TOP STOCKS TO WATCH (06/23) Stock Market Analysis by Blue Cloud Trading

[00:00:00] Scott Wapner: Blue cloud trading through the night. Carl, thank you very much. Welcome to the Halftime Report. I'm Scott Wapner, front and center this hour. The latest in the markets, the chip stock sell-off, SpaceX trying to find its footing after a few days of selling. We're trading all of it with the Investment Committee. And joining me for the hour today, Joe Terranova, Brian Belsky, Kevin Simpson, Josh Brown, take you to the market, show you exactly what we're doing. We certainly have come off the worst levels. Dow's positive now. NASDAQ has been the flashpoint of weakness, no doubt, all morning long. But those losses are about half as much as they were early on. You're still down about one and two-thirds percent. We're going to get to all of that in a minute, I promise. I do want to start, though, with a new buy of a blue chip. I mean, a fallen blue chip. How would you refer to Nike? Josh Brown, I'll let you. It's the worst stock. I'll let you talk about it. It's the worst stock in the market. Yeah, I mean, you just, right, the guy who does the best stocks in the market picks what he says is one of the worst. And he buys it. [00:01:04] Josh Brown: I don't do that. Yeah, yeah. [00:01:05] Scott Wapner: Yeah. I'm not a value investor. So you bought Nike, okay? So you bought Nike. It's down 6% this week. It's down 33% year-to-date. It's down 50% from its all-time high. Tell me more. [00:01:20] Josh Brown: I took half a position. If it comes down another couple of bucks, I'll take the other half, and then we'll see what happens. I don't, as a rule, I don't spend a lot of time on the 52-week low list. Certainly am not looking for stocks that are trading at 11-year lows, but that's where Nike is. This thing is trading where it was in 2015. There are a lot of good reasons why not worth spending time on it. Everybody understands the negatives. The China business is a mess. There's a ton of competition. They've had some missteps on some of their sub-brands, over-reliance on the Jordan franchise, Air Force One, Air Max 95. Like, we all, everybody on this desk, everybody in the building you're in, Judge, can go through the litany. I understand all that. The stock is at its worst drawdown ever since coming public, ever. 73% below highs. Now, you might say it should be. Okay, well, it is. So, congratulations. You're as good at reading news as I am. It is, however, looking like some people are coming in at this level routinely. It bottoms here in April, and so far that bottom seems to be holding. So, maybe there's a trapdoor and the real bottom is 32. I don't really know. But what I will tell you is this. This stock has not had a positive year since 2021. It's been down five years straight. It's been annualizing at negative 19% a year, annualizing at negative 1% a year for the last decade. This is very, very rare. And they report a week from today. The earnings will be terrible. Okay? Everyone knows that, though. That's what's in the consensus forecast. 2% decline in revenue year over year, 13% decline in earnings. But let me get to my point. There's big insider buying in this stock in two waves. In December of 2025, Tim Cook, yes, Tim Apple, who is a board member, bought 50,000 shares, increased his own stake by 90%. Another board member, Robert Holmes Swan, bought 8,700 shares. Elliot Hill, who's the new CEO, bought 16,000 and changed shares, which is a million-dollar open market purchase. And then in April, they bought again. Tim Cook bought 25,000 shares at $42. And Hill bought another 24,000 shares at 42. So these are people who have operational insight into what's going on in the business. And what I can tell you, I might be early. I think they nailed it with the NBA playoffs and the Knicks. I think they had the shoes ready. They had Timmy Chalamet. They had the celebrities wearing the shoes. And here's what they're doing differently. Rather than a drop where the robots just buy all the sneakers to sell on a StockX and everybody's pissed off at Nike, they did pre-orders for the first time. They did an Air Force One exclusive with Foot Locker. They did an Air Max 95 Knicks with Kith. And then they did another one, which I think will be the biggest seller, the Air Jordan 3, which is right now listed at like $700 or $800 in the resale market. The shoe isn't even coming out for months. This is a change in go-to-market strategy. And I think the fashion is ahead of Wall Street. I could be wrong. I think the fashion side of what Nike is pulling off is ahead of the sell side and the discounted cash flow, guys. [00:04:43] Scott Wapner: Let me raise some points that Evercore, for example, raises today. They downgraded the stock today, okay? And they worry about the risk of another cut that they'll have to potentially signal consensus lower again in the near term. The point being, as far as they see it, according to their recent checks, that the time frame for a turnaround could get pushed out yet again. How much of a risk do you see that in your thesis here, which, you know, you suggest, well, everybody knows what all the issues are. Their point is, well, they may know what the issues are, but they may not get any better anytime soon. [00:05:30] Josh Brown: Right. I don't think you need those issues to get better anytime soon, quite frankly. And I don't think they will in this quarter that we're in. But I think they're nailing the World Cup moment. And I think, again, I think they nailed the NBA Finals. They had products ready. Happens to be a city where 20 million people care about the team. So that's better than San Antonio winning and them having a shoe with the French Prince. All right. So that's out of the way. They actually might have nailed what the tech people would call product market fit. So I don't think that those issues are fixed anytime soon. I like the CEO buying open market. I like Tim Cook, another board member, buying open market. I like a setup where the stock is down 75% from a tie. If they have another bad quarter, no one's going to be like, oh, my God, did you see what Nike just said? Everybody knows. Everybody knows. So I could be wrong. Maybe they missed. They give negative guidance again. The stock drops to 25, and I'll be eating SpaghettiOs. I'll lose all my money. Okay. I'm willing to accept that risk. Okay. [00:06:33] Speaker 3: So let's kick it on the desk. Here's what I'd like to hear from Josh. It is much easier to manage the risk in a stock that is, quote, unquote, a best stock in the market. Why? You could rely on price. You could basically say price falls by X percent. I'm out of it. It's more difficult to manage a stock that's wallowing at the bottom, that's down 60-plus percent over the last five years. So, Josh, is it price? Is it time? You're going to time stop you're out of it? Tell us how you're going to risk manage this name. [00:07:07] Josh Brown: Well, for starters, I took half the size position that I ultimately want, so I'm giving myself a little bit of grace. And, you know, if I miss it and the thing that runs back to 47, 48, I have a half position. But if there's another couple of bucks lower here, earnings related or not, I have the ability to lower my average price. So that's number one. Number two, the position size within the grand scheme of my overall portfolio. This is not going to change anybody's life. It doesn't matter that much. So it's a combination of position sizing just in general and then the actual purchase process, not waiting in here and saying, no, after 10 years, I've decided today is the bottom. I don't think that way. I don't think I have that ability. So that's the answer to that question. Will I just hold it endlessly? No. If I don't like what I hear, I'll bail. I'll take the L. It won't be the first L I ever took. [00:08:04] Speaker 4: We've had the chance to talk about this stock on this show for several years because we've gone on and off in our value portfolio, Scott. We bought it a year ago, sold it in January because we believe that the company is still operationally broken. And so all the news is out there that Josh talked about, about all the competition, all this kind of stuff. So my question for Josh would be, as a value investor, you're either on to something or on something because you've got to think differently. It's very contrarian. You have a contrarian positive, by the way, Josh, that someone downgraded it today. I love it when you buy something when another brokerage downgrades a stock. But how are you convinced just from insider buying that operationally it's fixed because what we were hearing was we're going to focus on our core businesses. I'm not convinced of that. And then they didn't focus on their core businesses. So how long do you think it's going to be? Is this going to be 6 to 12 months? [00:09:00] Josh Brown: I don't see myself in the stock 12 months from now, and I'm not convinced that they've completely fixed the company. I mean, the market would be so wrong if they had really gotten all of their problems fixed. I'm just willing to bet things are pretty bad and there's not going to be a huge penalty if it turns out things are worse. Whereas, God forbid, God forbid they have something positive to say about the second half, Christmas, some of the newer products they put out, the pre-order thing that I talked about. If they have anything positive to say, nobody likes it. Nobody's long. So to me, it's more of a risk-reward thing. It's not me knowing better than the stock market about the operations of Nike. How could I possibly? [00:09:48] Scott Wapner: Okay. Well, it's an interesting new one. We'll certainly see how it plays out, and we'll be right there