Hey Traders, Every Monday, my team and I gather for the Ticker Highlight Show – where we share our favorite and least favorite stocks of the week and give away a FREE, simple directional trade based on one of them. It’s time for me to give my weekly market analysis – and the stocks I’m loving and hating. The S&P 500 had another great week last week touching several new all time highs before having a soft Friday:  In the time since we bottomed in April the S&P 500 is now up over 1000 points – a 20% run from the bottom in about 2 months. That is wicked fast (for my Boston friends). The Invesco QQQ Trust (Ticker: QQQ) is actually stronger than the S&P 500. The laggard is still the Russell 2000 Index (Ticker: RUT). The QQQ despite the April mess is up almost 10% The RUT? Only 2%  If rates are going to start dropping and energy is going to stay stronger than it was the first half of the year … then the Russell 2000 is going to fly in the second half of the year. I look at Friday’s selling as a chance to go long and get involved in the iShares Russell 2000 ETF (Ticker: IWM) or even the levered RUT: the Direxion Daily Small Cap Bull 3x Shares (Ticker: TNA). Likely to underperform – and I know we talked about this last week – I really don’t like the way Apple Inc (Ticker: AAPL) is positioned right now…they are slow and late when it comes to AI… In the tech space you innovate or you expire – AAPL might be starting the process of expiring. If you wanted to consider it a utility buy hold, reinvest the dividends – that’s one thing. But the idea that the growth that Apple has had over the last two years in stock price terms is going to continue to silliness in my opinion. I like long the market, notably IWM or TNA and hedging the downside with puts in the fruit company. Be sure to join us for our Ticker Highlight Show on Tuesday at 10 a.m. ET! See you then, |