TOM LEE SAYS "THE STOCK MARKET IS GOING TO ULTIMATELY..." (07/27) Technical Analysis by Blue Cloud

Blue cloud trading [singing] through the night. >> Welcome [music] back to the channel everyone. In just a second, I'm going to play a few CNBC clips from today's episode of the halftime report. I'm going to pull up the charts and dive into the technicals of some of the mentioned stocks. We're going to look at the key support, resistance levels, momentum, and see if the price action actually backs up what the talking heads are saying. Hit that like button. Subscribe if you haven't already and let's roll the tape on the first clip. >> It is a big week for your money and it's starting out though with a bit of a whimper. Welcome to Power Lunch everybody. This week the busiest week for earnings. Also a big test for the tech trade. There we go. As four meggaap companies show off their numbers. We'll tell them how many billions they're spending on AI. Tom Lee is here on that and more. Plus oil down as the US and Iran pause more strikes at least for now. Goldman Sachs Neil Meta is here with stock picks through all of it. >> And the data center reached that just raised its fullear guidance coming off its best week in nearly four years and partnering with Nvidia, Amazon and Microsoft. Alphabet, [music] I'm sorry, and Alphabet I should say. Digital realy CEO Andrew Power is here exclusively. Looking forward to that. But let's begin with this big week. As more than $10 trillion dollars in market value are set to report earnings. That includes Meta, Microsoft, Apple, and Amazon. Investors aren't just watching the main numbers. They're also listening for any change in AI spending plans. And that's just the start. The Fed kicks off its two-day meeting ahead of Wednesday's rate decision. Policy makers are widely expected to be steady, but the odds of a hike have climbed to about 1 in three, 33%, up from just 16% a week ago. Joining us now, Fundstrat's head of research, Tom Lee. He's also the chairman of Bitmine and a CNBC contributor. Tom, welcome. Would you uh take that prediction market bet, so to speak? What do you Is there any real chance the Fed hikes rates this year, this week? >> Uh, I I think that, you know, the prediction markets and funds want to hedge on a binary event. That's why you got the 30%, because someone needs to hedge something, >> but I'd say the probability is is low. I mean, I wouldn't expect them to raise rates. What about it at any point in the future? >> Uh, as you know, they're going to see how the data unfolds. I don't think it's data dependence, but uh data responsiveness. Um, to us, I think the underlying inflation story has really weakened cuz shelter is really weak and we'll see it tomorrow with K. Schiller. And if wages aren't pressure, then the the real pipeline of underlying inflation that we're seeing now is just tariffs and oil, which aren't things the Fed has to necessarily embark on a a hiking cycle for >> potentially. I don't want to use the bad word of transitory. They're potentially temporary right? >> Yes. And >> oil is down right now because there's some talks. And by the way, tomorrow could be up again. We have no idea what's going to happen. Depends on the talks. But the point is, if and when there is lasting sort of peace, oil will likely go back down. The market seems to want to push it back down. That's got to impact the Fed's thinking. >> Yeah. Because then they just have to see this little bubble that they have to kind of manage through. I mean, I think in some ways they might just shrink the balance sheet instead of doing a policy rate change. >> A quantitative tightening. >> Correct. Yeah. I think that's a better way to titrate. What they might say is like, hey, let's try to put some pressure on uh growth, but not to deliberately slow the economy. >> Is that any kind of thing that can really upset the stock market? >> Uh, [sighs] you know, the the stock market's going to ultimately see see the idea that, hey, the Fed shrinks the balance sheet and then that means they can cut rates and so then they'll see the rate cuts as as actually positive. So, I I think it's going to pave the way for future rate cuts actually. So if the Fed is not the number one most important thing for the equity markets right now, what is? Well, I I think that there the AI trade remains the still the most important story and people of course are having longevity doubts but you know if someone goes back to 94 to 2000 there were many times when the internet story and even stocks like Cisco uh came under question whether there was durability and I think we're in that questioning its durability at this moment uh but I think it's still in very good shape and I think the second big story out there is that margin debt is still needs to work off that high level of growth just like what happened in Korea which had a sort of a margin call and I think that's why stocks are stalling here but to me I think AI still works strongly through your end >> perfect segue we had uh this morning Steve Eisman was on Squawkbox this morning the famed investor here's what he had to say when he was asked the major question of the earning season which is what happens if big tech starts cutting its AI capbacks >> Nvidia I think when they reported last quarter had 85% revenue growth growth. So if the hyperscalers cut it wouldn't be 85%. And you know maybe that would be healthy for the long term but I think the market would go straight down on that news. >> Just curious for your thoughts reaction to that. >> Uh >> and whether you think that's even likely or or discussing at this point versus what Google did was which was raise and still get punished. >> Yeah. Well, um, so on the one level, I'd say, uh, I I think Steve's logic, there's some logic to it, but the fact that many people are saying that is a sign that we're not at a top because people are questioning the longevity of the cycle. Like, so I think that's actually a bullish thing. Uh, the second is, you know, is it probable? I I'd be doubtful that that there would be the cuts because, you know, these these companies still have access to the bond market and the bond market isn't denying them capital. So, >> as you know, um CFOs raise money when they can, not when they need to. >> So, I think the spending visibility is going to be very strong, >> whether it's, you know, even if it's debt funded. You're saying that's just it's another way that they're going to keep investing. And the longer they keep investing, the longer this cycle goes on basically. >> Correct. the days CDS markets deny them capital is when then Steve's comments come into play. >> Well, how would we know? What would be the trigger? We've already seen credit default swaps on Oracle, for example, go up. Oracle's its own and and by the way, they're not high. They're just higher than they were. I want to make that clear. Oracle is its own thing. >> Yeah. >> What else would you watch as kind of a tip off to that? I think if you start to see concessions, so I think that all of these bond raises have had been very overs subscribed because we know there's a lot of cash on the sidelines and these are really good yields and they're offering good return when the bond market is not willing to fund and then you see concessions that's going to be a sign. So it and you'll probably see it in the brokers trading weekly very weak. So I I don't it's not there. almost watch the the brokers stocks as an early potential tell on the AI story cuz I imagine if you wait for the CEO or the CFO of the AI company to say it on the earnings call by then the smart money will have already made the trade. >> Correct. Yes. So the brokers are as you know transaction sensitive. >> I do know that. >> Yeah. Of course you >> you know what else is transaction sensitive Tom? >> Crypto. >> Yes. And what's been happening lately is fascinating. Let's lift up that hood of the stock market. Look under it. Crypto. Ether for example, I think you've heard about that. Ether. >> And Bitcoin, they've been coming up. Semiconductor stocks have been going down. The dispersion between the two is the widest in years if not ever. >> But correlation is not causation. Are those two things related or is it random but interesting? >> Yeah. Uh well, the price of crypto is not following what people expect because they're saying, "Hey, the Fed could be hawkish, so crypto should be down. Um oil prices are high. Crypto should be down." And of course, AI trade is still healthy, but crypto is actually rising. I think that is a sign of a couple things happening. One is that I think the crypto market probably has bottomed. the price ratio of Ethereum to Bitcoin has been going up even though the Clarity Act looks like it's really being stalled. You know that the odds of passage this year have dropped to in the 30% range. >> Can I one more time ask why the Clarity Act needs to be passed? What does it what does it do? >> Yeah, the Clarity Act creates a a national body to govern crypto in the US. So, a singular entity which will be the CFTC. It's