About this transcript: This is a full AI-generated transcript of JOSH BROWN SHARES NEW BEST STOCK PICKS (07/21) Stock Market Analysis from Blue Cloud Trading, published July 22, 2026. The transcript contains 17,652 words with timestamps and was generated using Whisper AI.
"Blue cloud trading through the night. Welcome back to the channel, everyone. In just a second, I'm going to play a few CNBC clips from today's episode of the Halftime Report. I'm going to pull up the charts and dive into the technicals of some of the mentioned stocks. We're going to look at the key"
[00:00:00] Speaker 1: Blue cloud trading through the night.
[00:00:06] Speaker 2: Welcome back to the channel, everyone. In just a second, I'm going to play a few CNBC clips from today's episode of the Halftime Report. I'm going to pull up the charts and dive into the technicals of some of the mentioned stocks. We're going to look at the key support, resistance levels, momentum, and see if the price action actually backs up what the talking heads are saying. Hit that like button, subscribe if you haven't already, and let's roll the tape on the first clip.
[00:00:33] Speaker 1: Thank you, Carl, and welcome to the Halftime Report, everybody. I'm Leslie Picker, in for Scott Wapner today. The Investment Committee making some key trades as stocks bounce following a three-day slide. Joining me now for the hour to break down the moves, Joe Terranova, Jason Snipes, Stephanie Link, and Josh Brown. Let's get a quick check on the market. The three major indexes near session highs right now. The Dow up about 0.7 percent, the S&P up about 0.8, and the NASDAQ, the leader here, up about 1.2 percent. Thanks, in large part, to the AI infrastructure trade getting a pretty significant bounce today. And I want to start with the key question, too, Josh, is whether this is a factor unwind in terms of momentum and a lot of the AI infrastructure exposure or a fundamental unwind. This is a question that Wells Fargo was asking this morning. And if it is purely factor-based and positioning-based, do you feel like that unwind is to a point now where it's completely been flushed out?
[00:01:30] Speaker 3: Well, it doesn't matter what I think because the market is telling you that they're buying the dip and they think that most of what went on was technical and not fundamental. That's why the entire AI trade is ripping today. Not just the semis, but all the non-technology companies that have been caught up in this whole AI, CapEx, build-out theme. They're all up. DRAM's up 10 percent today. The top-performing stocks in the S&P, Sienna, SanDisk, Western Digital, Micron, Intel, AMD, Corning. So it's all one trade. The trade got washed out this month. Joe made a really good point, I think. And we had this handoff underneath the surface of the market that allowed us to not give up too much ground in the S&P at the index level. And the market today is telling you they want to be long these names. Now, why today? This is the thing that nobody's brought up yet. If you're bullish on this theme, you can't not be in these stocks ahead of Google because what the Google earnings report does for us every quarter is it serves as this sort of like come on into the revival tent for Brother Love's Traveling Salvation show. It's the affirmation that everybody needs to hear about the state of CapEx, the forward guide for CapEx, the fact that all these projects are going ahead, maybe even more projects than we thought about 90 days ago, the last time they reported. So, like, if you're bullish, you need to be in ahead of Google, not sitting on the sideline because this is arguably the cleanest AI story in the entire market from a hyperscaler perspective. I also think, you know, it's a really healthy tape. The fact that we had these stocks, 20%, 30% drawdowns, you would have thought, oh, no, now the whole market's going to sell off because it lost its leadership. Number one, that didn't happen. And number two, this has been a really helpful reminder for traders. Ain't no such thing as one-way trades. It doesn't exist. The best stocks in the market, the most powerful names, the best earning stories, they're going to have down days, they're going to have down weeks or even a down month on the way toward higher prices. We need to get that reminder. If they just go parabolic every single day the market opens, then you're in for a real crash. And fortunately, this is what keeps the market honest. This unwinds some of the leverage. This gets people to actually hit the sell button on some of these 2X ETFs. Like, this is what you need for a longer-term uptrend. So I'm really pleased with the way not only these stocks are rebounding, but the way the overall market is processing what's happening and living through it.
[00:04:21] Speaker 1: That's a really good point with regard to Alphabet earnings and the timing.
[00:04:24] Speaker 3: I am very good at this.
[00:04:26] Speaker 1: You got some experience there. Also in kind of the fundamental camp of why we're seeing semiconductor stocks move higher today, you've got Taiwan June export orders that were kind of skyrocketing. TSMC reportedly looking to raise prices 10% next year. That's according to Nikkei. So I guess the question is, given what we've seen in terms of positioning, given some of the fundamental stories that we're digging through today, and Josh's point about Alphabet earnings, do you think these moves hold?
[00:04:57] Speaker 4: I do. I do. And I think all that's what's transpired thus far, this is a matter of positioning from my standpoint. Obviously, the SOX or the SMH, whichever index you've been on, the semi-side, have run, to Josh's point, I mean, they've been parabolic runs that we've seen in the first half. And it is healthy to see other sectors participating, like health care, financials, industrials, starting to move. And I think to Joe's point, if you're not in there, this is a potential opportunity. Because to your point, Leslie, at the top of the show, 48% of earnings growth is going to come from the semiconductor index going forward. So there's clear visibility on what those profits look like. CapEx is not going to slow down. You're going to hear that from Google tomorrow. They'll reaffirm and potentially raise. I think you're going to hear that from most of the hyperscalers. So I think that is not a place to ignore. And this kind of disruption that we've seen over the last couple of weeks, I think, presented an opportunity if you're not there.
[00:05:53] Speaker 1: How should we think about CapEx, and especially against this backdrop of the Chinese model competition, how critical is OpenAI and Anthropic in light of that competition to fueling the massive CapEx build-out? Do you think it still continues if there is significant open-source competition from China that starts to eat away its share of Anthropic and OpenAI? Is it as much of a correlation as the broader narrative may think right now?
[00:06:21] Speaker 4: So I think it's an interesting story. It's kind of like a mini deep-seek moment that we experienced a little over a year and a half ago. I don't think that slows down all the octane and the fuel in that trade. I think the CapEx story continues to be reaffirmed and move forward. But I do think we might see some discipline in the next few quarters, right? I think this is good from a disruption perspective. Listen, it's a China-based company. We're not going to be investing heavily in that direction. But I think it is a story that maybe changes the dynamics from firms going forward and how they manage this narrative. But I don't think it changes the CapEx.
[00:07:02] Speaker 5: So I don't know that the memory names or semi-equipment names, they want that discipline in CapEx. They want to see the CapEx continue. Right. I think the CapEx is really important tomorrow night for Alphabet because it makes you think about two things. If the hyperscalers continue to increase CapEx, what's the effect on free cash flow? We know the obvious answer to that. Does it look so good? And then what's the effect on buybacks? So does that story change for the mega caps? Now, to Josh's point, you have the first pure example of monetization tomorrow night with Alphabet. It comes in the form of cloud. So consensus says 63% growth for cloud. Right. The whisper number is 70% for cloud. I think it's going to be interesting tomorrow night because of the TPUs, tensor processing units. So does that mean that Alphabet benefits from maybe not having to spend as much because they have the internal usage of these chips that maybe some of the hyperscalers aren't? So I think tomorrow night is really going to be one of the more interesting mega cap earnings reports. It's going to set the stage. It's going to set the tone for memory. It's going to set the tone for semi-equipment. But I think it's also going to set the tone for whether this rotation into the mega caps can extend itself further.
[00:08:26] Speaker 1: Jason, what are you expecting tomorrow?
[00:08:28] Speaker 4: Yeah. No, I think the cloud number is a very important number to kind of extract there because even last quarter was just a, I mean, a blowout 60 plus percent, you know, revenue growth number. So that I'm definitely following. I think, you know, search and ads still are the core bar, right? I think that's going to be important. Revenue growth of around 21 percent, we're expected to see. But I think if we can get closer to that whisper number of 70 percent, that's going to be the story as Google Cloud continues to get market share in this space, right? AWS has been the largest player here, but they're continuing to get market share in Azure and others. So I like the story. I like the vertical integration. The full stack. The full AI stack. You got it.
[00:09:13] Speaker 1: We've got some headlines coming out on Apple. So let's get to Mackenzie Cigalos with those. Hey, Matt. Hey, Leslie.
[00:09:18] Speaker 6: So Apple reportedly launching a new leasing program with Klarna. They are calling it Apple Upgrade, and it apparently launches a week from today. That's according to Bloomberg. Now, this would be one of the most significant changes yet to how Apple handles sales. I am out to Apple and Klarna on this, but the report says the Klarna-backed service will cover most iPhones, Macs, iPads, and Apple Watches, both online and in U.S. stores. Customers would essentially make monthly payments into the program. It would also let them upgrade their device early. And, of course, this comes right after Apple raised prices by around 20 percent across several products like the Mac and iPad lineup. With iPhone, hikes also expected this fall. Leasing lets Apple shift the focus from a higher sticker price to a lower monthly payment. Apple had previously looked at its own in-house hardware subscription program, according to a report, but canceled that plan two years ago. Partnering with Klarna really gives Apple the same kind of sales tool that they had been looking to offer, but without having to single-handedly shoulder all the financial risk that comes with it. Now, I will say, shares of Klarna, they're getting a boost on this 2.5 percent. Apple shares also higher. But I'm looking at shares of Affirm as well. That is Klarna's chief rival. They're trading lower. They've been Apple's go-to BNPL provider through Apple Pay. So, I'm sure investors want to understand why they aren't working with Apple on this new leasing program.
[00:10:41] Speaker 1: Leslie? Yeah. Yeah, that would be an important partner for Klarna. Mackenzie, thank you so much. Josh, I want to get your take. Does this type of partnership attenuate some of the concerns surrounding the price hikes that Apple has been doing? Does it help the consumer picture for them on the demand side?
