Yesterday I got into my car and the dashboard said it was 104 out ( it was parked in the sun ) today I got in it the same time as yesterday and it said it was 85 out. That is a 19 Degree difference. That made a world of difference. That is what tech investors are feeling, some relief. Is the sell off finished? I can’t call that, but I do know this close in NVDA today is encouraging. This is the chart of NVDA that I posted on June 21, 2024… Those levels still hold true today. What is good news is that the bulls not only defended the 120 area I spoke about last night but that they closed up north of the 125 area. Which is where it was at when I first posted this.

CHWY, are you kidding me? I wrote about that back on May 29, 2024, at that time I entered with a small position. The base it formed the past few months is beautiful. I however prefer breakouts that occur at the top right side of the chart, not the bottom right side. I was hesitant. In those 3.5 weeks since that post CHWY is now up 50% as of today…. Not bad shootin.

FDX which I mentioned Sunday night is killing it right now AH.. It blew earnings out of the water and is up over 16% AH as we speak. Like I said Sunday, I still believe that transportation stocks matter. NKE reports this Thursday.

RNA is one that keeps hitting my scans every night. Why I am not 100% sure of, what I do know is that it looks like it’s winding up for another possible breakout. It might be time to take a look and see what’s going on there. CSCO is one that keeps popping up too, I have played that many times over the years and when I do keep a close eye, when it moves it moves.

AMZN, oh okay Mr. Bezos, your keeping it here forever bc your personally mad at me, okay got it, grrrr……. Still no add on signal here yet, yetttt…..

Stocks can’t stay hot forever, they need breathers just like us, to calm things down and cool off. And when they give us those 19 Degrees back, keep sight that it all can change in as fast as a day

Invest wisely, live charitably and be well

Brother Bill

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