Tim Knight Says SpaceX Is Tracking the Facebook IPO Almost Exactly

Tim Knight makes a specific and memorable call: SpaceX is tracking the early Facebook playbook almost exactly. Back before the SpaceX IPO, the only stock he could find as an analogue was Facebook, now Meta, which had a hot few days, a brutal plunge, a long healing process, and then a sea change where it gapped higher and never looked back. So far he says SpaceX has followed that path spot on, including its recent escape from what he jokingly called 150 dollar incarceration, and he is long 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 Teasing out a bifurcated market 00:06 The Nasdaq is the powerhouse 00:25 Five green bars and a bull pattern 01:26 The S&P is close behind 01:30 The Dow's private bear market 02:29 What has to clear before a bear move 03:08 Long SpaceX, short-term cautious 03:54 The only analogue was Facebook 04:39 Why he expects a rough patch next 05:51 The lockup calendar 06:53 The euro and precious metals #tastylive #timknight #tradingcharts #spacex #facebook #meta #nasdaq #dowjones #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.