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at the top of the show I talked about we have to voice but as the market takes an ugly turn what's worth buying in the weakness all right I think we need to focus on stocks that can keep working regardless of whether or not we successfully reopen the economy stocks are arguably do better with half the world stuck in quarantine because we don't know what the what the results of this reopen is gonna bring us that's why tonight we're going off the charts without Bob why he's the founder of explosive options not net as well as being the brilliant technician they all star duo bond in the street coms trifecta stocks newsletter he's also the author of a book called know your options we're gonna check up on a handful of high quality semiconductor names that we talk about a lot think Nvidia AMD and Qualcomm these three companies are textbook examples of great long-term stories that have thrived during the stay at home economy any Nvidia tons of gaming and data center exposure to where's that work everyone stuck at home welcomes a sense of the 5g wireless pill that multi year something we definitely need the internet is going to be the only place where we can congregate you need 5g it won't look like this anymore when you're talking see that I'm sorry you're always stuck in the worst most hideous position fabrizio freighter from I he's dead right from estée lauder you zoomy generation she got aboard a lot of make up now Nvidia AMD and Qualcomm all got obliterated when the market crashed in February of March but that's because people panic sellers made no effort to differentiate between winners and losers kind of like what's happening now how they threw the proverbial baby out with the bathwater since the bottom these high quality seven Duggar names have come right back its happy again after the one-two punch of doctor foul Qi telling us it will be dangerous to reopen the economy too quick please could be right and Fed Chairman Jay pal who was so negative today you're saying this log is gonna be long play these guys really on the opposite side of the president aren't they which brings us to Bob Lang's key observation when you see these momentum stocks pushing higher destroy the strong wind at the racks they can often keep rallying for a lot longer than most people expect even those rallies have temporarily been interrupted alright so let's start with the daily chart of total Cramer fav Nvidia yes and NVIDIA my dog is now 13 years old and it's got arthritis and just doesn't look so good so just be aware all right anyway NVIDIA the stock broke out in mid-april lang notes that has shown a ton of power stopped chugging higher on strong vibe what do we ever love that how powerful just yesterday Nvidia hit an all-time high so remember is marking him daily just and this most stocks did not do that that's really goodness but this one Lang's been even more upset first there's the Ichimoku cloud that's the green stuff technical tool that combines a bunch of moving averages usually one glance read on the situation it's pending a pretty bullish picture right out of the cloud is green it's trending higher and it's expanding those are three things you want to see from that indicator second there's the moving average Convergence divergence the MACD well do we love that that's an important gauge of momentum it tells you ahead of time what's supposed to happen resubmit a bullish crossover where the black line goes above the red one okay that's one of the most reliable buy signals out there boom don't want this to go back down third there's one that we've never talked about it's called the ADX that's the average directional index measures the strength of a given trend the ADX just made a bullish crossover so we're looking at a DX okay right there it keeps trending higher that's another positive sign the only fly in the ointment in videos got a ceiling and resistance above 10 points and that's kind of where the stocks are it's training it could get boxed right there above 10 but it could jump that hurdle and the stuff could have a lot more upside which is really incredible but this may be the best company in tech right now it really may be alright anyway put it all together online thinks and videos got the prettiest chart out there that's right and there's a reason they own in venue for the trifecta stocks newsletter I think Lang's dead right it's why we also own this one from my child well trust which you can follow on by joining the Action Alerts PLUS dot-com Club by the way I tend to talk about this this one at our monthly conference call tomorrow at 11:30 because it is textbook of what you can can own in this environment all right now what about Nvidia's weekly chart let's look at a little longer time frame what longer-term look Lange says this stock is incredibly strong there's the accumulation distribution line down at the bottom the ad line okay which tells you where the big institutional money managers are trying to buy the stock or dump it even during the Sullivan March this thing should show power which is really incredible good meanwhile the weekly HMO COO cloud once again good shape MACD just made a bullish crossover taking everything into consideration line believes Nvidia could make