Professor Bierman here…
Advanced Micro Devices… was taken hostage TODAY! Who by? Algos - that’s who!
Those wretched little rascals who quietly run today’s stock market, like Al Capone ruled the streets of Chicago. This my friends… is what MONEY looks like in today’s machine-run markets. You had the potential to ride an absolute algo-created water slide… to a half-hour worth of windfalls.
Here’s the blow-by-blow of what happened:
A lot of people think AMD shares are under pressure because Nvidia has their number. Nvidia put on a stellar presentation at the GTC Conference that put the screws to AMD and their own attempt at chip domination. In their silicon-powered wisdom, the algos sniffed out the order flow. They saw there were heavy AMD sellers and precious few buyers.
So once they’d sniffed out the flow like a rabid hound dog, they piled on to the sell side, because they didn’t see any buyers until that lower support level…So they kept running it down and down… for HALF AN HOUR! Enough time to enjoy a full rerun of Seinfeld.
For the entirety of that period, they curated the fall-off-a-cliff channel you see above… a sheer drop that would have actually killed Roadrunner! So you would have been able to sell, sell, sell… trading WITH the algos… not against them…with almost no buy-side pressure whatsoever!
And that’s my role in this whole Man Vs. Machines adventure. I’m here to guide you, and sherpa you to avoid catastrophe… so you can move forward towards where the money is in today’s machine-infested markets. Because unless you know how algos operate… good luck.
So stay tuned.
Because I’ve got your back.
To your success,
Professor Jeff Bierman, CMT