The Weekly Trend
The Weekly Trend is a conversation on various publicly-traded markets, seen through the eyes of technical analysis.
The Weekly Trend
Episode 296: The Semiconductor Show
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In this week's episode Ian and Kevin discuss the continued strength out of Semiconductors and Technology, while other areas of the market failed to reach or surpass previous highs. They also discuss the strength out of Asia while Latin America cools off, Bitcoin, Small Caps, and that they would like to see risk-on behavior continued in the fixed income space.
Welcome back to the Weekly Trend Podcast. Today is April 24th, 2026 and P sitting at 7,140. My name is Ian McMillon, and today joined by Kevin Firari. Solid week, Kevin. Solid week.
KevinYou can't argue with the Green Week, right?
Ian McMillanGet, well solid week for tech stocks,
KevinYeah.
Ian McMillanI guess is good that the s and p is weighted towards tech. And when we say tech, we kind of mean semiconductors.
KevinYeah. It's really the semiconductor show for the most part. I mean, even just within technology itself.
Ian McMillanNot a lot else to, I mean, things holding up, but I wouldn't say things running away tech and semiconductors. I think XLK got new relative highs today. So yeah, abrupt move. Abrupt move. I see that a lot. People throw out these stats. Oh, XL k's up 16 days in a row. It's not, I'm pretty sure people say that about the s and p too. It's up a lot. It's not up 16 days in a row. I mean, XLK was you know what? I might be eating some crow here. We were down yesterday. red yesterday slightly. But yeah, it's been a it's been a move.
KevinYeah, it's been quite the run. And I mean, well, and maybe not necessarily, I mean, as far as what's the term like contribution wise? I mean, obviously semiconductors by far, but I mean like your I guess the other tech theme is memory and storage too is still doing pretty well. I mean, not necessarily, I don't think to the same degree as, as semiconductors by any means, but. And I guess those two are probably somewhat related. Right. But yeah it's definitely on the
Ian McMillanWe just
Kevinsemiconductor front.
Ian McMillanWhat, six month, I mean, so yeah it's been a move, but then six month return in tech is 4%.
KevinAlright.
Ian McMillanSo
KevinYep.
Ian McMillancontext, we're just getting above Halloween. The Halloween pre Halloween highs, which we've talked about on a lot of charts, a lot of client newsletters. I think people. People get frustrated when the right side of that consolidation is not a nice, beautiful, rounded advancement. And it's just a ripper. It's tough to get on those. It is tough to get on semiconductors weeks ago. Tough to get on a week ago. I mean, if I told you to buy semiconductors a week ago, last Friday on the gap higher, that would've been tough.
KevinBeen tough. Yeah. What? SMH, like 18 to 20% from its.
Ian McMillanSm h your nine SMH was up another nine and a half percent this week.
KevinAnd like SOXX. Uh, like one that we've been paying attention to more here recently, up even more than that. But I mean, that's the thing is though, right? Like Nvidia assuming we close somewhere around here where it is today.
Ian McMillanThat.
KevinNear two 10, I mean, that would be an all time closing high. I mean, it's really just clearing highs today. TSM, you know, same thing, clearing like 3 88
Ian McMillanYeah,
Kevinkind of in the same boat just getting out to all time highs, I guess a couple days ago it kind of did, but it's still pretty tight to those for the most part. So they're
Ian McMillanwe talked about.
Kevinlike, there's some big Yep. A MD, like that one would be tough.
Ian McMillanWhat was the one? Oh, am AMAT the one. I mean, you could, yeah.
KevinSo there's a lot of your bigger individual semi names I think you could still jump on, but if you're trying to buy outside of a MD, like broad semiconductors, I mean it's, that would be tough. But then you also, right, then you ask yourself the question, if you know Nvidia, TSM, micron a a, if all these individual names are just kind of clearing previous highs, I mean, can you really feel bad about semiconductors, broadly speaking? You know what I mean?
Ian McMillanI mean, if
KevinI wouldn't think so.
Ian McMillanNvidia sticks this and we stay above 2 0 8 whatever. This is up in here, 2 0 7. It's not bad. Yeah. I mean, this is not, it's not something where you can turn away and, well, yeah. Semiconductors have been good because NVIDIA's up 42% this month. I.
