SMCI daily   watching

Wow, retail sales not good again. I don't think this really affects the AI overlord trade so much. They're in full-on battle mode and likely will be for I'd say a couple years at least. Most of them get their revenues from businesses and especially the government, so they're not as sensitive to this number.

This supports what I was saying yesterday about demand not necessarily being the reason for some of the commodity rallies we're seeing (Gold yes, Copper no)

Mostly inline. Inflation still pumping enough to hold up revenues. Didn't miss by more than .1 so option 2 is in play and we're likely bullish.

USA Retail Sales (MoM) For April 0.0% Vs 0.4% Est.; 0.6% Prior

Core CPI (YoY) (Apr) +3.6% vs +3.6% Est.

Core CPI (MoM) (Apr) +0.3% vs +0.3% Est.

USA CPI (YoY) For April 3.4% Vs 3.4% Est.; 3.5% Prior

USA CPI (MoM) For April 0.3% Vs $0.4% Est.; 0.4% PRior

NY Empire State Manufacturing Index (May) -15.6 vs -9.9 Est.

SDIV been moving up nicely

MP weekly log chart, if price holds up by the end the week, this would be a nice bullish close relative to the long term downtrend line 

oh my, check the wording on the right

yep and thanks for posting that! I receive emails now and then from folks saying: how can I trade the ES systems signals, I don't trade trade futures. I always tell them, you don't have to, just substitute ETF's in place 

I took the long using SPY as not setup for futures, put stop at 522.45, I see previous high at 524.61 which is just 1.4 points away from the close today.  

Any thoughts?   Stop too tight?   My entry was 520.65

Boot Barn!?

Tuesday Newsletter

LUNMF weekly - Lundin Mining

It might have more tailwinds over time, too. Also a part of the Power Up America basket

SILV—-announced solid earnings, decent beat. Up a little AH

XRT - Chart Link - anyone want to guess the top holding currently in XRT?

I bet Kitty knows

AI is not biased. Sure. Ask it to generate this and watch what happens:

Janet yellen in WWII style patriotic poster with money printer and caption reading "Can't stop. Won't stop. Saving democracy 1 trillion at a time"

I used CoPilot so of course I'm going to get all the lefty filters for "intelligence" born and raised in the Bay Area. 

MP - Had it on my weekend scan, but after yesterday candle ... i thought this was a dud ...  wow ... I was wrong ... lol ....