$Oracle(ORCL)$ $Micron Technology(MU)$ $SK hynix(SKHY)$ $iShares Semiconductor ETF(SOXX)$ Coreweave and SMCI updates look healthy. There are some high-impact inflation reports coming out. These reports have been surprising the market lately, coming in better than expected. GDP is at 6%, inflation is easing, and unemployment is ticking down. At some point, average consumers are going to get a chance to breathe from the barrage of price pressures they've been under. That should lead to a much healthier economy, which is very good for markets.
$Palantir Technologies Inc.(PLTR)$ How low can it go. I'm personally looking for $165 to buy back my call. Still thinking markets need a breather after the monster moves. Do have a decent size of $SpaceX(SPCX)$ and sold $130 calls at $11.52 exp 8/28, stupid high premiums. I would be happy if it just sat here for a few weeks before I sell more calls. We still never back tested the 400 day EMA on PLTR. Maybe not going to happen but the 200 day should happen, just don't know when and likely down the road which would be higher than $152.24.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ Nothing has really changed. Borrowing is still happening at a massive scale, around 5X of last year, with people paying high to higher rates based on wishful expectations of sustainable paybacks. Maybe that works out, maybe it doesn't, but it's not certain by any means.
$SK hynix(SKHY)$ KOSPI has gapped at the open for two straight sessions now, only to sell off back into the range it has been holding for the past few days. The positive side is that regardless of the reason, it is consolidating within a range.
$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ NVIDIA is the top holding in SOXL now, replacing Micron. The way I see it, they're shuffling the deck and won't allow any collapse. Meanwhile, SOXS could be heading back to single digits before the end of this year.
$Palantir Technologies Inc.(PLTR)$ 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.