to discuss it, certainly over the next handful of weeks, months, however long you're in the name. Back to the market at large, which is, as we said, off the lows, still red mostly other than the Dow. But the Nasdaq's the real point of concern today, especially in the chip orbit. Micron's down again. Earnings are tomorrow. That's critical. SK Hynix out of Korea, down again. There's Qualcomm, SanDisk, et cetera. The memory trade is the one that we keep focusing on. Kev, what do you think is happening in the market here? You have Micron, and it's down, as we said, substantially heading into a really critical earnings sprint. [00:10:28] Speaker 5: And I think it is a critical earnings sprint. And I think what I'll be looking for, Scott, is the guidance more than anything. The reason the stock doubled is pretty basic. The earnings doubled. So now we have to look into the future and see what those earnings look like, not just for 27, but for 28 and beyond. And if they're good, the stock can move higher. I don't think it's unusual to see a little air pocket here. Part of the reason the tech trade's selling off isn't a Micron story. I think it has a lot to do with just going from one risk, which was geopolitical Middle East, now to something that's a little bit more interest rate sensitive, which is going to affect tech stocks more broadly. Because you're paying for future earnings, generally you're trading up on a multiple scale. I think Micron's numbers are going to be really good. [00:11:08] Scott Wapner: Do you think Micron's trading lower because of interest rates? [00:11:11] Speaker 5: I think so, absolutely. I think the whole tech trade is off a little bit because of interest rates not coming down. Part of the thesis was that going into this year, the Fed was going to cut rates one, two, three times. And I've been saying for probably a month or two that it's going to be years before they can cut rates. Now, they don't have to hike rates, but higher for longer puts pressure on the tech trade. Otherwise, it would be a Micron story, and the rest of the semis and the rest of the tech trade would be higher. But when we see this kind of shift, and it's not a big deal. I don't think rates are going to be much higher. I'm not expecting a hike cycle. But I think that you're seeing a little pressure on technology very specifically because of interest rate pressure. [00:11:48] Speaker 3: You buy that? I think the market is just very sensitive to rotating position. You have Micron earnings tomorrow, overnight. Kospi down 10%. SK Hinox down 10%. Samsung down 10%. Guess what? All of these stocks yesterday, these memory stocks, these semiconductor stocks, we were sitting here 24 hours ago, and we were talking them being at all-time highs. We were talking about KLA Corp, Applied Materials, LAM Research. Those stocks rolled down 10% today. So what did that do? That broke the fever in the momentum factor. The momentum factor had been driving the market over the last several days when components of technology were actually beginning to break down. Just yesterday, the momentum factor made a new all-time high. So this is nothing more than, as I see it, as relief from extreme positioning as it related to those momentum factor areas. Look today. Financials are higher. Guess what? The momentum names, Interactive Brokers, Goldman Sachs, Morgan Stanley, they're down. This is a recalibration towards momentum. [00:12:51] Speaker 4: Yeah, I think the real problem that people aren't understanding on this is that it's never different this time. And as a sector strategist for years and years and years, you know, the chips remain the most volatile earner of all the semiconductor names and all in memory chips, in Micron in particular, number one. So... The market hasn't been treating them as a volatile earner. No, it hasn't. It's been treating them as a guaranteed earner. That's why it's never different this time. So I caution that. You know what's really interesting, though? The stock market is a market of stocks. And if you take a look at the Russell 1000 value index, in the technology sector, in Russell 1000 value, it's up 101%. And a big, big part of it is Micron and some of these down-and-out names before that. So I know Santoli's talked a lot about the repositioning of the indices. It's going to be really important at the end of this quarter. But stocks are rarely linear for long. And I think this is just all part of gravity coming back down. And they better crush the earnings tomorrow or they're going to have to... It's going to prove what the reality is. [00:13:51] Scott Wapner: And the reality is these earnings remain volatile. Josh, what do you see here when you look at these names and now how volatile they've gotten? [00:14:00] Josh Brown: I'm going to tell you the one thing that nobody has ever said about momentum stocks. But it's absolutely something that I've learned over 30 years on the street as being one of these elemental truths. The problem... Every investment strategy has a problem. Okay? So we talked about Nike. The problem with value investing is that the fundamentals deteriorate just when the stock looks cheap. This is the other version. The problem with momentum is that the holders are low conviction. So the higher the momentum a stock has, the lower the conviction the holders. Why is that the case? Because they're in the stock to begin with primarily because the stock's going up. So once that stops and goes into reverse, they're not like looking up the 8K and trying to familiarize themselves with, you know, the cash flows. They sell it. So, you know, you have a lot of people that are in these names, not because they don't like the business or the company or the founder or the CEO. But primarily, I bought the stock because it's going up, and I want to own a stock that's going up. And once that goes into reverse, there's no conviction there, which exacerbates the sell-offs. And if you don't understand that, you shouldn't be in these names to begin with. [00:15:13] Scott Wapner: You know, the other story I wanted to get to is SpaceX, which is, as we said, you know, trying to find its footing a little bit. Had a great IPO, clearly, down three days in a row. Stock's now green. Kevin Simpson, you bought more of it. When did you do that and why? [00:15:28] Speaker 5: So we talked about this at the close on Friday, and we took a small position. This is a stock that we're not trading for a week or two. Everything that Josh said about the retail momentum trader is accurate. Anyone that was in this name for the pop is out of it because it's rolled over. Obviously, it's not 210 or 213. Back here in the 150s, 160s, this is a better entry point. But I don't know that this is over. There's going to be tons of dilution on this thing as it comes off of restriction, off of lockups. We took a small position Friday. We bought a little bit more yesterday. I know that there's – you talked about it yesterday, Joe, in terms of valuations and fundamentals. There's a 24-year-old company. I think there's some fundamentals here that make sense. But the valuations are off the chart. If you're looking at it from that perspective, then wait for the stock to get lower. But we love the rocket side of the equation. We love the satellites. And there's an Elon Musk component here that we'll pay up for. But I'm going to build this position out over the next six months in our growth strategy. And unique to me, the volatility that's in this name will allow me to write options against it. And I'm going to write tons of premium. That's for sure. Whether or not the stock goes to 120 or 220, time will tell. But I'll be looking at that over the next year or two, not the next week. [00:16:38] Scott Wapner: SQUAHANA initiates it today, neutral, 170's price target. You don't have it? You don't want it? [00:16:44] Speaker ?: No. [00:16:44] Scott Wapner: No. [00:16:44] Speaker 4: We don't own it. We own Tesla. That's been our call for the last six months. We're going to wait and see what happens there. But I think – You're playing for a merger between these two? We are. We are. And what's interesting is that I think there's such a dichotomy of what's going on with the stock right now. Typically and historically, I've not purchased IPOs until a year that they're in the public marketplace because of exactly what's going on here. Now, the accelerated impact of this stock going into indices, it's a different ballgame there. And I think the biggest problem with how you're going to be putting the stock – one indice – Faxad has it as a communication services stock. The NASDAQ has it as a technology stock. So, we don't know exactly what's going to be in the technology stock. So, at the end of the day, this is a name we want to own longer term, but not yet. I think it goes lower. All right. [00:17:33] Scott Wapner: Looking elsewhere within tech today, Apple's green, Microsoft green, Amazon green. A lot of the software names are green. Nice day service now. Salesforce was down like 14 days in a row. Green. Palo Alto, CrowdStrike. You sold Twilio. [00:17:48] Speaker 3: I got stopped out at Twilio. That's not a willing sale. That's a very disgruntled sale. And I'm sure Twilio moves higher from here. That's how the game works. Bought at the beginning of the month. Reached too high for it. It was a stock that was significantly outperforming the rest of its software peers. I think what we're seeing today speaks towards the positional rotation that I began the show talking about. You're seeing software moving higher. You're seeing the Mag7 move higher. The trillion-dollar companies. Let's keep in mind, over the last five days, they've been the drag on the market, right? It's been Microsoft. It's