Weekly Market Report 6/21/26
Big trade years in the making, two retail favorite stocks setting up for further upside, new healthcare leader, lagging AI infrastructure stock with tons of catalysts, my trading portfolio, and more.
First of all, happy fathers day to all the fathers out there!
This past week, we finally made it through every major catalyst the market had been worried about.
Whether it was inflation data, the SpaceX IPO, the Iran deal, or Kevin Warsh’s debut as the new Fed Chair, it appears as if everything the market was worried about is in the rearview for now.
That’s what you call a strong and resilient market.
It wasn’t without bumps or pullbacks, but the Nasdaq closed at a new all time weekly high. Meanwhile, bears had been arguing that SpaceX was going to drain liquidity from the market and Warsh was going to be so hawkish he’d crush the market.
Neither happened. Cue the “nothing ever happens” meme.
Despite all the volatility, we’ve been riding winners such as ARM, DELL, and MRVL from late March-early April. This has emphasized one thing:
You’ll never get a multi bagger if you’re always selling for crumbs.
Holding a winner is hard but if you want to see monster gains you have to hold on longer than you’d think. If you sell a winner for 25% after a “nice” win, you could miss out on hundreds of % gains.
Yes it can feel uncomfortable holding through volatility but as long as the chart structure is still healthy and in tact, there’s likely no reason to sell other than your emotions.
You won’t sell the top, forget about that. But always selling 25% too late vs. 200% too early is expensive. Get comfortable feeling uncomfortable while holding a big winner because it can change your life!
This is something I strongly emphasize in this Substack. You don’t need to constantly trade in and out of a name to make money. Oftentimes the best trade is finding the right stock, building conviction, and giving it enough room to become a monster winner.
If you’re not already in the subscriber chat, I strongly suggest paying attention to it.
This is where I post all of my new trades as I enter them. I walk through the trade idea entirely including my thesis, risk level, cost basis, and more.
The subscriber chat is also where I post a daily thread with my thoughts on the day ahead, relevant headlines and macro events, my main focus names, notable upgrades and downgrades, and anything else I’m watching.
It’s basically become a live market group chat. We have a ton of smart people sharing ideas, setups, headlines, and observations throughout the day, and there’s a lot of genuine alpha in there.
I honestly believe it might be one of the most (if not the most active) subscriber chats on Substack.
Come join us!
In the remainder of this article I’m going to break down:
A trade that’s been years in the making and finally looks actionable.
Two retail favorites setting up for more upside.
A lagging AI infrastructure stock with a long list of catalysts.
The potential new leader in AI healthcare.
The Magnificent Seven.
My portfolio.
My favorite charts + setups.
The overall market.
And more!
This is my favorite market report in quite some time, it includes a few of my favorite ideas so far this year.