Daily Review

Ajouté : 2026-05-13

[00:00:02]Welcome to my view of the stock market.

[00:00:05]Today is Tuesday, May 12th. You're looking at a daily chart of the NASDAQ, which fell 186 points to 0.71%.

[00:00:15]Um, you know, a lot of people search for reasons. Why is it going down? Is inflation too hot?

[00:00:23]Is Kevin Worst being confirmed? Is that the reason? Sometimes it's just, you know, you've made too much darn money and the market's going to take it back from you. So, some days you get the bear and some days the bear gets you. Today, the bear got me. But it's okay. You know, since this April 8th uh follow-through day, we've had, I believe, six subsequent follow-through days where the market goes up more than 1%. There you had two of them in a row uh with volume here. So, um, we just had last week on Wednesday, you know, 2% move and then on Friday another follow-through day. So, we've had a lot of them lately. So, um, you know, you're going to give some money back from time to time. That's the way it goes. So, if you make a million and then you lose 100,000, you're still up 900,000. So, not going to cry about it. But uh you know since we've had this rally here, this big strong rally, we had this digestion of about I don't know six or eight trading sessions and then boom on this day you know we rallied up um you know and that's kind of what I'm looking for here since this big day on Wednesday uh you know the high there was what uh 25 850 so maybe a little bit of digestion around that 25850 for I don't know a couple more sessions but I do expect it uh to be making uh new highs in the rally to continue and sometimes you know just letting off a little bit of steam here letting a little pressure off is healthy. Um, the rotation was into like financials and healthc care and oil and gas and stuff. I'm not interested and that's okay. You know, they took a little money from my stocks and dispersed it elsewhere. That's to be expected. But if you want to be in, you know, for the long term, you know, you can't cry about it when, you know, you lose a couple of bucks.

[00:02:13]So, anyway, NASDAQ looks fine. I should point out that it is still uh 11.8% 8% above the 50 here. So, we know at some point that 50 is going to catch up and it's going to get below six, but the market is just so darn strong right now.

[00:02:30]It's 2.2% above its 10 as well. So, 4.6 above this blue line, which is the 21.

[00:02:37]Still in a strong power trend. There's no um you know, there's no panic or anything. It's just, you know, a little bit of rotation out of your growth stocks, which are the NASDAQ stocks, and into, you know, the Dow stocks were actually up, you know, based on stuff like, you know, United Healthcare, uh, which just ramped 3% today. You know, I can't get excited about that.

[00:03:01]Some of the other um, uh, Dow names, Nvidia just eaked out a little gain there at the end. Apple was up a little bit. So, yeah, you know, I can't get excited about that. Like CocaCola, stuff like that. It's okay. You know, every dog has his day. I think Johnson and Johnson. Well, yeah. So, the Dow had a good day today and the NASDAQ didn't.

[00:03:25]So, um our growth stocks, well, since I started with this uh United Healthcare, Humanana in the healthc care group.

[00:03:35]Yeah, that looks good. That's a nice looking chart. I'm not going to buy it.

[00:03:38]But I mean, you got to be honest with yourself here after this selloff from earnings back in what, January. This thing's looking pretty darn good. Um, CO N, which is C N. Okay. Manage car. Nice breakout. Gez today. Okay, that looks good, too. Am I going to buy it? No. I'm just pointing it out. This is what was strong today. Just observing. This is my view. So, I'm not interested in any of this stuff. CVS. This is the one with the uh the long receipts, right? Yeah.

[00:04:10]Um so breaking out and that looks fantastic. I mean, if that was a SanDisk or Micron, I'd be saying yippi cay, but uh it's a CVSL, so I'm not buying it. Uh but you know, it's fine. Um like I said, just pointing out some strength in this healthc care group today. Very strong.

