Watchlist for May 14th!! GET IN THE LIVE TRADING ITS BEEN $$$$$$
CPI came in hot yesterday. Market flushed hard. Semiconductors got smoked. Cracks in the armor everywhere.
One day later? Gapped up. Took out the highs. Like it never happened.
That's what bull markets do. You think it's cracking and then it just breaks out higher. Until the 9 EMA is violated, you give the benefit of the doubt to the bulls.
63 names on my watchlist right now. That tells you the market is on. MRVL had a textbook trend day. NBIS had an earnings blowout at 40 million shares. Space stocks are still holding strong while everything else whips around.
Two things to watch tomorrow: Trump is in China, and Cerebras — an AI chipmaker — IPOs at roughly $180. Oversubscribed IPOs tend to spike day one and fizzle for weeks. Could also suck liquidity from other names in the space.
Full watchlist and video breakdown:
CPI flush lasted one session. Until the 9 EMA breaks, we ride. 🐂
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Kunal Desai
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Watchlist for May 14th!! GET IN THE LIVE TRADING ITS BEEN $$$$$$
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