mick (@mickcapital) header
mick (@mickcapital) profile picture

trading since 2019 | focused on asymmetric opportunities on the liquid momentum leaders and flowing with the market

Joined September 2023
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current charts of $QQQ $SPY beginning too look eerily similar to the false base breakouts to new highs that took place right before the -25% tariff correction last year
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also not a great look when one of the most promising groups (data center operation / miners) are all compromising their recent breakouts $APLD $HUT $IREN $WULF
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so far $APLD $HUT $IREN $WULF are still showing relative strength to $QQQ $SPY tennis ball action off of the faster moving averages
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the action on $CRWV over the past few days is extremely similar to the action during right before the 300%+ run in May/June '25 seems to be in its nature to gap up above the range and fade on day one then gap again and go on day two first image daily, second hourly
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$CRWV couldn't hold up the same way it did in 2025 stopped out n e x t !
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"trading doesn't make progress, good judgement makes progress" - @ForteCharts great interview as always! @RichardMoglen @TraderLion xitter.cf/RichardMoglen/status/2…
I just posted my excellent interview with @ForteCharts! He is the first scalper I've had on the podcast and took over 36,000 trades last year, returning 230% in the USIC. Watch here! 👇 youtu.be/oolGjLMLdzs
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the current correction in $QQQ is reminding me a lot of the one from late 2023 as both were modest pullbacks at -9% and -12% respectively & not sharp drops like '25 but more of a multi month sideways churn the 2023 correction set up opportunities like $NVDA $SMCI breakouts
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from Druckenmiller “...you sort of put some positions on; and then when the thesis starts to evolve, and people get on and you see the momentum start to change in your favor, then you really go for it. You pile into the trade.” only be a pig after the trade starts to work
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found this quote from @gfc4's study on Stan Druckenmiller really enlightening it helped me realize that when Stan "goes for the jugular" its only after he already has some cushion and the position is working in his favor, not at the start of the trade. triinv.com/druck
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in terms of seeking out relative strength after the gap down, $ALAB $CIFR $HUT are top of my list and will be my main watches going forward. remaining cautious, reducing risk, focusing on key strategic opportunities only until conditions improve.
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$RIVN finally starting to firm up out of its multi-year IPO base first by using the 50 day and then previous resistance as support based on the RS it has shown over the past months i could easily see this entering a longer term momentum phase / stage two uptrend
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$GEV reminds me a lot of $APP $PLTR in the beginning of 2025 where afterwards they lacked the same momentum behavior -in later part of stage two uptrend -on 3rd to 4th leg of the uptrend -gap up on big volume that closed strong -gap completely taken out by distribution day
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would love to hear what you think! @Jamilmuna
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2025 Jun 30 - coins/tokens hotter than AI? $HOOD if this speed up continues there a possibility of a parabolic short in the works. $BTC remains super tight, $MSTR breaking out before $BTC which has been rare post '22 bear market.
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week 27 focus list - $BTC via $MSTR BTC currently in a cup and handle and is getting super tight on the daily after a clean UR of the 50 day looking to play this via $MSTR as it has a higher ADR% and tends to go parabolic if the move is substantial
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current conditions are positive but choppy. select names have worked extremely well but the risk of getting chopped right now is very real. my plan is to trade less and stay super selective on A+ opportunities only.
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adding $BTC via $IBIT. best opportunity imo is coming from the cup and handle setup on $BTC. i already have exposure with $MSTR and would add more via $IBIT
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30 June - morning update: $TEM down ~4% after a $400M offering. likely out of play in the short term / rest of the week.
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$BE up ~13% on news that the senate extended tax credits to hydrogen industry by 2 years. $BE is currently gapping over a multi month base inside a multi year base. solid growth and in the data center / power generation themes. just need to see big volume premarket to be plaa
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