been Meta that has been down. So, as it relates to Twilio, I made the mistake of reaching towards the all-time high to take ownership of the stock. You have to risk-manage the position. I lost 18% on this trade. Not happy about it. What I'll do to comfort myself is look back on my prior trading of the last 10 years in Twilio and see some positive trades. But that doesn't really alleviate some of what I'm feeling right now. [00:18:46] Scott Wapner: Okay. Elsewhere in the market, Russell coming off a new record high. Was above 3,000 for the first time ever. It's a little bit below that. Rebalances this Friday. That's going to be key. Going to keep an eye on that because some of the biggest gainers may be bounced in that rebalance. Financials play a role in there, certainly the regionals. Josh, you bought Citizens Financial Group. [00:19:09] Josh Brown: Tell me more about that. Yeah, so I talked about the stock a week or two ago. We had written up a bunch of financials as part of our best stocks in the market, commentary at CNBC Pro. And I highlighted this along with a couple of other banks and decided to pull the trigger on this the other day. It is within 1% of a 52-week high, give or take. It might be making a new high right now. RSI 66, not overbought. It's about 6% above its 50-day, 16% above its 200. So we're not buying a very extended stock that's been rallying and rallying and rallying. What's actually happening, pull this chart back a little bit while I talk. What's actually happening is it's taking out prior resistance, which was, here you can see it very clearly. 68, 69 had been resistance, really going back to the beginning of the year. A lot of the financials looked the same. They came in due to the Iran war. They've since been fighting back. The rates picture has been murky, blah, blah, blah. But this is a stock at 10 times earnings with 35% earnings per share growth expected this year, 23% growth next year. I just think it's mispriced. I think the market's recognizing that. And the breakout is evidence that I'm onto something. Other people agree with me. So I don't know how high she can get. I'm long. I'll probably put a stop in at some point. And we'll see what happens. You still have this. You had a ton of regionals. [00:20:31] Speaker 3: Yeah. We've reduced our regional positioning somewhat. But I like what Josh is doing here. And I think, Scott. So you don't have this one? Did you have this one? We've had that one in the past in the ETF. That's correct. Right. I thought. Okay. But I think it's indicative of how I think Josh's move is the right one. Brian, you and I have talked about this in the past. The beginning of the year is financials really popular, very strong holding in our momentum ETF. We reduced positioning significantly in April. Scott, what I'm seeing now is the rebuilding and positioning in financials. If I could, CBOE is a name. I established a personal position. And today, that's buying one of the exchanges. That's rebuilding the position for financials. It's the reason last week I went back into J.P. Morgan as well. I think a lot of people are going to look towards this sector and say, aha, okay, we were shaken out. We had a fake out in March and April. Let's go right back in. [00:21:22] Scott Wapner: That's your space. I mean, it started to look better for sure. [00:21:24] Speaker 4: Yeah, financials, financials, financials. But the other thing, too, about the Russell 2000, man, is the kind of outperformance. So, if you break it apart and you look at the S&P 600 versus the S&P 400, the S&P 600 is up 20% year-to-date. And a big part of that, Scott, is a lot of these awesome financial companies. We're overweight financials in our small mid-cap portfolios. The Citizen call is an amazing call. There's probably 10 charts that look like Citizen within the small-cap banks. And we think going forward, as the market, yeah, we're believers in the broadening out, small mid-cap banks are going to be part of the consolidation play. And they're going to benefit from less regulation as well over the next 6 to 12 months. [00:22:01] Scott Wapner: All right. The other area getting a lot of attention these days, biotechs. One of the hottest groups, according to Wolf, trading at five-year highs. All-time highs are in sight. We think the group will continue trading higher from here. Kevin, you bought more Amgen. You bought more AbbVie. Joe bought the XBI. More of that. But tell me about yours, Kev. [00:22:22] Speaker 5: Yeah, I mean, I think there's a lot of opportunity here. These are both names trading at 15 times forward earnings. So you're not overpaying. You're looking at a sector that's been somewhat out of favor, but getting and garnering a lot of attention. And one of the things that I like best about the space, Scott, is I think this is an AI-adjacent play. If we think about where you can actually monetize artificial intelligence, this is an opportunity both for pharma, for biotech, to bring products to market, to go through testing cheaper, faster, better. And I believe that this is one of the first sectors that's really going to be able to prove positive what AI can do for humanity. So totally psyched about these trades. [00:22:57] Speaker 3: What about your XBI? XBI since April 1st inflows into the XBI have now totaled $941 million. That's an 11% increase, $448 million yesterday, three consecutive days. There is evidence that positioning is returning to that biotech ETF. I think it goes to the February 2021 high at $174. [00:23:19] Scott Wapner: Okay. We'll take a break. As of the day, GE Healthcare outperform 80 bucks at RBC. [00:23:25] Speaker 3: Joe T. It's a recent acquisition for us in the ETF. It's the spinoff of GE in 2023. We're talking about mid-single-digit growth here for this company. I think if you're owning this company today, you're believing in two things. Number one, the ability for the healthcare sector to take a leadership role overall in the market. And secondarily, the significant R&D that they are spending to bring in technology and advance that technology that will grow revenue beyond the single-territory double-digit teams. [00:23:58] Scott Wapner: Target upgraded to outperform. Brian Belsky, top pick. Is Minneapolis' favorite company, 162 at Wolf. That's right. It all comes back to Minnesota. It does. It always does. [00:24:09] Speaker 4: It really does. I mean, you think about this stock. It used to look like Nike does now. I mean, operationally broken, but we've got new management, new vision. They've delivered on their earnings. I think this is a stock that is a massive turnaround. It is going to really help those investors, Scott, get back into consumer staples, which is an expensive sector. But this is an alternative to both Walmart and Costco. Depot, downgraded. [00:24:39] Scott Wapner: Pure Perform from Outperform at Wolf. Kevin, you take that. [00:24:43] Speaker 5: Yeah, I agree with the call. I think Pure Perform is the best we can hope for. If you think I'm wrong about interest rates, it could be an interest rate hedge in a lower interest rate environment. But the housing rehab market is temporarily frozen for sure, but it's not broken. Home Depot is also in the commercial side of things. We own the stock. I don't know that you need to follow us into it here, but eventually you'll see a turnaround. And I like the call, and I'm comfortable with hanging on to Home Depot. [00:25:08] Scott Wapner: Celsius target got cut. Bell speed of 48 from 55. Morgan Stanley still likes it, but they lower their estimates. [00:25:16] Speaker 4: Had a Celsius on the way to the show here today. I own it. It's not doing anything to support the stock, obviously. It really isn't. It's a great company, and it's one of those things where you want to buy scarcity and sell capacity. And this is one of those names that are the only one in the space that is doing what they do. We love it longer term. We think Gen Z is really going to be driving the volumes longer term. [00:25:36] Scott Wapner: All right. Take two interactive. 368 is the new target at B of A. [00:25:40] Speaker 4: It says buy it. You own that one, Tom. Grand, theft, auto. That's all you need to know. And plus, too, this is helping, I think, in the communication services sector, Scott, where you're starting to see more and more rotation into the gamers again. And I think it's going to help that sector move higher. Why is it down 4%? I think partially it is because a lot of investors have taken money out of communication services and into tech. And so part of the reallocation has been we're kind of waiting around. We know when the game is coming out. So, again, the short-term nature of investors are going to buy this stock later in the year. All right. [00:26:16] Scott Wapner: Welcome back. Best stocks in the market, according to Josh Brown. Today, the spotlight is Shining Ware. [00:26:25] Josh Brown: Well, these are names that I've been talking about on this segment over the last year. So we revisit this just to kind of give people an update on price action and where stops and risk management should be moved to. Interactive brokers, we talked about a year ago, last July, stocks up about 61% since then versus 20% for the S&P. The fundamentals are following through on what price was already telling us. Margin loans are up 40% to $90 billion. All sorts of trading activity happening on the platform. The markets have been in full swing. If you want to stay long this name, I would use, if you're a trader, I would use 88 as my pivot point. If you're an investor, a little bit more risk tolerance, 83. That's where the 50-day is currently providing support. There have been two pullbacks, and both of them in that $83 area were bought