Rio, Market Catnician

The Saturday Morning Perfect Hindsight Report Two hundred years ago, when "Wall Street" was nothing more than a log cabin built from the timber of the very buttonwood tree under which it had previously been founded, a smart and rich trader figured out that not much happened over the summer months. More importantly, he wanted to get to his farm — on land we now call Chelsea — as soon as humanly possible. So he coined the immortal expression: Sell in May and go away. What he and subsequent generations of traders forgot to mention was: When in May? Beginning? Middle? End? The whole month? Tuesdays only? This trader, in his ancestral wisdom, would probably tell you the following: $SPX could very well reach its measured-move target at 7500-ish sooner rather than later. Waiting for price to get closer to that level before lightening up makes sense. On the other hand, should 7000-ish support give out — and remember, that's prior resistance now flipped to support — you'll wish you had sold some into strength. Monthly chart says trend intact, shorter average rising, longer average a distant memory. Weekly chart says the recent dip to 6400-ish was bought with conviction, price is back above the 50-week, and the Bull still has room to run. So maybe the updated version is not: Sell in May and go away. Maybe it is: Let $SPX approach 7500-ish, sell some into strength, and then go away with peace of mind. Thanks for reading. 🙏🏻🙏🏻👊🍻

$INTC I don’t know who needs to hear this but $INTC is a buy. Be careful who you follow. People who post a chart like this and allude to the stock crashing are not serious people. This is the same person who would have told you that $MU at $300 is parabolic and should not be bought. Yet, here we are. It’s called a re-rating, price discovery, and eventual consolidation. When $NVDA went “parabolic” these people had nothing to say. I’ll see you at $150 and then $200 this year. Intel has partnerships with every hyperscaler, major neocloud - on CPUs alone. People STILL do not get it. Foundry is mission critical for America. Intel is the only one who can do it. And now, $AAPL, $TSLA, SpaceX are customers of Foundry. Soon to be $GOOGL, $MSFT, & $AMZN. You can hate it. You can’t ignore it. If you had doubts about Intel, posts like below should ease your mind. People hate it. The most hated rally has only just begun, and Intel is executing. Long. Live. Intel.