$ProShares UltraPro QQQ(TQQQ)$ The system is still showing a stay-long signal. The last buy signal was triggered 4 days ago when TQQQ was at 63.10, and since then it has climbed 7.70%. The weekly candle looks like a possible hammer bottom. It has been a decent three-day run to the upside.
$SpaceX(SPCX)$ Bears have been posting all weekend about how spcx is worthless, which honestly just looks like concern that it might actually end up worth a lot. Even most bearish analysts put short-term value above the current price, with the lowest around $70. The bullish side is talking $300, maybe $800, all well above where it is now. Starlink alone supports a valuation of $135 per share right now, and with the improved satellites — ten times better — going up, that number isn't likely to drop. The unlocking is probably already priced in. If guidance delivers, a 20 percent move higher wouldn't be surprising. The math and metrics behind each analyst's target are easy enough to find online. I think we'll be above $200 before long.
$ServiceNow(NOW)$ Nasdaq is crashing, but SAAS stocks are flying. And of course microchips are crashing. I wish I hadn't sold, I could have made a lot more. Good luck to anyone who had the patience to wait it out and believe.
$SpaceX(SPCX)$ That move from $110 was something else, and even a scrub setup. Launch tomorrow, there's a chance of a gamma squeeze for the put holders. Still leaning bullish here.
There's speculation about a joint venture between $SK hynix(SKHY)$ and INTC. If it goes through, it could bring around +10b to Intel, especially if the Korean side is keen on doing business in the US.
$IBM(IBM)$ I think IBM is a great company trading at a discount. Glad I was able to add shares at 220, 215, 210, and finally at 205 today. Now it's time to relax and see how it plays out.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ The semiconductor sector is down around -15% or so due to market rotation, but I think they'll see new highs. It could be a time to start buying the dip on semis. Shorts might get squeezed if there's a broad-based market rally.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ The implied volatility in this ETF is quite high. Even if I wasn't bullish on the underlying, I'd likely sell out-of-the-money puts for income. That said, I am long SOXS. It's important to stay nimble. Remember, many large institutional traders also missed the big year-to-date run-ups in these names, so they might be looking to take advantage of retail positioning.