,
who gives a crap if we're down a little
bit, especially on a Friday, especially
after all the green that we've seen? So,
yeah, Spy's down a quarter, but we're
still above these moving averages. We
have a golden cross. We're breaking out
of this channel that we were in for a
couple months. This is all bullish,
right? Even if Spy pulled down to 760,
765, another 10, 15 dollar drop from
here, the bulls would still be in
charge. Um you guys can see on the Dow,
it's down about a quarter as well.
Quarter percent down, down about 100
points, but this is also well within an
uptrend. We just hit all-time highs a
couple of days ago on the Dow, just
about just under about 55,000 points. We
can see let's see guys, the the Qs are
down half a percent, so they're leading
the losses today. They didn't hit
all-time highs yet, but we're still
breaking out. This thing is still
breaking out of this channel. We have a
golden cross, we're above these moving
averages. What more could you ask for,
right? This looks very good, even though
we're down on the day. And believe it or
not, not hard to believe, right? A lot
of individual stocks are moving even
though we're down across the board
except for the Russell. So, let me show
you some of these stocks that are
moving, and guys
some of these stocks are defying the
laws of gravity. Nebius is up another
5%.
We're trading at 270 right now, which I
think we hit 270 yesterday, did we?
Uh let me pull the 5-day. Yeah, we hit
275 yesterday, and it pulled back
intraday yesterday, and it and it closed
at what, 250, 255? And we consolidated
all after market yesterday, all
pre-market today, and now clearly we we
can see out of the gate we popped. We
hit 257 at open, and we ran all the way
to 270, saw a little pullback, retested
260, we popped off that. So, Nebius,
even though it's up a lot,
a lot of people think it's overbought.
I'm pretty sure Burry doubled down on
his short in this stock as well.
Um you know, the bulls are still
fighting even though we're seeing it's
overbought, people are shorting it, the
bulls are still fighting and the fact
that we held 250
yesterday in the premarket at close and
the aftermarket this morning we held it
at open and we popped. That goes to show
the bulls are still in charge
if we if we take out the highs from
yesterday. I don't know if we do that
today,
but that would really show the bulls are
really still in charge and at that point
I mean that B S could be going back to
$300 a share which I guess it
technically never hit 300 at least what
I'm based on what I'm seeing on
Thinkorswim here. We hit 299 86 and we
got close,
but I think if we take out the highs
from yesterday Navitas it could get to
300.
Maybe higher, but at that point it would
be overbought. I mean it's already up
100% off the lows. How much more could
it go up here without seeing a pullback
or before us seeing a pullback in the
stock.
GLW's up on the day about 4 and 1/2%
Corning which I added more yesterday.
I'm sure you guys saw that if you're in
my page cream and I sold covered calls
on Corning as the premiums are through
the roof implied volatility on this
stock is high and I literally collected
$500 in premium per contract sold on the
stock. You know, I sold the I think 195
calls that expire. Let me see if I can
find it here guys. I sold in my one
account in the page cream account. I
sold
let me see the $195 calls and I
collected just under $500 in premium per
contract
it is insane. It's insane how high the
premiums are how high implied volatility
is and I'm taking advantage of that and
I think ultimately look Corning does it
get to $195
before September? I think I sold the
September 18th.
Yeah, does it get there before that
date? I don't think it does. Maybe it
does, I don't know. Even if it does, I'm
fine giving up the stock there, hence
why I picked that stock price or that
strike.
You have to pick strikes you're
comfortable where you know, where you're
comfortable giving up your stock at. So,
I am comfortable giving up stock there,
but I just don't think it gets there by
September 18th. Maybe it does. That
implies though a 20%
move from here. Maybe it does. Maybe it
gets there,
but I don't think it will and I'll just
continue collecting premium while
holding this stock for the midterm. You
know, this is not a super long holding
for me, but I am planning on holding it
for a little bit and I'll I'll collect
premium couple, you know, couple hundred
bucks a month or couple thousand
depending on how much across my accounts
I do,
you know, sell covered calls on
depending on, you know, how I'm feeling.
I'll continue doing that in the meantime
while holding on to Corning. The
premiums are through the freaking roof.
So, unbelievable unbelievable you know,
day for Corning so far. Maybe not
unbelievable. I don't want to blow it
out of proportion. We're not actually
fully breaking out yet, but I think this
inverse head and shoulders does play out
in due time and we could start taking
out 170 175 which that is the real
breakout spot on
Corning. Let me see, what else is moving
here guys on the watch list. Redwire
which I sold my calls on. Well, I locked
in profits which I bought those $10 in
the money calls a couple weeks ago,
right? You guys remember that that
expired in January and I decided to lock
in profits a couple days ago, but I'm
still watching it. Look, I'm still
watching it and if it does end up
breaking out of $15, I might re-enter
Redwire calls
or Redwire stock for that matter. We'll
see, but as of now, I felt comfortable.
