$100 Billion in an Afternoon

Author

Bootleg Macro
July 23, 2023

Welcome back to the New Highs Newsletter. Hope you had a good week. I wish we all had a week as good as Apple.

A rumor pushed Apple’s market cap up $71 Billion in an afternoon. 

The best Afternoon Delight I’ve ever seen in the stock market. Cheers to the shareholders.

- Dustin

Market Performance

July is finished next week. Can you believe it? Carvana knows and it’s going for the best stock of 2023. It was up over 40% in 1 day…we are so back!

Market Performance:

It’s a bull market in all 3 indexes! What are you going to do with that information? Sell, lol.

In proper form we have numerous stocks breaking to new highs.

US Index Review:

❝

Buy The Rumor, Sell The News

- Unknown

SPY

  • Bullish Trend Since 5/31/23🟢

  • Go Long Since 5/18/23🟢

  • Price to Rise Since 6/29/23🟢

DIA

  • Bullish Trend Since 6/30/23🟢

  • Go Long Since 7/13/23🟢

  • Price to Rise Since 7/7/23🟢

QQQ

  • QQQ Bullish Trend Since 5/16/23🟢

  • Go Long Since 7/13/23🟢

  • Price to Fall Since 7/21/23**🛑

IWM

  • Bullish Trend Since 5/24/23🟢

  • Go Long Since 7/12/23**🟢

  • Price to Rise Since 6/29/23🟢

Volatility Corner:

VIX / VVIX improved. Blue up is good, blue down is bad. We went back up. This signal shouldn’t be ignored. It’s important to know, things look good and can get better from here. We can see down weeks like last week but sideways to up shouldn’t be a surprise.

Enjoying this?

& Invite a friend.

New Highs $5-$20:

  1. EVLV - Security & Protection Services - (USA)

  2. MDXG - Biotechnology - (USA)

  3. AGRO - Farm Products - (Luxembourg)

  4. EYPT - Biotechnology - (USA)

  5. ARLO - Building Products & Equipment - (USA)

  6. ADEA - Software - Application - (USA)

  7. HOOD - Software - Infrastructure - (USA)

  8. PLTR - Software - Infrastructure - (USA)

EVLV - Security & Protection Services - (USA)

MDXG - Biotechnology - (USA)

AGRO - Farm Products - (Luxembourg)

EYPT - Biotechnology - (USA)

ARLO - Building Products & Equipment - (USA)

ADEA - Software - Application - (USA)

HOOD - Software - Infrastructure - (USA)

PLTR - Software - Infrastructure - (USA)

Enjoying this?

& Invite a friend.

New Highs $20+:

  1. PINS - Internet Content & Information - (USA)

  2. VRRM - Infrastructure Operations - (USA)

  3. IBN - Banks - Regional - (India)

  4. BHVN - Biotechnology - (USA)

  5. VECO - Semiconductor Equipment & Materials - (USA)

  6. DXPE - Industrial Distribution - (USA)

  7. YELP - Internet Content & Information - (USA)

  8. CYBR - Software - Infrastructure - (USA)

  9. ACLS - Semiconductors - (USA)

PINS - Internet Content & Information - (USA)

VRRM - Infrastructure Operations - (USA)

IBN - Banks - Regional - (India)

BHVN - Biotechnology - (USA)

VECO - Semiconductor Equipment & Materials - (USA)

DXPE - Industrial Distribution - (USA)

YELP - Internet Content & Information - (USA)

CYBR - Software - Infrastructure - (USA)

ACLS - Semiconductors - (USA)

52 Week Highs:

  1. CAMT - Semiconductor Equipment & Materials - (Israel)

  2. INDA - ETF - (USA)

  3. MDC - Residential Construction - (USA)

  4. AEHR - Semiconductor Equipment & Materials - (USA)

  5. BSY - Software - Application - (USA)

  6. ALSN - Auto Parts - (USA)

  7. STRL - Engineering & Construction - (USA)

  8. XPO - Trucking - (USA)

  9. CVLT - Software - Application - (USA)

  10. FTNT - Software - Infrastructure - (USA)

CAMT - Semiconductor Equipment & Materials - (Israel)

INDA - ETF - (USA)

MDC - Residential Construction - (USA)


AEHR - Semiconductor Equipment & Materials - (USA)

BSY - Software - Application - (USA)

ALSN - Auto Parts - (USA)

STRL - Engineering & Construction - (USA)

XPO - Trucking - (USA)

CVLT - Software - Application - (USA)

FTNT - Software - Infrastructure - (USA)

Next Week:

Business Events (Earnings, Conferences, etc)

