RGTI, RKLB, IONQ, SMR, CCJ, URA etc nice stall on all the leaders. It can also be a warning that the overall market wants to rest/pullback but one day of price action cannot confirm this.
What I will say, is, the majority of people find it hard to believe we just continue to grind higher for months or even years. I’ve felt this way since January 😂, which is why all I can do is remain laser focused and track where the consensus is.
NTLA has its data presentation tomorrow, this practically has no coverage from the market and so could be enough to get the sector moving or completely Destroy it, (Genomic sector that is). I highly doubt the results are priced in.
Space still looks good and RDW is still yet to have what I class as a fomo day, let alone 3-5 to sell into. So in the meantime I have to be prepared to sit through any pullbacks and sideways action.
$DRUG $GNPX etc showing that retail is willing to put on risk and chase these small movers. I frankly prefer to see such wild price action, other professional traders do not.
A few companies are starting to guide lower, such as SBUX and ENPH.
We have some big names reporting tonight such as TSLA, IBM, with Boeing and Coca Cola this am. I personally hope TSLA misses big, Ideally EV sales decline and guidance is lowered. For no other reason than I want to get long for the robotic theme yet need a better R/R to do so.
I am liking the IZRL etf, Israel innovation. It’s been consolidating since the start of the war and held up incredibly well.
Will check back closer to open and see if there’s anything else on watch.
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