KevinYeah, I mean it would, if you look at just like SMH SOXX, like some of those broad semi phones, like you'd, I feel like it might be a little misleading or well, how could it possibly continue this run? But then you start, you know, looking at those names we just mentioned, and then you can make the case. There's definitely still room to roll. Now, I guess, right when you start. Looking outside of semis in tech. I mean, maybe that's where you start to be a little bit more skeptical. But,
Ian McMillananything that is at the top of the list for you when it comes to we'll call 'em orange flags?
Kevinuh, I mean like MAGS still kinda, well, I mean, Meg's had a good run.
Ian McMillanIt did.
KevinHere, but yeah, kind of struggling a little bit with some of these levels from like fall of last year like January this year,
Ian McMillanOther than
Kevinfang's kind of the same deal,
Ian McMillanof
Kevinright? Yeah. Like discretionary, broadly speaking, kind of never really even tested previous eyes that kind of got XLY turned back around
Ian McMillanYeah.
Kevinabout like 1 22.
Ian McMillan200 days not helping. Tesla just cannot. Yeah, 4 10, 4 ten's a big level. On Tesla. I throw XLP versus staples. Weren't you saying this morning top
KevinYeah. Sectors this week.
Ian McMillanthe week or year to date
KevinThis week.
Ian McMillanthis week
Kevinlet's look at your, yep. Which is probably not what you would expect.
Ian McMillanIt's not so we're not in like full risk. Full risk on mode.
KevinI actually, I mean, staples basically, I guess energy is this week outperforming staples.
Ian McMillanOkay.
KevinKind of missed that in there, but
Ian McMillanIt staples
Kevinyeah, kind of basically flat.
Ian McMillanYeah, nothing in discretionary top 10 looks other than Amazon. Yeah, that's really, I feel like there was one more in there that looks okay, but I mean, all of 'em just look blah Disney. I can't believe Disney's still in the top 10.
KevinI dunno, maybe not for much longer. I guess. I mean, you mentioned like the staple or the, uh, discretionary staples relative chart. I mean that, you know, where that kind of started turning back is kind of an interesting level. Kind of the highs we saw from like end to 21. And like beginning of. Kind of end of 24, beginning of last year. It's kind of roughly where that
Ian McMillanDave likes to use ate discretionary and staples and yeah, that's getting jack coming in. Doesn't look a ton better. Starbucks pretty bad. The hotels, the hotel stocks have still been strong. Wrong in fact. I think we do. I think Disney did drop out of the top, or Disney is in XLY, right?
KevinMaybe I'm making that up. Let's find out.
Ian McMillanIt's not an XLK, is it? I,
KevinNo.
Ian McMillanno, it can't be. Yeah. LA Research is number 10. Anyways, it might have fallen out, it might have been replaced by Marriott.
KevinOh, Disney's and communication services. That's what, where, throw that in there.
Ian McMillanOkay. Okay. Okay.
KevinSo that's
Ian McMillanAlso, not a very,
Kevinon,
Ian McMillannot a very hot sector.
Kevinno. Depending on how you, I guess I always just combine the Google shares as just kind of treat them as one. So like Disney would be, you know, like fourth I guess in the top five, which, you know, bringing up communication services, I guess. I mean, that's the one that really doesn't have a, a very good look at all really just
Ian McMillanlows. Never got to
Kevinno.
Ian McMillanrejected a bunch up here at one 19. Really got above a relative 200 day. Yeah, that's a tough look.
KevinAnd like charter. So CHTR is I think like the fifth holding as far as size, like that's getting hit pretty hard. With the earnings today, it's down like 22, 20 3%, so that's obviously not helping.
Ian McMillanAnd Netflix went right out to the 200 day, got rejected. Now. Rolling. I don't know, maybe
KevinGoogle's holding up well,
Ian McMillanNo more need for communication services.
Kevinyeah, maybe. I mean, telecom's still holding up, right? Like XTL, which is
Ian McMillanTelecom, very strong Six G. Is that like a semiconductor thing?
KevinLet's see. Yeah, so like semiconductors are like just a hair over 25% of six
Ian McMillanOkay.
KevinG's a pretty good waiting. Oh.
Ian McMillangot some good stuff in there. Planet Labs. Something like, Spacey, satellite type things.
Kevinright.
Ian McMillanSATs. SATs has been a good stock.
