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Tuesday, July 11, 2023

The tech shorts continue to be hammered, + another stealth bull market discovered! #FAAMG

 Continuing from yesterday "Exposing The Hopelessly Rigged Stock Market""

This morning I decided to chart a couple more individual tech stock bear ETFs, and add them to the public charts area. 

For example the leveraged AAPL short fund $AAPD 

$APPD - hammered at the upper channel line, right on schedule.

 Microsoft of course 

$MSFD 1X Microsoft bear continues to be hammered 

FAAMG Stocks Trading At Precarious Valuations forbes 

Semiconductors should continue to lead... 

Taiwan June exports slump the most in 14 years on weak China, US demand Reuters 

From TSMC to Samsung, Asia’s chipmakers struggle to go green financialtimes 

Operating profit dropped 96% to $459 million, according to an earnings note it published on its (Samsung's) website. Reuters 

96% decline in earnings, isn't a typo! 

Correct me if I'm wrong, but I would think chip sales would be booming, with the AI boom? 

And speaking of Samsung and AI; I'll bet you never saw this story (below), reported by the corporate owned financial cable news channels!   

The broader market 

The rest of the market continues to tread water, trading in exactly the same place it was trading 3 weeks ago. 

The Stealth Bull Market in $SPX value fund $IVE 

$IVE ($SPX value ETF) - breaks out to new all time highs! 

Related: Ditch surging Big Tech stocks and pivot to value instead, The Wealth Alliance CEO says businessinsider

As you can see on the chart above, the price action is only testing the top of the pattern, so it may be a little premature to break out the party hats. 

Adding $IVE to my radar, and the chart to the public charts area.  

Take Care, AA 

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