TOM LEE & JOSH BROWN SEPTEMBER SETUPS FOR STOCKS (09/01) + Stock Market Analysis

Blue cloud trading through the night. >> Welcome 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. >> Tom Lee and his hair. Uh, and you got it cut. It It looks We We were talking about it high and tight. You decided to go with that, right? Yeah. It's good. Good that you did. He's head of re research at Fundstrat and chief investment officer, Fundstrat Capital, as well as a CNBC contributor. We We won't have to deal with uh where people focus on that on Twitter instead of uh instead of your calls. So, that we got that going for us. com. August you want you thought would be very good and it was good, but it's not 8,000 on the S&P. It's not 7,800. Then September you thought there might be a convergence of the worries that that have been keeping everyone else bearish for the while you've been bullish. You think that you thought they were going to come home to roost in September and maybe have a 10% pullback. Yeah, that that is what I'm sort of thinking as a base case, you know, because there's a lot of crossurrens this month. Um, like Joe Leavia talking about a Fed hike in September, uh, the AI data center backlash and there's the seasonality issue. You know, September's a weak month, but I'm actually now thinking because of all this mounting concern, the market might surprise us to the upsides. And I think maybe September 15th, the Fed meeting is the pivot point. If the Fed doesn't cut, doesn't hike, which is our base case, I think actually the markets could rally very strong. >> It wouldn't be one of those situations where the credibility is is at issue and that the market actually wants a hike. The market never wants a hike, do they? >> That's right. I I think I agree with your statement earlier this morning that uh he wants to signal um credibility, but he wants the data to kind of play out and if the data we have the jobs report Friday and we have a CPI report in earlier in September, I I think if both are weaker, I think you know the market's not going to price a hike. This would be then sort of um re revising your call for a pretty big pretty substantial correction this year then would it or are you now saying October or November when it comes? Yeah, maybe it gets pushed into October because, you know, I think the consensus view is that midterms are going to be a launch point for stocks to go higher, but maybe that's maybe October, which is normally the month of um big moves, you know, could actually be a weak month instead. >> But it but it could be from above 8,000 then. >> Yeah. Yeah. Maybe above 8,000. So then then the lows could be not that different from where we were a couple months ago then. >> Yeah, maybe 73 74 something like that, >> which we could probably uh handle without that that we could handle without really giving that much back. But it would certainly instill a lot of fear and and loathing and and everything else from from people who think now we're going down to 6,000 or or whatever or even worse. >> Yeah, I agree. I mean, every time the market's flat for the week, people start to think it's a bare market starting, you know. So, I think people flip bearish very easily. >> They're ready for that. Uh I I know. What about um crypto in in Bitcoin? That that was weird, wasn't it? What what did you attribute the move to the meeting with executives in in the White House or or it was just ready? >> Yeah. I mean I think the way we would look at it is one I think this year crypto fundamentals have been good because we know the tokenization movements very strong. I mean Robin Hood was a breakout product launch. I mean really one of the biggest hits and Agentic AI is good for crypto but we were in the middle of that crypto winter. I do think catalysts have come together uh and actually gonna really strengthen into year end because one uh crypto is the best performing macro asset in the third quarter so far. So I think September and the fourth quarter there's going to be institutional allocation to crypto. The second is you know the crypto fouryear cycle basically ends next month. So I think people who've turned off crypto on their screens are going to come back. the Korean investor, which was really big in crypto. You know, they rotated into AI early this year, but we're already seeing volumes pick up in Korea, so they're rotating back into crypto. And the final is if Clarity Act passes, which could happen this year. And if it does, I think, you know, Bitcoin and Ethereum have a huge fourth quarter. >> So, is crypto win or over and the huge third and fourth quarter, does it make up for what we've seen over the last year and declines in Bitcoin? Yeah, I I think uh it's been a very shallow crypto winner. Um but there was a massive amount of deleveraging like October was a big step down and then earlier this year twice. So I I think very few people own crypto. That's why I think you know Bitcoin could easily you know be in the six figures maybe. >> You get the rate hike. What happens >> on the crypto side? >> I mean it's going to be a good test. Um, but we already know that the long end has risen. So, if we get a hike and long yields fall, that's actually monetary easing. So, it it may have to do with how long-term yields act react to a Fed hike. >> You actually said there would going to be a a jump in crypto. I think it was last time you run. I mean, you is this what you were talking about or even more that up to 90,000? I can't remember what you said, but you thought it was going to >> Yeah. >> take off. I think this is the beginning. >> Yeah. I think it's the first leg up because this was like a catching people off sides move in crypto. >> Yeah. >> Um I I think institutional investors are buying crypto stocks. That's really evident. Like the volumes have really jumped and that's a sign that they're betting on a big fourth quarter. And I mean, you've had I think you you were at 150 at one point on on Bitcoin. You you haven't abandoned those types of numbers or or even I don't know higher than that even. >> I I think 150 is still possible. Um >> not that far off. >> Yeah. And I think that that's because the S&P also has a lot of upside into year end. You know, the 8,200 I think is still a low number. what the S&P could achieve by the end of the year given how much earnings have revised higher. You know, we're originally thinking 2027 would be 350. Now it's 415, but it could be 425 for next year earnings. >> It matched what we did this quarter, but people were at 18%, it was 30%, wasn't it? >> Yeah, that's right. And it's still more almost 20% organic, you know, without investment gains. >> What what is the base level right now of GDP growth in in your view? because we had, you know, the import the the import uh the surge kind of masked the underlying growth rate, giving, you know, Democrats and others plenty of grist that we're one and a half, you know, we here we're at one and a half%. What do you think we really are with corporate earnings that the way that what we're seeing? The structural GDP looks a lot stronger than the last 20 years because we're in a positive investment cycle plus there's onshoring and then there is this sort of energy infrastructure. >> What is that 3%. >> Yeah, I think it's above three. >> You think it's above three? >> Yeah. But it doesn't have to be inflationary because wages would be sort of the inflation component and wages aren't that strong. >> All right, we'll leave it there, Tom. Thank you. >> Great to see you. You said the new sort of the sneaker homry. I like it. I like it. >> Great. >> He's like, "Awesome. I did it for you." >> Yeah, you did. You thought about me a little, didn't you? >> Of course. All the time. >> Not even a word, didn't it? >> No. >> All right. Up. >> All right, guys. Thank you very much. Welcome to the halftime report. I'm Scott Wapner. Front and center this hour. The September setup for stocks, yields, the momentum trade. They are both in focus. We trade all of it with the committee. Joining me for the hour today, Joe Terteranova, Stephanie Link, Jason Snipe, Josh Brown, take you to the markets here. We are beginning a new month, one that you all know by now is traditionally unkind to you. See what happens now. Dow, by the way, up 15 of the past 16 months. How about this stat? In the past almost 100 years, the Dow's only been positive 15 of 16 months. One other time during a 19 for20 streak. all the way back in 35 and 36. All right. You know, formulate your own view for what you see in the markets ahead. >> I'm reminded of the great Damon weighins who famously said in character as homie the clown, "Homie, don't play that." I know very few