Our longs in $TSLA $AVGO $NVDA and other positions have saved us this week. Check out this weekly performance for our longer-term, longs-only "Wealth Building Portfolio." Only in the LIVE TRADING ROOM.

Dr. Stoxx MarketSurge Investors.com That was a nice catch. I didn't get in on it because of the low volume, and the current state of the market has me a little buggy. Congrats to everyone that caught this.

Three Reasons To Watch This Boeing Supplier — And One Point Of Caution investors.com/research/break…

$QQQ $NDX: REJECTED AT THE 50SMA ON OB HISTOGRAM AND WITH THE GREEN INTERMEDIATE CYCLE ROLLING OVER (IT'S BEEN FOLLOWING THAT CYCLE FOR MONTHS NOW, TO THE DOT).

$TLT 5M

$UVXY 5M. STILL ON TREND.

Fed's waited too long to cut! Now they may wait longer 🤦‍♂️ Meanwhile, markets are fully pricing in 4 rate cuts in 2025 ... but that also implies Fed steps in late to rescue a collapsing labor market. Not quite the type of rate cuts we wanted! cc Neil Dutta RenMac: Renaissance Macro Research

$AXON IS THE #1 STOCK ON THE @InvestorsBusinessDaily TOP 50 LIST. NICE CHART NEARING BREAKOUT. #IBDPARTNER Found using MarketSurge

$LRN tagged new all-time highs today - online education for K-12 students and adults. Education stocks tend to outperform during recessions. @MarketSurge #IBDpartner bit.ly/431EbVK

$SPOT getting some love today after missing the ER yesterday.

$GDX: shiny metal miners are printing a Perfect Pullback setup off the rising 50sma with gold holding steady. Oil falling and recession on tap makes this play timely. Disclaimer: we're long $GDXU in the LIVE ROOM and $GDX calls in the OPTIONS ROOM. #IBDPartner Found using

When is the Market Going to Rollover Again? In this talk, Dr Carr -- aka "Dr. Stoxx" of DrStoxx.com -- goes over this week's economic data, index charts, and key charts of leading stocks. He gives his view on the next leg of the market. Stocks discussed: $SPY $QQQ

$UVXY: FALLING WEDGE ON 5M. A BREAKOUT HERE WOULD SIGNAL MORE WEAKNESS INTO THE CLOSE.

$ARKK Cathie's latest letter. An interesting read: ark-invest.com/articles/marke…

The S&P 500's cumulative advance/decline line made a new all-time high:

The last time this happened, the market then fell 19% before bottoming out.

GAP AND CRAP ON TAP. $SPY $QQQ

BRAVOS OUT WITH NEW RESEARCH SHOWING THAT THE CURRENT RALLY CAN'T BE TRUST UNTIL THE HOUSING SECTOR STARTS TO IMPROVE. WE SAW THE SAME DISCONNECT IN MARCH 2022 WITH STOCKS BOUNCING BUT HOUSING FALLING. THEN THE MARKET TANKED 20%. $SPX $XHB

Today's tape so far: $spy $qqq

$SPY: HAS RECLAIMED THE 50SMA. 200SMA LOOKS LIKE THE NEXT TARGET. #IBDPARTNER From the LeaderBoard Service: Investors.com