Tuesday, April 25, 2023

There's Always A Bull Market Somewhere...

 Did I nail the direction, on yesterday's outlook, or what?! 

I'm not going to repeat the analysis I gave in yesterday's blog; but when I'm absolutely spot on; on so many fronts, sometimes I have to pinch myself, to make sure I'm not dreaming! 

Europe

My due diligence pays off, as both BofA and JP Morgan agree, it's time to sell Europe. 


Tech Earnings kick off with a bang as microsoft beats... How do I already know that..? Because the chart says so. 

$MSFT Microsoft can at least retest the recent highs, after yesterday's reversal candle. 

  


That's really the only earnings that matter, because this is the top holding in the $QQQ 


Speaking of the Q's 

If you did your due diligence, then you know PepsiCo is another major component, and you already know that one was seen breaking out to all time highs, again yesterday. "There's always a bull market somewhere", if you know where to look. 

 Here's something I didn't see coming, and that was ExxonMobil breaking out to new all time -intra-day highs; of course this is another favorite among the bulls who continually manipulate the broader market, so it's no wonder we had to wait another day for a pullback.... 

What's going to be interesting to see is if they take a page from last year's playbook, and drive Energy higher, as they take profits in big tech in 2023?  

Take Care, 
AA 



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