professional money managers who are attempting to make a tactical sale on September 1st because it's September and then get back in October for a better setup. Well, if you did that last year, the train left without you. And you know, it's very nice for somebody to say, "Well, in 61% of all September, if you're not going to tell me that, then I'm not whipping positions around and generating taxable uh gains for my clients and then my answer to them when the S&P is plus 6% before we buy back." Well, it was September. So, I think a lot of this uh seasonality stuff is helpful context and then a lot of it sort of delves into this world where it's astrology for middle-aged men and uh you will not find in in my experience people who have a fiduciary responsibility to their clients making trades based on the time of the year. What I will tell you is that >> hold on one real quick. Let me let me just interject one thing and I'll come back to you and give you and give you the mic back. This feels to me that it's not so much a calendar issue but a calculation that as Rubner says, okay, earnings were great, but we've now lost that as a catalyst because we're in a window where there are no earnings. You don't have the corporate bid because you'll get into a blackout window. That that has nothing to do necessarily with okay, September looms. You haven't had much volatility at all. The VIX was like at 13 or 14 not that long ago, but that could return. You could also have, as JP Morgan notes today, that the MAG 7 are likely to keep experiencing RO ROI anxiety, which is why they're a little more cautious. Now, you have the data center issue as well. This seems to me to be far more than putting your thumb up in the air and saying, "Well, it's September now, so let's get cautious." Yeah, those are all very good points and I'm glad you brought them back up. The the overarching point though is that the market knows this and has already been adjusting. Do you know that momentum as a factor actually peaked relative to the S&P on June 22nd? We are now 51 days past the peak of Momentum's outperformance. Momentum is down 13.7% since then with the S&P up 2.4%. 4%. That is 16.1 percentage points of momentum factor relative underperformance. So this is not like something that's about to happen. This has been taking place all summer and I would argue this has been spectacular for investor portfolios. We had this incredible wave of stocks that did not participate in the momentum rally and Stephanie owns those stocks and so does Jason and so does Joe. We've had this huge wave of stocks coming in and picking up the slack. Look at the healthcare rally. It's unbelievable. I got energy stock. So this I wait this idea that the marketwide momentum is is in a downtrend and that that therefore that's not constructive for investors. I I just I don't I don't buy the premise. I actually like that momentum has cooled off. And the last thing I want to say about this is let's not fall prey to the recency bias. What have you done for me lately? The reality is that peak in momentum happened after a historic momentum versus everything else run the likes of which we haven't seen. You have to you have to go back a very long time to find a period of time where momentum had outperformed by 24%. It it outperformed the S&P by going into that peak. So Scott, I like the setup. I want there to be index level weakness because it's benefiting this catch-up trade as people look for. Okay, if that's not working, well, what is? That's what we do. >> I like the perspective. JP Morgan today puts forth another perspective that I think plays right off of what Josh is saying and does it quite well. It's reassuring. They say that despite big falls in the momentum factor in June and July, broad equity indices are holding near their highs. We believe that downside risk to overall market from this should be easing in any case as the momentum unwind is largely complete. >> Morgan Stanley goes on in their this morning. Yeah. Let me let me just read this Morgan Stanley thing which they go on because it plays to what we're talking about and then you you got the mic. They say the midterms are an important signal, not necessarily the inflection point. So they see the elections revealing which anti-data center policies resonate with voters and potentially laying the groundwork for broader restrictions, but thinks material federal policy risk is more likely after the 2028 elections. In other words, the issue is not going away anytime soon. The mic is yours. Yeah, I and I agree with that. I think it I do think Joe is right. It's going to reach a crescendo pitch and then the election will happen and all of a sudden um a lot of the a lot of the grandstanding about this issue from all the politicians, it'll go silent because it'll no longer be, you know, have a point um once you either get elected or or you don't get elected or whatever ends up happening. It'll it'll quiet down. But I also agree, Scott, with what you just read and the fact that it'll probably never go away. Um, this is just this is just the reality of what it means to do business in this country. And um, I do think that the industry itself is going to get smarter. First of all, we're talking about the smartest people in the world, but they have a PR problem. Look at the figures that they've been putting forth as the face of AI. It's Elon Musk who's extraordinarily polarizing already, and it's Sam Alman, and that's just not going to work. So, I do think that the more Michael Dell is out front, for example, the more Jensen Wang is is out front actually speaking and making eye contact and saying rational things, the better the industry ultimately will be perceived. And the bigger issue is that everyone is adopting this technology now. I just spent backtoback 2hour meetings with my people before coming on the show today talking about some of the AI things that we're incorporating into our business. Once you do that, nobody is ripping this stuff out. And it'll dawn on the general public that AI is no different from electricity. Yeah, of course there are risk factors when you generate electricity. Of course, there are risk factors when you're generating um data inferencing, but like we're not going backwards. So, if this is a reason not to invest in stocks, um, I'll I'll take the other side all day long. >> All to buy today at Rosenblat, Josh. 220 is the target. I mean, you you couldn't believe that it popped up on your best stocks in the market list last week, but I guess it deserves to be there. >> So, this is, you know, this is the flip side of that coin, what Joe is describing. you have a a rules-based strategy and sometimes it forces you um to take a small loss or take an early profit and then the market makes that look stupid. But it's probabilities. This is the flip side of that coin. I would never if you told me like should Airbnb be considered one of the best stocks in the market, I would say absolutely not. But pull the chart back. It's breaking out of this uh out of this channel it's been stuck in since it came public. And that demands that you pay attention to it and try to figure out what's going on. Why is it all of a sudden breaking out? So that's where a rules-based strategy can help you. It forces you to reconsider a stock that you have a bias against for one reason or another. This is clearly going to take out new highs. You can you can see the accumulation. You can see the rapidity with which it's run up this time and has not given back any ground even with the market down. Um, I I I think that's that's the importance of having a system and a strategy rather than just waking up every day and saying, "What should I trade?" Um, so that's what the best stocks list is meant to surface. >> Okay. Uh, well, you teased your own segment because we're going to take a break and we're coming back with that. >> The best stocks. We're going to >> Yep. You're going to update risk management on two of the biggest winners that they've had. >> Details next. Want to show you stocks here which have taken a bit of a turn even more negative than they've been. The Dow now down more than 400 points. Uh correlates here with a move in crude oil as well. Let's show you WTI which is right around 90 bucks. Again, there's been some reporting in the last few moments of reports of blasts across Iran's southern regions. We'll go to Aean Javvers who can fill us in with more details. What do we know here, Aean? Scott, we now have confirmation from SentCom that the US military is engaged in strikes against targets in Iran. This crossing uh just a couple of moments ago. Sentcom saying today at 12:00 p.m. Eastern, US forces began striking