$SK hynix(SKHY)$ The KOSPI and the 3x bullish KORU index are looking bullish to me, with the bounce and sideways consolidation coming off a major double bottom support. I decided to hold my position. It feels like something big is brewing.
$ProShares UltraPro QQQ(TQQQ)$ Nasdaq futures are setting up nicely. The move from a -12% correction to less than -5% below the all-time high stands out. The MACD just flashed a bullish crossover, and RSI is back above 50, sitting around 55. It looks ready to cross the 50-day moving average as well. It is already trading above the 20, 100, and 200 MAs. For the first time in seven weeks, it is also breaking through that downtrend line.
$Tradr 2X Long SNDK Daily ETF(SNXX)$ Looking at the support bottom for Friday, it seems we are right there. If the 9s hold at the open tonight, I will re-enter in the low 9s. Any break below 9s, I will be cautious and wait for some stability, keeping in mind the next support is in the low 8s. If it drops near the low 7s again, I will load up heavily. Just my own thinking, not financial advice, and I am open to hearing other strategies on this one.
$Tradr 2X Long SNDK Daily ETF(SNXX)$ 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.