Market is in a “chop chop” phase, prompting some traders to step back 1, 8. Retail shows fatigue and a bearish tilt, suggesting 2026 is a “good time to sell stocks” 3, 10.
Trading psychology emphasizes accepting losses as integral to the game, even after a -4% stop hit on $QCOM2, 4. Be at peace with the outcome pre-trade 4.
The $SPY’s $666 close ahead of Friday the 13th adds to ominous market vibes 9.
$HIMS is giving back recent gains, resting on its 50dma5. A retest of $20 is plausible if broader markets sour, though filling the $15 gap is unlikely 5.
$TSLA shows a pattern of “fake breakdown” and “fake breakout” 6. The triangle is tightening alongside Bollinger Bands, indicating an imminent “volcano eruption” 6.
Energy Infrastructure: “Reconductoring” is a critical theme for US grid upgrades 11. Building new cross-state high-voltage power lines is a 10-15 year endeavor due to land acquisition and environmental reviews, despite DOE’s $1.9 billion SPARK program 11.
Commodities: Agricultural commodities are beginning to move, but the real rally is yet to come 12. Expect a surge as energy prices settle higher, mirroring metals’ performance 12.
AI’s Sociopolitical Impact: Alex Karp believes AI’s disruptive potential is widely underestimated, even in Silicon Valley 13. It will rebalance economic and political power, weakening highly-educated, Democrat-leaning groups while empowering the labor class and military 13.
Tech Industry / Adobe: Adobe’s CEO stepping down after 18 years coincides with AI redefining product categories, signaling a highly disruptive period for the company 14. This timing potentially highlights Michael Burry’s “magic touch” 14.