I will be out a couple of days in the middle/end of next week. HOWEVER, even though I will not be publishing my daily piece in the second half of next week, I will be publishing my weekend piece next weekend……..That said, since next weekend is a long weekend, I probably won’t be sending it out until that Sunday evening or Monday morning (Labor Day)…………Thank you and enjoy the last week of summer!!!
Table of Contents:
1) Fed Chairman Warsh just told us that the “Fed put” is going to be further out-of-the-money going forward.
2) The chip stocks continue to pursue the same path they followed in 2000…when the last tech bubble burst.
3) The hyperscalers are acting better…and they now stand at a key technical juncture.
4) The Transportation stocks (especially truckers/airlines) are suddenly rolling over in a material way.
5) Index charts: The stock market’s momentum is weakening ahead of the seasonally rough time for the markets.
6) Energy stocks remain well position for further gains.
7) Gold, silver, and Bitcoin maintain constructive long-term trends.
8) The industrial stocks are becoming more vulnerable as their technical momentum fades.
9) Potpourri….The housing stocks stand at a key juncture.
10) Summary of our current stance….The developments of the past two weeks point to increased volatility.
