Weeks ago Gianni told subscribers the Nasdaq was heading to 29,000 to 30,000. He was laughed at, insulted, and scoffed at.
Today the Nasdaq is up 1.5% and printing fresh all-time highs.
The S&P 500 is pressing into the highs of the day with 7,400 in its sights. Semiconductors ripped nearly 5% to a new all-time high.
Now Gianni says the last bullish domino is starting to fall.
That domino is crypto. After weeks of calling it the final holdout, today’s price action confirmed the breakout.
Here is what Gianni broke down in tonight’s video:
- Cipher Mining, IREN, and Hut 8 are all hitting new all-time highs as crypto stocks break out. Gianni is watching this group as the cleanest measure of risk appetite in the market.
- MicroStrategy reports earnings tonight. A close above $185 to $190 opens the door for a move back to $270 to $280 and ends what Gianni called the Michael Saylor apology tour.
- Gianni booked Intel for a 100% gain on the rally to $100 in the Million Dollar Challenge portfolio last week. The Philadelphia Semiconductor Index has since ripped nearly 5% to fresh highs.
One more counterintuitive signal is worth flagging. Bombs were flying in the Strait of Hormuz yesterday and crude oil is still down today.
Gianni says the risk profile in crude is changing. A break of $100 opens the door for a slide back to $90.
