**Current Themes on Watch**
AI Biotech (ARKG, RXRX, PRME etc) Still just dead charts and no base, RXRX remains extremely choppy with CRSP NTLA PRME etc dead in the water. CRSP is closer than most to real revenue and the market still does not care. Remains one watch yet no entry here.
Robotics (OUST, SYM, TESLA, SERV etc) Retail seem to love RR because of their fancy promos and glossy leaflets. As far as I can tell the company doesn’t actually do anything and management are a random firm in India. Please do take a look for yourselves and correct me if I’m wrong. SERV continues to be the pure play leader in this sector and my favourite robotic position.
Space (RDW, RKLB) Consolidated nicely and broke out, unfortunately missed the day of the entry.. Nothing I can do but wait for the weeklies to consolidate.
Energy (XLE, Natural Gas, Coal, Oil, Plug) If any of the current “themes” are to amount to anything, then the energy has to come from somewhere and quickly. Uranium will be too slow to pick it up, so the choices are very limited. The question is where and who will be the biggest beneficiaries.
**Current Leading Names**
PLTR, AMZN, PLTR, IONQ, RGTI, CEG, SERV
**Names on watch for new entry or add**
$ATAT – Add on a break of $29.30
**Names to research:**
RR – Are my initial findings correct?
** Daily Brief**
The market has experienced some of the worst breadth in years, yet SPY continues to consolidate at ATH, The MAG-7 continue to head higher with Tesla now in charge; some sectors like Quantum computing are going parabolic.
China now trades below the stimulus news entry, once again trapping a lot of bulls and creating even more distrust on the sector. They’ve done very little other than talk to the talk these past few months.
XLE (energy sector) is getting slaughtered with numerous holdings hitting extension levels. The price action appears to show a “exit at any cost” mindset, is this tax loss harvesting? Funds making their brochures (holdings) look a little more sexy for the next round of investors? Who knows.
However we do know it’s behaving as though there will be no AI advancements, Quantum computing, Space or anything for that matter. Maths does not lie, the sheer amount of energy required for these themes to actually play out is ludicrous. I’ve been waiting for hyper extension in XLE to get some exposure in my long term account, which happened yesterday. What I’m debating is the best way to play this for a trade. I will build a list of different energy sectors and populate said lists, I’ll then let the market tell me.
Tesla is set to gap up another 3% push it into extreme extension, RGTI gunning for a 1,000% move in 2 months, AAPL just drifting higher and higher and fartcoin nearly trades at $1b.
I’m currently waiting for new trades to appear and sitting comfy in current positions.
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