Wow, the gap is actually much larger from the perspective of the volume profile...

In the Navy we joke about the Filipino mafia running HR (actually called the personnel dept...but same same). Sounds like Boeing has the Gambino family running their HR. Filipinos are the best people on the planet, but I bet the Gambinos are a hell of a lot more efficient! 

Another Boeing whistleblower dies of sudden illness...under 50.

https://x.com/LynAldenContact/status/1786153098848653451

These posts probably confuse some people. I personally was still considering that it could be a wave 4 of 5 of some sort (which appears more plausible now)

NFP - not sure why people still pay attention to or trust this number.  They allow counting illegal immigrants as new hires but don't allow counting them on the reduction side or in the unemployed and/or laid off numbers. To say it's rigged is kind of an understatement. Silly. 

SPX - messy chart but if we take out this range the move measures up to about 5200, roughly coincides with a touch of the broken channel and would be relatively close to the 78.6 fib (still slightly below it). Of course, this would blow out most peoples favored EW counts going into today, but that happens (especially when lots of money being printed).  If we don't go any higher, it's an H&S pattern. In a normal world I would think this is more likely....but we're in an election year and the Treasury just told us they are increasing debt issuance by 40 on a 200 base and printing more money for a massive buyback - it's not a normal world.

*Broken channel in the middle is the flash crash from Israel / Iran that most won't see on their charts unless using OANDA. 

It's one of the easiest fundamental shorts on the board....but it has been for years now. I have made money short on it, but it's always tough with a cult stock like this.  But there aren't a lot of more obvious shorts, so I have done it anyway at times (like tomorrow if this pop holds).

Maybe get Siri to work first if you want to say you're going big in AI??

Ha! Karen Finerman agrees with me that the buyback makes no sense and is not accretive in a 5% world. 

Of course CNBC is screaming APPLE BEAT!  But wow, overall Iphone sales down 10.5%!  (what they say outloud is that sales are up in China).

I hope it stays elevated until the open tomorrow. I'm going to buy some puts (if it holds). 

That just means they have no good uses for cash to increase future growth. Not exactly a great sign.

That is one way to engineer EPS growth though....buy down the denominator.  Makes more sense when interest rates on cash are near 0%. With rates around 5%, it's a questionable strategy. 

This screen provided some great trades today (my favorite factor is PEG).

Check out META in AH hours though - someone just pulled the plug? 

Apple beat by less than 1%...if I'm reading it right. Lol. It's pretty amazing they can get that close. Seems like a rounding error.

Confirmed. The beats on bottom and top line were by about the thinnest margins possible. It's like US unemployment numbers reported this morning....when they come in right on target time after time after time you kinda start scratching your head. 

I like how you put BB's on your RSI.  Kinda does the trendline thing automatically and you could set alerts on a cross of the midpoint (alerts on indicators on indicators...I'm gonna try it).

I heard in the background today that Trump said something about "naked short sellers" and maybe that was causing the dash for trash in GME and AMC?  Not confirmed...just something they mentioned on the YT show I have on in the background. 

I sold calls on it in one account because of massive unrealized gains.  I shorted it in other accounts because of 31 PE and mediocre growth to support a multiple like that (and also because the STS got hit yesterday and this seemed like maybe just a death wiggle today).

It's priced like a mega cap tech stock! 

WMT - what are you thinking on this one?  Perfect short opportunity on 1st pullback after break?  Or an STS trap play / false breakdown that triggered on the close yesterday? 

INDA uptrend today is basically a straight line.  

My AI pattern finder tool thingy just picked out an ascending wedge with 5 touches on the 2m so I wouldn't touch it right here, but maybe it's going to give a buy opportunity down around $52.85.   Breakout area on longer term charts is 52.61, so I'm probably just being too picky.  Also a demark 9 on the 78 and those tend to work out pretty well in the short term. 

Here goes AMC. The dash for trash is heating up!

The Treasury essentially promised to print a crap ton of dollars yesterday for buybacks to dilute the dollar and strengthen Asian currencies...so I'm not surprised to see asset prices in USD get squirrely to the upside.  It could build and get crazy again - I almost always underestimate the power of money printing to inflate asset prices.