I’ve been watching rocket stocks (basically anything to do with space transportation, since the public is dying to trade SpaceX but is settling for substitutes until the IPO). This tidbit caught my eye on this subject:

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I’ve been watching rocket stocks (basically anything to do with space transportation, since the public is dying to trade SpaceX but is settling for substitutes until the IPO). This tidbit caught my eye on this subject:

Well, the weaknesses and breaks we saw in semiconductors yesterday have been neutralized, at least for now, by blowout earnings from one overseas company: Taiwan Semiconductor. TSM has roared to lifetime highs yet again:

There are a variety of ETF products which are constructed from the elements of the FAANG tech stocks. One look at these should send shivers down bullish spines, as they are marvelous topping patterns (and account for a HUGE proportion of market value).

Over the past couple of decades, semiconductors have been the superstar of the equity world. I went through the twenty-five biggest components of the SMH (ETF for semiconductors) and plucked out the ones which seemed to be the most jaw-droppingly consistent in their performance (you’ll notice NVDA isn’t here, which has been pretty raspy for a half year now).

Before the market opened, Meta announced big deals with three nuclear energy providers (Oklo, Vistra, and TerraPower, which is private). I’ve put OKLO and VST below along with a related company, Nano Nuclear, all of which blasted higher. I wasn’t short any of this, mercifully, although I did short into strength for OKLO. I wanted to get into VST as well but, sadly, thinkorswim (my source for portfolio quotes) is still throwing out random garbage numbers for VST, which makes it impractical, so – – that’s the silliest reason ever for not taking a position, but that’s the truth!
