00:00 Speaker A

The CPI could not do it for stocks. Uh banks kind of weighed on the uh entire market just a little bit. JP Morgan starting off uh earnings season this uh brand new 2026 and it was a little bit of a disappointment.

00:16 Speaker A

So JP Morgan down about 4/10ths of 1%. I’m just going to pull up a quick one-year chart. This is a stock that is coming off of pretty recent, recent highs here. So you can see up about 27% over the preceding 12 months.

00:28 Speaker A

Tomorrow morning, we got Wells Fargo, we got City, we got back and I’m going to be talking with Julia about those at 9:00 a.m. So stay tuned for that. But in the meantime, uh that was a day in banking.

00:40 Speaker B

All right, that was banks. What was working? What was looking bullish?

00:43 Speaker A

Ooh, we got to talk about Intel. And I’m remember those old commercials, Intel inside? Well, Intel has broken outside of its trading range, hence the outside there.

00:54 Speaker A

and I’m going to pull up a chart here. I’m going to do a 10-year on the stock because it is broken out of an important trading range. Yep, that’s 10 years, everything looking good. I’m going to draw you the $45 line in the sand.

01:05 Speaker A

Now this was prior support going back uh to the I go, first half of this decade period. And you’re going to see we broke above to $50 in late 2023, could not hold. So we’ve broken to this range again above $45. We’re going to have to see if we can hold this time.

01:25 Speaker A

And the real test is when we get to about $65, $70 per uh $65, $70. And I was talking to Dan Newman, he is the CEO of Futurum Group on stocks and translation. Episode was just dropped today, so look for it. I asked him the catalyst that it’s going to take for Intel to get to this level and here’s what he said.

01:45 Dan Newman

The catalyst has actually already happened. It was the backing by the United States government, then the backing that came from Nvidia because Intel needs to be the US chip champion in foundry.

01:54 Dan Newman

I am a massive bull for TSMC, best, best at what the company does, but the US needs to have at least some level of independence from Taiwan to be able to manufacture leading edge chips and it needs to be done here in the United States.

02:10 Dan Newman

The fact that the government backed it was basically what I would call, the mafia would call being made.

02:15 Speaker A

All right, Intel has been made. I like that. Uh but the runway could be long and not saying that it’s imminent that’s it’s going to get to uh record highs, but we’ll see how this plays out this year.

02:22 Speaker B

Quick check on Bitcoin?

02:24 Speaker A

Yeah, let’s do that because Bitcoin has been bouncing. In fact, best day for Bitcoin in several weeks. And you’re going to take a look at this heat map we have for crypto and there’s a lot of dark green on here. That’s good. Number one, that means breadth. But let’s take a look at what Bitcoin is doing in particular.

02:38 Speaker A

That’s what it happened today. I want to go to a two-year chart because uh this isn’t that dissimilar from Intel because we’re talking about support and resistance. We got prior highs here that became, so this was a ceiling, this became a floor.

02:52 Speaker A

And my thesis has been, and by the way, that’s the $75,000 price level, is that we need to tag that or maybe even break it slightly before the bulls, the weak longs can get flushed there. So you got to flush out the weak players sometime before it can take off.

03:04 Speaker A

Now, it could just take off from here and that has happened in the past, but Bitcoin famous for its break out, false breakdowns and false breakouts. I think it needs to punch through 75 first. We’ll see. Nevertheless, like I said, I like the breadth in this uh heat map.

03:20 Speaker B

How about the Greenback?

03:21 Speaker A

Let’s do a little Dixie here because the Dixie, the US dollar Index has uh just punched above its 200 day moving average and it has done this before. So I wanted to show you a couple different possibilities of what’s happening here because uh let me see, this is, I need to dial this down to a two-year and I’m going to put on the 200 day moving average.

03:39 Speaker A

So you can see we are just climbing above the 200 day moving average. That could be bullish, but let me show you the three year because sometimes uh when the a stock or a an instrument that’s trading goes sideways, it just bounces above and below and you don’t see much there.

03:53 Speaker A

So, could be a repeat of that, but this could be the beginning of a rise for the US dollar Index. That would not be necessarily good for stocks and that would catch Wall Street off guard. So that’s a yellow warning flag right there.

04:02 Speaker B

All right, thank you.

04:02 Speaker A

Thank you.

04:03 Speaker B

Appreciate it.