$Tradr 2X Long SNDK Daily ETF(SNXX)$ Short sellers had their window over the last two months. Now it feels like the momentum is shifting back in our favor.
$SpaceX(SPCX)$ Bears are out in full force now that it's dipped to 140. These are the same ones who were calling for 65 to 80. You really can't make this stuff up.
$SanDisk Corp.(SNDK)$ $Micron Technology(MU)$ $SK hynix(SKHY)$ AI isn't just about chips. It also needs storage, and the memory market is showing signs of recovery. SanDisk is one of the companies I'm keeping a close eye on. The market tends to focus on the leading names in AI, but opportunities often sit further downstream in the supply chain.
$SK hynix(SKHY)$ The KOSPI and the 3x bullish KORU index are looking bullish to me, with the bounce and sideways consolidation coming off a major double bottom support. I decided to hold my position. It feels like something big is brewing.
$ProShares UltraPro QQQ(TQQQ)$ Nasdaq futures are setting up nicely. The move from a -12% correction to less than -5% below the all-time high stands out. The MACD just flashed a bullish crossover, and RSI is back above 50, sitting around 55. It looks ready to cross the 50-day moving average as well. It is already trading above the 20, 100, and 200 MAs. For the first time in seven weeks, it is also breaking through that downtrend line.
$Tradr 2X Long SNDK Daily ETF(SNXX)$ Looking at the support bottom for Friday, it seems we are right there. If the 9s hold at the open tonight, I will re-enter in the low 9s. Any break below 9s, I will be cautious and wait for some stability, keeping in mind the next support is in the low 8s. If it drops near the low 7s again, I will load up heavily. Just my own thinking, not financial advice, and I am open to hearing other strategies on this one.
$Tradr 2X Long SNDK Daily ETF(SNXX)$ I have 500 shares at $30.56 and 5,500 shares at $12.38. I need to see at least $20 before I sell the 5,500-share lot. The other 500 shares I'll hold, either to reload if it drops back under $12 or to sell if the price gets above $35.