SpaceX, SNDK & the S&P 500: 5 Charts Raising Eyebrows
Today's market is sending a mix of bullish opportunities and cautionary warnings.
From Morgan Stanley's bullish outlook on SpaceX to extreme optimism in the S&P 500 options market, alongside notable weakness in Costco and Pepsi, these five charts highlight where investors should be paying close attention next.
1. $SpaceX(SPCX)$
SpaceX will double from today's prices, forecasts Morgan Stanley, which just gave $SPCX a $300 price target 🚨
For magnified exposure, consider the Tradr 2X Long SpaceX Daily ETF $Tradr 2X Long SpaceX Daily ETF(SPCM)$
2. $SanDisk Corp.(SNDK)$
Sandisk has plunged 18% from June's ATH, and while that might be a buy-the-dip opportunity for some, $SNDK remains overbought with a 84 RSI on the monthly 🚨
Is more pain coming? For magnified bearish exposure, consider the Tradr 2X Short SNDK Daily ETF $Tradr 2X Short SNDK Daily ETF(SNDQ)$
3. $S&P 500(.SPX)$
S&P 500 Stock Put/Call Skew just fell to its lowest level ever recorded 🚨🚨 Bulls are all-in, Bears have vanished 🤯
4. $Costco(COST)$
Costco $COST falls to its lowest price in more than 6 months 📉 📉 $1.50 Hot Dogs aren't bringing in customers anymore?
5. $Pepsi(PEP)$
Pepsi $PEP falls to its lowest price in 1 year 📉 📉
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