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IBM

 

Today's trade is in a name that has been strong off the April 7th lows. But when we zoom out, it's only just beginning to breakout.

Even better, we can keep the trade simple and have a chance at a 6x return if we get it right.

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๐Ÿ“Š Daily ETF Overview

 

As you can see from the steady band of green near the top of our rankings, there hasn't been much rotation across the industry group universe.

The same groups continue to lead โ€” precious metal...

ETF Power Rankings

Stocks gave some back this week, but when I look beneath the surface, I really like what I see from market internals.

Quantum stocks are red hot again. 

...
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The Strazza Letter
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Peloton

Huge week for consumer news. Target and Deckers tanked, Urban Outfitters soared and Williams-Sonoma managed to get out of a tricky earnings report more or less unscathed.

But one of the bigger stories, and biggest moves, happened in a name from...

Macke's Retail Roundup
Macke's Retail Roundup+
$PTON

From the desk of Steve Strazza @Sstrazza

Our International Hall of Famers list is composed of the 100 largest US-listed international stocks, or ADRs.

We've also sprinkled in some of the largest ADRs...

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Deckers closed out an eventful week by offering frankly terrifying guidance for the current quarter and refusing to even speculate as to how much worse things could get from here.

The makers of Hoka and Uggs said demand for the former has...

Macke's Retail Roundup
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The banking sector in Canada is vastly different than the U.S. For one thing, there are far fewer of them! And there's really only a handful that matter.

One of those that matters is currently doing something that matters -- it's breaking out to...

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In todayโ€™s Daily Digest, weโ€™ll review the following:

  1. New position in IBB.
  2. No adjustments since the last report.
  3. No exits since the last report.
  4. Current status of open...
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Below is my weekly video for members of Macke's Retail Roundup.

We're still in the heart of retail earnings season. This week we heard from names like TGT, TJX, and WSM. Next week we've got DKS, COST, M, BBY, DKS,...

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While most retail names grapple with slowing demand and shrinking margins, Ralph Lauren $RL just keeps executing.

The company delivered another double beat this quarter, marking its 9th positive reaction in the last 11 earnings reports. ...

The Beat Report

X is, once again, approaching resistance.  This base has been building for almost 15 years, so when it does finally go, it should give a nice long.  I've outlined the 'potential' waves that should form based on measured move and targets....

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๐Ÿ“Š Daily ETF Overview

 

Last week, we highlighted the short-term breakout in crypto stocks.

As money has rotated back into U.S. markets and growth names, crypto-related equities have been clear beneficiaries โ€” just look...

ETF Power Rankings

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Replays of all our past episodes are always available in the episode archives.