Tim Knight Says the Rot Under the Market Is Real

The index was making lifetime highs this month, but Tim Knight says the rot under the surface is real: most stocks haven't done well this year, and only a handful of strong names have held the market up. He walks those few. Meta spiked on earnings then got wiped out the next morning, and could grind toward the low 500s. Tesla keeps getting repelled at Fibonacci resistance. Netflix sits near major support. And SpaceX is almost comic, a 150 magnet it can't escape. 📊 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 trend-line failure is universal 00:28 Record highs, but rot under the surface 01:03 Meta spikes on earnings, then plunges 01:58 Why Meta could grind to the low 500s 02:49 Tesla repelled at Fibonacci resistance 03:47 Netflix down half, near major support 04:50 The one stock he'd never short 05:10 SpaceX, the 150 magnet 05:56 The thrill faded right back to 150 06:05 A bearish tell in the space sector ETF #tastylive #timknight #tradingcharts #meta #tesla #netflix #spacex #marketbreadth #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.