immediately. Let's do CAT. We talked about this name for the first time in April. Stocks up 20% since then versus the S&P up 5%. It was higher last week, but it's still a pretty decent-sized winner. And if you want to stay long this name, what you're betting on is the continued AI CapEx build-out. The CEO says Caterpillar is the invisible layer of the tech stack. Large engines, turbines, powering data centers, 24-7 electricity, etc. Traders can use 940 here, which I think gives you a little bit of wiggle room, but not too much. If you're an investor, I like the rising 50-day, which is 873. That's been a very well-established level of support, as you can see in the chart that they're showing you on the screen right now. Forget about the 200-day. It's at 670, way too far removed from the current price. Not a useful reference point. Last but not least, let's do Delta. We talked about the stock on December 8th. It's had a pretty good run since then. It's been choppier than the other two, but still in an uptrend. No reason to have gotten out of it. And I still like it. This is the top of the K. They cater to the business traveler, the upper-middle-class traveler, the wealthy traveler that is willing to pay the full freight for luxury, convenience, etc. It's a great business, way better business than Spirit Airlines, RIP. Traders can use $75 as their stop here. Investors can use the rising 50-day again, and that's at 74. Okay. [00:28:51] Scott Wapner: Kat, Kev, take that one first. [00:28:54] Speaker 5: I love Josh's call on Caterpillar. We've owned it for 10, 15 years. The market's seeing everything we see. This isn't a cyclical industrial company. I use the term AI-adjacent in talking about biotech. This is AI-adjacent. They get paid, and the stock is something you can hold as an investor for a long time. [00:29:10] Speaker 3: Joe, Interactive? Interactive Brokers is a long-term holding for me. We're in it at $43. When I say we, I'm in it at $43. The ETF has had it. It's not in it currently. Interactive Brokers continues to gain market share. Everything that Coin and Robinhood are trying to accomplish, Interactive Brokers has already accomplished it. We're seeing a lot of the retail community, besides the strong foothold they have at Institutional, now utilizing the platform. You could be a we, if you want to. It's okay. You could pull off the we. We. Okay. [00:29:42] Speaker 4: We. Some people say that. Okay. Belsky, Delta. Top of the food chain, man. Best airline. Consistent category killer. You know, a lot of people forget they bought a refiner a decade ago, and so that's kind of mitigated their fuel risk, and it is by far the best airline. [00:29:58] Scott Wapner: Okay. Final time. Josh Brown, what is your final trade? CFG. Thank you. Kevin Simpson. [00:30:07] Speaker 5: Apple, one of the strongest balance sheets on the planet. Belsky. [00:30:10] Scott Wapner: F&B Corporation. Travelers. I like a little F&B right now. I'm a little hungry. All right. I'll see you at three. All right. Thanks very much, guys. Welcome to Closing Bell. Scott Wabner, live from Post 9 here at the New York Stock Exchange. This Maker Break Hour begins with the momentum meltdown. That area of the market is seeing some outsized selling again today, especially in those high-flying memory chip names. Here is the scorecard with 60 to go in regulation. NASDAQ is, without question, the point of weakness again today. In fact, we're selling off a little bit as we begin this final stretch. We're off more than 2% now. It's the memory stocks where a lot of the focus has been. The microns of the world and some of the other high-flying names certainly coming back to Earth a bit. Mega caps, well, they are mixed across the board. You have had some buying throughout the day. Amazon and Microsoft are green. Alphabet, though, remains red. How about SpaceX? It is rebounding today after three consecutive down days. We've been watching that stock very closely since its IPO. Cyber stocks, out of the software space, they're bouncing today. So it's not all red by any means. In tech, Salesforce went through a miserable stretch, was down 14 days in a row. It's higher. Snowflake is. ServiceNow is as well. We'll watch all of that. Chris Heisey with us here at Post 9. Bell's going to ring in a moment. We are going to go out red across the board, although the way things settle out, you never know with the Dow, which is only down a fraction at the moment. [00:31:36] Speaker 6: Hello, everybody. Welcome to Blue Cloud Trading. I'm George. It's Tuesday, June 23rd, 5.12 p.m. Eastern Time. As I'm recording this video, in this segment of the video, what we're going to do is go over a number of stocks that were discussed on today's episode of the Halftime Report. So let's take a look at that list very quickly. I just want to share with you what we'll be covering. We're going to look at the technicals. All right. We're going to use the Ichimoku indicator, Japanese indicator, incepted in the late 1930s, okay, published in the late 1960s, and is used by many financial institutions today. So, yeah, here's the list of 14 ETFs, like the Dow, Russell, the SMH ETF, which is the semiconductor ETF, the SPY, the QS, FEZ, which is the Eurostox 50. We'll look at gold, silver, oil, okay, Bitcoin, Ethereum, copper miners ETF, and the Magnificent 7. We'll follow that up with a lot of the stocks that were discussed on the actual show today. So there were about 29. There were actually more, a lot more than that. But this is the list that I'm going to go over, 29 stocks and ETFs all mixed up in here. What I've done is already previewed these to identify the strongest ones. And I put a little blue flag here on the left-hand side to basically to show you guys what looks good. Out of the 29, there's just 10, one-third of the stocks that look bullish on both the daily and the weekly chart. That's really important. That's what qualifies to get the blue flag. And then we'll also take a look at one of our members' requests, OSCR, which is a great-looking stock, Oscar Health Inc. So let's go ahead and start off by taking a look at the indices. How did they perform today? Not so good. As you can see here, the Dow Jones was down. I mean, this one was down the least, down 0.09%. The NASDAQ was down 2.21%. Price gap down and basically stayed down, okay, in this range, 2.21%. Big drop. S&P 500 down 1.44%. And the Russell 2000 was down 0.96%. You know, basically, NASDAQ closed 2% lower, led by Micron as global tech sell-off rattles the markets. Let's take a look at the heat map. See how the individual stocks in the S&P 500 performed today. There it is. Look at the semiconductors all in the red here. Micron down 13.18%. Huge drop. NVIDIA down over 4%. AMD down over 5%. Intel down over 6%. Qcom down over 8%. And Texas Instruments, you know, it's not looking that great here for the semiconductors, at least not today. But there is a positive thing that I'm going to show you guys in the charts. When we look at that semiconductor ETF, that might help to relieve you from, you know, I don't know, stressing out too, too much, right? Microsoft was actually up 1.8. You see Fortinet was up 1.79. Over here under the computer hardware, Dell was up 2.17 under software applications. Some of the names like CRM and NOW and ADP, they were up. Looking at the sectors, the healthcare stocks did really well today, okay? Except for Pfizer. Real estate was up quite a bit. The utility stocks did really well, most of them. The energy stocks did well. Industrials mixed, okay? And then insurance companies and banks, some of those did really well. And consumer defensives like Walmart, Coca-Cola, Pepsi, Philip Morris, they did well. Basic materials were mostly in the red here. Let's take a look also at the after hours market performance. What's going on right now after the close? Well, as you can see, most of the stocks here in the semiconductor space are in the green, actually. Not by much, but Micron, for example, is up 1.2% at 5.16 p.m. Eastern time. And some of the other stocks here in the technology sector are also looking pretty good. So let's go ahead. Let's take a look at, we'll start off with the index ETFs like the Dow. So out of these 14 ETFs, it's just three that qualify, meet the criteria necessary to showcase that it's a strong chart on both the weekly and the daily. Now, what's necessary for that? Okay, some of you are new. Price needs to be above the cloud itself, the Ichimoku cloud, all right? And price has to be above the moving averages. Tenkinson, the nine period, which is the midpoint of the last nine periods. The Kijinsen, you'll hear me saying that. That's the red line. It's the midpoint of the last 26 periods. It's the longer, shorter, I'm sorry. It's the slower moving average. We want the green line above the red line. And we want price above both of those two moving averages. We also want price to be above the cloud. The cloud is comprised by the CincoSpan A, right there. Okay, that's that light, the colored blue line, and the CincoSpan B. And these are derived. You'll notice how they're projecting into the future, right? So what it does is it takes the midpoint of these two moving averages here, okay? And that is what creates the CincoSpan A, 26 periods into the future. The purple line, the CincoSpan B, is the midpoint. So it takes the high of the candle, the low of the candle, divides it by two. So that's the midpoint of the last 52 periods. So think of this as almost like a 50-day moving average, you know, what you guys are most likely familiarized with. But instead of projecting it under the candles or above it, it actually projects into the future, which is kind of cool and interesting. So the idea here is for us to