I always graphically map the New Leaders in a New Rally Here is a good basket so far coming out. This rally keeps checking off the boxes......pullback at any time but many looking so strong. #stocks $qqq $spx $smh

In late Jan, I started to develop an historical precedent for SNDK using QCOM 1999. Here is Part 1 (on left) of that analysis......Today, I updated the precedent to see where we might be and how much might be left. See Part 2 below......certainly no guarantees but if we follow QCOM, there 'might' be a lot more left......sounds impossible, but the $500B Valuation is at $3430 which is the % range of the QCOM script to the Top. No doubt there will be very sharp pullbacks/drawdowns coming and it will test your psychology to the max. Know if you should book the gains and sleep well or if you can stomach trying to hold while giving back gains or hedge off the position up here. Still holding my SNDK, now a reduced 16% size from first buy $48. Have my climax top sell rules handy in case it completely blows off. #stocks $qqq $spy $SNDK $QCOM

Really solid first quarter 36% in select names and themes. And that was keeping position trades sized very conservatively, but there were some heavily sized intraday trades taken. Half of the gains came from select futures trades on ATR extremes ( /SI /NQ /CL ) so there is that component in the mix. Am noticing folks who generally don't short starting to short in the last few weeks. GUARD YOUR MINDSET for Optimism vs trying to pick up some crumbs on the downside imho. That said some shorts on really extended names with clear patterns and low risk entry are certainly a go, but when they finally get to the last of the leaders that has always been a sign you're nearing the end of a move vs the beginning. Watch for any stand out RS or key reversal candles / combos. Whatever stands up the best on Day 1 of a Rally Attempt will likely follow through before the FTD and accelerate on said FTD. If in a negative frame of mind when that occurs you may take a 20% gain when a 100-300% gain is in motion on what you bought. Stick to your PROCESS and Relentlessly hunt for your EDGE, and execute when you see it. Turns happen when everything is obvious and everybody is certain about an outcome. I'm getting excited though seeing stuff reset. And that comes from knowing my best trades come from deep corrections / bears on capitulation events. This time is from a position of strength so the ability to be more aggressive when the time is right is present. And that excites me. It may take another quarter... month... week... days... don't know. I'll be there though. If you see some RS let a monkey know!