Good Tuesday morning. Look up “bull markets climb a wall of worry” and you may just find the action of the last 3 weeks highlighted. From “Deep Seek” to “tariffs” to “a hot CPI”, the bears thought they had this market surrounded. Instead, on Friday we got a move to new all-time highs in the S&P 500, with the Dow Jones and Nasdaq just 1% away from hitting all-time highs as well. No, this is not how the stock market acts when its next major move is going to be lower. 

We continue to recommend SOXL (3 x Semi ETF…you can cancel your stop losses), TQQQ (3 x Nasdaq 100 ETF), TNA (3 x Russell 2000 ETF) and NAIL (3 x Housing ETF). After 3-4 months of consolidating, the semis/tech should lead higher.

In addition, global markets are on fire. In Germany, Europes most important market/economy, the DAX is up 16% to start the year (as Europe prepares to get $1-2 trillion to rebuild Ukraine). In China, where we believe the lows are in place with what should be a long term bull market move h...