The Edge Letter

After 1+ year funded with FTMO, I've now added funding with Campus Fund - and i didn't need to take a challenge. Huge thanks to @BerndSko @TobiasBockhorn & all of @TradingCampus_ . Your mentorship has taken my trading to a new level🙏 A quick word for struggling traders 🧵

By next Friday's close, we will know which side of that question wins the summer. If you want more analysis on the new shaping the market, checkout my Substack:@callumstubbins" target="_blank" rel="nofollow noopener">substack.com/@callumstubbins

Watch the small caps. If the Russell 2000 outperforms the Nasdaq across two consecutive weeks, the rotation is structural and the leadership change is complete. If small caps fade while Nvidia stabilises, the AI trade survives and Thursday was an anomaly.

The Dow just hit a fresh record close at 50,285. The Nasdaq barely moved. Nvidia fell 1.8% despite delivering the largest semiconductor beat in history with an $80bn buyback. What is the market trying to tell us? 🧵...

By Friday morning we will know which side of that question is winning and if you want more analysis checkout my Subatack: @callumstubbins" target="_blank" rel="nofollow noopener">substack.com/@callumstubbins

The cleanest tell over the next 48 hours: watch the Russell 2000. If small caps participate in any broader rally today, the rotation thesis is operative. If they fade while mega-caps catch a bid, this is still the same concentrated trade we have had since March.

Nvidia just delivered the biggest single-stock beat in market cap history, $80bn revenue, an $80bn buyback, dividend hike, demand "parabolic" per Jensen. And the stock slipped after-hours. How is that possible? 🧵...