[00:10:57] Speaker 3: Yeah, look, I think what the consumer is going to be wanting a year from now is way, way less interaction manually with all the apps on their phone. They're just going to become. So, right now, what's happening is everybody is becoming accustomed to just having on-demand information, whether you're using Claude or you're using Gemini or you're using ChatGPT. Just this ability, ask a question, get an instant answer. It's partly replacing search. In Google's case, it's actually augmenting the searches that would otherwise have happened in a plain vanilla way. They're now becoming more assisted searches with AI. But regardless, this is a behavioral change. And Apple knows what's going to come after this. Why do I have to ask questions? Why can't I give commands? So, people who are working in coding are already fully having all of that workflow happening on a command-by-command basis when they're using either Codex or Claude Code. The normies, the regular people, they're not quite there yet, but Apple is trying to get ahead of that. And so, having an agentic experience on your iPhone, telling it to pay for something, telling it to order your favorite thing from Starbucks, telling it to send money from your bank account to two friends because you're all going to a concert together, telling it to book a flight, telling it to arrange a hotel, that's the experience that Apple is trying to get ahead of here. So, this is, like, one micro example on the payment side or on the new phone side. But, like, the bigger picture is agentic Siri and an iOS where all of the apps are forced to talk to AI and implement the things that the users are telling them to implement. This is coming so quickly. People don't even understand. I think we'll get a glimpse of it on September 1st. This is when John Ternus takes over officially. I know that's the date that people expect them to roll out the foldable phone. I don't think they're going to not talk about AI, obviously. Doesn't mean we'll get the product on that date. But everything happening with the Apple share price in the last couple of weeks, which we've been pounding the table on on the show, has to do with that. The expectation of the consumer in 2027 is what Apple has to spend the rest of 2026 preparing for.
[00:13:25] Speaker 1: Yeah, it sounds like good news for us normies out there. I consider myself one of those. But I have to wonder what it means for software, Steph, as we think about this. This morning, we saw Morgan Stanley downgrading Salesforce and Adobe, asking the question, when does a willingness to disrupt itself play out? But they do think that the market has become too negative on software overall with Key Overweights, Microsoft, Palo Alto Networks, CrowdStrike, CloudFlare, ServiceNow. I know, Steph, you own Palo Alto, CrowdStrike, and ServiceNow. Curious where you think we are in terms of software.
[00:14:02] Speaker 7: I have the most conviction in cybersecurity, and I have for the last three years, because of AI. I have said many times, I think cybersecurity is bigger than AI, because of AI. It is not secure. And we're doing more and more AI coding, and that makes it more dangerous. And so these companies, really, the cybersecurity companies fell in February and March with the rest of software, which I thought was silly, and I was buying. But by the way, so were the CEOs. Both CEOs of CrowdStrike and Palo Alto bought a bunch of shares, and it's because they see that their business is not disrupted at all. In fact, it's accelerating. Why I think Palo Alto has re-rated is because we couldn't really figure out the inorganic growth and the organic growth, because they've done a lot of acquisitions, $30 billion in the last six months. And so now they're breaking it out, and now you can see the net new next-gen security annualized recurring revenues and where they're coming from and where it can accelerate to. In terms of the other ones that I own, I mean, Snowflake, they have a whole new product cycle story, and they are growing and seeing an acceleration because of these new products and more migration to the workloads. And you need safe and secure data, and that's what they provide, and so I think they're going to continue to see product revenue growth in the 30s with operating margins gradually expanding. And then I would just simply say ServiceNow is the one that is down and out. It's a lot of down and outers, but this one is down and out. But this is a mission-critical software platform, and 50% of their net new business is consumption-based and infrastructure-based. And so I think it's a buy here. It's 24 times forward estimates growing, 20% compounded annually, and I think you will see AI help their business over time. It's a show-me story, but I kind of like the show-me stories with great leadership.
[00:16:03] Speaker 1: I want to ask you about areas outside of tech as well. Barclays said that the flows are moving. They're not de-risking out of tech. They're just going into different sectors, financials and health care. You actually bought more Morgan Stanley last week, I'm assuming, on the heels of their earnings report?
[00:16:22] Speaker 7: Yeah. I mean, the stock was down 7% from its highs when they reported a blowout quarter. I mean, this company is doing everything right, Leslie. You know this better than I because you follow this beat. But total revenues of 27%, investment banking growth of 58%, trading up 69%. Wealth management is really a challenging business, and they grew at 14%. But most importantly, this is the second quarter in a row where their ROTCE exceeded expectations and came in close to 27% industry high. And that is really very powerful and speaks to the strong execution that this company is delivering. And so I just kind of thought, down 7%, I want to make it bigger because I don't think that capital markets are closed by any means. In fact, I think they're going to stay quite strong, and the momentum will be at their back.
[00:17:11] Speaker 1: Yeah, Goldman had a report out this morning, Joe, saying that they estimate $489 billion in AI-related debt financing across investment-grade high-yield and leveraged loan markets globally, well above the full-year estimate for 2025 of $322 billion. So it's only July, and it's already $489 billion. And Morgan Stanley and Goldman are perceived as some key winners here, alongside maybe J.P. Morgan and Bank of America and others as well. Goldman was upgraded to a hold from a reduced at HSBC today. You own Goldman.
[00:17:46] Speaker 2: Yeah.
[00:17:47] Speaker 1: How big of a beneficiary do you feel like these big investment banks and capital market-sensitive firms will be in this huge financing build-out?
[00:17:57] Speaker 5: The way I see it, I could be wrong. I believe they're in the sweet spot. And Goldman Sachs is a position I've maintained for the better part of the last two years. Leslie, as you know, there was a lot of excitement surrounding the financial sector, in particular for money-centered banks coming into the year. And then we had the disappointment of the spring. They reported really strong earnings in April, and they just didn't respond. I think a lot of people at that time kind of left and went to the sidelines. We're rebuilding positioning now, as I think we're understanding from these earnings, we're in the midst of a paradigm shift, a paradigm shift to where we've never seen the type of engagement that we are seeing in the capital markets, whether it's from retail, whether it's from equity flow, absent the volatility, or whether it's from a lot of these companies who are out seeking capital in the debt market. And then also through M&A and IPO. So the benefit is clearly going to be towards names like Goldman Sachs. You had Charles Schwab, which reported. You and I talked about that yesterday. Record quarter, record retail flow. Yes, the expectations. Why? Excuse me. So subsequent to that, you didn't see the price performance today that maybe you wanted out of Charles Schwab. But if you're long, you're not leaving that position with $13 trillion in retail and RIA capital that's sitting there at Charles Schwab, and the understanding it's a record quarter, and you have this record engagement. So I think it speaks to the benefit of the sector overall. And in the month of July, excluding energy, there it is, financials. They are your best sector in July, up 4%.
[00:19:37] Speaker 1: Jason, do you think that this dynamic has already been priced into these names at this point? Because there was so much dialogue on the earnings call just about the role that they're playing in this financing of the AI CapEx. Is this something the market fully appreciates, or do you think that this is still maybe early innings?
[00:19:56] Speaker 4: Yeah, no, I still think there's room to run. As I kind of followed, obviously, the Goldman Sachs release, which was a tremendous release, you know, investment banking revenue was up 55% year over year. To Joe's point, trading up 72% year over year. I mean, the stock moves 7% post-to-print. It's up 22% year-to-date. I think, you know, as we walk into a new cycle with a new chair as Fed, you know, new Fed chair in Kevin Warsh, you know, tougher Fed, more hawkish tone. You know, and as I see the conflict potentially wrapping up towards the end of the year and look to next year, I think the opportunity only gets larger for IPOs and trading revenue with just more participants in the market. I think that's exciting for banks like Goldman Sachs and many others, Morgan Stanley as well.
[00:20:46] Speaker 1: Yeah, more tilted toward it. Josh, you sold some Nike as well.
[00:20:53] Speaker 3: Yeah, you know what? I bought it before the earnings. The earnings were not terrible. The stock fell at first and then came all the way back. But then it just kind of was sitting there. And I looked at my portfolio and I just had other things that I thought were a little bit more urgent, other opportunities. So I may return to Nike. I do think they've just reported the last of the horrible quarters and the quarters coming from here on out will probably just be bad and not horrible. The good news is the market still expects horrible given the price action. So I do think that there will be upside in Nike and I haven't fully walked away from it. But for right now, I just had other things that I wanted to do with a higher priority.
[00:21:36] Speaker 1: What was the higher priority?
[00:21:39] Speaker 3: To be discussed later.
[00:21:42] Speaker 1: All right. Looking forward to it. Still ahead, more of today's top movers, including the pop in SpaceX as it tries to snap a seven-day losing streak, up about 6% right now. And later, Josh Brown is back with his best stocks in this market. He's highlighting three under-the-radar winners that have been breaking out. Halftime is back in two minutes.
