I'm back from the land of no internet!
Time to get back to the charts!
First up the big coins bitcoin:native , ethereum:native and solana:So11111111111111111111111111111111111111112 !
$NVDA want people to buy their stock!
Looking from it the other way around, someone might want to sell the stock and needs buyers that are willing to pay for it even at all time high levels!
Dump after Ex-Dividend at the latest is likely! Let's see if the FOMO can hold it up or if I am right.
$MU $AMD $INTC $COIN the shorts are shorting!
Don't we love trading stocks?
Now keep an eye on the lower timeframes like the 1h to snatch another entry.
@HotdogsRus A monthly chart... hmmm from that perspective I would see something more like this. Wait for a double in the area lower. But again don't know anything about that coin, just based on what I see on the chart.
@HotdogsRus $AERO l would suspect wash trading going on, meaning it is currently manipulated, not touching this either.
Is there a reason you are interested in this one?
@HotdogsRus I WILL NOT TOUCH THIS COIN!
But because you asked nicely, my levels would be like this, right now I would wait for a breakup and retest. But in the current market conditions I think it is unlikely, unless there is someone behind this with the means to push it and create FOMO.
@HotdogsRus $TEL not available to trade, only some Spot listings. Low Volume. I'm not a fundamental expert, I'm a trader, so this one strikes out for my area of expertise. Moving on....
Time to hit the charts!
What coins are running hot right now?
Combining two passions of being a trader and dancer! Naturally Salsa Music is a must while doing technical analysis! 💃
Funny how the number of 23% really fit's another post I just shared.
Should not be news to you though! I've said it for weeks already... now let's see what will happen today.
Semiconductor stocks have never been bigger:
The Semiconductor Index, $SOX, now accounts for a record 23% of the S&P 500’s market cap.
This percentage has DOUBLED over the last 2 years.
This comes as the index has rallied +146% over this period, outperforming the S&P 500’s gain of +43%.
The index has also finished positive in 24 of the last 28 trading days, surging +65% over this period.
As a result, $SOX is now trading +60% above its 200-day moving average, the largest divergence since March 2000, when it was +110%.
Momentum in chip stocks is accelerating.
Market breadth is deteriorating:
Only 22% of stocks in the S&P 500 have outperformed the index over the last 30 days, the 3rd-lowest reading since 1996.
This is down from 65% recorded in February, the highest percentage in 8 months and less than half of the long-term average of 50%.
Over the last 30 years, there have been only 2 brief periods when market breadth was weaker, in 2024 and 2025.
This comes as the Magnificent 7 now accounts for a near-record 35% of the S&P 500’s market cap, while the top 10% account for ~40%, also shy of an all-time high.
As a result, Information Technology and Communication Services sectors represent 46% of the S&P 500’s market value.
Big tech is all that matters.