The Post-Fed Break Out Continues…

Relative strength stocks continue to break out after the Fed cut rates.

When semiconductors (SMH) break higher, along with Microsoft (MSFT), Amazon (AMZN), Netflix (NFLX), Meta (META), Tesla (TSLA), and Broadcom (AVGO), this relative strength is a bullish sign for continued upside price action.

There’s also a difference between where traders and investors should focus.

Charles and I also look at a dumpster fire stock that has gotten crushed, to discuss potential upside targets and macro reasoning. Let’s discuss Dexcom and why I think this one could start recovering.

Up Next...

Banks Crush Earnings, Fed Gets Ignored, Mag 7 Breakout Begins

  Wednesday, July 15, 2026 Good afternoon, traders! Let’s break down exactly what moved the market yesterday and why the technical picture is turning bullish. Bank Earnings: Absolutely Fantastic The major banks delivered outstanding Q2 results, and the market loved every bit of it. JPMorgan, Bank of America, and Wells Fargo all beat on both … Read more

Bank Earnings, Mag 7, Semiconductors & more…

7.10.26 Magnificent 7: Still Lagging, But AI Leadership Remains Intact The Mag 7 basket continues to be one of the weaker areas of the market in terms of relative strength, with the clear exceptions of Apple, Alphabet, and Nvidia. Tesla is attempting to make a comeback, and I’m betting it will do so when Optimus … Read more

Nasdaq Breaks Below the 50 SMA, NBIS Reverses Hard, And How I Manage Stops

July 8, 2026   Good afternoon, Five Star Traders! The market is sending some clear technical signals this week that deserve our attention. Nasdaq Fails to Hold the 50-Day SMA The Nasdaq Composite has now posted two consecutive closes below its 50-day simple moving average. This is a meaningful shift. The 50 SMA has served … Read more

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