have an idea of what might potentially transpire. Everything is, of course, based on mathematical, these mathematical equations I just mentioned. Then you've got the CincoSpan. That's that lagging line, that white line there that's hovering in the back, right? So it's basically projected 26 periods into the past. What is that? It's based on the current price. It's that current price in a line form projected 26 periods ago. What we want with this one is to be above the candles here. 26 periods ago. So that candle right there, if the white line is above, that's bullish. It's as simple as that. When the white line is under the candles, that's very bearish. And you can see how price was dropping at that time here. We would have seen that, of course, you know, when the price dropped over here, for example, under. We would have had to go out 26 periods into the future. And we would have seen that right around this point right here, around this candle, that the white line had dropped under, giving us a warning sign. Of course, at that point, we were also under these moving averages. So there's a lot of negativity happening here in the Dow when we had that big decline, right? That almost 10% drop back in from, let's see, February to like March 26 or so. March 30th. So, all right. So it looks, we've got all the things, all the elements are looking positive here on the, I'm going to throw on some more trend lines as well. These are just levels of support. When price, when the level is underneath the price, it's a level of support, 505.50 based on that prior high. Here's the daily, the weekly chart as well. Okay. So we're still above the moving averages. We're still above the support levels. Dow looks good still. Russell 2000 is stalling. Okay. So let me just read the daily chart real quick. I think we're going to have to revise this red line. It was based on this candle before, but now since prices just dropped, this is now the new high, 299.49. Okay. So that's the all time high right now, 299.49. Today we dropped 0.98%. That's what it needs to clear on the daily chart. On the weekly chart, we're still looking pretty positive as prices have been moving up. And so this may be short lived, obviously. And you know what's good is the fact that we did get some buying happening. So like what the candle, if you look at it closely and we switch it to a shorter time frame, a three minute, for example, what you'll notice is that price with the Russell, for example, it gapped down. It reached this level. Okay. And then it did move up throughout the day. So from that opening price, even though technically we were down 0.98%, from the opener, opening price at 9.30 a.m., it moved up 0.7% or so. SMH is the semiconductor ETF. Now here's a weekly chart. As you can see, we're still very bullish, right? Price is still above the moving averages. Price is still above the cloud. This other indicator, directional movement index, looks very bullish. That's when we have the green line, for example, above the red line. That's good. Ideally, you want that green line to also be moving up and the red line to be moving down. And the white line, it represents the 80X9 or momentum. So that means that the momentum is still strong on the weekly chart for the semiconductors. But today was not a good day. 7.01% is a relatively big drop, but we are holding above. And this is the positive part that I was telling you about earlier. We're still above the moving averages. And you're going to have some days where we have these little slight pullbacks. You know, one thing I also didn't mention is like tomorrow, there really aren't that any important. Let me just show you guys under the calendar here. As far as the economic calendar goes for, so this was today. I'm sorry. This was today, Tuesday, June 23rd. Tomorrow, there's not a whole lot of impactful releases that are coming out. But on Thursday, Thursday is a really important day that we should pay attention to, especially in the early morning at 30 a.m. That's the core PC price index that's going to be coming out, the results from that. See how it's got three dotted red boxes there? All right. That's how impactful this release can be to the market. We also have the durable goods orders month over month. The GDP growth rate, quarter over quarter final. See, those are also very impactful. The personal income month over month. That's going to be an important one. And so is the personal spending month over month. All these happen at 8. They all get released at the same time at 8.30 a.m. And then after that, there really aren't that many, you know, high impact releases. So expect Thursday, okay? It's going to, depending on how many of these releases come out, we'll see what happens in the early part of the morning. So I think tomorrow is going to be a relatively quiet day as far as, I don't think we're going to see too much volatility. I think we're going to see a lot more volatility on Thursday. So, yeah. Let's take a look here. SMH. And that's the thing I'd be watching for. So SMH, I like. I still like it, even though it's down 7.01%. The SPY, down 1.45%. Let's take a look and see what happens here. This is the weekly chart. It's been declining now since these highs from June 5th, right? Looking at the daily chart, I mentioned this yesterday and the day before, well, last week, that is Thursday, that price had gotten under the, I'm sorry, that the faster moving average here, the 9 had dropped under. It crossed under the slower moving average. And that's not a good sign. So even when price is above the moving averages, if you have this happening, it's not something that you can be super bullish about. And it might even be, you know, a warning sign. And look what happened here, down 1.45%. Take a look at the Chico Span. Remember what I said earlier? It's been above price for a long time here. And today, the Chico Span, the lagging line, okay, closed under this candle. Now, it could be just a short-lived day and we might see a pop back above, but that's not a good sign. In fact, the Chico Span has been above price, okay, since March 5th. It's a long time. So I hope this is not the beginning of this pullback that could potentially happen. The problem with the SPY right now is we've got this lower high. From the prior high, okay, you can see that, that trend, that diagonal trend line right there. And we have not taken out this low yet. If that happens, that's a descending triangle pattern, okay? And that is not a good pattern because if price gets underneath and closes under and it also enters into the cloud, it's more likely to continue dropping, okay? What else do I not like about the S&P 500, at least on the daily chart? Is the directional movement index. It hasn't been looking pretty here. You can see the red line has been above the green line here for quite a bit of time, right? So we can see right there, that candle started everything. Price dropped, tried to recover. The whole time, the red line was still above the green line. And then we never got above that high. And so now here we are dropping under, down 1.45%. So, you know, again, looking at that weekly chart, we could potentially recover here tomorrow, the next day, especially when those, on Thursday, when we get those reports, that's going to be really important. All right, it's always the results, not earnings, but like those releases. Whenever we get these types of releases or we get earnings reports from companies, that's what triggers all of this to begin with anyway. All the chart's doing is verifying how the market is processing the data, right? And then projecting it and plotting it right there on the chart for you so you can visually see what's happening in real time. You want to look at the long term? You look at a weekly chart. You want to look at the daily charts, okay? Each one of these candles represents a day. Maybe you want to look at a shorter time frame, like the 30 minute. And we're currently under the cloud and it's looking very bearish here for the queues, down 3.29%. Look at the VIX. It spiked today. It popped above the cloud on the 30 minute. On the daily chart, it was up 12.85%. It entered the cloud. That's not a good sign. We don't want to see volatility increasing, but that's what's happening, all right? The FEZ, the Euro stocks, also continued their decline. I mentioned how yesterday price had closed under the tengens and that's not a bullish sign right there. We shouldn't be adding positions here, right? Into weakness. You never add into weakness. It's a bad, bad idea and a bad omen, generally speaking. You want to add positions into strength when the majority of... of the traders out there are on the same page, okay? There's a confluence. They're all in agreement that price should be moving up, okay? That's not the case here. GLD, look at gold, still dropping down 1.9%. Okay? That's the daily chart. Here's the weekly chart. The one positive thing, as I mentioned yesterday, is that we were coming really close to the cloud. And there are many times when price comes to this level and there are other traders as financial institutions that are observing what's happening here at this level and saying, you know what? Maybe this is a good buy point right here. If we want to add some gold, this is not a bad spot to get in. But, you know, the momentum is also increasing now to the downside of the weekly. Let's look at that daily chart. You know, we've got some support still. Let me show you guys. Well, we've got this prior low down here, but we also have on the daily chart, for gold at least, see this low here? 371.88. So, I'd be watching that level. Silver, also dropping. This is not good here either. You know, it was retesting. Right here, we had