Momentum Monday...Pass the Masks and Do Not Cough Anywhere Near Me

I don’t have much insight into the Corona Virus but the markets started caring last week.

This is a longer post today as I tried to brain dump all the reading and chart watching I did this week.

As always Ivanhoff and I took a look at the markets to see what is working and what might work soon. You can watch/listen right here.

Even if you hate stocks, the first two minutes of every episode is worth watching as I probe Ivanhoff about the tiniest details of his home country Bulgaria. This week he tells me that the national sport of choice is weightlifting. No wonder he left. I also tried to get Ivan’s take on the black stain ZeroHedge has left on Bulgaria for getting kicked off Twitter. Ivan is the perfect straight man as always.

If you are too lazy to watch our video I will share some quick takes and some extra great links without audio and video below. You WILL have to watch the video to listen to my favorite new idea that I have been stalking and Ivan’s breakout ideas in biotech.

Here goes…

Apple crushed earnings but closed on the lows of the week after hitting all-time highs. Give that one to the doom and gloomers. Charlie has some awesome Apple chart and numbers porn. I clipped them below:

and…

Microsoft closed very near all-time highs. Microsoft Azure is growing faster than Amazon’s AWS. I never thought that would happen. Kudos to them.

Tesla won’t give back an inch. Beast mode. Elon Musk has won hearts and minds of the worlds toughest critics…millennial and gen-z valley girls. Don’t @ me about their financials.

Facebook and a lot of semiconductor stocks were demolished the last few days and fell back into their bases. No bueno says the technicians (and me). Many biotechs as well.

Amazon closed at exactly $1 trillion in market capitalization. Here is Amazon versus the retail index (Amazon is in the ETF for chrissakes)…

If you work in retail (especially minimum wagers) or energy or soon to be any industry with tariffs of 20 plus percent…this economy sucks.

Bonds and Gold are breaking out and the S&P is pulling back. In the charts that blow my mind category is this one of the 20 year performance of Long Term bonds versus stocks…

Energy stocks closed at their lowest monthly close since 2010. Here is Exxon versus the S&P the last 8 years. Take a look at this NINE year chart of the S&P versus energy. Peace in the middle east might be the furthest away it has ever been and chaos from low oil prices seems likely. Who knew that Jared and Fat Nixon would find Middle East peace so complicated.

Finally…if you are ever feeling down about missing this stock market boom, at least you are not Italian.

PS –

Charlie started a FREE weekly email for us at Compound Capital with 5 charts from the past week that tell an interesting story in markets and investing. This first one is most excellent. You can sign up for it here.

As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.