KevinYeah. I feel, I feel like thematically, you know, it's been pretty consistent areas that are outperforming or that were outperforming before kind of have. Kind of picked up where they left off with like semi storage you brought up like, you know, your satellite stuff and com services with a little bit of your more traditional telecom, which is kind of an interesting flavor. But
Ian McMillanWhat about
KevinI mean financials with kind of a rough look, really haven't been able to get it going. I mean, earlier this week, really over the last. Two weeks probably. I mean, like a lot of your larger banks think a pretty interesting looks, I mean, pretty good approaches, like previous highs, but, you know, they just really, for the most part, haven't been able to clear 'em. I mean, Citi Bank did, and that's held so far. It's oh, what is that? 1 24 or something like that on Citi. It's held so far, but like Goldman Sachs really hasn't been able to clear previous eyes.
Ian McMillanhasn't even gotten
KevinNah. Didn't even really get close. No. Um, Wells Fargo lagging behind even JP Morgan. Not really good look for them. And I mean, outside of like your larger banks, I guess, like your. A handful of your investment managers like Morgan Stanley weren't doing too bad. Um, but even there, they're kind of pausing here at previous eyes Some of your like brokers or exchanges, things like that, like CBOE, kind of really CBOE, cleared their previous all-time eyes for a day and then kind of pulled back a little bit, I mean. That rate of trend still intact. I mean, I think they're fine.
Ian McMillanYeah. What about like ice? How's ICE doing?
KevinCME really doesn't look very good,
Ian McMillanWhat about foreign?
Kevinso I don't know. Yeah, I mean, kinda seems to be your Asia flavor, I guess with like obviously TSM. For Taiwan Samsung doing fine. So C Korea looks good.
Ian McMillanI need to know.
Kevinoutside of that
Ian McMillangood.
KevinI know
Ian McMillanI guess we're in the clear.
KevinI mean, Latin America like a few weeks ago was kind of the, the area of strength is like some of that stuff in Asia kind of cooled off, but really that's, you know, that. It was kind of pulled back really across the board, like Mexico, Brazil I mean Argentina really, I don't think really ever got it going to a large degree. I mean, like 97 for Argentina is a pretty important level. It got rejected there, so it, yeah, I mean like emerging markets um looking like we might maybe get a. A new closing high. I guess we'll have to see. It's kind of right there around 64 bucks. But yeah, definitely more of an an Asian tilt there for sure.
Ian McMillanYeah, when I pull up the. Heat map on Fin Viz, not an advertisement, and look at one week performance. I mean, it's semis, electric vehicles, which really is, they have a I'm on the thematic heat map. One week performance chips. So really just semiconductors in cars. Cybersecurity has been okay. Hardware has been good. Everything else, as you mentioned, energy. Energy has been green this week. Solar renewable energy continues to be pretty solid tans and fans and. P bws. I think that's the other clean injury one is PBW.
KevinYeah. Yeah, there's a couple of those in there like I-C-L-N-V-C-L-M,
Ian McMillanOther
Kevinthey're gonna
Ian McMillanthere's
Kevinor pick.
Ian McMillanof red on the map for the week.
KevinYeah, it's definitely pretty concentrated as far as things
Ian McMillanSoftware still
Kevinmoving higher this week for sure. No, that's pretty disappointing. And especially where they turn that back using like IGV 88 75 basically, which is. You know, if you look at you know, it was a pretty important level from 23 through like the first half of 24, even leading into 25, a little bit, like even back to end of 2021 it was a pretty important level, so,
Ian McMillanCan't do it. Now you got a 200 day roll.
KevinNo.
Ian McMillanwe're stacking up the headwinds here. Software. Yeah not a great week outside of semiconductors and then the little ripple effects. Off of that artificial intelligence she has a theme on this map next week. Some areas up big. Some areas down.
KevinRight. Yeah. Chat hole. No. Pretty well, but that's the thing too, right? Semi is a pretty big part of that.
Ian McMillanWell look at this stupid car, E-T-F-C-A-R-Z. That's just ripping. Do you think when you go through charts, do you see any automobile makers that look good? No, But you've got this car's ETF. Which I know we've known this for a while, but you go and you want, how is this doing so good? Well, it's just semi, it's like that Scooby Doo meme where they take the mask off. Turns out this is just a, this is just a semiconductor fund
KevinRight.
Ian McMillansays future vehicles and technology, but. Very heavy on the technology semiconductor piece. I'm pretty sure they changed the name of that too, to be more futuristic sounding. Probably said, well, we can't just own Ford and GM and Toyota. These stocks suck.
KevinReally traditional. Auto manufacturers. Yeah. Really don't look too good.
