rainkingwordpress

As we discuss in yesterday’s Focus List video and Friday’s GMU, a complete breakdown in Technology could bring a swift decline for markets. No one was spared today as IWM -1.2%, MDY -1.4% joined the tech heavy Nasdaq gapping down at the open/closing -2.4%. QQQ -1.3% also gapped down, approx. -1.3% below a now declining 50d […]

Today’s action had Advancers leading Decliners 1.7 to 1 which is good breath BUT a closer examination reveals the Sectors that were leading the move were Defensive and Inflationary in tone. XLE +2.3% EnergyXOP +1.7% Oil ExplorationXLV +0.7% (Healthcare)XLP +1.4% (Staples)…..+7.5% gain in past 5 days XLK -1.2% TechnologyIGV -2.2% SoftwareSMH -0.8% SemisHACK -0.6% Cybersecurity

Interesting start to the week: The Nasdaq +.26% and Small Caps +.5% led the session. Net New Highs on both NYSE and Nasdaq were both strong signaling good breath with NYSE Advancers leading decliners 1.4 to 1. Only fly in ointment was the XLP (Defensive Consumer Staples) which in last three sessions has risen +2.4%,

The first full week back in the saddle and Institutional Traders took us on a roller coaster.The QQQs (+.8%) and Tech (XLK +.2%) continue to underperform while the strength was in Small Caps (IWM +1.6%), Midcaps (MDY +1.3%). Proxies for “risk on” revealed Bitcoin rallied +2.6% and also noteworthy ARKK ETF was +3.9%, both recovering

Couple members have asked why are there so many names on the Focus List is Market Conditions are “mixed” right now.  The current GMU has a range of 35%- 40% exposure As detailed in last Focus List Video, these are trade ideas and not a “copycat” portfolio.     Consider them a ” basket of ideas”

It has been busy time so far in this shortened trading week. All the ideas on the Focus List triggered new positions in NTRA, MU, RKT and a second buy in GE. Our focus on the High RS Fiber Optics and Storage Stocks as the next leaders to possibly move this market higher are showing

All’s well that ends well…. Market is hovering near highs waiting for the Fed Comments tomorrow…. Doves say there jobs growth is slowing, layoff are picking up and labor market is fragile while hawks say inflation is above the target, and could re-ignite higher inflation which we has taken two years to kill. All that

Market rallied and gapped up today after the undercut and rally of the Oct 10 Lows with support arriving Friday at the 100d MA. We discussed the huge Short ETF positioning in the Focus List Video yesterday and potential for a sharp rally. The SP 500 exhibited ‘FTD type’ behavior showing good accumulation but the

After Hours NVDA Earnings beat on top & bottom lines with strong forward guidance led by “Blackwell chip sales off the charts” per Jenson Huang. He reaffirmed that the AI Industry and adoption is in “early innings”. Hyperscalers (NBIS CRWV ORCL), Storage (SNDK STX MU WDC) Fiber Optics(LITE CIEN) responded and were all up after

When the strongest relative strength stocks cannot hold gains from the morning and the market is not acting right, there is really nothing left to do………..but get out of the way.   Hence, the quick closing of the two trigger trades today, VIAV, LYFT. SCHW was stopped out. I have pulled off the other Focus List