A little digestion might be in the cards.
This morning, the QQQ tapped the top of its daily Bollinger Band. I usually don’t give it much weight—unless we’ve just had a sharp short-term expansion like we have now. That’s when it matters.
The Semiconductor index also got above its upper Bollinger band today.
eToro $ETOR made a strong Nasdaq debut, opening at $69.69 after pricing its IPO at $52, raising nearly $310M and valuing the company at $5.6B. Shares surged as high as $74 intraday.
Big day tomorrow:
📊 8:30 AM – PPI, Retail Sales, Jobless Claims, Powell speaks
📈 4:30 PM – Fed Balance Sheet
Earnings before open: $BABA $WMT $DE $GAMB
After the close: $SPCE $AMAT $PRPO $BTBT $QUBT $TTWO $CAVA
After-Hours Movers
Foot Locker ($FL) spiked after hours on reports Dick’s Sporting Goods ($DKS) is nearing a $2.3B buyout deal.
CoreWeave ($CRWV) dropped up to 7% after execs projected $20–$23B in 2025 capex—well above Wall Street’s $18.3B estimate. The Nvidia-backed AI data center firm is going all-in on AI chip spend.
UnitedHealth ($UNH) just can’t catch a break.
📉 Shares plunged 18% on Tuesday after CEO Andrew Witty unexpectedly stepped down and the company pulled its 2025 forecast due to rising medical costs.
📉 Down another 8% after hours Wednesday on DOJ criminal probe into possible Medicare fraud (WSJ).
Notable Insider Buy:
Edward P. Garden just dropped a monster $65.6M on $MIDD — easily one of the biggest insider buys of the year. Bet big or go home.
Links that don’t suck:
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Trump’s crypto dinner cost VIP attendees an average of $4.8M (DC)
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Cantor Equity Partners scoops up $458M worth of BTC ahead of pending merger with Twenty One Capital (CD)
GET IN TOUCH:
Book a call, Calendly.
Actionable trade ideas are on X, in the private feed. Sign up HERE.
YouTube (tons of educational videos, many detailing my favorite scans).
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