Blue Skies or Dark Clouds?

Remains a bifurcated market in the sense that if you are in the right names, its a sunny day. In the wrong names and there are darker clouds and little progress. We remain in a “pause/corrective period” and we are monitoring this Recovery Rally closely. So far the rally has resulted in “chop”, the worse environment for position traders. On positive front, New Lows have starting to dry up on the rally attempt which is a positive sign and the strongest RS names are shining a light on themselves.

AMD Gap Up +9% after Investor Day. RKi Focus List Trade is +57.5%
GH was stopped out with small loss -4.5%
SNDK +4.2% on above average vol. Feel like there is “re-valuation” of the company at possibly the $50B range similar to valuations of like STX, WDC. We discussed this in Sundays FL Video. Short term, the stock is stretched and some sideways action or a few down days would be constructive.

SCHW which triggered B1 Monday was Up +1.6% today. Watching for B2 at $100.00

LYFT off to a good starte +10.8% but faded…Since it was up 15% intraday we can move our Stop up to Breakeven +3% ($22.95).

NBIS which we were knocked out at a loss has become a very interesting Chart. The poor ERx has the stock breaking the 50d/65ema, breaking $100 psychological level and the HVC from 9/9/25. Could this be a “shakeout” in the making as most traders have given up on the name? For aggressive trader’s, the recovery of the $100 level could be a starter small position with SL at 95.62
This is NOT investment advice.
Trade Well
J