$Tradr 2X Long SNDK Daily ETF(SNXX)$ I have 500 shares at $30.56 and 5,500 shares at $12.38. I need to see at least $20 before I sell the 5,500-share lot. The other 500 shares I'll hold, either to reload if it drops back under $12 or to sell if the price gets above $35.
$SpaceX(SPCX)$ It feels like a lot of bears haven't really internalized that this is basically a high beta name, and the QQQ is teetering on a correction. If the Qs manage to rally, the bears could end up giving back everything they've made and then some. Some seem fully convinced it's going to $50, which honestly seems pretty far-fetched from where I stand.
$ServiceNow(NOW)$ After that 07/23 gap, price has spent 3 sessions in a tight $98-101 lateral range without giving back any of the move. That's a bull flag, not distribution. SMA20, SMA50, and VWAP are all stacked right underneath, giving it a solid base. RSI is neutral at 53 with room to run, and MACD is recharging. Setup: confirmed breakout above $101 on volume would signal continuation. Stop below $98.5-99 — lose that and the base breaks. First target $105-106, extension to $110. Not a range to sell, looks more like a breakout setup to me.
$IBM(IBM)$ Looking back, I've seen companies like XRX, PRD, KODK, and C go from being leaders to nearly disappearing. IBM is different—it has managed to reinvent itself multiple times. The situation now isn't the same; IBM actually has the products and capabilities. What they need to do is execute and capitalize on them. From my perspective, among the giants, IBM seems to offer the least downside and the most upside potential. It's time for senior management to lay out their plan and start delivering on it.
JP Morgan recently put out a note on the KOSPI, explaining the recent drop and giving a 12-month target. Their base case is 12,500 points, with a bull case of 15,000 and a bear case at 8,000. From the current level around 6,747, that base target implies a gain of about 85%. That kind of move would obviously be significant for a 3x leveraged ETF like KORU. According to them, the plunge wasn't really about weak corporate fundamentals in South Korea, which they see as solid. Instead, it was amplified by liquidations from leveraged ETFs and hedge funds unwinding positions. On the deleveraging front, JPM estimates the leveraged ETF liquidation process—targeting around $18 billion—is already about 75% complete. Hedge fund deleveraging is also thought to be more than halfway done. Their longer-te
$Archer Aviation Inc.(ACHR)$ With nearly $2 billion in cash, I'd think an offering isn't likely at this point. The company is making progress on several fronts. US operations are slated to begin this year under the White House's eVTOL Integration Pilot Program and in preparation for the LA28 Olympic Games. They have advanced commercial readiness with an expanded piloted flight test program and operations at Hawthorne Airport in LA. They've achieved record FAA certification progress, being the first to close Phase 3 of the FAA's 4-phase Type Certification process for eVTOL aircraft. There's also significant progress on dual-use, hybrid, autonomous aircraft, with phased program awards expected later this year. The AI stack is advancing rapidly
$AST SpaceMobile, Inc.(ASTS)$ From what I can see, all signs point to BB 8 and 9 being successfully deployed. Meanwhile, the town of Midland is set to vote on approving ASTS's major expansion plan. There's been very little discussion about this, and no official press releases either. That specific event alone could be a positive catalyst, regardless of broader market conditions. Additionally, T-Mobile is scheduled to be released from $SpaceX(SPCX)$ this week, which might lead to more news about the joint venture. Putting it all together, this week looks like it could see a rebound after the recent drop, potentially a significant one.