What to Watch & Avoid (Pt. 2)
Coherent, Philip Morris, Alibaba, Gold & Coffee
This week we quickly review what to watch and what to avoid.
S&P 500: The trend line was quickly reclaimed with VIX below 20
% of stocks above 200ma doesn’t show signs of overheating either. *Write this indicator down*
COHR: Druckenmiller increased his position by 43% last quarter. One of his largest positions. Look at the strength of this.
BABA: In July we brought Alibaba back.
PM: Cigs are back in style. Big managers have been continuously adding this name around $100-$105.
Coffee is basically a drug and going higher. Watch it.
AMD: Shaking out but still one of the long-term plays.
Gold at all time highs +$2,500. Bitcoin next.
KMI: Pipelines are the strongest we’ve seen in a while and HF managers are adding left and right.
WHAT TO AVOID
IWM: Druckenmiller sold ALL of his small-cap exposure which accounted for 16% of his entire fund. Just like we said, FADE the fake rally in small-cap stocks.
CSX: Stay away from railroads.
India: This is rolling over.
Return always wants its risk payment.
NOT INVESTMENT ADVICE. Only for entertainment.