©
2026
Our
iBullyBear Mentoring
account maintained its’ Net Liq high
on strength in LITE, NET, SPCX, NVDA and other gainers on Monday.
Improve trading results by employing a
systematic approach to decision-making in the face of uncertainty. If you want to improve your skills contact
us through the iBullyBear link above.
If you are a trading
decision maker, in the face of uncertainty, on the hard right edge of the chart,
financial media is for entertainment.
Entertainment. It is for entertainment.
Nassim Taleb
stated it this way, “I will say here that such respect for the time honored
provides arguments to rule out any commerce with the babbling modern
journalist and implies a minimal exposure to the media as a guiding
principle for someone involved in decision-making under uncertainty.
If there is anything
better than noise in the mass of ‘urgent’ news pounding
us, it would be like a needle in a haystack. People do not realize that the
media is paid to get your attention.”
Taleb, Nassim Nicholas, Fooled By Randomness, 2001, p. 52-53,
Did you catch
those key phrases like:
“rule out
any commerce with,”
“minimal
exposure to the media,”
“if there is anything
better than noise,” … “it would be like a needle in a haystack,”
“the media is paid
to get your attention”?
If you get what
Nassim Taleb is saying, you should recognize the financial media is
entertainment. It is not a source for
financial decision making. Who would transfer
serious financial decision making to someone who is not even aware of their
situation? Certainly, a journalist who
is in the business of entertainment to get your attention would qualify as
someone who is not aware of the listeners’ situation.
SPX +51.23, 7,773 opened higher, and closed at its third
highest close, only exceeded by Aug 13 – 14, 2026. Breadth remained positive as decliners led on
the NYSE and the advancers led on the NASDAQ exchange. The SPX since August 4th has been in a
sideways consolidation pattern.
The NDX made
a new high after breaking out of June resistance on Friday.
RUT 2,847 rose +14.24,
continuing Friday’s bounce.
Oil /CL
fell -1.96
and closed at 89.30.
SPX
advancers: PTC ILMN CRL MRNA WDC APP GPN NUE ADSK STX FICO.
SPX
decliners: CHRW LEN CMG BMY DOC MRK VTR ARE GLW INTC UAL.
SPY +5.19, +0.67%, above
average volume of 44.8 million shares, third highest close.
VIX +0.21, 15.52 rose, but fell from the open.
NDX +0.87% closed at an all-time high.
Up: QQQ, SPY, IWM, DIA,
Down:
Mega caps TSM, TSLA, NVDA, AVGO, META, MSFT, GOOGL, BRK/B, LLY rose,
and AMZN, AAPL, AMD, MU fell on Monday.
SPCX closed at 171.09, +12.13, volume of 134.7 million shares. Our view is
that SPCX, with no earnings, remains an overvalued speculation.
IPO at 135 on June 12. In the end if
buyers are greater than sellers the stock will rise. People seem to be willing to speculate on
this company’s long-term fundamental future.
Positive comments in news from Morgan Stanley.
The SPY
MFC green line is
up at 66.3,
price-action on Monday, continued to
bounce and is short-term bullish. +7.7.
Ten
of eleven
sectors were higher on Monday, XLK +0.56%.
61
of 100
NDX stocks closed higher on Monday.
48 NDX stocks are above their 30
DMA: MSTR, QCOM, AAPL, META,
AMD, INTC, CRWD, FTNT, PANW, ISRG, LITE, MRVL, PLTR, MU, NXPI, SNDK, ADI, ALAB,
NBIS, NVDA, TER, TXN, DDOG, MPWR, MSFT, RKLB, WBD, ASML, MAR, KLAC, LRCX, MCHP,
SNPS, AMAT, CDNS, SPCX, CRWV, HON, FAST, COST, CSCO, GOOGL, LIN, TSLA, AVGO,
IDXX, MELI, STX,
NDX Stocks to Watch on Tuesday
Moving Above 30 DMA = 4
AVGO, IDXX, MELI, STX,
Moving Below 30 DMA = 0
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