SpaceX IPO Charts: Spotting The Institutional Trap

SpaceX opened up 22 percent today. Tim Knight asked for 1,000 shares. He got 48. He sold all of them immediately for about $1,300 and moved on. The forced buying from Russell and NASDAQ funds runs for two weeks. That exhausts itself right around the same time retail gets penalty-free selling. Tim does not expect $200 or $300. The IPO incentive is gone. You can only IPO once. Meanwhile everything else with a rocket engine is down: ASTS down 15 percent, LUNR down 13 percent. Virgin Galactic is giving back its absurd mistype rally. The broader market still has broken trend lines, price gaps, and overhead supply. Carvana completing a diamond top. Lennar down 4 percent after earnings. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom Preston's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 SpaceX up 22 percent on IPO day 1:03 Tim got 48 shares out of 1000. Already sold 2:07 The forced buying thesis and when it exhausts 3:23 Why $200 to $300 is not a sure thing 4:29 QQQ and XLK: trend lines still broken 5:56 Space proxies collapsing: ASTS down 15 percent 9:03 Virgin Galactic: the absurd mistype rally unwinds 10:56 Emerging markets and IWM small cap lifetime high 11:48 Gold right triangle: yesterday may be all it gets 12:46 Carvana diamond top Lennar DoorDash all working 14:32 SPY: broken trend line and overhead supply intact #SpaceXIPO #SPCX #TimKnight #tastylive #TradingCharts #SpaceStocks #Carvana #ShortSelling tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.