NKLA stock price ticks down modestly to $6. When supply increases too rapidly, prices are likely to fall. He stressed that the enthusiasm surrounding IPOs, particularly when they make early investors substantial profits, creates an environment of palpable excitement. Cramer noted that when interest in these IPOs wanes, that initial exuberance quickly turns to frustration, which can cause broader market declines, not just in IPOs but across the board. We bought some NASDAQ:NKLA this morning with some of our NYSE:BABA gains. Weekly looks like it's going close with a bullish engulfing. Been completely beaten down since ipo. Even a pop to previous S/R would be 200%. Worth taking a swing on. Energy sector ETFs also posted gains, adding correlation-based confidence to the possibility of sector-wide upward momentum.