Meta almost hit six percent on a Saturday setup — pay attention.
Meta almost hit six percent on a Saturday setup — pay attention. META up 5.97%, sitting at 669. Momentum. Nvidia up 4.03% at 210.96 — chips are leading. AMD up 2.04% at 557.89, following suit. That's three names in the same complex all pointing the same direction.
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Meta almost hit six percent on a Saturday setup — pay attention.
META up 5.97%, sitting at 669. Momentum. Nvidia up 4.03% at 210.96 — chips are leading. AMD up 2.04% at 557.89, following suit. That's three names in the same complex all pointing the same direction.
Now the other side. NFLX down 2.78% at 73.37 — weakest name in the session. ORCL off 2.48% at 140.64. INTC down 2.4% at 109.84 — Intel keeps bleeding. LLY down 2.33% at 1188.58, and UNH slides 1.64% to 424.62. Healthcare getting clipped while semis run.
Futures into the open: SPY plus 0.43%, QQQ plus 0.31%, DIA plus 0.30%. Small caps the outlier — IWM negative 0.42%. Big caps wanted, small caps don't. VIX at 15.03 — nobody's scared. Gold down 0.64%, risk appetite is the tone. Asian markets unavailable this session.
No earnings. No economic data. Clean tape.
The read: AI hardware complex is the only thing traders wanted to own. Everything else — healthcare, legacy tech, streaming — got sold into strength. That divergence is sharp and it's clean.
Numbers don't lie. People do. Trade accordingly.