$SanDisk Corp.(SNDK)$ SNDK has long-term contracts with MSFT, AMZN, Google, Meta, and NVDA, and Tesla needs their expertise as well. They look like a top choice for every trillion-dollar company because they make the best products.
$United States Oil Fund LP(USO)$ Oil is now peaking above the 18-year trend line in late Oct 2026 and looks to be on the cusp of a massive Elliott Wave 3 impulsive advance into 2027 and beyond, unless a global recession and a 2001/2008/2022-style equity bear market with a negative wealth effect feedback loop destroys energy demand. Oil could reach 140-150 on the breakout. For anyone still doubting oil will go much higher barring a global depression that kills energy demand, there is another big picture setup pointing the same way: an 18-year, very probable, inverse bullish head and shoulders pattern for oil in Oct 2026. $Energy Select Sector SPDR Fund(XLE)$ $
$SanDisk Corp.(SNDK)$ The current price looks like an early Christmas gift. It traded at $1,906 on 9/22 before the F.U.D. around CXMT started. Earnings are due on 10/29. Record earnings and an additional stock buyback are expected to be announced. Bank of America's price target is $2,500.
$SanDisk Corp.(SNDK)$ Melius has a $3,600 target on SNDK, built around three things: demand for High-Bandwidth Flash, tight NAND pricing, and free cash flow strong enough to support up to $100 billion in buybacks over three years. Other analysts are close behind, with Bernstein at $3,000 and Cantor Fitzgerald at $2,900. The board has already added $14 billion in buyback authorization. With a forward PE of 5, this one looks like a no-brainer to hold and buy for the long term.
$SPDR S&P 500 ETF Trust(SPY)$ Twenty billion involved here. One part is taxpayer money, the other is private money, and one of them actually ends up making a profit eventually.
$SPDR S&P 500 ETF Trust(SPY)$ GLD.XSLV.XDXYDaily Below avg. trade size retail = yellow candles Above avg. trade size pros = white candles Bullish divergence = green dot Bearish divergence = red dots Exhaustion = yellow dots Flush = purple dots 10 ema = silver line 30 ema = red line 200 ema = aqua line Over the $101.314 6/24 high is a successful 30 ema retest that keeps gold & silver under pressure.
This fear looks likely to be short lived, unless market breadth starts deteriorating, which it isn't right now. In fact, breadth looks great. A rotation out of bloated tech could keep the year-long rally going. That could change, but for now I don't see this as anything other than a dip or correction. $SPDR S&P 500 ETF Trust(SPY)$ $Vanguard S&P 500 ETF(VOO)$ $Invesco S&P 500 Equal Weight ETF(RSP)$