When things are going well, you just have to let it ride. Momentum is a helluva drug!
I also jumped on board with a 1,000-share position to grab a quick five hundred in weekend money. I have to admit it was unnecessary churning, but it just feels like the market is on a very tight leash right now. I don’t dare carry the risk over the weekend.
Today, shortly before the close (around 10:50 PM and onwards), we saw interesting movements in hundreds of watchlist stocks, occurring almost at the exact same second. Many stocks rose or fell by several percentage points within a minute; some stayed up, some stayed down, and many saw-sawed violently up and down for the remaining 10 minutes.
A significant portion of these moves is likely related to a massive index rebalance, as for example, Russell 2000 stocks are mechanically bought and sold by the billions of dollars all at once—usually right at the end of the day—while new stocks are simultaneously added to or removed from the indices. Last year during the rebalance, it’s estimated that about $215 billion worth of shares changed hands in a short period. For me, the “lottery” hit reasonably well.
Here are my “summer trade stocks” into which I shifted positions during this week.
It’s a bit too difficult to say because so many stocks moved, but generalizing heavily, we might see a rise and rotation toward the end of the month into stocks that have declined significantly recently. I tried to pick a few of those (e.g., ZETA, ASTS, and RKLB).
Bloom Energy was down 18% today on high volume. I tried to sell myself, but it dropped too fast. Let’s look at it again on Monday.
Here are Jukka’s observations regarding the stock price performance of the Mag7 companies 
https://x.com/JukkaLepikko/status/2070564506724442395
The point of the tweet is that towards the end of the mid-term election years, money has historically rotated into healthcare, not technology. Real estate, on the other hand, has been the clearest loser.
https://x.com/asklivermore/status/2070714585469087923
How do these typically behave following such an exceptional day? In my case, ATAI’s volume yesterday was over 11x the average due to its inclusion in the Russell 2000 & 3000. It also jumped nicely in the final minutes. But do they usually drift back down by the amount of that jump in the following days, or does index inclusion provide some technical grounds to stay at a higher level?
(ATAI presumably also stayed in the green last week along with the rest of the psychedelic medicine sector, as another firm in the sector, DFTX, delivered tasty research results to investors and rose about 80% in a couple of days despite a 20% announced dilution)
I’m wondering about Incap’s bottom, but for some of these, the bottoming out feels quite right 
The S&P 500 YTD rascals; sometimes I notice that Sandvik is really on a tear 
https://x.com/anandchokshi19/status/2071279530476707866
As a shareholder, I humbly thank the Swedish state for granting permission to build Europe’s first REE mine in southern Sweden.
This brings hope for Europe’s security of supply and the green transition.
Smart is seeing a handsome rise. The reason is likely Lepikkö’s pump tweet.
Apparently, Biohit, which was on sale, also started a nice climb
And like this:
This pace is absolutely insane, wow. I’ll probably get some kind of summer ban for hyping this constantly, but what can I do when it keeps pulling at least +10% daily?
And immediately after +20%
This is some insane price action before the earnings! We saw the same parabolic move last time when the short fee spiked. I never imagined the share price could rise this much ahead of the results. Is there any other rational explanation for this climb besides a short squeeze? Is this some GME-style situation where an enthusiastic retail crowd is cornering professional biotech shorters?
I found the reason for Micron’s drop. You can trust the forum.
And
Properly bent over, I must admit.
Yeah, I understood, but here are a few stocks that, in boxing terms, have taken a beating for 12 rounds, whereas Micron has beaten the market for 11 rounds, knocked it to the floor in three rounds, and now in the final round took one punch to the face 
I wasn’t talking about long-term changes, but about today
Outokumpu down nearly -20% in a month.
Is increasing nickel production the reason behind this, or something else?
It feels like the market situation hasn’t reflected on the bottom line yet, so I don’t believe the cyclical peaks are occurring this spring/summer.