a big deal because if you're, as you know, the the big banks and the asset managers are tokenizing assets and want to build stable coin rails. If they have to be subject to state regulations or local regulators, it is going to give a lot of people cold feet. >> But are they for it or they're against it? >> Uh, it's many of the asset managers are for it. Charles Schwab, Franklin Temp Digitality >> because this is a and I forgive me if I don't have my years exactly right. I believe the SEC was created in 1934, I think, is >> this is a 1934 type moment. And the reason the SEC was created is because state regulators, you might have one rule in Indiana and another rule in Virginia and investors like I can't manage both these rules. Bitcoin is having all crypto is having that 1934 type moment. Right. >> Exactly. And in addition, crypto is because it's turning money into software. A lot of things can turn into money, loyalty points, reputation. Then you want a governing body to oversee all this. Now Japan, Russia, Europe are actually passing clarity act like bills. So the US is risking getting behind. That's why I think crypto is recovering because outside the US it's being embraced. Even though you say you actually think look they had what a few legislative days left before for before the midterms. Could this be a lame duck kind of move do you think? >> Uh well I I believe there's still many people who are hopeful that something can be offered. But it does sound like that a lot of concessions were given but that those who oppose the bill still want to extract something else and and so some anything could happen. >> All right >> Tom Lee really appreciate your time as always my friend. Thank you very much. >> Hello everybody. Hey, hope you all had a great weekend. I'm George with BlueCloud Trading. It's Monday, July 27th, and at 6:42 p.m. Eastern time as I'm recording this video. We just saw a clip from uh Power Lunch earlier today and Tom Lee was on. We're going to look at a list of stocks here, 16 stocks and ETFs. They're all mixed up in here. I'm going to share with you the technicals on those and then we'll show another clip or a series of clips from the halftime report and then I'll cover those uh stocks and ETFs, the majority of them. So, let's get started here with Apple. As you can see, it's the only one, by the way, that has a blue flag. So, what is that and why does uh how does a a stock or ETF qualify to get that blue flag that you see right there? Well, it has to meet a few criteria according to this indicator. It's called Ichimoku. Okay. And what you're seeing here is the cloud itself. So, uh, we want price basically to be above these two moving averages. We want price to be above the 9 period, above the 26 period and above the cloud. We want this white line, the chico span or current price that's projected 26 periods into the past to be above the candle 26 periods ago as it is right here. When you have all of that, okay, in the correct order with the green line, for example, above the red line, the single span A, the light color blue line above the purple single span B. That's what we need in order to for this specific stock to show strong uptrend and a lot of bullishness essentially, but not just on the daily chart, which is what we're looking at here, but also on the weekly. So, here's the weekly chart. You see the price here um meets all that criteria and that's why it gets that blue flag. It's the only one by the way of the 16 I'm going to cover here where it meets the criteria on both time frames. Why is that important? Because if you want to look at the overall longer term trend that you always got to start off with the weekly as far as I'm concerned and then you look at the daily for a little bit more you know intraday and uh get a better sense basically of what's happening day by day. And so Apple has been pretty strong. It broke through the on this weekly chart above that 317 uh 40 level. Now that goes back to, you know, back here. Do you see this these candles? And so it was probably around oh yeah, it was around June 12th or so when it reached that level and and declined and then we finally broke through it. And now 3 weeks now we've been above that 31740. And it looks like it's continuing to the upside. We also use the directional movement index which shows the momentum is still strong for Apple. Uh that can be identified by looking at this indicator. The ADX9 which is that white line is moving up while the green line is actually above the red line. That's when you know you have an uptrend. All right. So if it's the opposite typically uh like a decline like you see here, notice how the red line was above the green. You know, you can go back even further uh and we could find right Apple's been doing pretty well overall the majority of the time here. But on the daily chart, we could see a little bit more of that like this this downtrend. And you can see how the red line was above the green. All right, so let's take a look at the rest of these. Amazon here on the daily chart. What does that look like? You know, it's under the cloud and that's bearish. It's under the 200. We have a series of lower highs and lower lows. Okay, so you can see the lower highs there. And we have a lower low here from the prior low. And it looks like it's, you know, going to probably come down and try to retest these areas here. So, Amazon is something I would not be considering. By the way, it doesn't look that pretty on the weekly chart either. It's re-entered the cloud. That's not a good sign when it when price re-enters the cloud. Bitcoin on the weekly chart has been under the cloud for a long time now. Same thing with daily on the daily chart. So, although there has been a little bit of a move up recently, that can be shortlived. We've had those uh situations in the past. If you go back to April, for example, we had moved from these lows here of $9.7 to around 1127. We made a 21% move in a in a matter of about 1.4 months. Now, we, you know, here's the low back here on June 30th. It's moved up about 12.9% in 27 days. It's still under the cloud. It's still under resistance. It's not something that I would be super bullish on right now. I'm talking about Bitcoin. That's the BTO ETF. Here's the weekly chart. Notice how it's also still under the nine period. BMR, what is that? That's Bitmine Immersion Technologies. Tom Lee was appointed chairman of Bitmine Immersion on June 30th of 2025. And let me get rid of some of these lines. There's a lot of lines there. So, looking at that weekly chart, you can see we're still under the 200. We're still under the 26 period and we're still under the cloud. So, no on this one, too. Yes, it has moved up a little bit. It's moved up in fact a lot uh by percentage, right? 39.5% from the low here on July 2nd. The only problem is could this potentially also be a short-lived move? Uh we did see that for example right here where price had moved about 36% and then declined. That was going back to like around February. Okay. So right now technically I'd stay out of this one still. Coinbase on the weekly chart is still under the cloud and it's very bearish still on the daily chart. Yes, it has moved up slightly but not a whole lot recently. Uh CRCL is circle internet group that's also stuck under the cloud under the moving averages here and depressed at this point. I'd stay out of that one personally myself. Uh here's a weekly chart. Okay, just two weeks now. Um after a series of multiple weeks where it's starting to move up slightly. Again, the directional movement index, the red line is above the green line. So, that's a bearish sign. ETH, which is the Ethereum ETF, right? And uh that was another one of the crypto uh currencies that was discussed. Obviously, that's still I mean, let's draw a trend line for a moment. I'm just kind of curious to see if it's still under that level. Take that high right there. You take that second high, draw it all the way across and it actually broke above it. Okay. Okay, so there's been a little bit of a move up. The the problem is the type of candle that's formed here is very bearish. These are called like spinning tops or almost like dogey type candles and they're with the opening and closing price for the week has been very, you know, around the same level and it's still under that 26 period. If you look at the daily chart for Ethereum, it's still inside the cloud. There has been a move, right? So, it has moved up uh from these lows here and we might have actually, you know, created a double bottom down here at 1464 as it broke through this little level, but um it's still under that 200. It's still inside the cloud. Um so, I would hold off still. Uh it hasn't really proven itself yet. Look, people can certainly start trading these on shorter time frames if they choose to. If you want to switch it to like a 2 hour, you're going to get a much better looking chart. Like if I go to two hours right here, you can see obviously it's been moving up, right? And it's in a series of higher highs and higher lows on the 2 