$S&P 500(.SPX)$ realized vol dispersion is at levels last seen during the Dot Com Bubble unwind. In other words, individual stocks are diverging wildly from the index itself.

Despite a historic Momentum crash in July… Momentum crowding is STILL in the 93rd %ile versus history. 🤯 $iShares MSCI USA Momentum Factor ETF(MTUM)$ $Roundhill Memory ETF(DRAM)$ $SanDisk Corp.(SNDK)$ $Applied Optoelectronics(AAOI)$

We called the $Philadelphia Semiconductor Index(SOX)$ breakdown weeks ago, and it just hit my first downside target. Here's what comes next... When it rains, it pours. The selling pressure is starting to accelerate this week. It started overnight in Korea, where the KOSPI crashed -11% in a single session. Samsung fell -13% and SK Hynix fell -15%. Then the US opened, and it was another bloodbath for AI stocks today. Semis fell -4.5% on the day. At its lows, SOX traded down to $10,799. That was my first downside target. 🎯🎯🎯 I called for a SOX move down to $10.6k-$10.8k ~3 weeks ago (7/7) in “Chip Wrecked” (-11% ago). Today, we tagged my $10.8k target (at lows). Week after week, we have given it to you straight. We told you last Tuesday’s bounce was N

Tuesday was the 11th time since 1999 that High Beta Momentum gained 7%+ while above its 200 DMA. 4 of those 11 have happened in 2026‼️ 3 came in early 2021. 3 came in early 2000.

Hedge funds have unloaded Tech stocks at a record pace over the past 8 weeks. In cumulative % terms, the recent HF Tech selling is the largest on record. $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Technology Select Sector SPDR Fund(XLK)$

We are about to enter the best seasonal period of the year for US stocks. Historically, the 1H of July is the best 2-week stretch on the calendar. The $NASDAQ 100(NDX)$has finished positive in 17 of the last 18 July’s.

We are witnessing 1 of the strongest earnings upgrade cycles EVER. $S&P 500(.SPX)$ forward estimates are being revised higher at the fastest rate in the last 16+ years. $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2606(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2606(NQmain)$ $Dow Jones(.DJI)$ $iShares Russell 2000 ETF(IWM)$ Many people seem to think a market top is imminent. But history says things c

Hedge funds dumped stocks at the fastest pace in 13 years in March. Faster than COVID. Faster than the 2022 Bear Market. Only March 2013 was worse. Only 11% of $S&P 500(.SPX)$ stocks are oversold right now. Still nowhere close to the levels we saw during Liberation Day, the 2022 Bear Market, COVID, or the Dec 2018 meltdown. No real washout yet. $E-mini S&P 500 - main 2606(ESmain)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2606(NQmain)$

Role Reversal. Software just had its best day vs. Semis since DeepSeek. $iShares Expanded Tech-Software Sector ETF(IGV)$ $VanEck Semiconductor ETF(SMH)$ Hedge funds are shorting Software stocks at a record pace. Short exposure to US Software is now at its HIGHEST level on record. Hedge funds are still increasing tech short exposure $Palantir Technologies Inc.(PLTR)$ $Oracle(ORCL)$ $Salesforce.com(CRM)$ $ServiceNow(NOW)$ For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trad

The Fwd P/E of the Tech sector is now at PAR with Consumer Staples. In other words, the market is now valuing Tech at the same multiple as boring/slow growth Staples companies. That has only happened 3 times in the last 7 years: COVID, the 2022 Bear Market, and Liberation Day. Retail investors have bought stocks at a record pace so far in 2026. The YTD demand from retail has been unprecedented. $S&P 500(.SPX)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

History always rhymes. Here's how some of the former 2025 AI leaders are holding up 👇 A LOT of carnage out there. $NuScale Power(SMR)$ $Rigetti Computing(RGTI)$ $Oklo Inc.(OKLO)$ $IONQ Inc.(IONQ)$ $Centrus(LEU)$ $Oracle(ORCL)$ $Robinhood(HOOD)$ $Astera Labs, Inc.(ALAB)$ $AppLovin Corporation(APP)$ $CoreWeave, Inc.(CRWV)$ $IREN Ltd(I

Historically, this is what you see in the final innings of Bull Markets. The speculative growth leaders are typically the first names to peak for the cycle. The Covid-QE cycle is a great example 👇 $Quantumscape Corp.(QS)$ $Skillz Inc(SKLZ)$ $Teladoc Health Inc.(TDOC)$ $Zoom(ZM)$ $Roku Inc(ROKU)$ $Lucid Group Inc(LCID)$ $SPAC and New Issue ETF(SPCX)$ $ARK Innovation ETF(ARKK)$ Same thing in the Dot Com Bubble era 👇👇 $t

Retail risk-taking is near extremes, with Citadel’s gauge in the 95th percentile. Momentum just saw its worst day since March 2020, a rare 6-sigma move. If Bitcoin follows past bear-cycle patterns, downside toward $40K or lower remains in play—pressuring $MSTR$, $COIN$, and ETH. Retail is all in. Citadel’s Retail Investor “Risk On/Off” Gauge is in the 95th percentile versus history. $S&P 500(.SPX)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ Today was the worst day for Momentum (-11.5%) since the March 2020 Covid Crash. 6 sigma move. Bitcoin is an asset that typically declines upwards of -70%+ during its Bear cycles. If this pattern holds, BTC could see