a bullish engulfing pattern, which is a bullish pattern. It moved up a little bit, but it was under all this resistance. When I'm talking about the cloud, I'm talking about the 26th period. And then, it just did not have enough momentum and power to get through. The red line, as you can see here, the whole time was above the green line. So, visually, we can see what's happening here, momentum-wise, as well. OilK is also still dropping. That's the ProShares K1 free crude oil strategy ETF, right? Down just 0.59%. Bitcoin is still dropping. Down 3.26% under the cloud. Stay out of that one. For now, Ethereum is still under the cloud. Founding resistance at that 1707 level, based on that prior low right there. It's still under the 26th period. Not good. COPX has dropped, but found support close to the diagonal triangle here. This is a weekly level. It's been in this thing forever. And we've been following this. And we want to wait for, as I said, I think I mentioned this last week. Because this is a weekly symmetrical triangle, you need to wait until Friday. Because price might actually pierce through this level to the bottom here and then recover by the end of the day on Friday and close within the triangle. It could also just as easily break through the top here and then come right back in. But as price is getting squeezed in here, it's basically getting closer and closer. It's like a spring that's about to pop. And so we'll see when that happens. You know, it's also, you can sort of see this consolidation that's happening here down below. You can also use, again, the ADX. When you start seeing the ADX moving sideways, do you see the white line is just moving sideways? That's what that tells us. It's telling us there's consolidation here. When it starts to expand, like over here, where the white line got above, it started moving up. Price also started moving up, right? MAGS, MAGS is the Round Hill Magnificent 7 ETF. And this one I mentioned, oops, sorry. Let me go back to the deal chart here. I have this level right there. I moved it by accident. Okay. I mentioned how we had a double top pattern in the Magnificent 7. We had moved up so much, dropped, came back to that same level. Not enough buyers to push it through this high. That's a warning. Okay. There's no more, you know, momentum here. The momentum is starting to drop. Now, look at this. The momentum increased, but when the red line is above the green line and the momentum is increasing, that's not a good sign. You're getting the opposite effect. Okay. It's finding some support at the bottom of the cloud. Maybe we can bounce here, you know, but I certainly, certainly would not be adding any new positions in the CTF at this point. Look at the ChicoSpan is still under price. The cloud, see how the ChicoSpan A is moving down and the ChicoSpan B is moving up. If that light colored blue line crosses under, that's going to be a negative crossover on the cloud. That's also not good. You can see what happened over here, right? Okay. Let's get into the CNBC stocks now. As I mentioned, the top ones here, they look pretty good. And the rest of them, not so much. So let's look at CFG. That's Citizens Financials Group. Okay. Up 1.46%. Here's the weekly chart looking pretty, pretty good. I like this pattern. It's kind of like an ascending triangle pattern is what it's called. Okay. Do you see this higher low here? And then you get this horizontal level of resistance. And today, actually, we got above it. See, that's a $68.99 here and it's $68.79. So we're $0.20 above that weekly level. But it is a weekly level. So you can't really trust it 100% until the end of this week. Here's the daily chart breaking above. Okay. DAL. I like Delta Airlines as well. Here's a weekly chart. Very strong chart. We've got all the elements of each EMOKU in the correct order. Same thing on the daily chart. FNB. FNB Corporation is a bank, a regional bank. And let's start off the weekly chart. Very bullish here. Right? Price above the moving averages. They're in the correct order. Here's the daily chart. Same thing. Ichimoku stands for at a glance. You don't want to spend too much time trying to figure out the technicals. Okay? This sort of puts it all together very quickly at a glance. That's the idea here. Make your, you know, simplify the technicals. Don't make them more complicated than they need to be. All right? Then you can focus. Then you have the opportunity to actually review a lot more charts as a result. Because if you're spending too much time on any one individual chart, you know, you're just wasting your time as far as I'm concerned. So this helps to identify the stocks quickly, succinctly, so that we can move forward and have more ideas. WD is the Russell 1000 Value Index Fund ETF. This looks good. Look at this one. Popped down. Got under the nine period, but then closed above that nine period today. Here's the weekly chart. All right? So even though technically this Russell 1000 was down 1.06%, it did, and it gapped down, it did give us a nice, strong, bullish little spinning top. So tomorrow there's a higher likelihood, a higher probability that price will actually move up, even though the red line is above the green line. And why do I say that? Because the candle, ultimately, that we see each day is, I think, the most important part to observe. It's price action. And all of the moving averages, they might be slightly slower than the actual price movement. And so that we need to, that's why it's important to recognize and study candlestick patterns as well. Okay, KLAC, that's the KLA Corporation, the Semiconductor Equipment and Materials that dropped. Now, this one was down 9.17%. We didn't get a bullish spinning top. We got a red one, but it stayed above the Tinkinson. So it does pass the test, at least for now. And there's a possibility that we could bounce. But looking at the weekly chart, you know, we got a couple of weeks here that we're installing. MTUM, also, we got a bearish candle that's forming here on the weekly so far. We only have one day of action here. So this is not indicative of where the weekly chart's going to look like at the end of this week yet. We need to wait until Friday. So on the daily chart, though, we did have this big pullback, down 4.5%, but held up above the moving averages. Micron is doing the same thing here. Dropped 13.18%. It actually, interestingly enough, closed above the green line, okay? I was checking the exact price. I wasn't sure 100% because it was so close, but it did hold up above that Tinkinson. But it did retreat back into this little consolidations box. That's a big drop, 13.18%. But it is a very volatile stock. It does move quite a bit each day, you know? So TGT Target Corporation, let's look at that weekly chart. This is now... So last week, we closed under the 200 on the weekly chart. This week, we're above it. Will we remain above it by the end of this week? That's the question you've got to ask. So I would hold off until Friday to see where we're at with this. Here's the daily chart. Overall, I like both of these charts. TRV, the Travelers Company. So let's start off with the weekly chart. This one looks nice, too. It looks like it, you know, hopefully, if it can maintain above that 3.13.12 by the end of this week, that's a really, really bullish sign for Travelers. You can see the ADX is moving up. The green line is moving up. The red line is moving down. That's what you want to see on the daily chart. We also gapped up today. We gapped up today on a bad negative day above that 3.13 level. That was the opening price. It dropped a little bit and then came right back up. The bulls took control. Let's look at that three-minute chart. All right? So we dropped a little bit. We opened here. That's the dotted green line. I don't know if you can see that. It's a dotted green line there. Dropped and then came close to the 200 and then started to move up. Retreated, came back against the 200, and then bounced off of it. So that's a good sign. Again, that's a three-minute chart we're looking at right there. XBI is the biotech ETF. We talked about this one yesterday. I mentioned how we had this downward channel that was broken back here on June 17th, Wednesday, last week. And now we're still moving up. So this is a good sign. It was up 0.77% today. I like it. Apple, all right, is still, we talked about this one too, it's still under the moving averages here. And so I wouldn't touch this one yet. Down 0.91%. AbbVie, on the weekly chart, we are above the cloud. We are above the moving averages. So, I'm sorry, this is the daily chart, sorry. On the daily chart, it looks pretty bullish. The weekly chart, however, we don't have all of the elements in the correct order. So, it's not an optimal. And that's why it does not have a blue flag here. Neither does Apple. So, we already talked about the strongest ones, the ones with the blue flag here. Now, the rest of these, there's something off technically. So, it disqualifies them from getting that blue flag that I like to give the different stocks and ETFs. So, that I can quickly visually visualize and maybe jot down some of those stocks and consider those for my portfolio. So, by the way, the other thing I'll be doing later at the end of this video is sharing with you how you can become a blue cloud, either blue cloud trader member or legend member. So, you can get access to my portfolio and also watch some of the exclusive member-only videos that I produce. Okay. So, stick around for that at the end. Or forward through this part if you're bored right now and get to that, you know. It's going to be towards the end of this video. Anyway. But then you'll miss out on the rest of these. Now, the rest of