Ian McMillanSamsung. Samsung is the top holding Samsung, Taiwan, semi micron, A MD, apple, Nvidia, Google. And then at holding number eight, you get your first car company, Tesla.
KevinWhich we already talked about not the greatest look there either.
Ian McMillanNo. And you don't wanna look at, I mean, the other ones, I guess GM is above 200 day, but
KevinBut even just kind of interesting you know, O'Reilly's, when you think, think automotive like car parts, you know, O'Reilly's kind of cooled off which I think just did nothing but go up.
Ian McMillanalso an XLY. That's like number eight or number nine.
KevinAutoZone usually tracks pretty close to that.
Ian McMillanThe napa. What's the
Kevinyeah. GPC. Yeah.
Ian McMillanparts.
KevinNow, and like PAG Penske Automotive Group, you know, when the car parts and like automotive was doing well a while back, that was another one. I mean, that one's basically been, we've been in a range for, I don't know, three years.
Ian McMillanWe lost our
KevinSo it,
Ian McMillantoo. Industrials are, I mean, not struggling. I have not gotten to new highs yet. Is XLK, the only sector to reach new absolute highs?
KevinI think it has to be rent. I can't think of what.
Ian McMillanNothing else. XLB might be close. No, it's really not. XLC was close and got rejected.
Kevincouldn't do it.
Ian McMillando it,
KevinRight. That really everything else kind of fell short
Ian McMillanman.
Kevinbecause I mean, yeah, like healthcare looks rough and we were kind of talking about before this, like biotech really hasn't capitalized, I mean. Well, it kind of depends on the timeframe you're looking at it. I guess. I mean, XBI was probably the best biotech or the best looking biotech fund out there.
Ian McMillanof the broad ones.
KevinI guess if you focus kind of more near term holding like 1 31, 1 32 so far today, which is. Good to see. But I mean there's definitely some chapter to the left from some post COVID highs in 2021 now. It's kind of like some of those highs from 20 20, 20 21, like late in the year of 2020. It's kind of where it's struggling here a little bit. So I mean, and you know, even pharma there for a while
Ian McMillanMean, I guess
Kevinwas looking like, I might want to get in the game.
Ian McMillanbreadth. 'cause we've only have a confirming advanced decline line on the Nasdaq That might have UI mean, I haven't looked at, looked at the breadth in two days, but Nasdaq was the best looking one Yes, I can go back to semiconductors. Hated or love it. I mean, it just. It is what it is. Tech too. I mean, maybe it's only tech, maybe it's not, but that's the way the ma, I mean the math works out pushes s and p higher. Right. We can do what, I mean, what was it, 2021. And that's when we came up with the, all the whole mantra started with, oh, there's only. Seven stocks pushing the market higher, and I think that might've been the year we actually came out with the MAGS acronym, not we, but the industry, the Talking Heads. Yeah. If you look at s and p Advanced Decline Line. Yeah, no.
KevinYeah. I mean,
Ian McMillanActually technically lower since we broke out on the advanced decline line. Dow is rough I
Kevinyeah, not great.
Ian McMillanof the majors.
KevinSmall caps holding up pretty well. I mean, actually today,
Ian McMillanThey are
KevinIf we can kind of clear like 2 78, 2 79, get a little bit closer to two 80. I mean, that's a pretty decent look
Ian McMillanwe were just trying to get through 2 45
Kevinfor like ever.
Ian McMillanyears of talking about 2 45. Feels good, man. Feels good to make it to this side of the island. Yeah. Now we're consolidating above two seven. Yeah, I mean it's,
KevinBut like even there, you know, if you kinda look under the hood for small caps to find out like your higher contribution areas right over the last month.
Ian McMillanit's gotta be tech, right? Yeah.
Kevinyeah, it's tech,
Ian McMillanI mean the p, the
Kevinit's like tech semiconductors.
Ian McMillanOkay.
KevinAnd like biotech still up there. I mean, which kinda makes sense I guess with XBI still holding up pretty well, you know, and then you get like your electrical products and stuff like that, which is probably, I think there's a good chunk of those that fit in, like the industrials bucket and like the production side of that. Yeah, like regional banks really, were gonna talk about your large, bigger banks, regionals really haven't gotten it together now. I mean, if you look through a lot of the individual charts for a lot of regional banks, there's I don't wanna say quite a few, but a good handful that. You know, or at least earlier in the week, we're threatening to break out and there's pretty big bases there too. You know, so far that hasn't happened yet, but
Ian McMillanAll about that base. Megan Trainor That's
KevinHoly cows that
Ian McMillanfor the, I don't know. Is that
Kevinhaven't thought about that one in a while.
