After exposing Friday's OpEx selloff for what it was — a one day 'rebalance' – a polite word for we just vaporized your monthly calls — it's time to move on. I already got a leg up on the bull [yesterday's blog] – in mid caps, and the Retail Space. Updated this morning.
3X retail Bull $RETL up 1.6% yesterday, and another +2% in pre-market, after $HD earnings came in "not as bad as expected", just as I predicted. I imagine Jim Cramer doesn't shop at Home Depot, but I sure af do, and I can tell you every time I go it's busy, and the customer service is better than ever. That's right they actually have helpful employees in the aisles, something that seemed to go away during the covid years. Is this some kind of late recovery? IDK I don't usually spend a lot of time updating the price action, but this time I'm making an exception.
We were looking for a, "sector rotation back into beaten up small caps, & mid-caps, over large caps. Instead we're seeing the risk-off trade gather steam. Midcaps may still play catchup, and the fund I'm watching actually ended higher yesterday.
— Veteran Market Timer (@3Xtraders) May 19, 2026
On the consumer cyclical front:… pic.twitter.com/xfclEyBpTv
The rest of the market pretty-much sucked, but I made the most of it - taking a 2 hr nap in the late afternoon💤 - it was one of those days where you could just tell the volume is light, when even a Trump zinger fired out of his Truth Social account, hardly moved the needle. Expect more unexplainable action, as the Memorial Day break approaches.
Bullish Names Flying Under Most Investor's Radar
Last week, 2 weeks ago we cover the AI buildout trade Wall Street refers to as the "Picks and Shovels" Read: The Iron Behind the Curtain - The AI Hardware Matrix They Forgot to Rename -
In that blog we covered $CAT, DEERE $DE [AI Hardware Matrix link], which have been lifted into the stratosphere, by the AI buildout boom, and today I plan to reveal a few more high flying bubble stocks to add to the list of household names you're sure to recognize.
1. AI sleeper $GLW Corning Inc. - recently up another 10% on earnings, and upbeat guidance - totally glossed over by the media, who were busy wringing their hands over what Trump might say, during last week's Xi summit.
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| Corning takes out the $200 target - pulls back to the 50 day sma |
Speaking of Copper (in relation to Data Center buildout needs) It was recently reported by Bloomberg, that copper was trading at all time highs - a total fabrication. Anyone with a copper chart can debunk what's being reported in less than a minute. CNBC Fast money clowns are bullish copper miners - how do they coordinate their stories? Bloomberg terminal I think.
Translation: triple top in copper
— Veteran Market Timer (@3Xtraders) May 11, 2026
Copper looks like a failed breakout, similar to the recent failed attempts in Natural Gas. My advice - stay away.
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| Trane Pump 'n' Dump |
4. GE - "We bring good things to life?" yeah, not so much.
Same GE that helped build Iran's nuclear program pre-1979 under the Shah. FF- 2008: Same GE caught up in the 2008 near financial collapse . Used FDIC debt guarantee (TOO BIG TO FAIL) program. Fast forward to today: GE is currently riding a massive AI wave across its three independent, post-spin off companies—GE Vernova, GE HealthCare, and GE Aerospace—as they leverage artificial intelligence to enhance energy infrastructure, medical diagnostics, and industrial performance. (google/ai)
Hate the company - love the $GE (GE Aerospace) chart: Trading in the same downturned wedge - same pattern I highlighted, before $SOX broke out, back in April
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| GE Aerospace Chart |
If the lousy market action continues, blame it on the low volume. Many traders are already getting ready for a weekend at the lake house, and probably won't be back anytime soon.
Take care, and have a great Memorial Day weekend.
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