$GPRO: Markiplier Becomes GoPro’s Largest Shareholder, But Don’t Chase the Hype

GoPro suddenly became one of the hottest small-cap names on the market.

The catalyst initially catching traders' attention was a familiar name from outside Wall Street: Mark Fischbach, better known as YouTube creator Markiplier.

Markiplier disclosed ownership of 13.5 million GoPro Class A shares, representing approximately 8.5% of the class. That made him GoPro's largest shareholder. The SEC filing says he has sole voting and disposition power over those shares and that they were not acquired for the purpose of influencing control of the company.

For anyone familiar with Markiplier, this isn't some random celebrity attaching his name to an action-camera company.

He's one of the world's biggest content creators and has increasingly moved into filmmaking. He has also publicly discussed GoPro's camera technology and his belief that the company is undervalued.

That combination was enough to get retail traders excited.

But there is now an even bigger development surrounding $GPRO.

GoPro Also Announced a Major Transaction

On September 1, GoPro announced an agreement to merge with Starman Optical, an optical-photonics company.

Under the proposed transaction, GoPro shareholders are set to receive approximately $285 million in cash, or about $1.14 per share, while existing GoPro shareholders are expected to retain roughly 10% ownership of the combined company. Approximately $92 million of GoPro debt is also expected to be repaid as part of the transaction.

The combined company plans to remain publicly traded.

The strategic angle is also interesting.

Starman operates in optical technology that can be used in areas such as AI infrastructure and data centers. The combination potentially gives GoPro exposure beyond its traditional consumer action-camera business, including commercial, defense and other technology markets.

So there are really two narratives colliding at once:

Markiplier becomes GoPro's largest shareholder.

Then:

GoPro announces a transformative merger.

That's rocket fuel for a small-cap momentum stock.

But that's also exactly when traders need to be careful.

Great News Does Not Always Mean Great Entry

This is probably the most important part of this entire blog.

When a small-cap stock suddenly explodes, your first instinct shouldn't be:

"How do I get in?"

It should be:

"Did I already miss the easy part?"

There is a huge difference.

The trader who bought before the crowd arrived has a completely different risk profile from the trader buying after the stock has exploded.

The first trader has cushion.

The second trader is buying excitement.

And excitement is expensive.

The Danger of Chasing Small Caps

Small-cap momentum can be absolutely vicious in both directions.

A stock can go:

+20%

+40%

+70%

and suddenly everyone thinks it's going another 100%.

Then buyers disappear.

Profit taking begins.

Momentum algorithms flip.

Late buyers panic.

And that beautiful green candle can turn into a massive upper wick incredibly quickly.

That's why I constantly tell traders:

Don't confuse a great catalyst with a great entry.

$GPRO having legitimate news doesn't mean every price is a good price.

You can be completely correct about the story and still lose money because you entered at the wrong time.

Be Especially Careful With Options

Options add another layer of risk.

You're not simply predicting whether $GPRO eventually trades higher.

You're dealing with:

Direction

Timing

Implied volatility

Expiration

Liquidity

A stock exploding on news can cause option premiums to become extremely expensive.

You can buy calls near peak excitement, have the stock pull back or consolidate, and watch the option get destroyed even though the stock remains well above where it started.

That's why chasing short-dated calls after a massive move can become dangerous very quickly.

If You Play It, Consider Going Small

There is nothing wrong with participating in momentum.

But understand what you're participating in.

This is not the type of situation where I want someone thinking:

"This is going to the moon, so I'm going heavy."

I'd rather see someone take a tiny speculative position they can comfortably lose than turn a momentum trade into a portfolio event.

If your normal position is $2,000, maybe this is the type of setup where you're using $300 or $500.

The exact amount isn't important.

The principle is:

Higher volatility should usually mean smaller size.

Not bigger size.

Unfortunately, retail traders often do the exact opposite.

The crazier the stock becomes, the more money they throw at it.

That's backwards.

Wait for the Chart

The market opens.

Let $GPRO show you what it wants to do.

Maybe it holds.

Maybe it consolidates.

