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Supply of Stock Keeping a Lid on the Rally - The recent stock offerings and IPOs need to be absorbed. The appetite for these issues could be limited. I believe the market still has upside through July, but the gains will be hard fought... especially if there are more offerings.

Countdown To Lift-off - SpaceX IPO tomorrow. IPOs are casting a shadow over the market and the supply of stock is increasing. These are massive public offerings and they will keep a lid on the rally. Google did a capital raise for $85 billion last week and Oracle announced a $20 billion offering yesterday. SMCI said it will have to tap equity markets for $7 billion yesterday. This is not a healthy trend. I am still bullish, but less so. The market should be strong through July.

Retail Traders Excited By SpaceX IPO. Why Is the Market Is Down? youtu.be/LsjRjpfWoGc?si=aY-0… via @YouTube

I'm Still Bullish - The market has some nervous jitters to work off, but each day the odds of a bounce increase. The first hurdle is to close above the high from Monday. That is the midpoint of the long red candle from Friday. If it can do that, the market will rally above the EMA 8.

Odds of a bearish trend day in $SPY are high.

In my opinion it won't work. Too many people doing the same thing at the same time ruins the price. That is why large institutions have to scale in.

$HOOD is rolling out a feature that lets users delegate stock trades & Gold card spending tasks to AI agents within preset limits. What's your opinion on this?

If you were going to play the odds: - A wimpy drop during the day for the first move should set up a move at very least to the opening price and perhaps above it. - If the first move is up, that is more difficult to trade because you have to short a strong market.

This is a tough environment for day trading $SPY The closes are near the open and everything in between is chop.

Iran headlines are BACK Oil is pulling back and bonds ($TLT) are bouncing. The market keeps drifting higher on light volume. New video is live 🚨 youtube.com/watch?v=n6jB3r19…

Someday when they do open the Strait of Hormuz we will get a small little rally, but not a big one. That outcome is expected.

The market dip played out exactly as expected. Support held, the red candle was erased quickly. Buyers are still aggressive. New video is live 🚨 youtu.be/0dtqfb1Ed4g

Went Long $BB at $7.26. They used to call it "crackberry" It was one of the fastest growing cell phones on the market and it traded under symbol $RIMM It was a big deal when it posted earnings.

Should I add a Trump Tweet Indicator to Option Stalker Pro?

Thank you to all the brave men and women who have proudly served our great nation! HAPPY MEMORIAL DAY!

Take all of the gloomy market headlines, toss them all in a dumpster and light a match. Is the market in a strong up trend? Yes Was the dip brief and shallow? Yes Add to swing positions, we have price confirmation.

It also has it's bearish counterpart, ICECOLD. Have you tried it out?

REDHOT is a day trading scanner on Option Stalker Pro. Is is very restrictive but when something shows up on there, you know it's good. Today I took a trade on a stock I found there $ENPH. Long ENPH $59.87 at 12:00 Exit Long ENPH $60.87 for $1 gain at 12:08 It's that easy.

The market is finding support after a pullback this week, but keep in mind: WE ARE HEADING INTO A HOLIDAY There is no need to go gonzo here.

The Trump Administration is investing $2 billion in quantum computing companies and will receive equity stakes in return, per WSJ. These are some of the quantum tickers showing Relative Strenght to the $SPY. Are you trading any of these today?