Ian McMillanOr Technically, I don't know. Is Meghan
Kevinwhen did that come out?
Ian McMillanpop culture? Who does she belong to? Millennial pop culture or Gen Z. Hey, look at this s and p breaking out of this little consolidation as we speak. What about Bitcoin? got, okay, so we've been talking about how hot tech is hot. So the cryptos, yay or nay.
KevinYeah. Yeah. Getting some movement outta Bitcoin Finally.
Ian McMillanWe are moving. are above 74, let's call it seventy two, seventy, whatever this. 72 to 74. Yeah, but
KevinYeah,
Ian McMillanwe have the downward slipping 200 day.
Kevinright. Yeah. And I mean, Ethereum holding up, but not really doing as well as Bitcoin. You know, I guess like other cryptos, like Tron, I guess he'd like to see that hold like 32 cents. Trying to remember what some of the other ones were, uh, from earlier this week. I mean, I. You know, that was the thing like earlier in the week, really crypto across the board, pretty much green. But like a lot of those individual charts look so bad. I mean, it's gonna take quite a bit to make those look constructive again. So really it's,
Ian McMillanYou don't wanna buy Solana here. Yeah, look at that. That's zero Bounce. Zero Bounce outta Solana
Kevinyeah.
Ian McMillanbelow 96. I'm not
KevinMy answers to Chop Fest.
Ian McMillanTo those of you who own things like Solana.
KevinYeah, I mean I mean, Bitcoin looks constructive. Ethereum would be nice to get that going. I mean, they're at least, you know, holding up for the most part. Like those for a lot of your other coins. I mean, those churches look so bad. They get hit so hard. I mean, really, for the most part, we're just trying to form bases down here and you gotta see if they can maintain that and then start participating again. It's kind of early to tell. I mean, Leo holding up pretty good.
Ian McMillanCongrats to Leo.
Kevinyeah.
Ian McMillanSee when I look like at an Ethereum chart, and I'm not seeing that we're trading off vibes, but that's like advancement from early February. I don't know man, that just looks so lethargic and lame and like we're just coming. It's just a countertrend move back to area of polarity and I think you can get short here.
KevinYeah, I mean the,
Ian McMillanbut. I'm just saying as a,
Kevinyeah, like the,
Ian McMillanreward perspective, you can maybe let it get to a 200 day, is now downward sloping. I don't know if it gets there. You could do half a position now and then half a position if it gets there, whatever, but.
KevinI mean, 'cause really that 2,400 to 2,500 level, I mean, it's not necessarily the cleanest in the world, but I mean, that's kind of a, a level, it's definitely wrapped around for quite a bit really on both sides. It,
Ian McMillanYeah. Even go back to 2021.
KevinMm-hmm. Yeah. And even on Bitcoin, I mean. You could see 'em buy it up closer to 80,000 and then, I mean, it might take a little bit to clear that you're getting pretty close to dollars. You're 200 day there,
Ian McMillanget up into
Kevindepending on.
Ian McMillanI don't, I don't know. It does not look it I'll, maybe the best way to put it. This doesn't strike from a price action perspective and then look at the volume. I mean the volume has died off during this advancement. From a price action perspective, this does not strike me as accumulation. That's probably the best way. I'm not saying it go higher. I mean, you don't have to have, I mean, you do need more buyers than sellers. That's math, Yeah. yeah, it's, just doesn't strike me as people stepping in, like serious institutional buyers stepping in and saying yeah we wanna own this. I,
KevinOutside of Michael Saylor and strategy or whatever they're called now.
Ian McMillanbottoms, if you go back to Bitcoin, how many of these bottoms. Yeah, they base for a little bit, but they get started with a pretty like a pretty strong, like one to two day move almost. I mean, almost all of them.
KevinRight. Yeah. Which is not really how Bitcoin's doing. I mean, just kind of trying to grind higher at this point. So. Yeah, definitely not out of the woods yet in crypto land.
Ian McMillanAre we outta the woods in the stock land? I mean, I
KevinWell that's, I mean, not really. No. I mean, I guess it depends what,
Ian McMillanhow you define stocks, unquote
KevinI mean, it's hard to be,
Ian McMillans and p's. There is
Kevinyeah.
