Deep In The Backcountry

Here’s What I’m Watching

By Riley Rosebee

May 31, 2026

Happy Sunday folks,

We finished the week on a high note.

I vacated the desk before Friday’s opening bell. Call it risk management.

I couldn’t help but notice the Aspen Airport grace the headline, front page of Friday’s Aspen Times.

Aviation is in the spotlight. Are you ready to take flight?

Ondas witnessed a whipsaw day, ticking as low as 11.60 before ripping to close 3 cents shy of Thursday’s final print.

The weekly chart looks ripe to rip.

I don’t want to get ahead of ourselves, but all-time highs are well within reach.

One good day. One positive reaction to a press release may lead us to a fresh frontier.

Onward.

Saturday, I ventured to Marble, Colorado - home to the World’s finest.

And by a sheer twist of fate, I stumbled upon two backcountry pilots who flew in from Wisconsin and camped overnight.

I waltzed by the no trespassing sign without knowing who // what I’d see.

I met Jeff and Jim.

Jeff (left) is a Director with The Recreational Aviation Foundation - a non-profit organized to preserve, maintain and create airstrips for recreational access.

I’m excited to get involved with the RAF - and will share my findings in due time.

But here are my holdings heading into the week,

And what I’m watching…

I’m fully vested, not interested in jumping into new positions.

But Cisco looks ready to rock. The stock gapped +13% following its May 13th earnings report.

A resolution to the upside further confirms the direction of the underlying trend.

Let’s talk Tesla.

It seems like everyone is waiting for the multi-year breakout.

$TSLA tried to make a run in mid-December, only to be met with aggressive sellers.

And now Elon’s EV company is knocking on the door of its former highs.

Drones are at the center of my scope as we start the week. Rex’s pure-play drone ETF $DRNZ closed at all-time. I’d be surprised if we didn’t see $DRNZ drift higher. This is a classic gap + go.