[Chart courtesy of MarketWatch.com]
- Moving the market
Today’s rally had a very familiar driver: Nvidia. The chip giant delivered another earnings beat, and investors responded by sending the Nasdaq higher while the rest of the market mostly stood around checking its watch.
Nvidia surged 9% after topping expectations and projecting powerful revenue growth, with forecasts now pointing to roughly 70% growth by fiscal 2028.
The enthusiasm spilled across the tech landscape. Salesforce jumped 23%, Adobe and Autodesk added nearly 6%, and cybersecurity names joined the celebration, with Okta soaring 29% and CrowdStrike climbing 20% after both raised guidance on strong demand.
Outside of tech, it was a quieter story. Bond yields edged higher as investors weighed resilient economic data, firmer oil prices, and Treasury support.
The dollar finished roughly unchanged, gold posted modest gains, silver outperformed with a solid 1.9% advance, and Bitcoin worked its way back toward the $81,000 mark.
As traders turn their attention to the Jackson Hole symposium, one question comes to mind:
After Jensen Huang played market hero today, will Fed Chair Kevin Warsh be tomorrow’s plot twist?
2. Current domestic “Buy” Cycle (effective 5/20/2025); International “Buy” Cycle (effective 5/8/25)
Our domestic bullish cycle that began on November 21, 2023, concluded on April 3, 2025, following a market downturn triggered by President Trump’s tariff policy announcement.
This development caused significant declines across major indexes and broader market indices. However, markets subsequently rebounded, culminating in a new domestic “Buy” signal taking effect May 20, 2025.
Concurrently, our International Trend Tracking Index (TTI) experienced parallel volatility. On April 4, 2025, it breached critical thresholds, prompting a “Sell” recommendation. This position reversed as global markets recovered, with the International TTI regaining sufficient momentum to issue a new “Buy” signal effective May 8, 2025.
3. Trend Tracking Indexes (TTIs)
Today’s market conversation began and ended with Nvidia’s earnings, which gave tech stocks a healthy tailwind while the broader market mostly watched from the sidelines.
Metals and Bitcoin joined the party, but our TTIs chose a less exciting agenda.
They spent the day calmly treading water, apparently content to let everyone else burn the extra calories.
This is how we closed 08/27/2026:
Domestic TTI: +9.48% above its M/A (prior close +9.82%)—Buy signal effective 5/20/25.
International TTI: +7.43% above its M/A (prior close +7.80%)—Buy signal effective 5/8/25.
All linked charts above are courtesy of Bloomberg via ZeroHedge.
———————————————————-
WOULD YOU LIKE TO HAVE YOUR INVESTMENTS PROFESSIONALLY MANAGED?
Do you have the time to follow our investment plans yourself? If you are a busy professional who would like to have his portfolio managed using our methodology, please contact me directly to get more details.
Contact Ulli