Traders responded favorably to new numbers surrounding the chip manufacturers and while it didn’t push higher today it definitely stopped the bleeding. Hard to believe money is still pouring into those stocks in the face of rogue AI agents and questions about supporting titanic debt, but the markets will keep selling what people are buying.

Joe Duffy made a great case about why this market is so unique and what to expect as it rolls on. (you can check it out here) But we still need to find trades that produce income in spite of all of the churn.

Here’s how we are managing the trades we have been watching.

We took a trip to the barbershop on our USO trade and got a nice haircut. If you cut that trade short and stuck to your rules, you did well. If you didn’t, the next question you want to ask is would you take that trade today. It is at a previous support level around 143 and the RSI is at 50. That makes it a tough call. Tomorrow’s open should help make the choice.

The WMT call dipped today but fought back to close at its own previous support. Bottom line, be ready to act tomorrow morning.

Keep learning and trade wisely.

John Boyer

Editor

Market Wealth Daily