It Hasn't Looked This Bad for the Bears in Months, and He's a Bear.

Tim Knight opens with a confession: it has not looked this bad for the bears in months. The market is pressing toward a lifetime high close, and he came into the day deliberately light, then trimmed further to around a third of normal exposure. The level he is fixed on is the top of the range the broad index has been stuck in since May, because a clean break would release months of pent-up energy. It is not all one way. He argues tech still has a fighting chance because it sits far below its highs with heavy overhead supply above it, and he thinks the weakness in crude looks more like a setup than the start of cheap gas. His largest position remains long-dated bearish exposure to China, he is skeptical of the story that one blown-up fund has cleared the decks, and he explains why covering into strength kept a bad day from being much worse. All views are his. 📊 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 The worst day for bears in months 00:52 Pressing toward a record close 01:38 The one line that decides it 03:29 Why cheap gas is not coming 05:14 A blown-up fund and the cleanup story 06:09 His main position is still China 07:12 Why tech still has a chance 07:58 Covering shorts and staying nimble 10:10 All eyes on tomorrow's big print #tastylive #timknight #stockmarket #shortselling #tradingcharts #crudeoil #chinastocks #semiconductors #sp500 #investing 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.