Big Moves, Little Follow Through, SPCX Madness… What Comes Next?
While the market had a huge move yesterday on global reconciliation news, there was little follow through today. Buy the dip, or sell the rumor? Let’s take a look.
While the market had a huge move yesterday on global reconciliation news, there was little follow through today. Buy the dip, or sell the rumor? Let’s take a look.
I’m buying APLD today because this ticker has experienced a fundamental shift after multiple bullish post-earnings gaps. This ticker historically rallies 6%+ during the pre-earnings time frame, and with 30% short float, it is setting up for a massive potential short squeeze.
The current market environment favors a day-trading approach with an upward bias, especially as large ranges and more neutral index structures create opportunities on shorter time frames.
The rally was impressive, but traders still need confirmation. I’m watching for /ES to reclaim key gamma levels, volatility to cool, and leading sectors like semiconductors to continue holding strength.