Maybe it creates a clean breakout setup.

Maybe it pulls back and establishes support.

Or maybe the opening bell arrives and everyone who bought earlier decides to take profits.

You don't know.

Neither do I.

That's why waiting is a strategy.

You don't have to catch the first candle.

You don't have to catch the exact bottom.

And you definitely don't have to buy because everyone else on social media suddenly discovered the ticker.

Let the chart develop.

Find your support.

Find your resistance.

Watch volume.

Watch whether breakouts actually hold.

Then decide whether the risk/reward makes sense.

Don't Become Someone Else's Exit Liquidity

This is one of the oldest lessons in trading.

By the time a stock is trending everywhere, screenshots are circulating and everyone is talking about how much money they made, somebody already owns it significantly lower.

That doesn't mean the move is finished.

It means you need to recognize where you are in the move.

The earlier buyer is asking:

"Should I take profit?"

Meanwhile the late buyer is asking:

"Should I buy?"

Think about that.

Those two traders are potentially transacting with each other.

Don't automatically become the person providing liquidity for someone else's exit.

What I Like About the Story

There are legitimate reasons traders are interested in $GPRO.

Markiplier taking a huge position is interesting.

The merger is much more significant fundamentally.

The possibility of expanding GoPro's technology into AI infrastructure, defense and commercial applications gives investors a completely different narrative from the struggling consumer-camera company they previously knew.

That deserves attention.

But attention doesn't equal conviction.

And conviction doesn't eliminate risk.

The proposed merger still has conditions to satisfy, including shareholder and regulatory approval, and the transaction is expected to close later in 2026 if those conditions are met. ([Financial Times][3])

There is still uncertainty.

The Lesson Is Bigger Than $GPRO

I actually care more about the lesson here than the ticker.

Every few weeks the market gives us another stock like this.

Different company.

Different catalyst.

Same psychology.

Stock explodes.

Social media notices.

Retail piles in.

FOMO builds.

People increase size because they don't want to "miss it."

Some make huge money.

Others buy the top.

Then everyone forgets the lesson until the next ticker appears.

You don't have to avoid these stocks completely.

You just need to respect what they are.

Final Thoughts

$GPRO has a genuinely interesting story developing.

A globally recognized creator accumulated 13.5 million shares, representing roughly 8.5% of GoPro's Class A stock, and became its largest shareholder.

Now GoPro has announced a major merger that could reshape the company entirely.

That's enough to create serious momentum.

But momentum works both ways.

If you're already in lower, manage your position.

If you're looking to enter after the explosion, don't let FOMO make the decision for you.

Wait for a setup.

Use small size.

Respect your stop.

Don't chase vertical candles.

And most importantly:

Missing a trade costs you nothing. Chasing the wrong trade can cost you plenty.

There will always be another ticker.

[1]: https://www.theverge.com/tech/986847/markiplier-gopro-investor?utm_source=chatgpt.com "Markiplier is now GoPro's biggest shareholder"

[2]: https://www.reuters.com/legal/transactional/gopro-be-acquired-by-starman-optical-285-million-deal-2026-09-01/?utm_source=chatgpt.com "Struggling GoPro sells majority stake to optical maker Starman for $285 million"

[3]: https://www.ft.com/content/5f643674-bf2b-48f1-bc3e-a7fe54820c99?utm_source=chatgpt.com "Action camera maker GoPro to be acquired after decade-long decline"

[4]: https://www.sec.gov/Archives/edgar/data/1500435/000162828026059839/gpro-20260901.htm?utm_source=chatgpt.com "gpro-20260901"

The U.S. 10-Year Treasury Yield: The Number Every Trader Should Understand

You can spend years trading stocks without ever touching a Treasury bond.

You should still understand the bond market.

One of the most important numbers I watch outside of the stock market is the U.S. 10-Year Treasury yield, commonly called the 10Y.

You'll hear it constantly on financial television:

"10-year yields are surging."

"Tech is selling off as yields rise."

"Yields dropped after the Fed announcement."

"The 10-year broke above 4%."

For newer traders, this can sound like background noise.

It isn't.

