This Week’s Trades And Webinar (The Cestrian Circle Newsletter)

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by Alex King, CEO, Cestrian Capital Research, Inc. 

Well, that was quite the week. Everything only-up until Friday, which was only-down, unless we’re talking software which finally broke out of the basing pattern it has put in these last few months. When stocks or ETFs move up and out of their high-volume, sideways-price-action accumulation phases, it is usually triggered by a “good news story” or event; it’s not really the story or the event that is causing the rise in the price, it is that bigs are done accumulating and want the little people to start buying too, thus to generate the free profits for their holdings.

Here’s what happened with $IGV, the software sector ETF, this week. A convincing move up into the Markup Zone, the ‘good news story’ being the Bill Ackman stakebuilding in $MSFT.

Semiconductor has been on fire since the Liberation Day lows last year. Software is now seeing capital rotate into it; I don’t think semiconductor collapses from here - if it even goes sideways or just drifts down a little, a recovery in software should be enough to push the indices higher.

We talked about this during Monday’s live, interactive real-time webinar for our Inner Circle members. The replay is available below, together with a summary of all the Cestrian staff personal account trades disclosed this week.

Inner Circle Webinar Replay - From Monday 11 May

Cestrian Staff Personal Account Trade Disclosures

Here’s the trades disclosed in real time to our Inner Circle members this week. There’s a lot of posts here but as you can see, a lot of it was moving stops to keep pace with the runaway market! $NVDL was the big winner of the week, $CRDO the worst loser.

Earlier trades in software stocks are starting to pay off. In our Slack Chat we flag those names that are running so that anyone who followed the disclosures with their own trades gets a heads-up to think about taking profits, or moving stops, or just doing nothing but having actually deciding to do nothing.

Solar investments are also beginning to work.

Thanks, And Have A Great Weekend!

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Cestrian Capital Research, Inc - 15 May 2026