SpaceX, SNDK & the S&P 500: 5 Charts Raising Eyebrows

Today's market is sending a mix of bullish opportunities and cautionary warnings.

From Morgan Stanley's bullish outlook on SpaceX to extreme optimism in the S&P 500 options market, alongside notable weakness in Costco and Pepsi, these five charts highlight where investors should be paying close attention next.

1. $SpaceX(SPCX)$

SpaceX will double from today's prices, forecasts Morgan Stanley, which just gave $SPCX a $300 price target 🚨

For magnified exposure, consider the Tradr 2X Long SpaceX Daily ETF $Tradr 2X Long SpaceX Daily ETF(SPCM)$

2. $SanDisk Corp.(SNDK)$

Sandisk has plunged 18% from June's ATH, and while that might be a buy-the-dip opportunity for some, $SNDK remains overbought with a 84 RSI on the monthly 🚨

Is more pain coming? For magnified bearish exposure, consider the Tradr 2X Short SNDK Daily ETF $Tradr 2X Short SNDK Daily ETF(SNDQ)$

3. $S&P 500(.SPX)$

S&P 500 Stock Put/Call Skew just fell to its lowest level ever recorded 🚨🚨 Bulls are all-in, Bears have vanished 🤯

4. $Costco(COST)$

Costco $COST falls to its lowest price in more than 6 months 📉 📉 $1.50 Hot Dogs aren't bringing in customers anymore?

5. $Pepsi(PEP)$

Pepsi $PEP falls to its lowest price in 1 year 📉 📉