hour. But just keep in mind that you're going to have to be a lot more active with monitoring that stock or ETF if you do choose to trade based on these shorter time frames like a 2 hour, a 1 hour, 30 minute. And there's going to be a lot more noise as well where price will basically move up and above up and below the cloud, you know, more times than you would expect. So you you can also use a 4 hour for example if you want it less a little bit less noise but maybe sort of try to get in a little bit sooner but it's really up to you. My personal favorites are the daily and the weekly as you know. All right let's look at Google on the weekly chart. I mean since the highs back here at 407 it's dropped about 19.8% and that wasn't that long ago. It was really just May 22nd and it's dropped almost 20%. And it's still obviously in a decline here. So Google, all right, uh is not something I would be considering at this particular time. Here's a daily chart. GRNY, that's Tom Lee's uh large cap ETF, you know, by Funstrat. Uh that one too obviously is kind of stagnant here. It's holding right above the cloud, but it's under the moving averages. unsuccessful in um getting above this. Well, it got above it for one day there it looks like and then it retreated. So, we might have to change that level. It's no longer really an accurate level to to to monitor. So, let's change that to this high here of 2802. I think that looks like the highest level. Let's fix that. So 2802 is a level that I'd be watching and I think it's going to be more consistent with a weekly level. Yeah. So 2802 is where it needs to get above in my opinion. Let's see. Meta Platforms on the weekly chart is still under the cloud. There's nothing special happening here. It's been sort of stagnant. Daily chart same thing. It's under the 200. Microsoft up 1.94% today. But as you can see, it too is also under the Ichimoku cloud. You know, the reason why it's bearish is because you know what we're looking at here is a essentially a um you know that 200 day is declining still. You know, the seno span a consists of these two is basically takes the midpoint of those two moving averages the 9 and the 26 and projects 26 periods into the future. And the and the purple line is the midpoint of the last 52 periods. So it takes the high the low of each candle, divides it by two and plots it there. So when price is under, you know, that's a bearish that's a bearish signal, especially when the faster um single span A is under the single span B. MSTR, which is um now it's called strategy inc. It used to be Micro Strategy uh is also it was up 7.61% but it's also right onto the 26th period. Uh I you know you you'd be taking a gamble and getting in here because that could be a shortlived situation too. You can see that it's been almost like a bare flag type pattern. Okay, if you guys are familiar with that bare flag pattern, you can look it up on Google. Uh Nvidia is in a downward channel still. Look at that big down candle here today. down 4.99% on the daily chart. So again, nothing good happens when you're inside the cloud here. You need to break through. You need to there needs to be some evidence of a a change in the direction. Uh more buyers and sellers to help push the price further up and that we don't have that right now. We're still in a downward channel. Oil K is also um down 4.83%. Now on the weekly chart, I will say this, it did break above the 9 period and the 26th period. But it's still looking like it's holding up here uh as they try to figure out what's going to happen in the Middle East, right? There's been a little bit of a a stalling in the uh precipitation of uh warfare that's taking place over there right now. So, you know, but who knows, you know, that can all change very very quickly. It can change very quickly. It all depends on what I decide to do. You know what I mean? So, we have to wait and see what happens. But right now oil is dropping down 4.83% today. Oracle is in a still in a downward trend downward decline. So you can see how easy it is. The idea behind this indicator is to Ichimoku just stands for at a glance. So very quickly you can sort of see what's going on uh by using this. You look at to see where price is in relation to these moving averages in the cloud. If it's under just skip it. no reason to be considering uh taking a position in that. And here's why. Because you don't really know exactly where if this is the bottom. You might say, "Oh, it's gotten so cheap. Yeah, you know, from this level 247, you know, it's actually dropped about 52%." But can you are you certain it's going to turn around here? Of course not. And so what we're looking for is a move uh what we need to see is some evidence. Like back here, it did break above the cloud. It was a brief little move here, but it still moved up approximately 39% in just one and a half months, right, before breaking down again. So, all right. So, let's take a look at the next one. Tesla, I mean, that's, you know, just falling apart here. It just dropped last uh week. Remember on Wednesday, July 22nd, I talked about how it broke this 30 33724 level based on these prior lows going back to April 2026. And it's still dropping. It's still dropping. And um that's what happens when price there's no there are no buyers stepping in here and price is going to maybe get even cheaper and cheaper. So why not wait for everything to to sort of materialize as far as the Ichimoku is concerned. It will at some point just like back here where price was dropping under the cloud. At some point it does break back above the cloud and then you can take advantage of that at a more optimal time frame. All right. If you switch it to a weekly chart, you can see Whoops. There's a lot of stuff going on there. Let me get rid of all that so you can see how, you know, positive things happen when price gets above the cloud. When prices inside or under, they can last for years. All right? Like it did back here. We're talking about from 2017, all right, to 2019, price was basically uh just stagnant with Tesla. head was not really moving much. All right, let's go now to the next clip. All right, this is going to be some clips from the halftime report from today's episode and then I'll do some more analysis right after that. Thank you, Carl. Welcome to the halftime report. I'm Mike Sani in [music] for Scott Wapner. Front and center this hour, a critical week for your money as earnings from more than a third of the S&P 500 and a Fed rate decision loom large. We'll discuss and debate with the investment committee. Joining me for the hour, Joe Teranova, Jim Leventhal, Jason Snipe, and Steve Weiss. Uh, thanks for all being here, guys. Thanks very much. Uh, take a look at the markets. Uh, backed off earlier, attempts to rally on a broad-based way. The S&P 500 just below the flatline right around 7,400. NASDAQ source of pressure was leading the way to the upside earlier. Chips have sold off. Really uh, dramatic break in crude prices in response to the apparent deescalation in Iran over the weekend. 10-year Treasury yield modest decline just under 465. Joe, I'll start with you here. This market processes every new bit of information as an excuse to rotate or re unwind the rotation and it's it's apparent again today. Look, we didn't rally in a broad way on the deescalation. So, maybe no surprise we're not, you know, I mean, vice versa, you know, actually, uh, that we didn't actually get, uh, hit very broadly last week on the the reescalation. And so, we're not seeing that the inverse now. However, uh anxiety about AI continues to filter through pressure on semis and a little bit of a short covering bid in software. >> Well, first of all, Mike, great to have you here. A little bit of a frustrating day and I think that's been the consistent theme, hasn't it, for the month of July. Um, you identify it as rotation. The market, I think, is ultimately trying to figure out where the next leg of momentum ultimately goes. If you look at the momentum factor, we're seeing a precipitous decline, double digit, in the month of July. Why is that? Because the momentum factor is directly allocated in the direction of the AI trade, memory, semiconductors and really growth and hyperrowth. So I think the question becomes you know people will say well momentum rolls over that doesn't mean the end of momentum. Momentum might go to a different place and the appearance in the month of July is that it's maybe going to financials maybe it's going to healthcare. That leads to a frustrating environment, no doubt. And we are in the midst of a very frustrating July period. If you want to try and find some comfort, look at the S&P equal weight. That's the one index that's up modestly for the month. But I think this has to play out over the next several weeks. I wouldn't be really aggressive in trying to identify where that momentum ultimately goes and taking positions. I think really right now patience is your best position. You know, Jim, the tricky part of of sort of saying um this momentum factor unwind is obviously a a strong