Islamic Revolutionary Guard Corps targets in Iran. The strikes follow recent attempted attacks by the IRGC against commercial shipping in the Straight of Hormuz and against American service members deployed in the region. Now, we saw that uh strike overnight on a commercial vessel transiting the straight of Hermuz, exiting the straight of Hermuz that was flagged by uh British authorities uh as a strike by an unknown entity on that commercial ship. Now, we're seeing uh these responses from the United States against IRGC targets. No information from Sentcom about which targets are being struck or how long this wave of attacks is expected to last, but obviously Scott uh this puts something of a monkey wrench uh in efforts to wind down the war in Iran as we see these repeated flare ups now uh where the United States feels it needs to respond to Iranian aggression in the strait uh but neither side seems to be able to assert total control over the straight of Scott. >> Okay, Aean, appreciate the update. Thanks very much. Jamon Jabver is from our bureau down in Washington DC. You can see the reaction obviously in the commodities market. WTI crude basically 90 bucks. There's Brent pushing at 94. The Dow Jones Industrial Average, if we can give you one more shot of that as well, was down by more than 400 points. The market already watching the bond market quite closely. You can throw up the 10-year yield. We've said now at the highest level since January of 2025 as well. So all of these flash points uh really having an impact on the overall sentiment of the market as a historically rough month does get underway. All right, we'll move. We'll do best stocks in the market with Josh Brown. What do you have? >> Uh we're going to do two today. Amphenol and Dell. We first talked to Amphenol. Both of these are data center plays and they are two of the biggest winners um that we've done since we started this segment and and the column. Amphenol AP uh on June 20th we wrote about the company at $93 a share. It's up about 70% since then. They just reported the biggest quarter in the company's 94y year history. 8.8 billion in sales which is up 55% um a record 29.8% adjusted operating margin which is itself up 420 basis points. So, you have rapidly growing sales and rapidly growing operating margin. And when you get that combination, of course, you're going to get a stock that works. Um, we first talked about this as a data center play that people weren't thinking about. Obviously, that's changed. Everybody understands d uh data centers were 33% of sales when we wrote it up last summer. Now, it's up to 43% and it is obviously the fastest growing part of the company's business. We updated our stop. We want to use 145 for investors. That's that rising 200 day. It's been rising all year. A weekly closing price below somewhat changes um the the bullishness here, but there's a lot of room between here and there. And I think when you have a winner like this, you want to give it space. One important thing on that level, they're going to split two for one tomorrow. So all of those values will get cut in half. Adjust your risk management accordingly. We have a lot more about that at CNBC Pro on Dell. This is one of the rare names we wrote up twice. Monster home run. We wrote it up September 29th, 2025 and did a TV segment right after it rolled over. Um, but we ca we we stuck with it and we came back and wrote it up again in March of 2026. Um, this stock has been an absolute home run. It's done nothing but go up with with very little variation. And here you see it's been consolidating those huge gains for a few months. I think it's going to break out again. 500 is that overhead resistance, which is not that far from here. It's a $434 stock. Um, and this is a company that's going to report this week. So obviously tomorrow night they report a quarter, excuse me, tonight report a quarter. um that could change a lot overnight, but I I think the fundamentals will be good and I think you want to continue to honor thy stops. I would say $400 on a closing basis is if you're a trader, your line in the sand below that level and again the buyers need to step in there and if they don't, it tells you the sentiment has has changed. If that does not happen, I think you want to be long Dell. Um the stock is uh I think up 248% since our original write up last September. >> All we got a down market. We'll see what the last hour does on closing bell 3:00 Eastern time today. Tom Lee, Malcolm Ethridge, Young Yuma, and Jeff Degraphth. So I hope you will join me then for the closing bell. Josh Brown, what's your final trade? Scott Wapner, don't I always say pay attention to the stocks that are up, notably up on the down days for the market? Well, Apple is a very good case in point. They are accumulating this name. >> CEO just started. We're going to get a presentation on the foldable phone. Then we're going to get the 18. People want to be long this stock and they will probably take it through the record high of a few weeks ago. >> What's interesting, Joe, is you picked this as well, didn't you? Absolutely. I picked it first on the list. You see how we did that? >> Um, yes. And and I think it's a validation of John Turnis. It really is. I think a lot of people expected on the first day that Tim stuck uh Cook rather steps away. Tim Cook. >> Tim Cook. I know. I had a problem. >> That's okay. That's why I'm here. I helped you out. >> Okay. So, Tim Cook steps away first day. I think a lot of people >> Oh, you didn't say Tim Apple. You could have said that. >> Yeah. Oh, no. Don't go there. >> Could that anticipated a fall in the stock? Jay, what do you got? Final trade. Go revenue was up 40% in record EPS and continue to like this one. >> The linkster >> SLB I really like this acquisition they did yesterday for 8.5 times Ebida. >> Okay. Yeah, that's another story we're obviously watching today too. That move higher in oil, higher in yield, lower in stocks. You'll see at three. All right, guys. Thanks so much. Welcome to Closing Bill. I'm Scott Wer live from Post9 here at the New York Stock Exchange. And this make or breakout begins with tensions in the market, the spike in oil and yields and what that means for stocks in the month ahead. One that is traditionally unkind to investors as you know. So we'll ask our experts over this final stretch in just a moment what's really at stake. In the meantime, here's a scorecard with 60 to go in regulation today. We have been red all day long, led by declines in discretionary and industrial names sort of playing in that higher yield story. Tech is also red today. Apple shares though they're interesting. They're moving higher. New CEO John Turnis begins his tenure running that company today. Stock getting about a 3% lift. Elsewhere, some notable decliners in the cyber security space and that coming ahead of PaloAlto's earnings report in overtime. These stocks have been up a lot. So take that into consideration when you're looking at five, six, and even in some cases 7% declines there. It does take us to our talk of the tape. Will September play true to history or is there enough momentum in this market to keep stocks climbing? Let's ask Tom Lee. He is Fun Strat's head of research. He's a CNBC contributor and he's back at Post 9. Welcome back. >> Great to see you, sir. >> Good to have you with this month that's now upon us. How are you feeling? >> Well, um I know people are edging into September cautious because markets are down, oil's up, yields are up, and people are talking about the seasonality. I'm going to be contrarian. I think this is a setup for actually September to be a strong month for stocks. >> Why? >> Well, I think one is that the inflation fears are likely to quell this month. We have the jobs report to on Friday. Next week is August CPI and then we have of course the FOMC rate decision in September. I think the sequence of those events is going to show inflation is weakening and I think the odds of September hike might actually drop to zero. I mean, you thought that August we could get to 79 or or 8,000 in August alone. Yeah, we obviously did not. >> So, are you overly are you too optimistic about this market ignoring some of the challenges that you did mention, inflation, higher rates, higher oil, uh you know, more hostilities in the Middle East among other issues around the AI trade, data centers, etc. >> Yeah. And yeah, of course, um, it makes sense to be worried about these things, but 7,98,000 to me should be a level where investors are bullish. Like that's really when markets top is are people are bullish. You know, the these highs were made in August when people are cautious and people are