$NQ failed to close back inside the range for a deviation, still no break of structure so it'll likely flush to 2025 high from here imo unless it can reclaim range.
Position Updates:
$NBIS
starting to see a bounce after fully filling the monthly fvg and taking out all of the low resistance liquidity
$CRDO
reversing so far after taking out the previous month's low. If this can reclaim the previous ATH pivot local bottom should be in
$MU
filled the daily gap now seeing a potential deviation on both sides of the range
Broader market continuing to chop while we're seeing rotations out of semis/AI bottlenecks and into software & Mag7.
Right now i'll continue to accumulate more $NBIS during Q3. Right now it's sitting at $53B market cap. Short term there may be more downside but 6-12 months from now I think this can reach $100B mc and $250B mc long term over next 5 years as long as they continue to execute.
Broader market continuing to chop while we're seeing rotations out of semis/AI bottlenecks and into software & Mag7.
Right now i'll continue to accumulate more $NBIS during Q3. Right now it's sitting at $53B market cap. Short term there may be more downside but 6-12 months from now I think this can reach $100B mc and $250B mc long term over next 5 years as long as they continue to execute.
$INTC Lip-Bu Tan: Bottleneck investor
"The investment side, I ways look at where is the bottleneck? What are you trying to solve? For example, I invest in companies like Credo $CRDO or Astera Labs $ALAB, is this interconnect becoming the bottleneck? Because speed becomes more important in interconnect in the cluster, so I think optical becomes very important. Look at Jensen, he invests in almost every company that's photonic."
$AAOI added this to my watchlist again. Previously swung from $97 to $150. Technically speaking if this reaches $130 it could be a great area to buy back again
$ES watching broader market to see where we close today. This daily orderblock is a key level to hold for SPX.
$NBIS & $INTC both showing relative strength at the open today. We'll see where they close as well.
Also all eyes on $MU earnings for tomorrow. If it gaps down to test the 21 day moving avg I think it'll get quickly bought up