These charts require no explanation. Kleenex and lotion? Probably. But no explanation.
Substrate of Hormuz
I am showing AXTI below simply because it boggles the mind: it has moved up thousands of percent in a matter of months, and even with all the mayhem happening around us, there isn’t a downtick in sight. This is the kind of thing I know will ultimately reverse, but I’m not going within 300 yards of it.
Reality Check
Sock It to Me!
Today is going absolutely great. May I offer another idea: Sable Offshore (SOC) which I just shorted with a stop loss price of 15.90:
The Sog of War
Good morning, fellow Slopers. Considering that World War III is happening all around us, the market is slumped in a corner, picking its nose. Except for the brief “excursion” (Trump’s latest synonym for war), bounded by the red rectangle, the market has been relatively moribund. As I’m typing these words, the /ES is down literally 0.01%. It’s a joke.
