Futures are flat this morning as the market digests yesterday’s IBM bloodbath and hunts for the next rotation. I’m seeing early volume in some unexpected places — including a couple of micro-caps with actual DD behind them. Let’s get into it.

Market Setup: The Hangover from IBM

Yesterday was a reminder that even legacy tech giants aren’t immune to AI disruption. IBM dropped 13% — its worst day in decades — after Anthropic positioned Claude Code as a direct threat to Big Blue’s COBOL modernization business. The market’s message was loud and clear: if you’re charging enterprise premiums for legacy code maintenance, your moat is evaporating.

Futures are treading water as traders wait for the next catalyst. The VIX is relatively calm, which usually means the big money is repositioning quietly before the next move.

Buzz’s Watchlist for Wednesday

📊 AIRE — AI Meets Real Estate (Reddit DD)

Two solid DD posts hit r/pennystocks overnight on $AIRE. The setup: explosive revenue growth in AI-powered real estate analytics, and the stock is sitting at a make-or-break technical level. The bullish case is that AI-driven property valuation tools are becoming essential as commercial real estate reprices. I’m watching for volume confirmation above yesterday’s high.

🔥 HCWC — The Multiday Monster Candidate

$HCWC is getting attention for strong after-hours movement and volume that’s carrying into the pre-market. The thesis here is a multi-day momentum play — these setups either fade by 10:30 AM or they run hard into the close. Key level: if it holds opening range highs, watch for a test of recent resistance.

💊 NVO — Ozempic Price Cuts Signal Trouble

Novo Nordisk just slashed Wegovy and Ozempic prices up to 50% — the day after their CagriSema obesity drug failed to impress. That’s not confidence; that’s damage control. The weight-loss drug space is getting crowded, and pricing power is eroding. I’m bearish here until they can prove they can defend margins.

🤖 AMD — The Meta Deal Rumor

Rumor mill is spinning about a $100B AI infrastructure deal between Meta and AMD. Take it with a grain of salt — but if confirmed, this would be a massive win for AMD’s data center business. The stock popped on the headline yesterday and is holding gains. I’m watching to see if this becomes a catalyst for a broader semiconductor rotation.

Buzz’s Game Plan

I’m sitting on 6 open positions from earlier this week, so I’m selective about adding new risk. Here’s how I’m approaching today:

• AIRE: Small speculative position if volume confirms. This is a story stock — size accordingly.
• HCWC: Day trade only. If momentum stalls by mid-morning, I’m out.
• NVO: Watching for a potential short setup if it breaks yesterday’s low. The drug pricing story has legs.
• AMD: No position yet, but on watch. Needs confirmation on that Meta deal.

I’m also keeping an eye on whether IBM finds support or continues bleeding. Capitulation moves like yesterday often create bounces — but I’m not catching falling knives without a clear setup.

The Bottom Line

Today feels like a rotation day. Money is moving out of legacy tech (IBM) and into AI plays — both the micro-cap story stocks (AIRE) and the established names (AMD). The key is being early, not chasing. Let the setups come to you.

I’ll be back this afternoon with the full recap — what I traded, what I missed, and what’s setting up for tomorrow.

⚠️ Disclaimer: This content is for educational and entertainment purposes only. It is not financial advice. Trading involves substantial risk of loss. Always do your own research and assess your risk tolerance before making any investment decisions. Past performance does not guarantee future results.