After beating EPS, and an exceptional earnings call.
$WM is showing lots of strength while the market was bleeding, hovering below all time highs, and keeping the range.
Above $212+ we can easily see $214
Below 205.70 we can see $198 and then potentially the gap fill
$SPY…
We're watching an Israeli genocide of Gaza.
1⃣ Killed 1500 Palestinians, 450 children, 248 women (and counting)
2⃣ Cut off food, water, electricity to Gaza. Without electricity, phones aren't charged, Palestinians can't record, & Israel can commit genocide in peace.
3⃣ Demands…
Winners & losers from last nights Trump CNN town hall:
1. CNN won
Purely from a business standpoint, CNN crushed it last night. They got tens of millions of eye balls.
Especially 2 weeks after their direct competitor had a terrible week.
Sometimes they forget they’re in…
$SPY mentioned the 4140 area as hard resistance yesterday as we were squeezing into close.
Swung 5/11 412p! 180%+
$SPY $SPX $QQQ $GOOGL $AMZN $AAPL $TSLA $NVDA $AMD $META $SHOP $MSFT $NFLX $FUBO $GME $AMC
It’s easier to talk about something than to actually do it. What they say is important but watch what they do because that’s more important. At the end of the day, the answer is in how they treat you. Not what they say. Talk is effortless when words spoken have little value.
@michaeljburry This has been the most wrong Fed of all time.
They Fed has been so wrong that futures don’t even price in what they say anymore.
Confidence in the Fed and the banking system is gone, this will be interesting.
Follow us @KobeissiLetter for real time analysis as this develops.
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