Morning Commentary
Less than two weeks ago, the world and stock market were going "to hell in a handbasket." Now, it's staging an extraordinary rally with expanding breadth, but the monster moves are still in the same sectors that have dominated all year. Those names were under the most pressure on the way down. Investors must decide whether to chase these on the turn or wait for the also-rans to get into gear.
Winning begets winning, but it's more than momentum. These are exceptional companies.
There is enough cash-seeking “quality” that the S&P 500 saw a similar spike in names popping above their 20-day moving average as the NASDAQ-100 (NDX).
S&P 500 Stocks Above 20-Day Average
NASDAQ-100 Stocks Above 20-Day Average
Key Charts
The S&P 500 is knocking on the door of 4,400, which leaves one hurdle after (4,600).
The NASDAQ Composite is a tick away from clearing a significant hurdle before taking on the highs of July and August.
I wrote two weeks ago I was bullish, but the caveat was the S&P 500 closing above 4,600. Everyone should be flushed with cash and ready to go. Worrying you didn’t get the exact bottom is a horrible mistake and will doom you to eventual failure.
Portfolio Approach
We added a new position to Consumer Discretionary yesterday afternoon and are adding another one this morning to the Hotline Model Portfolio. If you are not a current member to our Hotline service, contact your account rep or email Info@wstreet.com to join today.
Today’s Session
Powell is speaking this morning, and later today, the 10-year bond auction will be a huge one - two punch.
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7/15/2025 1:35 PM | Semis Rise & Banks Slide |
7/15/2025 10:13 AM | THE CURIOUS CASE |
7/14/2025 1:32 PM | Decisive Week |
7/14/2025 9:32 AM | GET READY! |
7/11/2025 1:45 PM | Facing Pressure |
7/11/2025 9:48 AM | CLEAR FOR TAKEOFF |
7/10/2025 1:53 PM | Small Caps Rally |
7/10/2025 9:56 AM | ENOUGH ZEN TO SHARE |
7/9/2025 1:32 PM | NVDA New Milestone |
7/9/2025 9:46 AM | PASSING THE BATON |
7/8/2025 1:33 PM | Seesaw Session |
7/8/2025 9:55 AM | MORE SUMMER BLAHS THAN FEAR OF MYANMAR'S TARIFF |
7/7/2025 1:27 PM | Trade Talks and Profit Taking |
7/7/2025 9:51 AM | LOVING MOOD |
7/3/2025 9:45 AM | NICE & STEADY AS SEMIS CONTINUE TO CHIP IN |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
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