cautious here. So to me, I think there's a wall of worry here that actually should be buyable. I mean, war concerns, as you know, have historically been buying opportunities and the AI trade still has a lot of strengthening fundament. So it it is interesting to me that you do have now a growing chorus of caution. >> Yes. >> From many different corners. Citadel security Scott Rubner I highlighted a lot of this on halftime. I'm going to do it again because he says the near-term riskreward has changed and he points out say earnings were great but they're gone now. They're they're behind us. Retail remains a buyer but historically they become smaller in September. systematic exposure has rebuilt. The corporate bid is going to fade. Blackout windows come back, so he can't do the buybacks. And then after a significant collapse in volatility, now that's behind us, too. He says he would use strength to reduce exposure and add inexpensive protection. Goes on to say, not looking for a broader bearish turn, but a tactical reset. What do you make of that? >> Uh those are all valid points. If what's interesting is I think that described a lot of the crypto trade last month. You know, V was down, retail was smaller, and we had a violent 30% rally. Crypto, believe it or not, has historically led the S&P by roughly a month. So, I I think the setup is very similar for equities. I mean, in fact, the bottom might even be today for equities. But >> I don't think that the the the crypto rebound could have been for for a lot of different reasons. intervention by the Treasury Secretary in the bond market co you know calls attention to a higher degree to you know $40 trillion deficit that that whole deal. >> So why do you think that what may have been a singular moment actually actually has legs? >> Well I think that when I look at the stock market today I think one of the most loudest things people talk about is inflation and uh the fact that inflation's been sticky. You know, we wrote about this last night that, you know, when the Fed has Fed's studies have shown the core PCE might have a flaw in it because of quote the impact from software accessories, which is flash memory, it's accounting for a third of all the inflation, excess inflation this year, but most people in their lives don't have flash memory inflation. >> No, but they have g like gasoline tank inflation. >> Correct. So, and gasoline, you know, is unfortunately something the Fed can't control, but the other components of inflation seem to be in line. core PCE if you adjust it is actually almost mirrored on top of CPI which is 24. So if we get a two4 print next week on CPI I think the market loses its anxiousness about inflation. >> Do you think people are getting too cautious too soon? I mean because JP Morgan's trading desk we're moving to tactically cautious neutral view. Wells Fargo we're turning cautious on equities. All these people are wrong. >> Well as you know they're probably not wrong but when everyone turns cautious that means consensus has priced in a cautious scenario. And unless the economy is about to inflect downwards, as you know, the cautiousness then creates stocks can go up on bad news. That's actually when the last seller sold. That's when markets rebound. >> We've talked a lot and every time I think you've been on recently this data center issue which is now bubbled up to the to the point of feels like a boil or on the verge of a pretty steady boil. >> What's the impact of that on the broader market do you think as September begins? No, it it's a real issue because as as we talked about, it's resonating with voters and we're seeing Republican governors siding with that and in supporting moratoriums. Um, I just think the AI industry needs to do a better job of explaining the benefits and I think that's I think they've gotten the message. It is creating jobs and it's creating benefits for users and of course it's strategically important for the US. So I think that this is definitely headline issues even into midterms. But once that's behind us, I think the AI sort of return on investment story is what's important and those stocks will rebound. >> Does it does it change anything about the near-term trajectory for the AI trade? You know, there's a difference obviously between how people feel about this issue and how investors should react >> based on how the people feel. >> Yeah. It feels like the trade itself has been impacted by all of the negative headlines and the polling and the rhetoric that's been out there. Do you think so? >> Yeah, it definitely has. And I think we have to keep in mind three things. One is of course a lot of people have made money in AI stock. So they're going to be involved with a trade, but there's going to be churning between bottlenecks and semis and memory and downstream ideas. I think we're going to witness churning. And of course the third is as long as this is out there, multiples can't really expand. So, it does sort of put a cap on it for now. >> Are you still looking for a a sizable pullback before a a nice rebound? And and could this be what we're about to encounter? >> Well, I think we're going to get an index level um correction because we've had a lot of churning within AI and MAGS this year, >> but I think it has to coincide with bullishness and that hasn't registered yet. So, I'm I'm kind of saying I think the draw down period occurs when we start to see people bullish. That's why I'm leaning towards September being a great month for >> Tom like I don't know a few weeks ago we were saying the opposite. We're saying like everybody's too bullish. We were asking the question, you know, is there too much optimism in the market? Is there too much complacency? What if the VIX got to like 14 or or even under? >> So how can we have reversed all of that now where we're thinking, well now there's all of a sudden a pickup in cautious. So that that's got to be bullish. >> Yeah. I think part of it is that sentiment hasn't aligned with positioning. For instance, margin debt shrank in July it and it probably didn't rise much in August and now this month it could be weakening. So we don't have excess positioning and then the the reliable sentiment measures like AI are still showing negative sentiment. So I think as long as people are cautious, we're more likely to to be higher rather than lower. >> All right, let's add some voices into the conversation if we could. Let's add CNBC contributor Capital Area Planning's Malcolm Ethridge and PNC's Young. Good to have both of you. I I hope you heard the conversation. Young, I'll go to you. Um Tom obviously puts forth a contrarian view to some of the cautious takes that are out there and circulating today. Where do you come down? >> Well, I think some of the headwinds are building and that's uh apparent both in yields uh Fed narrative uh as well as what's happening now with oil and diesel prices. The question of what what is priced in is a very relevant question for for sure. I think that probably one rate hike is priced in. In terms of longerterm yields, a little bit higher lift from here is priced in. Probably sticky inflation and stickier gas prices and diesel prices are priced in. So the question I think is then where do we break from here? If it's the case that we actually break downward for inflation or oil and diesel prices, that would be positive for sure. But there's also some risk that we break higher than what's priced in in the market here in terms of long-term yields. Uh in terms of where the Fed direction is going to go if it does indeed raise rates in September. Uh there tends to be a momentum of its own once the Fed starts moving in a certain direction. Uh so I I I think risks are two-sided here. Uh but certainly some of these headwinds are pushing against the market. I I wondered though, Young, now the fact that earnings are out of the way and we can't talk about that every day in terms of how great they've been, we're now going to be forced to focus on the things that the market didn't want to focus on before, which was yields and higher oil prices. And the fact that what was said to be a four to 5 week war is now past 6 months. And now we have even more hostilities and the price of oil back around a hundred bucks or certainly seems like it's heading in that direction if the situation on the ground remains what it appears to be today. So now we don't have the distractions that got us to where we were before. We have all these concerns. >> Yeah. Well, I I think the market is starting to think in the back of its mind is are the best days behind us? Is that big earning surge behind us? You know, every once in a while once when this type of sentiment