To The Moon

$VanEck Gold Miners ETF(GDX)$ $iShares Silver Trust(SLV)$ The rotation out of the domestic AI bubble in $SPDR S&P 500 ETF Trust(SPY)$  and $Invesco QQQ(QQQ)$  is moving into emerging markets, gold, silver, and BTC.X, and pushing them higher. The US AI bubble is cracking because there is no real AI race. China won because they have the infrastructure, and 65% of US companies have already migrated to Chinese AI models.

$Moderna, Inc.(MRNA)$  was the clear leader today, carrying the Healthcare/Biotech sector through a strong session. Tech was mostly in the red, though the Mag 7 held up reasonably well. $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$ 

$Invesco QQQ(QQQ)$  It's not even down 2%, but people are reacting like today was a flash crash.

$Amazon.com(AMZN)$ Looking at 262.5 calls here off VWAP for a 200% trade targeting 265. Price bounced off the 200ma on the hourly and the 20ma on the daily. $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$ 

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ 30,000 is the psychological support, then we bounce violently.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ With this guy at the helm, what could possibly go wrong? $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$  $Invesco QQQ(QQQ)$ 

$Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ Bears have been sitting in cash since the end of March. Funny stuff.

Sometimes it helps to step back and look at the bigger picture, like the weekly chart. I think $Invesco QQQ(QQQ)$  looks set up for a decent multi-week run from here. The pullback stopped last week, and this week confirmed it. Maybe that is it?

I've been looking at the $SELLAS Life Sciences Group Inc.(SLS)$  supply/demand setup and it's getting pretty extreme. Institutions are loading up — State Street with 12.99M shares, Vanguard with 9.67M shares. Open interest on options sits at 947.44K contracts. Meanwhile, reported short interest is at 55,280,869 shares, and borrowable shares are basically at zero again. Only about 9.4M warrants left, and it looks like long-term retail holders aren't letting go. Those 947K contracts represent significant notional share exposure, though actual dealer hedging depends on delta and positioning. The real question isn't whether every single share is literally gone — it's how small the actual liquid float is at this point. If institutions and retail ke

$Invesco QQQ(QQQ)$ That V-shaped reversal on Russell 2000 futures was something to watch. CPI came in inline and it ripped. I was close to buying near the bottom but didn't get filled.