A.I. breaks. Macro moves. Stock setups.

Issue #5. General market setup + episodic pivots.

• What did we write about in the last Breakout issue? Click here. ⬅️

• Since the Nvidia No More piece on June 20th after market close, NVDA is down 20% — it was down 30% before this last bounce.

• I recommend you browse through older Breakout issues to see what I expected then, and what later played out.

• In this issue I also include two examples of Episodic Pivots (EP) that returned multiples from the trigger of the EP.

• Going forward I will aim to inform subscribers when EP’s are triggered live, on Philoinvestor Chat.

Equity Indices

In previous Breakouts (Check Issues 3 & 4) I telegraphed that the trend was getting tired and that I expected a break of the EMA10 and a move down. The Nasdaq dropped 15% from break of EMA10 to this last bottom.

Let’s start with the technical picture of the Nasdaq and then to the AI Beneficiaries basket, before moving to Macro moves etc.