The AI-led momentum rally is stumbling through its worst unwind since 2022 as semi-conductors break technical trends and volume anomalies signal a potential peak.
Key Takeaways
- 1.Momentum is experiencing its most significant 2-day unwind since 2022, signaling a potential shift in the AI-led melt-up.
- 2.Semi-conductor indices (SOX/SMH) are breaking critical technical support levels, including trend lines and moving averages.
- 3.A rare volume anomaly where QQQ notional volume exceeds SPY by over $5Bn has historically signaled peaks in the semiconductor sector.
Table of Contents
- DeepSeek Blues
- MOMO carnage
- Momentum peaks
- Exposure
- SOX
- Distribution
- Violent
- Volume anomaly
- MACD in SOX
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Securities
SOXSMHQQQSPY
Themes
Momentum UnwindHedge Fund Positioning
Regions
North AmericaUnited States