The Market Shakeout Is Here… Rotation Has Started (Position Updates & Stocks on Sale)
In today’s video:
- Bloody Friday in $SPY and $QQQ printing reversal candles at extended levels
- Sector rotation in play? Strength in $XLV $XLF $IYT $ITB while $SMH $QTUM $TAN are falling
- Position updates: $AMZN $GOOGL $HIMS $CRWV $WMT
- Watchlist: possible dip buying setups in $ORCL $MU $ARM $AMD $RKLB $AAPL and more
The Market Shakeout Is Here… Rotation Has Started (Position Updates & Stocks on Sale)
In today’s video:
- Bloody Friday in $SPY and $QQQ printing reversal candles at extended levels
- Sector rotation in play? Strength in $XLV $XLF $IYT $ITB while $SMH $QTUM $TAN are falling
- Position updates: $AMZN $GOOGL $HIMS $CRWV $WMT
- Watchlist: possible dip buying setups in $ORCL $MU $ARM $AMD $RKLB $AAPL and more
Weekend video is out. This week’s pullback could be the start of a broader market rotation, with money flowing into healthcare, financials, transports, and homebuilders while semis and tech cool off.
I also go over my current positions and highlight several names on my watchlist that could offer attractive dip-buying opportunities if weakness continues📉. $SPY $QQQ $IWM
The Market Shakeout Is Here… Rotation Has Started (Position Updates & Stocks on Sale)
In today’s video:
- Bloody Friday in $SPY and $QQQ printing reversal candles at extended levels
- Sector rotation in play? Strength in $XLV $XLF $IYT $ITB while $SMH $QTUM $TAN are falling
- Position updates: $AMZN $GOOGL $HIMS $CRWV $WMT
- Watchlist: possible dip buying setups in $ORCL $MU $ARM $AMD $RKLB $AAPL and more
When the market pulls back and you’re not 100% invested, it’s actually pretty refreshing
A year ago I’d be all in, no cash, multiple positions.
I’m still in some names right now — $AMZN $GOOGL $HIMS $CRWV $WMT — but after taking profits over the last 2 months, managing risk, and sizing down at these extended levels, I’m about 50/50 (50% cash, 50% invested)
Today’s pullback? Zero stress.
If I get stopped out, it is what it is. Better entry opportunities are coming
The Next Big Move: Software & Drone Stocks
In today’s video:
- Software stole the spotlight Friday
- Took profits in $IGV + $NOW
- Added $CRWV as a new entry
- Drone stocks heating up $UMAC $ONDS $RCAT
Position update $CRWV
Last 4 days have been red, tough stretch this week, but this is a volatile stock so I sized and positioned accordingly
$99 is a key support level around the 200 SMA
If we don’t see strength here, or if it breaks below, I’ll be exiting the trade.
When the market pulls back and you’re not 100% invested, it’s actually pretty refreshing
A year ago I’d be all in, no cash, multiple positions.
I’m still in some names right now — $AMZN $GOOGL $HIMS $CRWV $WMT — but after taking profits over the last 2 months, managing risk, and sizing down at these extended levels, I’m about 50/50 (50% cash, 50% invested)
Today’s pullback? Zero stress.
If I get stopped out, it is what it is. Better entry opportunities are coming
$BTC is sitting on its 200-week moving average after a sharp sell off
When you see companies like $ORCL or $MSFT hit long-term levels like this, people usually treat it as a “buy the dip / long-term value” zone
But Bitcoin? Feels like the reaction is totally different… maybe it’s the volatility, maybe it’s big holders like Saylor…
Right now the narrative is “crypto is dead”
All I know is the risk/reward here looks pretty interesting 🤔
$HOOD
Strong bounce off the 9 EMA today, closing +6%
20 SMA and 50 SMA are curling up, momentum looks like it's building
I think this one makes a quick move toward $100+
Took profits in $IONQ today
Market’s starting to feel a bit heavy, so I’m de-risking here. Still like the quantum space, just waiting on a deeper pullback before adding again
New entry $IONQ
Quantum has been hot and I want some exposure. Government deals/contracts around $IONQ are interesting, and the chart honestly looks like one of the best in the sector
Big move today up 10%+, so small size for now. An inside day tomorrow could give a better entry, but I’m fine sitting through some volatility
Loose stop under the 200-day MA, looking for a move back toward the highs
Trade idea $RDW
Nice remount of the 9 EMA today, up +14%
First real pullback since the breakout. I like the entry here and want some exposure to aerospace/defense. I’ll update if I get in 🫡
New Entry: $WMT
Good earnings, but the market sold the news
8 straight red candles, below the lower Bollinger Band, and stochastics in oversold territory. Price dipped under the 200-day MA but buyers showed up today with a strong reversal candle
A daily close here would be constructive for a move higher
On the weekly chart, price may be finding support at the 50-week MA
If $BTC follows the same path as the 2022 bear market, we could be looking at another year of choppy price action before the next major bullish phase begins around October 2027
$AVGO
-14% pre-market after earnings
$CRWD
-10% pre-market after earnings
Feels like the market is starting to shift. A lot of failed breakouts lately, and now we’re seeing stocks gap down on earnings
Choppy summer ahead?
New Entry: $WMT
Good earnings, but the market sold the news
8 straight red candles, below the lower Bollinger Band, and stochastics in oversold territory. Price dipped under the 200-day MA but buyers showed up today with a strong reversal candle
A daily close here would be constructive for a move higher
On the weekly chart, price may be finding support at the 50-week MA