I’ve had a position a while ago because the technical thesis didn’t play out.

But now it’s back on the radar and honestly it looks a lot more interesting this time around. It is finally starting to break out after almost a full year of going sideways. That said, this is still a volatile name, so it’s important to size positions accordingly.

If you go back and look at the price action, there’s a pretty clear pattern that keeps repeating. It tends to spend months consolidating and building a base, then breaks out and moves quickly just to repeat the process again. The key thing to note is that the actual breakout phases are usually short and sharp.

The Setup:

• Breakout of a year-long consolidation

• Operating leverage is kicking in leading to revenue acceleration

• Dave’s business benefits from a harder macro setup and rising inflation

• Steady compounder growing every year and every quarter

There is not much more to say about Nvidia.

I’ve been bullish for over 10 years and still am. It remains the most important company in the world and the leader in AI.

The Setup:

• Breakout of a 7 months-long consolidation

• AI developments continue to accelerate

• Unprecedented revenue and earnings growth

• Valuation has come down while fundamentals have improved

• Semiconductor sector is hitting new all-time highs alongside $AVGO, $AMD, $TSM etc.

This is the first time in over a year that Bitcoin is starting to set up.

It’s not the cleanest setup, especially in this market, but it’s worth keeping an eye on and could make sense if you’re looking to start or add to a long-term position or as a short-term trading opportunity. And if this is the turning point, it will also likely start the rally in all the crypto adjacent names. But there will also be plenty of opportunities to add more.

The Setup:

• Peak selloff volume in February

• Breaking out of a bottom base

• Building higher highs

• Improving sentiment

The SpaceX IPO is coming closer and closer. That will create a ripple effect through out the entire sector.

And Planet Labs is one of the more interesting names in this space. Planet Labs operates a fleet of small satellites that capture daily images of the Earth and turn them into data used to track changes.

The stock has been on a picture perfect advance. This is one to bookmark. The moves have been pretty linear. Every breakout is followed by a tight consolidation. It rallies, then pauses, then ralliesagain. This is exactly what leading stocks do.

The Setup:

• Breakout of tight consolidation

• Satellite data demand is exploding with massive backlogs

Tesla is setting up again after a 4 month long correction.

It’s still the best play on physical AI and the key driver will be FSD and robotaxis expanding globally. That will unlock trillions of value but there is still a long way ahead. It’s a big bet. But few people are capable of achieving that and one of that is Elon.

And keep in mind that earnings are tonight afterhours.

The Setup:

• Breakout of a downtrend and sitting right at key moving averages

• Robotaxis starting to expand into new cities

• Investing aggressively in the AI buildout and Terrafab

• Energy business is growing rapidly

• Announced new chip AI5

Photonics and optics have been one of the hottest sectors lately.

Syntec Optics designs and manufactures very precise optical components. Think lenses, mirrors, and optical assemblies that control and guide light. These parts are used in things like semiconductors, medical devices, defense systems, and laser-based equipment.

Fundamentally, not much has changed. The business has been fairly stagnant, so this is more of a short-term play taking advantage of the current market sentiment. It’s a small cap stock that is very volatile, so keep that in mind.

The Setup:

• Part of the leading theme

• Just broke out of a base and retested the breakout area

• Capitalizing on short-term trend

• .Robinhood is starting to form a bottom