The 10-year Treasury yield influences stock valuations, mortgage rates, corporate borrowing, investor risk appetite, and the relative attractiveness of stocks versus bonds.

Understanding it can help you understand why the market is moving, rather than simply watching candles move up and down.

Let's break it down from the beginning.

What Is a U.S. Treasury?

The United States government spends enormous amounts of money.

When the government needs to borrow money, one way it does this is by issuing Treasury securities.

Think of it very simply.

You lend money to the U.S. government.

The government promises to pay you according to the terms of that security.

There are different maturities.

You might hear about:

3-month Treasury bills

2-year Treasury notes

5-year Treasury notes

10-year Treasury notes

30-year Treasury bonds

Different maturities tell us different things about the economy and investor expectations.

For stock traders, the 10-year Treasury is especially important.

So What Is the 10-Year Treasury Yield?

The yield represents the return the market demands for owning the 10-year Treasury at its current market price.

If you hear:

"The 10-year is at 4.5%"

that does NOT mean the Federal Reserve just set interest rates at 4.5%.

This is an important distinction.

The Federal Reserve directly controls a very short-term policy rate, the federal funds target range.

The 10-year Treasury yield is determined in the bond market.

Millions of investors, institutions, banks, pension funds, foreign governments, hedge funds and other market participants buy and sell Treasuries.

Those transactions determine Treasury prices.

And Treasury prices determine yields.

So the 10Y gives us a window into what the enormous bond market is thinking.

The Most Important Relationship to Remember

If you remember only one thing from this lesson, remember this:

Bond prices UP = yields DOWN

Bond prices DOWN = yields UP

They move inversely.

This confuses almost everyone when they first learn bonds.

Suppose investors suddenly become nervous about the economy.

Money starts pouring into Treasuries.

Demand for Treasury bonds increases.

Bond prices rise.

As those prices rise, their yields fall.

Now imagine investors start dumping bonds.

Bond prices fall.

The effective yield available to new buyers rises.

That's why you'll frequently hear:

"Treasuries sold off today and yields jumped."

A Treasury selloff means Treasury prices are falling.

It does not mean yields are falling.

Why Should Stock Traders Care?

Because stocks don't exist in isolation.

Capital is constantly deciding where it wants to go.

Stocks.

Bonds.

Cash.

Real estate.

Commodities.

Crypto.

Private investments.

Everything competes for capital.

The 10-year Treasury is particularly important because U.S. government debt is generally treated as one of the lowest credit-risk investments available.

That creates an interesting comparison for investors.

Imagine Treasury yields are extremely low.

An investor looking for attractive returns may be more willing to own stocks.

Now imagine Treasury yields rise dramatically.

Suddenly an investor can earn a meaningful return from government debt without taking the same business and equity risk associated with owning stocks.

Stocks now have more competition.

That matters.

Think of the 10Y as the Price of Long-Term Money

This is not a perfect definition, but for traders it's a useful mental model.

The 10Y gives you a sense of the cost and required return associated with longer-term capital.

When long-term yields rise significantly, money becomes more expensive throughout the financial system.

Companies may face higher borrowing costs.

Consumers may face higher mortgage rates.

Investors demand higher returns.

Stock valuations can come under pressure.

When yields fall significantly, some of that pressure can ease.

That's why you should have the 10Y somewhere on your radar.

Why Growth Stocks Hate Rapidly Rising Yields

This is probably the most useful section for many of our traders.

High-growth stocks are often valued based heavily on profits investors expect the company to generate years into the future.

Think about a young technology company.

Maybe today's earnings aren't impressive.

But investors believe:

"In five years this company could be enormously profitable."

Those future earnings have value today.

But finance applies something called a discount rate to determine what future money is worth in today's dollars.

As interest rates and bond yields rise, those future earnings become less valuable in present-value calculations.

This can pressure the valuation investors are willing to pay.

That is why rapidly rising yields can hit:

High P/E technology stocks

Unprofitable growth companies

Speculative AI stocks

Small-cap growth

Long-duration assets

especially hard.

