🍔Our Best Stock in 2026 - MRVL
Chip stocks crashing but MRVL has tripled since April
Welcome back to MktContext where we study the US economy and time the stock market.
Current stock market timer: BULLISH
In our Apr 5 post, we recommended Marvell (MRVL) as a trade. At the time, the stock was breaking out of a cup-and-handle pattern with a positive news catalyst. From our entry price of $107, the stock tripled to over $320.
With the AI theme faltering and an ongoing rotation out of tech (as explained in the Paid section), the weekly chart now shows a large bearish engulfing candle. We took partial profits along the way up, and will now be exiting the remainder of the position.
Picking stocks in hot thematic sectors, with a recognizable technical pattern and a positive risk/reward ratio, can produce explosive results. Not all our trades will look like this, of course. This also demonstrates the importance of using trailing stops to capture as much upside as possible.
Just to show we’re not cherry-picking: In the same Apr 5th post, we also recommended CSX (+15%) and TJX (stopped out). More recent recommendations on SHY (levered), VSXY (+12%), DAVE (+20%), and short Gold (+8%) are also performing well.
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Chip stocks crashing
Bear market for Mag 7
Evidence of rotation
Economic data
Bitcoin down
Technical analysis
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