SPCX — 8 entries on this page, 0 of them a change of direction.
So those are just the volume profiled out from the IPO. And what you can see here is your highest volume node is around 152 and a quarter and now it's acting as support. We get a close above above 155 and this pony is going to go.
So that's what I'm waiting for. I need a price acceptance over 155.
space looks SpaceX looks absolutely beautiful right now and SanDisk also looks like it's about to really go crazy it's it's up almost 7% today but um let's start with SpaceX because this is obviously our our audience is named dour Like I don't know what it says about retailing traders and investors but like by far the T3 live audience the number one stock they are obsessed with right now is SpaceX.
I'm building bags on SpaceX, Marvel, Palanteer. So SpaceX kind of like a little range writer right now. It it you know sells off around 150 155 falls back to 140s low 140s I bought last week low 140s if I recall.
Um I don't know if you'll see 135 again. There's the sellers, insiders don't sell at the IPO price, but they'll take a little lifestyle chips off at 150. So, that's kind of the range.
So, if you see low 140s, grab it and or watch watch my trade alerts.
I have no choice, Sammy, but we need to talk about SpaceX and the 150 level. No, I I do have quite a bit of size in SpaceX.
I was in the in the SpaceX IPO, okay? Wrote it up, sold it, and then it crashed. Then it tried to go higher. right here. You see my cursor, right? Tried to go higher right here and then it it failed.
I mean, it's no good. It started to look no good.
SpaceX. My love SpaceX. No, I I do have quite a bit of size in SpaceX. Uh so so SpaceX So here's the thing. I was in the in the SpaceX IPO. Okay. Wrote it up, sold it, and then it crashed.
Then it tried to go higher right here. You see my cursor, right? Tried to go higher right here, and then it it failed. I mean, it's no good. It started to look no good. So, I called a short on SpaceX under the lows right here.
Okay, it's one thing to trail your long position, but it's something else to initiate a new short. And to initiate a new short position, I have to have an actual setup. To trail my long position, I just need the reversal bar and I can just trail out of it.
So, I trailed out of my long position and I kept and I I started to look for a bounce back up. It didn't come. We got we retraced 100% of that initial rally and then the pop here was weak.
So I called SpaceX short right here and at the same time I called SSPC long which is the leverage SpaceX. So I called SSPC long basically right here. Okay. Added to it and then eventually trailed out.
And then SpaceX I didn't like it. I I was in a short short. I don't know exactly what day I trailed out of. Maybe here, maybe there. And then all of a sudden, it has that those two really impressive bars.
Okay, I'm not in it yet. Long. It reports earnings, gaps down, and then look look what happened. Boom. I mean, that's proof that it's higher because you got a very bearish gap and then yet it negated it and it ended up with a triple bottom or a double bottom, whatever you want to call it.
So, I knew it was higher at that point. So, okay, now let's look for a pullback. The first time I called it long was here on the one, two, three, stop right there. It gave me the pullback and then it gave me a topping tail.
The negation of a bearish bar is bullish. When it negated it, I called it again. Then it started to come back in and it looked like it was going to drop and then it didn't. Called it again long.
So, we have three positions in it long and then the stop. I raise the stop on it to this bar's low which is 13817. Now if it can pop and clear 155 and some change 156 it's actually 155 even if it can clear 155 I will go ahead and raise the stop on the position to yesterday's low which is 14287.
This way I'm always trailing my position and hopefully you know the target on it in the newsletter is at target one I think is at 170 but target two I'm looking for 210 220 but the initial target is 170.
So we have three different entries on SpaceX long just like we had I had two or three entries short on SpaceX if you look at SPCX and SSPC. So that's basically SpaceX looking good.
We really shouldn't take out yesterday's low, but we definitely shouldn't take out this bar's low. So, if you're in it long, you can already almost basically put your stop under 14280.
Anytime you have a pivot, what's a pivot? A V pivot is when you have a higher low on either side of a candle. So, you see how this candle had a higher low than the red candle's low.
And this candle also had a higher low. And you have a higher low on either side of a candle, you have a pivot. Now there are various levels to to pivots which you know how strong they are, how weak they are.
We teach all of that in the mentorship. So this is a weak pivot because we don't have multiple green bars in a row on because it's a brand new pivot, but it's not bad to use for trailing.
So we shouldn't take out 14280. If we do, then SpaceX is in trouble.
SpaceX was nowhere in AI just six months ago. Now it's an anthropic rival after the $60 billion cursor deal. And that is according to Oppenheimer. By the way, I talked to one of my long-standing developer friends who's developed everything under the sun, it seems.
And he said that this cursor acquisition is not a joke. In long term, this is going to be extremely impressive. went on to praise Grock, uses Claude, um but also said, you know, Grock is is really incredible and has made some serious strides.
Was very impressed with what I was able to do and was doubly impressed that someone who's not a traditional developer. Actually chose a command line interface that gives you diffs and developer terms.
Didn't understand why that was the case. Turns out I'm learning a shitload about development and that is helping me do what I need to do. Sorry for swearing.
Okay, we're down to the two final stocks here. The These are the two largest holdings and coming in at number seven, we have a giant that just made history earlier this year and that is of course SpaceX ticker symbol SPCX which Nvidia now holds over 21 billion dollars worth of the stock making this one holding alone worth about a third of their entire portfolio.
SpaceX SpaceX I made a lot of money yesterday in SpaceX. I told you guys that I think SpaceX is a name you got to get to know, a name that's trading better, a name that's been forgiving.
What do I mean by that? I mean that started you know, I've been long it all week and every every time it goes lower, you know, it's been holding. It's been giving you a way to buy more, trade it, buy more, trade it.
So, anyway, I sold some puts. Um I'm in the stock and I do think that this is going to be on its way to 149 155 and then from there could even go higher. So, you know, I spoke about this the last few days with you guys.
Hopefully you're you're trading SpaceX. It's doing better.
