20th December 2024

**Current Themes on Watch**

AI Biotech (ARKG, RXRX, PRME etc) Again, still trades within a range and testing key weekly support, ideally this now breaks and flushes further. Still nothing to do here.

Robotics (OUST, SYM, TESLA, SERV etc) Again the thesis has not changed and names continue to pullback, again nothing to do here.

Space (RDW, RKLB) Healthy price action and building a nice range but still nothing to do here.

Energy (XLE, Natural Gas, Coal, Oil, Plug) Finally capitulated with XLE putting in one of it’s biggest losing streaks ever. Historically, par covid, this has resulted in aggressive returns (bounces). With buffet buying more OXY yesterday we may start to see some catalysts turn this on a dime.

**Current Leading Names** 

SMWB, GRRR, OKLO, ATAT, ZK

**Names on watch for new entry or add** 

$ATAT – Add on a break of $29.30

**Names to research:** 

IBG – New beverage IPO that looks interesting, need to research their brands, management etc.

CRC – Apparently they are ahead of OXY in carbon capture, not sure if true but worth checking out.

** Daily Brief**

QUBT, RGTI, QBTS lovely stuffs, which were well overdue. This should be the top in most of these names for some time. Other aggressive small cap movers like NVTS, BBAI etc also stuffed aggressively, exactly what we wanted to see.

XLE is setting a record sell off even with Natural Gas doubling from recent lows and Oil hovering around $70/barrel. Pretty wild times for this sector just as it looked to be breaking out. In my opinion this presents some great R/R opportunity at these levels and I’ll continue to buy in my passive income account. Minerals, Steel etc are all behaving just as poorly.

RXRX, NTLA, PRME, CRSP all nasty weeklies yet they’re not over-extended yet. The sector has been painful to investors for years and actually worse than China stocks. Another sell-off here is likely to push it all into capitulation and margin calls, at which point we’ll buy. If this does not happen then we’ll wait for things to reclaim, build a base and we’ll buy the breakout; no in-between.

MELI, NU and other Latin America stocks are getting hit hard, MELI has been the darling child of that region for some time. Again, continued sell off is welcomed just not sure we get it. The multiples are still not “cheap” so no reason for me to step in yet.

China (KWEB) is now down 5% (3ADR) from the Stimulus announcement, anybody and everybody who bought that event is deeply red. I am of the opinion that the next “event” will not be trusted and will likely get shorted by everybody who’s been burned through the years. Which means it’ll likely work this time around 😂.

Given everything that has taken place, I find it incredible that both ATAT and ZK still have charts like this.. Whether they collapse under the gravity of the market is yet to be seen, if not, these are beach balls under the water.

And that’s a wrap, I have no real intention of taking any new “trades” until the new year unless something exceptional appears. This will also be my last watchlist until the New Year. I’m working on a write-up of 2024, including some lessons learnt, tweaks I’ll be making to my strategy

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