I think it should be illegal to report fake news — but then what would we all watch for entertainment? 🤣
Yesterday — Dell: A false rumor kicked off at "Semi Accurate (that's the name of the mf website [link]!)" — courtesy of a writer whose own X profile brags about being a "Roving engine of Chaos and snide remarks." Didn't stop CNBC or Bloomberg from running with it. The "rumor" disclosure? That came after Dell had already traded to new all-time highs. Classic.
Today — United Airlines: CEO Scott Kirby reportedly pitched a merger with American Airlines in a meeting with President Trump. Of course it's not happening — for about a dozen obvious reasons — but it was enough to spike the stock 9% in premarket. 🤣
Two Stealth Bull Market Rallies Being Mostly Ignored
1. Transports — Traded to new all-time highs yesterday, up another +2.5%, juiced in part by that United/American merger whisper. Seeing a pattern here?2. $SOX Semiconductors — Chips continue breaking out to new all-time highs, up another 1% in pre-market last I checked.
Chart says: Possible whipsaw back to the top of a broadening triangle — guessing wave (D)? I'm standing down...
S&P — Rallied to new highs after reclaiming the exact support level I flagged Friday night [link → blog → tweet]. Snapped back, and the rest was history.
Bank earnings? Another distraction — just like the endless Iran/oil theater (crude lower again). Smoke and mirrors from the lamestream media.
P.S. $TPOR (3X Transportation Bull ETF) isn't tracking $TRAN. Only up 1.5% yesterday. Check the components.
P.P.S. The elephant in the room is monthly OPEX. If you're smart, you're already hedged.
The rumor mill is working overtime. Bullish desperation hiding in plain sight — and somehow, it's working. Everything else is just noise to keep you chasing headlines instead of the tape that actually pays.
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