I don’t know.
Tax day is always a weird day to figure out. Last year people had to withdraw funds to pay 2024 taxes and as they did so the market weakened and then down it went in April.
This year, on tax day, all non profitable stocks in all sectors decided to take off while the rest of the market did nothing.
Two refineries in Australia are on fire. One reported multiple explosions. Refinery fires are pretty common and there are many each year but all of these things compound onto the problem the world already has. The US market is still just completely ignoring every day we fall more and more short on oil.
Allbirds took off today. It tripped ACC/Consolidation in January and recently had a massive volume spike that apparently no one paid attention to. It also has been running the EM channel for quite a while. The news was they sold their shoe business and are now a data center. Makes sense. I posted similarly implausible setups in chat earlier. I am sure this will be a contagious business correction after today’s action.
After-hours, Myseum Inc. announced it would be changing its name to Myseum.AI which of course caused it to jump. It too tripped ACC/Consolidation recently and was running just above the channel.
A press release only cost $400. Money very will spent.
Still waiting to see if any nuclear plays claim power generation before the July 4, 2026 deadline. Noticeably activity in these stocks today as they are all unprofitable.
— AJ
Event Horizon Tools
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