Friday’s washout still left NVDA, META and the memory trade bid, while the bigger setup is a volatile week around PPI on Thursday and August CPI on Friday at 8:30 a.m. Eastern, followed by a Fed rate decision the next week. VIX was still only 13.80 intraday, but anything under 15 — especially under 14 — is treated as the signal for sharper swings, with SPY stuck at 771 resistance and 753 below if it fails. The strongest theme is AI memory: MU, SNDK, SK Hynix and the Roundhill Memory ETF all ripped as DRAM and NAND prices were said to be up more than 200% YoY, with MU aiming to double HBM capacity to about 100,000 wafers/month by year-end. The trade book also leans on levels in AMD, MU, INTC and NFLX, with each needing follow-through and clean stops.
Friday’s losses were tied to a stronger-than-expected jobs report, with most of the money made shorting the Mag Seven while NVDA and META still climbed and were traded for upside.
PPI lands Thursday and August CPI hits Friday at 8:30 a.m. Eastern before the open, then the next week brings a new Fed rate decision; the setup is framed as either higher Fed rates or a major Trump-driven trade escalation.
Trump posted: “Lower the rate or I'll stop trading with countries with which we have a deficit. The Fed board with its great new leader must get smart. Be patriots for a change.”
VIX fell to 13.80 intraday Friday despite red breadth; under 15, and especially under 14, is the cited trigger for increased volatility over the next couple weeks.
SPY weekly candles are still bullish above the middle of the channel, with 771 as near resistance: a Tuesday break above 771 is expected to target 783, while failure back into the lower half points toward 753.
SPY weekly RSI is above 60, signaling bulls control the weekly trend, while daily RSI is below 60, leaving the near term more neutral even as the longer trend stays hot to the upside.
The AI memory trade led Friday: SNDK was up about 11%, MU 5%, SK Hynix 6%, and the Roundhill Memory ETF nearly 6% while the broader market was blood red.
AI is described as a massive demand shock for memory, with DRAM and NAND prices said to be up more than 200% YoY in parts of the market and Wall Street aggressively repricing memory-supply names.
MU is said to be moving to double HBM production capacity to roughly 100,000 wafers per month by year-end, while the projected memory cost on a 256 GB iPhone 18 Pro is nearly 400% higher than a year ago.
AMD bounced on the 20 EMA, printed a morning star pattern, and needs a two-candle close above 516; the immediate trade target is 516 and the bigger upside is a move back to the prior all-time high.
MU is framed as an inverse head-and-shoulders with a neckline around 1,000; it closed above that neckline Friday and needs follow-through this week for the pattern target around 1,300 and a new all-time high.
INTC moved from an earlier trade above 88 to 95, a $7 gain, and is being watched for a two-candle break into the bullish range; if that happens, the cited upside target is around 117, while rejection below the middle of the channel keeps lower targets in play.
The INTC bull case is tied to its strategic status in Congress and the White House, Nancy Pelosi’s 2027 leap position, and the view that it trades at a huge discount with limited downside left after a deep pullback.
NFLX hit a stop loss at 81.50 after Friday weakness; the prior call from 74 ran to 83.50, buyers are expected between 78 and 77.40 at old resistance turned support, and the next upside is framed as above 85 and potentially 90.
Trading discipline is repeatedly tied to stop losses, position sizing and capital preservation rather than just a bullish thesis, especially with PPI, CPI and the Fed decision creating a volatile stretch.
Monday is a market holiday, trading resumes Tuesday, and the next few weeks are framed as extremely volatile; the Discord pitch claims live calls nailed NVDA and META upside and identified strong stocks moving higher.