[00:04:30]Um, and uh, oh, Oscar, this is the one that everybody on Twitter loves. Oscar finally is looking pretty darn good here. Um, up nearly 8%. Uh, so anyway, just pointing that out. Okay, that's a health insurance name. And the I did mention the financials. JP Morgan, eh, a little bounce today. Goldman Sachs, this is beating up a little bit here though.

[00:04:54]Kind of weak. Goldman Sachs looks pretty good. That's a nice chart here. um just up a buck today, but I guess that's okay when the market's getting squashed. Um Charles Schwab up nearly 3%. And then Cityroup, I think the chart looks good.

[00:05:10]Well, yeah, that looks pretty good there. 125 trigger. And of course, the oil and gas, my favorite group. I just I don't know.

[00:05:19]as I got older, I just some groups I'm not even I don't even look at them anymore, but I I do um honor the strength and and just want to acknowledge it in the back of my head just in case I do want to buy um something that's going up, you know, and not uh sticking around too long in these tech stocks that have been ripping for a long time. Uh that is um Devon and then Matador kind of beaten up. Uh CVX, how did that one do today?

[00:05:49]Decided actually got a uh Cedral. Yeah, got a um upgrade this morning. Yeah, can't top 50. That was flat on the session. Anyway, healthc care, finances, oil, some of the um like I mentioned earlier, Coke, the staples were were pretty strong today. Coke actually, it's a decent looking chart. Proctor and Gamble, another Dow component. Man, that thing's been beaten down. Anyway, you know, those aren't our names. I got to go to what's real micron. Um yeah, this thing sold off. I was looking for it to fill this gap here. So I h you know the low um excuse me, the high on Friday was 747. So I said, "Oh, it'll probably just, you know, fill the gap and then rip higher." Nope. This thing pulled all the way down to 706. Man, if uh you had a five minute chart and just saw the lows there, started digging in at 706, man.

[00:06:48]Yeah. 60 bucks off the uh lows there today. 706 to 766. So, you know, Micron to me like uh down 28 bucks. Yeah, that sucks. It's three and a half%. Yeah, that sucks. But still in an uptrend, pulled back to its five. Found support.

[00:07:05]Closed at 79% of the daily range. That's not bad at all. That's like a pink rally.

[00:07:14]Sand is a little bit weaker than Micron.

[00:07:16]Actually, quite a bit weaker. This thing was down 180 bucks today. And you know, usually it gives you that $110 range recently. I mean, it was up $22 points on Friday. I figured coming into the week, it's going to give a 100 back of that. And it gave back more. Very generous of it. it get back um down to uh 1367 and once again popped uh I don't know 33 and 485 bucks off the lows closed um uh yeah it was down 180 closed at 95 so 185 bucks off the lows you know it pull back you know undercut the five probably went down to about the eight rallied back and close um you know just just a tick below the five would not surprise me to see find support there in rally. I'm not saying it's going up 200 points. You know, we got a opex on Friday, which is definitely going to mess with some of the calls and puts. You seeing it already, but um yeah, I think it can rally back, you know, like 1500 or so and then uh up until next week. uh you know it's kind of got a change of character you know since since that uh earnings rec that most recent earnings just bonkers and it just pulls back a day or two and that's about it back to the five just surfing the five now where before you could get pullbacks to the to the 10 or the 21 and I don't know if that's going to be the case anymore.

[00:08:45]We'll have to wait and see. Um, PE NG was this was the strength of this group today up. Uh, whoa, what's going on after hours? This thing's up 10% after hours.

[00:08:58]Um, anyway, oh, this one's super strong.

[00:09:02]Bounced off the five and now up. Gosh, I was going to buy this today, too. Uh, but I didn't. Anyway, you snooze, you lose. I got more on that later, too.

[00:09:10]I've been doing too much snoozing. STX and Western Digital they sold off like Micron and Sandis. This is at 3% 25 bucks. Western Digital down 5% $27.

