To The Moon

$Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ After a pretty brutal crash, KORU has bounced 75% off the low of 11.65. A lot of that wipeout seemed to come from over-leveraged Korean retail traders getting blown up on margin calls. From where I stand, that's exactly why I scale into and out of leveraged products gradually. I never go all-in on a single ETF at once and I never touch margin. Some of those Korean traders just come across as a bunch of amateurs to me. LOL The moving averages still look weak, but RSI and MACD are starting to show some bullish recovery signs.

I've got three setups on my radar this week. $NEBIUS(NBIS)$  Burry's reported short took a hit as $NEBIUS(NBIS)$  got rejected at the 50MA, pushing it down toward the 0.5 Fib around $180. If it can hold support here and reclaim the 200MA, that's something I'll be watching closely. Earnings are on Wednesday. $Applied Optoelectronics(AAOI)$  Some wild post-earnings swings on Friday, but price ended up closing below the 50/100DMA. A higher low from here, or $118 holding as firm support, could signal Wave 3 is getting started rather than another corrective Wave B. $Rocket Lab USA, Inc.(RKLB)$  Keeping thi

$SpaceX(SPCX)$ Market's red today but SPCX is up. I was expecting selling pressure from insider sales, so the lack of a drop is a bit surprising.

$SpaceX(SPCX)$  If you sold expecting it to dip below $100, this might be a sign that it's not going to happen.

I sold the $10 puts on $Tradr 2X Long SNDK Daily ETF(SNXX)$  expiring August 14 for $1.25. If it works out, that's a 14% ROI. I can live with that and sleep well.

$SpaceX(SPCX)$ It feels like the whole world is bearish on this right now, and that usually looks like a decent time to start building a position for the longer term. Everyone seems so sure it's going to tank in the near term, but market makers could easily wipe the bears out and make a fortune. Just saying.

$SK hynix(SKHY)$ SK Hynix is on track to post a pretty conservative yearly profit of $250 a share. That translates to $2,500 for the main stock in South Korea and $250 on NASDAQ at some point in the next 6 months. SKHY is the ADR in the US, which represents 10% of the main stock in Korea.

$SK hynix(SKHY)$ It seems to me most of the drop was just from margin cascades. From where I stand, that looks mostly cleared out now, so we're back to normal trading. I had my own margin calls during the dot-com era, so I've seen this play out before.

$iShares Semiconductor ETF(SOXX)$ Looks like there's an attempt to rally SOXX and SOXL, but I'm still buying SOXS.

$Leverage Shares 2X Long CBRS Daily ETF(CBRG)$ I know I'm not the only one who picked up a few thousand shares at $3.01 today. Moved some of the profits into CBRS and NOW.