Don's going live in a few minutes at 9:20am ET.
And the pre-market's already getting spicy.
Nasdaq futures are down 0.9%.
Chip stocks are getting hit hard.
Micron's down 5%. Nvidia, AMD, Broadcom... all bleeding.
Even Samsung's massive Q2 profit beat couldn't save them overseas. Their stock dropped 7% because apparently Wall Street's worried about future spending and demand.
Classic "sell the news" energy.
Meanwhile, the Dow's actually UP 87 points.
So we've got this weird rotation happening again...
Where money's flowing OUT of AI darlings and INTO... well, that's what Don's gonna break down.
Here's the setup:
The indexes just hit new highs yesterday. Dow crossed 53,000 for the first time ever.
Earnings are strong. Momentum's there.
But the bar's getting higher.
And when expectations run THIS hot, even good news can get punished if it's not "good enough."
Don's gonna walk through what he's seeing in the pre-market...
What levels matter today...
And where the opportunities are hiding while everyone else panics over chip stocks.
He's live at 9:20am ET.
Don't miss it.
— The TheoTrade Team