these, like I said, these are all not looking particularly great except for OSCR, which I'll do also right before the end. Let's take a look at Amgen. Here it is in the weekly chart. Tenkinson is under the Kegensen. That's bearish. On AbbVie, the same thing. We had the faster moving average under this lower one. So, that's not perfection. We're still under this resistance level here, 244.81. Amgen, we're still under the 26th period. CBOE, global markets, we're under the moving averages. We're finding some support at the cloud. Remember I mentioned how we could potentially find support when we reach this level. Here's a daily chart. I mean, it's not pretty, though, on the daily. So, you want confluence and we don't have that. Okay. Let's take a look at the next one, which is CELH Celsius Holdings, Inc. It's in the beverages, soft drinks. And here it is under the cloud. Cloud, on the weekly chart, on the daily chart, it's also under the cloud. You know, it's been dropping quite a bit. So, I would hold off on this one. Obviously, it's been in a decline since, I mean, just on the daily chart alone, since it closed under the cloud right here, it's dropped over 40, almost 40%. Let's see what else we got. It's GE Healthcare Technologies, Inc., which was up 5.08%, but I wouldn't get too excited about this. It's still under the cloud, under the 200 day on the daily chart and on the weekly chart, too. It's got a lot of resistance here stuck in this consolidation area. I'd hold off. Home Depot is under the 200, under the 26, under the cloud. No, on Home Depot, that's the weekly chart. It was down 0.66% today. IGV on the weekly chart is under the 200. I'm sorry. It's under the Ichimoku cloud and the moving averages. Okay. And on the daily chart, pulling back here. No on IGV. That's the software index fund. Let's see what else. We got Microsoft under the cloud in the daily chart. No on that one. Cloudflare, Inc. Okay. It's above the cloud, but the faster moving averages under the slower one. So it doesn't look perfect here yet on the daily. Let's look at the weekly. On the weekly, it's under the nine period. So it's not there yet, but getting closer and closer. So we'll see if this one can, I would wait until Friday afternoon to see if it can get above the green line, which is the around 231.28 level. Nike. Let's look at Nike on the weekly chart. So, well, this looks like we've got a comment here. Oh, this is from last year, June 27th. We haven't, this is a really old message here. Brian Belsky backed on June 27th. Okay. 2025 or so. I mentioned that Nike, let's go back, June 27th. It was around this time. It was starting to look a little bit bullish here that week. This is the big week that they probably made that comment. You can see the week ending June 27th of 2025 started to show some bullishness. But I just want to, again, reiterate something really important. You might start seeing moves, right? Levels like that 52.28, all right, which became a support level here. And you might see price moving up. And it could be for two, three months or whatever. But as long as you got that resistance hovering about, and I'm talking about that cloud. It's like a dark cloud. You want to stay clear of this type of stock because it can continue its downtrend. Why put your money into something that, obviously, you're tying it up. Time is money. I'm sorry. I want to get in when it starts to break through. I'm a breakout trader. That's my strategy. And I'm looking for it to be breaking out in the weekly and daily. I want it to be bullish on both of those time frames. Very important because, as you can see, it did move up. And then from this high right here, if we measure, I can show you exactly where we're at right now. From that high right there of 79.88, it dropped another 46.9%, guys. And it still looks like it's going to continue dropping. And by the way, just take a look at this Ichimoku in the 200, how well it basically kept this stock in check, keeping it under the entire time. The last time on the weekly chart where price was above was back here, back on December 15th of 2023. But we were still right under that 200-day. So I would not have added a position here, obviously, because that resistance level of 200-day moving average was right there, sitting right there. No, right? So there was no, obviously, there was no reason to be getting into the stock anywhere, anywhere, before potentially maybe around here. And then we brief, you know, so I'm talking about back in 2021. So since 2021, okay, at least on the weekly chart, Nike has been a dog. It's been a dog, a dog chart, as they say. Right? Melania will tell you the same thing. She didn't like it either. She hates Nike. All right? Anyway. So, but notice going back in time, going back in time here, right? When price is above the cloud, good things happen. When the cloud gets, the price gets under the cloud, bad things happen. Very simple. Okay? I mean, over time, Nike's done quite well. But there are times when you should not be in. Go back to the 2008 financial crisis and want to see what Nike looked like back then. Look at this chart. So we can see here, it was around this candle right here. Price got under. It did make a quick little try to turn back up, but we were really close to resistance levels here. I would not have been adding positions here because of the proximity to the prior highs. But, you know, from this high at least, it dropped approximately 43% in just five and a half months during that 2008 drop. We had a, what's called a triple top. Okay? So let me just show you guys what I'm talking about. Here's top one. Okay? Top two. And top three. Top three. So it's called a triple top. And that is not positive. And I'll show you guys what that looks like. We've got ourselves a nice little cheat sheet. If you go to my X page, I'm under at Blue Cloud Trader. I post every day some stuff, you know. Click on, once you're here, at Blue Cloud Trader, click on Highlights. And then scroll down until you see, well, there's a cheat sheet for the candle patterns. But right below that, you'll see this stock pattern cheat sheet. I'm going to show you guys that triple top pattern right here. It's this box. So there's price moving up, coming to this level. Drops. Comes right back to that same level and drops again. Comes right back to that same level again and drops. Obviously, this is a strong resistance level. Once it breaks into the low, it's over. Bada bing, bada boom. Forget about it. It's going to continue dropping. That's exactly what happened here. When it got into these lows here, it dropped some more. It did recover eventually and then started moving back up again. But again, this is a time and a place to get into the stocks. Now, let's take a look at the next one, which happens to be now. Service now is the ticker symbol. Now is the ticker symbol for service now. Let's see this one, what it looks like today. It's under the cloud on the weekly, bearish territory, right? It all starts with lower highs, okay? You can see that right there. There's another lower high. There's another lower high. Lower lows, there's a low. There's another lower low, another lower low. And it's continuing to drop. So stay out of service now, even though it was up 3.16%. NVIDIA, okay, on the weekly chart, we're still above the cloud. That's a good thing for NVIDIA. It's down 4.15% today. Where is it currently? It's under the moving average here for like, it looks like for a month now, it's been under the Tenkinson on the weekly chart. On the daily chart, this is not good. It looks like it closed right under the cloud today, okay? And the ADX is moving up slightly here. NVIDIA is not looking pretty. I will say that. And here's another thing. I'm just kind of seeing it right on the chart here. I'm going to show you guys a pattern, a negative pattern. It's called an inverse, I'm sorry, it's called a regular head and shoulders pattern. Here's the head. That's the top, the move, okay? Here's a shoulder. Here's another shoulder. It doesn't have to necessarily be at the exact same level, but you want the prior level to be lower than the head, obviously. And then the next high to be lower than the head as well. So that's what creates the shoulders. All right. And then just think of the neckline. All right. When you run that trend line like this, price dropped here. So we have a head and shoulders pattern on NVIDIA on the daily chart. And it's not looking pretty, as you can see here. It dropped. Found a little bit of support here on the cloud, but the price dropped 4.15% today. Let's look at the weekly. Again, weekly chart has some potential to recover. But see how the ADX is also turning over here? That's not good. Momentum is coming out of NVIDIA. There's not as much interest in NVIDIA at this time. Oh, here's SPCX. That's the Space Exploration Technologies. Let's take a look at that. There's a weekly chart. It's only been out for a very short period of time. Here's a daily chart. We don't really have enough data to create the cloud itself, the Ichimoku indicator. So we need to switch it to a 30-minute in this case. Now we've got more data to work with. And here's the, you know, the opening was $150, as you know. It moved up quite a bit. It moved up to these levels. The high that it reached was 225.64 in a very short period of time. And then since that point, it's been declining. And what's been happening? A series of lower highs and lower lows. We are in a downward channel in SpaceX on the 30-minute. So until that is broken, I'd stay clear of SpaceX. And in fact, I would only day trade this particular stock. I wouldn't do anything else with it. At this point, maybe six months from now, I'll be looking at that again. Tesla