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SPY 0.00%↑ / SPX down 12, you're at $5252. Then you got $5231, $5209 if the world collapses, and $5300 back if we rip up.
PCE tomorrow. If PCE is low, we are gonna fly to $5350. If PCE is way high, we're gonna go to $5200.
AVGO 0.00%↑ 1436
NVDA 0.00%↑ 1166,
ASML 0.00%↑ 991 up, 927 down.
Lam Research, you know that's LRCX 0.00%↑ , 982 up.
CRM 0.00%↑ 226, 217 will crush it, 241 up.
LULU 0.00%↑ , why is Lululemon up? Oh, because Abercrombie ANF 0.00%↑ said good stuff. Another one, Lulu, that just non-stop raises prices. They're gonna get whacked.
GME 0.00%↑ can't get out of its own way, hit 26 and drop 6. It's not the same stock. That guy Roaring Kitty doesn't even tweet anymore. It's like he doesn't exist. Interesting.
BKNG 0.00%↑ , everybody's traveling and it goes lower, isn't that interesting? Booking.com, think about it.
AAL 0.00%↑ American says things are bad, Delta DAL 0.00%↑ and United UAL 0.00%↑ says things are good. So two companies say they're good, one says they're bad, and BKNG drops 60. Isn't that interesting? That's the market we live in.
AMD 0.00%↑ 176 accelerator,
FSLR 0.00%↑ 288, 301.
ENPH 0.00%↑ has to get to 131.
ARM 0.00%↑ , release some new chip design. Release some new chip design. This thing, if it gets lags, got 125 to 132.
MSTR 0.00%↑ , Bitcoin, if it can get over 70,000, this thing can fly. Actually, like the 1700 that opened at about 15, very high. Just wait, wait, wait.
COIN 0.00%↑ , trying to get going. 244, 266.
SMCI 0.00%↑ , it's ready for a 100-point day. I don't know when it happens. Maybe it doesn't happen this week. Maybe it happens next week. Maybe it happens in two weeks, but it's winding up. That's where we bought from for next week. And then we see, then we see, then we see, 901, 966.
DELL 0.00%↑ was at 184. If it takes out 184, it's going to fly.
HPQ 0.00%↑ is actually moving. 36, am I right? 36, I think so. $HPQ is in my mind, yep, 36.
NOW 0.00%↑ , crater, crater, crater. It's not the same company as CRM 0.00%↑ . They think it is, it's not. But now you have Workday WDAY 0.00%↑ and Salesforce, two companies bad. They're going to penalize this one, 691. If this gets down to about 650, we're going to buy stock. We don't buy much stock, but we're going to buy stock at 650. And take it back up to 800. And then we see, then we see, then we see.
MSFT 0.00%↑ Microsoft doesn't report copilot numbers. And they're, why? They're co-pilot numbers, why? Because we know they're not good. And if they say we don't have great numbers, they're going to crush the stock. But here's the thing with $MSFT. They can move billings around. When people bill and pay for five years, you can move your bill dates around. Understand that.
TSLA 0.00%↑ . Up a little bit, trying to go 181, 188, 180, 169.
That's what we know, that's what we know. I hope you enjoyed the rant today. Very, very interesting. Everybody, have a great trading day. See you in chat.
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SMARTERTRADING411 Morning Call - 05.30.2024