Dec 1 – Dec 5, 2025
by Nick Schmidt · December 7, 2025
Big change in character over the past two weeks. Multiple breadth thrust days, stocks leading, and constructive action throughout. Built full positions in TSLA and ASML, half position in GEV. Exposure went from 20% to 75% by week's end. Bad news on job numbers was met with strong price action which is the opposite of what we've had. So far a shift in character.
The environment feels similar to early May when stuff felt easier, there was a wind at our back, and new trades worked more frequently. I don't know how long it continues but the positive feedback so far and that easier feeling is something to lean into while it's here instead of question after a period where it was the opposite. TSLA and GEV both showed standout action Friday. Looking to add GEV to full size on a higher low or breakout above $650. Staying positioned and letting winners work.
Built from 20% to 75% exposure across three names. Six trades this week scaling into focus names.
Gap down open which I actually prefer over a Monday gap up. Started TSLA and GEV with small positions, slow accumulation approach since neither was in an ideal sizing spot yet. Nice action overall but not like the breadth days from the prior week.
Gap up open. PLTR, GEV, ASML standing out with relative strength. Added TSLA and initiated ASML. Mixed day with some fades. TSLA still struggling above the $430 level. I keep saying I want a pullback and so many people feel similar so like April and May it may not come and leave people chasing. Continuing to slowly add as stuff works.
Flat open. Added GEV on morning weakness. Filled TSLA near $440 as it hit the top of my buy range. Added ASML to a full position. Internals improved to 70% of stocks up. Bad job numbers released but the market closed strong which is a potential character change. Breadth thrust day. Now at full positions in TSLA and ASML.
Good constructive day. No breadth thrust but most stocks moved higher. Genomics, growth, aerospace, robotics leading in the first hour. GEV had standout action and is getting close to completing its base. Wednesday morning weakness was a gift so far. TSLA very nice action and close.
Rest day for positions and most names. Great week from TSLA and GEV. No reason to do anything, just let the positions work.
The price action recently had wide and choppy ranges. This week was quiet near the highs. Another quiet tight inside week lets you manage risk nicely and means the stock is likely to get directional. Compression near highs is one of the best things you can see because it means supply has dried up and when the move comes it tends to be fast.
We love those big weekly bases where the stock hasn't gone anywhere in years. The longer the base the bigger the trend that usually develops if it breaks out. TSLA is sitting on a five-year base and GEV has been building for months. These are the kinds of patterns that produce the biggest moves because so much supply has been absorbed over time.
Last month I felt very confident placing a bunch of trades that didn't work. So far this past week it's been the opposite, less confident but stuff is working. Sometimes the best trades feel uncomfortable in the moment. What matters is following the process and the environment giving you positive feedback, not how confident you feel about any individual trade.
I keep saying I want a pullback and so many people feel similar and so like April and May it may not come and leave people chasing. That's why I started slow accumulation this week instead of waiting for the perfect pullback entry. When everybody expects the same thing it often doesn't happen and you end up watching from the sidelines.