Tim Knight: The Nasdaq Just Broke Support and the Selloff Is Here.

The selloff Tim Knight has been calling showed up fast, with the Nasdaq flipping from solidly green to sharply red inside the first hour and the NQ breaking support for the first time, back to early May levels. His bigger warning is what sits underneath: an AI trade he likens to a house of cards in the ionosphere, one wrong stumble from trouble. He points to circular financing in the space, including a report that a major chipmaker would backstop hundreds of billions for an AI data center buildout, plus semiconductors breaking down and SpaceX at fresh lows into earnings and its August lockup. He is not touching energy despite a crude failed breakout he thinks wants higher. All views are his. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Trusting the charts in the selloff 00:54 Crude oil's failed breakout 02:43 SpaceX at lifetime lows 05:25 The SpaceX and Meta analog 07:06 The Nasdaq breaks support 08:44 Semis break down 09:20 Nvidia, OpenAI and the house of cards 10:15 All green to all red #tastylive #timknight #ai #nvidia #nasdaq #tradingcharts #techselloff #spacex #semiconductors #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.