[00:22:03] Speaker 2: Okay. So that was the first clip from CNBC. I will show you guys the second one right after we're done taking a look at the stocks they just discussed. There were about 15. I did remove a few of those stocks that are in my portfolio or just chose not to do the analysis on them. But Apple, CRM, CrowdStrike, DRAM, Google, IGV, Morgan Stanley, all these stocks here. We're going to review them very quickly. And we're going to use the Ichimoku indicator. I'm going to give you guys the technicals. Out of all those stocks that I just showed you here, Apple is the only one that is actually looking pretty strong on both the weekly and daily time frame. Right. This is a weekly chart here. You can see the uptrend that we're currently in. All of the elements of the Ichimoku indicator are very positive right now. We have price above the Tenkinson, the nine period. Okay. We've got it above the 26 period, the Kijinsen. We've got price above the Chikwispan, the white line there, which is the current price projected 26 periods ago. We're looking at a weekly chart, like I said, right? We've got price above the cloud itself, the Sankwispan A and the Sankwispan B. So it's all looking good here on the weekly chart. It's holding up above that 3.17.40 level. Let's look at the daily chart. So here's a little pullback that we just had yesterday. You saw price drop a little bit in Apple, but look where it stopped, right on that support level. This nine period is slightly different than most moving averages. It doesn't work the same way as like the 200-day simple moving average. It doesn't take the closing price. That's typically what you find with most moving averages. What this does, the reason why it's flat, as you see here, and this one is flat, and the Sankwispan A and Sankwispan B is because it's taking the midpoint, folks. It's taking the midpoint. It takes the high of the candle, the low of the candle, divides it by two, and it's the absolute middle point of each of the last nine periods in this case. All right, so that's what that green line is. And the red line is the midpoint of the last 26 periods, so it's a slower moving average. We always want to see that green line above the red line. That's really important. And then the secondary indicator that uses the directional movement index, we want that green line above the red line. All right, ideally, you want that 80X to be moving up. When that's the case, that represents momentum increasing to the upside. Right now, it's kind of flat because it's been pulling back. So Apple, though, you know, we've got the bullish cloud with Sankwispan A above Sankwispan B. We're above this rising 200-day moving average. It's more than likely tomorrow to continue to the upside. There are no guarantees in the market. All right, there's no indicator that's going to predict the future. But what this does do is it gives us a roadmap. It tells us, okay, there's a higher probability now, okay, because of where it's stalled right on that nine period that it's going to actually bounce, just like it has in the past many, many times, like over here, okay, and here, and here, right? And then once the price gets under the moving average, it will typically stall when it gets close to that moving average, as it did here and here before breaking through it, okay? So really important that we keep an eye on these levels. Let's take a look at the next one, CRM, which is Salesforce, currently under the Ichimoku cloud. What that means is essentially is that it's in a downward channel. It's in a downward trend, okay? It's under the 200-day moving average. It's still declining. This is a daily chart. It's looking pretty bearish. So this couldn't continue for a much longer period of time. It just makes sense to hold off until we start seeing some more optimism and more buying pressure, which is not the situation right now. We've got selling pressure as prices, even though it's been moving up, and it has moved up about 15% since these lows here. It's still under that 200. It's still under this prior high. We have a series now of lower lows here. There's a prior low and there's a lower low. So, yeah, it holds off on CRM. Next one is CrowdStrike. All right. So we talked about this not that long ago because it did actually break that 209.50 level briefly, right, on July 14th. But I mentioned how price was actually, you know, stalling. It didn't really break out, you know, with a lot of buying pressure because if it did, the candle would be significantly higher above that 209.50 level. This level of resistance is based on the prior high, that candle. So now it's still pulling back, and it's under. It's looking currently like it's under the 26 period. Let's take a look. It's 191.15 is where it closed. And, yes, it's under the 191.36, which is the red line or baseline or Kijanson. All right. Let's take a look at the next one, guys. So I'd hold off on CrowdStrike. You've got DRAM, which is D-R-A-M, the Roundhill Memory ETF. This one is inside the cloud still. It has bounced off the bottom of the cloud, as I mentioned yesterday. Basically, price will come down, find support many times at the bottom of a cloud, and then start to bounce. Not always, but a good majority of the time it does. And so this is really positive for DRAM. We'll see if this can continue tomorrow. It was up 10.84%. This is a very highly volatile stock, so it does make some big moves. So be careful. I'm sorry, ETFs. So be very careful with this one. Here's the weekly chart sitting right on that 26 period, but still under the 9 period. What about Google? Google is stuck inside this consolidation mode. Now, remember, tomorrow Google comes out with earnings. There's that little next earnings yellow bar up here. Keep an eye on that for your stocks. Here's the weekly chart stuck in here on the daily chart. It's still inside the cloud. It closed down 1.38%, okay? Out of curiosity, let's see what it looks like after hours. It's currently 4.49 p.m., so let's take a look at that. It's up slightly after hours. Nothing major there. But it did close down 1.38%. We'll see if the earnings will help to push it through the cloud. We're going to see it either get through the cloud or break to the bottom part of the cloud if the data is negative. IGV, the Software Index Fund, doing something very similar to Google, stuck inside the cloud. What that means is there's indecision here. Neither the buyers or sellers are in control. If anything, it looks slightly more bearish than bullish, and that's because we are also onto the 200-day, which is a more significantly hard level to break through. And even if it does break through, it doesn't necessarily mean that it's going to certainly continue to the upside forever. You might see it reverse, okay, as it did here, and then get back under, and then here we are coming right back to it right there. Found resistance, dropped, came back again, found resistance, and dropped. We'll see what happens. Morgan Stanley found support at the top of the cloud. Again, also, the Senku Spanet, another level of support, bounced off that level. It was up 2.56%, but it's under the moving averages. It's not something I'd be considering right now. Micron, same thing. This one here actually came into the cloud and then bounced right back above it, up 12.17% today. Their next earnings aren't until September 22nd, but we did have a negative crossover of the moving averages. That's when the faster moving average, the green line, crosses under the red line. So that's not a good thing. We'll see if things can turn around here soon. What about Nike? Nike is still in a funk here. As you can see, it's under the 200-day. Notice, again, how powerful this indicator is. Price came right to the bottom here of the cloud and got rejected. Got rejected here, here, here, and here, and is now dropping further. It's under the two moving averages on the daily chart. On the weekly chart, we're still very bearish as well. It does look like it's just consolidating at these levels. I mean, there could potentially be, you know, this might be the floor potentially, but, you know, we need to see what happens here, obviously. Right now, it's just kind of stuck. Let's see what else. NVIDIA, on the weekly chart, has been inside this downward little channel here. It's under the nine period right now. On the daily chart, it's inside the cloud. So no on NVIDIA for the time being. Their earnings come out on August 26th. Charles Schwab, create a bearish engulfing pattern, which is when you have a large red candle followed by a small bullish candle, and it engulfs the entire candle. Down 2.47%. But an important thing to note is where did it stop? Right at this 99.59 level, which I had drawn back on December 19th of 2025. All right? It's a weekly level. It's a blue line. Let's switch it over to the weekly chart. If I go back in time, I think you see it right there. It's based on that candle. It was finding support once it got above it here. So it was definitely respected as a level. And then it found resistance when it was under it. It broke once again here and pulled back. And it's finding support on that level. Will it hold up? That's the question. SMH on the weekly chart is still under the nine period. It's still consolidating. On the daily chart, same thing. So again, the earnings are going to help to give us some more insight, but we don't have enough data here yet for the entire industry to start popping. We'll see if it can change course. Here's SanDisk, which was up 14.27%. And, you know, you might think this is a big jump, but it does. It's a very highly volatile stock. I mean, it's got a beta of 4.96. And so it does already move quite a bit. Problem is we are still on the daily chart here in a weekly downward channel. Okay? So no on SanDisk. It has not broken through the cloud yet. Again, Ichimoku in Japanese stands for at a glance. So the idea here is at a glance, we can quickly assess the strength of the uptrend or downtrend. Okay? Where is it at? STX has popped through the cloud, which is a bullish sign. It was up 11.14. But as you can see, once again, the moving averages are in the incorrect order. And so I would hold off on STX at this time. Here's a weekly chart. All right. Just kind of sitting right at that 26 period. Just waiting, I guess. July 28th is when it comes out with its earnings. TSM, Taiwan Semiconductor, is also in between the two moving averages of the weekly. And on the daily chart, it just popped its head right above the cloud. But again, a lot of resistance right around the red line, which is 432.51. That's the baseline. Or Kegensen. All right. Let's get back into the next clips from CNBC from today's episode of the Halftime Report. Josh Brown, we're going to see his picks, and we'll take a look at those as well.
[00:33:41] Speaker 1: Welcome back. Let's get to some committee stocks on the move today. Novo Nordisk suing Eli Lilly over what they call misleading GLP-1 advertising. Lilly up about 1.3 percent. Novo down slightly today. Joe, you own Lilly. What do you make of these allegations?
[00:33:56] Speaker 5: Okay, so from a legal standpoint, I'm not an attorney, I don't play one on TV, and I have no desire to be one. Maybe, potentially, Novo wins the case. From the perspective of a shareholder, if you want to step in and buy Novo on this news, legal action is not how you regain market share. That's not the strategy to get back your market share. You were there first with Wagovi. Lilly stepped in with Zepbound and completely blew you out of the water. It was like the Yankees and the Dodgers the other night, and the Dodgers blew the Yankees out. I was there, okay? The revenue year on year for Lilly in the last year is up 50%. The revenue for Novo is down 10%. So stay with your Lilly position. Don't believe that this is going to change something for Novo. They have to recapture the market share opportunity that they lost. I'm not sure how they do that, but it's not through the court.
[00:34:51] Speaker 1: How big of a role did advertising play in Lilly's ability to blow them out? How big of a supplement was it for the Yankees?
[00:34:59] Speaker 5: Well, first of all, the commercial in question is recent. It's a recent commercial, and it's challenging the dosage levels, okay? So now the dosage level, and I'm not an attorney, so the dosage level in Wagovi now is higher, so there's more effect. So they're making the comparison. They might be right in that regard, but that's not a reason to go buy the stock to believe that that's going to turn around your market share.
[00:35:24] Speaker 1: Yeah, fascinating story today. D.R. Horton lowering its revenue guidance. Jason, this is one you own?
[00:35:31] Speaker 4: Yeah, yeah. So, I mean, affordability is their story, and obviously that's a challenging narrative in this climate that we're currently in. You know, with 30-year mortgage rates at 6.6%, that's going to be a tough story. So lowering the guide kind of makes sense. The stock is trading flat for the year. I mean, there's, you know, as we look forward, the story's a bit murky. But I'm willing to be patient on this one and kind of turn the quarter into 2027 as an opportunity here. But, you know, I think eventually this will kind of break through.
[00:36:02] Speaker 1: Yeah, basically a sideways stock in 2026. SpaceX, on the other hand, rallying today up about 6.5% to snap a seven-day losing streak. Macquarie says the SpaceX story is in the right orbit. Steph, we also got the date of the first quarter of earnings since going public. And that also is indicative of when we could see the lock-off releases come a few days after that. So are you kind of surprised by this reaction?
