They say there is no 100% win rate in trading. But Panicans are WRONG 100% of the time.
Last year at the end of March and into April, everyone was panicking about Liberation Day. I said we were going to bounce off those levels Now, some people questioned me at the time. So, how did I know? What did I see that others couldn’t
I’ve been tracking this setup and it’s the best I’ve seen in years.
Table of Contents
The Big Picture
Nobody knows for sure. As always, we don’t predict, we react. But we had indicators that there was going to be a concentrated effort by the administration to push the market higher. Trump loves to say he doesn’t watch the stock market. Meanwhile, in the middle of the night he’s posting memes of the stock market and rockets.
I know it’s a hot-button issue. Whether it’s right or wrong, I think pushing the market higher is the plan. So, going back to Liberation Day, I wasn’t worried. I considered the tariffs bullish.
Yesterday, the Trump Account app launched. There is a nonstop desire to own assets, to get out of cash. And it’s been driven by this administration all the way down.
Could Anything Derail This Market?
On Tuesday (May 26), I wrote that at some point we’ll have some kind of reversal. But I also said the trend is your friend and that I don’t know what can stop this train.
I’ve been asked several times since then…
What about oil or economic data? What about the Fed? Surely something can derail this market’s momentum, right?
Again, going back to Trump, he’s got his guy in as Fed chair. I don’t think Warsh is going to do anything to rattle the markets. Now, we’ll see. That could change. But I think the biggest issue we have is still the Middle East situation. It looks like it’s getting better, but who knows what could happen?
Heaven forbid it escalates to the point where it derails the market. But as long as we can get that to calm down…
I’m still VERY bullish going into midterms.
My Take
Right now there are several themes happening all at once:
- We have the SpaceX IPO coming on June 12. So, space stocks are hot.
- The AI story is ongoing and I’m a big fan. Every aspect of my business and life is affected by AI. This isn’t like dot-com companies with inherently unprofitable business models. AI revenue is growing fast.
- Quantum stocks are hot because of the government investment I wrote about in this post.
- Drone stocks are running after the Trump administration announced it is exploring funding deals similar to its quantum computing investments.
When a big theme runs, don’t only stare at the leader. Watch the sympathy names. AI, chips, quantum, energy… Hot sectors can pull smaller names into play.
Watchlist
Let’s look at four charts, just so you get an idea how much potential there is in this market and why I’m so bullish.
On Tuesday I highlighted QTREX Quantum Ltd. (NASDAQ: QTEX) as a strong quantum sympathy play. It has not disappointed…
Yesterday I wrote here about Astrotech Corporation (NASDAQ: ASTC) and how it went from a classic RCT play to an outstanding short squeeze. It also kept going…
Now drone plays are going nuts. Check out Ondas Inc (NASDAQ: ONDS):
And Red Cat Holdings Inc. (NASDAQ: RCAT):
All four stocks above featured on my Premarket Prep webinar yesterday. You get access to Premarket Prep when you become a Daily Income Trader.
On My Radar
- If you have children under 18, you can enroll them in a Trump Account here.
- Inflation figures dropped yesterday. Looks unlikely there will be a rate cut before energy prices come down.
- Finally, I had a great time on FintechTV live from the floor of the New York Stock Exchange this week:
Me live from the floor of the New York Stock Exchange on May 27, 2026