Brian Shannon on $RIVN (Oct 27, 2026)

I want to ask you about this because we talked about Rivian today and it's on the upswing now, because maybe some of the Rivian vans at Walmart had Walmart stickers on them. So it looks like they might start using these in Walmart delivery services.

But this is another name and I'm sorry to keep bringing up all these new names in front of you. They are now facing some problems. I mean, Valero was doing pretty well until today.

But in my common sense, Rivian is now at exactly the support level we've seen since March 2007. I'm sure if I zoomed it out further, there would be some short weeks in August and then another one here, and yes Brian.

I'll get to that in a minute, but look at what you said about Nike. I applaud you in the case of Nike because the last time you were here and I was singing your praises, there was no problem.

You were talking about this. Let's wait for the volume to increase there. You are right and look at Nike moving forward. Maybe we'll talk about that in a minute. But what are your thoughts on Rivian and if you're still at Nike, you can quickly discuss that.

I think we've already talked about this, but we always get questions about that trade. Look, Rivian looks like it's just another bounce in a downward trend. This is, as you said, rumor-based and great for short-term trading, but even on the 30-minute timeframe, the last few rallies have failed to break below the 5-day moving average.

So forget about the 20, 50, and 200-day downward moving averages for now. If it gains momentum, it might head towards that level, but this seems like just another unfortunate bounce in the downward trend caused by those rumors. Good for day trading, but nothing more.

Oh, poor Rivian shareholders. Like myself. I don't have any shares anymore, I used to. I'm so glad I ...he said pathetically.