[00:36:33] Speaker 7: Well, no. I mean, the stock has been in free fall since it peaked a couple of weeks ago. The way I view this story, Leslie, is I bought a small position, and I'm putting it aside, and I'm just going to hold on to it for a very long time, and I'm not going to get caught up in the price volatility. Because I do expect the volatility to continue. There's three ways this company can win, and they have a leader that is the best in the world. They have, in space, last year, they actually did 170 missions, and with a 99 success rate, and their costs are coming down dramatically. Starlink is the second way they can win. That's their profit generator. Gross margins are running at 48%, operating margins at 39%. They have 10 million subscribers. I think that could get to 200 by 2030. And then, of course, they're renting out compute. They signed three deals worth $27 billion this year. And I think that number you're going to see on an annualized basis get to $60 billion per year over time. So I think there's a lot of ways to win. You just got to be patient with the volatility, but I'm sticking with it.
[00:37:37] Speaker 1: Yeah, there's such a big gap between what analysts are saying and what the stock is doing. It's certainly an interesting one to watch. Live Nation is another one. That was downgraded at Susquehanna on a concentrated third-quarter schedule, which they say leaves little room for error. Josh?
[00:37:54] Speaker 3: Yeah, look, I think this is the kind of thing that investors on a regular basis are just going to have to get used to. Like, you're going to get downgrade. When you – I own this stock for so many years. When you own a stock for a long period of time, there are people looking for tactical opportunities to buy and sell. And you'll just see, like, changes in opinion, changes in price target. You're not forced to react to them. So I think it's interesting information. I think I add it to the list of things that I'm paying attention to with the stock. And then I do absolutely nothing with it. And this is a name that just continues to barrel ahead to new highs. Summer after summer, their business improves. And I want to stay – look at this chart. So look at how many times you had an opportunity to react to a sell-side note or not, or not react at all. And that's the path that I've chosen here.
[00:38:46] Speaker 1: Yeah. Consumer experience is still very much in focus. We're back with Josh Brown's best stocks in the market. Josh, what are you focused on today?
[00:38:55] Speaker 3: I don't know why, Leslie, but this is always my favorite segment of the show. We are going to talk about one of the most exciting, cutting-edge areas in all the world, insurance. I don't know if you guys know this. I feel like Joe might. 85% of the KIE, that's the insurance subsector ETF, 85% of the names in that ETF are above their 50-day moving averages. These stocks are absolutely on fire. They are – give me a little bit longer than that. They are outpacing the rest of the XLF subsectors, the rest of the market. They look better than the banks. They look better than the credit cards. It's just this confluence of events. We didn't have a lot of weather catastrophes this summer. We see premiums going up. We see profitability improved. And don't forget, a lot of these companies are de facto investing businesses, and they are investing at higher rates and getting better returns in their stock portfolios. So they're all working. We wrote about travelers on June 11th. It was an absolute home run for viewers of the halftime report. We called it a case study on how insurance companies are implementing AI and improving their bottom line results. The stock's up 22% since we did it here on the show, which is actually double the KIE. So it is a leader in the space. I want to talk about – but we did that one already. So I want to talk about Chubb right now. Chubb is very much an international business. They've been growing net premiums by 14.5%. Consumer lines are up 20.5%. Life insurance business is up 33%. And there's a lot of activity from Asia to North America. The board just raised a dividend in May to 5.2% – by 5.2%. So it's a $4.08 annual payout. It's the 33rd consecutive annual increase, which makes this a dividend aristocrat. Not a big yield, but an important signal as far as quality. Company reports tonight – the street wants to see $13 billion in revenue, which would be up 5% year-over-year. $6.74 in earnings, which would be up 10% year-over-year. Management has already given pretty good guidance for this year, so we'll see if there's an uptick. You've got an RSI in this stock of about 57, right in the middle of the range. Still room to run. Real quick, I want to do Aflac, too. This is a Japanese-powered business, which we all know. The CEO is not a duck. It's a very successful company. It's been publicly traded for a long time. This is one of the biggest winners in the S&P over the very long term. They're also returning cash, capital, to shareholders at a rapid rate. $1.3 billion in Q1 between buybacks and dividends. You've got a dividend yield of about 2% here. They're going to report in early August. This is, I think, a 65 RSI right now, which getting toward overbought, but not quite overbought. You can see it's been a relentless uptrend, and the stock has been obeying its 200-day almost the entire way up. So we like these two names. They're on our list of best stocks in the market, and they're not AI. They're very much living in their own lane, and earnings are growing, and I think they should be on people's radars.
[00:42:24] Speaker 1: Yeah, definitely under the radar. Nice job. I learned something there. Thanks, Josh. We are back with Final Trades. Josh, we'll start with you.
[00:42:33] Speaker 3: Oh, I think I just want to point out NVIDIA is finally starting to act better on down days for tech. I think that's new, and we should pay attention.
[00:42:45] Speaker 7: Yeah, up 1% today.
[00:42:47] Speaker 1: Steph.
[00:42:49] Speaker 7: UnitedHealthcare, the CEO, is doing his job in turning around the company. The turnaround is happening. They just guided to $20 a share, and the stock is cheap, and it should be bought. Jason.
[00:43:00] Speaker 4: Goldman Sachs, capital markets revenue was up 53% year over year. I like this one.
[00:43:05] Speaker 1: And last but not least, Joe.
[00:43:07] Speaker 5: If there's complacency anywhere in the market, it's surrounding the price of oil. In the last two weeks, oil has gone from 69 to now 85. Even energy traders are dismissing it and saying, okay, oil is going to go right back to 70 soon enough. We're not really going to get excessively long. I think you need to allocate in that direction. Yesterday I said Valero. Today I'm going to say Diamondback Energy, ticker symbol, fang.
[00:43:29] Speaker 1: And that one's up 1.6%. That does it for halftime. The exchange starts right now.
[00:43:38] Speaker 8: Leslie, thank you very much. Chips and crypto names are powering the markets higher today, along with a raft of earnings movers. I'm Kelly Evans, and welcome to the exchange. Shares of 3M are soaring 9% and leading the Dow. The company had better than expected earnings and revenue, raised guidance, and is becoming an AI play as it deploys optical technology to customers like Microsoft. Meantime, Cisco, they are now debuting a low-cost AI model. Yes, Cisco. Could that be another open AI killer? We have those details in a bit. And, of course, we're watching shares of SpaceX, popping about 6%, 7% now today, as Elon Musk warns short sellers that their survival probability, betting against the company, is very low. But let's begin with the rebound in semis today, up 5.5% now, though still down about 13% from their June highs, amid a raft of cheaper AI models and cheaper Chinese component makers. Our next guest says all of these worries are misplaced. The market is listening to these words right now. Vivek Arya, a senior semi-analyst at B of A Securities. It's great to have you here, Vivek. This trade is showing it still has plenty of juice, plenty of life left in it. And why do you think that this area has been too quickly taken out to the woodshed?
[00:44:50] Speaker 9: Sure. Hi, Kelly. I think tech has always been deflationary, right? Whether we look at the PC era, whether we look at Internet, whether we look at smartphones, whether we look at cloud computing. So, technology has always been deflationary. That's because there are a number of global forces that come together to drive the most efficient infrastructure. And I think what we are seeing right now is there was a lot of focus on the frontier model developers in the U.S. And now you see the Chinese model developers come to the front. And I think that competition can only be a very good thing for the enabling infrastructure layer. So, I think the fundamentals are very strong. The demand environment is very strong. Supply is very well stabilized. But we just came from a quarter where the semiconductor index ran up over 80%. So, I think a little bit of a breather was probably to be expected.
[00:45:43] Speaker 8: Okay. But you say the bigger concern a lot of people have, which is here come cheaper competitors, whether they're from China or the one we'll talk about later in the show. Here come cheaper CXMT and these other component makers, which may be, you know, lower-cost producers. And we've all seen this playbook before. You know, when the lower-cost producer comes into the market, it tends to set the price and displace the other. So, why shouldn't holders of Micron and Western Digital and SanDisk and all of these names be a little bit worried about that?
[00:46:09] Speaker 9: Sure. So, let's separate the places where the competition is happening. The large language model layer, that's where you're seeing the competition between OpenAI, Anthropic, right? All the new Chinese open-source models. And by the way, there are a number of open-source, open-weight models that are available in the U.S. also, including one from NVIDIA. That place is certainly getting very competitive. But we think it actually democratizes the availability of that large language model and the layer. But where you have real entry barriers, where you have the larger competitive modes, is in the semiconductor layer, right? You mentioned CXMT. CXMT does not produce any high-bandwidth memory or any of the advanced NAND memory that is required for the AI layer. So, I think the CXMT competition that is going to come, that is only going to help alleviate the shortages that are in the low-end consumer part of the market, right? They will go after the PC market, they will go after the phone market, that are not being served right now because all the capacity is moving to AI. So, we don't think that competition means much.
[00:47:17] Speaker 8: They might start there, but why wouldn't they work up the food chain? In other words, once you have a toehold in this area, I'm not saying this is easy, but obviously there's a pattern here. You establish a toehold in the market, and then you ultimately climb up, whether it's them or one of these other competitors, going after the most lucrative area.
[00:47:32] Speaker 9: Sure. Look, anything can be done. It's a matter of time and cost. Building a new fab, once you have the technology, takes between two to three years and costs $10 to $15 billion. So, even if they have the technology today, by the time they put it into practice and implementation, it's three years from now, right? So, anything can be done. And, by the way, it's not that the existing suppliers, right, Micron, Samsung, and others, they're not just sitting still. Every year, they come out with new technology, and that new technology is implemented and co-designed with computing, with networking. So, these things are not happening in isolation where somebody comes out with a cool chip and then suddenly, right, competitors swoop in. No, you have a very strong sense of integrated co-design activity that is going on at all the times between the memory companies, the networking companies, and the NVIDIAs, AMDs, and Broadcoms of the world. And putting that entire ecosystem together, I think it's going to be very hard for China. It doesn't mean they can't innovate in specific subsets of that market. They absolutely can. But I think to put it all together, along with all the software and developer ecosystem, I think that's a very, very long time from now.
