Interesting...
The president also conveyed a belief that U.S. companies should report earnings every six months, instead of on a quarterly basis, which will save them money and enable a stronger focus on running their companies.
NVIDIA is worth 6 Walmarts (WMT), 11 Costcos (COST), 20 McDonald’s (MCD), or 25 Citigroups (C). Taking it further, it could swallow 38 Nikes (NKE), 45 Starbucks (SBUX), or 50 Dells (DELL). At the extreme end, NVIDIA’s value equals about 60 UPS (UPS), 78 Chipotles (CMG), 94 Fords
I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it comes to Public Health. The Safety and Health of all Americans is the most important role of any Administration, and HHS will play a big role in helping ensure that everybody will be protected from harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives that have contributed to the overwhelming Health Crisis in this Country. Mr. Kennedy will restore these Agencies to the traditions of Gold Standard Scientific Research, and beacons of Transparency, to end the Chronic Disease epidemic, and to Make America Great and Healthy Again!
Market clearly in daily/weekly uptrends and could dip much further and still be the case....in micro-term....need to recapture a short-term resistance level and hold it. I had expected us to pull in more to 20EMA...and still could......either scenario want to base/chop and accept above. Thought is need GOOG AMZN (other names besides semis) to pick up slack as semis chop....GOOG pushing out today, AAPL MSFT consolidating well so far...semis firmed on support (20EMA) but could resist 10ema and keep chopping....would be normal with how weeklies are there/
A follow up to today's earlier post. The red bar below the chart shows more 52 week lows than highs depsite indexes sitting very close to all time highs. This action is typical of a market going through distribution or at best rotation.
Despite the Nasdaq at new highs, only 24 stocks are also at new highs, while 43 are at new lows. This is not typical of a strong or healthy market, and unless it improves, it is a warning to me to be cautious and focus on risk management vs. Buy setups.