Tim Knight Says the Market Top Is Still in Place

Tim Knight returns for the afternoon with markets staging a massive green reversal that undid all of yesterday's selling. His read is that this is a retracement, not the all clear, and the market top is still in place. He notes he lightened up and took profits into the rip after a fast, sharp fall. The chart he is most focused on for next week is SpaceX, which reports its first ever earnings on Tuesday. Tim explains why the tiny public float makes its moves so exaggerated and why the bleeding may have stopped for now. He also flags rising bond yields and his Carvana puts. None of this is a trade recommendation. 📊 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 massive green reversal day 00:34 The S&P futures still range bound 02:33 Why Tim took profits and cut leverage 03:54 World markets at lifetime highs 05:15 SpaceX reports its first earnings 07:20 Why the tiny float exaggerates moves 08:05 The Fed reaction and rising yields 10:16 A housing short and a top pattern 10:51 The Nasdaq rally into resistance 13:02 Carvana Google and other shorts 15:14 All eyes on Apple and Amazon #tastylive #spacex #spacexearnings #timknight #tradingcharts #markettop #stockmarket #optionstrading #technicalanalysis #tastytrade 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.