[00:48:43] Speaker 8: Two more quick questions for you. Just kind of the first on this great line that you have where you say, as we've seen more open source competition again from whichever place, you say, open does not mean free. Do you think people are kind of conflating those two things?
[00:48:59] Speaker 9: Yeah, I think we have seen in the past competition come from China in other parts of technology, right, in EVs. We have seen that in, you know, other parts of the solar industry, as an example. And I think people are looking at those past examples and they're saying, well, if they were able to compete very effectively in those areas, you know, why can't a cheaper model essentially be a tip of that iceberg and essentially forecast, you know, cheaper competition to come from China? But I think these are apples and oranges. Competing in AI requires, as I mentioned, co-design in 10 different things, right? You don't just come up with one thing at a time. Even look at competition within the U.S., right? The competition between an NVIDIA and AMD and Broadcom and Marvel and others, right? There is a reason why NVIDIA is managing to keep 70, 80 percent of the economics of the market because it is hard for anyone else to come in and duplicate NVIDIA's success along every one of those, you know, dimensions. So, for China, who is, by the way, restricted from buying the most advanced software design tools to design their chips, who is restricted from buying the most advanced semiconductor equipment. So, even if they could design the chip, where are they going to manufacture it, right? And then, even if they do all that, there are restrictions in terms of how their models are going to be adopted by leading enterprises. So, that's why I think it's going to be a long-term, you know, tail risk to this industry. To me, the real thing to watch out for is not competition from China. I think that that's a lot of, you know, kind of media clickbait type of stuff. I think the real thing to watch out for is that are the U.S. cloud players, are they still able to invest in their infrastructure, even with this rising cost of memory and compute and networking? To me, that is the most important question. Absolutely.
[00:50:46] Speaker 8: So, going back to whatever Google says on Wednesday, whatever everybody says in their earnings reports, as long as they're continuing, you want to see that number still go up or at least stay, is it good enough to stay steady or do you want to see it still go up?
[00:50:58] Speaker 9: 100%. I think we have to hear directly from them that the benefit of their investment in this technology is resulting in token growth, is resulting in token demand that is going to far outpace the amount of cost that they have to put in, right, that they are able to generate ROIs. Think about what happened in the last earnings call. Yes, their CapEx all went up a lot, but we also saw record success in search, in e-commerce, in social engagement. I think that's what we need to see, that the benefits of all this technology layer are accruing by way of faster growth. I think that is the only thing that matters to investing in AI and semiconductors.
[00:51:39] Speaker 8: Absolutely, and you're kind of getting into this area, and Jim Cramer was tweeting about this earlier today, saying, you know, he thinks, and there's a huge debate about this, as you know, he's on the side of, we must not let our companies use these Chinese models to save a few bucks. This is vital national security. Vivek, how would you say this debate ranks in terms of overall semi-demand? Do we need balkanized markets to continue to drive strong growth for all of these components? Or is it okay for you if we end up, you know, which, I'd love to ask what you think, you know, you don't have to answer that on which side we should come down on, but how are you gaming this out?
[00:52:19] Speaker 9: Sure. Look, my view is, Kelly, probably biased because I cover the enabling layer, and for the enabling layer, competition between customers is great, right? Nobody wants to see, you know, just one or two customers, right, having 80% or 90% of the economics of the structure, right? So I think my view is probably biased from that perspective. Of course, from a national security and other perspective, right? A certain business model might make sense. And by the way, we do see that restrictive environment when it comes to, you know, selling China, whether it is semi-cap equipment, right, whether it is advanced memory, right? And so I think there are barriers in other markets, right? And also to have some barriers in these markets, right, is not going to be welcome, but I do think would be understood by the industry. But I think the bigger picture, again, is that the end state, right, what we are optimizing for is not the best model. What we are optimizing for is the most reliable and scalable infrastructure that lowers the cost per token and expands adoption. I think that that is the end state that I think the technology industry is going for.
[00:53:30] Speaker 8: And so finally, we have to go, but, and we'll talk more about this later on, but Cisco is now launching what they say is a very low-cost, effective AI model. How do you think about news items like that? Should we, as we get used to seeing more companies in more places launching more of these competitive models, does that just mean more business for everybody, or is there, again, kind of this downward pressure?
[00:53:49] Speaker 9: No, I think that that's exactly the point, Kelly, that, you know, the more customers, the merrier, the more this technology gets adopted, because, see, AI is not just going to be chatbots, right? AI is going to go from the cloud, right, towards physical AI, edge AI, and every one of those applications is going to require a different kind of model. It's going to require a different kind of computing infrastructure. Yeah. So I say the more, the more, the merrier, right? The more number of ways of adopting and accessing this technology there are, I think that that's very good for the enabling layer, right, that I cover.
[00:54:27] Speaker 8: Vivek, really appreciate you making the time. Thanks for joining us today. Thank you, Kelly. Vivek Aria with Bank of America Securities. Our next guest says that whole stampede out of semis lately itself might actually be a good sign for markets and the economy. Andres Garcia Amaya is the founder and CEO at Zoe Financial. Now, here's where I'm going with this, because as you observe, the Stampede Inn really picked up steam back when we launched the war on Iran. And so in some ways to you is this reset. We've all debated why the reset. Is it because of fundamental change? Vivek says no. Is it because of positioning? Some people say yes. And you mentioned, look, maybe us looking past that event now as well is allowing people to step back and actually broaden out. You don't just have to be in semis and in tech and look at the market today to some extent confirming that.
[00:55:09] Speaker 10: Yeah, so I think this earnings season in particular is going to be really important. And the reason is someone's going to be wrong. If you look at volatility at the macro level, VIX at 17, there's not a lot of concerns of macro risk. But at the same time, if you look at individual names from options volatility, that spread between kind of the macro and the micro is at the highest it has been. So someone's going to be wrong. Either the macro is reading this wrong and they're going to have missed massively in earnings and therefore they're going to drag everyone down. Or they actually will perform and therefore that concern of them missing will actually just bring those names that have been falling up with the rest of the market.
[00:55:54] Speaker 8: So even when you look, they're showing the VIX now, but when you look at the trading behavior in the semis today, snapping back five and a half percent, what does that tell you?
[00:56:02] Speaker 10: It shows that volatility that I was mentioning, right? So the broader market is not up or down five percent. But those names are frantically trying to figure out where they should land. And the good news is we have new information coming with earnings season that either they will actually deliver or they won't. And the hyperscalers will be key. I think those comments were spot on, which is as long as the demand is there, those names will hold up and potentially actually spring forward from where they were prior in the year.
[00:56:31] Speaker 8: What I find so ironic about that is that evidently we might do away with quarterly earnings. I mean, do you not watch that they're serious about this, that we might move to semi-annual or annual? And there's been so many people saying, no, don't do this. The SEC is still saying, no, we might move in this direction. So what is that going to mean for volatility in areas like the chips and all the rest of it?
[00:56:53] Speaker 10: I welcome knowing what's going on with the semis right now. That's for sure. And, I mean, transparency has always been better than less transparency, which, by the way, on the Fed might actually be moving in that direction as well.
[00:57:03] Speaker 8: Right, the Fed's going to be less transparent. We're not going to hear from the Fed. We're not going to hear from corporate America. We're going to be out here all just placing up. We're going to be looking at Calci and Polymark trying to figure out what's going on out there. It's a strange moment to have gone over the past 10 years and arrived at this place, the direction that we might be going.
[00:57:18] Speaker 10: Yeah, all I would say is grab your popcorn. I think this earnings season is going to be one that's going to be incredibly important.
[00:57:24] Speaker 8: Yeah, so you are positioned how, in general, at this point? I mean, where do you feel like, you know, the landscape is a little bit more firm?
[00:57:31] Speaker 10: Yeah, I think earnings so far have delivered, and I don't think there's any strong reason to think that they won't. Now, the expectations keep coming up higher, but there's been a healthy kind of retraction in some of the names that were the hottest. I look at sectors like financials as an interesting sector because, one, they already started to show earnings last week. You know, gangbusters when it comes to trading, IPOs, they're financing the hyperscalers. So it's an indirect way to play in AI, but not at the valuation that the AI names have.
[00:58:02] Speaker 8: I want to quickly ask you about SpaceX, which, you know, had probably debuted better than was expected. The trading behavior since has lagged. Although you have a chart, its path versus the average path of historical mega IPOs is...
[00:58:15] Speaker 1: Welcome to Closing Bell, I'm Leslie Picker in for Scott Wapner today. This make-or-break hour starts with a Tuesday turnaround as stocks post their first gains in three days. Here's your scorecard with 60 minutes to go in the trading session. The Dow up about 0.7%, S&P up 0.9%, the NASDAQ, the leader here, up 1.3%, and the Russell 2000 up by nearly the same magnitude. And, of course, semis once again in the driver's seat today with names like Micron, Western Digital, and Seagate all firmly in the green. Elsewhere, crypto catching a bid today before we risk on with Bitcoin trading back above $66,000. We'll have more on that move coming up. And we are on earnings watch with key names like Chubb, Alaska Air, and Interactive Brokers all reporting in overtime. And then things really kick into high gear when Alphabet reports tomorrow afternoon. Let's bring in Empower's Marta Norton as we head toward the close. I want to ask you about earnings growth because Q2 is expected to be really driven by tech, some eye-watering numbers in terms of growth for the quarter. Where do you think we are in terms of near-peak growth?
[00:59:23] Speaker 11: I mean, it doesn't seem like we're reaching it at least this quarter, though you're right. These are eye-watering numbers. So if we're looking at technology, we're looking at something, at least according to FACSET, of 60-plus percentage growth year-over-year. When we're looking at semis, it's about 130%. And it seems as though we're still very much early days in the AI build-out. So we can see those numbers continue, but the question is whether that's priced in, and it certainly seems as much, at least on the chip side, when you see triple-digit returns year-to-date.
[00:59:55] Speaker 1: You've also been studying AI loser, which you say has lately been the hyperscalers and businesses like IBM, which have seen more of a crowding-out effect in terms of wallet spend. What's the floor for these types of names?
