Curious, do wash sale rules affect index options?  Primary reason I opened IB account was to trade futures which are completely protected from wash sale, and even gets some tax advantage of shifting part of the short term profits into long term tax rates which are lower.

50 MA's I truly believe will be hit by many of the tops you mentioned. That will equate to many billions of dry powder to then implement

look out below

Last Gap to fill around 520 area.Enjoy rest of  the weekend.

3 min psar buy signal resulted in $9 bump in 20 min.    Didn't take the trade b\c wasn't paying attention.  Will track AH more closely now

IF the market stays in this area or lower, Wed the margin calls will probably be hitting and really be ugly.

That could cause more volatility on Wednesday. My Naaim index usually bottoms when these funds drop to about 60 percent longs and we are 86.82 room there to fall.

I reviewed the charts for the top semis that make up SOX. MU is the biggest and has a nice gap to fill below, AMD, MRVL, INTC and AVGO. All seem to have room to drop further to fill some gaps and/or hit 50 ma's. Next week will be interesting especially seeing space x start trading on Friday. I am not taking longs again until some gaps fill or good reversal patterns develop. 

After all the new MRVL shares trade via move to S and P there will be a chance it fills the huge gap. 

Agree, but NVDA is chipping away at intel's chip business now with the arm chips for laptops. INTC needs to get its chip fab business up to par with tsmc because they are getting crushed by competition in chips. At least they could start building chips for USA companies to gain some of that market share.

AMD vs INTC

• The gap is enormous and widening. AMD wins on virtually every profitability metric. The only thing keeping INTCahead is legacy revenue scale — and AMD is erasing that fast.
• Debt is the elephant in the room.INTC carries $45B in debtvs. AMD's $3.2B— that's 14x more. With negative FCF most quarters, Intel has almost no room to invest aggressively while servicing that debt load.
• AMD's FCF is clean and positive($2.5B in Q1 2026 alone) — it can fund growth, buybacks, and R&D without stress. INTC burned $4.1B in the same quarter.
• INTC's gross margin volatility(swinging from 15% to 39%) reflects the brutal economics of running your own fabs. Until the foundry business matures, this will remain a drag.
• The analyst hold consensus on INTC is generous, honestly. The fundamentals relative to AMD suggest the market should be much more skeptical about Intel's recovery timeline.

And I guess I should say congrats to the SOXL shorters.

Away for the day on a getaway with my wife, so missed most of the carnage. I’ve never seem so many double digit percentage losers in a day. Quite the grenade that Anthropic threw into anything AI related.

Drop in fuel prices: The Bottom Line:Don't let the drop in crude prices fool you. The global economy is absorbing the shock of this war in cumulative waves. First came the initial oil panic; now comes the structural squeeze of expensive shipping, inflated diesel costs, and rising food prices. It’s a quiet economic drain that will persist long after the current military exchanges slow down.

Bitcoin

Yep. 240ish would be interesting spot for me

I would like to see it fill that gap early next week and it would be a better buy for sure long term,

$BPGDM - plunged to 7, potential MACD divergence if/when it bottoms. $USD is above the upper band

Did rally from 257 to 281 and then dropped back toabout 272.  Still BIG gap fill 220 to 250 area.