Okay, let's get started.
Good morning, good morning, everybody. It's 5/24.
Stocks go Up, Stocks go Down.
Durable goods. Let's see what's happening here. Anything big for the market? Nothing really happening. SPY 0.00%↑ / $SPX Up 12. Way lower. You got 5300 on $SPX, 5309, 5332. Underneath 5252 would be bad.
AVGO 0.00%↑ 1435. Here's something on Broadcom that's interesting. The thing is, if you become a great trader like Sam—now, I'm just saying Sam has his family, but just like Sam, get right to the stuff. AVGO hits higher yearly highs. It lifts, but it doesn't go up a lot. It goes deeper by $10 or $20. The following week, it goes lower. It can't even get back to the old high. It's done it like three times now. The following week, every time AVGO hits a higher year, the week after it doesn't get through. Kind of interesting, right? These are things you have to write down and remember, and then it helps you over the next week.
NVDA 0.00%↑ 1063, 1066 Accelerator.
ASML 0.00%↑ is a beneficiary of NVIDIA. Okay? Just understand that. 962, 971.
Lam Research LRCX 0.00%↑ can't seem to get over 990.
BKNG 0.00%↑ 3831. Could not hold it.
PANW 0.00%↑ going up for no reason. Makes no sense.
AMD 0.00%↑ 168, 171.
ENPH 0.00%↑ 124, 126. That's a friend who has solar panels. $TSLA solar panels. He had a Tesla tech out there because he had an issue with one of the solar panels, and they're outside in front of his house, just throwing a ball around and everything else. They're like, "Oh, we have to build this job in X amount of hours because Tesla doesn't pay us enough." You can't make this stuff up, guys. You can't make this stuff up. So the guys are at a job, and they're going to screw around for three hours, then work for two hours, and then bail for five. Isn't it interesting? But go look at house building, and go look at people restoring bathrooms, doing all this stuff, and putting in granite. It's like this every day. This is the world we live in. Okay? It is what it is, and that's what's happening.
CVNA 0.00%↑ breaking lowest. Need to get through 123. Wait, wait, wait.
ARM 0.00%↑ can't get through 118.
SNOW 0.00%↑ 131 down.
$NASDAQ, how about NDX? Up 250. Would have been a great play there, and then down 200. Would have been a great play both times.
SMCI 0.00%↑ needs 966. How about it gets to 970 and then drops to 120?
DELL 0.00%↑ 162, 166 earnings next week.
NOW 0.00%↑ starting to head back lower. Workday WDAY 0.00%↑ is lower. That's why. 761, 791.
MSFT 0.00%↑ can't get through 432.
TSLA 0.00%↑ 176 up, 169 down.
META 0.00%↑ , still in no man's land, four to six weeks of work.
That's what we know. That's what we know.
Comments, questions?
Don't worry, Tesla is far ahead in self-driving. Absolutely. That's all we know. That's all we know. Everybody have a great day. Take care. See you in chat.
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Daily Plan 05.24.24