MDB's 23% drop is driven by CEO departure and lack of guidance increase, reflecting a market rule where AI-exposed stocks are sold if they don't raise guidance.

Now, there's one more stock we're going to look at today. It is MongoDB. MongoDB. They announced that their CEO is stepping down. And anytime a CEO steps down, the markets get a little bit nervous on this.

And take a look at the drop on MongoDB. This is incredible, guys. What a drop. The stock right now is down over 23% on this news. Now, part of it was they have this big conference they're doing and they reaffirmed guidance.

Now, you may say, "Well, they reaffirmed guidance. Why is it dropping this much?" Well, we're in the world of AI. If a company that is exposed to AI doesn't increase guidance, it's an automatic sell.

It just is. The markets are reacting that way. And that's what we're seeing in MDB here with a big drop.

Now, having said that, when I see a drop like this, I get excited because it means potential day trades. So, look at this. If we go to our daily chart, we're now all the way down to 314.

There's an obvious major technical level right here. I mean, look at this level at 294. Pivot low, pivot low, pivot low. If we can just flush a little bit more, look at how much it's down already.

Just a little bit more. This is going to be a golden opportunity here, folks, for a potential day trade today.