Tim Knight Says the AI Bubble Is Finally Crumbling, And So It Begins

After weeks of getting burned by rallies, Tim Knight finally gets his day. The Nasdaq is down a lusty 1,257 points, he says the AI trade is crumbling and the bubble is shrinking, and so it begins. The head-and-shoulders top on the S&P has failed its neckline and is selling off steadily. He admits he came in too light at 74% committed and scrambled to about 135%. His bottom line: valuations are still preposterous, and this is the start of shaving them down. 📊 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 Finishing up a gloriously red month 00:40 Came in way too light at 74% 01:30 Moved up to 135% committed 02:10 The Nasdaq down 1,257 points 02:50 The AI trade is crumbling 03:40 And so it begins 04:30 The head-and-shoulders on the S&P 05:20 The ideal path, 736 then a bounce 06:10 Trimming put options into the weekend 06:50 The Dow's own head and shoulders #tastylive #timknight #tradingcharts #nasdaq #aibubble #selloff #headandshoulders #bearish #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.