The Chicken Man.
If you missed the Sunday video (it was free) I laid out the Top 3 ideas from The Momentum Monitor.
They all have printed dramatically so far - SMCI 0.00%↑ was one of them.
A lot of money was made - usually by just putting a position on and letting the market do its thing which it will into Friday with more selling.
While most of you degenerates are doing your back-testing and worrying about “r multiples” to trade more ODTE options only to lose, win, lose, win (and repeat this cycle), there have been a lot of names that have quietly made there moves higher since the end of June economic data.
And to be clear, that was the cover/inflection the Fed needed to cut interest rates but the past week the bloggers and cosplaying traders have JUST started talking about rate cuts and what it means for stocks.
This was from the article of the week end of June on TheLongVol.com/articles section.
I’ve covered a few in The LongVol Report and kept some private for clients.
TSN 0.00%↑ - Tyson foods is up +16% since June and should continue to progress as we head into the end of the year. I discussed this in the report at length the past few months but to recap the bullet points: Top line results the rest of the year should be flat but management is doing a good job to increase margins and the rate cut will help this name (already has) to breathe a bit better in the economy. Free cash flow as terrible in 2023, fixed in 2024 and is expected to +20% in 2025.
You also just had ANOTHER 52 week break out. - But many of the NPCs are here discussing NVDA 0.00%↑ earnings as if anyone gives a shit.
WPM 0.00%↑ - I introduced this to readers of the report in issue 25 and even share in a post on YouTube about it. The stock is up +20% the last month. They just had a great earnings, increasing dividends and share buybacks are on the rise. If you still have not connected the dots: inflation is not coming down and when they cut here in September you may see a downtick but it’s back on. They sold their Hecla mining shares for $177 million which helps the cause as well.
NEM 0.00%↑ has also been on fire up +18% in August alone. Again, I expect this to trade higher into the fall but the time for buying it was 2 months ago.
The market needs to continue to sell-off into next week. Then, once the weak hands are shaken out we can begin to rally into the Fed meeting in September.
This was part of the notes from the Sunday report regarding the broad market & Nasdaq.
The article of the week is out tomorrow.
Dan
📈 Running a portfolio? Use our LongVol Report and AST Swing Portfolio
🖥️ Trading with less than $30K or part-time? Check out Active Trader
The LongVol Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
The LongVol Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.