Chips, Space and Small-Caps Lead a Rotational Rally: 2 Names to Watch
The Mag 7 is lagging amid investor demand for higher-risk, speculative names.
The Failure of Social and Business Media
* The last chapter…
Twitter/X has an addictive quality.
The “discussions” on X mirror the anger that characterizes discourse in this country today.
As to my constant criticism of the financial media, Fin TV (in particular) prizes the consensus. It favors “first-level thinking” and generally ignores “second-level thinking.” This non-rigorous delivery is effective when the “tide is coming in.” Not so much in corrections when the “tide is going out.”
Many corners of the media have too often become an echo chamber of opinion. It is sometimes dishonest in the sense that it is not transparent (no timestamps and no ownership for investing/trading boners). But, at this point, I have made this point often enough.
In case you missed my Tweet of the Day:
Position: None
More Tales From Nvidia: A Lesson on Valuations of Cyclical Equities (Issue #197!)
* Cyclical stocks tend to peak with what appear to be low price-earnings multiples
Position: Short MU (VS)
Tweet of the Day
Position: Short MU (VS)
Tuesday Night Speculation
Dougie Kass
Last night shorts (off solely (massive) overboughts) and not for homegamers! Put on very small AMD $506.21 MU $949.56 SNDK $1636.
Position: Short AMD (VS), MU (VS), SNDK (VS)
Walmart Stock Gives Investors Something to Fret Over
Let’s talk about the chart patterns of some key stocks, including Walmart, which is starting to look like Microsoft stock from last November.
Back in Overbought Territory
The S&P Short Range Oscillator is back into overbought territory at 0.74 vs. -0.71.
Position: Short SPY (M), QQQ (M)
Early Wednesday Morning Trading (4:05 AM)
Added to index shorts:
* $SPY $752.01
* $QQQ $733.06
Position: Short SPY (M), QQQ (M)
A Lower High for New Highs?
Today saw a rise in new highs on the NYSE, but there were still about 20% fewer than just two weeks ago.