The farther into the future investors are looking for the company's profits, the more sensitive the valuation can become to changes in rates.

A Simple Example

Imagine two opportunities.

Investment A is a government security offering a very low yield.

Investment B is a risky growth stock that might produce huge returns someday.

If the government security pays almost nothing, investors may be willing to accept more risk.

Now imagine government securities suddenly offer a much more attractive return.

Investment B now has to compete with that.

The risky stock hasn't necessarily become a worse company.

The alternative became more attractive.

That concept is called opportunity cost.

Every dollar invested in one asset is a dollar that cannot simultaneously be invested somewhere else.

This is one reason higher Treasury yields can compress stock valuations.

Why Tech Often Reacts More Than Other Sectors

You've probably seen days where:

10Y ripping

QQQ dropping

High-growth stocks getting smoked

while some traditional sectors hold up much better.

There is logic behind that.

Technology companies often trade at higher valuation multiples because investors expect significant future growth.

If the market suddenly demands a higher return on capital, those expensive multiples become harder to justify.

A stock trading at 40, 50 or 60 times earnings has much more valuation embedded in future expectations than a mature company trading at a modest multiple.

This doesn't mean:

10Y up = short every tech stock.

Never reduce the market to something that simple.

It means rapidly rising yields can create an important headwind for expensive growth stocks.

The 10Y and P/E Multiples

This is another important connection.

Suppose investors are willing to pay a very high P/E multiple for a company.

Why?

Usually because they expect strong future earnings growth.

But when the risk-free alternative becomes more attractive, investors can become less willing to pay extreme multiples.

Instead of paying 40 times earnings, perhaps investors decide the stock deserves 30 times earnings.

Here's the important part.

The company's earnings don't necessarily have to collapse for the stock to fall.

The multiple itself can contract.

That's called multiple compression.

This is why you sometimes see a company report decent earnings while the stock continues struggling in a high-rate environment.

The business might be fine.

The market simply isn't willing to pay the same valuation anymore.

Higher Yields Also Affect the Actual Business

So far we've mostly talked about valuation.

But there's another side.

Companies borrow money.

They issue debt.

They finance acquisitions.

They build factories.

They construct data centers.

They purchase equipment.

They expand internationally.

They refinance old debt.

If borrowing costs rise, those activities become more expensive.

Imagine a company planning a massive expansion.

When financing is cheap, the economics might look fantastic.

When financing becomes expensive, management may reconsider.

Projects get delayed.

Hiring slows.

Expansion plans shrink.

Companies become more cautious.

Eventually, higher rates can work their way into the real economy.

Consumers Feel It Too

The 10-year Treasury also has a major relationship with consumer borrowing conditions.

Mortgage rates are heavily influenced by longer-term bond yields.

When longer-term yields rise, mortgage rates often rise as well.

Think about what that means.

A family buying the same house suddenly faces a much larger monthly payment.

Some buyers leave the market.

Some buy cheaper homes.

Homebuilders can feel pressure.

Real estate activity can slow.

Consumers may have less disposable income.

Businesses connected to housing may feel the effects.

The 10Y isn't simply a number on CNBC.

It can eventually affect what ordinary people pay every month.

Why Does the 10-Year Yield Rise?

This is where things get more complicated.

A rising 10Y isn't automatically bearish.

You need to ask:

WHY are yields rising?

This is one of the biggest mistakes traders make.

They see the 10Y rising and immediately assume stocks must fall.

Not necessarily.

There are several reasons yields can rise.

Scenario 1: Strong Economic Growth

Suppose the economy is doing extremely well.

Employment is strong.

Consumers are spending.

Corporate profits are growing.

Investors become optimistic.

Money may rotate away from defensive government bonds and toward riskier assets.

Bond prices fall.

Yields rise.

In this situation, rising yields can accompany a strong stock market because economic growth is supporting earnings.

So:

Yields rising because growth is strong

can be very different from:

Yields rising because inflation is getting out of control.

Context matters.

Scenario 2: Inflation Fears

Inflation is terrible for fixed-income investors.

Why?

Because inflation reduces the purchasing power of future money.