mechanical force. It's been going on for a while, but it also means something else, which is there's a fundament there was a fundamental theme that drove momentum to be what it is, and now you're having a rethink of that theme. And I think broadly speaking, uh everyone is dealing with uh a market that at the end of the second quarter seemed overconentrated in AI. semis were almost 20% of the index and there was maybe some overbelief in the sustainability here. So are we, you know, how far are we in the process of trying to retreat from those extremes? Yeah, thanks Mike. Good to see you as always. Um, but your question went right to where my head was anyway, which is what's the fundamental basis for what Joe you're speaking about with momentum doing what it's what it's doing. And I think that explanation is very clear. Look at what happened to Google and Tesla last week. They reported high capex numbers and they got beat up for it. Um, look at a high capex spender like SpaceX, relatively new, but they're going to do a lot of capex in the coming years and they're getting beat up as well. So, clearly the market is saying right now, don't spend. And I think what you're seeing in the chips in particular is the flowth through that if these hyperscalers and the likes of Tesla and SpaceX don't spend, then a lot of the growth assumptions that are built into the price of the chips is maybe overblown. And I think what's also feeding into that are the Chinese large language models, these open- source models that are showing themselves to have some capabilities. All right, we can't just we can't just throw out the idea that they're terrible. Uh they have capabilities. We've got cost consciousness in corporate America that's starting to guide towards these Chinese models and it's making people wonder if the growth assumptions and capex maybe are going to come down at some point. I think that's what the market is saying from a fundamental point of view. And of course, this is not a good time in the seasonality uh of the year. That shouldn't seasonality should not exist, but it does. It's real >> for sure. Um as much as I like to to try to assume that we should all frontr run it and it should get away, >> it tends not to to happen. Um, you know, Jason, a lot of uh folks expected earnings season to be a little bit of a savior, and maybe it has in the sense that the average stock has done okay, but the reactions to earnings have not been uh necessarily as strong as the results themselves. I think only 50% of companies beating are actually having their stocks respond in a positive way. So, as somebody who's looking company by company, what is that telling you? >> Yeah, it's interesting. uh Mike I think on a lot of fronts to your point on the beat rate I mean you know we have seen 80% 82% of companies beat so far but the price action hasn't responded to Jimmy's point I think a lot of the the story today has to do with capex right um we heard from Google last week and again there is momentum in capex uh Joe I think that's where we're seeing what's happening uh in terms of the spending another $15 billion from from Google um and and the reality is it's about the free cash flow, negative free cash flow. That's been the story. Um, and where the spending is and price appreciation on the cost across the supply chain. I mean, memory chips cost more today than they did 6 months ago. So, I think that's something that we're closely following, but also to Joe's point, I think what what is positive to me is the RSP working. Yeah. Right. It it is positive so far this month where the S&P and the NASDAQ are negative. breath is a positive factor uh going forward with seeing healthcare financials industrial starting to perform. So I do like that as a setup going into the back end of the year. >> Steve, um you know, one of the things that the folks at Alphabet said in reporting their numbers and giving their guidance is it's still early. And that used to be reassuring >> to investors, it's early. Okay, that means that there's so much more growth to come. Investors don't want to hear it's early anymore. They kind of almost want to feel like we're getting to a point where we have enough or we have enough for now and we're going to let the scaling laws give us some profits on the other end of it. And capex is like eating the economy, right? We're worried about overheat in capital usage and what the Fed has to worry about in relation to it. Uh and what the corporate bond market has to to deal with in response to it. >> Yeah. I I mean, there are a couple things here. First of all, I don't I don't think it's all about AI. I think it's about Iran and oil and now we're seeing uh basically with oil coming down the market not moving. So maybe shade it more towards the AI trade. >> I mean consumers up, >> industrials are up, banks are up today, right? So I mean parts of the market that got hit on high oil are responding a little bit. >> Yeah. But but the Iran problem is not going away. The cessation in hostilities or actually firing rockets is only occasioned by a lack of supply on our part. So we're depleting supplies everywhere. Ukraine, they got our old weapons. So that really wasn't an issue because DO requires that you get rid of your old weaponry before you can add new weaponry. So that that works. They got some new stuff. But this isn't going away and that's going to be a constant overhang in the market. So, that's one thing. Now, when you go to AI, the question is not if they're going to stop spending because they're going to. And if you don't spend now, if you take a long-term view rather a short-term view, what's my what's my ROI today? >> Yeah. >> You know, then and you tell them to stop spending, then going out a few years, guess what? They'll be catching up to the ones that do spend. So, you have no choice but to spend. And you don't know what that spending will be like. Now you hope that you do what a meta does which is you can take that excess spend and build a separate business out of it. So they should be applauded. Now >> you have to there's a disconnect. It always is a disconnect between when the spending ends and when the stock you know the climbing of the stocks on the spending or declining ends and I think that's where we're getting near now. I think you have to expect that Meta and the others are going to announce additional AI spending. We already know Met is going to increase by 40 billion, right? So I think the markets absorbed that already. So it's come down to the fundamentals when you have almost 100% cloud growth like Google had in the 80s. I think that should control what we're doing. You have to build the cloud because it puts so AI puts so much data out, you know, that they have that has to go into the cloud. So, so look, nobody likes seeing the volatility, but but I took the opportunity and you know, front running myself, I added to Google on Friday, >> right? Because I think that it's extremely cheap and I want them to spend because I want them to be able to capitalize on AI as very very few companies do. So, so look, I'm sort of sanguid about what's happening. I'm not happy about, you know, the marks on the portfolio, but you don't lose money until you sell something. So just ride it out. >> You know, I like to think it from the point of view of free cash flow at Nvidia, which I'm going to say this calendar year, we know they're on a fiscal year ends January 31st, but the calendar year 2026, they're going to generate about $200 billion in free cash flow. The year prior to this, almost 100 billion in free cash flow. These are big numbers. And I ask rhetorically, even though I'm going to answer the question, what are they supposed to do with that free cash flow? Do we want them to start buying back shares and issuing a dividend? because I tell you that would be a signal to the market that their best days of growth are behind them. I don't want them to do that. Now we can question I think it's a reasonable question. Are they choosing the right horse in funding open AI? I actually have a question to that because of what I said earlier these Chinese large language models that seem to be doing almost as good as open AI codeex etc. Not quite but almost with a lot less cap expenditure. Look what are we what is Nvidia supposed to do with all this cash? I don't want them to start uh issuing a dividend. Let them try to pick their winners. And if it becomes a self-fulfilling prophecy because they funded OpenAI, okay, fine. >> Well, first of all, they're hoping that no cash leaves leaves the building, >> right? >> Right. This is a guarantee. They hope they don't have to actually be be on the hook for it. So the 200 billion of free cash flow is going to still be there. >> And was was was Apple a sell in 2013 when they started buying back stock and and and issuing a dividend? Good rhetorical question and in hindsight the answer is no. Okay. However, at the moment people said what are they doing when Microsoft >> people said about Microsoft too slam >> dunk 25 years ago whenever it was. It was