November 17, 2025

Markets

Stock futures were mostly unchanged Monday as Wall Street gears up for a pivotal stretch of catalysts, highlighted by Nvidia earnings and the September jobs report.

Alphabet jumped 3% in premarket trading after Berkshire Hathaway disclosed a new stake in the Google/YouTube parent.

Last week closed mixed: the Nasdaq slipped 0.5%, dragged down by Alphabet, Amazon, Broadcom, and Meta. Meanwhile, the Dow and S&P 500 managed slight gains despite Thursday’s sharp pullback.

This week should give investors clearer signals about the AI trade as Nvidia reports Wednesday. We’ll also get insight into consumer strength as Walmart and Home Depot release earnings.

Portfolio

Welcome to NVDA mega-week. Expect some back-and-forth early on as the market positions ahead of Wednesday’s report—then things can ignite. You can already feel the setup building into the holiday week.

Let’s get straight to it:
The market essentially finished last week flat—slightly green, in fact. We sold off, we bounced, and we closed right where we started. If someone only looked at Friday’s print, they’d assume it was a boring week.

Yet somehow, a flat week generated more panic and noise than any meaningful red week we’ve seen this year. And the reaction—not the move—is what stood out. The market had every excuse to break down. Momentum cracked, the NDX felt heavy, AI names looked tired. All the classic “end of the world” ingredients were there. The bearish narrative was ready to explode.

But the indices simply refused to go lower. They absorbed it all and finished unchanged.

I wasn’t concerned about the selloff or the headlines. What gave me pause—briefly—was the realization that if these conditions didn’t break the market, then what actually will? That’s a conversation we’ll be diving much deeper into over the coming months as we map out our thesis and trade plans for the community. There will be massive opportunity on both sides—riding the winners higher and identifying the companies that won’t survive the AI race.

But right now, the focus is the opportunity directly in front of us: seasonal setups, NVDA, and positioning to make our year.

And I hope the majority of our community sees what we’ve been preaching—value over noise, big-picture thinking over day-to-day narratives.

Market psychology is fascinating. Everyone wants the high-flyers when they’re ripping higher. But when they pull back 40% or more, suddenly nobody wants them.

Many of the names everyone loved weeks ago now carry far better risk/reward. That doesn’t mean you blindly rush in—it means the odds are shifting in your favor as they fall into key zones.

In April we watched names drop 60%+. Now many are off 40–50%. Could they fall further? Sure. But the profile is far more attractive now than when people were chasing them at the highs.

With that in mind, be smart. Take advantage of these discounts. Add to your favorites strategically. These wild swings are a gold mine of opportunity.

We enter the week holding setups in RDW, SOUN, A, METU, and AAOI. No changes needed. We’ll stay patient into NVDA—and then we expect to switch into full attack mode. This feels like a flip-the-script moment.

Be ready.