Randy Opper

Just a minor pullback last week and now I believe we have entered the parabolic phase starting today.

Time for some backing and filling of this amazing move up. This won't feel good but it was long overdue.

My list of leading stocks are still running but this morning I am reducing a few as we are getting extended.

What an amazing move for the market but today the absolute worst stocks are soaring which suggests some rest in the market will soon be needed.

A few of these leaders are just exceptional. I can already sense what the pullback will feel like. youtube.com/shorts/ZoFSp1k…

Hiding in leading stocks has been working - AAOI LITE MRVL SNDK TER SOLS GLW DELL STX continue to be very powerful stocks during a brutal market period.

I honestly cannot remember a bearish market condition with so many great looking charts. Hiding in a few leaders.

The only thing that works in this market is to hide in a few leaders and avoid everything else.

Sold the vast majority of all positions the last two days. Plenty of stocks are fine but the hot stocks need a rest.

The powerful turnaround in price action since Thursday has justified building multiple positions, and even (NVDA) could invalidate its downside target near $130 if the market continues to hold last week’s low.

It has been an exceptional oversold bounce in the market with many small cap weighted names showing strong action. The market now sits at a decision point. From here it will either shift into a breakout trending market if buyers step up or we will start to retrace lower again.

This bounce has been more powerful than I expected. While many of the AI and tech leaders still need plenty of work there is no shortage of good bases and patterns outside of that group.

A super oversold bounce in the market today which best in stocks like GRAL which was not part of the tech plunge.

The risk off signal from weeks ago was further confirmed today. It looks like a larger correction has now started but we will need more price action to know how far down we will go. A $50 decline in NVDA might be possible down to the $130 area.

I noted to move to higher levels of cash as the market was topping. The market had run a marathon from the April low and then accelerated higher in a last exhaustive push. It will take some time to setup again.

Poor breadth and a very extended market is a good reason for higher levels of cash at this juncture.