$Palantir Technologies Inc.(PLTR)$ Money seems to be flowing out of SPCX and AMD, and from where I stand, it looks like it will eventually rotate into this stock.
Markets pushed to new record highs, driven by strong earnings from Palantir and Caterpillar. Falling oil prices, tied to potential U.S.-Iran negotiations, added to the positive mood. Tech names led the charge after Palantir's AI-driven growth numbers, with Micron and Marvell also posting solid gains as AI spending optimism stays intact. Over 84% of S&P 500 companies have beat earnings expectations, which keeps the overall tone pretty bullish. $ProShares UltraPro QQQ(TQQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ $Palantir Technologies Inc.(PLTR)$
$iShares Semiconductor ETF(SOXX)$ Looks like it's finally going to overtake the trendline at $519 today and break the downtrend. Wouldn't be surprised if it backtests the trendline before moving higher. The 20 DMA at $535 is the next target we need to overtake.
$SpaceX(SPCX)$ It looks like short covering has started. With a third of the float short and probably a good amount of naked short interest in the mix, it seems like some shorts are getting out ahead of whatever Elon has planned tomorrow.
$ProShares UltraPro QQQ(TQQQ)$ Got assigned 200 shares from the substack pick at $68, and they're back above my cost basis now. Just picked up another $234 in premium by selling the 8/14 70c. So far that's $726 in total premiums collected on this small account.
$SK hynix(SKHY)$ One of the strongest semiconductor turnarounds I've seen recently. Revenue has recovered sharply, but what really stands out is how fast operating income has bounced back with the AI memory cycle. HBM demand is changing the game, and the market is starting to recognize who's actually benefiting.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Just need a few more confirmations. I'll likely buy in the morning. SOXL, SOXX, NQ, ES — all gaps followed by a rising wedge. I like the setup. Glad with how it's shaping up.