Then we see, then we see, then we see, okay?
That's what we know, that's what we know, that's what we know.
Let's get started.
Good morning, good morning, everybody. 4/24.
Stocks go up, stocks go down.
Do we rip the 4200?
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Let me tell you. The PCE pretty much doesn't really miss or doesn't beat. It's just right there. So Steve Weissman, who doesn't say a lot of good stuff, said something really good. He said the market got silly.
The PCE, the Fed wants the PCE going down at, say, 2.5. If it comes in at 2.7, it's only 0.2 away. And all of a sudden you're going to take away four rate hikes or rate cuts. It makes no sense. And then the guy from BLK 0.00%↑ said something very simple like what Sam said. He said, you're probably not going to see 2% in a long, long time. And that's true. And I'm pretty sure whoever's president is going to take Powell out of power once it comes back up if he doesn't change his mandate to over 2%. The world has changed. The world has changed. Let’s say you're going to be at 3% for the next 25 years, you're going to keep interest rates up? Why? They don't understand. Their interest rates UP are causing the problem.
And then we see, then we see, then we see.
Okay, SPY 0.00%↑ up 16. I actually think 5200, not 5100, 5200 is in play. You would need the PCE to come down a point. Alright? To be better by 0.1. If that's true, then we rocket. Okay. It's really interesting by Friday. Okay. So $SPX, you got 5100, 5121, 5152, 5191. Downside, 5000, and 4951.
Look, the market had every reason to collapse on Monday. Everything reversed, but it didn't. It came back up. That tells you something. And then we loaded. And then we see, then we see.
AVGO 0.00%↑ ,1292, 1321, 1352, underneath 1210.
NVDA 0.00%↑ , 844, 872, 881, 892, 899, 916, 932, boom.
LRCX 0.00%↑ , 932, 972, earning tomorrow.
ASML 0.00%↑ , a little bit better. Remember, SAMS, 4 to 6 weeks avoid. It was at 931, so it's still under 931. It's right there. It's okay. It goes up. It could trade around 931. But I love this thing into next quarter at some point.
CAT 0.00%↑ . If you like it, do the upside 372. If you like it, do the downside 340.
SNOW 0.00%↑ . If you like it, the earnings are way out there. The end of May. I mean, this is, like, stupid. It just doesn't make any sense. Way out there, end of May. But if you like it, 180s at $2. It's probably $10. But $2 would be reasonable.
LLY 0.00%↑ can't get through 794.
BIIB 0.00%↑ , did a little bit better today. It's up 10. They're not really moving.
NFLX 0.00%↑ , 4 to 6 weeks avoid. This was at 594 after earnings. So it's up there. These all work, guys. Keep an eye on it. Okay? The 4 to 6 weeks thing is real.
DJT 0.00%↑ , 29, 21 is worth $0.05.
ARM 0.00%↑ , 106, 109, 116.
GS 0.00%↑ , lower. Interesting. It's a new high. Lower. 426, 431.
Bitcoin, Hong Kong ETF starts trading on the 30th. Did they accelerate it into that? Very interesting. Keep an eye on that.
COIN 0.00%↑ , 266 beast.
META 0.00%↑ , earnings today, 552 if it's good, 571. The comment we want out of them is they're buying more things than Llama.
SMCI 0.00%↑ , 813, 814, 852. 882 is an accelerator.
NOW 0.00%↑ , earnings today, 791.
MSFT 0.00%↑ , is no man's land, 409, 391. Earnings tomorrow,
TSLA 0.00%↑ , 162, 169, 171. And if it goes negative, they may bring it back up. Keep an eye on it.
And that's what we know. That's what we know. Lam research is today. Okay. Have to double check. Okay. Comments questions?
That's what we know. Everybody have a great day. See you in chat.
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Daily Plan 04.24.24