[01:00:07] Speaker 11: Well, it's kind of interesting, right, because when we think of AI, we think of transformation, we think of massive profitability and productivity, and yet it's been a lot easier to identify the companies that have been left behind. And that does include the hyperscalers at least year-to-date, given how much they're spending and the concern that that creates for investors. And then it includes all of these different businesses that are being disrupted. And so I think when we're looking at something as transformative as AI, we really want to turn our attention to those areas where there is that margin of safety emerging, so that potentially you can, I guess, protect yourself a bit in the event that some of the news goes south.
[01:00:44] Speaker 1: Do you think there's a ceiling for the AI winners?
[01:00:48] Speaker 11: When we're thinking of AI winners this year, it definitely seems to be really focused on that chip area. And I guess from a market performance standpoint, while I don't necessarily think the fundamentals are coming off the bus, the wheels coming off the bus just yet, it does seem like it's hard to imagine we continue to see these stocks push higher from here.
[01:01:08] Speaker 1: Yeah, it's certainly a remarkable time to watch. We appreciate your time on this critical trading day, this critical trading time. Marta, thank you so much. Just taking a look at the markets as we head toward the close, it looks like all three major indexes are going to close in the green today, up 0.74 for the Dow right now, up 0.9% for the S&P, and up 1.31% for the NASDAQ as the semiconductor trade continues. Infotech, the biggest leader in terms of sectors, up about 2%.
[01:01:43] Speaker 12: So with earnings season kicking into high gear tomorrow, what's at stake for the market if the big cap names can't deliver? Joining us now is Rockefeller Global Family Office, Chief Investment Officer Jimmy Chang. Good to see you. Hi. Obviously, very high expectations because the analysts have really been ratcheting up earnings forecasts. Seems not a lot of suspense that the companies will deliver. How do you think the market is postured ahead of all these numbers?
[01:02:07] Speaker 13: Yeah, I think the strong earnings numbers are baked into expectations. The question is really the tone on CapEx. I would expect Alphabet to sound pretty positive, given that they are capacity constrained right now, so we don't see any risk of them cutting back. The more interesting thing would be next week, with Microsoft wrapping up its fiscal year. What do they guide for the capital spending in the coming fiscal year? What's the tone? If there's any sign of caution, that could lead to a rotation of money out of some of these CapEx beneficiaries.
[01:02:43] Speaker 14: How are you positioned right now, Jimmy? I'm interested because your background is in technology. You were a tech analyst before, and so that's sort of how you got your chops. So how do you view where the opportunities are right now, given the run that we've seen in memory stocks and these beneficiaries of the CapEx spend?
[01:02:58] Speaker 13: Yeah, so if you look at past cycles, and these are cyclical stocks, the earnings would continue to trend higher. But at some point, as the market pays attention to the tone of CapEx, the spot prices in memory, the market will adjust the valuation ahead of the fundamentals. So I think this current cycle is going to be no different. We expect solid earnings going forward from several more quarters at the minimum. But we'll be watching the messaging from the spenders and also to see if there are signs of aggressive double-triple ordering, which I suspect they're in existence right now.
[01:03:37] Speaker 12: You mentioned that the Alphabet and others, their capacity can strain. They keep leaning on this idea that we are building because we have a backlog and because the demand is right there. They also know that their stocks have been, to some degree, punished in valuation terms, at least, by the perception that maybe the CapEx is not going to be justified. I wonder if they're just all going to be incentivized this quarter to show some specific ways that they're seeing accelerating demand in cloud services or some other ways where they say, look, this is the payback in at least in early form.
[01:04:09] Speaker 13: Well, I think it's too early to tell because right now the industry as a whole is capacity constrained. And this is why Alphabet has signed deals with SpaceX. Anthropic is now rumored to be talking to Meta. And in fact, Alphabet has been cutting back capacity for Meta. So as long as the capacity is constrained, you won't know what the profitability issues may be. At some point, if there is an overbuilt, let's say several years from now, and the fact that hyperscaler services now seems to be commoditized as well. The fact that SpaceX can get into the business and Meta without an enterprise presence can now try to get into hyperscaler business shows that perhaps the moat is not that strong. So that's the ultimate question that investors are worried about. It's not the current earnings. It's what happens a few years from now.
[01:04:59] Speaker 14: I mean, if it's a commodity, the prices are going to be, you know, there's going to be competition for price, right? So that discount should be, that business should be discounted in some fashion. Also, for memory stocks, what's interesting is all this capacity that's being built in the United States, arguably that threatens margins because a chip built in the United States is going to have a smaller margin than a chip built overseas. Are investors looking ahead at all for that time? Because it seems like it could be a flip of a switch when investors say, you know what, it's not, you know, these are not Teflon trades anymore.
[01:05:33] Speaker 13: Right. These are highly volatile trading sardines. So it's really just one or two catalysts that will prompt people to decide when to pull the trigger. But for now, the industry fundamentals still look pretty supportive. You're getting a mid-cycle correction. That's why everyone's focused on the CapEx guidance because obviously that will set the tone down the road.
[01:05:55] Speaker 12: Has this period of malaise in the hyperscalers, the Microsofts, Amazons, Metas, Alphabet, made them, you know, more attractive in terms of risk-reward at this point? Would you look toward opportunities there or maybe the chip pullback on a 15% or 20% drop?
[01:06:13] Speaker 13: Yeah, I do believe that some of these hyperscalers, given the underperformance this year, valuation-wise looking somewhat more attractive. In fact, if one of them starts to signal a more measured CapEx, money may rotate back to them because then people can anticipate the return of free cash flow at some point and perhaps followed by share repurchase.
[01:06:34] Speaker ?: All right.
[01:06:34] Speaker 14: Jimmy, great to speak with you. Thanks for coming by.
[01:06:36] Speaker 13: Pleasure.
[01:06:37] Speaker 14: Jimmy Chang of Rockefeller.
[01:06:38] Speaker 2: All right. So we're going to get into the stocks now that they just discussed. And there's about 15 here. I think you see the list. We're going to take a look at the indices as well, right? Really important. We'll get gold, silver, Bitcoin, Ethereum, copper miners, things that they, some of the things that they may or may not have talked about. We also have three stocks, three stocks here from actually an ETF and infrastructure fund and this stock here that we're going to take a look at. These were from our members and member requests. Remember, if you guys are interested in me doing analysis on a stock or ETF, you can become a member. Really easy to do. You just go to my channel here, Blue Cloud Trading. You select the Join button. Subscribing is free. Hit the notification bell. That's all free. Hit the Join button. Become a Blue Cloud supporter. Under this level, you can request one stock or ETF be analyzed per month. Under Blue Cloud Trader, you can request two. You can also get access to the exclusive member-only strategy videos that I do each weekend where I go over my entire portfolio and create a new watch list for each week that I share with members. Not just for stocks, but for ETFs. In fact, some of the stocks that Josh Brown talked about today were actually, and an ETF was actually on that list that I share with members. Members would know this. And then, of course, Blue Cloud Legend is the third level of membership, right? That's the highest tier. And if you become a Blue Cloud Legend level member, you can actually request up to three stocks or ETFs to be analyzed on an upcoming show. You'll get access to some of my day trading video recordings. You'll also get access to those strategy videos, the one that I just mentioned over the weekend that I do. And then, of course, this is the most important thing, the daily trade updates that I provide to members, legend-level members, on the trades that I have in my portfolio. So you'll find out the stocks that I've added during that day or closed out of. I share that list before the market closes. All right. So let's get into these stocks. And, you know, the other thing we're going to also take a look at, folks, is we'll look at the indices here and we will take a look at the maps. I forgot to do that yesterday, by the way. Look at the heat map yesterday. Why don't we start off with that, actually? Let's start off with that before I forget about it. The markets were up. Okay. Today, for example, it is Tuesday, July 21st. It is 5.41 p.m. Eastern time as I'm recording this video. You should be getting it pretty soon in your inboxes. Dow Jones was up 0.74%. NASDAQ was up 1.29%. Price gapped up, continued throughout the whole day. The S&P 500 also gapped up. It was up 0.89%. And the Russell 2000 was actually up the most. It just steadily moved up, up 1.45%. Let's take a look at that heat map. So this is what the heat map looked like at the end of the day. The market closed. You can see how the technology stocks started to recover. Micron, for example, closed up 12.17%. That's a big move. Marvell was up. ADI was up. Qcom. You can see all the stocks right there. From the list here of equipment and materials semiconductors, those were also up. Computer hardware, like Dell and SNDK. Look at SNDK, up 14.27% today. WDC, ticker symbol, was up 12.51%. That's Western Digital Corporation. Under electronic components, those were all up, too. Has the technology sector been strong, though, recently? Not particularly. Google was down. It closed down 1.38%. And Amazon was down 0.98%. Tesla was up 2.53%. The healthcare stocks did pretty well. Energy stocks were green once again, the majority of them, except for the oil and gas midstream, which were down slightly. And then we've got, let's take a look at the groups. Actually, you know what? One more thing. Let's take a look at the aftermarket performance. You can see Micron still is moving up 1.32%. Marvell is up 1.87%. This is after hours. So it's SNDK and Dell. All right. Let's now take a look at the groups. And that shows us how the individual sectors are performing for the day. You can see technology. Yes, it was up 2.94%, followed by basic materials, energy, and industrials, and healthcare. Consumer defensives, communication services were down. You look at the one-week performance, though, the clear leader here was energy up 2.62%, followed by real estate and healthcare. Now, we look at the one-month performance, energy up 8.34%. So there's been a big rotation here, of course, because of what's happening in the Middle East. There's a lot of uncertainty. And I expect gas prices probably to continue going up because there's no resolution there. Healthcare is up 7.3% for the month. Real estate is up 4.5%, and financials up 4.22%. And, yeah, industrials, basic materials, and technology have been the laggards. All right. Even on the weekly chart, technology is still down 0.99%, 0.99%, or 1%, basically. So let's go ahead now and start off with the stocks that they talked about, and then I'll get into the indices here in just a second and those member requests. So let's go ahead and take a look at what we got here. We got Travelers. And, by the way, I'm going to share a trade that I placed yesterday, and I shared that with members. Legend-level members already found out about Travelers