not looked at favorably and I don't think it will be looked at favorably when Nvidia eventually will issue a dividend. >> Jason the upside leadership today actually is the stuff that's maybe been pressured is Microsoft and it's uh it's Alphabet to a degree. These have been sort of untrustworthy little rallies, you know, because the charts are a little sloppy. On the other hand, Apple's been, you know, continue to hit new high and it's also uh leading the way here. >> Yeah, absolutely. One one other point on on video, I look at this deal, it's almost like it's circular light, right? It's kind of like making sure that they own the infrastructure backstopping a company like OpenAI to to again from a credit perspective ensure that the guilt gets done >> is does create some leverage for them. Ultimately it does it is relying upon execution which has been the story like like we're uh as we follow uh what's going on with Oracle and and the CDS there. So I think I think you know the market's probably overplaying this one. Um, and this could create an opportunity. And also to Joe's point of some of the sideways action we've seen over the last 9 to 10 months. You know, I think this will be an opportunity for Nvidia in the second half of the year. >> We also have I mean Jim's been talking about the Chinese open source models. We also had this IPO, the Chinese memory chip maker. It goes to the moon on on day one and US memory makers are are down. I just wonder if this is kind of look is more players, more capacity. Yeah, I look I mean the viewers might think I'm being too simplistic here, but I just think we got reached the point of exhaustion after Micron's earnings in terms of positioning and then you let's not forget you had the SK highix >> sure >> IPO as well. It's like you know how much can actually be allocated in the direction of memory at the expense of the rest of the market. Ultimately, you're making such a significant concentrated bet towards memory as a portfolio manager. There's a limit to all of that. I think we reached the limit. I think the market is working off that oversold condition. And the byproduct of that has to be the tape that you have in front of us. There's no other way around the math. >> Well, it to that point on the math, [clears throat] we have a chart on Apple relative to the NASDAQ 100. uh the monthly outperformance is basically as great as it's ever been in in years and it's sort of trading as whatever is the inverse to the AI anxiety trade >> right >> and it's kind of the allpurpose defensive play there it is uh so relative to the NDX on a monthly basis. You got to go, you know, back to the early 2000s to find something more dramatic. And I guess the question is, does that just be kind of a self-perpetuating mechanical thing? Apple benefiting. Of course, it doesn't spend as much on capex, but it's also now really expensive relative to those other companies that are getting beat up. Uh, in contrast to it, Jim, >> I I actually for quite some time have thought that the Mag 7 should not be treated like a monolith. And >> I think we're way beyond it. Here's here's why I'm going with that. I agree with what you're saying how about capex and the capex light ated Apple. However, I will tell you even though it's a market weight position, which means 6 12%. I'm not very enthusiastic about Apple right now. I have a hard time buying it at this valuation. How did it get to this valuation? Well, it's been the one Mag 7 that's rallied while the others have kind of sputtered. And that's not the first time that this has happened. And we go back a year and a half ago, Alphabet was sputtering and then and then it caught wind. it caught fire. This happens all the time. I wouldn't be surprised if Meta, which Steve I I think is one of your one of your favorite positions, wouldn't be surprised if it caught fire. Last week it started to and then I think it's gotten pulled back on worries about capex that we saw and I was talking about with Alphabet and Tesla. My point on this is that yes, we can make a fundamental case and you did it why Apple should rally. I will tell you as a stock analyst, I'm not enthused and I think it was just Apple's >> I don't know that I'm making a fundamental case. I'm trying to explain the narrative that gets applied in >> response to the stock doing what it's doing, >> right? We're deciding that's what people are buying it for when otherwise it's just kind of like, you know, the button to push is buy defense against AI overall. It's it's also it's relative performance to its Mag 7 peers and relative outperformance and it makes it in that regard. The one Mag 7 where you could say okay this is a momentum name. Look fundamentally it just continues to get the benefit of the doubt coming off the worldwide developers conference. The market was disappointed stock price fell and quickly recovered. So why has it rallied now to reach a 52- week high? I think it's the relative outperformance versus its MAG7 peers and it's the one name that has that embedded momentum. >> By the way, that chart was against NASDAQ 100 as a whole. Uh, and in my view, Mag 7 is gone. It's for hyperscalers. Okay, that's what we're talking about when we talk about Mag 7. We're talking about >> what bothers me about what you just said is that the market's seeking for momentum and, you know, following out performance rather than looking at fundamentals. So I I agree and to me that's never a positive sign in a market when you're chasing stocks because then you start chasing the junk and the junk moves up. We've seen this movie play out so many times. >> It works till it doesn't. And the argument is that momentum is the market registering fundamental improvement. So we we're not going to settle. >> You don't have that with Apple, right? >> With Apple, you hear reports of slowing sales, right? People are waiting for the 18 to come out. And what the the best story to Apple is they're not spending on AI because they're going to wait for AI to get cheap and then they're going to pick the winner. But that may not >> they also didn't spend on iPhone. They've never spent a lot on cab. They never had to. >> We got to run as a percentage of sales. >> We'll hit them all. Jason, as a as an owner of Uber, I mean, it's it's bouncing a little bit today, but it did get hit late last week. It's down quite a bit, making new lows uh through this month. uh how does it fit into the to the big picture story in favor of Uber? >> Yeah, I mean obviously there's no doubt that Whimo wants to own the rider relationship and I think as as that point uh Uber has diversified away for quite some time in their investments and partnerships with Zuks and Rivian and a lot of other smaller players and I think the story there is these folks don't have scale and they have they have the ability to help them commercialize their product. So I think that's what Uber's play has been and I think the market is probably overplaying this scenario that it has to be this complete binary outcome. I think both players AV and you know a huge network like Uber can win here you know so I continue to like their space um and all that they're doing in delivery and that acquisition they made with that German company um you know this month. So I think there's a lot that can work with Uber going forward. I'm just struck by how depressed the valuation has become in Uber. It's like 8% free cash flow yield on a forward basis. Market seems to be saying we're not really sure where the next growth wave comes from. Um I I just wonder how that settles out because the street still loves the stock. That's the other thing that gives me a little pause. >> Yeah. Yeah. No, there's no doubt about it. And and I think what's also a point for me is their profitability metrics have continued to improve quite drastically over the last several quarters. Um, so I get that, but I continue to own it for those reasons. >> Hopefully the World Cup acted as a catalyst for for Uber. The thing I I see with this strained relationship with Whimo is okay, now does Uber have to spend more on AVs to protect the market share lead. Um, I think that's probably ultimately the case. Stock made a 52- week low this morning and it's having actually a nice intraday reversal. Maybe it got washed out. I don't have a position there. Uh but there there's a definitely a needed catalyst for this company as they prepare to report earnings and on a forward basis they are very cheap. >> Yeah, for sure. >> Let's move uh to some committee stocks on the move. Robin Hood reportedly in talks with Crypto.com to expand the firm's foothold in prediction markets. All right, Joe. So, you own own Robin Hood. The everyone's racing to lock up this next pool of potential fervent activity. >> Yeah. So, look, Robin Hood has done an excellent job transitioning to be a more diversified uh financial services company over the last several years. They still have that reliance on crypto and they're going to report earnings I believe Wednesday of this week. And you're going to see that crypto the revenue there was