The timing on TSLA's drop is interesting considering the pay package uncertainy. Even with the broader selloff, that 5.21% move feels more event driven than macro. If the pay package gets resolved favorably, we could see a quick snapback.
The pullback feels sharp but not yet destructive. Markets are digesting stretched momentum while leadership narrows and risk appetite fades around the edges. Beneath the noise, structure still matters. SPY and QQQ holding above key moving averages keep this a controlled reset, not a breakdown.
AAPL holding green while the rest of the MAG 7 got hammered shows some real defensive strength. That 0.37% gain might seem small but it's hugly telling when NVDA is down nearly 4% and TSLA drops over 5%. The fact that it's outperforming while SPY and QQQ are both between their 8 and 21 day MAs suggests institutional money is treating it as a safe haven within tech. If the broader pullback continues, watching whether AAPL can hold that relative strength will be key.
The timing on TSLA's drop is interesting considering the pay package uncertainy. Even with the broader selloff, that 5.21% move feels more event driven than macro. If the pay package gets resolved favorably, we could see a quick snapback.
The pullback feels sharp but not yet destructive. Markets are digesting stretched momentum while leadership narrows and risk appetite fades around the edges. Beneath the noise, structure still matters. SPY and QQQ holding above key moving averages keep this a controlled reset, not a breakdown.
AAPL holding green while the rest of the MAG 7 got hammered shows some real defensive strength. That 0.37% gain might seem small but it's hugly telling when NVDA is down nearly 4% and TSLA drops over 5%. The fact that it's outperforming while SPY and QQQ are both between their 8 and 21 day MAs suggests institutional money is treating it as a safe haven within tech. If the broader pullback continues, watching whether AAPL can hold that relative strength will be key.
Great points @R L, @The Stock Market Curator, and @Robots and Chips. Thanks for commenting.