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Earnings continue, but CPI has taken center stage…
With inflation stubbornly hanging on, major indexes sold off almost 2% before recovering slightly.
Key points you can’t miss on this week’s 30 Minutes of Awesome: | | • | | @ 4:24 – (S5FI) The percentage of S&P 500 stocks propping up this rally keeps shrinking… and a narrow rally means an unhealthy market. Beware!
| | | • | | @ 5:55 – SMCI shrugged off the CPI report and pushed higher today. But if you think that’s a sign of strength, you have another thing coming → Jeffry warns: “This is gonna end so poorly.“
| | | • | | @ 6:10 – (NVDA) Speaking of irrationally exuberant stocks, if you missed NVDA’s amazing bull run, don’t get FOMO (fear of missing out) now… The juice is gone.
| | | • | | @ 16:22 – Nasdaq: So far the pullback is just an echo of prior moves. This puts us on track to hit the 18,400 target Jeffry’s had on his chart a while now
| | | • | | @ 17:25 – Russell 2000 (IWM) – That was NOT an echo. That one reversed hard. “A big red candle right off the resistance… “ Tune in for upside bounce, then several downside targets!
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Plus plenty more… ARM, AirBNB (ABNB), Zillow (Z), Harley Davidson (HOG), US Steel (X), Zoom (ZM), Avis (CAR), Domino’s Pizza (DPZ)
— Jeffry Turnmire
P.S. If you didn’t catch the show live, be sure to subscribe to Jeffry’s YouTube channel so you can get notified he’s LIVE — and he’ll analyze your stocks on the air next time.
*This is for informational and educational purposes only. There is inherent risk in trading; trade at your own risk.
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