$SanDisk Corp.(SNDK)$ I'm bullish, but my gut is telling me we could see the 1700-1730 range before it keeps going. It might push to 1830+ but we'll see. Made a lot on calls last week, feeling pretty fortunate.
SPX pushed through the 7563 resistance, reached highs of 7646.86, and closed right at the 7635 support. Earlier, I had flagged 7539 as the key support to defend and 7563 as the level that would open the door higher, and both played out. Now the question is whether this bullish momentum can continue. I will be watching the 7644 support closely, especially with FOMC member speeches coming up that could bring some volatility. $SPDR S&P 500 ETF Trust(SPY)$ $Eversource(ES)$ _F
$SanDisk Corp.(SNDK)$ I think this could push past 1650 tomorrow. I'm only holding shares myself. Good luck to those holding calls. Shorts are getting squeezed hard.
$SanDisk Corp.(SNDK)$ This looks like one of the most manipulated names in the market right now, with hedge funds, algo traders, and market makers all involved. I think it could move sharply higher before earnings. I'm holding my position and not selling any of it.
$SanDisk Corp.(SNDK)$ $Micron Technology(MU)$ This looks like a perfect trap heading into the next session. Bets against the market have gotten pretty high. The setup is there for a trillion dollar unwind if Wall Street surprises the market and starts buying after a rate increase.
$SanDisk Corp.(SNDK)$ SNDK and NVDA look essential for the top-tier gaming and world simulation experiences out there. SanDisk's footprint covers mapping and real-world geographic intelligence, financial and patent security, and corporate servers. The company has been around for two decades, and AI is finally pushing demand beyond what supply can offer. SK Hynix, institutions, and BlackRock have been adding shares with future growth in mind. After decades of international sales, its profitability and growth potential seem to be what keeps believers in it.
$SPDR S&P 500 ETF Trust(SPY)$ A break above the descending resistance and the EMA 20 at 758.67 would really get things moving. If price clears that level, the bears could get squeezed hard.
$SPDR S&P 500 ETF Trust(SPY)$ The break above the upper level led to a big move higher. This was around a 1000+% type move for the 0DTE, extending into the next strike as well. Those calls are performing really well.
$SanDisk Corp.(SNDK)$ Just because AI model improvement is slowing down doesn't mean demand will slow down too. There will still be a need for data centers to provide AI to more people, and more memory will be required to better remember user context and history, even with the current models.
$Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ Trump said on Sunday that a lot of "very negative forces" are pushing AI narratives that won't actually happen, and he wants to make sure the US stays the industry leader. He also said the US is leading China in AI and that it's the most sophisticated country in the world, adding that he wants to keep it that way because whoever wins AI wins.
$SanDisk Corp.(SNDK)$ The market tends to do the opposite of what everyone expects. On Monday, AI and SNDK will be up instead of down. That is just how it works.