$SPDR S&P 500 ETF Trust(SPY)$ There's a pattern worth paying attention to when it comes to the AI chip trade. Whenever it catches a strong intraday momentum move, the Mag 7 and a few other names tend to get hit as traders sell, short, and chase. It's repeated every time, so it looks like a quant-driven move.
That's almost money falling from the sky if you can stomach going against the intraday trend instead of following the crowd. I'm seeing dips in MSFT, BABA, META, CRM, and a few others.
Not sure why some find this hard to act on, but it's been a winning trade every time.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments