Tati Trades 🐝

I read where institutional money is moving, in plain language. Weekly levels on 97 stocks from a scanner I built. 8 yrs trading. Not investment advice.

[Tati Trades 🐝 @tati_trades]

Where the money went this week, in plain language. Free, every week. My newsletter, link in bio. 🐝

[Tati Trades 🐝 @tati_trades]

Everyone's cheering the chip rebound. I checked who got the money.

Not Nvidia. Sector bounces, AMD +15%, Broadcom +13%, both through their weekly ceilings. Nvidia -9.7%, under the floor I had at 175.4.

The money came back to chips. It walked right past the leader.

I've seen this twice before. Once it was rotation and the leader caught up. Once the leader was the first thing smart money sold and the last thing the headlines noticed.

175.4 by Friday tells me which. My read: it doesn't get there. Tell me why I'm wrong. 🐝

[Tati Trades 🐝 @tati_trades]

https://t.co/eKdhXLUjl0

[Tati Trades 🐝 @tati_trades]

Two stock markets right now.

The S&P 500: down 3.4% in a month.

The median growth stock I track: down 19.5% from its 3-month high. 47 of 96 names are off more than 20%.

AI hardware fell 31% in a month. Healthcare rose 10%. Defensives rose 11%. The money moved, it didn't leave.

Today the S&P gained 2.4% with Nvidia down 4.6%, and 65.6% of the index is back above its 200-day average.

Either the leaders catch down or the laggards catch up. Three signposts for year-end, free, link in reply. 🐝

[Tati Trades 🐝 @tati_trades]

The full read, with the ten-year table and the three clouds in dollars, is in my newsletter. Free weekly edition: https://t.co/QyK4S0NCNn

[Tati Trades 🐝 @tati_trades]

$MSFT grew earnings per share 52% in two years.

One of those numbers is lying about the future, and the whole AI trade depends on which one.

I'm Tati. I read where institutional money is moving, in plain language 🧵 🐝

[Tati Trades 🐝 @tati_trades]

Every week I publish the levels I watch on 97 stocks, from a scanner I built and 8 years on the tape. Floors, lines, ceilings. I read, I don't give orders.

MSFT closed Friday at 530.6, one point under its line at 531.6. Ceiling 558.2. Floor 504.0.

[Tati Trades 🐝 @tati_trades]

The part nobody puts in a headline: Microsoft will spend the least of the three clouds in 2026, about $170B, and holds the biggest backlog, $677B.

Amazon spends $220B to defend $496B. Google Cloud doubled and added the most new dollars.

[Tati Trades 🐝 @tati_trades]

What's behind the gap: capex went from 8.4% of revenue to 34.9% in nine years. Depreciation nearly tripled in three. And the operating margin still rose every year since FY23, to 46.8%.

The machine budget is being paid by the people budget.