SanDisk is holding at elevated levels, up 10-11%, but is very overbought and traders should be cautious.
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WARNING: SPACEX ENTERS BEAR MARKET TERRITORY AS IT CRASHES!
Jun 18, 2026
Ricky Gutierrez discusses the significant sell-off in SpaceX, noting it has entered bear market territory with a 25% drop from its highs. He cautions against leverage and speculative trading, emphasizing calculated risk and position sizing, especially for beginners. While acknowledging potential upside, he stresses the importance of price action confirmation and advises a day-by-day approach for shorting.
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Tickers discussed in this post
Marvell is up 12% today with strong higher highs and higher lows, but is very overbought and requires caution.
Micron Technologies is performing strongly today, up 8%, but is considered very overbought and warrants caution.
Tesla is mentioned as a more speculative investment than Nvidia or Apple, but less so than Bitcoin.
Apple is mentioned as an example of a company with real business value, contrasting it with Bitcoin.
Nvidia is mentioned as an example of a company with real business value, contrasting it with Bitcoin.
The creator expresses a desire for MicroStrategy to continue selling off, despite it being technically oversold, and notes the potential for higher gains with a double leverage ETF.
The creator details a successful short trade on Intel, highlighting a potential conflict of interest with President Trump's involvement.
Linked Signals
Tracked calls opened from this post
INTCshort opened Jun 18, 2026
+29.07%