Ian McMillanit's the average
Kevinhow bearish can you really be at all time Eyes, I.
Ian McMillanI mean, look what, look at the NYA. It's probably what the average person's portfolio feels or looks like. It's completely stalled out over the last five or six trading days.
KevinI mean, really that's a pretty good average look, I think for a lot of what you've seen, industry sectors and industries outside of semis and stuff like that. Yeah.
Ian McMillanNot even an XL X-L-F-X-L-F did not get back above a two. Is this a right chart? XLF Never got back above a 200 day?
KevinYeah. At least didn't close above it.
Ian McMillanYeah, it didn't close above it
KevinIntraday a couple times. Yeah. But,
Ian McMillanor like in an XLI got here. I mean XLI has been stuck for two weeks. Pretty decent mo. I mean, pretty decent. Move off the lows. If you go back to March 30th, did outperform for that first week, and then I got stuck because everyone apparently has jumped on semi conduct, I guess. I don't know. I don't know. Anything else you think our listeners should know about?
KevinI mean, I'd like to see junk bonds. Kind of pick it up here again a little bit. I mean, you know, it's been a pretty good month of April for the most part. Kind of slowed down here as of late. Really kind of stalling around a 200 day
Ian McMillanWell, credit
Kevinfor like J and K,
Ian McMillanspreads yet, I mean, those are gonna take a while, aren't they?
Kevinright? I mean, it'd be nice to see like j and K kind of come up here and test like 98 bucks again. I mean, I would say this month it has seemed to be like a little bit more of those risk on areas like your higher yield floating rate stuff has been doing pretty good. Yep.
Ian McMillanOur verticals
Kevinnow.
Ian McMillanHoly smokes That.
KevinWhich those do seem to kind of go as tech goes for the most part a little bit.
Ian McMillanThat's true.
KevinYou know, it, curious to see what we're gonna get out of the dollar. You know, they were kind of buying DXY up a little bit the last couple days.
Ian McMillanGuess as long as we're below
KevinJust kind of
Ian McMillanI'm probably not
KevinAll right. That's the main thing. Yeah. But like I would say, you know, before like the last couple days, I mean like your emerging market bonds and some of your foreign bonds, stuff like that, have looked pretty good. You know, that's pretty much in if the dollars getting bought up, those usually, um, are on the opposite side of the coin a little bit. So we'll see.
Ian McMillanMan Dollar. We are officially a year. Into this range. First time we broke below 100 was April 11th, 2025. I mean a dude. April 24th, 2025. We were right here, 98 5 99. So, I mean, that's good. I mean, I think I've always kind of, people have their thoughts on the dollar. I think that's, I think a market that doesn't have to experience any i foreign exchange. Jolts is a happy market. So I mean, I, yeah, you want to keep the dollar in between 96 and a hundred. That's fine. I mean, it's the mo, it's when pe, they get outta these ranges that people get so spooked And you never know,
KevinYeah. At least just get some
Ian McMillanOh, now we decided strong dollar is good, whate whatever.
Kevinyeah, it's really probably one of those things where really just kinda want some consistency regardless of it's gonna be a strong dollar a week, dollar, at least if you
Ian McMillanabout
Kevinhave some consistency to it.
Ian McMillanfour x rates? What
KevinOof.
Ian McMillanof clients in Morocco?
KevinThat'd be tough. Would be tough.
Ian McMillanThey don't let us have foreign clients do that. TD never did. Wasn't that thing for a little bit. Canadians wanted to be clients.
KevinYeah, I think there's some more hoops to get jump through to, to do that.
Ian McMillanlove us, man. Client.
KevinThey're nice people.
Ian McMillanthe they love the ETF, So shout out
KevinThey do
Ian McMillanthe Canucks,
Kevinnot the team.
Ian McMillanthe team. They
KevinNot in the playoffs.
Ian McMillanThey got a few
KevinI don't think they made it this year. Did they?
Ian McMillanthey got a few Canadian teams though in the playoffs. Ottawa made it. Didn't Ottawa make it for the first time in a long time or something?
KevinYeah, I was in there. I, well, Edmonton I was is in there.
Ian McMillanYeah.
KevinI mean the big ones always. Yeah. Montreal doing pretty good. I mean, I'm sure there's plenty of people still pissed off about the maple leaf, which I guess not being from Canada, I don't know this for sure, but I feel like that's the US equivalent to the Yeah, I would think. But although, I mean, well, I mean it's, I mean there's so much more spread out. I think there really. Yeah, I really haven't paid attention to the NHL playoffs. Too much wings, couldn't get in, so that's unfortunate.
