The Market Has Sent A Warning
My new positions, the AI trade, SpaceX, what I expect from here, and more.
Today was one of the wildest -1% days in the Nasdaq we’ve seen in quite some time.
The market has been hit by a tsunami of headlines over the past week and the pace isn’t expected to slow as we head into the next week or so.
Corrections and pullbacks are normal in uptrends, they’re a prerequisite for a healthy bull market.
Stocks that lead the market higher over a period of many weeks or months need to eventually pause. It’s expected for the stocks that have exploded higher over the past 8 weeks to pullback, reset, or even build bases.
But is what we’re seeing a normal pullback? Or something more?
That’s the question market participants are asking themselves, and I think I have a good answer.
Volatility is ramping and it’s important to be prepared for what might be coming…
If you’re not already in the subscriber chat, I strongly suggest paying attention to it.
This is where I post all of my new trades as I enter them. I walk through the trade idea entirely including my thesis, risk level, cost basis, and more.
The chat is also where I post a daily thread with my thoughts on the day ahead, relevant headlines and macro events, my main focus names, notable upgrades and downgrades, and anything else I’m watching.
It’s basically become a live market group chat. We have a ton of smart people sharing ideas, setups, headlines, and observations throughout the day, and there’s a lot of genuine alpha in there.
I honestly think it might be one of the most (if not the most active) subscriber chats on Substack.
Come join us!
In the remainder of this article I’m going to discuss the positions I bought today, my biggest focus group showing major relative strength, what I think is driving this market, where I think we’re going from here, my bull + bear scenarios, where I need to see the Nasdaq and S&P 500 hold with charts, the SpaceX IPO, and more.
This is the craziest week we’ve had in a long time. It’s important to be prepared.