One Chinese model knocked 9% off the chips

Brandon here.

The futures market opens in just a few hours…You already know what happened this week.

On Friday the semis got hit again.

It had nothing to do with earnings or what Warsh said.

A Chinese startup called Moonshot dropped an open-source model that goes toe to toe with the top US labs, and that was enough.

One headline, and the whole sector repriced almost 9% lower on the week.

And that’s the thing about trading momentum stocks…

You can be dead right on a chip stock and still get run over by a catalyst that came out of nowhere. And the money that moves first always seems to be positioned before the rest of us ever see the news.

That's what the console hunts for.

The institutional footprints under the price, before the move shows up on your screen. Tomorrow at 2PM ET I'll walk the tape live and show you how it works.

We’ll see if this rotation has legs, if there’s more unwinding of the AI trade, and where the next winners or losers could come from.

Show me who's positioned first

Brandon Chapman, CMT

P.S. Same console flagged IREN before a 14% rip, with 22% of the float short. That's the hidden pressure I'm talking about. Live only, no replay.