Imagine locking your money into an investment for years while inflation remains very high.

You would demand more compensation.

That means investors may require higher yields to own long-term government debt.

So persistent inflation expectations can push Treasury yields higher.

This type of yield increase can be much more uncomfortable for stocks because it raises the possibility that interest rates will remain restrictive.

Scenario 3: The Fed

The Federal Reserve does not directly set the 10-year Treasury yield.

But Fed policy strongly influences expectations.

If the market thinks the Fed will keep rates higher for longer, longer-term yields can respond.

If inflation suddenly cools and investors expect aggressive rate cuts, yields may fall.

This is why markets react so violently to:

CPI

PCE

Jobs reports

Fed meetings

Powell speeches

These events change expectations about future monetary policy.

And those expectations flow through the bond market.

Scenario 4: Government Borrowing

The United States issues enormous quantities of debt.

More government borrowing means more Treasury supply needs to be absorbed by investors.

If the market requires a higher yield to absorb that supply, yields can rise.

This is increasingly important for investors to understand.

Bond markets care about supply and demand just like every other market.

More supply without enough demand can require lower bond prices and therefore higher yields.

Scenario 5: Fear and the Flight to Safety

Now flip everything around.

Imagine something terrible happens.

Major recession fears.

Financial crisis.

Geopolitical shock.

Investors panic.

Where does enormous institutional money often go?

U.S. Treasuries.

That surge in demand pushes Treasury prices higher.

And because bond prices and yields move inversely:

Treasury prices rise

Treasury yields fall

That's why you can sometimes see the 10Y collapsing during periods of extreme market fear.

But here's another important lesson.

Falling yields are not always bullish.

If yields are collapsing because investors think the economy is about to enter a severe recession, stocks can fall at the same time.

Again:

Don't just watch the direction.

Understand the reason.

The 10-Year Versus the 2-Year

You'll also hear traders talk about the 2-year Treasury yield.

The 2Y and 10Y tell us somewhat different things.

The 2-year tends to be more sensitive to expectations about Federal Reserve policy over the nearer term.

The 10-year reflects a broader combination of expectations involving:

Growth

Inflation

Future interest rates

Government borrowing

Term premium

Investor demand

That's why macro traders constantly compare the two.

What Is the Yield Curve?

Normally, investors expect more compensation for lending money for longer periods.

So longer-term bonds often yield more than shorter-term bonds.

But sometimes the opposite happens.

Short-term yields rise above long-term yields.

This is known as a yield curve inversion.

You've probably heard people say:

"The yield curve inverted. Recession incoming."

Historically, certain yield curve inversions have preceded recessions.

But it is not a magical market timing tool.

An inversion doesn't tell you:

Sell SPY at 10:32 tomorrow morning.

It tells you that the bond market is pricing an unusual economic environment where short-term rates are high relative to longer-term expectations.

It's a macro signal, not an entry signal.

Why Traders Should Watch the Speed of the Move

This is something I think is extremely important.

Sometimes the actual yield level matters less than how quickly yields are moving.

Markets can adjust to almost anything given enough time.

What markets hate is rapid repricing.

If the 10Y slowly moves higher over many months because the economy is healthy, stocks may absorb it.

If the 10Y suddenly explodes higher over several sessions, markets may have to rapidly reprice valuations.

That's when you can see violent moves in growth stocks.

So don't only ask:

"Where is the 10Y?"

Also ask:

"How quickly did it get there?"

Velocity matters.

How I Would Use This as a Trader

I would never trade solely because of the 10Y.

I wouldn't say:

"Yield is up today. Buy puts."

That's too simplistic.

Instead, use it as context.

Suppose QQQ is sitting at major resistance.

Growth stocks are already weak.

The 10Y suddenly starts ripping higher.

Semiconductors begin losing support.

Market breadth deteriorates.

Now several pieces of information are telling you the same story.

That's useful.

On the other hand, imagine yields rise slightly but QQQ continues holding support, NVDA is strong, semiconductors are breaking out and breadth remains healthy.

Price is telling you the market doesn't currently care.

