Stock Trends

These stocks aren't "correcting"

Good morning,

On my website, the summary for our Thursday Stock Trends report says “Individual equity coverage that highlights attractive long set-ups, stocks to avoid, and important market trends emerging from the bottom up.”

Well, for most of 2025, it has been an emphasis on the “attractive long set-ups”, but “stocks to avoid” has become increasingly important.

Correction bottoms can develop quickly, but as it stands now, it should be clear that we’re in one. However, today’s report will highlight some important stocks and industries that are suffering far more than a routine correction.

Some of those groups are:

• Crypto stocks

• Software

• Private equity

• Real estate

• HR companies

• and home improvement

We’ll also end with a few charts that still look attractive on the long side, Nvidia’s pre-market earnings reaction, and an important update on our Blue Chip Hot List.

Let’s get into it!

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Crypto weakness continues

Strategy down 66%, just recently completed its top

Not to beat a dead horse, but ya know… This horse is dead.

Long-term trend intact, but HOOD completes a small double-top

$121 and then the 50-day need to be recaptured.

Coinbase below the 200-day for the first time since May

That may not seem like a big deal. But when you zoom out, you can see this is looking like a pretty big false breakout above the IPO highs. And there isn’t really any support until closer to $220 👇

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Is software being disrupted by AI?