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Tim Knight's Island Reversal Call Played Out and Tech Just Cracked

NowPress play to follow along0:00 / 20:12
Chapters10 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

Market overview and failed bullish breakout

  • 30 positions, 28 down, 2 up 0.51 and 8%
  • Failed bullish breakout on spider chart
  • ES shows similar weakness
  • Bull market to lose, AI narrative dominates
2:10lesson

Revenue distortion and market sentiment

  • Anthropic revenue numbers exaggerated
  • Annualized revenue is a distortion
  • AI bubble is the only support for market
  • Private company news caused market panic
4:11lesson

Market performance and short positions

  • Diamonds up slightly, IWM weak
  • Short positions outperform market decline
  • Market down 1%, shorts up 1%
  • Socks chart shown, midline resistance
6:24lesson

Island reversal and failed breakouts

  • XLK island reversal confirmed
  • Failed bullish breakout on ENQ
  • Trend line broken, red bar significant
  • EM down 2%, EFA down fractionally
8:30lesson

Market trends and support levels

  • EM trend line broken, EFA down
  • KU down 13%, support level potential
  • China down slightly, precious metals up
  • Gold up $12, GDX up 1.2%
10:32lesson

Crude oil and energy sector analysis

  • Crude oil bottomed on Tuesday
  • Potential for higher crude oil in 6 weeks
  • XOP and XLE likely to rise with crude
  • XME down 0.5%, crude oil up
12:59MSTR· ticker

MSTR short position and market drop

  • MSTR down 1.13%, short position
  • Crypto market down $5,000 in days
  • Short MSTR with tight stop
  • SMH down over 3%, support level hit
15:20SMH· ticker

SMH short position and market performance

  • SMH down over 3%, support level hit
  • Applied Opto Electronics down 13%
  • AXT Inc. down 10%, Applied Materials down 2.6%
  • Micron down 5%, short position
17:51Tesla· ticker

Tesla short position and support level

  • Tesla down 1.25%, below red line
  • SpaceX uncertain, no position
  • Major support level around $150
  • Bonds up, utilities shorted
19:57lesson

Market wrap-up and long-term perspective

  • Nvidia down 3%, failed bullish breakout
  • Market wrap-up, long-term focus
  • Read a book, keep long-term in mind
  • Video ends, see you Friday

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