📈 Market Resilience & Signal Interpretation

• Market shrugging off bad news is a major tell. When indices gap down on headlines (tariffs, Iran closing Strait of Hormuz) yet close green, that’s notable. NASDAQ’s action post-Trump press conference is a case in point. 1
• Never underestimate the market’s ability to shrug off bad news. That behavior itself is a signal. 2

🛰️ Space & High-Beta Theme

• Space is the strongest high-beta theme through the pullback. Trump leading with NASA going to the moon, plus SpaceX IPO chatter and Amazon potentially buying Globalstar — repeated action in this group is hard to ignore. 3

💹 Options Flow & IV Skew

• Calls are more expensive than puts right now. Call-side IV skew is wild — almost 50% more for a lot of calls. Tried to find a condor but the skew makes it tough. 4
• $SPY LEAP options (Jan 2028): calls pricing nearly double what puts are. On a 2-year horizon, options market still pricing WAY more upside than downside. If bears were offsides before, this is priced like the bulls are now. 5

📊 Technical Levels & Setups

• $QQQ this week: recent high 587.74, recent low 555.60. $SPY this week: high 658.52, low 629.28. Those are the levels I’m watching. 6
• $TSLA knifed through support. Numbers not good today, and the chart gets worse if it doesn’t stop here. 7
• $RKT daily: watching for a close over both 10ema and 21ma. Still own full here. 8
• Small-cap Tech now up 4 consecutive weeks. 9

⚡ Earnings to Watch

• $AEHR is the earnings to watch next week. 10

🧠 Bitcoin & Conviction

• The biggest believers in #Bitcoin are those who stare at the logo the longest. 11