relatively soft. The excitement comes and what does the future look like for the prediction markets. Remember the last quarter was not a good one. They had a miss. They eliminated 10% of the workforce and they're going to need to bring down the cost expense growth because it is significant at nearly 40% while revenue is only growing 30%. So in a little bit of a precarious position when you look at where the stock is currently down 15% year-to date. I'd like to see them do some more work on expense management. >> Yeah. I mean I guess we can broadly define what financial services is. I mean prediction markets remain dominated by sports. It's it's just kind of, you know, you can call it what you want. You could say it's somehow adjacent to other trading and portfolio work, but I don't know. >> Well, I think they're Schwab is out there kind of ridiculing that position and saying we're not going to do it. >> They they are and Interactive Brokers, you know, is it will be there ultimately as well, but I think the common denominator for all of these names when you think is that it's the retail engagement and the strength of retail engagement and clearly Robin Hood will benefit in this quarter from that. >> Welcome back. Let's get a check on healthcare. It's a top sector over the last three months up 14 and a.5%. BTIG's Jonathan Kinsky saying it's close to breaking a multi-year downtrend. Uh all the chart readers kind of love it. It's been emerging and basing and and and performing in a way that is anti- tech. I guess it's useful in that sense. Um Jason, put a storyline around some of this maybe with biotech in particular. Obviously, deals have picked up and the acquirers have had their stocks do pretty well. So, I guess encouraging more activity. >> Absolutely. So I I think the major catalyst obviously for for biotech is the patent cliffs, right? I mean that's that's what's driving all the M&A. These big pharma companies have to stop gaps. Some of these revenue streams have been lost from >> uh like a you know we always we always talk about V and Humera. Humra was 30% of their revenue 2 years ago. They need to replace that revenue stream with the you know with the bioimilars now you know off off the off the balance sheet. So for me, I think that's what been the major driver. IBB is up 12%, XBI is up even more. I know Joe, that's one you own, but that's been the story in in kind of the bio biotech complex from it. >> Healthcare is being remade. So there's a company in the private markets, Time Care, which handles. So all the payers in varying levels, Humanana uh uh CVS, United Health outsource their cancer journey, their cancer care for patients. The company's grown 100% a year, wildly profitable and the insurers make money. So it's being remade health care. So they're adding to the bottom. So it's being remade health care. So they're adding to the bottom line of Humanana, of CVS, of United Health, of Etna meaningfully. So that's the way healthc care is going. All driven by valuebased care, which is a requirement for Medicare, Medicaid by 2030 where the providers have to assume the risk. So I think you have to watch for companies like Time Care and others in the private markets when they go public because they will be huge winners. >> I mean, it's been the promise for so long, you know, >> and it's happening. Yeah. And I think in the last several years investors and portfolio managers have wanted because of the size of the sector to see healthcare step forward and take some leadership. It hasn't. But there are idiosyncratic stories underneath the surface that should have you allocating in the direction of healthcare. Whether it's a Bristol Meyers or a United >> or or a United or a Merc, they're all working well. the GLP1 story, Eli Liy, the biotechs have worked really well. I think at some point there is going to be AIO oriented healthcare opportunity, whether it's drug discovery, uh whether it's robotics, diagnostics, whatever the case may be. If just if you think about the amount the significant amount the trillions of dollars that are going to be spent over the next five to 10 years >> already I mean I sit in the board of a company where we're invested digital diagnostics which in had the first AI software that diagnoses diabetic retinopathy leading cause of blindness affects 450 million 440 million globally with over 90% accuracy versus conventional exams which are 33%. So, it's been happening. You're just not hearing about it as much because these are large companies and the inroads are really picking up steam. >> I think it supports the premise of be there, be allocated to healthcare, but I don't know collectively if the investment community has accepted it and said, "Okay, we're moving to it." One name that's interesting >> in the private markets. They certainly are >> in the private markets and you see that you have that visibility much better than I do. But look, if we could really, can we show a chart of intuitive surgical Yeah. over the last year because that's like the definition of what AI should mean to healthcare and that stock has struggled significantly. It's a 52- week low. >> Yeah, the device stuff has been tricky. I mean, up and down. We are back now with final trades. Get us started, Steve. >> Yeah, look, meta and if it doesn't work, blame Annie Cornbrooks from the one of our producers. Yes. >> Uh but look, I I think the increased spending is pretty well known and I believe they're going to show pretty good fundamentals in their core businesses. >> Yeah. I mean, I think there's blame to go around, but you know, we we we sort of know where it's mostly. >> Well, I'm going with her. You know, if it works, you'll never hear her name from me again. [laughter] >> Okay, >> fair enough. Uh, Jason, >> I'm going to go with Service Now. Really like the quarter subscription revenue was up 24.5%. It's bumping a lot today. It's up seven. Still down 30 for the year. I think this is a solid entry point. >> Yeah, interesting. It's getting a little legs today. Uh, Jim, >> eBay, you know, for the last couple of months, it's been whipsawed a lot on this GameStop offer, but I bought it before the GameStop offer because I think the fundamentals are intact. I think actually the GameStop offer may happen, but obviously it's been >> Well, they have a new offer now. I mean, this Stripe private equity thing, right? Wasn't that the new >> I actually I have haven't heard what you said, but okay. Uh, maybe I need to get a little remedial training here. Sorry to do that to folks. Joe, what do you think? >> Insight biotech company. They report earnings tomorrow morning. I only want you to buy it on a pullback. Be patient here. >> Don't worry. >> All right, guys. Thanks very much. >> Okay, so they went over a lot more stocks and ETFs. Um, and I'm not covering every single one of them. Some of them may be in my portfolio. 22 we're going to cover and there's a lot more here that are have a blue flag here. Uh, seven out of the 22. You know what else we're going to cover right after that is the spy, the cues, the Dow, the Russell, gold, and silver. And we also have a few member requests here. So, you know, let's get started first though with the stocks that he just discussed. All right. And we'll start off with the strongest ones like Bristol Meyer, which was up 77%. This is the weekly chart. Price is obviously above the 200. It's above the moving averages. It's above the cloud. The chu span here is above price on the weekly. And on the daily chart, it's looking pretty bullish. I like it. Not crazy about this type of candle. It's called a shooting star. when you have a long wick and small body at the bottom, but you know the the directional movement index is still bullish. I like that. So, that is certainly something I would consider. IBB is biotech ETF. All right, this one too. Uh if you look at the weekly chart, we're above the moving averages here above the cloud on the daily chart. Um it looks like it's right on the cusp, right? So, it closed at 18833 today was the price that it closed at at 4 p.m. And uh the the 9 period here is at 180. What is it? 18832. So, it's just above it by one penny. So, you know, I wouldn't really it doesn't look particularly these two candles. Even though technically it meets all the criteria, I wouldn't be adding a position based on these reversal type candles. INC I would wait for a little more bullishness. INCY which is Insight Corporation is looking pretty good. Let's start off with the weekly chart on that one. So you can see the five weeks now it's been sort of building what's called a base after price has been moving up and that's good. That's a good sign. So it's almost like a a bull flag type situation. If it can break above these highs here, expect a continuation to the upside. You can even see the the sideways movement here reflected down below with the ADX. It's when the ADX goes flat. Right. So, if it starts to pick up again, expect that move to the upside. That's a weekly chart. Here's a daily chart. Okay. Uh it's what I call the stock being basically