Two Stocks Sitting At 52-Week Lows
Yo Pit Crazies, The Dow closed above 54,000 for the first time ever and the S&P 500 printed a fresh record. So why am I shopping the 52-week low bin? Because that is where the mispricing hides. When capital chases records, the names left behind are either broken or forgotten. Those are two very different […]
Three Waves, 320,000 Accounts, One Low
Hi Traders, One month ago I called a top in semiconductors. This week I'm calling the low. On June 25 my one to leave was NXP Semiconductors (NXPI), and the whole chip complex looked finished. This has nothing to do with a chart pattern. Three waves of selling did it, and each one was more […]
Robinhood Printed A Record Quarter and Fell
Hi Traders, July went out with a bang and a slap. Amazon ripped 15 percent on Friday, its biggest one-day move in more than a decade. Apple dropped 7.2 percent after soft China and Services numbers. Both of those live inside the same index. So this week, I've got one to love and one to […]
Three Basis Points Is Lying to You
[Ed. Note: Hey it’s your only option, Mark Sebastion. Today, I want to introduce someone. Garrett Baldwin runs I'd Trade That, the show that airs right ahead of State of the Market.Garrett found something that most traders are misreading. Tap this link to join him live every morning.] Traders, Fed funds futures for July show […]
One Storage Name Sold Out Through 2029
Hey Income traders, Look, the AI trade has split into two piles and most people can't tell them apart. One gets paid when everybody else spends. The other is doing the spending. I called Western Digital (WDC) on the Ticker Highlight Show at $70 last year. It's up roughly sevenfold since, and I'm not finished […]
Two Beats, Two Crashes, One Number
Good morning everybody. Good afternoon to my friends on the East Coast. Alphabet (GOOGL) and Tesla (TSLA) both beat on revenue Wednesday night. Both stocks got taken apart anyway. Alphabet finished Thursday down almost seven percent, Tesla down 14. Revenue was never the problem. Both companies posted negative free cash flow. Free cash flow is […]
Two Months Down, One Doji Later
Hi Traders, The world's biggest retailer has spent two months bleeding. Walmart (WMT) peaked near $135 on May 19 and has slid about 18 percent since, while the S&P 500 sat near records. Then last week the selling stopped. I spy with my little eye a possible change in trend doji on the WMT chart: […]
Vegas is losing its whales
Yo Pit Crazies, Three weeks into the end of the ceasefire in the Iran Conflict, and traders are wondering when it will end. My guess is there is no end, just waiting until the USA takes over the Strait of Hormuz. So far the prediction is holding up. That uncertainty is creating some deep bargains. […]
The Chip Trade Is Getting Heavy
Hi Traders, Two charts are telling the same story from opposite ends this week. One just lost a floor it bounced off of several times. The other is pressing on a ceiling it hasn't cleared in months. One makes the chips inside most laptops. The other makes bleach and cat litter. Semis have been getting […]
The Building AI Cannot Copy
Hey Traders, Okay, the entire AI trade has one thing in common: Every asset in it can be copied, undercut, or open-sourced by somebody in Shenzhen next quarter. You cannot open-source a building full of 85-year-olds. That's this week in one line. One name owns something nobody can print more of. The other borrowed $35 […]