$iShares Semiconductor ETF(SOXX)$ Technical indicators are suggesting SOXX is getting close to a bottom. It broke under the 14-week trend zone between 490 and 600. The bottom reached the 200 MA. The 465 to 490 area is where it found support seven times before. Comparing the last big drop bottom from Jul 29 with now: price was 465 then, now 475. RSI was 33 then, now 30.80. MACD was -20.41 by -11.62 then, now -13.59 by 2.78. A further $10 drop toward 465 could mark the bottom. RSI is already more oversold than last time. One more red candle should bring MACD close to the prior bottom levels. The elevated volume is nearly identical to the day before the last bottom. $VanEck Semiconductor ETF(SMH)$ 

SpaceX posted its first profit as a public company, and Musk called a Tesla merger "a good idea." Super Micro led the AI rally with a 9.6% gain as the Nasdaq jumped 1%. Now $Tesla Motors(TSLA)$  and $Meta Platforms, Inc.(META)$  are reporting... can they keep the momentum going? $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$ 

$BlackBerry(BB)$ $Advanced Micro Devices(AMD)$ $NVIDIA(NVDA)$ Tech names are all showing the same dip heading into the close. $Invesco QQQ(QQQ)$  $SPDR S&P 500 ETF Trust(SPY)$ 

$SpaceX(SPCX)$ SpaceX delivered a massive Q3 beat, with the stock up 5% after hours. Revenue came in at $14.6B vs $13.0B expected, EPS at $0.35 vs $0.16 expected, and adjusted EBITDA at $8.8B vs $6.6B expected. CapEx was $19.6B. Revenue surged 161% YoY, with net income reaching $4.4B. The Super Intelligence segment is scaling fast, while Starlink keeps expanding. The growth is impressive, but the heavy infrastructure spending is worth watching. SpaceX is building for the long term. $Invesco QQQ(QQQ)$  $SPDR S&P 500 ETF Trust(SPY)$  $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ 

A lot of those weekend calls for a Black Monday aren't aging well. Futures are already green. Some of those takes are looking pretty rough right now. $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$ 

$Invesco QQQ(QQQ)$ Looking at the chart, the upside move in futures is pretty massive. I'm long and staying with it, though the weekend decline did have me on edge for a while.

$Invesco QQQ(QQQ)$ Zooming out, this week has been rough, but the setup still looks bullish. I'm staying long.

$BlackBerry(BB)$ Now we head to $16+ and then squeeze over $21. $Advanced Micro Devices(AMD)$  $Ondas Holdings Inc.(ONDS)$  $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$ 

$Tesla Motors(TSLA)$  Seems like there's a real push to open this at 360 tomorrow. Those holding puts will likely take profit, and that could help drive it higher.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$  $VanEck Semiconductor ETF(SMH)$ $iShares Russell 2000 ETF(IWM)$ Breadth is extremely oversold. This looks more like a purge event. The market should bounce back quickly. Yields aren't supporting this down move. I'm staying long.

$Tesla Motors(TSLA)$ Here we go. The company's forward guidance is aggressive. Sexbots and FSD by the end of next week, according to Elon, as he's been saying for the past 5 years. It's about to take off.

$SPDR S&P 500 ETF Trust(SPY)$ For the bears jumping into $Apple(AAPL)$  with no data or useful info, just trolling and bashing. Most $Apple(AAPL)$  holders have been in it for years. Some have held since the early 2000s, and even those who got in a year ago are up 40%. So while the pullback is needed, the short trade wasn't that great either.

$SPDR S&P 500 ETF Trust(SPY)$ 775QQQ showed support polarity today, with a previous major resistance level now acting as support to watch. CPLIE is approaching.

$Microsoft(MSFT)$ $Apple(AAPL)$ The market is pulling higher with $SPDR S&P 500 ETF Trust(SPY)$  and $Invesco QQQ(QQQ)$ , while $Micron Technology(MU)$  and $NVIDIA(NVDA)$  are pushing as well. Completely opposite of the previous session. Every day really is a different game.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$  GLD.XBTC.XHourly chart. Below-average retail trade size shows up as yellow candles, while above-average professional trade size shows as white candles. Bullish divergence is marked with a green dot and exhaustion with yellow dots. The 10 EMA is the silver line. Above $80,314.70 looks like pros running a stop hunt in a major demand zone, and that gets reconfirmed above $80,958.79.

Software and chips are both under pressure at the same time, so no inverse rotation between these two right now. $iShares Semiconductor ETF(SOXX)$  $iShares Expanded Tech-Software Sector ETF(IGV)$  $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$ 

Both indexes just posted their highest weekly closes ever. The market keeps absorbing negative headlines and pushing higher, which shows how strong the bulls still are. This could be setting up for another strong leg up. My bias stays bullish as long as SPX holds above 7800 and $Invesco QQQ(QQQ)$  stays above 750. Those are the levels I'm watching.

Instead of $Invesco QQQ(QQQ)$  and QQQM, why not consider $iShares Nasdaq 100 ETF(IQQ)$  from Blackrock? Since its inception in July, I've moved all my QQQ position there, along with QGRW. Would be interested to hear some thoughts on this.

$Invesco QQQ(QQQ)$ US markets open Monday on the Columbus holiday, and that will mark the start of the next bull market rally. Financials will begin reporting as a preview setup for the heavy weighted AI tech firms to come. Accumulation near the 750s range looks likely. I don't anticipate 742 will be resisted going forward. The Semi sector should regain its peak in price, and with that, I maintain the increased QQQ price target of 856-898 by end of Oct and 975-1022 by year end.

$Invesco QQQ(QQQ)$ Higher oil and higher rates are probably needed if indices are going to keep making new all-time highs. $SPDR S&P 500 ETF Trust(SPY)$  $iPath Pure Beta Crude Oil ETN(OIL)$  $iShares 20+ Year Treasury Bond ETF(TLT)$  $iPath Series B S&P 500 VIX Short-Term Futures ETN(VXX)$