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crowdstrike
Process > Prediction

I added a new position in CrowdStrike today.

It checks all three boxes in my process.

Let's get into it. 

 Box #1: Relative Strength Where It Matters

When you look at CrowdStrike $CRWD versus iShares Expanded Tech-Software...

Thompson's Two Cents
$VIX
$SPY
rspt
Don't Let It

One of the biggest misperceptions in investing starts with the phrase we all casually use.

“The stock market.”

It sounds fine but it’s also misleading.

What actually exists is a market of stocks....

Thompson's Two Cents
$VIX
$SPY
xly
Annoying Day In The Market

I will be honest, days like this are annoying.

An event driven weekend led to a gap down across a lot of assets. 

That's part of the game. But the reason for the move matters far less than how price responds after it happens.

...

Thompson's Two Cents
$VIX
$SPY
retail
The Wisdom In Price

$XRT is an equally weighted ETF made up of 90 retail stocks.

That means 90 different companies.

90 balance sheets.90 earnings calls.90...

Thompson's Two Cents
$VIX
$SPY
SPY
Quiet Strength

I’m a dog guy. 

Growing up, we had all kinds. Boxers. Mutts. Even a little mini poodle. 

But one thing stayed consistent.

The dogs you actually had to respect were never the loud ones. 

They didn’t bark nonstop...

Thompson's Two Cents
$VIX
$SPY
Mags
Will They Keep Their Balance?

It’s still a Bull Market, which means turbulence can be absorbed, but these tech charts carry that “tactical top” set up you can’t ignore.

The Mag 7 control about a third of the S&P 500.

If they stall, the index will chop even if the...

Thompson's Two Cents
$SPY
tease
One Chart To Cut Through The Narratives

Let’s Be Real For a Minute

The idea that one stock holds the key to the market’s future? 

That’s a pipedream.

There are thousands of stocks in the world.

At ANY point you can find one to...

Thompson's Two Cents
$SPY
nice
I'll Keep It Quick

"Stocks" were down big today. 

 

Over 70% of S&P 500 "stocks" were down today. 

The index? Green.

I’m no math major, but that math makes the point. 

The S&P 500 isn’t “Stocks” — it’s a active momentum...

Thompson's Two Cents
$SPY
$QQQ
adv
In the Prices of Stocks

Inflation is heating back up this week....in the prices of stocks.

I’m no CPI whisperer. I tend to focus on the message of the market.

I’d rather watch how the real experts react, and then place my bets accordingly.

Their actions...

Thompson's Two Cents
$SPY
$QQQ
gfen
Quantifying Greatness

I’m in Philly this week.

And it’s already been a grand slam.

Literally.

There’s something about greatness in sports.

Hard to define. Easy to recognize.

And that’s...

Thompson's Two Cents
$SPY
$RSP
$GENI
VIX
A lot of Potential

Sunday Stalk List | Ep 10

Welcome back to The Sunday Stalk List.

Every weekend, I review hundreds if not thousands of charts across U.S. indices, global markets, breadth, sentiment, and intermarket...

Thompson's Two Cents
$SPY
$RSP
$VIX
$ITB
$XHB
$IWM
RSP
Will The Market Follow?

When most people talk about “the market,” they mean the S&P 500 or the Dow. 

That’s the default. The number on the news ticker. The benchmark everyone measures against.

But it simplifies something far more complex.

The...

Thompson's Two Cents
$SPY
$RSP
Breadth Divergence

You know my stance by now.

It’s a Bull Market.

That means the MAIN focus is staying in sync with primary trends and using pullbacks to add, not subtract.

But this week?

It's loud.

...

Thompson's Two Cents
$SPY
$VIX