Friday, April 4 – Markets are collapsing across the board, with the S&P down nearly 5%, Russell 2000 off 6%, and semiconductors down over 7%, hitting the 50% retracement from the November 2023 low to the all-time high—though these aren’t support levels, just potential zones of interest. There’s no sign of buyers, and short setups have been working well if you waited for confirmation; I personally shorted, stopped out once, re-entered, and locked in gains using a two-minute stop. This is not a buy-the-dip market—it’s a sell-the-bounce environment, and if you’re still calling bottoms, you’re likely getting steamrolled. Biotechs remain the worst group, financials and semis are breaking key anchors, and stocks like Tesla, Palantir, and Nvidia continue to show weakness. Bonds are catching a bid, but with volatile gaps, they’re tricky too. Don’t listen to the “buy when there’s fear” crowd—this is a bearish trend, and only strength should be bought once confirmed. Until then, cash is a position.