starts to take hold, we do get some positive developments that are unexpected such as new AI developments, new technology developments. You can't rule that out here. Uh but it is the case that we're not going to have that sort of upward surprises and strong earning stories and healthy narratives or or robust narratives coming out of companies for quite some time still. Uh so we have to contend with these headwinds and see where they break. So the inflation numbers are going to be very important. what the Fed does and what it signals is going to be very important. Uh and of course what's happening uh with inflation, stickiness, oil prices, uh is going to be day-to-day movements that the market focuses on. >> All right, Malcolm, near-term riskreward has changed, says Scott Rubner, Citadel Securities, as I mentioned with Tom already. You agree with that, or are you on team Lee? >> Yeah, I I I don't agree with that. I I think that Tom is characterizing it appropriately. I think the temporary sentiment shift is probably very temporary. I think that all of a sudden uh us caring about the fact that the straight of Hormuse is blocked. It's been blocked for 6 months or we're caring about inflation spiking. It's been spiking for a year or all year uh we've been looking at the 10 year and the 30-year uh yield spiking. So, I think that it's unlikely that investors are suddenly going to find religion uh about all of the different things that could go wrong where you just had an earnings period that confirmed that the AI party is still rolling and you had Jensen Wong come out less than a week ago and tell us we've got visibility into 2028 and the growth numbers are still very strong. So, I think that realistically this is a temporary pause. But wasn't the tell in all of that that the market didn't react like you would have thought in Nvidia knocks the cover off the ball. Jensen Wong guides 70% revenue growth into 28 longer than they've ever gone before. And what have the stocks done since? Not much. Yeah. But you've heard me say that Nvidia's good news is good news for everybody else and less so for them. Right. as the biggest company in the world at $5 trillion. It takes a ton for them to be able to move a one percentage point at any given moment. But you look at the shares of like an Amazon, for example, or Microsoft, for example, or an Apple. All of these companies after uh Q2 earnings reports have done extremely well, especially the days right after the earnings sprint. So, I just think that it's unlikely that suddenly we're going to stop caring about that narrative and really focus on the things that we've been actively ignoring for the for the better part of a year now. >> What do you think? >> Uh I mean, I'm going to agree cuz I think Nvidia's multiple is capt. >> I do agree with Malcolm. Yeah. Uh because uh Nvidia's multiple has been sort of stuck uh in the high 20s in the low high teens, low 20s. Wasn't it like the lowest level in like seven years going into going into the print? >> Yeah. >> I mean, it was stuck in a good place. >> That's right. And to me, it's a sentiment barometer that investors can't be that bullion about AI until, you know, Nvidia follows like a Cisco path and rerates to a multiple of the S&P and I think that we're still quite a ways from that. >> You you think it deserves a higher multiple? >> Yes. Because they have a recurring revenue business. Uh their dominance in a sector and >> based on a lot of assumptions, right? the the the recurring revenue >> uh it yes in some ways Scott because the future is still uncertain but actually we can say five years ago we were uncertain about the future of AI and they've they were dominant back then so to me they have a they're not getting rewarded for their ability to navigate this AI trade so successfully and really being central to that future and and then at some point they'll be traded like an N of one company and have a high multiple. I want to bring in another uh point too in these markets cuz I mentioned it off the opening read what's happening in cyber because we are watching software today and that space comes off its best month since May its fifth best month ever. Fifth best month ever for software. What a difference a few months make. Well, some key earnings loom after the bill today including PaloAlto and Dell. Our Oliver Renick working up some options action for us in those names. He joins us now from the SIBO in Chicago with more. Hi there. Okay. >> Hey, Scott. Dell earnings after the bell. Arguably the AI report of the week. The stock is up 240% this year and options are pricing a 10% swing for the stock, which may seem big until you remember the shares surged 30% and 20% after its last two reports. In both those cases, the options underestimated the move. And traders today might be taking notice with volume now on pace for three times the 30-day average. Worth noting it was actually below average this morning but as the stock is pulled back options traders are pouring in. The volume is split between puts and calls but the premium is skewed towards calls and the most bought contract across 11,000 trades today is the 450 call expiring September 18th. That's a bet that Dell can hold at least an 8% rally over the next 3 weeks. Scott. >> All right. I like that look there. Oliver, thanks so much. That's Oliver Renick. Let's bring the the the panel back. What do you think about the software trade right now? People tried to write it off. Seems like a little too early. >> That's right. I think people gave up on software thinking AI was going to eat software, but it's proving to be what we consider a downstream trade to AI. And I think that the good companies are going to have new durable business models built around AI centricity. >> Malcolm, you've got some exposure in this space obviously. Uh, and now what do you look for with PaloAlto reporting tonight? Yeah, that's putting it lightly. I've got a ton of exposure here. I added considerably as the SAS apocalypse started to come upon us. Uh, and I'm glad to be vindicated in a lot of these names. Palo Alto specifically though, I'm surprised to see it trading negatively today. And I'm curious if maybe the fact that it's up like 175% from its earlier uh its lows earlier this year. And maybe because it's trading at like 85 times uh next year's sales, investors are just looking and saying maybe I better take some profits here before we get the earnings print just in case it goes the wrong way because looking at the week we had last week in cyber security name specifically. I would have expected the opposite effect. I would have expected folks to be piling into PaloAlto here. So it's a little bit curious to me. >> Young young, do you feel like we've we've turned the tables here? that what was at least seemed to me overwhelmingly semis over software now that the momentum trades having all this trouble are we back to software over semis well that's what it's been recently right and I think the sentiment in the software space just got far too negative and probably the sentiment in the semis got uh overly exuberant and then we have more of a moderation in both of those areas probably right now I think what we're seeing is just some healthy profit taking in the software space. I do think there are a lot of lot of durable business models out there that are going to find a ways to implement a AI and utilize AI in a way that can grow their business. Uh but I think both of these has kind of found more of a middle ground both the semi and the software space. >> What do you recommend right now? >> Uh well, you know, I I do like the AI downstream names. So I like the software names here and the mags and crypto >> better than semis >> I think for the moment. Yeah, because semis are still, you know, corrections are multimonths, but it doesn't mean I'm giving up on the AI bottleneck trades. I I do like financials and industrials, and I still like small caps, >> but the the role in in momentum is is curious. I'm wondering what you what you think about that. It's tumbled momentum. More than 9% since July 1st, lagging behind the S&P's almost 3% gain. On track is momentum for the biggest quarterly underperformance in 25 years. Yeah, it's understandable given the high-profile uh situation with situational awareness and how it caught many people off guard and I think there was a second sort of tremor which caught a lot of tech pods off sides on around Nvidia. So I think you had a double whammy to momentum. >> Yeah, I know. But there was a nice rebound right after that like a three or 4 day rebound that was probably the most powerful we've ever seen in the factor. >> Yeah, that's right. But there might have