Creator of the 'Matrix Daily Edge' Author of 'Fractal Market Mastery' Contributor to 'Seeking Alpha' See pinned tweet for free trial / Substack
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The Matrix Daily Edge is published before each US session and outlines actionable ideas, directional bias, and important levels in the S&P500, commodities, crypto, and others. Free Trial - mailchi.mp/888cf8615120/free…
Now also on Substack - matrixdailyedge.substack.com
Micron (MU) has the right structure for a bottom. Not confirmed, yet, but could develop a reversal. Here's last week's chart calling for the entry at new lows.
and this
ANTHROPIC IPO REPORTEDLY ON TRACK FOR NOVEMBER
Anthropic is reportedly preparing to file its S-1 registration at 9 a.m. ET Monday, with an IPO potentially taking place November 19–20, according to Fox Business.
Semiconductor stocks moved higher following the report, reflecting improved sentiment toward AI-related equities.
The key takeaway: A successful Anthropic IPO could provide a major test of investor appetite for AI valuations amid growing concerns over infrastructure spending and financing costs.
Andrew McElroy retweeted
ANTHROPIC IPO REPORTEDLY ON TRACK FOR NOVEMBER
Anthropic is reportedly preparing to file its S-1 registration at 9 a.m. ET Monday, with an IPO potentially taking place November 19–20, according to Fox Business.
Semiconductor stocks moved higher following the report, reflecting improved sentiment toward AI-related equities.
The key takeaway: A successful Anthropic IPO could provide a major test of investor appetite for AI valuations amid growing concerns over infrastructure spending and financing costs.
semis should like that
BREAKING: Meta, $META, will raise up to $95 billion through a series of stock offerings in order to fund the development of AI.
The financing plan comes just days after Meta said it would spend up to $145 billion in CapEx this year.
Andrew McElroy retweeted
BREAKING: Meta, $META, will raise up to $95 billion through a series of stock offerings in order to fund the development of AI.
The financing plan comes just days after Meta said it would spend up to $145 billion in CapEx this year.
6 of the 11 sectors positive today. So when tech drops, so do yields and all the yield sensitive stocks rally.
Nasdaq (QQQ) view from earlier this week - bounced to 725ish target and should now be in a final capitulation.
Today's Daily Edge updates the long-term charts, proposes a path into the midterms, updates oil, QQQ and SOXX, and said this about today: "There should be a few swings in this range and the simple view says that the first leg up is complete at 7723 and a dip should set up a second leg to exceed it. The 7680s should really hold a downside spike at the open for that to play out"
matrixdailyedge.substack.com…
The week before Black Monday looked like the blue line on the above chart and close dead on the lows. Kinda gave a warning, no?
Interesting, but worth noting the SPX was down around 10% in the 3 days before, and it was below the 200sma. Last week, the SPX was down less than 2%
Today's Daily Edge compared today's set up to Monday's session - failed new high followed by a slow session. Free now on Substack - matrixdailyedge.substack.com…
Not gonna lie - yday was pretty painful. But this is X, so I'll ignore that and talk about how good today was. This is from today's Daily Edge: "Look for an undercut of 7693 to the 7670s and a recovery above to set up the usual Thursday bounce and Friday recovery. That should get to 7750ish"
SOXX Semiconductors down 8 days in a row, but only on bar 6 of a daily Demark exhaustion signal.
Gave me a nasty loss yesterday.
Today's Daily Edge looked at why this sell off is not about Wednesday's CPI, but about AI concerns and de-risking into the midterms.
