Dell is up $100 post-earnings. Tim Knight shorted it at $425. SpaceX IPO is two weeks away. It's a Friday wrap.
Tim covers the full week: the overall market tired and flat at lifetime highs, the Dow finally catching up to tech, XLK's "most incredible fake out in human history," and South Korea (EWY) up 300% in just over a year. He also breaks down the cracks: XLP and XRT weak, AMD down, CBRS in freefall 40% from its IPO peak in a raging bull market, and Intel underperforming the entire semiconductor sector since May 11.
On the short side: Lumentum forming a head and shoulders top, Corning down every day this week, Bitcoin short reentered via BITI with a tight stop, and TLT puts added as bonds approach overhead supply.
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CHAPTERS:
0:00 Market Tired at Lif...