Tim Knight Says Tech Is at Record Highs While the Dow Quietly Breaks Down

Tim Knight walks a deeply split tape on the first day of Q4. Tech is ripping, with the XLK printing an intraday lifetime high, while the Dow, his biggest and favorite short via the Diamonds, just broke to a new multi-month low. The S&P sits in the middle, failing back below the 762 gap after it held as support earlier in the week. His word for it is bifurcated, a market where half the names are already falling while a handful of leaders hold the index up. 📊 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 An annoying but working market 00:41 The S&P fails the 762 gap 01:20 A bifurcated tape 01:56 Covered the Diamonds short 02:48 XLK at a lifetime high 03:05 Foreign markets and EFA 04:08 A victory lap on Mexico 05:05 Precious metals still vulnerable 07:20 Crypto finds strength 07:54 A handful of stocks do the work 08:40 The small shorts list 20:37 The monthly charts #tastylive #timknight #tradingcharts #bifurcatedmarket #nasdaq #dowjones #breadth #shortselling #technicalanalysis #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.