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2026
Our
iBullyBear Mentoring
account achieved a new all-time Net Liq high
on strength in MU, AMUU, LITE, AMAT and other gainers on Friday.
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? Then financial media is for entertainment.
Entertainment. It is for entertainment.
Nasim 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.”
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
Nasim Taleb is saying, you should recognize 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 +56.27, 7,722 opened higher, as the futures market rose after
the Jobs Report came in at 29K versus 85K consensus. Breadth improved as advancers led on both the
NYSE and the NASDAQ exchanges.
The NDX broke out of June resistance to new all-time closing high. The SPX since August 4th has been in a
sideways consolidation pattern.
RUT 2,832 rose +26.27,
a move above the high of the low day.
Oil /CL
rose -1.65
and closed at 91.26.
SPX
advancers: TER HPE ECHO ON COHR NTAP TSLA URI P TXN GNRC.
SPX
decliners: WDC STX ACN CTVA APP FDS IT CTSH SNDK NKE LDOS.
SPY +5.65, +0.74%, above
average volume of 46.3 million shares, close above the high of the low day.
VIX -1.08, 15.31 fell.
NDX +1.00% price closed above its June high, also at an
all-time high.
DJI, 51,176 +0.49%, closed
above the high of the low day.
Up: QQQ, IWM, SPY, DIA,
Down:
Mega caps TSLA, AVGO, TSM, AMD, GOOGL, NVDA, AMZN, AAPL, MSFT,
BRK/B, META rose, and LLY, MU fell on
Friday.
SPCX closed at 158.96, +10.89, volume of 119.5 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.
The SPY
MFC green line turned
up at 58.6,
price-action on Friday is a close above
the high of the low day bounce and is short-term
bullish. +1.0.
Ten
of eleven
sectors were higher on Friday. XLK
+1.01%.
58
of 100
NDX stocks closed higher on Friday.
44 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,
NDX Stocks to Watch on Monday
Moving Above 30 DMA = 5
COST, CSCO, GOOGL, LIN, TSLA,
Moving Below 30 DMA = 3
ROST,
STX, WDC,
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