Well, some sectors are starting to get a bit Euphoric and the “Space Theme” is in full swing, with Quantum computing side by side.
Uranium still plows into ATH’s as people come to realise the need for a substantial increase in energy output.
One of my greatest strengths as a trader is predicting themes and how market participants will react to said themes. However the accuracy of timing varies greatly.
One that is not being discussed yet the fundamentals are starting to present, Is cure focused companies. I can already envision the headlines “Quantum & AI, are they humanities answer to curing cancer”.
Now, take the average investor, including fund managers. Is it plausible to believe that such advancements in technology have the potential to accelerate curative treatments. I reckon I could convince anybody within a 5 minute conversation that the answer is a resounding yes. The reason, there’s already ample evidence to support the claim.
It’s interesting to see XBI reclaim the weekly uptrend so quickly, especially given a lot of traders openly admitted defeat in the trade following RKFs appointment.
I do feel RXRX and similar names will be no indifferent to the Uranium, Space & Quantum theme. They are easy to understand, the TAM is huge (people love big TAMs) and the over-positioned trade is on the short side. Meaning, a huge short rally is not only plausible, but it would only be the start of the move.
Lastly but not least, a couple of charts I’m eyeing.
$PLL – Another lithium miner with an operational mine, beautiful weekly setup.
$XOM – Incredible weekly and monthly base.
$FLNC – Energy storage, teslas only real competitor on that front.
Final notes: I am fully aware of the euphoria taking place right now, whilst the market is extremely bullish a healthy pullback in multiple sectors would be just that, healthy.
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