Video summary
The speaker opens the trading session by expressing a strong preference for both Intel and Apple stocks, though he decides to prioritize watching Apple first while noting that Intel has recently declined due to news regarding potential government sales of its position. He emphasizes an aggressive trading strategy centered on speed and precision, specifically targeting price levels around 305 for quick entries and exits before the market moves too far in one direction. The trader admits to missing his exit point last week with Intel but vows not to repeat that mistake this time, highlighting a disciplined approach where he is already positioned in trades for both Apple and Intel as the new trading week begins.
A significant portion of the discussion focuses on the current state of market volume and sentiment, which the speaker describes as "dead" due to low participation from investors who seem indifferent to price movements despite recent rallies. He warns that this lack of genuine interest suggests the upward trend may not be sustainable, especially with a major inflation data release scheduled for tomorrow that could drastically alter Federal Reserve expectations regarding interest rates. The trader argues against believing in continued higher prices without volume support and prepares himself for potential volatility if economic indicators cause the market to collapse or reverse direction unexpectedly.
Throughout the session, the speaker maintains an energetic and urgent tone, repeatedly urging rapid execution of trades while monitoring specific price targets like 305 and lower levels such as 302 and 300. He acknowledges that despite his confidence in holding these positions longer than most others, he remains cautious about the market's ability to sustain its rally without significant volume or fundamental support from monetary policy changes. The transcript concludes with him checking on other traders' statuses, asking who has exited their positions while still remaining invested, and preparing for a fast-paced week where timing is critical to avoid missing key opportunities or exits in this volatile environment.
Read the full video transcript
And I'm really torn here between INTC
and Apple.
I think we should watch Apple first.
Let's have a very very very good week.
Actually, INTC is down for another
reason. We'll talk about it later.
But I like them both.
There we go.
Okay, we're going to do
just got to wait.
We're going to do 80 by 80. 80 by 80.
It's aggressive, but I LIKE IT.
THERE. GET IT. Get it right now. Get the
stop IN RIGHT NOW. YOU CAN DO IT.
Targets 305, 302, 300 today. Let's go.
We're waiting for an forever forever for
this to fall.
And this is going to This is down
because the White House said they may
sell their government position in it.
That's that is what I saw. What is the
reason it was down? I didn't even see
your reason, Gerard.
again. Market all over the place. All
over the place. Can't decide. Don't even
care. Here we go. Under 305. Quick
trade. Quick trade. We got to be fast,
fast, fast, fast, fast, fast, fast this
week. Fast, fast, fast. Let's not even
look away. 305. 305.
Here we go. 30514. One more push. One
more push. One more push. We're going to
be quick. Wasn't quick enough last week
and I am going to be quick this week.
305 and a push and a flush and we're out
HERE [screaming]
and it probably keeps going but last
week I missed my exit in that INTC last
week and I am not going to do that this
week at all. Boom. Boom. Again, easier
to hold options. This is going to go
again. We're already in these trades.
I'm already going into the week in an
Apple going into the week in INTC. I'm
probably the only person that held those
trades. I'm probably the only person.
9667.
Let's look at everything here quickly,
quickly, quickly, quickerly.
This market is so dead. No volume.
Nobody cares. So, it's not going to
continue going over and go over the
high. This is so dead. I I know it's
rally. I know it rallied on Friday. I
saw it. I saw it with my own eyes, but
we have a big number tomorrow, huge
inflation number tomorrow, which could
collapse all of the misnomers that the
Fed isn't going to touch interest rates
or raise rates at all the rest of the
year. So again, I'm just not a believer
in this continuing higher.
All right, that is that.
Who's doing what? Who did it with me?
Who got out?
Who is still in it? Where did we touch
down here?