some interesting charts from  Eric Krull 1) how rare this uptrend is relative to most, 2) seasonal sell off coming, and 3) resistance above

AVAV - secty of defense says (after close yesterday) fast tracking drones. stock recently got taken down on the back of a secondary.

Matt: love the "Matt's Macro Vision" w echo sound effect - it's great. Nice REMX call. As to the exhaustion short, I bot a late Aug SPX 6200/6100 Put spread (on Monday bc I didn't notice until Sunday night), and no it's not going to perform as well as a clean SPY, or ES short, but totally painless, and good risk reward, considering the late entry. 

SRFM

https://www.tastylive.com/news-insights/why-palantir-buying-penny-stock-flying-car-startup? Why Is Palantir Buying Penny Stock in a Flying Car Startup? Stock in the flying car company SRFM trades at around $4.50 per share, up almost 150% in the last eight trading days. Palantir has slowly acquired 4 million shares of of the stock over the last two years.

CRDO - BAC raises PT to $120 from $100. This is one of 8 stocks that has triple digit sales and EPS growth last quarter w U/D volume >1.5

Starting to get into the range where the market can pull back.

OSCR -15% on heavy volume in after hours. Any news?

As you likely know, this was due to the Russell rebalance. Same type sell off in a bunch of other stocks, too, like GEV. Nice pop in the overnight, tonight, back above the 20EMA. Let's see if it is the same kind of shake out as on 6/5, or something more ominous. 

But is it TACO time?

beautiful, layered into this one. good work, Steve.

UBER poised

Nice work on that one, too, Steve. sold half into this morning pop.

nice work on that one Steve. sold half into that pop. 

AMD - not sure if i mentioned this previously, Recall that they bought XLNX (sister company Altera was bot by INTC, and then got sold to free up cash). XLNX makes FPGAs (Field Programmable Gate Arrays). this stuff will be v important at the enterprise level when AI gets implemented at the Edge. FPGA AI more important than GPUs for AMD imho.

CVNA - Chanos v negative in last bloomberg interview. said company has a scumbag in the C suite who had sketchy companies in the past. Half their earnings from booking full gains on sales of their subprime auto loans. Remember: this a used car company, trading at a 60 fwd P/E

booked a nice profit on that one. thanks!!

NICE!

LLY rejected from 200 SMA on daily, breaking down.

Iran says it wants to negotiate w Israel