I like how you feel Digi because I'm still caught the opposite way so it would save my a$$ if that were to happen.

So mainly XLU and XLE? Or do you mean something else? 

SPX - I got a sell cycle showing up on the daily.  Also, the MA ribbon below still showing a very clear green red green pattern (ABC?).  It's super extended for an ABC, but this would be the perfect move to catch the most people offsides, IMO. Even I have been solidly in the "chase the inflation and buy it hand over fist / all hail to the money printer who gives us profits mode."  A rug pull here would leave a lot of people very surprised...maybe an extreme level of people, which is what the market aims to do most of the time. 

I positioned under the "Power Up America" thesis

TLT bumping 200 from under

CPI super interesting now with hot PPI. I have heard whispers of a "good" number incoming (meaning a downside miss). The market will gyrate like a homeless madman if that happens. Money printing likely wins out in the end, but it could get wild. 

ES they just ran those equal highs 

Extremely interesting.  Thank you. 

Internals are very positive.  Crazy spike on Google demonstration has calmed down a bit but still very solid.

I think people are starting to realize that all is this is good for like 10 - 15 companies...and they are at war with each other. All the little players and the Adobe's are like, like uh oh. How are we going to compete and/or survive? At the end of the day, how will AI cause consumers to either buy more or pay more for things (or both) and what will those things be?  If you're not planning to cut out humans in the workflow when you're investing 40K per chipset, how is the investment going to pay off?  The problem is that we need humans with paychecks to be buying the stuff we produce with AI.  There's a big "ooops" lurking out there. 

A few people have been interested, so here's the link to the IBKR / Python / TA demo:

https://www.youtube.com/watch?v=H7E3RYQvRsM

AI released into the wild without guardrails and we got an almost instantaneous war for dominance in the industry. I don't think they probably want to destroy ADBE by moving so quickly.... but the no guardrail environment doesn't give them much choice if they want to survive. Elon warned us but we jumped in blind anyway.

FCX

ADBE - just cratered!

GOOG just announced large increase in AI prompt size. 2 million tokens. The larger it gets the closer we are for consumers to be able to drop in say the code and all historical data for their websites and then prompt on top (essentially very easy custom LLMs) but there are lots of benefits to increasing prompt size. 

It's interesting to see The AI wars heat up in the developers lifting guardrails that they probably really don't want to lift so quickly simply for product cycle reasons. I mean, technology moves much quicker in Asia because they don't throttle it like the US does for product cycle reasons. For example, backup sonar has been mandatory in Singapore for way over a decade now. It's still a premium feature in the United States. Product cycles.

lol

Just in a range - as far as meme outlook you'd have to check with Roaring Kitty

The new GPT-4o  ability to analyze stock charts is insane. Just watched a demo where it analysed charts and it was basically online flawless. The real jaw dropper was when he dropped in a screenshot of FinViz heat map for analysis. It picked up insights from the tiny parts of the maps that are hard for humans to pick up...and of course it was insightful and nearly instantaneous .

He is using a basic python framework linked to the the ibkr API with a call out to GPT so when he clicks on a ticker in a list, not only does it give a chart but it automatically gives real time technical analysis for the time frame in question.

At the end, he kind of admits that his whole mission to teach people the basics of coding and how to link it to trading platforms is quickly being overtaken by AI. He admitted that in a very short period of time, it's likely that all the functionality will be on your desktop without needing to create a framework in the background to enable it. If the AI can see your screen, it can deliver the same functionality. And now it can see your screen so....

TSM - Chart Link

CVNA

Steve - any thoughts on CVNA ? given the meme mania and backdrop of "good earnings" recently ?

CNQ - Chart Link