Company yesterday when I added the position. And it was one of the stocks that I was following. And it still looks very bullish, obviously. It's just kind of hovering right here. It looks like it's more likely to continue to the upside. KIE is actually an insurance ETF that was on the watch list that I shared with members over the weekend. If you guys look that up, you'll see. I'm talking to my Blue Cloud Trader and Blue Cloud Legend-level members who got the lists. KIE was on there, the insurance ETF. So, Josh, maybe, who knows? Maybe Josh is also following along. Right, Joshy? Maybe you're there. Who knows? We're going to find out how this stock is also... And here's another thing, an interesting thing. CB, Chubb Corporation, was also one of the stocks that was in the watch list that I shared with members. I actually added that position yesterday. So the fact that Josh Brown brought it up is kind of funny. It's still holding on to this position here. Here's the weekly chart. It's a very bullish chart on both the weekly and daily. All of these have a blue flag because they're bullish on both time frames, the weekly and the daily chart. Here's Aflac. Here it is in the weekly chart. Very bullish. Here it is in the daily chart. It was not one of the stocks on my list, but it's in the insurance life. And this is a strong industry right now at this particular moment. Let's keep going through the rest of these now. So WDC, like I said, it was up 12.51%. It jumped and broke through the cloud today. The problem is that technically it hasn't proven itself quite yet. And the reason I say that is because the faster moving average is still under the slower one. The 9 is under the 26. And the red line here is still above the green line. So it does appear that it certainly could continue its upside here. But yeah, because it did in fact break that trend line today. Closed right above that trend line that you see. So there's a higher probability that we'll see a move up. Would I be adding here? Not yet. It's still under a very important and strong level of resistance, the 26 period. All right. Let's take a look at the next one. XLK is the ticker symbol for the technology sector ETF. And this is what I'm talking about. Technology is still stuck in a downward channel. And this may change because we have seen this little move up, this very short-lived move so far. But we don't have enough evidence yet to substantiate that. Here's Meta, which has broken above the 200. Finding support at the 200 right now on the daily chart. The cloud has turned bullish. Prices above the moving averages. It looks okay on the daily, but the weekly chart is still stuck inside the cloud. So I did not give it a blue flag. Microsoft, same thing. It's under the cloud, actually, on the weekly. And on the daily chart, it's under the cloud as well. So that looks pretty bearish still. UNH, on the daily chart today, it broke back above the 26, but it got stuck at the next level of resistance, the 9 period, the green line. And it was up 3.5%. Here's the weekly chart. Okay, it's still under this 200-day. So I would wait for it to clear that 200. The 200-day moving average is at around 457.41 is where it's at. What else? SPCX, the SpaceX stock. All right, let's take a look at this here. Now, remember, there's not enough data here for the weekly chart to really give us any info. It's still under that 9 period in the weekly. On the daily chart, it's under the 9 and the 26, right? The cloud is just starting to form because it requires enough data, right, enough number, a certain number of candles to actually form on each time frame in order for it to actually be plotted on the chart. We switch it to, say, a 30-minute, and we now have a lot more information, right? And so it can actually show us exactly what's happening. Does it look bullish to you? I mean, the way that they made it sound, it was almost like, oh, is this going to be the turnaround for SpaceX? No, I don't see that quite yet, all right? It's still under the cloud. Even on the 30-minute chart, it's been embedded under that 30-minute for a while now. We're talking about going all the way back to, what is that? Let's see the time frame there. July 6th or so. So we're on July 6th. And it's dropped 22.55%. So just a 3% move does not change the direction. On a positive note, you'll see the green, that dotted green line. That's actually the opening price today. So it moved up. And what happened? The cloud kept it, even on this 30-minute time frame, guys, it kept it in check, didn't it? The bears basically used that as a, I mean, we can see it briefly entered here, but got right back under. They used that as a, think of it as a scrimmage line, okay? And that's where they're going to put the defense up. And they're not going to allow that price until the bulls put more, the bulls are more in power, and they can push through that level of resistance and then enter and then close above the cloud. We don't have that. I would hold off on SpaceX, obviously. You know, we also don't have enough data yet. Personally, it makes more sense to wait for at least a couple, for six months before when a new company comes out and goes public before you start considering adding positions, all right? Because you need a couple of quarters of data so that you can know what's happening with the company itself, some earnings results, right? B-O, Novo Nordisk. Unless you want to take a, you know, basically a speculative investment like I did with Boxable, for example, when I got into it back in 2021. Boxable had not gone public, right? It was an early investment sort of scenario there. But, yeah, it was down 18.43% today. So, but, you know, when you become an, you know, early, early investor, you're buying it, you know, pennies per share. So, like, even if it does drop, it's at $8 per share right now. So, I made a nice investment on that one. But, yeah, this one here and the other thing that you have to also take into consideration is you're going to be locked in there. And there's different rules for each company. And so, like, the early investors, I have to wait probably around six months or so before I can actually close out of the position. So, hopefully it doesn't get below the initial investment. We'll find out about that soon. I've already transferred the shares from Continental Stock, whatever, that website where they were holding the shares into Interactive Brokers, or at least I put in the request for them to be transferred. So, there's a whole array of things that you have to do when you get involved in getting invested in something that hasn't gone public yet. And you want to take a chance. But I like the company. I like the concept. I think it has a lot of potential. There's certainly a market for small, tiny homes, especially inexpensive ones that can be shipped very easily. And they can actually go up. Some of their properties can actually, or, yeah, houses, okay? They've got these tiny homes that can go up in one hour or two hours. You know, it's insane. If you guys want to find out about that, how about the company, let's see if I can find the website. I think it was Boxable. Yeah, Boxable.com. So, it's B-O-X-A-B-L, okay? And this is what these little tiny homes look like, starting at $895 a month. Very interesting. I thought so. I mean, and they're actually stackable, too, which is kind of interesting, almost like Legos. A luxury rolling home for $399. You can actually take it apart, put it back together, and then move it somewhere. This is, like, this isn't even smaller. This is their most recent tiny, tiny home for the homeless people and for military-to-workforce for the homeless. Yeah. Anyway, let's see how this whole thing plays out. And these are the factories that they've actually set up. So, they already have some factories where they're, you know, actually putting this into mass production. So, it's interesting. Anyway. Anyway. So, it's been on my mind because I'm, like, kind of concerned a little bit about where the price goes with Boxable. Because it's very volatile in the initial days, right? It reached a high, for example, of, like, $11.99 or so, it looks like here, at one point. And then it dropped. And we'll see what happens. Anyway. Guys, let's get back to the stocks we were just talking about. NVO. Nova Nordisk. Biotech. Start off with a weekly chart. Here it is. It's under the cloud still. Now, this has been under the moving averages here since September 20th of 2024. And it's down about 61.4%. This is what I'm talking about as far as why it's important to utilize, you know, technical analysis. And this indicator in particular is really good. Because it will help at least keep you out of adding a position as long as price continues to drop and drop. Not just over a series of days. But we're talking about weeks, months, and years, potentially. And right now, it's stalling once again. It was down 0.48%. You know, it's not in a good place yet. The 200-day moving average has flattened out where it was moving up. You can see it's flattening out and almost declining slightly right there. You can see that as well. So, here's the daily chart. It broke through the cloud on the daily. But unless you have a confirmation on both time frames, I would say out of a trade like this, okay? Live Nation, on the other hand, on the weekly chart, does look quite bullish. It's above that 175.25. The prior high is back here from 2025, all right? And if you look at the daily chart, it's pulled back. But it's finding support, at least, at that 26 period. And if it bounces and breaks through that 9 period again, it will give us a new signal, all right? Eli Lilly, same situation here. You can see on the daily chart, it looks like it wants to break through that 9 period once again. It's holding up above this monthly level. It is a monthly level. It goes back to, let's see, when did I add that? It's based on the 11.33 level. Yeah, right there. That candle right there. It's a monthly candle. It's above it. Eli Lilly is doing quite well. Here's the weekly chart holding up above that level. And again, the daily. Let's see. F-A-N-G. Diamondback Energy. Stuck. Did it break through the cloud? No, it did not. It got right up to the cloud and stalled. Stopped right dead in its tracks. But overall, the daily chart looks like it's about to clear the cloud. It's more likely, especially since the energy sector is starting to strengthen. But it's this particular stock, not there yet. Here's the weekly chart. Very bullish still on the weekly chart. Prices above the moving averages in the Ichimoku cloud. What else? We've got DHI, DR Horton, Inc. Residential Construction. Here it is in the weekly chart, dropping down 0.9% today. Here's the weekly. And here is the daily. Both under the cloud. So no on that one. All right. Let's take a look at the next segment here, which is the industries. I'm sorry, the indices. S&P 500. Where is it at? It's still stuck inside this consolidation. Between 731 and 760. Multiple weeks here. That's a weekly chart. Here's the daily. It did break above the tangents and just barely. So I did give it a blue flag just for that. But it's not a conclusive candle. I would not be adding here because it's so close to resistance. The QQQ ETF. As you can see, it has dropped more. So we had the initial lower low here. Then we had another lower low. And so at this point, it does appear to be holding. Let's take a look. Let's throw in one more level based on the daily chart. Yeah. So the low right there is 686.37. Notice how it came right to that level right there. Created a bullish spinning top and then moved up. This is a bullish spinning top when price has been pulling back and dropping. I'll show you guys that on our cheat sheet. We have a little cheat sheet here on my Twitter page, x.com. I'm under at Blue Cloud Trader. What you want to do is click on, once you're here, click on highlights. Scroll down a little bit. And there's the candle pattern reference sheet. If you click on it, it makes it bigger. And then we can find, under bullish, single candle pattern, the bullish spinning top. There it is. All right. And so after price has been moving, dropping, you see a candle that looks like a spinning top. There's a higher probability, basically, that it's going to move up the next day. No guarantees, of course, in the markets. And that's what we have. What was I looking at? Weekly chart