Thursday, June 21, 2018

Stock Market's Allowed A Down Day?

The stock market's been down this week and I'm here to say, that's ok. Markets are allowed down days and even down weeks.

Let's not lose sight that the NASDAQ, thanks to tech fundamentals has been breaking out to new high after new high.

Trade war fears need to be respected but we have a game-plan for that. Let's review.

Wednesday, June 20, 2018

So Far Trade War Touches Tech Less

So far a majority of the products listed by the US and China have been in the agriculture and industrial segments. Officially, the war hasn't centered on tech. Not yet.

Another consideration is much of production for major tech companies happens outside the US and China.

While a trade war would raise prices and potentially slow end demand, so far, tech could get hit less.

Tuesday, June 19, 2018

What FANG Stock Did Not Break Out... Yet?

Facebook, Amazon, and Netflix all broke out to new highs this year. But there's a G in FANG. Google will most likely be next to break out to new highs. We think there is enough fundamental reason to do it as we'll explain.

Monday, June 18, 2018

Tesla Shorts Didn't Budge: Bullish

Elon Musk is single handedly running over the shorts. We wrote two weeks ago we had no idea how the shorts stay short. Musk let go of one his more powerful short body-blow-tweets yesterday sending bears reeling. I have no idea how much more punishment the shorts can take. We think the stock's going much higher as we've been talking about.

Sunday, June 17, 2018

Early Stages Of A Tech Boom

We've been calling for a tech boom for a while. We're busy each day speaking to tech company management teams to figure out who has the best earnings potential for the year.

But when we take a step back the collage starts to form a picture.

We're likely getting confirmation that we're in the early stages of a  potential multi-year tech boom.

Saturday, June 16, 2018

Stock Market Shrugs Off Bad Trade News... Again

Have you noticed every time we have trade war and other bad news the market shrugs it off? Ever wonder why or what's it mean? We've been pointing out this phenomena for a month or so.  It tells you this market has something very strong underlying and we'll tell you what we think it is.

Friday, June 15, 2018

Citron's Netflix Report Left One Word Out

Citron Research, who has had some strong calls in the past has again gone after Netflix (NASDAQ:NFLX). We need to pay attention but we think he's missing one key word; earnings.

He cited increased competition coming from AT&T and Time Warner and listed many drivers that could tumble Netflix.

Thursday, June 14, 2018

Apple New Highs But Not Their Suppliers

Can Apple (NASDAQ:AAPL) do well while their suppliers suffer? The answer is yes for two reasons. For one Apple's inventories are up big year-over-year and two Apple's bringing some production in-house.

So the normal trade of buying the suppliers on the cheap because Apple's doing well may not be as clear as in the past.

Wednesday, June 13, 2018

Stock Market Waiting For 2 PM To Spring Higher

The market has had so much good news but it's been on pause waiting for today's Fed decision.

The stock market stopped going down on bad news, has been going up on good news and so now sits like a coiled spring waiting for "nothing bad" at 2 PM.

Tuesday, June 12, 2018

Intel Discusses Giving Up Market Share To AMD

One of AMD's main drivers for the back half is the company's planned EPYC server growth. If this analyst's conversation with Intel's CEO was correct Intel admitted to giving up more market share than AMD guided they'd take. Tell me that's not huge.

Monday, June 11, 2018

AMD NVIDIA Still Good With Soft Crypto

If you remember AMD and NVIDIA were trounced ahead of their last earnings reports.  Investors were concerned that weak crypto mining would hurt sales. They were of course wrong.

We were bullish on both companies anyway but when we saw TSMC come out bullish on crypto twice ahead of earnings it gave us even more conviction.

Sunday, June 10, 2018

Fed Meeting Wednesday: Something Exciting

The Fed meets Tuesday and Wednesday and I'm getting bullish. The Fed is almost at their target for Fed Funds for the year and there are multiple hints that they could hold off further tightening until maybe year end, as we'll explain.

Saturday, June 9, 2018

Bullish Stock Market Action Around G-7

The news is one thing but how stocks react is more telling. You had a crossfire of G-7 trade threats premarket Friday. Even after a down open the S&P 500 SPY ETF managed to close higher.

The market time and time again is telling you it wants to go higher. It's eating up many trade scares and other 'bad news' and has managed to rise anyway.

Friday, June 8, 2018

Nobody Wants A Trade War

The stock market is down premarket thanks to a crossfire of tariff threats ahead of the g-7 meeting today.  The US announced tariffs and the receiving countries responded.

If anybody's ever noticed this is President Trump's modus operendi.  He announces hard initial strikes but follows with ingratiated, softer negotiations.

Thursday, June 7, 2018

Tesla: No Idea How Shorts Stay Short

Tesla told you they are gunning for a profit in Q3 and Q4, which would be huge. Tesla just told you that their key metric, weekly production of Model 3s is on target. If you're short, how in your right mind do you say 'la di da, no biggie, it's going down.'

That makes no sense. These shorts are going to get smoked.

Stock Market: Two Events Today Prelude To A Bull Run

In a small 24-hour period the US sealed a deal with ZTE and its reported China's close to approving the Qualcomm-NXP deal.

The two events in such close proximity could mean both the US and China are quickly negotiating behind the scenes to strike a trade deal. That has implications for next week.

Wednesday, June 6, 2018

AMD New Highs?

AMD hit a new high today touching 15.68 which was its highest price since July 2007. A close above 15.65 would be a near term breakout telling you it can go much higher.

There are many headlines trying to attribute a reason to AMD's strength but there's only one main driver...

Tuesday, June 5, 2018

ZTE: A Hint To Easing Trade Tensions

ZTE US
US - China trade negotiations included both sides playing hardball with companies caught in the crossfire. China raided Micron offices and the US banned trade with ZTE. It was just reported that tensions may be about to thaw once again.

Monday, June 4, 2018

NASDAQ New Highs, Who's Next?

NASDAQ just hit an all-time high today. As you know we've been calling for a tech stock rally (here here here) driven by strong Q1 earnings. We're headed into Q2 and we're about to figure out what's in store for the upcoming earnings season.

But with NASDAQ hitting new highs you have to ask who's next.

Sunday, June 3, 2018

FANG Stocks Continue To Lead The Market Higher

fang stock chart
How pretty is that chart?

The Fang Stock Index continues to make new highs. Now each Facebook, Amazon, Netflix and Google are up year-to-date and all pushed the average higher this week.

Tell me that chart doesn't look like a straight line.

Here's what it means for stocks.

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