‘Distribution’, On The Way Down

How long before talk of AI disappears completely from the media?

How long before everyone figures out there’s a new hand being dealt and no ‘dip’, in AI?

It’s possible we could be there now, but it’s not likely (not advice, not a recommendation).

The Media Minions

If you happen to sense something’s wrong and actually take your profits, you’re treated with disdain, link here.

Wow, just wow.

Next up, if you can actually think and suspect something’s wrong with the forecasts, then you’re a ‘Conspiracy Theorist’.

Another wow.

Just look at the picture in the link … notice anything wrong?

So, let’s leave the big-top clown-show and see what price action’s telling us.

Semiconductors SOXX, Daily

It’s early in the session (11:25 a.m., EST); this is how it looks.

As said, it’s early and anything can happen.

The market could suddenly decide to fill the gap, or that gap could be a ‘breakaway gap’, signaling probability for a persistent down move.

Positioning

Gap fill or not, I remain short this sector via SOXS, with Hard Stop,moved to SOXS 9.37 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279