Hedge Fund Factor Rotation & So Many Semi Shorts
From Live Trading Room (07.17.24)
In this short clip from Live Trading Room (07.17.24), I discuss recent significant shifts in market dynamics, specifically highlighting a rotation from growth to value stocks driven by small-cap rallies and hedge fund rebalancing pressures.
I note the strong performance of small caps and the resulting sell-off in major growth stocks due to hedge fund factor rotation, emphasizing my timely market calls and updates.
My note to EDGE/CLUB members:
– QQQ coming into my Friday lotto 179.19 now that 486.86 broke ;-)
– SPX 5575 is still my baseline bet: also said -2% is baseline bet so expecting 5505 by next week.
– NVDA already said short into "121 to start" with 116.60 key daily gap fill as next PT.
– SMCI formed bearish engulfing on wkly as did AMD #TSM formed evening star reversal on wkly with 172.21 PT
– ASML was fab short today given they had reason: big miss on earnings. Literally opened 978.58 and dropped to/thru 954.32 wkly support PT.
About my CLUB trading service
CLUB provides access to me and my team of professional macro & micro traders, analysts, and educators. CLUB is ideal for active Traders, Investors, and Institutions who want my best-of-breed market-timing calls across all asset classes and time frames, like chase, swing, and trend.
You get access to the Daily Live Trading Room with me, Slack Trading Desk with detailed analysis and trades, Custom Trade Support when you needed, and much more.
Get The Trade Before It Happens!
Sign up for CLUB today
My other services
EDGE for advanced traders and investors
CHASE for newer traders