Heroic Lifesaver

$ExxonMobil(XOM.US)

Oil has been a bit more tricky to chart as it has been more often than not tied to geopolitics.

As mentioned previously, I chose ExxonMobil primarily as an investment into a blue chip energy conglomerate that also benefits from elevated oil prices.

It’s meant to hedge against rising oil prices while at the same time leveraging on a well run company which pays a healthy dividend.

@Captain's Treasure

This market is too tricky to guess which way it wants to go. And many times I have mentioned that narratives are secondary to price action. Having said that, the market might be waiting for the CPI numbers looking at how lacklustre it has been lately.

$SPDR Gold Shares(GLD.US)

Gold has done quite well recently. She has broken out of her rectangular basing channel in what looks like a micro 5 waves. Volume looks good and expansive on the move. However caution ahead - The daily 200 MA beckons. The most bullish move will be a gap and go beyond the 200 MA. Alternatively price pulls back in three waves which will set up for a sustained rally.

CPI ahead might provide the catalyst for the next price action.

@Captain's Treasure

The agreement between Nvidia and the six prominent names in finance hints at a landscape shift. AI is being shaped to be the new real estate albeit a digital one.

$NVIDIA(NVDA.US)

Its Monday and it’s Nvidia time again. Last week when I discussed Nvidia, she was still hovering above the daily 200 MA precariously. What a difference a week makes in the technical picture.

Now a week later, Nvidia sits prettily at 224 and much closer to the ATH. Earnings are coming up and the whole tech world as well as the overall markets will be waiting eagerly to see if Nvidia can give a much needed confidence for another boost.

Stay tuned! 🤓

@Captain's Treasure

Its encouraging to see Berkshire deploy their cash and amass Google. In true Buffet style, they gravitate to an established name with a moat. The choice is clear. AI is here to stay.

$Sandisk(SNDK.US)

I am very bullish on Sandisk with my upper targets way above the ATH of 2354.

Yes I know some of you are laughing at my targets but I have my reasons for saying so. And they are based on both fundamentals as well as technical analysis.

When these two aligns, I am confident and unless the fundamentals and/or the technicals change, I will not sell unnecessarily. Maybe take profits but it will be buy on dips.

Sandisk has two bullish counts on my radar. And they are both pointing to lofty overhead targets. But first we need to get over 1370 at this sticky upper downtrend line which will see Sandisk’s engine revving up.

@Captain's Treasure

What is interesting about this market is that despite making new highs, many especially retail remain skeptical and doubtful. Technically, the charts look bullish if they continue holding the levels they broke above. And they are doing well. All these makes me lean bullish.

$GE Vernova(GEV.US)

This stalwart continues to have a strong position in my tech portfolio. Whilst everyone chases the high growths, this behemoth chugs along quietly and cushions the portfolio.

Very much an important cog in the energy hungry AI world, I believe GEV will continue doing its thing contributing less noisily like a star defender in an elite football team.

They are so important to the team but not in the limelight. You only notice them when the team is under attack or when they occasionally score.

Like Saliba for Arsenal. COYG. 🤓

@Captain's Treasure

The markets are placing such high expectations on these memory stocks. The funny thing is the valuation now is generally lower than when the market was hungrily bidding them up just two months back. Sentiments just can’t be quantified. It allows rational investors better prices though so that’s a good thing.

$ExxonMobil(XOM.US)

The good thing about investing in oil companies rather than oil itself is that they tend to respond less than what affects oil prices but they still behave proportionally. Call it lower beta if you like but the part that I really like is you can choose fundamentally sound companies that can actually buffer against oil prices decline yet soar with oil prices.

Exxon Mobil is one as well as Chevron.

And they can always pivot to clean energy. So that is why I like them in my tech heavy portfolio. They tend to be the ones holding things together when tech is taking a rollercoaster ride.

@Captain's Treasure

Wow what a follow through the market had. Right on the fourth day of the first rally from the lows. Between 4-7 days check. Price increase more than 1.5% to previous day. Check. Elevated volume. Check. Happened on the major indices especially SPX and Nasdaq. Check.

It’s still early of course and does not guarantee a bull but a bull market has not started without one. Take whatever spin you want from that.

Remember when I was saying last week the discount only lasts while stocks are available? Looks like many favourite stocks have been snapped up by eager buyers.

$SPDR Gold Shares(GLD.US)

Gold continues to move in a tight range and has been in a rectangular channel since 22nd June. Coincidentally, this range hovers just above the daily 200MA as well as two AVWAPs.

The waves for the ABC pattern can be counted as complete although there remains the possibility of another wave down to complete the fifth of C. But there are enough waves in place to complete the pattern.

Is this all there is for the fourth wave? Or is this just the A of that fourth?

The price actions in the coming weeks will be telling.

@Captain's Treasure

Well that was a nice reversal for the major US indices as they started on the low trapping the bears and gained strength as the day progresses. Result: Nice daily green candles all round. Volume is low though. Will we get a follow through day? Day 4-7 after a rally off the lows is when that usually happens. Go bulls go!

$NVIDIA(NVDA.US)

Its Nvidia time of the week! Let’s see how she is doing…

Last Monday, she dropped all the way from 208 to just above the 200D MA. Tuesday saw her touched the daily 200MA and Wednesday a drop below.

High beta tech recovered vigorously on Thursday but Nvidia hovered just barely above the 200MA support before pulling above to settle at 200.75.

I won’t really call the resulting weekly candle a hammer although it does resemble one. More like a rejection candle off critical support.

Results next week will be important. As of now, Nvidia looks lethargic.

@Captain's Treasure

Oil remains elevated into the weekend close with a nervy market and opens the week lower after the middle east stand off eases again as market reopens. Have we seen that script before? 🤓

$Microsoft(MSFT.US)passes with flying colours

Microsoft delivered exactly what the market wanted to see: AI investments are translating into accelerating business performance rather than simply higher costs.

1. Azure’s growth remained exceptionally strong,

2. Microsoft Cloud revenue continued expanding rapidly, and

3. Copilot adoption showed that generative AI is becoming a meaningful commercial product instead of just a future promise.

Most importantly, management also maintained confidence in its long-term AI infrastructure investments despite elevated capital expenditure.

To me, this reinforces Microsoft’s position as the leading enterprise AI platform.

As long as cloud demand and AI monetisation continue to outpace spending, I believe the long-term uptrend remains intact despite the stock’s premium valuation.

@Captain's Watch