Market Update: Is a Deeper Selloff Coming?

Hundreds of billions in semiconductor value evaporated in hours, apparently off one off-hand remark. Tim Knight walks the move: a Broadcom executive said something to the effect that anyone investing in this stuff is a gambler, an echo of the old irrational-exuberance line, and the chips got smoked. But Tim is skeptical one person can swing that many names at once, and notes the market moves first, then the headline gets written to explain it. He's heavily short semis into it. 📊 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 A couple of core things that helped 00:05 Doffing the hat to the island reversal 00:33 Taking profits on a short, don't be greedy 01:25 KORU, the perfect head-and-shoulders 02:00 Lightening up into a green bar 03:35 The real split, the ES won't drop 04:00 The Nasdaq quietly breaking down 04:40 Semis driving it lower 05:35 The Broadcom remark that erased billions 06:30 Why he doubts one comment did it #tastylive #timknight #tradingcharts #broadcom #semiconductors #headandshoulders #shortselling #nasdaq #technicalanalysis #stockmarket 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.