The indices are green, but today I'm less interested in chasing the market and more interested in where the next asymmetric trade may be forming.
My five watches today are Micron (MU), Circle (CRCL), SpaceX (SPCX), Rezolve AI (RZLV) and Beyond Meat (BYND).
1. MU: My Highest-Conviction Watch
Micron remains my favourite fundamental setup of the group.
The latest earnings reinforced the AI memory shortage thesis, but the stock hasn't simply exploded higher afterwards. That hesitation is actually useful.
The debate has shifted from whether memory demand is strong to how long extraordinary pricing can persist.
My approach today is simple: I don't chase MU strength. I buy good pullbacks while the memory thesis remains intact.
What I'm watching now is whether buyers continue defending weakness despite concerns that memory pricing eventually normalises.
If they do, I still think MU has another leg higher.
2. CRCL: The Battle Between Growth and Competition
CRCL is probably my most interesting tactical trade.
Circle continues to benefit from the expansion of USDC and the broader adoption of stablecoins. But competition is becoming increasingly important, particularly as new stablecoin ecosystems try to challenge the economics that make Circle attractive.
So I no longer treat:
Crypto up = CRCL up
as a sufficient investment thesis.
I want USDC circulation, adoption and monetisation to prove that Circle can defend its position.
My strategy remains to accumulate weakness selectively and trade the rebounds rather than fall in love with every rally.
For me:
$80-$88: First Pick
$70-$78: Preferred Pick
$60-$68: Strong Pick
$90-$100: Breakout territory
Below $60: Thesis Check
If CRCL can reclaim $90 and eventually $100 with improving fundamentals behind the move, the technical picture changes considerably.
3. SPCX: Great Story, Increasingly Demanding Valuation
SpaceX has suddenly become much more than my Starship trade.
The thesis is evolving into:
Starlink + Starship + AI Compute + Infrastructure.
That gives SpaceX multiple ways to win.
But there is another side to this story. Building AI infrastructure at this scale requires enormous capital.
That means every new ambitious project increases both the potential upside and the execution burden.
After the recent rally, I wouldn't chase blindly.
My map remains:
$150-$155: First Pick
$140-$148: Preferred Pick
$130-$138: Strong Pick
$165-$170: Confirmation zone
$180-$190: Next Target
$200-$225: Major Test
At these valuations, I want execution to keep catching up with expectations.
4. RZLV: $2 Still Matters
This remains my speculative AI recovery trade.
The fundamental story sounds increasingly attractive: agentic commerce, customer expansion, partnerships and a push toward profitability.
But the stock keeps asking investors the same uncomfortable question:
If the story is improving, why isn't price responding?
That's why I'm watching price confirmation rather than another announcement.
My map:
$2.00-$2.05: Make-or-Break
$2.12-$2.15: First Confirmation
$2.20-$2.25: Reversal Confirmation
$2.35-$2.40: Breakout Zone
$1.80-$1.90: Deep Pick Zone
Below $1.80: Thesis Check
If RZLV produces another strong update and still cannot reclaim $2.15-$2.25, that tells me something too.
Eventually either the stock catches up with the growth story, or the fundamentals reveal why the stock refused to believe it.
5. BYND: Trade, Not Investment
BYND is the one I treat most cautiously.
The company is still trying to repair its operating story, and management changes don’t fix consumer demand or the balance sheet overnight.
For me, this remains primarily a technical rebound and high-beta trade.
The level I care about most is approximately $7.80-$8.10.
Hold it, and another attempt toward $8.60 and eventually $9+ remains possible.
Lose it decisively, and I wouldn’t average down simply because RSI looks cheap.
My rough map:
$7.80-$8.10: Watch Zone
$8.10-$8.50: First Confirmation
$8.60-$9.00: Next Target
$7.00-$7.70: Speculative Pick
$6.00-$6.80: Strong Pick, but only if the thesis hasn't deteriorated
How I'm Ranking Them Today
Highest conviction: MU
The fundamentals remain strongest.
Best tactical opportunity: CRCL
Huge volatility, but genuine catalysts on both sides.
Most interesting evolving story: SPCX
AI compute is expanding the thesis beyond rockets.
Highest speculative AI upside: RZLV
But price needs to start confirming the story.
Pure trading vehicle: BYND
Small position, tight discipline.
The common thread across all five is simple:
I'm not buying headlines today. I'm watching whether price confirms them.
MU needs buyers to keep believing in the memory cycle.
CRCL needs USDC growth to answer the competitive threat.
SPCX needs execution to justify increasingly enormous expectations.
RZLV needs price to catch up with its growth narrative.
BYND simply needs buyers.
That is my watchlist for 7 October.
Good company + wrong price can still be a bad trade.
Messy company + extreme price dislocation can still be a good trade.
The opportunity comes from knowing which one you're actually trading.
I am not a financial advisor. Trade wisely, Comrades!
What are you watching today, Tigers? 🐯 MU, CRCL, SPCX, RZLV or BYND? I’m especially watching MU and CRCL for my next move.
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