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.

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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.