©
2026
Our iBullyBear Mentoring account once again hit a new all-time Net Liq high today on strength in CRWD, MU, DELL, AVL and NVDA on Thursday. If you are not employing a systematic approach to decision-making in the face of uncertainty and you want to improve your skills contact us through the iBullyBear link above.
SPX +56.99, 7,501, opened
higher on the first day of the US/China Summit and reached a new all-time
high. Breadth strengthened as advancers led on both the NYSE and
NASDAQ exchanges.
Victor Sperandeo
who was highlighted in Schwager’s The New Market Wizards book, wrote: “Many
people make the mistake of thinking that market behavior is truly
predictable. Nonsense. Trading in the markets is an odds game,
and the object is to always keep the odds in your favor.”
In my 40+ years
of experience in financial markets, I’ve seen no one that has proven they know
the future. People can guess, but that
is not knowing the future. Guessing and
knowing are NOT the same thing.
The technical
reality is that the broad market is in a seven-week uptrend. It is in an uptrend because there is more
institutional buying than selling. Will
this uptrend end someday in the future.
Highly probable. Why? Because every broad market uptrend in the
past was followed by an end to the uptrend.
No one knows when
it will end. If you don’t want to take risk
now. Go to cash. If the uptrend continues you won’t receive
any reward because you don’t want to take any risk. That is okay.
If you do want to
earn the potential reward of an uptrend, you must be willing to take the risk. The saying is “No risk, No reward.” That is accurate. Stock/equity investments carry risk. You can manage risk, intelligently, but you
can’t avoid risk if you want the potential rewards. Just decide if you
can take the risk. If you can,
fine. If you can’t or don’t want to,
fine. Just decide.
Stop your time listening to people who are
guessing about the future but pretending they know. They don’t. They never will.
SPX
advancers: CSCO JBHT
APP TTWO F HPE APTV AVGO HOOD J ODFL.
SPX
decliners: BIIB QCOM
CBRE JKHY ALB BA SNDK INTC OMC PSKY MU.
Earnings season
is winding down this week with only 10 SPX companies
reporting. Next week retail stocks HD,
TGT, TJX, WMT and ROST report.
NVDA +9.91, +4.39%, a new all-time
closing high on 180.78 million shares, EPS on May 20 AMC.
MU -27.62, -3.44%, pause,
pull-back day.
SPY +0.79%, white
candle all-time closing high on below average volume of 45.3
million shares.
VIX -0.61, 17.26,
NDX +0.73% an all-time closing high.
DJI, 50,063, +0.75% nearing
horizontal breakout at resistance.
Mega caps AVGO, TSM, NVDA, MSFT, WMT, META rose and APPL, BRK/B, GOOGL, TSLA, AMZN fell on Thursday.
Up: SPY, DIA, QQQ, IWM,
Down:
The SPY
MFC green line is flat
at 98.6,
price-action is short-term bullish. +0.6
Seven
of eleven
sectors (76.6%) were higher on Thursday led by XLK, XLE and XLF.
55
of 100
NDX stocks closed higher on Thursday.
52 NDX stocks are above their 30
DMA: MRVL, ARM, AMD, CSX,
FAST, AMZN, INTC, KLAC, MPWR, STX, WDC, CSCO, ADI, MCHP, TXN, AMAT, AVGO,
GOOGL, LRCX, AAPL, MU, NVDA, NXPI, SBUX, MNST, CDNS, QCOM, SNPS, MSFT, MSTR,
TTWO, APP, DDOG, PANW, CRWD, FTNT, KDP, TSLA, KHC, MDLZ, ADP, MDB, ZS, ASML,
FER, BKR, FANG, LIN, VRTX, COST,
NDX Stocks to Watch on Friday
Moving Above 30 DMA = 0
Moving Below 30 DMA = 1
WBD,
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