been people who were trapped longs that needed to get out. So I think it it it makes sense that you've kind of had some seismic effects and it might take a while. >> The other issue I guess Malcolm is that as long as now rates are so much in focus. Trades that looked pretty good on the cyclical side of the market aren't looking so good. I'm thinking of discretionary and industrials and I wonder whether that now calls into question the durability of any broadening that we thought was going to carry us higher. >> Yeah, I think that's a fair point. I think the spike in yields on bonds globally, not just here in the US, have certainly uh created some concerns at least in the last couple of trading days. And maybe we need to digest what that does to the thesis in all of those other uh secondary and third order uh companies and sectors that are impacted by the AI trade. But even more so, I would be curious how much the spike in interest rates is going to impact these hyperscalers that have been going to the debt markets all year and whether they're going to have to slow down the level of borrowing that they've been able to do because of the spread uh disappearing between what you could get in treasuries versus picking up the bonds of some of these companies, borrowing to build their next data center. So that could uh have a longer term impact on this AI trade and be the thing to sort of slow it down a lot sooner. >> Young, same question to you. the idea of this broadening where it goes from here. >> Well, broading is going to struggle as long as long-term yields keep pushing higher. And this 4.8% level of the 10-year Treasury is the same range where the equity market has struggled in the past. So, this level actually is important. I don't think stocks are going to fall apart here. But as we push toward 5% it's going to be a choppy market that we have and it's going to be difficult to make continued gains especially because a lot the concern is that a lot of the growth that we've seen recently does have a debtfueled element to it and so as yields push higher I think that growth gets called into question here. >> All right good conversation everybody. I enjoyed that. Thanks for being with us Malcolm we'll see you soon. Young you of course Tom you as well. >> Hey everybody welcome to blue cloud trading. I'm George. It is Tuesday, September 1st. It's the beginning of the month. It's currently 6:27 p.m. Eastern time as I'm recording this video. And the markets were all down today. You can see the S&P 500 was down 71%, NASDAQ down 1.03, Dow Jones down 79, and the Russell 2000 was down 1.14%. We saw Tom Lee in a clip from yesterday's episode of Squawkbox. We also saw him on today's episode of Closing Bill. We also saw Josh Brown on the halftime report earlier today. So, what we're going to do in this video, we're going to cover we're going to cover a bunch of stocks that were discussed. We're going to look at the indices. Let me show you guys what we're going to look at the technicals. All right. We're going to look at the SPY, the Q's, the Dow, the Russell, gold, silver, Ethereum, Bitcoin. We'll also take a look at a number of ETFs and stocks like Apple, for example, and Dell. And then we we also have one more stock right here that a member requested that I'm going to do some further analysis on as well. So before we get started, let me also show you guys what happened. And by the way, there's a new feature now in Finn Viz, which is kind of cool. It automatically detects candlestick patterns on any chart. So it's very interesting. They have a scanner now. So that's great. If you guys like this platform, this uh charting platform that I'm using here, Finn Viz and the TC2000, there will be links in the description segment of this video. And there's a discount for the TC2000 $25 coupon. So, definitely check that out. Anyway, uh let's take a look at find out what happened today. Why did the the market drop so much? US stocks closed lower as oil and treasury yields jumped after the new US strikes on Iran and Middle East tanker attacks. Crude settled at $9022 up 5.2% and Brent at 9465 after the US strikes on Iran followed attacks on two oil tankers in the straight of Hormuz and on US basis. Obviously, that's going to make a huge uh impact in the stock market here on these energy stocks. Energy stocks outperform led by com stock resources. That's ticker symbol CRK rising about 11%. Okay. And then uh Fervo Energy FRVO climbed 28.4% after signing a framework agreement with Google Energy for up to 3 gawatt of geothermal capacity. So, geopolitical escalation in the Middle East, inflation concerns, heavy government borrowing, and Fed, I'm sorry, Fed commentary from Kevin Worsh and Philip Jefferson drove a global bond sell-off. The 10-year Treasury yields rose to 4.79%, its highest level since January 25th. Wow. I'm sorry, January 2025. Uh traders are watching the upcoming ADP private payrolls data, additional earnings reactions, further economic releases, and any new develops in the Middle East. Let's take a look at the uh earnings calendar as well. I can see here tomorrow. All right, we got a few things like the NBA 30-year mortgage rate, but are there any other really major things happening uh this week? What we're looking for is these three dotted red boxes here. ISM services PMI that's going to come out at 10:00 a.m. on Thursday. On Friday, we've got the non-farm payrolls. That's at 8:30 a.m. and and the unemployment rate same time. So, Friday's going to be a big day, too. Okay, let's get into the stocks. Let's take a look and see what we uh how they performed. And we're going to use the indicator called Ichimoku. Most of you are familiar with this if you've been following the channel. Over here, you can see the percentage changes here. Everything was down today. Um, let me remove some of these lines just to briefly give you a quick synopsis of what we're looking at here with this because it can look a little bit confusing, especially if you're brand new to technical analysis and you're unfamiliar with all these lines. What we're essentially looking for looking at, folks, is price here. These little Japanese candlesticks. Now, there's the price. 76178 is where the price of the spy ETF closed. It closed 2 days now under the 9 period. That's the green line that you see there. We're using the Ichimoku indicator. The green line takes the midpoint of the last nine days in this case. Okay? And and basically plots it right there. So it takes the high, the low of each day, divides it by two, and then it plots it. It's very different than a closing like a moving average like uh the 200 day moving average. It looks at the closing prices only uh and then it calculates it. That's why sometimes this these moving averages actually flatten out as you can see here. So we've got the green line, the 9 period, the 26 period, the midpoint the last 26 periods. We've got the sync span A that's the midpoint of these two moving averages projected into the future. 26 periods. Okay. And then we've got the senospan B, the purple line here. That's the midpoint of the last 52 periods projected 26 periods into the future. And that's what creates the Ichimoku cloud. We want price to be above all these moving averages. Very important. Okay. And then there's one more lagging line that Chico span. It's in the basically in the background there. That's actually today's price projected 26 periods into the past in a line form. Okay. And when we see that white line is above the candle 26 periods ago, that's bullish. So let's take a look at the this is the daily chart. We can see we've got a few days of weakness here, but how does the overall structure of this look? The the trend. We can switch over to a weekly chart. And when you look at that weekly chart, we now have a better assessment. We're going to have a lot of noise during the daily charts, folks. It's just very common, very uh until until the indicators here break down on the weekly, I wouldn't be overly concerned. Okay, we're seeing a little bit of a pullback. We saw that over here and then price moved up. We saw it over here, but as long as price remained above that cloud, we were still quite bullish. We recovered. Um, you can see that even over here, price got under the cloud with the S&P 500 on the weekly chart. Okay, it actually gapped down, but then by the end of the week, this is a weekly chart here, uh, weekly candle, it closed inside the cloud. So, that continued the this uptrend. I mean, you can go all the way back to 2023 basically. uh and it where it emerged May 26th of 2023. This you know we're up basically from this point we're up about 80% 80% plus uh since then. Okay, for the SPY