Whether you’re a casual investor, an options fanatic, or just love keeping up with the hottest names like Tesla, Micron, Ark, Robinhood, or BigBear AI, this blog post is for you. If you want sharp market takes, actionable insights, and a sense of camaraderie, let’s get right into it!

Cannabis and Psychedelics: Where’s the High?

• MSOs and Marijuana ETFs: No real fans here. The sector keeps heading down and the humor is tough-love.
• Rolling up stock certificates: “Instead of holding some of those shares I should just rolled up those stock certificates and smoked those because my portfolio is getting hammered.”
• Mushrooms (MindMed, MNMD): Slightly better, holding steady; call it neutral instead of tanking.

Key Takeaways

• Cannabis stocks: Still in the doghouse.
• MindMed: Not falling, but not popping off either.
• Tilray: Tried to diversify into alcohol, but still bleeding. Not a lifesaver.

NASDAQ Sets the Pace: New All-Time Highs

The bottom line? The NASDAQ’s powered right toward all-time highs like it was being pulled by a magnet.

• Triple Top at All-Time Highs: That’s rare and usually means exhaustion’s lurking, but few names (like Google and Apple) haven’t even caught up yet.
• Stats Check: The index blasted from 52-week lows (early April) to 52-week highs (end of June) in record speed. The technicals barely have time to catch breath.

“I feel like we’ve just had… the fastest 52 week low to 52 week high in a major index such as the NASDAQ or the triple Qs that I’ve ever seen.”

How Do You Play It?

• Anticipated Scenarios:
  • Push higher through resistance, then see if the market accepts the new level.
  • Perfect scenario? Run up, then let the 50-day moving average catch up, forming a higher low — maybe a big inverted head and shoulders pattern.
• Don’t Get Ahead of Yourself: Still early. “It’s not like we get a prize for it but it’s nice to see.”

V-Shaped Moves & What’s Next for the Market?

• Smiley Face, Joker Grin, or Something Else?
  • The usual recovery is a soft “whoosh” (think smiley face).
  • This time? A “joker evil face smile” — the bottom is so sharp, the rise so fast, it’s almost unsettling.

“That’s quite amazing right there… That’s almost like a joker evil face smile right there for the triple Qs!”

Tesla: Rally Mode or Out-of-Gas?

• 9% Up Day, 3% Down Day: Extreme volatility.
• Support Levels Matter: 300 looks solid, everyone’s watching 312–313. 330 is the big number (earlier resistance/support).
• What’s Next? If it dips toward the five-day moving average after hours and 325–330 holds as new support, it may set up for another rally.

“I think if you’re looking constructively, 300 looks like a decent area where we could find some more support.”

Brian’s Tesla Take

• “That 330 was your target. If we settle back down into that zone, and maybe… prior resistance in here turns back to support.”

Lesson: It’s not about being a die-hard fan, but having a plan around the key price levels.

Micron & Earnings Euphoria: Buy or Wait?

• Micron’s Run: Virtually all green candles, well above its 50- and 200-day moving averages.
• Earnings Ahead: Caution flag! How much higher can it go?
• Strategy Talk: Is it too late to jump in a day before earnings, or worth taking a small piece just in case?

“When you’ve had this kind of a run, you almost need to report the perfect quarter.”

Key Points

• Buy the Rumor, Sell the News: Classic risk where stocks overrun and then fall back on good (but not perfect) news.
• Ideal Pullback: Anchored at 115, prior resistance now support, would be a healthy place to stabilize.
• Taking profits is never a bad idea, especially after a double-up. “If it doubles and you take off half, you’re playing with house money.”

ARK Fund: Breakout or Bubble?

• Historical Skepticism: One host just can’t get behind her management style.
• Chart Check: Despite the feelings, the chart looks like a breakout (“Look at this weekly chart — maybe time to get long?”)
• What Does It Mean? Up 75% off April lows, 25% year to date; undeniably strong numbers, but don’t get FOMO.

“If you want exposure into this group with one of the worst money managers there is, then go ahead and do this.”

The Real Talk

• Know your risks. These are speculative, high-flyer stocks; they run hard, but “don’t forget about risk management because the manager of this fund has no concept of what risk management means.”

Fintech & Financials: Circle, SOFI, and More

• Circle: Huge run, “due for a pullback down to the anchor from the IPO.”
• SOFI & Robinhood: Both had good moves; SOFI was looking good for a while, and Robinhood is “going crazy” recently.

“If Circle pulls back to around 175, I bet you there’s a pretty good bounce candidate for highly skilled traders down in that zone.”

No Hot Sector?

• “There’s nothing that stands out” in financials sector-wise — but a handful of names for traders looking for volatility.

Bitcoin: Starter Positions and VWAP Anchors

• Chart Magic: “Bitcoin pulled back down to the anchor off of the April 7th low… nailed that VWAP, you know, the two days before.”
• Starter Position: That support held. Hopes for a mild pullback before new highs.
• Area to Watch: Either consolidate here or dip, build energy, then break out.

“I think it’s really setting up bullishly. This is looking a lot like a shakeout that it’s recovered from. We’re not going to get the chance to buy it down at 94, so keep a close eye on it for it to be able to break from here and go on to new all-time highs.”

• Bullish setup, could be “a generational product on our hands.”

BigBear AI: Short Squeeze and Wild Momentum

• BigBear AI (BBAI): A speculative momentum name that just exploded 24% in a single session.
• Insane Short Interest: Around 30%.
• Breakout Zone: Current move fueled by news deals and a short squeeze buzz.

“The stock has a history of making these massive runs… ran from $3 bucks a share to $11.”

Playbook for Traders

• Wild swings possible.
• Retail and institutions both in the game — 300 million shares traded in a day.
• Target zones? Could run to $8–$9 before pulling back hard.
• “It’s on fire right here.” Not for long-term safety, but swing traders see momentum.

Name to Watch: Viva Systems (VEEV)

• Viva Systems (VEEV):
  • Recent earnings gap-up, now consolidating.
  • Battling anchored resistance, sitting nicely along the 20-day moving average.
• Technical Setup: Looks like a textbook “pennant” on the weekly.
• Target: Breakout past $285, then aims for $325–$330.

“Big volume break higher, lighter volume in the consolidation, past this big range and probably heads up.”

• Earnings aren’t until August 27th, so some time to run before the next catalyst.

Key Takeaways From the Session

• Have a Plan: Technical levels (VWAP, support/resistance, moving averages) give traders an edge.
• Don’t Chase FOMO: Even when stocks are running, stick to your plan, don’t abandon risk management.
• Be Wary of Overextensions: A big run-up (Micron, BigBear AI) often means a cooling-off period is coming.
• Use Partial Profits: Taking some off the table when you double is “playing with house money.”
• Speculative Plays: Ride momentum, but don’t outstay your welcome — especially with high short interest stocks.
• Stay Humble: No matter how bullish the setup, anything can happen — keep your ego in check.

Closing Thoughts

This episode captures the candid, off-the-cuff brilliance of two traders sharing real market talk. With humor, humility, and sharp technical analysis, they cover everything from all-time highs in NASDAQ to what might be the next breakout in biotech or crypto.

Every name discussed is grounded in real strategy — not just hype. And the advice is timeless: “Don’t forget risk management!”

Whether you’re here for the technical breakdowns or just the camaraderie, remember: Sometimes the best plays are the ones you sit out — but when you find the right setup, don’t be afraid to take a swing.

Until next time — see you in the markets!