is under the cloud. Here it is on the 30-minute chart. Here it is on the daily chart. Under the cloud again. Not looking good. And on the weekly chart, dropping inside the cloud for the second week now. Maybe third, actually fourth week inside the cloud. And under that 26 period. Take two, Interus Software on the weekly chart. Well, it looks like it wants to break above these levels here. It was up 1.28%. Here's the weekly chart. This is not a pretty looking chart quite yet. We still have a series of lower highs here. But we do have higher lows. So, or at least we have one higher low. We have a double bottom here. And then we have a higher low here. So what that means to me is like we're basically in a symmetrical triangle here with T-T-W-O. And I would hold off on this one. All right. That's the weekly. There's the daily chart. Looks like it's topping out up here. And we're far away from the moving averages. TWLO is pulled back. It's above the cloud under the moving averages. No on Twilio. Okay. Weekly chart. Under the Tenkinson for two weeks now. TLF on the weekly chart. Looks good. It's the financial sector ETF. I like this particular, the fact that we're holding up above the cloud here for three weeks now. This is the financials. The cloud itself is turning bullish. There's only one thing that I'd like to see in this ETF. And that's the Chico Span, which is in fact moving up. That's the white line there. It's still under the price 26 periods ago. So we don't have perfection on the weekly. If you look at the daily though, we do. Chico Span is above price. The faster moving average is above the slower one. Price is above all these moving averages. Okay. No resistance. No resistance. I mean, at least not from these moving averages. You're going to find some resistance up here around 56, 67 or so. That would be, or 56, 54, sorry. But that will be a target. And that's about 4.7% from where we currently are. XLK doesn't look pretty. Compared to the financials. Okay. There's financials. There's technology. We'll get a lower low. Lower, I'm sorry. Lower high here. What we have, again, is a symmetrical triangle pattern, I think. You know, that's forming here. Oh. Might have even broken through that level. As you can see. See that tight? How price was holding up above this level. And this was the first candle here where it dropped under. And it closed under the moving averages. And the red line turned negative. So, that's the daily. Here's the weekly chart. So, at least we have the weekly still looking bullish overall. It was priced above the tangents and key. But the daily is starting to show a lot of weakness. I would not be adding positions here. That's all that means, really. Let's take a look at OSCR. That's Oscar Health, Inc. Healthcare sector, healthcare plans. I like this one. Profit margins are negative 0.3. So, let's do a little digging on OSCR. I want to see what's going on with the profits of this company. We're going to go to Finviz Elite real quick. Let's go up here. Type in OSCR. I just want to get a little bit more insight on the fundamentals of this company. So, performance year to date, this is up 108.28%. And, okay. See, now on this chart here, we've got the Ichimoku again. It has a little bit more information. We can see that back here during this earnings and revenue report. This was going back to February 10th of 2026. There was a lot of negative stuff happening here. But the following earnings report, the one on May 6th, it came out, was more bullish. Right? We still had a negative surprise in revenue. But, you know what? Wall Street took it more positively, these earnings results. And price moved up. Let's take a look at, oh, look at this. A lot of analysts like Barclays, Wells Fargo, Wells Research, Jeffries, Raymond James. All of these have been giving it positive rate changes from equal weight to overweight, from underweight to equal weight. And they're saying price target is around $35, at least for Barclays. Let's keep going down. And let's find out a little bit more about what's making this all happen. And why did Apple, Oscar, Eli Lilly stocks hit 52-week highs today? Let's find out. That's from June 8th. Let's scroll down. After reaffirming its 2026 revenues forecast of $18.7 billion to $19 billion. It's as simple as that. There you go. There's your answer. This shows true interest after the company reaffirmed the revenue guidance. Let's see here. Hit a five-year high of $27.59 on Monday. Retail sentiment around the stock turned to extremely bullish from bullish territory the previous day. Okay. So let's look at the technicals now. We're going to start off with a weekly chart. And, yeah, I mean, it's just, it broke through some levels of resistance, obviously, here. You see this consolidation here? That box? It broke above it. That's a weekly chart. So the last three weeks, we were staying above that level. That's important. And then we're now coming back to $37. What is $37? Why is that important? It's the all-time highs from February 26th of 2021. Okay. Five years ago. That's where price had reached some highs, $37. And so how much more do we have? How much room do we have to get there? About an 18.5% potential run. So that's good. Is price kind of far away from the moving averages? Yes, it is. This is a weekly chart. How about on the daily? See, on the daily chart, it seems to be building a nice little base here. Or it has been for multiple days, for a couple of weeks now. And today, with this 4.8% move up, I like the candle that formed here. It's a bullish engulfing pattern. That's good. Higher volume today as well, than the prior day. Overall, I like it. That's all I've got to say. And that's going to do it. Oh, so guys, let's talk about the memberships now. If you're already a member, you can skip this part, obviously. And I thank all the people who have become members. But it's real easy to become a member to the channel. Because YouTube makes it all possible here. Before, people could only subscribe years ago. You could only hit the subscribe button and subscribe. And that was free. And that's great. And you can still do that. You can subscribe to this channel for free. Hit the notification bell. That way, you know when my videos pop up, you'll be able to find them much easier. But you may also want to go one step further and help support this channel by hitting the join button. So what happens when you do this? You hit the join button. There are three different tiers that I've created here. Blue Cloud Supporter, okay, for $4.99 a month, $4.99 a month. And under this level, you can actually request a stock or ETF to be analyzed, like the one I just analyzed. Pretty cheap, if you ask me. Blue Cloud Trader, the next level is $24.99 a month. Under this level, you can request up to two stocks or ETFs to be analyzed. In addition to that, you'll also get access to the exclusive member-only strategy videos that I produce that are only available to members. I do one each weekend. It's usually around an hour long. I shared my entire portfolio during this process. And I share the strongest stocks, strongest industries, strongest sectors that you should be considering for the upcoming week. So it's kind of a preparation for each week, all right? Think of it like that. But it's also very educational. We're going to try to incorporate some education in that as well, okay? Let's get back to this. So that's Blue Cloud Trader. But there are some of you that may want to get more data on a daily basis. Then you go to Blue Cloud Legend Level Member, which is still, I think, a very reasonable amount. $49.99 a month. Under this level, you can request up to three stocks or ETFs to be analyzed. In addition to that, you'll get access to those member-only videos that I just mentioned. You'll get access to some of the day trading videos that I've recorded so you can see my day trading strategy. And then also, and I'm more of a swing trader, but I did create some day trading videos just for fun, you know, so that people can see. And then also, this is the most important part under the Legend Level Membership, daily stock and ETF trade updates. So any trades that I place throughout the week, I'm sorry, throughout the day, are going to be posted and so that you'll get access to that. In addition to that, I also have a proprietary scanner that I am scanning over 6,000 stocks. And I'm using the criteria that I talk about on this channel to identify those strong stocks, okay? And then I share those results with Legend Level Members each and every day, Monday through Friday. So consider becoming a Legend Level Member if you want to check that out. Try it out for a month. Nothing to lose except for $49.99 a month, okay? $49.99, and that's it. All right, guys. Thanks for watching, especially if you're losing a lot of money in the markets and you're trying to figure out, okay, you need a strategy. You need something. You need, you need, education is extremely important. And most of the education out there is not that inexpensive as we all know, right? But I've been trading for over 20 years. Trying to share as much of my, the things that help and work for me with you folks. I help also teach a little bit about how you can hedge your account when the market starts to drop, okay? Like today, if it's necessary to hedge, I will share that, of course, with the Legend Level members as well. So, guys, I will catch you all. Thank you for supporting the channel in any case. And I will catch you all in the next one. [01:19:51] Speaker 4: The Ichimoku's guiding light. Blue cloud trading through the night. And I will catch you all in the next one. [01:20:23] Speaker ?: Bye. And I will catch you all in the next one. Bye. Bye. Bye. Bye.