Big news up top: after more than fifteen years, Tim Knight's Trading Charts is doubling to a full half-hour show starting Monday. In this Friday edition, he sets the stage, then walks the tape after a genuinely weak jobs report; payrolls came in negative against expectations for a solid gain, and stocks rallied anyway on hopes it clears the path for rate cuts. His read: the market is ending the week on a bullish note, and it's the bulls' to lose, with CPI on Wednesday as the next big test.
Tim also takes a victory lap on SpaceX (SPCX)
, now within spitting distance of its IPO price after the unlock everyone feared, and thumbs through the final wave of big-cap earnings, from Microsoft (MSFT), Amazon (AMZN) and Palantir (PLTR) ripping to Caterpillar (CAT) and Meta (META) looking heavier. He flags a caution on the precious metals bounce and a couple of fresh storage-name shorts. All positions and views are his own, and this is not a recommendation.
Video Length: 00:14:33
Video Chapters:
00:00 A bigger show starting Monday
01:53 A really weak jobs report
02:45 Bonds still going nowhere
03:45 Next week's risk for the bears
04:37 Back near fully invested
05:20 CPI is the next big event
05:37 SpaceX nears its IPO price
07:00 Semiconductors stay in focus
07:42 A caution flag on metals
09:10 Thumbing through big-cap earnings
12:13 Caterpillar undoes its earnings pop
13:59 Fresh storage shorts
14:34 Watch crude oil into Wednesday
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