Tim Knight makes a specific and memorable call: SpaceX is tracking the early Facebook playbook almost exactly. Back before the SpaceX IPO, the only stock he could find as an analogue was Facebook, now Meta, which had a hot few days, a brutal plunge, a long healing process, and then a sea change where it gapped higher and never looked back. So far he says SpaceX has followed that path spot on, including its recent escape from what he jokingly called 150 dollar incarceration, and he is long it.
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Chapters
00:00 Teasing out a bifurcated market
00:06 The Nasdaq is the powerhouse
00:25 Five green bars and a bull pattern
01:26 The S&P is close behind
01:30 The Dow's private bear market
02:29 What has to clear before a bear move
03:08 Long SpaceX, short-t...