Justin Spittler
@JSpitTrades
Chief Trader @Hedge_Your_Risk
Click link to get my best trade idea every week...
1.9K Following 35.4K Followers
The Financial Times just be saying shit lmao
BREAKING: Chipotle stock, $CMG, falls after Starbucks says that it is not buying the company.
On October 8th, the Financial Times reported that Starbucks "explored talks" about acquiring Chipotle.
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I was a lot more cool with AI ending the world when AI stocks were actually going up.
$PENG with major strength today...
+4% on the day
Impressive considering many CapEx names are getting slaughtered
$PENG is a must watch...
Penguin Solution builds the systems that power AI data centers. $4 billion market cap.
+68% YoY sales growth last quarter
+158% integrated memory revenue
Added 6 AI infrastructure customers
PENG ran into last week's report, and +13% on Day 1 of earnings reaction.
Back-to-back highest volume days ever.
Strong theme, too. Storage/enterprise hardware names are on fire $HPE $DELL $P $NTAP
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$ASX displaying major relative strength today
Can lead as long as semis as a whole don't die
$ASX acting great...
Should push out of this base soon.
Bonus points for being a semi that doesn't swing 10% intraday for absolutely no reason.
Equal Weight Software ETF $XSW looks ready to climb out of this big base...
Good pond to fish in.
Crypto weekend strength is a great sign for risk assets
$SHOP chart is also starting to look magical...
Massive cup and handle pattern forming.
Broke out to 10-month highs on the weekly.
Looks like it's headed much, much higher
It’s feeling really magical inside of Shopify right now. It’s clearly the greatest time in the history of tech industry right now. I hope it feels similar everywhere else.
This is even more true today.
Market is setting up to rip.
Too many killer setups to be bearish.
It's really that simple
$PENG is a must watch...
Penguin Solution builds the systems that power AI data centers. $4 billion market cap.
+68% YoY sales growth last quarter
+158% integrated memory revenue
Added 6 AI infrastructure customers
PENG ran into last week's report, and +13% on Day 1 of earnings reaction.
Back-to-back highest volume days ever.
Strong theme, too. Storage/enterprise hardware names are on fire $HPE $DELL $P $NTAP
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"The market is going to crash because of WW3"
Tech bros are saying "software is dead."
Market is saying the complete opposite.
Who do you believe?
$DDOG looks incredible on all time frames
Highest daily and weekly closes ever on Friday
Monthly looks like this...
$QQQE building out nice base...
This should test upper bounds of this multi-month range soon, then breakout.
TLDR: Breadth about to improve in the QQQs
Mags and software are leading this rally.
Semis are participating. But they aren't leading.
Rotation within tech is normal, even healthy.
I see all three major tech groups headed higher from here.
$ASX acting great...
Should push out of this base soon.
Bonus points for being a semi that doesn't swing 10% intraday for absolutely no reason.
$ASX wants to breakout...
Will the market allow it?
Easily one of the strongest semis at the moment.
$AMD a little weak today
Looks like it might flush down to rising 21d EMA
Could see red to green move on Monday
CPU theme has been weak past few sessions.
See $INTC and $ARM. I don't think it's a major cause for concern. They might just need a bit more time
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$XLK looks great too
Held breakout above June highs.
$QQQ looks great for continuation next week
$RSPT looks ready to push higher next week.
Holding breakout like a champ
$AMD holding up well still...
