dow +550. S&P green. nasdaq crawled back from -1% to green.
semis? red for the 7th straight day.
wall street dumped AI for $LLY and $HD today. even the market is out here buying weight loss shots and redoing the kitchen instead of dealing with its problems 💀
Rolled my $SPY 10/15 777/773 put spread → 10/19 773/768 for a net credit. More time, lower strikes, still bearish. Let's see if this market finally blinks.
BREAKING: Semiconductor stocks have now erased over -$2 trillion in market cap since October 6th.
If the Semiconductor ETF, $SOXX, closes red today, it will mark the sector's 8th-straight daily loss.
At its low today, the Semiconductor sector's losses hit -17% since October 5th.
The S&P 500 is seeing extreme volatility under its surface right now.
@KushPatil_ If that doesn't speak to where we are as a society than I don't know what does.
Sell first ask questions later, and if you're gonna trade, keep it light for now. 🤷♂️