$SpaceX(SPCX)$ SpaceX is becoming one of the most crowded short trades on the market. With an estimated 30-35% of the free float sold short and more than 50% of shares on loan, the setup is starting to look increasingly interesting. If earnings surprise to the upside, key levels to watch are $120-125 for the first meaningful pressure on short sellers, $130-135 where things could accelerate as stop-losses begin to trigger, and $150+ where a full-blown short squeeze becomes much more realistic if buying volume stays strong. Similar squeeze dynamics have played out before in $Tesla Motors(TSLA)$ , $GameStop(GME)$ ,
$NVIDIA(NVDA)$ All daily and weekly SMAs have been recovered, and the trendline held with a clean bounce. Now the question is whether we get a push higher from here. Options flow has turned bullish too.
$Invesco QQQ(QQQ)$ I pointed this setup out on 7/28: "Bull flag into weekly demand. Bear trap setting up." QQQ has ripped +36 points from that zone since then. The move played out almost exactly as expected — late shorts got squeezed, and buyers stepped back in. Now Wave (4) looks complete. The big question is whether Wave 5 can keep the momentum going or if we get a quick shakeout first. I wouldn't be surprised by some profit-taking after this move. The trend still looks constructive as long as key demand levels hold. AI, mega-cap earnings, and strong tech leadership continue to support the bigger picture. I'm watching QQQ closely from here.
$Invesco QQQ(QQQ)$ There was a chance to pick up shares near the low, and the price hasn't really moved that far from it yet. Looks like the correction could be over.
$Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ Last week was a bloodbath, so now it feels pretty obvious we're heading into a FAANG earnings rally this week. Weekend futures are already up nicely.
$Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$ closed at $748.32, up 0.84%, while $NVIDIA(NVDA)$ finished at $207.29, up 1.97%. NVDA clearly outperformed the broader market. During the rebound, its gains were about 2.3 times the market's. It still shows high-beta characteristics, with more intense volatility than the broader market. If the market continues to move higher, NVDA could push toward the $210–$213 range. I'm holding a half-position myself and would consider adding on a confirmed breakout.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ It'll be interesting to see what happens later. I'm curious if we might see a significant rally on the KOSPI after the heavy selling over the last couple of days.
$Tesla Motors(TSLA)$ We're approaching what feels like the start of a new phase for Tesla. The momentum around FSD seems significant, and I find the technology genuinely compelling. My own experience with the Model Y Performance has been impressive, and everyone I've shown it to has had a similar reaction. This quarter could mark a pivotal moment for the future of autonomous driving—the logic behind it is solid. Features like the Mad Max mode on the vehicle add an engaging, capable feel to the drive.
$Invesco QQQ(QQQ)$ is nearly back in positive territory as buyers step in. Recent comments from Trump regarding data centers seem to have marked a short-term low, with sentiment stabilizing quickly. A significant part of this recovery is being driven by the Mag 7 names pushing the broader market higher. However, many individual stocks across the market are still showing weakness and haven't fully recovered yet. The market isn't completely healed, but the structure is improving. I still think the next move higher is developing.
KOSPI jumped over 8% intraday, reclaiming the 7,000 level as risk appetite returned. Foreign investors bought KRW 2.4 trillion ($1.61 billion) worth of stocks by the afternoon, more than double the net buying from the previous session. Institutional investors were net buyers of KRW 180 billion, though at a slower pace. Retail investors sold nearly KRW 2.5 trillion, making them the only net sellers, while foreign buying focused on semiconductor stocks. $SK hynix(SKHY)$ $Samsung Electronics Co., Ltd.(SSNLF)$ $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ $SPDR S&P 500 ETF Trust(SPY)$
$Invesco QQQ(QQQ)$ The market could see a bounce if JPMorgan Chase's earnings come in strong. JPM is scheduled to report its Q2 2026 results on Tuesday, July 14.