ICU

FT Trader. Posts are my personal opinion. Not a buy/sell or financial advice. Educational purposes only. Trade at your own risk.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The semiconductor ETF, $SMH, posted -$2.3 billion in outflows in the week ending May 7th, the largest weekly outflow since the fund launched in 2011.

This follows +$1.5 billion in inflows in the preceding week, the 3rd-largest on record.

Previously, in April, semiconductor ETFs, $SMH and $SOXX, attracted +$4.7 billion in combined inflows, the largest monthly intake on record.

Meanwhile, the 3x leveraged long Semiconductor ETF, $SOXL, posted -$842 million in outflows in the week ending May 7th, its 5th consecutive weekly withdrawal.

Over this period, investors have withdrawn -$8.9 billion in total.

Retail investors are cashing-in massive profits on semiconductor stocks.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Berkshire Hathaway announces its cash balance is now up to a record $397 billion.

The company sold a net -$8.1 billion worth of stocks last quarter, marking its 14th-consecutive net quarterly sale.

[The Kobeissi Letter @KobeissiLetter]

PRESIDENT TRUMP JUST NOW:

"With a little more time, we can easily open the Hormuz Strait, take the oil, and make a fortune. It would be a ‘gusher’ for the world."

It's going to be an eventful weekend.

[ICU @Umesh_Mirani]

@Pricerrors Not showing on mine. $119 for me

[IC Options @ICoptionstrade]

$NVDA EARNINGS 🚨🚨
EPS $1.3 vs $1.26 expected
Revenue $57 Billion vs $55 billion expected

[ICU @Umesh_Mirani]

$AAPL

[Evan @StockMKTNewz]

Apple $AAPL today unveiled the iPhone Pocket

"Inspired by the concept of “a piece of cloth,” its singular 3D-knitted construction is designed to fit any iPhone as well as all pocketable items"

Apple is charging $149.95 for the short strap and $229.95 for the long strap design

[ICU @Umesh_Mirani]

Crazy

[Wall Street Mav @WallStreetMav]

How did we arrive at a point in this country where 25% of all tax revenue goes to just paying the interest in $37 trillion in govt debt?

Annually:
US govt total reveneue = about $5 trillion
US govt interest on debt = about $1.2 trillion

US govt spending = about $7 trillion

[ICU @Umesh_Mirani]

@ICoptionstrade

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Donald Trump’s memecoin, $TRUMP, crashes over -40% as Melania Trump launches her own memecoin.

This is beyond insane.

[ICU @Umesh_Mirani]

$SPY $QQQ

[ICU @Umesh_Mirani]

$SMCI

Seems to be basing. Like it as long as $510 holds. Below that no good. Intraday support at $530. Resistance at $580.

[ICU @Umesh_Mirani]

$QQQ

Barely holding on to 9ema. Almost filled the gap at $456.
Watch $449 and $446.5 as support. Resistance at $456.

[ICU @Umesh_Mirani]

$SPX

Like it as long as $5300 holds. Below that short it.
Busy week with CPI and PPI with fed speakers.

[ICU @Umesh_Mirani]

@Btrader00 Bidet

[ICU @Umesh_Mirani]

$SPY $QQQ Fear greed index

[ICU @Umesh_Mirani]

$SPX

$5330 needs to clear and we will see $5400 quick. Do we run or reject here like last few sessions?

[ICU @Umesh_Mirani]

$NVDA

Anything below $110 - sell the pop. Bull Above $110.

Seeing some next week's 100 Puts.

[ICU @Umesh_Mirani]

$SPX

Fake break above $100sma (brown line). Sell the bounce until we close above.

[ICU @Umesh_Mirani]

$QQQ

Close above $447 we go to $453 area. Tried today but failed to hold above. Below $446 chop.

[ICU @Umesh_Mirani]

$UPST

😄