Stocks Consolidating

 1/29/2026

 the SPX has been moving sideways since August. The MAs are slowing converging. 50,87,125 are closing together. This must happen before a significant change in trend. So patience.

Bonds moved up a smidge on the sell-off yesterday. TBT offers a better move than TBF as it is more leveraged. I will add more orders slightlu under the TBT market.

Not much else to report. The next two news events are the mid-terms Tuesday and the Anthropic IPO sometime in November.  Google dropped 10%, 320 to  293, hmm an early warning?

That is $500 B in mkt cap. 

 

Amazon's stock also took a hit on Thursday after it shared results that disappointed investors. Shares of the company fell 6% in after hours stock trading.

Alongside quarterly sales growth of 11%, hitting $201bn, the company shared a staggering cash flow figure of negative $42bn.

That number shows that Amazon is not only spending more money than it makes, but that spending has increased six-fold over the span of three months.

Chief executive Andy Jassy claimed the business was spending in part because it had the chance at, not one, but two businesses that could end up bringing in $1 trillion for Amazon the future.

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Intel INTC -3.62%decrease; down pointing triangle shares plunged more than 20% in after-hours trading Thursday after the company reported disappointing third-quarter results and forecast a prolonged slowdown in personal-computer sales.

 

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Right and Anthropic is planning  on a $50T industry according to its red herring to the SEC.

All this smacks of the hopes for dot.coms in late 1999.  Just my two cents.