the S&P 500 ETF as far as I'm concerned we're still in a very bullish um rally here. Uh yes, we've had a couple of days here. You can see this little decline, but I again until this thing starts to break down significantly, I wouldn't be it's not a cause for alarm here yet. And I say that because September, October, October tends to be a little bit more uh scary month when it comes to the markets. Here's the Q QQQ ETF. Here it is in the daily chart. It's inside the cloud. So that looks even weaker than the SPY actually because it's inside the cloud and that's more bearish. Um weekly chart though is still strong. Price is above the moving averages. Price is above the cloud. How about the Dow Jones on the weekly? DIA ETF. Well, this one looks a little bit weaker in that, okay, price has gotten under the 9 period. However, this candle is still in the basically forming, right? It's in the process of um it's not has not completed yet because we're only in Tuesday. We'll know what this candle looks like on Friday. If on Friday, however, it stays it basically stays under 53073, okay, that's going to be a problem. Right now, we're at 52775. So, we'll see if we can get a rebound in these next few days on the and here's the daily chart again. Okay, and we had like again, this is this just happens over and over again in the charts. um you're going to see these uh pullbacks and then breakouts, pullbacks and then hopefully we'll see a breakout. At some point it's going to end, but it has not yet. And I don't see any signals technically here that that's going to happen quite yet. Uh let's throw some more lines here. Let's look at the Russell 2000. So the Russell 2000 is also looking weaker here in the daily. It's inside the cloud. If you look at the weekly chart, it's also two. Now, last week on Friday, the Russell closed under the the green line, the nine period. So, it's the probably the weakest of the indices here. All right, the Russell uh down 1.14% and it actually, you know, pretty drop, pretty big drop today. Here's a daily chart again. And that momentum is increasing, too. So, what we're looking at down below here is the directional movement index. When that red line's moving up, the green line is moving down, and the white line is moving up, that represents momentum to the downside. When we see the white line moving up, but the green line is above the red line, that's very bullish. Uh, let's go back in time here a little bit. You can see that happened right here. Hold on, let me just go ahead and throw a little arrow. Do you see that the green line was above the red line? If you look at the white line, it started moving up. If we go straight up, it led to this nice move, right? So, let's take a look at the VIX, which actually spiked a little up 9.32%. And that's not very good for the markets. I can tell you that the volatility is not good, but folks, believe me, all right, we don't want to see this spiking too much more. It's at 16.34. It's not a bad level. It's not a bad level. Uh, but if we, you know, we we get almost something that kind of looks like a double bottom here in the VIX. And yeah, I mean obviously and it also broke above this level here on the daily. I'm a little concerned. You can see the directional movement index is starting to turn green. We this is one um you know instrument um that we don't want to uh we don't we don't want to see this ticker symbol here moving up significantly more and even breaking through this cloud. What about FEZ? The Euro stocks? You can see them pulling back too now, right? those they've been pulling down pulling back under that green line on the daily chart for 5 days. But what does the weekly look like? It's still holding up. Okay. No major breakdowns. No major breakdowns. Uh we had more major breakdowns back here in uh in March 3rd, 2026. And that led down to about a 10% drop. GLD on the weekly chart, it's pulled back. It's still inside that Ichimoku cloud. It's above the green line. Here's a daily chart. It's inside the cloud. So that's also pulling back a little bit. Silver SLV, same situation here. Daily, here's a weekly. And so that's why, you know, as I said before, these particular ETFs, not a good idea to be investing until the weekly chart starts to show strength. You want to wait for that weekly to give us the strength. Look at here's an example. You can back test it. You can see over here where price got above some prior levels of resistance and look at that nice move that silver had and now it has been pulling back. Um let's take a look at Bitcoin IBIT. Here's the weekly chart. Couple of weeks now we've got these reversal type C candles. This could pull back more. Um daily chart looks more bullish because it's holding up above the 200 and it's building a base here. Okay. So, there's higher probability that we're going to get through that level, too, um, on the daily chart, but I wouldn't be, you know, diving into this unless you want to be trading this on a more shortterm um, you know, for the short term. And I would be using the daily chart, maybe the 2 hour as well. You can see here it's pulling back on the 2 hour. Ethereum, same thing on the 2our. Here's a daily chart doing something very similar. Uh let's take a look at oil K. Now oil K is interesting. Oil K is interesting. Here's a weekly chart. It prices above both of these moving averages. So it's above the green line, which is the nine. It's above the 26 week now because we're looking at a weekly chart. And the problem here is that the faster moving average is still onto the slower one. So it hasn't really proven itself 100% yet. We don't have all of the elements in the correct order. We want that green line to be above the red line typically as it was here. Um, but the cloud is bullish. Synch span A is above synchan B. Okay, that's another thing I didn't mention earlier. The sync span A, if it's under the single span B, that's that's tends to be bearish. But so things are starting to look better and better here for the crude oil strategy ETF obviously. And here is the daily chart. It broke through the cloud and stayed above the cloud uh for a second day because you can see that this morning the oil actually dropped. It gapped down and then the rest of the day spent uh you know the the bulls took control. Here's a threeinut chart that kind of shows you all of that. There's the gap down and the buying that happened. Maybe a 10-minute chart would show it better. There you go. Um okay. So now we're going to take a look at those um stocks and ETFs that they a lot of them not all of them because some of those stocks and ETFs may be in my portfolio and I only share that with BlueCloud Legend level members but we we can talk about the things that are not in my portfolio. So let's do that. Let's take a look at XLK technology and you can if you're interested in becoming a member um there's some information I'll go over that at the end but you hit the join button which is right next to the subscribe button on my YouTube channel. um XLK. So, oh, we're looking at a 10-minute. Let's take a look at the weekly. Still in a very strong uptrend. Overall, we're above the moving averages. The cloud is still bullish for technology on the weekly. On the daily, it actually looks quite bullish as well. The only thing is today was a down day, down 1.53%. It re-entered the cloud. So, it's not an ETF that I would go out and buy today because I don't know if there's going to be further a further pullback. Uh, it the market in my opinion, it tends to drop for 2 three days and then it starts to move up two three days on an average. I mean, it's just like um maybe sometimes a little bit more. You can see here this one here, this pulled back was about six, seven days or whatever. Um, but yeah, I so that's what where we're at with XLK. It's inside the cloud. It's not the time to be adding at this particular moment. In fact, let me take off the blue flag. Sorry. Shouldn't have had that blue flag there because price is inside the cloud. I actually didn't see that candle because it was hidden. You know, I had to zoom in to see that. All right, let's take a look at um Airbnb. A BNB is the ticker symbol. And this one is pulling back. This one's pulling back here. Um, let's look at the weekly chart. You can see that red candle. It's it's overall it's pretty bullish, but it's really far away far away from the moving averages. It's more likely to pull back a little bit further. Maybe retest this 17010 level. Goes back all the way back to 2024. Okay, it's possible. Uh, and let's look at the daily chart as it's dropping a little bit. Um, and we actually did get a nice little dogey candle. That's a reversal candle. So after a