Image Source: PexelsDuring the after-hours session, far and away the most boring non-event was, ironically, the one everyone was watching: Amazon. The US Treasury market is about fifty times more exciting than this former dynamo, and you’ve got to feel sorry (well, not really……….) for all the goofballs who YOLO’d their way into aggressive short-dated options positions, hoping for some kind of home run. The only winners were the options SELLERS. 
Things are more encouraging over in AMD-land for the bears. I’m delighted to see semis start to get torched, even though I ditched my SMH position (although, in my defense, I have ON puts now).
In all, I’m just dizzy with delight that the powers that be have permitted the market to weaken for a few hours. The /NQ is a sick looking puppy, at least short-term.
Although I have no position, I am also thrilled to see SMCI get nuked, because I’ve always thought this was a beautiful setup. The range on this thing was bonkers: hundreds of dollars within an hour.
The daily chart of SMCI reveals what I’m talking about with respect to setup. This thing was absolutely destined to get obliterated, and I’d be very excited to see it cut below April’s lows and shock all the numb-nuts who thought they found a holy grail. Look out below!
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