Ian McMillanmade the playoffs last year. And this year? I thought this year was the first time in a while. Last year was the first time in eight years.
Kevinfor Buffalo for sure, it's the first time in quite a while. So it's good for them.
Ian McMillanOh, don't know any Buffalo players. Dominic Hastick. Is he still playing?
KevinNo, I think that's been quite a while.
Ian McMillanI think he retired when I was like nine years old.
KevinMan. He played for a long time. How old was he when he finally gave it up? It's like we would go on a rotating basis of every so often, bring up yard yarder two. Yeah, he was 43 when he retired in oh eight.
Ian McMillandude play till 2011. Holy cow. Is that right? Well, professionally,
Kevindid he go back to oh, they, he went over to
Ian McMillanRussia.
Kevinwell he was in the, yeah, for one year. He was in the, well, I don't know what his it's not really the Czech Republic anymore, is it?
Ian McMillanWe started off there. Yeah. What are they? Shacho, Slovakia
KevinI don't feel like that changed not too long ago.
Ian McMillanI don't
KevinI,
Ian McMillanbeen going on in Eastern Europe, what their names are
KevinI don't really,
Ian McMillanNo, it's
Kevinit's hard to say.
Ian McMillanCzechoslovakia and what? Slovakia. Yeah, but what used to be the Czech Republic.
KevinSo it's officially called. Does it now? It looks like, no, I think that's a little different.
Ian McMillandifferent.
KevinI think so. Or maybe. I think it's,
Ian McMillanwe're gonna, we're gonna offend so many people. We should get off this topic.
Kevinoh yeah, I We're gonna have to study up on that
Ian McMillanYeah. We'll study up. We'll be
Kevinover the weekend. Try to figure out what's going on in Eastern Europe.
Ian McMillanKevin will be back next week, and there'll be a whole episode on geopolitics Eastern Europe.
KevinIt would be really exciting.
Ian McMillanSo s and p stayed above 7,000. That's the big key. Not like the way it's being accomplished given the lack of breadth. No, I mean, that can change, right? I mean, one big week from. Small cap or whatever and
Kevinstart consolidating a little bit and everything else catches up.
Ian McMillanthen micro caps have also been strong, so I don't know. Yeah, look, play around in the micro cap pool. I don't know. They're all time highs holding up Good relative chart. Better mic. They're better in mega caps, aren't they? Didn't I have that in the relationship? Yeah. Yeah. You should own. Micro caps over mega caps. Anyways, we're holding. And until that is not the case on the s and p nasdaq, mentioned the Russell one, 2000. Then we keep going. Russell 1000 also holding
KevinSo speaking of Russell,
Ian McMillanfor most stocks healthy. It's not fun when you see the broad market going up, but I'd rather go sideways than give up. You look at Russell 1000, we're 13% off the lows. You wanna go sideways and have it be annoying, or you wanna give half that back? I know which one I'm picking.
KevinYeah, I'm right there with you. I'm right there with you. Yeah, you know what I mean? You mentioned the Canadians like in A DPV.
Ian McMillanI.
KevinProbably a good spot to highlight that.
Ian McMillanWe should run with that. Speaking of a DPV Adaptive Select listed on the NYSC under ticker, A DPV helps investors access two of the most prevalent factors in markets, momentum and relative strength through proprietary identification methods. The adaptive select ETF attempts to own the strongest 25 large cap stocks when the market is in an uptrend. And since not all market environments are the same, can you believe that they're not all the same? Kevin? Adaptive
KevinI always thought,
Ian McMillanto prevent extended declines by moving to short term and cash during market. Downtrends investors can find out more including how to invest in ad PV by visiting ad PV etf.com or by calling 1 8 3 3 8 8 0 5200. involves risk, including possible loss of principle by. Dun Quasar distributors, LLC. You think anyone's ever called that
KevinIt's your
Ian McMillanI've never been informed of anyone calling that number.
Kevinprobably gonna make sure it works maybe once.
Ian McMillanI think we did. Yeah, when it was first set up, we called it.
KevinRight? Make sure the phone line's plugged in.
Ian McMillanyeah. So better week for the ETF for sure. Back on track, back above the 2000, kind of like last year. Kind of took a week to get the wheels spinning. yeah, that's that. Have a great weekend, everyone.