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I am actually in MEU which which makes it a little bit easier. So I'm trading other things and I'm teaching and I'm coaching and I'm getting interviewed. So MEU is a little easier to handle.
You know, obviously you have to take more size to make money. So this is an ETF. Yes, percentage- wise it's it's different. So, I'm in this and I'll probably add had a good buy yesterday and uh this low here for MEU is 29.66.
So, if you want to put 2966 there, um that's a good spot.
Are you optimistic or pessimistic about Micron's earnings? We will take a look at the expected move tomorrow, because they will announce their results tomorrow, and that is exciting.
We will be looking at the MU index, but given the approaching earnings announcement date , we will also take a look at the SPX index.
Kagra continuing to come lower here, guys. So again, this is probably pricing pressure in related to their earnings. Kagra maybe not so good here. And again, if you think about it, the input cost, food and energy, right?
I mean, Kagra's got to ship all its TV dinners or whatever it is to to stores. Those costs are going up. The cost of food is going up. How much can you raise the price of a TV dinner before people start just saying, "Hey, listen.
I'm just going to cook it myself." Um, or do the best I can. And so I think there's a lot of inflation pressure on Kagra.
Um, but again, with Micron earnings after the bell, we'll have to watch and see what happens.
Lastly, Micron. Micron looks to be opening slightly higher today. Today it will report earnings after the bell. This is probably the biggest earnings report we've had in weeks at this point.
Um because it's a trillion dollar company now and it's Micron. Everyone knows Micron. Upside. If we rally on earnings, there's a gap fill at 1150. That would be major resistance.
On the downside, I'd be watching this trend line. Look at this beautiful ascending trend line just below a,000. So those are that's resistance and the one below is support. Those will be in the after hours levels that I'm toning in on now.
Easy profit is asking Tesla vs. SpaceX.
For a long time, I wasn't keen on trading Tesla stock, but I believe in its long-term growth. I also believe in both SpaceX and Tesla , and I think the technology they have is interesting.
On the other hand, the negative argument against the two companies is that the technology is available to everyone, and that Elon Musk's departure will cause their stock price to fall over time.
In this video we will take a look at Costco, whose trading symbol is COST. So in this video , we'll look at the basics of how Costco works. We will review some figures and then try to arrive at a fair value for Costco stock to see if investing in it today is worthwhile.
There may be an opportunity here, because when we look at Costco's stock over the past year or so, the stock hasn't performed much . In fact, it has retreated in the past two months from its recent highs.
So there might be an investment opportunity here.
Rocket Labs. Okay, Rockalabs is it's it's broken. This has been broken. You know, momentum names have momentum when shorts are trapped and there's good news and there's optimism.
And usually momentum names that are high valuation names that need to grow into them need to be above the 821 day for you to make a lot of money. Otherwise, you're just sitting in it.
And here it was above the 821 day, had a massive move 134, broke. Then you should have get the hell out of the way at 95ish. It's been trying to rebuild. It's been very tough. These momentum moves happen again above the 8 day because it shows momentum.
It shows volume. What's it doing today? Why are you bringing it up? Let's see. Um it's up 98 cents.
Your team says the Tesla and SpaceX merger could be announced this year. I agree. This year? I'm currently recording it at the end of September. Of course it's possible, but there's not much time left.
But at some point, it will definitely be proposed to investors. In my opinion, it's just a matter of time.
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