Big Monday Watchlist. Will be a big range
Two weeks ago the AI trade was unstoppable. This week it broke. ๐Ÿ“‰
Everything that ripped Tuesday round-tripped by Thursday ($SOXL: +13% Tue โ†’ -28% on the week). But the real story isn't the drop โ€” it's that the STRUCTURE changed. The trend-trade (buy every dip) is over. This is a mean-reversion market now: buy the extreme lows, sell the extreme highs, no trend to bail you out.
The money rotated into healthcare with real catalysts (MRNA+33MRNA +33% on an FDA 9-0 vaccine vote). $RDDT is my top name (+23%, AI data-licensing story). And the beaten AI names ( MRNA+33MU $STX $WDC) are 1-2 day bounces off the 50-day โ€” NOT swings.
Full weekly game plan + the "break of highs โ‰  breakout" lesson: https://thebullsheet00.substack.com/p/ai-trade-broke-what-im-trading-instead
Question for the room: are you flipping to the mean-reversion playbook, or still buying dips like it's May? How are you adjusting? ๐Ÿ‘‡
1
0 comments
Kunal Desai
5
Big Monday Watchlist. Will be a big range
Bulls on Wall Street Trading
skool.com/bullsonwallstreetlearn2trade
Free trading community: follow the 7-Day Sprint, earn likes to level up, unlock courses faster with Fast Pass, and work toward our 60 Day Bootcamp.
Leaderboard (30-day)
Powered by