$Micron Technology(MU)$ This matters. Patience and wait for the rip. AI demand is only going to get more intense. Chinese players are still 5-7 years from being at the level Micron is at. By then, demand will be so large — robots, automation. It is coming.
$Micron Technology(MU)$ The perma-bears and click-driven content creators just keep moving the goalposts to keep their story going. First, back in 2023, it was "AI is all hype, these companies aren't going to make any real money from it." Then, through 2024 and into 2025, it shifted to "Okay, they are making billions of dollars right now, but it's just a temporary spike in data center spending." Now, in 2026, the latest version is "Okay, they are growing at 35% this year, but what about next year? If it drops to 25%, the entire world financial system collapses!"
$SPDR S&P 500 ETF Trust(SPY)$ With a couple of hours left in the session, there aren't any major negative catalysts out there. The worst case I see is around 747.
$SPDR S&P 500 ETF Trust(SPY)$ Closed the day in the green on my 0DTE challenge. Made two trades, each with a position size of $650. Current account balance is $1,529.74, starting from $1,000. The trades were puts at 746.5 and later near 747.2. I've been testing a signal indicator I built over the past few weeks, and the results so far look promising. After two wins, the key is staying disciplined and avoiding overtrading. It's about waiting for quality setups, not forcing action. Watch the setup, wait for confirmation.
There are September rate hikes, war, and shipping blockages on top of more blockages. It feels like $SPDR S&P 500 ETF Trust(SPY)$ could be back to 725 before long.
$Micron Technology(MU)$ The Nasdaq is up just a touch, 0.1%, but the significance is that there's no more selling. Micron could hit $1250 this week, with earnings from Tesla and Google on Thursday.