Equity Rotation Time?

The LongVol Report - Weekly Article of The Week & Podcast

This is episode 60 of The LongVol Article of The Week & Podcast.

We’ve been publishing the article of the week/podcast for nearly two years now each and every Thursday the free archive is here. You can upgrade to view the rest of this post below and get access to the weekly newsletter.

The podcast/video cast is published on Saturday morning covering part of this article, other stock market commentary and members Q&A.

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SP500 $5760-$5770 Resistance/Target: For those paying attention, we talked about this area on the SP500 futures in the Sunday PDF report titled: “The Tariff Man”.

My views are the same as last week, the broad market heads lower due to two primary reasons:

• Mag 7 growth slowing

• BOJ tailwind into Mag 7 gone

This was not the time for us to be adding into tech but rather trading it which we did and then got out as we approached those key SP500 levels above.

Boeing Long ( $BA ( ▼ 1.59% ) ): We’ve talked about this name since last Summer and have now traded into it twice. First after the capital raise last fall and then again a few weeks ago where everyone was running for the exit doors. The stock was +9% on Wednesday.

• Why was it up? Cash burn is easing - CNBC

• But the real reason is that they have a $500 billion back log and are one of two suppliers in the game

• The major fixes are in the past - it’s a bumpy road but we’ve turned the corner

  

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The Topics This Week

• BROAD MARKET: Stock market bounce is here but key technical resistance has stopped it so far. Plus, record put buying in the last few weeks explained.

• Insider Selling ATH: Insider selling has hit all time highs, a concern?

• FOMC Notes & Japan Equity Flows: Warren Buffet has increased his positions in Japan - a quick discussion of why we own positions there as well.

• Nike Earnings: Some quick thought on the turnaround and the chart.

• Boeing Rallies: A position we’ve owned for months and plan to hold - a quick look.

• D.I.T.C. - Dive Into The Charts: Mag 7, Cocoa Futures, SP500 buybacks, Housing sales of note, $TSLA ( ▼ 1.67% ) weekly setup

• LONG TERM IDEA REVIEW: $SCHW ( ▼ 1.27% ) - A revisit of this position as we are a few weeks out from earnings.

• PREMIUM MEMBERS OPEN Q&A SESSION: Open Q&A for Members

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