stuck in a box. And so, it wants to get through there. We'll see if it can. LY Eli Lillian Company. It's above price is above the moving averages. Price is above the cloud on the weekly chart. Same thing. RSP. I like that's the Invesco S&P 500 equal weight ETF. All right. So, this is actually outperforming. If you look at this weekly and daily chart, it's outperforming the SPY. It's up 75% today. Let's look at the SPY for a moment. Up just .02. Notice the the the difference here as far as the technical goals. Uh SPY is stuck in a box. RSP on the other hand uh it too is moving sideways but price is above the the 9 period the 26th period the chico span is above price all right again SPY S&P 500 is inside the cloud right now on the daily chart and if you look at the weekly chart it's starting to look a little bit more bearish too. So I like RSP if I had to choose between the two ETFs. Um I like XLF. So XLF on the weekly chart. Let's look at this. Um it's kind of stuck in between these two um resistance levels. There's a weekly level which is the um based on this candle, the high of 5651. And then there's another level right here based on this high 5694. It's a daily level. So notice how price is stuck in between the two. uh you know, you may want to wait for price to break above that 56.94 and close above it on a daily chart, but when that happens, um it's you know, it's probably off to the races from there hopefully. No guarantees in the market of course, but uh the trend is in the right going in the right direction, which is what we're looking for. XLV, same thing here on the daily chart. Looks good and on the weekly, but it's stuck under that 16560 at daily level. Okay, just building a base here. And then CVS on the other hand on the weekly looks good, but on the daily chart just recently today closed under down 62%. It closed under on Thursday, got back above on Friday. Now it's back under. So a little bit weakness here for CVS, but overall it looks good. I'm not going to say too many negative things about CVS. It's more likely to recover than than drop because the healthc care sector is strong. Uh, Round Memory ETF has been pulling back here and is stuck right inside the cloud on the daily. Here it is in the weekly under the moving averages. Not something I would consider. eBay broke back above the 9 period here. On the daily chart, it uh so on the weekly looks good, but on the daily chart we have the faster moving average under the slower one. And the cloud itself has turned bearish. That's when the Senko span a the light color blue line crosses into the purple one. Robin Hood has pulled back a negative crossover faster moving average under the slower one. I hold off on that. Okay. On the weekly chart, what does it look like? It's still inside the cloud. ISRG is under the cloud. Intuitive Surgical very bearish looking right here. I would stay out of that one. Uh Merc looks bullish on the weekly, but it's coming close to some monthly levels. Let me switch it to a monthly chart so I can show you what I'm talking about. the highs um of 13463 goes back to 2024. These see these three four months right there where price was stagnant and not being able to break that 13463. We're coming right to that. So it's going to be a strong level of resistance. If it breaks through that on a monthly chart, let's say it happens by the end of this month, uh it breaks through that, that's going to be really bullish for Merc, but it's not I don't know if it's that likely. I mean, we are just uh let's see how far are we? We're 3% away, so it could happen. And their next earnings are coming out on August 4th. I think that's going to be the catalyst that makes it either break to the upside or reverse course. Okay, but right now you can see the buyers are basically holding off and and waiting it out. MTUM momentum factor ETF is inside the cloud. So, no on that one on the daily. On the weekly chart, it's also been pulling back. Micron on the weekly is in between the two moving averages on the daily chart is inside the cloud. So no one micron service now under the cloud under the 200 no on that one. SOXX is inside the cloud. That's the semiconductor sector index fund. So no on that. SpaceX I mean it's just not looking pretty here for SpaceX. Down another 1.36%. Here's a 30 minute chart. I like to bring up this chart because there's more data here for the cloud to form because this is a new stock, you know, publicly traded stock. So, you know, it's hasn't had enough time for the weekly chart to even create a cloud. Uh, it needs data. Same thing with the daily. It's it's just in its infancy, right? So, but we switch it to a 30-inut chart now. We can see the what's really happening under the radar and under the cloud still. So, no on SpaceX. Uber, no on the 30 minute. On the weekly chart, it's under the cloud as well. So, no on that one. UNH is um inside the cloud on the weekly and on the daily, it's under these moving averages. So, nothing to do there yet. XBI biotech ETF is also looking pretty bearish today. Uh as it closed for a second day under the two moving averages here on the weekly chart though, it's holding up. So this could potentially bounce here. A lot of times what will happen, remember the weekly chart is a lot more important than the daily. It's more significant. More eyes on that one, especially from, you know, investors that are looking to hold positions for much longer periods of time. All right? Because you can go for months and months with price above the cloud as you can see here. And so that's uh that's why um this has potential now to bounce when it gets closer to that nine period and make another leg to the upside potentially. We got XLY which is consumer discretionary that's inside the cloud still nothing to do here on the weekly and on the daily chart it's under so bearish. Now let's take a look at the other indices like the SPY. And you know what else I'm going to do real quick is show you guys the indices on Finn Viz Elite as well. Okay, so as you can see, it's 7:07 p.m. right now as I'm continuing to record this video uh on Monday, July 27th, and the Dow was it actually closed up 51%. The NASDAQ closed down.18%. Originally, it gapped up in the morning, but then dropped. You can see the S&P 500 also gapped up in the morning but actually was up just 002% by the end of the day and the Russell 2000 uh it closed up6%. That's very interesting. Now let's look at the heat map also. This shows us the individual stocks in the S&P 500. You see Nvidia down 4.99, AMD down 5.17, right? A lot of the semiconductor equipment stocks were down today, but the software and applications like Uber CRM were up. Microsoft was up, Apple was up, right? Credit services, consumer defensive stocks did really well today. Energy stocks were in the red today mostly. Not all of them, but the majority. And utilities were down, real estate was mixed, right? There was a lot of mixed uh results there. And if we look at the sectors, how did they do for the day? uh consumer defensives and communication services were at the top uh followed by consumer cyclical and financials and then energy was down 2.4% utilities down 1% and technology down.9%. So let's go back here and let's look at SPY. The spy we already looked at it a second ago but it's inside the cloud right now. Here it is in the weekly chart. You know it's just a wait and see. Basically, the QQQ ETF, all right, has been declining for three weeks in a row now under the 9 period on the daily chart. It's inside the cloud and it broke on Friday last week under this 68637. I said that was bad news because we broke through that low. So, it's just, you know, the momentum is now could potentially start to increase to the downside even more potentially because the ADX is that's what that's telling us, right? the ADX is moving up, but the the red line is above the green line. And that's not good. That's not conducive to, you know, a strong uptrend. In fact, if you take a look at the um rate of change here between the high here and this high, you'll notice that there was a decline that was starting to happen, right? And then from this high to that high, if we draw another trend line, right, there's another it's starting to exasperate a little bit further. Now, you can also take a look at this high to this high. And notice how it's just continuing to decline, right? So, it's starting off slowly, a little bit more, a little bit more from there. That's important. It's taking out some lows here. That's not good for the cues. Okay. So, there's a shift obviously uh over the weekend. All right. I talked about now right now I didn't add any new technology stocks to the watch list this last weekend uh intentionally because the sector is kind of looking weak. You guys should consider becoming a member to get access to the member only video that I do every weekend. I'll show you guys where you can get access to that. So if you scroll down, get on to my channel, BlueCloud Trading on YouTube. These are the member onlyly videos. You can see I did one two days ago. Um, this