My friend, I think we are set up for just an incredible bull run through the summer and into fall.
Now, I often say that we don’t anticipate, we react. So, rest assured that even if this bull market doesn’t continue, we have patterns to address the volatility and shift in sentiment.
That said, get excited because there’s just so much to be positive about and I’m fired up….
Join my mentor Tim Sykes as he walks you through his
battle-tested formula for crushing the stock market
with special guest $26M trader Jack Kellogg
June 26th – 27th
Table of Contents
The Big Picture
This market has so many things going for it. Let’s take a look at three…
The SpaceX IPO
So far this is just a great result. Space Exploration Technologies Corp. (NASDAQ: SPCX) raised $85.7 billion. That’s $10.7 billion more than the initial pricing after underwriters exercised their “greenshoe” overallotment option.
There are two reasons I bring up the SpaceX IPO
- I’ve been saying for a while that if this IPO goes well, it sets up the rest of the market for success. It proves there’s demand and people are buying. With the Anthropic and OpenAI IPOs on the horizon, it’s a positive signal.
- You could trade really expensive stocks like SpaceX and make 15%–20% a day. Or, you could look at the stocks we trade. We see those types of moves every day in penny stocks and small-caps.
Now, I’m not saying you shouldn’t be in SpaceX. We have members who have traded it. Others bought as a long-term investment. My point is, if you want those kinds of moves, you don’t have to trade high-priced stocks.
The Iran Deal and the Market Reaction
I try not to get too excited too quickly. The deal the administration announced over the weekend is supposed to get signed on Friday.
I’ll be happy to get it behind us. You never know when you’re talking war, geopolitics, and hostile countries. But we’ve been leading up to this for the last few weeks.
That small amount of clarity and optimism about closing this conflict out made the market rip on Monday.
It’s kind of funny how they game the market. You can see exactly where it was announced on the chart below:
SPY June 12-16, gap up into Monday premarket.
But, hey, we’re bullish, we don’t care. We’ll take any catalyst we can get.
Just as stock futures went up, oil tanked. When oil goes up like it did during the conflict’s early days, and gas goes up at the pump, it pulls money away from the markets.
Still what did we see?
A Resilient Market
As recently as early June we hit all-time highs. Then we sold off a little bit into the hype around the SpaceX IPO. But I still believe that was just people raising cash to buy SpaceX. And they bought it for sure
My Take
I’ve been saying it since the 2024 election: If the most pro stock market president gets elected, hold on.
Now, I’m not defending some of his other policy changes. But as a trader, this is the guy you want, okay? Yeah, we should be spending more on education and infrastructure. There should be a focus on other things outside the stock market.
But as a trader, this is the guy you want. And look at what the markets have done since.
Again, I think we’ll continue to see this into midterms. So get fired up, my friend. Follow the rules because it doesn’t mean you can break rules or stop losses or be irrational. You still gotta be smart.
Watchlist
CervoMed Inc. (NASDAQ: CRVO) was up in premarket trading yesterday on news that an insider bought $3 million worth of stock. This FORM 4 filed with the SEC on Monday confirmed the news.
CRVO, 2-day, 5-min candles, insider trading catalyst
CRVO ran +180% from the $2s to $7.45 by midday before pulling back. If it can hold yesterday’s gains and trade sideways today, it could set up for a day 3 surge tomorrow.
On My Radar
- Any chance Trump does Monster Trucks for his birthday next year?
- In a bid to catch up with Claude Code and Codex, SpaceX is set to buy Cursor parent Anysphere for $60 billion in an all stock agreement.
- Bullish: Oil dipped below $80 per barrel for the first time since March yesterday.