Nine straight weeks of gains on the S&P and market breadth is quietly falling apart underneath it.

In this episode, Jim Iuorio and Bobby Iaccino sit down with Mike Arnold, chief technician at Unfiltered Investor, to break down why the rally looks stretched even as stocks keep grinding higher. Mike points to a lopsided options market 70% of everything traded last week was calls as a sign that reward-to-risk no longer favors chasing this move, even without a confirmed top.

They walk through exact levels on AMD, Microsoft, IonQ, Wendy's, Kohl's, XLV, and gold, debate a wild AMD prediction calling for a run to $980 by June 29, and warn near-retirees against assuming unrealized gains are money in the bank.

Timestamps:
00:00 Intro and Sponsors
01:34 S&P 500: 9 Weeks Up, What History Says Happens Next
05:43 How to Hedge an AI Bubble Without Panicking
08:24 70% of All Options Are Calls: the Red Flag Nobody's Talking About
11:09 Covered Calls vs Naked Calls: Know the Difference
12:18 NASDAQ vs S&P: Which One Is More Exposed
14:31 How to Read Market Breadth for Free
18:32 Put/Call Ratio at Multi-Year Lows: What It Really Means
19:11 S&P Rotation Zone: How Far Could a Pullback Go
23:03 Warning to Near-Retirees: Your Gains Aren't Banked Yet
25:20 XLV Healthcare ETF: Contrarian Play Against AI
28:38 Gold: Long-Term Consolidation and Key Levels to Watch
31:13 AMD: the $980 Prediction by June 29
37:12 Wendy's (WEN): 7% Dividend Plus Technical Setup
41:04 Kohl's (KSS): Weekly Double Bottom in Play
46:38 Tesla and IonQ: Where Each Trade Breaks Down
51:31 Microsoft: Breakout, Reward/Risk, and Where to Take Profits

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