MrFlourish Stock Market Talk 6/7/2026
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MrFlourishTradingFloor.com
My take as to what's going on now not only very short term but going into all these major Massive IPO's over the next several months. We still may see some very short term weakness now since the windows to get in this week is still open for institutional investors and RETAIL across Fidelity, Schwab, Robinhood and a few other platforms to get into SpaceX until few days before the IPO. This is especially a drain when Retail is involved. Normally they (Retail) cannot get into IPO's but SpaceX thanks to ELON who created a path is the exception. They just started draining Semi's short term to position themselves in the SpaceX, Anthropic and Open AI IPO's. The Semi's remain high enough in momentum territory to resume upside once this short term drain is complete. I suspect we'll see similar quick dip sell offs as we approach each one of these massive IPO's (Anthropic, Open AI, Databricks ect....) We're likely to remain in the rollercoaster top to bottom, bottom to top Covid channel until major funds have completed their allocations.