To The Moon

$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$  opened right at that big support level from the June monthly high. It's sitting at the bottom of the support zone that goes back to May. I'm feeling bullish on TQQQ.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$  Just for fun, I'm calling the high somewhere between 51.74 and 53.60. I held overnight, which isn't something I do often, with an average at 44.89.

$Applied Optoelectronics(AAOI)$ Here's what I think happens over the next 2 weeks. I may be overly optimistic on stock prices with the election coming up at the same time, but I think COHR will report a great quarter and give strong guidance on November 4. The stock is down 46% from its high, with a P/S of only 8.5 and a forward PE of 30, so I think COHR is going to be significantly higher after earnings, probably over $350. Then LITE and AAOI report on November 5. I'm not as convinced about LITE going higher since it has a P/S of 25 and a forward PE of 43, but it depends on whether they beat. LITE is only expected to grow 24% sequentially. AAOI has a P/S of 12.4 but sales are going to soar, and forward PE is $16.8 based on 2027 earnings esti

$IREN Ltd(IREN)$  Been watching since after earnings. I jumped in at 27.53. It looks primed for a recovery at this level.

$Direxion Daily Semiconductors Bear 3x Shares(SOXS)$ If we could get a 20% move up to around 55, I'd definitely close out all my calls at that point and rotate into SOXL.

$IREN Ltd(IREN)$  Daily and 4hr RSI are both below 25. That's deeply oversold territory at this point, so I'm expecting a bounce. If it was worth liking above 30, it's hard not to like it even more down here. Nothing has changed in the business fundamentals, and AI isn't going anywhere.

A 60% pullback on a company growing revenue around 69% and building out production in Texas feels like an overreaction to me. $Applied Optoelectronics(AAOI)$  isn't risk-free, but the demand story didn't vanish in one week. Watching for stabilization.

YTD neocloud performance: $NEBIUS(NBIS)$  +83% is the only notable winner. The rest are all in the red: $TeraWulf Inc.(WULF)$  -8.32%, $CoreWeave, Inc.(CRWV)$  -22%, $APPLIED DIGITAL CORP(APLD)$  -36%, $IREN Ltd(IREN)$  -37%.

$Micron Technology(MU)$ $SK hynix(SKHY)$  KOSPI. Korea pumping. At least they came to their senses after the FUD around CXMT selling. Cheap prices today were a bonus. Now the next wall of worry is CPI.

$Applied Optoelectronics(AAOI)$ AMD has recovered its earlier losses and just turned green. It's still up 15% over the past month. The Nasdaq is heading higher too, so maybe the panic will settle down soon.