on the queues. We got that right there. And on the daily chart, we had, oh, I was looking at this one here, this particular one. Dow Jones was up 0.7%, the DIA ETF. But look where it's at. It's right under the 9 period. Okay. So it has not broken above yet. Here's the weekly chart. Still holding up above the moving averages. It actually looks more bullish than the SPY because we do have a higher high here. Prior one, it's not really, it's only been consolidating for a very short period of time, unlike the SPY. And the Russell 2000, okay, that one is stuck under that 299.49 level. I would hold off on Russell for the time being. Here's the daily chart. You can see that the faster moving average crossed under the slower one here. Green line crossed under, and it's still under that level. The VIX dropped some more, 9.33%. That represents volatility and fear in the markets. That's a positive sign for the markets. That's why we see everything in the green here. That's a big drop, 9.33%. We're at 17.05 here. And that's pretty low. FEZ, Eurostox 50. It bounced off the cloud from yesterday's candle where it stalled. You can see it gapped up, got above the tangents in, but it's still under that 26. So no, not quite yet for FEZ. For FEZ, GLD is also, you can see here, gold. I mentioned how we had a bullish engulfing pattern right there. That's when you have a red candle followed by a large bullish candle. And, you know, when price comes to around the same prior low, like right, whoops, go ahead and throw that in there so you can see that exact level. The low right there of that candle is 363.32. Okay, so what happened? Price moved up, dropped to that same level, bounced. We could be looking at a double bottom here for gold just based on the action from today. This gap up above the tangents in, all right? This may be the turnaround point. We also have this falling wedge pattern. Do you see that? Okay, these two lines right here, the yellow ones. And that's also bullish. So if price ends up breaking above this trend line, and then, of course, it's more likely to actually break through the cloud as well. So let me show you guys that pattern on the cheat sheet. It's not on this one. It's on the one right below it, here, the stock pattern in cheat sheet. So let's look at, let's see if we can find that falling wedge. Here it is. So you look at the top right corner here, and you see this specific move. It's when you have, here's the first point. It drops to this point right here. Creates a lower high from the prior one. Creates a lower low here. All right? And if you draw a trend line across and hit those highs, and another trend line that creates the lows, they call that a falling wedge. Price breaks through that level. It's very bullish, especially if it comes back down just briefly and then bounces right off that level again. That's a little bit more confirmation, actually. But it sometimes just keeps going. And the opposite of that is the rising wedge when you have a series of higher highs and higher lows. But it creates this, you know, sort of triangle that you see right there, and then price drops under it. So again, there's that falling wedge that's been establishing here in gold. And the fact that we have a double bottom, which is, of course, right here, that's also a bullish pattern right here. Price drops, comes to a level, bounces, comes to that same level, bounces off that, breaks through the prior high. All right. Boom. So we'll see if that is the end of the decline in gold. I've been waiting for it to happen. You know, gold, there certainly is a demand for it, especially when there's a time of war. And because there's, you know, there's a lot of things going on geopolitically in the world right now, and other countries are buying it up. Like China, for example, is increasing its position in gold. So you've got silver also up 4.12%. It looks like it might have stalled here at this 48.35. It's a monthly level. Now, if I go to the monthly chart, and you go all, I mean, you literally have to go back to 2011. April 29th, 2011. Check that chart out. There's the high, 48.35. It's so interesting how these levels, of course, are being watched by so many traders, especially technical traders. And then price stalled right there and dropped for multiple years, right? Look at this. This is that we're talking about decades here, folks. We broke above this 31.80. That was a weekly. And it took us basically, how many years? Let's see. Let's count that here. From that point to right there where it broke through that level. Whoops. It took about 14.6 years for silver to reach that same level that it was at back in 2011. And now, all of a sudden, it's moved up. As you can see, we had that shooting starts pulled back. What is this? So this looks like a textbook bullish flag pattern to me on a monthly chart. You can see the move up here, and then it's basically building that little bull flag, right? Again, let's look at that on the chart pattern. It's right here. So you've got this move up. You get this little series of lower highs, lower lows. It looks almost like that. Or it could also look like a bullish pennant, something like this, where price has been moving up significantly. And then it creates like a little triangle. They call that the bullish pennant. So there's the flag, and there's the pennant. So that's essentially kind of what you're looking at, this silver monthly chart. That's what it kind of looks like to me. Anyway, let's get back, folks. So silver has some potential, but it's still under the cloud, so I would not be adding positions here. It's more about managing positions, if you happen to have a position in silver stocks. Oil K, K1 free crude oil strategy ETF. This one broke through this trend line, and you can see it's starting to continue. The upside, we did get a doji. This is a reversal candle. But we also got another positive signal. We had a positive crossover. The 9 period crossed above the slower 26 period. The 9 is above the 26 now. So a lot of traders look at these crossovers and place trades just based on the crossovers themselves. So we'll see what happens with oil K, but it looks pretty bullish here on the daily. And if you look at the weekly chart, we're above the 9 period. We're above the 26. It just looks like it wants to move to the upside here. Bitcoin is interesting, too. These days, they talked about it briefly. Four weeks in a row, Bitcoin, the IBIT ETF, has been moving up. It's moved up approximately 14%. But it looks more bearish to me still because it's under the 9 period in 26. And it's still in an established downtrend. So you look at the daily chart, it does look more bullish, right? Because we had a positive crossover. But it's right under that cloud as well. The other positive thing that happened, the Cheekspan got above price. That's also positive. Ethereum, ETH is inside the cloud, so no on that one. It's still under the declining 200-day on the daily. And on the weekly chart, you know, we've got to look at what appears to be a double bottom here for Ethereum. But again, under the cloud, you're taking a higher risk trade. If you want to have an investment in Ethereum, it makes more sense to start thinking about trading this on a short time frame chart, like a 30-minute, something like this, or a 1-hour or a 2-hour chart, if you want to get in on it. Because you see, if you got in here, you'd be up at 11.3% on the 2-hour chart. With Bitcoin, if you're trading this off of the 2-hour chart, let's assume that you got in when it broke above the moving averages in the cloud here, and you held the position, you'd only be up 4.29%. Copper miners, COPX in the 2-hour, broke through the cloud today. All right, that's a 2-hour chart. What does it look like on the weekly? It's finding support right around the cloud. Okay, so it's been stagnant here. After this break under this symmetrical triangle, on the daily chart, it seems to be getting back above that 200, so it's not looking as bearish anymore to me, but I would not be adding positions yet on that one. All right, let's look at the final three here. FNDA, Fundamental U.S. Small Company ETF by Charles Schwab. It's in a symmetrical triangle in the daily chart. Price is above the moving averages. It's above the cloud. It looks like it wants to break. It's up 0.94%. Here's the weekly chart. Very bullish. I like this one. I'd just wait for the breakout, probably. If you're thinking about adding this position, I would want to wait until it gets above it. DK is Dellick U.S. Holdings, Inc. It's an oil and gas refining and marketing stock. As you can see here on the weekly chart, it broke through this consolidation box right here back on July 2nd, right? And since that point, it's up actually up 34.9%. Still strong. Looking at the daily chart, very bullish. This is what you're looking for as far as visually what you want to see with the Ichimoku indicator. All of the elements in the correct order. Price above the green line. The green line above the red line. The light blue line above the purple line. And price above all these moving averages. And we want to see that white line, the Chikus band, the current price projected 26 periods ago, above the candle 26 periods ago. We want to see the ADX moving up. We want to see the green line moving up and the red line moving down. That's ideal. It doesn't have to be, but it's a more ideal scenario. And this is a daily chart. Now, it seems a bit extended here. But it could continue moving up even more. If you see a sharp decline in the ADX, that means there's a loss of momentum and it could pull back. And maybe create a short little pull back. Find some support either at the green line or the red line. And then continue this move up if the oil and gas refining marketing stocks go up, continue going up. So, I like this one. It's ticker symbol DK. And then let's look at EMLP, which is the First Trust North American Energy Infrastructure. This one is still in a consolidation zone. So, it's been in here since February of 2026. It's just kind of stuck. But when it does break through, you know, just imagine like a coil that's been moving and bouncing around, right, and twisting. Once it breaks through the box, expect some volatility and it to take off. You can see all of this also down below the directional movement index. Because when you start seeing the green line crossing in above and below and, you know, continuously above the directional movement index, you know, above the negative DI9, you know that there's something you got to wait it out here, okay? The white line is moving sideways the majority of the time, as you can see here. So, yeah, there's nothing happening. And remember, after a move up, it's when you start seeing that decline that you know that the trend is probably over, when you start seeing that ADX drop. So, that's going to do it for this video, guys. Thanks for watching. Thanks for supporting my channel by becoming subscribers, too. It takes five seconds. If you haven't become a subscriber yet, it's free. All you got to do is hit that subscribe button right here. Whoops. The subscribe button. Hit the notification bell if you want to get the notifications when these videos come out. If you want to get, become a member to access these member-only videos that I post, click the join button. You do need to select either Blue Cloud Trader or Blue Cloud Legend level member to get those videos. Under Blue Cloud Supporter, you can request a stock to be analyzed in an upcoming video. And then what else should I tell you? There's more links here, 10 more links. If you click on that, you can find a lot of the links for the things that I talk about. So, like Finviz Elite is the software that I used earlier to look at Boxable. What else? This is the charting platform, TC2000. There's a $25 coupon for that. My Twitter page is right there. If you are a property manager or a landlord, you may want to check out this free software. I use it. The only reason I have it here is because I use it and I like it. It's called Inago. NordVPN is good. If you're interested in having a VPN service on your laptop and check out, yeah, my TikTok and other things here. Okay. Thanks, guys. I will catch you all in the next video.
[01:40:25] Speaker 8: The Ichimoku is guiding light.
[01:40:40] Speaker 1: Blue cloud trading through the night.
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