At long last, the government is actually helping me out. Their probing of Alphabet (GOOGL) is causing some shivers in the Silicon Valley.

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At long last, the government is actually helping me out. Their probing of Alphabet (GOOGL) is causing some shivers in the Silicon Valley.

It’s heartening to see a solid red screen for a change, as it appears to be dawning on folks that the cavalry isn’t coming. Semiconductors, a crucial element for this broken bull market, are beginning to show signs of weakness. Nvidia has executed a quintet of Lower Highs, with a hard stop being the price gap I’ve highlighted.

Even though folks joke about Crox shoes, they have endured for decades. This chart, however, looks awfully vulnerable to a tumble.

Since March 27th, the stock behind Truth Social has been marching with the kind of steady regularity that could bring tears to a bear’s eyes. Why, oh why, can’t the SPY look like this? Anyhoo, the stock has fallen 66% in those few months, and below is just the segment from July 15th to present, in which there’s hardly an uptick in sight.
