(the dollar’s been digital for decades)
 
   
     
   
 
MAY 14, 2024
   
REVENGE OF THE SMITH
What’s Paper When It’s Backed by Nothing?
 

Some of the controversy around Bitcoin and other cryptocurrencies often centers on the fact that they only exist as a string of digital ones and zeroes and have nothing physical backing them.

But many are surprised to learn that the U.S. dollar has been predominantly digital for over four decades.

This transition happened long before the advent of blockchain technology… long before the internet… and even before the PC revolution.

And it reshaped our understanding of money in ways we’re just beginning to grasp fully…

— Geof Smith
 
 
Most Investors Are Not Even Aware…

But Wall Street institutions are piling into one specific defense stock.

Morgan Stanley alone owns $2.5 billion worth of this critical national defense related stock!

And now Jack Carter is set to pull back the curtain on this ticker that he believes could soon surge!

Click here to get all the details!
SCOTT WELSH’S TICKER TALES
Semiconductors Heating Up (KLAC)
 

Meme stocks are back and trading like it’s 2021 all over again.

Which means that anything that used to be hot has a chance to be hot again. 

Even if the company doesn’t deserve it.

After all, GME and AMC haven’t done anything to deserve the craziness they’re getting. 

That said, semiconductors are looking strong again. And KLAC fits that profile.

Here’s the chart:
 
 

KLAC was roaring to start the year and then pulled back to the 30-week moving average as tech fell off.

But a break above $729.15 could lead an all-new run for KLAC.

We’ll keep an eye on it.

Happy trading,
— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.