3 time U.S Investing Champion 1985,86,87, Portfolio Mgr New USA Growth Fund 1993-98, Wm O'Neil & Co. 1982-98, Ryan Cap Hedge Fund Mgr 1998-2014 ideas ≠ advice
Malibu, CA
Joined February 2009
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Joachim, Innovators, who just sold all its ETFs except FFTY to Goldman, completely changed how the FFTY stocks were selected and weighted. It destroyed performance and didn't accurately reflect how growth stocks actually perform. The new owners are revamping the selection criteria and weighting. Look for the new FFTY to be announced soon.
QQQ has broken through its trend line if you draw it from 7/10/24 to 10/29/25, and is starting to reverse. Combine that with insane upside moves and speculation, tell me the market has gotten ahead of itself. So I would advise caution and reduce exposure. At a minimum, the uptrend needs a pause to rebuild bases.
Haven't tweeted in a long time, but you can catch my commentary on IBD Live every Tuesday. get.investors.com/ibd-live/
You can also attend a talk I am giving for AAII tomorrow at 9:00 am in Los Angeles, either live or online. Below is the link to that event.
An area of the market that is starting a move is in mid-cap weighted stocks. The way I would take advantage of this is by buying the XMMO. That is the Invesco S&P Mid Cap Momentum ETF. Its RS line is breaking into a 8 month high.
If heavyweights in boxing have a belt when they are champions. Why can't U.S. Investing Champions have a belt? @NormZada Mark Minervini has one, I have one. Maybe this belt could inspire you to better trading.
dailybelts.com
David Ryan retweeted
My good friend Thomas Ryan @tryan310 (yes, David Ryan's son) started a new belt company with some friends. He was kind enough to send me a belt customized with my company logo (Minervini Private Access) on it. Included was a note that read "this gives private access a whole new meaning." 😮 Lol! Check it out; maybe you can become a customer and help these young men kick start this new venture.
dailybelts.com/
Just recorded an Investor's Business Daily podcast with Justin Nielsen that you can access from this link. investors.com/ibd-videos/vid… I cover the general market and the weakness developing in the "FANG" stocks. I also suggest groups that are just emerging.
Cracks developing in technology stocks. Combine that with many extended in price, calls for profit taking in that area. There is a rotation into more conservative areas like medical, energy and infrastructure. It is also an environment to buy pullbacks and not highs.
If you are holding too many technology stocks, consider names in other groups: AGI, NVO, GNRC, KKR and GE.
SMCI has all the signs of a climatic top: Yesterday the largest price move on biggest volume, three gaps in a row. Last to occur, should be a higher opening closing lower. This could mark a top in this sector.
The QQQ reversal yesterday and the continuation today is telling that the best of the rally is over. Time to take profits and reduce your invested position.
Weak rally so far, but up 3 days in a row is a positive. If volume doesn’t pick up and rally stalls then look for the downtrend to continue.
My son Sean and I will be on the Blue Sky6 Investing Event this Sat. Here is the link us06web.zoom.us/webinar/regi…
Markets are very over sold and has hit at least a short term bottom. If your time frame is short enough, you can trade this market. I still believe the QQQ’s will not see new highs this year, as I mentioned late August.
The QQQ has seen it’s high for the year on 7/19/23. NVDA’s earnings mark the final move in tech. Raise cash and get defensive.
How will this rally end, which I missed, but was going through the loss of my own dad at 99 and Bill O’Neil three weeks before? It should end with 2 to 3 week climatic moves of 30%, which might be starting now, in the key tech stocks that have led: META and NVDA.
SPY failed to surpass the 2/2/23 high and is now rolling over. Look for another move back to the lower end of this trading range that has existed since June 2022. QQQ has been the stronger index, but that also, could drop 10-15% from here.
The market has settled down now two weeks after the SVB collapse. Look for the market to rally, but the SPY must first get above 400 and its downtrend line. This should be treated as another rally in this on going trading range. Top of the range should be 420 to 430.