Record Dow Highs Mask Another Dash for Trash (Honeywell Edition)

While the talking heads are crying wolf on AI valuation, and getting squeezed out of their semiconductor shorts again — $SOX ripped +6% off the lows in a midday reversal (Fast Money panic-buying semis, much?) — we were busy ringing the register after another rip-roaring, manic Monday. 

Declaring victory — nailed the recent setups. $FITE +3.27%, $XLC +1.81%. $QQQ 🚀🚀🚀
Ringing the register. Need time to regroup.#Happy4thOfJuly #CashRaise #SellTheRip

— Veteran Market Timer (@3Xtraders) June 29, 2026

Sell the rip continues to be the winning strategy in a market that whipsaws into another slightly higher high, only to have the run pulled every other day. "Buy and hold is dead." 

Latest victim of the industrial sector pump $HON Honeywell: Downturned triangle pattern - From breakout to fake out, followed by a  mid-day flash crash. Trading back below 2024 levels (ouch).   

 $HON chart is a perfect example of why I'm only 60% invested, and every 2% rally gets a hair trigger. 

Final breakdown on Industrials: Google, $CAT, $UNH all held the spotlight, as Honeywell flash crashed. 

Best Performer $SOX Semiconductors - They tried to take $SOX lower, and learned not to mess with the bull Rallying +6% off the lows of the session — that's why they call themselves "Fast Money." Panic buying! 😂

I saw a not-so-nice story floating around the internet about price fixing in S. Korea, which seems to lack one important thing — a single shred of evidence: 

Several RAM manufacturers have been sued in a class action lawsuit for allegedly fixing prices and restricting supply, resulting in increased price of memory across industries

[via Law360] pic.twitter.com/p1YR7dsUWA

— CharlieIntel (@charlieINTEL) June 29, 2026

And yet another negative story about Apple margins (creative!):  

Apple falls back below the Oct '25 high. $AAPL - Now the expensive memory story drops? 🤔 ⚡ ⛈️ pic.twitter.com/tV6f9hwC9N

— Veteran Market Timer (@3Xtraders) June 29, 2026

Sounds pretty dire right? Keep covering those shorts 😂

More Bull Market Highlights (sense the sarcasm) 

The Dash For Trash For Bottom Of the Barrel Losers Gains Steam  

Trading back at 2015 levels - Beware of the Strawberry Full Moon $BB Blackberry bulls pic.twitter.com/kFeAhLMlk3

— Veteran Market Timer (@3Xtraders) June 29, 2026

Click on the above thread to find other pump n dump fav $RBLX Roblox. 

Short squeeze targets also included Comcast, as well as a short squeeze in heavily pummeled $MSTR.   

Meanwhile: the $VIX is still lurking in the danger zone with the strong possibility of a final rebalance, ahead of Q2 earnings ahead — stay nimble.

Good Luck, and have a happy and safe 4th of July 

AA

P.S. MSM is more focused on Lisa Cook than the absurdity actually unfolding in the tape.

SCOTUS allows Lisa Cook to keep her job - for now. Financial MSM seen doing backwards somersaults in celebration of #FedIndependence #TheFed #Breaking

— Veteran Market Timer (@3Xtraders) June 29, 2026

P.P.S. Are the talking heads celebrating America's 250th anniversary? Not so much. 🐩💩 (final rant) 

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