  • Monday, July 23rd

    • Cadence Design Systems Inc. (CDNS), NXP Semiconductors (NXPI), Ryanair Holdings (RYAAY), Brown & Brown Inc. (BRO), Domino’s Pizza (DPZ), and Crown Holdings Inc. (CCK) report earnings

  • Tuesday, July 24th

    • Microsoft (MSFT), Alphabet Inc. (GOOGL; GOOG), Visa (V), Texas Instruments (TXN), Raytheon Technologies (RTX), Verizon Communications (VZ), General Electric (GE), UBS (UBS), 3M Company (MMM), and Ford Motor Company (F) report earnings

  • Wednesday, July 25th

    • Meta Platforms (META), The Coca-Cola Company (KO), Thermo Fisher Scientific (TMO), Union Pacific Railroad (UNP), Boeing (BA), Automatic Data Processing Inc. (ADP), AT&T (T), Chipotle Mexican Grill (CMG), Stellantis (STLA), and O’Reilly Automotive (ORLY) report earnings

  • Thursday, July 27th

    • Mastercard (MA), AbbVie (ABBV), McDonald’s (MCD), Shell (SHEL), Linde (LIN), Comcast (CMCSA), T-Mobile (TMUS), Intel (INTC), Honeywell International (HON), and S&P Global Inc. (SPGI) report earnings

  • Friday, July 28th

    • ExxonMobil (XOM), Procter & Gamble (PG), Chevron (CVX), AstraZeneca (AZN), Sanofi (SNY), Aon (AON), Colgate-Palmolive (CL), Charter Communications (CHTR), Centene Corp. (CNC), and T-Rowe Price Group (TROW) report earnings

Central Banks (Speeches, Decisions, Meetings)

  • Monday, July 23rd’

    • Chicago Fed National Activity Index (Jun)

    • S&P Global Composite PMI - Flash Estimate (Jul)

  • Tuesday, July 24th

    • S&P Case-Shiller National Home Price Index (May)

    • Federal Housing Finance Authority (FHFA) House Price Index (May)

    • Conference Board (CB) Consumer Confidence Index (Jul)

    • Richmond Fed Manufacturing Index (Jul)

    • Day 1 of July 2023 FOMC Meeting

  • Wednesday, July 25th

    • New Home Sales (Jun)

    • Day 2 of July 2023 FOMC Meeting; Interest Rate Decision and Press Conference

  • Thursday, July 27th

    • U.S. GDP Growth Rate - Advance Estimate (Q2 2023)

    • U.S. Goods Trade Balance (Jun)

    • Durable Goods Orders (Jun)

    • Wholesale Inventories (Jun)

    • Retail Inventories Excluding Autos (Jun)

    • Kansas City Fed Composite Index (Jul)

    • Pending Home Sales (Jun)

  • Friday, July 28th

    • Personal Income and Spending (Jun)

    • Personal Consumption Expenditures (PCE) Price Index (Jun)

    • Michigan Consumer Sentiment Index - Final Reading (Jul)

Enjoying this?

& Invite a friend.

What service do we provide the reader? (Save You Time 🕰️🕰️🕰️)

The Price🏷️ of Loving ❤️Stocks📈

The biggest price we pay for a love of markets is the time 🕰️. Screen time. Sitting watching. No moving, no living, it’s silent and the same. Stop wasting time. Subscribe and get a finely designed list of company stocks to your inbox every Sunday morning ready for review.

If you spend more than 2 hours looking at charts a month, we can save you time and money. For $20 a month, you will get 100+ reviewed tickers sent your inbox. Get smarter about the markets without drowning in charts and wasting your life on screen time.

Take a break from the markets, let someone else send you curated, aggregated and finely designed breakouts. We see new action everyday. You don’t want to miss out on the next chance to join.

Enjoying this?

& Invite a friend.

Get Connected: Follow @BootlegMacro

Model Builder Course:

  • I have a course. You build the tool you see me using in the videos. You get to build your own version of the same model you see me use in every video. I’m adding to it over time as well so you’ll get all updates I do to the course forever.

    Thank you,

    BootlegMacro

Enjoying this?

& Invite a friend.

Disclaimer:
THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.
The information contained on this website has been prepared based on publicly available information and proprietary research. The author does not guarantee the accuracy or completeness of the information provided in this document. All statements and expressions herein are the sole opinion of the author and are subject to change without notice.
Any projections, market outlooks or estimates herein are forward looking statements and are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. Except where otherwise indicated, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the author undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional materials.
The author, the author’s affiliates, and clients of the author’s affiliates may currently have long or short positions in the securities of certain of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Neither the author nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. In addition, nothing presented herein shall constitute an offer to sell or the solicitation of any offer to buy any security.

Enjoying this? Probably not, it’s the disclaimer.

& Invite a friend.