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Tim Knight Says Tech Is at Record Highs While the Dow Quietly Breaks Down
NowPress play to follow along0:00 / 26:19
Chapters27 segments · tap to seek
ticker lesson
Breakdown
0:00lesson
Market anticipation and election impact
- Midterms anticipation like 30 Super Bowls
- Trading paused until elections
- Anthropic IPO delayed due to chaos
- Market bifurcation between tech and others
2:10Diamonds· ticker
Diamonds — weak, new multi-month low
- Broken below price gap at 762
- Slipping lower over eight sessions
- Weak relative to strong cubes
- Covered position at good price
4:15XLK· ticker
XLK — lifetime high, tech strength
- XLK at lifetime high
- Intraday strength
- Tech sector strong
- Potential for further gains
6:33EFA· ticker
EFA — sinking, long-term trend line support
- Sinking since early August peak
- Found support at long-term trend line
- Still weak
- Buying pressure not enough
8:37EWY· ticker
EWY — horizontal, unexciting
- Boring, no movement
- Horizontal trend
- Semiconductor sector flat
- FXI down to price gap
10:52EW· ticker
EW — shorted due to symmetric triangle
- Shorted due to symmetric triangle failure
- Kissed broken trend line
- Down 2.28%
- Quick move to 60s
12:58GLD· ticker
GLD — resistance, vulnerable
- Still below trend line
- Resistance acting
- Potential move tomorrow
- Gold miners down 0.75%
15:08BTC· ticker
BTC — up quadruple digits, ABTC down
- Bitcoin up 1.5%
- ABTC down 9% with 9 red bars
- Crypto market mixed
- Avoiding long positions
17:11Newsmax· ticker
Newsmax — chartist appeal, expensive
- Chartist appeal but expensive
- Formed base but not breakout
- Market expensive
- Not recommended for long
19:23USO· ticker
USO — up 3%, oil reacting to news
- Oil up due to Middle East news
- USO up 3%
- XOP and XLE also up
- Equities not reacting
21:46BTU· ticker
BTU — bearish patterns, speculative
- Bearish patterns
- Speculative trade
- Stop set above
- Not down today
24:17CNC· ticker
CNC — down 1.6%, pink zone
- CNC down 1.6%
- Poking beneath pink zone
- Health sector working out
- Small short position
24:18HLT· ticker
HLT — head shoulders pattern
- Head shoulders pattern
- Pushed back into pattern
- Small short position
- Need breakdown below neckline
24:19Humana· ticker
Humana — down 1%, inching lower
- Humana down 1%
- Inching lower
- Health sector
- Small short position
24:20Carvana· ticker
Carvana — volatile, long days
- Carvana up after earlier decline
- Long days, short years
- Volatile movement
- Breaking down
24:21Lenar Elellen· ticker
Lenar Elellen — sinking, trend line
- Lenar Elellen sinking
- Trend line tagged
- Fundamental part wonders
- May scurry out
24:22Blue Owl· ticker
Blue Owl — down, fundamental part
- Blue Owl down
- Fundamental part wonders
- May scurry out
- Trend line tagged
24:23SG OV· ticker
SG OV — dividend drop, interest sensitive
- Dividend drop on SG OV
- Interest sensitive instruments
- Nominal price drop
- Data adjustment later
24:24small caps· ticker
Small caps — down, interest rates
- Small caps down
- Interest rates rising
- Diminishment in sensitive items
- Bonds may rally
24:25XLU· ticker
XLU — strong, dividend impact
- XLU strong despite dividend
- Potential for upside
- Dead cat bounce
- Bond rally expected
24:26Nike· ticker
Nike — down 80%, poor performance
- Nike down 80%
- Poor performance
- Priced at 2014 levels
- No position in it
24:27Micron· ticker
Micron — bullish engulfing, up 2%
- Micron bullish engulfing
- Up 2%
- Earnings report digestion
- Helping SMH
24:28NASDAQ composite· ticker
NASDAQ composite — monthly chart, rise
- NASDAQ composite peaked above lifetime highs
- Monthly chart, rise in September
- Contrast with Dow Jones
- September not down
24:29Dow 30 industrials· ticker
Dow 30 industrials — big drop, trend line failure
- Dow 30 industrials down
- Trend line failure
- Months of gains lost
- Major breakdown
24:30Russell 2000· ticker
Russell 2000 — bearish, trend line failure
- Russell 2000 bearish
- Trend line failure
- Shooting star in August
- Closing at lows
24:31Semiconductors· ticker
Semiconductors — uncertain, AI bubble impact
- Semiconductors uncertain
- AI bubble impact
- Recaptured August peak
- Sector petered out in June
24:32S&P 500· ticker
S&P 500 — indecisive, between camps
- S&P 500 indecisive
- Between tech and Dow
- Hanging out above trend line
- Fractured market
Informational only — this is tastylive’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.