Another Monday rally (retail mutual fund buying) bites the dust, as the smart money takes profits. I even warned folks to buy protection - at a discount - the $VIX 15.50 level. Low volatility in the summer is normal, but this just seemed a little too good to pass up.

Buying $VIX protection is getting cheaper, and with another Technical Tuesday, just around the corner - given the recent trend, it makes sense. Or just let it ride?😏
— Veteran Market Timer (@3Xtraders) July 6, 2026

We've seen this recurring setup many times - over the past several weeks - BUT I think it could be different this time. Because big money is piling back into big tech again, just as I have been predicting for weeks. How do I know this? They just handed us the script.

From Mike Wilson to Samsung Shock - Bloomberg Shrugs

US investors are waking up to find $NDX futures -1$, and Bloomberg wasted no time trying to pin the overnight weakness on Samsung (earnings disappointment). Calling BS on that.

A day earlier ahead of Monday's opening bell; Mike Wilson and a parade of other guests (all parroting the same message) spent the entire day telling viewers that semiconductors were due for a correction. Twelve hours later, Samsung posts a blow-out quarter… and the stock gets hammered. You can’t make this stuff up.

It took 15-20 minutes to cut through the noise - follow the thread and you'll find Samsung continues to bound off the same level for the past month - we call that building a base, "consolidation" not a 30% correction" (Mike Wilson's exact words).

The Samsung Chart Cuts Straight Through The Word Salad

Samsung shatters profit record with $58.4B Q2 earnings but Mike Wilson (Morgan Stanley) wants it at a better price. Shares pummeled overnight 😅 #AI #Trade https://t.co/xtKKBn6drM
— Veteran Market Timer (@3Xtraders) July 7, 2026

Now for the main course! According to the experts, money is expected to "rotate" back into big tech (what they now call hyperscalers), and this sets up for the return of the "broadening trade", which apparently ended when oil spiked. This was news to me; because according to CNBC the broadening trade is still working. This is what happens when you can't keep your story's strait. ProTip: Have some integrity - stop lying.

The trade they shook you out of last week (in hindsight) - not semis the other one

$MAGS - expect the same pullback I saw coming at yesterday's close, and then chase the smart money (so called) straight into earnings season, which just so happens to kick off next week.