one here, uh, it's basically almost an hour long. They're all almost about an hour long. Uh, the ones each weekend I do one and I go over the strongest sectors. I find the strongest industries within those sectors and then basically filter it down to the strongest stocks within those industries. Right? So, we're really going from a top- down approach, identifying what makes sense, right, for the upcoming week. And then I review I basically share like over 25 stocks and a list of ETFs as well each weekend of what I feel have the highest probability of moving up. And I did add a few of those today. All right, from that list into my portfolio. And I closed out of some other stocks. So think about becoming a member trying this out. You can start off as a blue cloud trader if you are unsure because this there's like three levels, right? So, if you click on the join button here, this is what you would do. Go next to the subscribe, you click on join, and there are three tiers. You won't be able to get those videos under BlueCloud supporter, but you would be supporting my channel under BlueCloud Trader. That's $24.99 a month. And this is where you get access to the member only videos. So, there's four of those per month, every weekend. And then if you want to get daily updates on my trades, become a BlueCloud Legend level member. All right? That's when I share uh in a post before the market closes my trades. It's usually between 1 2 p.m. somewhere around that range time frame. And so consider one of these memberships. And if you if you just want to subscribe, please do. It's free to subscribe. Hit that notification bell, hit the like button. All right, let's get back to the charts here, guys. Um, so the Q's still in a decline. The Dow DIA ETF, you see the faster moving average basically is currently under the slower one. You don't want to be adding positions here. It's still uh looking a little bit um stagnant. Okay, there's not a whole lot happening for the last four weeks. Price actually more than that. Um I would say seven weeks now we are stuck in a box. That's a long time where price just moves sideways. That's what that's indecision. That's in investors not knowing exactly what to expect. And uh so it is summertime as well. So there's not as much activity at this time. The Russell 2000, same thing. Moving sideways. Okay. It's still under this 30272 level. Uh the VIX up just 081%. It's under 20. So that's not a bad number for the volatility index to be at. FEZ is the Euro stocks. That's also stagnant here under this $7052cent level. It closed at 6817. So gold um up 73% today, but it is still, if I remove all these lines here, you'll notice that the red line is still technically above the green line, but it's starting to flatten out here. So there could be a potential change in direction when you see again we're looking at a weekly chart now. Uh we're looking at approximately 6 weeks where price has been finding a floor. Okay, it has not surpassed the low that low from this candle. So that is key. Um will it break back above into the cloud? We shall see. But right now I wouldn't be doing anything. Right. Here's a daily chart. You can see that it's been u stagnant and stuck in this little box. Same thing with silver. Okay. Same situation. Here's a weekly chart. Uh silver is looking a little bit I would say even weaker because it is under the cloud um for 3 weeks now. But it also is doing the same exact thing that that gold does, which is if you look at the low from this week and you go straight across, that's six weeks in a row where silver has at least for the time being found a little bit of a floor. So we'll see if that can hold up that level. And let's take a look at the member requests real quick. So, let's start off with the strongest one, EIX, which is Edison International in the utility sector under regulated electric. And this one on the weekly chart looks pretty bullish. Price has been moving up steadily. Um, on the daily chart, it's it was down 1.35% but held right above the 9 period. All the elements of the Ichimoku are still in intact. Uh, there was a little bit of a a loss of momentum. see the ADX dropping a little bit here as it found support. So, I would keep an eye to see where if it if you know if you see a big red candle, that's when you got to be really extra cautious obviously about you know making uh a choice about whether you want to hold the position or take profits at that point. But right now, it's still holding steady, right? We've seen this many times um in this stock because it it's dropped here three days in a row, found support at the 9 period here. got a there was just one time where it got slightly under right there and then it held up the majority of the time above that 9 period as it is right now. Next we've got Arista Networks Inc. in the technology sector. The faster moving average here on the daily chart is under this lower one and price today closed under both those moving averages down 1.89%. Weekly chart holding up. Okay, so this is one of the few technology uh sector stocks that is holding up at least on the weekly chart. Still has not broken down unlike some of those other MAG 7 stocks that I showed you guys earlier. FBIN, Fortune Brands Innovations. Now, here's a weekly chart for this uh specific stock. It is in the basic material sector and building materials. Uh there has been a little bit of a move up since the lows here of 3230. So, it has moved up 58.8. 88%. It's it's moved up quite a bit. Uh but it's it's now right at that resistance level of the cloud itself. The good news is that for the last uh five weeks now, it's been holding right in this little box. So, it could be potentially building a nice little a base before it continues to the upside because the direction now is starting to to get bullish as we can see from the directional movement index on the weekly chart. What about the daily? See prices is above the moving averages. Uh it looks like it held up above and so it closed at 5148 and that's eight pennies above the tenkinson the conversion line the green line. So that's a good sign. Let's look at the next one. SDCI. Now this is on the daily chart. The the summer haven dynamic commodity strategy no K1 fund. It closed down 1.85%. So, it's the first signal that where we might see a little pullback here and it the next level of support will probably be another 2.2% away. All right, potentially uh where the cloud is going to hit. So, there's the daily. Here's the weekly chart. Overall, the weekly is still in bullish territory. Okay, so it's the daily just starting to show its first potential pullback. All right. And so it's up to each trader to determine what their um threshold is as far as um pain when it comes to holding positions that are starting to go against them. What about SPSM? Another stock. This is I'm sorry, this is an ETF, the small cap ETF by Spider. SPSM. This one is actually building a symmetrical triangle here on the daily chart. So, if we take that high, we take that other high, we draw it across, and then we take that low and that low, you can see we've got what's called a symmetrical triangle, which means that there's indecision here between the buyers and the sellers, and price is starting to squeeze in. And so, we're going to get a breakout more more likely to the upside because we are technically still above the cloud. So, there's a higher probability that that's going to happen. But I would probably wait for that to happen first if I was considering getting a taking a position in this. If you look at the weekly chart, it's still holding up beautifully above the 9 period and the 26 in the cloud. And guys, that's it. That's going to do it for this video. Thank you for watching. Thanks for supporting the channel. Hit the like button, subscribe, consider joining. If you guys like the software that I'm using, this call TC2000, and you can get a $25 coupon through the affiliate uh link on my channel here, BlueCloud Trading. Click on 10 more links. It will bring you to this. Scroll down a little bit. This is where you'll find all my links, including my Twitter page, you know. Uh but the t $25 coupon is a second link down. You click on this right here. enter your email. You can download it for Windows. Um, you can run it on web or Mac as well and you will receive a $25 coupon towards your service courtesy of BlueCloud Trading as long as you haven't used it in the last 12 months. Okay, here's the pricing. Click on software plans and data. Hit the monthly chart month, I'm sorry, monthly billing cycle, and you'll see it's $24.99 for the basic. So, you can try it out for a month for free. I would recommend premium. More features, a lot more features here. And I currently use this. I use premium plus, but I do trade a heck of a lot. So, for me, it makes sense. Guys, thanks for watching. I appreciate you all. Have a great rest of the night. I will talk to you probably tomorrow if I make another video. [music] The ichimoku [music] guiding light. Blue cloud traing through the night. [singing and music] >> [music]