Thursday 6/1/2023

high volume semi day #2

Intro

Wednesday

SPY massive volume. Almost always selling.

QQQ massive volume. Almost always selling

Macro stock trend is flat. Neutral.

Realtime prints high volume semiconductors. Time to trail up stops and take profits on those guys. High volume megacaps also.

Close prints high volume semi’s and megacaps. Drawing high volume trade box.

What is next? End of the month is done. Typically what happens next is that the market slips under the prints and then falls. I really hate making any kind of short term prediction though. They could hang around here a while and pop up the market a few times. Longer timeframe, I think they start dropping the indexes soon. The boys at mission control need to dump all the semi’s at the highs first.

Thursday

Folks, I’m a bit under the weather, so tonight’s update will include all the prints but somewhat short.

SPY PRINTS

Equal trades at lows and highs. Neutral.