To The Moon

$iShares Semiconductor ETF(SOXX)$ Technical indicators are suggesting SOXX is getting close to a bottom. It broke under the 14-week trend zone between 490 and 600. The bottom reached the 200 MA. The 465 to 490 area is where it found support seven times before. Comparing the last big drop bottom from Jul 29 with now: price was 465 then, now 475. RSI was 33 then, now 30.80. MACD was -20.41 by -11.62 then, now -13.59 by 2.78. A further $10 drop toward 465 could mark the bottom. RSI is already more oversold than last time. One more red candle should bring MACD close to the prior bottom levels. The elevated volume is nearly identical to the day before the last bottom. $VanEck Semiconductor ETF(SMH)$ 

SpaceX posted its first profit as a public company, and Musk called a Tesla merger "a good idea." Super Micro led the AI rally with a 9.6% gain as the Nasdaq jumped 1%. Now $Tesla Motors(TSLA)$  and $Meta Platforms, Inc.(META)$  are reporting... can they keep the momentum going? $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$ 

$BlackBerry(BB)$ $Advanced Micro Devices(AMD)$ $NVIDIA(NVDA)$ Tech names are all showing the same dip heading into the close. $Invesco QQQ(QQQ)$  $SPDR S&P 500 ETF Trust(SPY)$ 

$SpaceX(SPCX)$ SpaceX delivered a massive Q3 beat, with the stock up 5% after hours. Revenue came in at $14.6B vs $13.0B expected, EPS at $0.35 vs $0.16 expected, and adjusted EBITDA at $8.8B vs $6.6B expected. CapEx was $19.6B. Revenue surged 161% YoY, with net income reaching $4.4B. The Super Intelligence segment is scaling fast, while Starlink keeps expanding. The growth is impressive, but the heavy infrastructure spending is worth watching. SpaceX is building for the long term. $Invesco QQQ(QQQ)$  $SPDR S&P 500 ETF Trust(SPY)$  $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ 

A lot of those weekend calls for a Black Monday aren't aging well. Futures are already green. Some of those takes are looking pretty rough right now. $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$ 

$Invesco QQQ(QQQ)$ Looking at the chart, the upside move in futures is pretty massive. I'm long and staying with it, though the weekend decline did have me on edge for a while.

$Invesco QQQ(QQQ)$ Zooming out, this week has been rough, but the setup still looks bullish. I'm staying long.

$BlackBerry(BB)$ Now we head to $16+ and then squeeze over $21. $Advanced Micro Devices(AMD)$  $Ondas Holdings Inc.(ONDS)$  $SPDR S&P 500 ETF Trust(SPY)$  $Invesco QQQ(QQQ)$ 

$Tesla Motors(TSLA)$  Seems like there's a real push to open this at 360 tomorrow. Those holding puts will likely take profit, and that could help drive it higher.

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$  $VanEck Semiconductor ETF(SMH)$ $iShares Russell 2000 ETF(IWM)$ Breadth is extremely oversold. This looks more like a purge event. The market should bounce back quickly. Yields aren't supporting this down move. I'm staying long.