[00:09:24]Um yeah, just a tough day. I mean it's just profit taking. These things are up so darn much. I mean Western Digital you know to start the year was what here about whatund 170 bucks and now it's 480. It's it's just been four months folks from January to May. So yeah, they're going to take some profits along the way. You should too. I always encourage that. Had a long conversation with a member about, you know, using the Sandis for income. You know, just take some as you go and just buy something nice for yourself. Um anyway, uh I'm going to move on. It was widpread selling across these fiber optics, Photonix, memory names. This is uh Lummentum down 60 bucks or 5.7%.

[00:10:11]Sienna doesn't seem to be as volatile as the other ones, but it was down almost 1%, four bucks. Yeah, not as volatile as all. Not like AOI, which is extremely volatile. This one was up over 200, closed at 188. Uh, so don't go chasing stuff like this. B I AV.

[00:10:33]Let it come to you. Like this one's coming to you. Kind of like that uh situation. Uh that's the um okay you know they changed the group so I'm just going to call them fiber optic. There's a lot of overlap between all these things semiconductors and uh the cables the fiber optics and the photonics and all of it is kind of you know coingled.

[00:10:57]So anyway, um, coherent, speaking of co, um, yeah, coherent is okay. Down one and a half%, not bad. Inside daytoday, pulled back to its 5day line. I think these things are still in an uptrend.

[00:11:10]They're going to go higher. If you had, you know, just um the discipline on day days like these when they're down, you just buy, come back a couple weeks later and you're going to be higher. That's just the way it's been working in this uptrend. Bicr another one Vicer somebody had told me that Jim Kramer had them on or they was featured in and kiss of death but all it did is come down to its 10day down 6 and a half% people give him a hard time. Um corning up um down 4% today it was below the 200 closed below it. Okay pulled back to the fiveday line. It's had a big run here from 148.

[00:11:53]We had on the ready list last week, I think around 165 or something and it just popped out and uh up above 200. So, like I said, you got to expect some profit taking along the way. Um, Bloom Energy, this is one that's just too wild for me. Uh, looks good though. I mean, you gap up, go sideways. You gap up, you go sideways. I mean, Bloom Energy looks fantastic. GEV bounced yesterday and just flat today. I mean flat as flat can get flat as a pancake uh down a buck um today and up 15 cents after hours. We'll have to watch that one. I kind of like this little uh wedge pattern. Uh what else we have? AMX. This is one of my spec plays in uh uh the energy group.

[00:12:39]Yeah, not a bad day today, man. Wait, six and a half%. Not bad. And the other one I was looking at is a fuel cell. I have two of these in my uh spec group.

[00:12:49]fuel cell looks fantastic. Up another 7% today. So, um not all of these stocks uh were succumbing to the uh the market selloff. Anyway, the index selloff. All right. The data uh center group STRL um you know, sold off not too bad. Wow.

[00:13:08]Came back a lot. This thing was down like 80 bucks. Finished down 16 88% of the daily range. That was definitely be considered a pink rally day for uh sterling infrastructure.

[00:13:20]Quant services, no crashes, barely budged, 15 bucks, less than 2%. Pulled back to the 10day line, no biggie. BRT, this is one that I do. Oh, I just, you know, got to admire the strength here.

[00:13:35]Did pull back to the five, found support, bounce 85% of the daily range.

[00:13:40]I mean that thing didn't even well it moved a lot but the um you could see between yesterday and today uh you know what is it less than a quarter percent moved Dell another one of these data center uh group plays yeah that one's selling off not sure why it's up a lot that's why that uh anyway they report earnings at the end of the month these guys have already reported earnings gapped up now holding you know this is this is what you want to see after a gap higher. Just holding the gains, allowing the moving averages to catch up. Looks fantastic. Um, I think that's it for that group. I'm going to move on to the semis. I mentioned the semis, they got hit hard in the morning, but bounced back. This is AMD just pulled back to its 5day then bounced.

[00:14:28]You know, these these closing at the, you know, 68 70% of the daily range.

[00:14:33]That's pretty uh strong support. Um, what else do we have? Intel, which has been just a monster. Government sponsored Intel. It was down 7%.

