Matt Maley believes markets could see new all-time highs but he wants to see "a little upside follow through." On the intermediate term he does have some concerns about market valuation, but that doesn't stop him from sharing some stock picks. For Amazon (AMZN), he believes there is still further upside and catch-up compared to the rest of the Mag 7 stocks. Then, he looks at the IWM ETF, which is representative of Russell 2000, as a possible source of value. Lastly, he likes Pan American Silver (PAAS) as a defensive play.