Full time day trader focused on long/short intraday/swing setups. This account is for my entertainment only and does not reflect my actual trading strategies.
@KobeissiLetter Was anyone really expecting any different? Had a feeling Vance was wasting his time being there. Now we likely see more threats from both sides into futures open, and then another taco into Wednesday. Round and round we go .. ๐๐คฆ๐ปโโ๏ธ
And the final tell. The money arrived all at once.
Semiconductor ETFs just took in the largest weekly inflow on record. A spike that dwarfs everything in the chart's history, including 2021 and 2022.
This is what tops are made of. Not weakness, euphoria. Record price, record volume, record buying, all in the same week.
O'Neil had a name for it: a climax top. The CAN SLIM playbook teaches that after a long advance, a stock or sector goes near-vertical on its heaviest volume ever, the biggest weekly gains of the entire run. That's not accumulation. That's the last buyer rushing in.
22% of the index. A 5-sigma momentum overshoot. A parabolic third leg. Record inflows.
History doesn't repeat. But it has shown us this exact picture before, and it rarely ends with another leg up.
When everyone is finally certain, there's no one left to buy.
@OddStockTrader I have high hopes for that one. Actually figured they would do a White Chicks 2 or A Haunted House 3 before another Scary Movie๐ค๐ฟ