🚨Leopolds 13F is out now:

It’s obvious that data centers, AI and energy is still the theme here.

With AI Datacenters as the core theme:

He added to $IREN $KEEL $CLSK $APLD $CRWV

Stay patience. Know what you hold.

-BP

Not financial advice.Wall St Engine: Leopold’s Situational Awareness 13F is out.

New positions include $TE, $HIVE, $SHAZ, $INTC, $AMD, $SMH, $TSM, $MU, $GLW, $ASML and $NVDA

Added to $KEEL, $CLSK, $RIOT, $IREN, $APLD, $BTDR, $CRWV and $SNDK.

Trimmed $SEI, $CORZ and $BE.

Exited $COHR, $LBRT, $TSEM, $HUT, $LITE,

大户开始出货了吗？ 在本周虽然半导体录得创纪录上涨，但是 $SMH 却流出了23亿美元。

$SNDK 的parabolic move目前依然可以覆盖期权的IV，接下来我们要看到HV掉头向下，才会看到期权杠杆塌缩带来的 $SNDK 大回撤。

所以还得观察，可能要看到横盘几天才会回调。

The Kobeissi Letter: BREAKING: The semiconductor ETF, $SMH, posted -$2.3 billion in outflows in the week ending May 7th, the largest weekly outflow since the fund launched in 2011.

This follows +$1.5 billion in inflows in the preceding week, the 3rd-largest on record.

Previously, in April,

Software stocks today:

$NOW +5.7%
$DDOG +28.2%
$IGV +3.6%
$ADBE +2.8%
$MSFT +2.4%
$PLTR +2.7%
$MSFT +2.8%
$CRM +3.2%

Semiconductor stocks today:

$MU -3.8%
$SNDK -7.1%
$AAOI -14%
$INTC -2.8%
$ARM -10%
$AMD -3.7%
$SMH -1.9%

I think everyone is really waiting for a Semis to Software rotation, but I’m not sure we easily get one…

Do I think software is cheap? Yes. The software names like $PLTR $APP $DDOG also proved great earnings.

Are the semiconductor names overextended? I mean, look at the charts. However, their earnings have also been INCREDIBLE.

It doesn’t feel YET like the market can have $SMH and $IGV rally together, I think the only reason $IGV is up is because $SMH is down.

But if they were to rally together…it would probably be net new capital coming into the broader market vs people selling their semis to buy software or selling software to buy semis.

Just one day, likely need much more data to see if a rotation is happening…

Are you buying software over semis here? Rotating? Adding on dips?

"对冲基金正在快速止盈科技股“

其实市场在过去几周的快速上涨之后，短期回调是健康的，也几乎不可避免。如果接下来市场能进入几周的盘整阶段，反而可能为我们提供更好的入场机会。

我看到不少的半导体/科技股刚刚进入Stage 2上升阶段，这往往是做多盈亏比最好的位置。

我会格外留意这些股票。
$SOXX $SOXL $SMH $QQQ

The Kobeissi Letter: Hedge funds are taking profits on tech stocks:

Hedge funds posted their largest reduction in US information technology exposure since July 2024 last week.

This also marks the 3rd largest weekly exit from the sector in at least 5 years.

The move was driven by long sales

Most traders pick random stocks.

Pros follow the funnel:

1. Market direction
2. Sector strength
3. Stock momentum

$QQQ → $IGV → $NVDA
$SPY → $XLV → $LLY
$QQQ → $SMH → $AVGO

Alignment increases probability.

Trend → Trigger → Ride.

If you comment "MATRIX" I'll show you how I identify trending stocks before big moves.