The chip rally? Gone in a day.
$SOXX dropped 3% Tuesday after Monday's 6% bounce. Micron down 4.7%, Broadcom down 2%. S&P slipped 0.26%, Nasdaq fell 0.97%, Dow barely up.
People rotated into stuff like Home Depot. Oil fell 3% on news about the Strait of Hormuz traffic pick
I rarely sell covered calls on my long-term holdings.
But a few weeks back, when $AMZN was around $260 and $GOOGL near $400โฆ
I sold 10 CC contracts on $AMZN at $350 strike and 7 CC contracts on $GOOG at $560.
Both expiring 12/18 and way out of the money ๐ฅ๐ฐ
Hey everyone, listen up on what to do next week.
Everyoneโs watching $SPY and $QQQ.
But Iโm focused on $SMH and $DRAM.
Because the leaders hint at the truth before the main indexes do.
The AI hype is cooling since we got too stretched.
Semiconductor and memory leader
Trading rules are changing fast in 2026:
1. Markets move quicker now. A setup that once gave 20 minutes to enter is now gone in 4. Don't expect old timing to work.
2. No secret patterns left. Every winning setup shows up on YouTube within a month. The real edge isn't the p
PANW reported earnings yesterday but I stayed away. Implied volatility was terrible, especially on the lower strikes. And just look at how it played out ๐