Josh Mullins

25+ years studying markets. Went full-time. ETF breakouts, theme-first momentum | CANSLIM/VCP/EP style.

[Josh Mullins @ETFbreakouts]

I think $ADBE may have finally bottomed! I'm not a bottom fisher. But I know X has been calling the bottom since at least $400. Now you can get $ADBE for a 50% discount.

[Josh Mullins @ETFbreakouts]

@allaashish @wey_how12640 @Venu_7_ @spluscollective own 2 of them, adding the 3rd tomorrow!

[Josh Mullins @ETFbreakouts]

980 stocks up 4%+ today! An unexpected breadth thrust! Lows are likely in.

Quite a few setups on the boards. Added a handful of names the last 2 days.

Today also experienced the first accumulation day for both the $SPX and $COMPQ since 5/26 & 5/28.

$VXN peaked right at the same levels as the March selloff.

[Josh Mullins @ETFbreakouts]

$IWM and $MDY outperforming $SPY! So far this correction is focused primarily in the large and mega-cap space.

[Josh Mullins @ETFbreakouts]

@SRxTrades Picked up some $CIBR $PANW and $DDOG. Because I felt the same way. And I have been waiting for an entry for weeks!

[Josh Mullins @ETFbreakouts]

For as bad as $SPX and $COMPQ looked today, underneath the surface positive improvement in the % of stocks above 5/10/20/50/200 DMA. This is my T1 & T2 universe of stocks, it excludes illiquid trash stocks (Avg $ Vol < $10M)

$CIBR holdings may have / hopefully put in its first low after a explosive move higher!

[Josh Mullins @ETFbreakouts]

@Muninn This is amazing! It earned a spot on my Bookmark Bar, not buried in my bookmarks!

[Josh Mullins @ETFbreakouts]

I was just thinking Friday reminds me of 10/10/26. Nice uptrend, then huge downday and after that, chop city. But then the gap moves in early November remind me of the gap moves that preceded Friday's sell off. Gaps after a big run always throw up my caution flag!

Wish I knew if chop city was coming!

[Josh Mullins @ETFbreakouts]

@traderhc $WEAT and $CORN are also in freefall!

https://t.co/o5vJwAjNBB

[Josh Mullins @ETFbreakouts]

Does this look like inflation is going to be a problem to you?
$WEAT $CORN

[Josh Mullins @ETFbreakouts]

@FranVezz At least you had $SQQQ to offset some of the pain!

[Josh Mullins @ETFbreakouts]

$QQQ I don't predict, but I do like to find levels on pullbacks. Ideally 3 line up for conviction, but when the market is well into ATH after a lockout rally, the only way we will see 3 levels line up is a retracement all the way back to $630 which is the 0.618 retracement.

I think the momentum is too strong and the more likely retracement is to $675 - 50 SMA and the 0.382 retracement.

Not that I buy these levels. But if I'm still in my $SQQQ short (have 1/3 of my full position remaining after Friday's route), this is the spot I will cover for sure.

[Josh Mullins @ETFbreakouts]

My ETF strategy was sub-par because of poor execution. $TAN ~$55, trade entered, nah - cancelled. But even worse! $WGMI ~ $48 - trade entered - nah - cancelled. And I double screwed up and chased it later only to get shaken out!

My stock strategy was the best run I've had, but still far off from superperformance. Pyramidding is a weakness of mine

[Josh Mullins @ETFbreakouts]

@LindaRaschke Luckily the 3rd extension and a few other signals I track slapped me in the face Wednesday, this was the “why the hell am I max leveraged?” Saved my 1/2 my profits!

[Josh Mullins @ETFbreakouts]

Feeling grateful and lucky today.

For the few that saw my post on Wednesday 6/3/26, I made 2 big reductions to my holdings and ended up shorting $QQQ via $SQQQ. Had I not listened to:

1)terrible market breadth: Adv/Dec was negative 4 of the last 7 days preceding 6/3 while the market was making ATH.

2)Market was overall extremely extended and on its 3rd extension with multi-day (not multi-week) pauses.

3) Gaps on both leading stocks and $SMH after extended arguably some parabolic moves. Gaps after extended moves should alway be taken into consideration!

4) % of stocks > 200 DMA declined from 5/28 to 6/3.

Review my posts, I have the receipts. Review all my posts, I have been buying since April.

In hindsight I covered my 1st 1/3 for my $SQQQ way too early, but this was my first target and I never thought we would see a almost 5% down day today!

[Josh Mullins @ETFbreakouts]

Does this look like inflation is going to be a problem to you?
$WEAT $CORN

[Josh Mullins @ETFbreakouts]

$AVGO and $CIEN reported beats and both guided higher, yet they are both down big. This is a sell-the-news event in an overextended market, not the AI is dead story the perma-bears are screaming. I posted yesterday reducing exposure due to the poor breadth, this is confirmation the market is finally going to take a breather.

"Demand of inference is insatiable" per $AVGO CEO Hock.

$AVGO Q2 FY26:

Q3 rev $29.4B, +84% YoY (~10% above buy-side)
Q3 AI semi $16B, +200%+ YoY (above expectations)
FY26 AI $56B (+180%) | FY27 AI >$100B reiterated

$30B AI bookings vs $10.8B shipped. Visibility extended FY27→FY28 in one quarter.

$CIEN Q2 FY26 — clean beat AND raise:

Rev $1.57B, +40% YoY (vs ~$1.5B cons)
Adj EPS $1.64, +290% YoY (vs $1.45 cons)
Adj op margin 19.5%, +1,130bps YoY
Adj EBITDA $342M, +193% YoY

FY26 rev raised to $6.3B (+32% YoY at mid).
Q3 guide $1.625B.

AI-driven WAN + datacenter connectivity ramp showing up in margins.

[Josh Mullins @ETFbreakouts]

$AVGO down 14% After hours - revenue miss. Q3 guide increase of ~$0.87B not enough to offset the narrow revenue miss being ignored.

Reported Q2 FY26 revenue of $22,187M (+48% YoY, a record) and non-GAAP diluted EPS of $2.44 (+54% YoY). Against the Street, EPS beat ($2.44 vs $2.40, +1.7%) but revenue narrowly MISSED ($22.19B vs $22.27B consensus, -0.4%), and Infrastructure Software ($7,178M) came in short of the ~$7.32B expected. The Q3 guide of ~$29.4B revenue (+84% YoY) vs ~$28.53B Street, with management guiding AI semi revenue to ~$16.0B (+200% YoY).

[Josh Mullins @ETFbreakouts]

$MAGS making a lower low! more risk off for me

[Josh Mullins @ETFbreakouts]

$XLF lower low, failed to reclaim the 200 DMA.

Breadth has been terrible the last week, more stocks down than up while $SPY and $QQQ are hitting ATH.

I was 220% invested coming into this morning, been on margin since late April. Time to reduce risk.