Don here...
The S&P 500 gapped up this morning. Ticks hit positive 1,300. Financials ripped. Energy hit new highs. Everything screamed rally.
Then tech didn't show up.
Apple went flat. Nvidia went underwater. Broadcom barely moved. The NASDAQ went negative while the S&P was still green.
Financials and energy were carrying the entire market by themselves. That is a lead weight around the neck of any rally.
I spent the session trading both sides of this mess live.
I took a 0DTE call in the Russell, put on a bearish spread in utilities, and broke down why the expected move data is flashing a warning nobody is talking about.
If today's 0DTE action caught your attention, I'm hosting a free live training tomorrow at 1PM ET.
I'll break down the overnight window between 4PM and 9:30AM that most traders completely ignore.
And it's perfect for this type of volatile trading environment
Recent trades from that window hit +365% on TSLA and +236% on GOOGL.
I'll show you the setup step by step.
500 spots. Register here.
In today's free session replay, you'll discover:
- Why energy being up 40% on the year means somebody knew something months ago. Ships were moving from Venezuela to the Middle East since January. The insider trading conspiracy emails miss the real story. I walked through the timeline.
- The Nvidia question that exposes how fast your conviction disappears. At 200, everybody wanted to buy at 140. Now at 160, it's a coin flip. I showed how changing conditions rewire your decision-making in real time.
- What Palo Alto Networks' insider buy tells you about corporate panic. The stock was about to crack 140. I've sat in board meetings where the CEO tells directors to get out there and buy shares. It rarely saves anything.
- Why Michael Saylor cannot corner the Bitcoin market. One firm diluting shareholders to buy crypto is a rounding error in a market this deep. I broke down the futures volume and why large firms facing redemptions will sell no matter what he does.
Bonds stayed calm all morning. Financials held their highs.
The pressure is concentrated in tech. A face-ripping rally is still possible. But the $195 weekly expected move tells you this market is coiled, and something is about to give.
→ Watch the full session showing why tech's absence changes everything and how I positioned for what comes next
To your success,
Don Kaufman
Chief Market Strategist, TheoTRADE
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