$SpaceX(SPCX)$ Oh right, that's tomorrow. Funds tracking the Russell 1000 will purchase SpaceX (ticker: SPCX) tomorrow. The stock is being fast-tracked into the index as part of the massive semi-annual reconstitution. ETF managers will execute these large trades at tomorrow's market close, meaning your index funds will reflect the new shares by Monday.
Red days like this are where positioning gets separated from conviction. $IREN Ltd(IREN)$ -5% $NEBIUS(NBIS)$ -6.5% $Cipher Mining Inc.(CIFR)$ -6.5% $Soluna Holdings, Inc.(SLNH)$ -8% $Applied Optoelectronics(AAOI)$ -7% Nothing about the underlying demand story has really changed - data center buildout is still accelerating, cloud compute demand is still expanding, and silicon + infrastructure needs are still structurally rising. Next alert dropping soon. If notifications are off, you’ll likely see it after the move is already done.
Space stocks are showing signs of a strong short-term push higher. The main action is centered around $SpaceX(SPCX)$ , which is acting as the major macro catalyst for the whole sector. As $SpaceX(SPCX)$ runs, technical charts indicate capital is rotating into high-beta secondary plays. This tailwind is expected to drive sympathy pumps across other sector leaders like $Velo3D, Inc.(VELO)$ , $AST SpaceMobile, Inc.(ASTS)$ , and $Rocket Lab USA, Inc.(RKLB)$ soon.
$ProShares UltraPro QQQ(TQQQ)$ Midday market update: Stocks rallied as investors reacted positively to a reported U.S.-Iran peace agreement and easing geopolitical tensions in the Middle East. SpaceX continued its strong post-IPO momentum, helping boost market sentiment and contributing to gains in major indexes. Falling oil prices and expectations that interest rates will remain unchanged were viewed as supportive factors.
Big day for $ServiceNow(NOW)$ tomorrow with the Claude update release and CPI data hitting the market. This combination could trigger some wild swings. The big question is whether $ServiceNow(NOW)$ could dip under $100, offering a potential buying opportunity. It's definitely possible, but we need to stay alert.
$Dell Technologies Inc.(DELL)$ It's all about weathering this short-term volatility. Could be one week, could be two weeks. Dell has established a new floor and looks ready for the next leg up after that.