a run at 400 by year-end even more bullish than I am next up check out Lisa sushar yes this is AMD she's the CEO this isn't daily the first thing that jumps out at lying and he's got an an inverse head and shoulder pattern well how much do we love that okay it's always a reliable sign of upside it actually may be the most reliable bullish formation in the book was issued he spotted that because I didn't see it immediately so I thought it was kind of too much like this was too low but he's got it going on top of that the MACD indicator is poised to make a boss crossover down here okay he thinks this happens he's anticipating it I usually don't like to do that I usually wait to see it but he's anticipating since the bottom AMD's made a pattern of higher highs and higher lows which is exactly what charts like to see plus when the stock pulled back to the high 40s Everett recent earnings report that tells me the trivet buying opportunity as I told you it would over the last couple days AMD's fallen from 56 to 52 it's look at ugly and lying sees this though as a great entry point if the stock can breakout above its old highs in the high 50s he's betting in some clear shot to the mid-60s so that's pretty positive - I know a lot of you like that stuff while there's the daily chart of Qualcomm not talked about enough as ly sees it this is textbook picture of a breakout waiting to happen now this is really interesting because a lot of people get left up this one for dead welcome is currently at 78 it's got about a three in change yield Sealy resistant 82 Stockton burst through that ceiling and breakout of this triangle pattern that he sees which would be typical he thinks it's up up and away to much higher levels and this thing did trade a bunch of our levels at one point lags absolutely betting on this breakout as Qualcomm's the nose for the trifecta stocks portfolio his reasoning sorry from the fundamentals in this fabulous wireless technology play lines feeling confident about the chart while comms volume trends are positive so we look at some volume okay so you breakout on bigger volume there the relative strength index that's another important momentum index down here it looks tremendous very steep upward slope we want to see that but it's still know when you're being overbought the Ichimoku cloud recently turned green is now expanding it's another positive I like that it's a mogul II while Qualcomm is pulling back again today but not that much since the bottom and March every dip in this thing has been a fantastic buying opportunity getting its 5g if the stock can breakout above 80 to lying believes it can make a run for its old highs in the mid nineties I am with him on this and when he did the work on it I was thinking wow how many more semies can we own for action alert portfolio bottom line in a market that suddenly rolling over if your epic rebound from the lows we need to circle the wagons around high-quality stocks that we can confidently buy into this newfound weakness because they'll be able to make a comeback even if the economy doesn't and even if the market keeps going lower and Vidia ambient Qualcomm all fit the bill and the charges interpret Bob Lang it suggests that all three could have a lot more room to run I'm a it'll be a little more negative than him I may think that this could have a little downside but then um with him I think we should take some questions let's go to Jeff in Arizona Jeff hey Jim thanks for taking my call of course my wife and I want to start by thanking you for saving us from the fall of 2008 we heeded your wise advice and raised cash to cover our expenses for over a year and it really the financial a widely criticized cause all the good ones off and our but you know what thank you I'm glad you remember it we dodged 46% what's going on well my wife and I have a modest position in America as financial we took your advice and we actually read through the earnings call transcript and it looks like they had truly terrific earnings we're in a good cash position the outlook looks for the future they did suspend the buyback the price to earnings ratio is like it's like gym and I know it's probably because it's in the financial industry but they did increase the dividend for I think what's the 15th year in a row so we're just looking for your opinion on whether America I think it's being hurt by low rates it sells at 7 times earnings I don't like the financials we've sold almost every financial for my child trusts almost everyone this will be one I guess is a keeper because it's just so inexpensive but beware I think the financials are not included in general I like FinTech more like everybody else nothing really special there but the financials are tough right it's time to circle back to high-quality stocks that could do well and this or grow stocks by the way even if the economy doesn't open back up and that's baulkham mg and n thick all right much more man money and including much goes with peace E and G how's it coming dealing with demand and how the company dealing with Cooke then cruise lines continue to show Quincy despite the uncertainty I'll explain how and why and all your calls rapid-fire tonight's edition of the lightning round
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