$SMH $SOXX It’s been almost two months. How about now?

$SMH $SOXX How’s everyone doing?

$IGV $NOW $TEAM Follow RS. There were signs

Certainly wouldn’t be good if $QQQ lost its follow through day low from 8/4 Let’s see if that can hold today

Growth space is sketchy, no doubt. $SMH semis are a no go for me. If you’re looking for relative strength look at some software names $MDB $RBRK $TEAM even $NOW with an impressive day. Need to be selective

$SMH $SOXX We need action like 2022 in the semis/AI space. Too many boom and busters out there. We’ve had a relatively easy money environment the past 3 years. Let’s see who can manage risk

Yeah $SMH $SOXX

$SMH Last two days are distribution candles. Things can change, but saw so many "we are back" posts. Back to back days closing near the lows. Add on a rejection today of the 50MA. People focused on stocks that just went up 200-300%. Way too many community members out there.

$DDOG Earnings gap down last Thursday. Shakes out almost everyone. Everyone takes it off their watchlist, and now today a monster candle right back through the 50MA 🤔 In a leading group as well. Started a position today

Market's looking constructive. $IGV has some big earnings winners that is helping the group. Led by $MSFT. The semis can continue to churn and build bases and software can hold up tech. I'm liking what I see. Different market than April, so need better execution on your buys.

$SHOP Looking for sideways action or a little pullback into the ascending MAs. Want to see decreasing volume as the MAs catch up. Many other software names gapping up on earnings $NET $FROG $TEAM $TWLO. Would be looking for similar action. Could take 1-3 weeks. Into 10MA or 21EMA

Lots of things looking better. $MAGS continue to follow through helping the s&p500 knocking on the doorstep of all time highs. Even semis and AI trade look to be holding up with some nice moves from $NBIS $DELL $HPE. Cybersecurity and related software names $DDOG and $SNOW looking good with $DDOG earnings this week. Lots of other earnings this week so we’ll see how things go but things look better. Today was a day to try some spots

$MAGS save the day today

$DDOG It took off without me this morning, and then reversed and back red. Just shows you the type of market we’re in. Breakout buying is punished

Earnings next Thursday, but if $DDOG gives a spot today might take a stab

Can $MSFT earnings spark the rest of the $IGV outside of cybersecurity and give us some tradable setups?

$DRAM $SOXX $SNDK $MU Getting there

$SNDK This is what the denial stage of the cycle looks like