[00:14:48]Opportunity knocking. Looks like it undercut the five, maybe went down to the eight and closed a tick above the five there. Yeah, less than 1% above the five. Still looks pretty good. Couple more in the semiconductor group that I'm interested in. Pterodine undercut the 50, rallied back up, closed the gap here and now pulled back. I think this is um yeah, with this kind of growth numbers, I think that's going to be bought up.

[00:15:16]You just got to give it time, you know, buy the dips and on something like that.

[00:15:21]What else do I have? Oh, a couple of these uh yeah, that have been strong lately, sold off today. ARM, Qualcomm, these large liquid semiconductor names.

[00:15:32]You have sharp pull back to the five today. Watch for these bounces off these moving averages. This is what you look for on days like today.

[00:15:40]Uh ICR, this one's been super strong and it just pulled back to the five today.

[00:15:45]Really the 10 and closed at the five down 4%.

[00:15:50]Not bad. AER. This one looked a little sloppy earlier in the day, but all it did is pull back to the 10 and close at 41% of the daily range down 7 and a half%.

[00:16:03]UCT, there's a lot of semiconductors, folks. And applied materials reports Thursday. I think that'll impact some of these. Um, anyway, UCT pulling back to the 10 today. Not bad. What? Oh, Iram Iramm's not interested in pulling back.

[00:16:21]It doesn't care about the NASDAQ. This thing was up 10% uh during the session and another 9% for good measure after hours. Uh jeez.

[00:16:32]Yeah. Anyway, that's the way it goes, folks. I just been I've been missing stocks left and right, but it's okay because I'm doing well and I just can't complain. You just got to, you know, feel um grateful. an attitude of gratitude. That's all that you're able to be able to do this and make money and you know you can't kiss all the babies. I like Digital Ocean. I haven't bought it but you know like I say you can't kiss all the babies. This one was down 4% still you know holding around the five and on a gap up that's what you want to see just holding its gains. That one looks fantastic. Akam another one of these software names you know the rotation in the software. I know a lot of people get excited that you know these service now and it was a crowd strike but software still not doing that great crowd strike a little better up slightly today 3/4 of a percent pela networks uh same thing you know building the right side of the vase these things look fine uh app 111 it's you know yeah it's just so far below the moving average and you look at I GV the software group yeah down 1.38% to To me, it's just not my style, you know, to buy this some something that this this weak, you know, I've got to see a little more strength, but I'm not opposed to it. I just got to see more strength. And I like buying individual names in software and not um not the um exchange traded fund. Probably digital ocean would be my first selection in the um software group. All right. Another area that I've got to uh acknowledge some strength here in the silver and um gold group. This is a panam. This is a double bottom base here from $69.99.

[00:18:22]Call it 70 bucks down to 52. Rallied back up and then sold off to 45. There's your double bottom. And now it's kind of not a retest, but it came back close to the low 50 bucks and now it's rallied back up to 63. So PNM uh the silver group something to watch. AG is another one in the silver group. Yeah, this thing's building the right side of the base. And NEM, this is the largest of these gold stocks. Another double bottom base pattern here. 134 to 108 back to 131 down to 94. And I'd say just like that 120 is your trigger there. Here it's trading at 119 and change. Uh yeah, that looks pretty darn good. So, not going to um not going to discount this um group here. SSRM, super strong name. Gapped up uh recently, you know, up uh five days in a row. 3652 is the old high. That thing looks pretty good to me. So, yeah, I would be maybe I might be digging around in the um in the uh gold and silver patch and maybe even a little in the oil patch. We'll have to wait and see. All right. The drug names were strong. Well, I shouldn't say they were strong. You saw the um the medical managed care stocks at the top of the show. Humanana, United Health, Vertex had news is up on news and yeah, not bad right there. Um INSM, which was beast last year and has sold off. It went up to 212 and it's just completely sold off. Stage four decline, but up 12% today, showing a little bit of strength.

