Author: Ivanhoff

MarketSurge powers the charts in this video.

The stock market is bifurcated. While small caps Rusell 2k is flat for the year, the Nasdaq 100 is at all-time highs and up 17%. 

Most stocks related to AI continue to shine. 

NVDA is at the center of it. It is up 900% since January of 2023 and keeps making new all-time highs. The winner is taking it all because Nvidia’s competitors, AMD and Intel are falling way behind.

AI server stock, HPE made new all-time highs last week. The other stocks in the space have also done well. DELL sold off after their last earnings report and it is starting to hold near its 50dma – it could be a potential stage for a bounce if the market remains stable. SMCI had a big jump last week and it is setting up for a potential test of 900.

AVGO crushed earnings estimates and made new all-time highs. ANET moves in sympathy and it is also there. ARM and QCOM are also near all-time highs.

AI data centers need memory. MU is at all-time highs. They also need transistors – COHR is at 52-week highs and probably headed for all-time highs at some point.

Cybersecurity is likely to be the biggest threat and opportunity with AI. CRWD is at all-time highs. PANW and CYBR are setting up for potential breakouts.

Amazon, Google, Microsoft, and Meta are at the forefront of AI. All of them are near all-time highs. Even Apple woke up and had one of its best weeks. 

The market remains excited about anything AI-related. The dips in those names continue to get bought. Lately, there haven’t been many dips to buy. Mostly straight-up action in the AI space. It remains to be seen if anything will change because the rest of the market is not having a great time right now. It’s a market of stocks environment.

I recently published a few children’s books. Check them out if you have kids or friends who have kids: Investing for babies, Trading for babies, Meditation for babies. You can find my other trading books on Amazon here.

Try my subscription service which includes a private X feed with option and stock ideas, emails with concise market commentary, real-time market education, the Momentum 40 list of market leaders, and much more. See what subscribers say about my educational service.

Check out my free weekly email to get an idea of the content I share with members. How my ideas/alerts did.

I published a new trading book recently (2023). Check it out on Amazon.

Disclaimer: Everything I share is for educational and informational purposes only and it should not be considered financial advice. Read my full disclaimer here.

MarketSurge powers the charts in this video.

SPY is at all-time highs and yet there are more stocks hitting new 52-week lows than 52-week highs? Historically, this has led to a pullback in the next few weeks. This doesn’t mean that it will happen again but it is something to consider when taking on new positions. Maybe risking less and being more selective is the way to go.

There are still decent setups that lead to quick 1-3-day moves but volatility has picked up and we are seeing more reversals.

One of the groups that stood out last week was social media. META broke above 480 and it is now consolidating. PINS followed through to new all-time highs. SNAP also bounced on Friday.

Semiconductors had a big breakout. A few that have set up for a potential move higher include LRCX, AMAT, AMD, etc.

Crypto-related stocks and ETFs had a strong week up until Friday when most sold on heavy volume. It seems interest rates impact crypto too. We saw a big bounce in rates after a much hotter-than-expected jobs number on Friday.

In the meantime, the US Dollar also had a big rally which put pressure on most commodities.

I recently published a few children’s books. Check them out if you have kids or friends who have kids: Investing for babies, Trading for babies, Meditation for babies. You can find my other trading books on Amazon here.

Try my subscription service which includes a private X feed with option and stock ideas, emails with concise market commentary, real-time market education, the Momentum 40 list of market leaders, and much more. See what subscribers say about my educational service.

Check out my free weekly email to get an idea of the content I share with members. How my ideas/alerts did.

I published a new trading book recently (2023). Check it out on Amazon.

Disclaimer: Everything I share is for educational and informational purposes only and it should not be considered financial advice. Read my full disclaimer here.

You know the saying: if you can’t explain a subject to a five-year-old, you don’t understand it well enough. This is exactly what I aimed for in my new books. This time, I tried something new. I created children’s books in areas where I have expertise: trading, investing, and meditation. Although my son is still too young for those books (a little over three months old), one day I will read them to him. If you have kids between the ages of two and fourteen or know friends who have the same, these books would be an excellent and entertaining introduction to the fields of trading, investing, and meditation.

Investing for Babies

Einstein said “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who does not, pays it,”. The language of money is an essential skill everyone can learn. Help your kid have a headstart and inspire them about the possibilities of investing while reading this book together. Some adults might learn a thing or two too. It is never too early or too late to learn the language of markets.

Trading for Babies

If you learn how to trade stocks profitably, you might never have to work a day in your life. It all starts with the basics. Help your kid learn and understand the foundation of successful trading by exploring this book together. Give them a huge advantage in life. If they understand how to trade successfully, they will have the freedom to choose any profession in the world because they can always supplement their income with trading. You can too. It’s never too late to start.

Meditation for Babies

One of the most important life skills is the ability to calm your mind before, during, and after a stressful situation. Learning the basics of meditation from a young age can give your kids that essential skill and prepare them for life. Read this book together and help them become the best version of themselves.