This is a dead cat bounce today. CPI on Wednesday is the game changer event. I would be very cautious until CPI is released, as a hotter expected CPI likely guarantees a Fed rate hike this year.
The @unusual_whales flow agrees as the last 2 days of $PLTR options activity saw more net call premiums than the last 30 days combined now that other quality software stocks like $MSFT $NOW $SNOW $ORCL are also showing strong signs of the software trade roaring back to life
The Trump administration just committed $2 billion to quantum computing
How they're distributing the money:
• $IBM: $1 billion
• $GFS: $375 million
• $QBTS, $RGTI, and Infleqtion: ~$100 million each
• Diraq: $38 million
• And 3 private companies Atom Computing, PsiQuantum, Quantinuum
In return, the government is taking equity stakes in every company
BREAKING: Trump purchased up to $630,000 worth of Palantir, $PLTR, during the first three months of the year.
In March alone, Trump made at least seven purchases of Palantir totalling as much as $530,000.
A month later, Trump literally wrote on TruthSocial: “Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment."
What a surprise, positive Gamma Exposure across the board on $SPY. There's quite a bit of exposure at $745, with the MVC at $750. I expect support around $745 with a potential move to $750 today. I am not particularly interested in any downside, waiting for news out of China.
We are currently in a “once in a lifetime” AI super cycle…
Phase 1 was: (already gone)
Semiconductors ~ $NVDA, $AMD, $INTC, $ARM
Phase 2 is: (passing by now)
Memory ~ $MU, $SNDK, $WDC
Photonics ~ $AAOI, $AEHR, $LITE, $MRVL
The current phase is Neo Cloud/AI infrastructure:
$IREN, $NBIS, $CRWV, $CIFR, $APLD
Next wave (many will miss)
Rare Earths ~ $USAR, $MP, $UUUU, $FCX
Power & Cooling~ $VRT, $CEG, $OKLO, $OSS
Finally it all concludes with these 3 sectors:
Robotics ~ $TSLA, $PATH, $SERV
Space ~ $RKLB, $ASTS, $PL, $LUNR
Drones ~ $ONDS, $AVAV, $LMT
Many will make generational wealth from this AI super cycle over the next 7 months.
Save this to look back on later…
Riddle me this one
A US special forces solider gets arrested for allegedly 'insider trading' on the Maduro mission
Yet politicians continue trade stocks they oversee literally daily without even an investigation
Doesn't feel right
📊 $SPX update:
MVC at the $7,050 strike has now been hit, and price has pivoted sharply off that level.
We know from our analyst (@aaplbottomjeans), a ~54% pivot probability happens when MVC is reached, and so far, price has reacted with a strong rebound, now up roughly +30 points from the MVC zone.
BREAKING: US President Donald Trump has asked Congress to pass a rule banning insider trading from Congress during his State of the Union.
He wants to pass the Insider trading act without delay.
Says JD Vance will lead the war on fraud.
He added:
- ban investment firms from buying houses
- tariff revenue can replace income tax
- and that tech companies need to provide their own power needs for AI centers.
🚨 $HOOD Announces New Premium Services
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Tons of positive exposure overhead on $SPY. $696 is the MVC this morning. I could see a $696 reject as a potential play, but I am not interested in any sustained downside moves. We'll see how things progress, but mostly expect chop at these levels.