[00:20:02]Another chart that I like. I know some people don't like this stock. It's got a lot of short sellers, but um made a big move and allowing the moving averages to catch up. Building the right side of the base. Yeah, I like this one. I like the growth numbers. I don't like that it only has one drug, but um the chart looks good. All right, I'm going to move on to defense. I said there was defense today.

[00:20:25]Couple names looking okay. How looked good, you know, ramped up, holding its gains. uh allowing the five-day line to catch up. Fantastic. Uh Curtis Wright, not Curtis Blow, Curtis Wright. And if you know who Curtis Blow is, I'm impressed. Um this is uh yeah, just a defense name there. 73012 would be the trigger. Trading right there. So, finding support at the moving averages trading um yeah, kind of uh tight there.

[00:20:56]Um yeah, I kind of like CW a little bit.

[00:21:00]Not a lot, but a little bit. ATI, another one. Uh, looks pretty similar here. Trading tight close to the moving average. Another one that I like. If I want to put a defense name on there, maybe one of those will do. I got a couple reporting after hours today, too, that I got to get to. And actually, I think that's it. Thank you for watching at mcstockcharts.com. We never give up, except in honor of the great Steve Jobs.

[00:21:27]Uh, let me see. Uh one more thing that is yeah we do have a couple of um defense names reporting. Carmen not doing so great. Down 5% after hours on their report atro Old Astro down 4%. So no bueno for both of those two losers. Oklahoma not sure this one's going to move a lot.

[00:21:54]Down less than 1% after hours.

[00:21:58]Come on, we need some winners here, folks. Franco Nevada, come on. Another loser. Uh, IMM I don't expect much from this. They said a couple weeks ago that they were um applying an NDA for this summer for one of their drugs. I forget which one, but they're just building their catalog here. So, you know, this not an earnings uh this is not an earnings type of stock. And anyway, I'm an idiot because I put this stock on our ready list this morning and I was didn't acknowledge it that the reporting earnings. I just like the chart. So, sometimes you get lucky.

[00:22:36]It's up uh more than 7% after hours.

[00:22:38]They raise guidance. So, uh yeah, sometimes you get lucky. I didn't buy it and I hope I hope you guys didn't buy it without the knowledge that uh you know, sometimes I just fall in love with charts and I put them on there. I don't look close enough. That That's my bad.

[00:22:53]But anyway, it works out. Sometimes you get lucky. It's up 8%. After hours, I think that's it for after hours.

[00:23:00]Tomorrow morning, we're going to hear from the old Yandex Nebus Group. They had news this afternoon. Probably going to have a good report. I wouldn't be surprised to see that one pop a little bit. Another one of these software names. Can't get out of its own way in a stage four decline. Wix reports in the morning. DT phone home.

[00:23:21]Um, they report in the morning. Oh boy.

[00:23:23]Stage four decline. And then VSH, this is one of our photonic names. They're going to report in the morning. This thing is broken out and ripped higher.

[00:23:34]And yeah, sold off a little bit today, but uh we'll see what they have to say in the morning. I'm expecting MU and Sandis to rally tomorrow. Uh just because I think anybody that sold, you know, wanted a sale and wanted to get out, had their chance, especially in Sandis the last couple of days, you know, you had your chance to get out. I think buyers are going to step in here.

[00:23:55]We'll see tomorrow. You know, it gives you $100 day. So, it could give you $100 to the downside. It give you, you know, go back up to 1550 tomorrow. Um, you just don't know. But overall, you know, the trend is your friend. And this one's trending higher. You know what? Sand it's had this big move then had this high tide flag then rallied up and had this high tide flag and now it rallied up probably going to form another high tide flag. Maybe not. Maybe it's just going to have this uh climax top as we head into the summer. That would not surprise me at all. Um and I want to be along for the ride. That's all. Thank you for watching at mcstocktchart.com.

[00:24:36]We never give up. Have a great evening.