DAILY NOTE 1/19/2024

                                                                                                                               Right or Right Out!

After the close 1/18/2024

                                                                               Market Insights Newsletter - Special Daily Edition

For Trading January 19^TH

UNEMPLOYMENT CLAIMS AND HOUSING STARTS COME IN STRONG !!

                                                                                        RATES AND DOLLAR RISE

STOCKS REVERSE TO THE UPSIDE !!!

The NASDAQ and the S&P-500 were both up in early trading but by the clothes all markets were higher! The DJ Transports led the way closing +258.27 (1.70%) while the NASDAQ was a close second +200.03 (1.35%) and the S&P-500 was higher by 41.37 (.88%), the Russell +10.49 (.55%) and the DJIA +201.94 (.54%). It was a bit of a surprise since the early morning economic numbers were hotter than expected and rates rose. At the end of the day, the 2-yr. was down 2 bps, but the 10-yr. finished +4bps, having moved from Friday’s close of 3.96% to close today 4.14%.

AAPL was a feature, being upgraded to buy at B of A and finishing $188.03 +5.36 (2.9%) and BA recovered a bit to $211.70 +8.64 (4.25%), and the semis got some help from two big names. TSMI reported early and was up to $113.03 +10.08 (9.8%) and after the close we got SMCI which had closed $311.44 -6.79 and after the numbers hit ran to $338.50 +20.27 (6.4%). On the downside two notables were DFS, which reported yesterday, fell to $101.14 -8.52 and continued to slide to $97.00 -11.74 (10.8%) and IRBT, subject of a deal with AMZN that there was talk about not happening last week and this afternoon the EU said they will move to block! Prior to the deal the stock was trading $44 and the deal was all cash @ $61.00. After today’s announcement it is trading $14.05 -13.49 (49%).

Our “open forum” on Discord, which allows you to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 3000 members.

Tonight’s closing comment video: https://youtu.be/FJdzH0VKS_I

SECTORS: My sectors wereMOSTLY HIGHERtoday with the FOOD SUPPLY CHAIN, POT AND ENERGY sectors showing a loss!

WORK FROM ANYWHERE:WASHIGHERWITH ETF, WFH $54.06 +.47 (.87%)

Biggest gainer: TDOC +2.11% Biggest Loser: ZM -1.40%

INFRASTRUCTURE:wasHIGHERwithETF, PAVE $33.63 +.43 (1.30%).

Biggest Gainer: MLM +2.01% Biggest Loser: TPC -3.00%

AIR & CRUISE LINES:wereHIGHERwithETF, JETS $18.25 + .69 (3.93%)

Biggest gainer: JBLU +8.22% Biggest Loser: NONE

FOOD SUPPLY CHAIN:wasLOWERwith ETF, PBJ $45.37 -.03 (.07%)

Biggest Gainer: UNFI +2.27% Biggest Loser: UNFI -2.29%

BIO-PHARMA:wasHIGHERwith ETF, IBB $135.00 -.93 (.68%)

Biggest Gainer: GILD +.72% Biggest Loser: KHC -1.98%

CANNABIS:wasLOWERwith ETF, MJ $3.30 -.16 (4.62%)

Biggest Gainer: NONE Biggest Loser: ACB -7.14%

DEFENSE:wasHIGHERwith ETF, ITA $121.21 +1.89 (1.58%)

Biggest Gainer: BA +4.38% Biggest Loser: NONE

RETAIL: wasHIGHERwith ETF XRT $68.39 + .17 (.25%)

Biggest Gainer: LULU +2.03% Biggest Loser: GPS -4.69%

FINANCIALS:WEREHIGHERwith ETF, XLF $37.33 + .06 (.16%)

Biggest Gainer: AIG + .73% Biggest Loser: SOFI -1.46%

1368. & FAANGwereHIGHERwith ETF XLK $195.66 +3.89 (2.03%)

BIGGEST GAINER: BA +4.40% BIGGEST LOSER: TSLA -2.11%

A.I :stockswereHIGHERwith the ETF: BOTZ $28.80 + .66 (2.35%)

BIGGEST GAINER: BFRG +25.08% BIGGEST LOSER: BBAI -5.06%

METALS:wereHIGHERwith the ETF: XME $56.22 + .62 (1.12%)

BIGGEST GAINER: IMPUY + 2.71% BIGGEST LOSER: CLF -1.11%

ENERGY: $73.95 + 1.47 We had solid rally early todaythat took us as high as 73.64 before we turned down and closed near the lows, making it look like we’re headed for yet another test of support! The stocks however in the XLE showed gains finishing $79.91 -.13 (.16%).

NAT GAS: $2.41 -.09The cold weather finally caught up to the extremely tight supply / demand of the Nat Gas market. Falling temperatures across the U.S. and Europe have sent prices sharply higher. From the sound of the reports I’m hearing, it seems that things may stay this way for a while, and some of the low readings in mid-America are new all-time lows! This is a roll from February to the March contract.

BITCOIN: $40,880 -1,930Last week’saction showed that Crypto is managing to overcome the questionable player in the field along with more mainstream adoption and participation and possible regulation to remove the Wild West history of this market. I look for it to go higher from here over the intermediate and long term! GBTC finished the day at $36.29 -1.65 and our open position in ETHE finished at $19.25 -1.21.

Tomorrow is another day.

CAM

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