SanDisk Rose 5,000% in a Year. Now It Is Down on a 500-Point Nasdaq Day

Stock market and technical analysis: just three stocks, Micron, SanDisk, and Western Digital, account for 25% of the entire S&P 500's gains this year, which Tim Knight calculates is 167 times their fair share. He is short all three. SanDisk rose 5,000% in a year and is now falling on a 500-point Nasdaq day, clearly breaking its trend line. Plus Tim turns bullish on crude oil now that the Iran war premium is gone, likes Rivian on its cycles, shorted GDX, and warns SpaceX could slip below 150 before the August lockup. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Back from the holiday, clear runway to Labor Day 00:30 The Dow at lifetime highs, Tim not touching it 01:35 EFA and China bouncing, QQQ range bound 03:33 Covered crypto shorts: no IBIT or MSTR position now 04:14 SMH broke its trend line, one recovery day changes nothing 05:27 Gold up $50 but the bearish right triangle holds 06:38 Shorted GDX at the distribution top 06:57 Crude oil turning bullish as the war premium fades 08:26 Rivian long idea working, watch for the next dip 10:27 Three stocks driving 25% of the S&P gains 11:48 SpaceX bearish engulfing, 150 is the line 12:29 StubHub, PACS, and Serve as bullish plays in an expensive market #tastylive #timknight #micron #sandisk #stockmarket #crudeoil #rivian #spacex #tradingcharts #shortselling tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.