pullback, if you get something like this, uh, and price gets above the high of that candle, the 18421, it's a higher probability it's going to pop to the go back up again. AP is Amphenol Corporation. They talked about that company a little bit. Um, I think the green line is just barely under the red line. Yeah, the 9 period is under the 26. But uh I like the this sort of like setup situation that you're seeing here on the daily chart except for the fact that the future cloud is still bearish. So not all the elements are in order. CHAT is um the Round Generative Generative AI technology ETF that's under the cloud right now on the daily chart. So I would hold off on that one obviously. Dell is uh also just kind of stagnant here just moving sideways. you know, to undo both of the moving averages, but above the cloud. It was down 6.87%. Here's a weekly chart for you. Again, I'd wait for Friday to to see where this candle closes. And then ETH, we already talked about Ethereum. GRNY is the Granny Shots, US Large Cap ETF. That's uh Tom Lee's ETF. Here it is on the weekly. It's still holding up. You know, I think there's just so much indecision here. So much indecision. And so that's what causes the market to just move sideways. It's kind of boring. There's not a whole lot to do here except for sit around and wait basically, you know, and sometimes that's okay. We can we can do that. Um there are there's always something that's moving up in the markets like the oil stocks right now. GRNY is pulled back a little bit um on the daily chart. As you can see, it's under the 9 period. It seems to have stalled right at the cloud. I don't like the direction movement index what's happening here but yeah that's what that's the shorter term time frame. IBIT we talked about that one. IGV is the software index fund ETF and that also pulled back down 3.47% holding up above the moving averages. Everything looks good here on the daily but on the weekly chart the only negative here is this cloud is still the single span A is still under sync span B. Otherwise I I really like it. I think it's great. I think when this crosses above you can even see the momentum starting to increase here. You can also see the volume. See how this volume here is starting to increase. It started to increase and that led to this nice move because it all started around this point here. MTUM is the momentum factor ETF that's been pulling back a little on the weekly chart. It's currently still holding up above the 26. And here's the daily chart under the cloud. So no on that one. SMH semiconductors still dropping. So that's another one that I would uh hold off on. You can see here on the weekly chart, it's just in a downward channel right now. The SMH, the semiconductor ETF, XLI is above the 26 period, but under the Tenken, the nine period, the the Chico span. So remember earlier I mentioned how the white line that's the lagging line that she chu span that should be above price. It's actually inside the candle here. It's actually above the closing price. So it's still technically something that I would consider if it wasn't for the fact that price is under the 9 period. That's not a good that's not a go there for me on the weekly. Here's a daily chart under the cloud. So no on XLI, XLK um is we talk about that one and XLY is inside the cloud on the daily chart. So no on that one. Okay folks, let's take a look at STDN. Now this is Standard Nuclear Inc. This is one of our members requests. Here is a weekly chart now. It opened at $13.50. It's at 1656. You see the little pullback for three weeks, the first three weeks. Now, it's been moving up. Notice how there's no cloud here. That's because there's not enough data for the cloud to form on the weekly chart. But if we switch it to a daily chart, now it's starting to something is starting to happen here. You can see the cloud, the future cloud. You can see the chica span is above price. We can see the price is above the nine and the 26. And so, you know, so far it looks it's looking more and more bullish. Let's look at take a look at the 4 hour. More information right there. Higher highs, higher lows. Two hour chart looks great. 1 hour, 30 minute. There you go. It's been pulling back a couple of uh for about an hour and the at the end of the day. Um, so STDN technically it's something to certainly consider, but let's take a look also at the um some let's take a look at the fundamentals on this one. STDN. Let's throw it in here. See how that looks. Let's take a look at the some of the information some recent info on this RBC price target raise and recent Treso fuel deals fuel STDN's 6% gain on August 31st that came out on August 31st. This news information okay positive momentum from prior deal from August 20th. Let's see what else we got here. Let's forward. So for the week it's up 18.79%. for the month it's up 115.62. There's not enough information obviously yet. You know, that's the thing. And there's no earnings. Um what is this here? The first one August 27th, 2026. Says here there's a couple of negative surprises, but the revenue surprise was 11.77. Uh this is a 100. We're talking about let's see how how big is this company? Market cap is $2.59 billion. See profit margins that margins improving gross margins. You can see the gross margins improving the the uh let's take a look at I want to check out the cash flow on this company. free cash flow is is dropping significantly. So that's not that's a bad that's not good. That's not good. Um how many employees are there? Just 62. That's a little concerning but the company's doing it looks like it's so far starting to head up. Now techn I would only be trading this on a technical basis because there's just not enough information and data here in the fundamentals really to make any, you know, real decisions, right? At least it looks like their long-term debt is, you know, they're they don't have any. So that's good. And yeah, let me go back to the charts. If you're going to play if you're going to play this, you really you have to understand that they're not profitable yet. You got a profit margins of negative 336.18%. It's it's going to be strictly on a for for day trading purposes. So here's a 3minut chart for for example today. You can see how it performed. Um you can use this by the way you can use this indicator on any time frame 3 minute 5 minute 10 minute and you can see how the price has been pulling back here on the 10-minute chart finding some support at the cloud. So again daily chart is looking okay. Obviously, it's looking good. Weekly chart based on what we have looks okay. I would consider it. Um, let's take a look at one more thing, folks. My channel, by the way, you may want to check out this video. This one kind of went a little viral. It reached 120,000 views. If you haven't seen this video, came out 4 days ago. Tommy and Josh Brown just dropped their what was it? >> Halftime reporting. Scott Walker front and center this hour. Nvidia's >> their September market outlook. Okay. Um let's take a look at their free cash flow. So up here we go. Click on that little cash flow link. Check out free cash flow down below. You can see that it has been has been dropping. So, you know, technically it's very sound right now. Uh the fundamentals, there's just not enough data here to really analyze this. Um all right. Well, that's going to do it for this video, guys. Let me say this. If you're interested in checking out the member only video that I posted three days ago, you can click right on one of these boxes and the following thing will happen. It will pop up members only content. And basically what you need to do is select the um you can actually check it out. I'm doing a promotional thing if you want to check this one out. $4.99 and uh actually it's going to be let's see to unlock this video more choose a level. I think that YouTube actually made it $0. So you can actually try it out just for this one week. Um but then you would need to upgrade to blue cloud trader okay for next week and so on. If you want to get my daily updates on trades that I place, you would need to select BlueCloud Legend level membership and you get access to that. So yeah, why not try out the U membership? It's free. Hit the blue cloud supporter actually and then you'll be able to access that one um members only video. All right, folks. That's it. Thank you for watching. Look at some of the stuff that I watch here. It's kind of crazy, right? Uh, oh my goodness. You can tell a lot about uh someone from the stuff that they watch on YouTube, right guys? Thanks again. I'll catch you all in the next video. The ichimoku guiding light. Blue cloud traing through the night. Oo.