Stock market and technical analysis: Meta had a big bullish engulfing rally off a weak open and extended higher the next day. Tim Knight bought January puts right into it. Why? Because Meta has been making a clear series of lower lows and lower highs since the top, with violent cyclic rallies that all get sold. He does not imagine this one ends differently. Meanwhile SpaceX is grinding at lifetime lows and danger bells are ringing, because the insider selling is not even permitted until August 11. Plus semiconductor shorts across AMAT, Nokia, STM, AXTI, Marvell, WDC, and a new short in South Korea via EWY. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 ES range bound since early May, existential bear risk 00:44 SK Hynix IPO today: a marker for semiconductor froth 01:01 NQ at th...