For many sectors of the market, like semiconductors, I suspect we are in the late or last stages of the bull run (for now!) and that consolidation is needed (not saying a crash is coming!). The final leg in a cycle has the potential to be the most rewarding. Many cycles have a “blow-off” top. However, the late stages are highly volatile and subject to profit-taking gaps making it harder to hold. Today is an example of that. For that reason, I’ve been largely sitting out. Many swing traders will go for the final leg, many will be hands off. There is no right answer. Just be aware of the trade-off!

It is hilarious how many retail traders are so excited for $SPCX and aping in on day one. It is already 2.1T market cap. How much do you really expect right now? You are just institutional exit liquidity. Sure, it can push 10%, 20%, 50% or maybe even 100%+, but like $HOOD $PLTR $CRCL $CRWV FaceBook IPOs, it will likely suffer the same fate. There will be opportunistic trading opportunities, but for most, wait 180 days. Then look to buy it.

Even with the massive hype around the SpaceX IPO opening at 10:00 AM ET, we are sticking to our 5-day minimum IPO base rule. I find very little edge in gambling on Day 1 volatility (too much random action), so we have zero plans to get involved today. Instead, we’ll be using the debut as a gauge to read broad market sentiment and liquidity flow. Don't allow the hype to override your trading rules! $SPCX