Let me lock in these profits, right? I
took the cash, I bought more Corning,
I'm selling covered calls. This is the
game of investing, guys. You know, you
The idea is you want to keep the money
in your portfolio for as long as
possible and continue, you know,
compounding that money. That's the idea.
Personally, I don't take my money out of
the portfolio right now,
you know, for my investing, for my
trading because I'm lucky enough to have
all this, um,
you know, all this, uh, social media
stuff going on and I'm I'm lucky enough
to be able to pay my bills and, you
know, feed my family off of social media
to the point where, um, you know, yeah,
I mean, I could draw down my account. I
mean, sure, I could take profits. I
mean, I'm making money in the market,
but I'm at a point where I've built up
my following. I have like a half a
million followers across all these
platforms and I don't spend a ton of
money. I mean, I'm I'm a decently, you
know, frugal guy, not too crazy. I mean,
look, I live life, but I can pay my
bills on, uh, you know, on the social
media income and I keep all my investing
money continuing to compound. And that's
the idea, right? Keep your money
invested, have an emergency fund, have
cash on the sidelines so you don't have
to pull out of your investments,
um, you know,
I love doing this, man. I trade, I take
that money, I buy longer-term
investments, I sell covered calls, I do
this, I do that strategy,
um, it just continues to compound,
compound, compound. And that's the idea,
man. That is the idea, whether you have
your own business, a job, right?
Whatever may be 9-5, you're a, you know,
1099, whatever you are,
make sure you continue to compound your
money and do whatever you can not to
draw down on that money,
you know, in your in your working years,
right? In your years where you're
growing that money, growing the
portfolio. It's important to continue to
keep that money invested, right? So,
that's a quick rundown on those couple
of stocks, the overall market, and it
looks like some names a good amount are
taking a beating today. SpaceX is down
about 3, 4% on the day. Stocks like
CrowdStrike are seeing a pullback, which
honestly, it's still I think CrowdStrike
in the low 200s is a buy in my opinion,
but but then again, we have earnings
coming up on
the 26th, the same day as Nvidia, so
maybe maybe it's wise to wait until
earnings
before, you know, making a move on
CrowdStrike trading at all-time highs.
That's what I'm going to do. I used to
own the stock. I should have just held
it,
but I locked in gains and man, this
thing's been on fire ever since the 4:1
stock split and well before that. This
thing hit 80, 90 bucks back in the
beginning of the year. Now, we're well
over 200, so I think it's overbought,
but I think we do get a pullback maybe
even into earnings and that could be the
opportunity that we're waiting for.
Stocks like Groupon, I'm still watching
very closely. We can see Groupon hit 30
bucks a share about a week ago, now it's
trading in the low 20s. It's, you know,
gathering its footing, if you will, in
the low 20s, maintaining this uptrending
channel. The charts look good. The
earnings that came out were solid and I
think it's going to rebound, but we're
not there yet. We have to wait for the
confirmation. It's coming in due time.
Another one I'm watching is Dave, ticker
DAVE, pretty easy one
to, you know, to remember here. This
stock hit $4.50
back in July, middle end of July, and
the company reported earnings, and the
stock actually started selling off
before earnings, and then after
earnings, man, it tumbled. It went all
the way down to 300. That was a drop of
35%
from the high. But then again, the stock
went up so much heading into earnings.
The stock hit $150 back in February, so
it ran up a lot.
Got a bit overbought. Earnings came out,
they were solid. Stock pulled back. Now
we're seeing buyers come in. Are you Are
you noticing a higher low being put in
here? Buyers are coming in on Dave. I
think this continues. This is a nice
continuation play, very similar to
Groupon and a couple other stocks here
that I'm watching, but really those two
main ones are continuation plays, and
I'm keeping a close eye on them. So,
happy Friday, guys. Not a crazy day on
the market in either direction. It's
just kind of a, you know, regular old
Friday, which I can't complain about.
I'm cool with that, considering we've
been hitting all-time highs, stocks are
going nuts.
Um yeah, nothing like a chill Friday.
So, what do you guys think? Let me know
in the comments, hit the like button,
make sure to subscribe, and join my
Patreon if you want to keep up with my
portfolio updates, my trades,
investments. If you want to be a part of
my private Discord, all that's linked
down below, pinned in the comments, in
the description box, or go to
stossurfest.com/patreon.
And with that being said, cheers. I'll
see you all in the next video or in the
Patreon. I'll see you there.