AI Stocks BULLISH Despite Tech Stocks Sell-Off!

05.31.24: Mary Ellen McGonagle, author of the MEM Edge Report, reviews the bullish close in the markets while highlighting areas to stay away from. She also shares why AI related areas of Tech remain positive and what drove the Retail sector into a new uptrend. The potential downtrend reversal in Energy stocks was also discussed.
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00:00 - Welcome!
01:28 - S&P 500 ($SPX)
02:57 - Sectors: Industrials (XLI), Discretionary (XLY), Healthcare (XLV)
03:56 - Technology (XLK), Energy (XLE), Financials (XLF)
06:28 - ETFs: Semiconductors (SOXX), Russell 2000 (IWM)
08:28 - Tech-Software ETF (IGV), Homebuilders (XHB)
09:07 - 10-Year Treasury Yield ($TNX), Volatility Index ($VIX)
10:42 - Nvidia (NVDA) 5-Day MA and Weekly Chart
13:00 - Salesforce (CRM), Ulta Beauty (ULTA)
15:32 - Volume Gainers: Burlington Stores (BURL), Gap (GPS)
16:58 - Workday (WDAY), c3.ai (AI), NetApp (NTAP)
19:02 - Starbucks (SBUX), Boeing (BA), McDonalds (MCD)
20:10 - US Oil & Gas Explr. & Prod. (IEO), Devon Energy (DVN), Diamondback Energy (FANG)
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🤑 Get the Full Scoop With a Trial Offer of Mary Ellen's Weekly MEM Edge Report Here: www.simplertrading.com/join/report/ 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj

[@markhines]

Always respect your perspective.

[@dependra7]

Thank you! I look forward to your views on the market every week.

[@IOSALive]

StockCharts TV, Subscribed because your videos are always awesome!

[@StockChartsTV]

Welcome aboard!

[@NeilSkene]

Thanks, Mary Ellen. Always very helpful.

[@mehrdadmithra9591]

Thank you ,very good update for this week.

[@thillai69]

I like your Chart reading approach. I never miss your contents

[@duhhawaiian]

😂Mary Ellen. Love you!

[@SarkisKlinik]

Very professional analysis . Hope you do daily videos on KZbin.Thanks

[@simpiwemaqwara2184]

Many thanks Mary

[@paretous_x7044]

thank you Mary Ellen - great video as usual. I also think next week's ECB's interest rate decision will be a catalyst for US Market .. we'll see.

[@emanuelcollado1343]

Awesome 👌

[@wread1982]

Thank you 😊

[@neilweston7605]

really itis tax on interest rates.

[@neilweston7605]

how much it costs to collects 0.002 of a cents as a%,neer happens.?

[@neilweston7605]

ok

[@tanleproe]

After the stock split, retail investors will buy Nvidia. I'll be watching it