Respect price.

Macro should help explain the environment.

It should not override what is actually happening on the chart.

A Simple Screen Setup

If you trade regularly, consider keeping these somewhere on your watchlist:

SPY

QQQ

10-Year Treasury yield

VIX

Dollar Index

Oil

You don't need to stare at all of them every second.

You're trying to develop situational awareness.

If QQQ suddenly dumps, you can quickly check:

Did yields spike?

Did the dollar rip?

Did VIX explode?

Was there a macro headline?

Is this isolated tech weakness?

You start building a picture.

That's the difference between simply watching price and understanding the environment surrounding price.

The Relationship Is Not Perfect

This needs to be emphasized.

You will absolutely see days when:

10Y rises and QQQ rises.

You will see days when:

10Y falls and QQQ falls.

Markets are driven by thousands of variables simultaneously.

Earnings.

Guidance.

Economic growth.

Inflation.

Positioning.

Options flows.

Liquidity.

Geopolitics.

Fed expectations.

Valuations.

Sentiment.

Technical levels.

Treasury yields are one piece of the puzzle.

A very important piece, but still one piece.

Anyone telling you that stocks mechanically move opposite the 10Y every day is oversimplifying the market.

What About Bitcoin?

Crypto traders should understand yields too.

Bitcoin doesn't operate in some completely separate financial universe anymore.

When yields are high and cash or government securities provide attractive returns, speculative assets have more competition for capital.

When real yields fall, liquidity improves and investors become more comfortable taking risk, crypto can benefit.

Again, it isn't a perfect inverse relationship.

Bitcoin has its own catalysts.

But if you're trading BTC, ETH, miners or crypto-related stocks, you should still understand what's happening in rates.

Macro liquidity matters.

What About Small Caps?

Small companies can also be sensitive to rates.

Why?

Many smaller companies depend more heavily on external financing.

They may have weaker balance sheets.

They may carry floating-rate debt.

They may need additional capital to grow.

They may not generate enough free cash flow internally.

Higher financing costs can therefore hurt smaller companies disproportionately.

This is another reason the rate environment matters beyond mega-cap technology.

What About Banks?

Banks are more complicated.

Higher rates can sometimes help banks because they may earn more on loans.

But extremely rapid moves in rates can also create problems.

Banks hold securities.

They manage deposits.

They manage duration.

They manage funding costs.

A major shift in the yield curve can affect profitability and balance sheets in complicated ways.

So again, don't use:

Yields up = banks up

as some automatic rule.

Understand the environment.

What I Want You to Remember

You do NOT need to become a bond trader.

You don't need to calculate duration by hand.

You don't need to become a macroeconomist.

You need to understand what the market is telling you.

The 10-year Treasury yield is one of those signals.

At the simplest level:

10Y rising quickly

Can mean tighter financial conditions, higher borrowing costs and pressure on expensive growth valuations.

10Y falling

Can reduce valuation pressure and make growth assets relatively more attractive.

But then ask the second question:

Why is it moving?

That question separates surface-level analysis from actual market understanding.

A Practical Example

Imagine tomorrow morning you wake up and see:

10Y sharply higher

QQQ weak premarket

Semiconductors weak

High-growth stocks getting hit

Dollar strengthening

Now you have a story.

The market may be repricing interest-rate expectations.

You don't blindly short.

You go to the chart.

Where is support?

Where is resistance?

What happened overnight?

Is QQQ holding the 200 EMA?

Are buyers stepping in?

Is the opening move being absorbed?

Now macro and technical analysis are working together.

That's where this becomes useful.

Price Action Still Comes First

Anyone who has followed my trading philosophy knows where I stand.

I love understanding the bigger picture.

But at the end of the day:

Price pays.

The 10Y can tell me technology should theoretically struggle.

If QQQ keeps breaking resistance and making higher highs, I'm not going to argue with the chart because of some macro thesis.

Markets can remain disconnected from your expectations longer than your options can remain alive.

Use yields to understand the battlefield.

Use price action to actually fight the battle.

Final Thoughts

The U.S. 10-Year Treasury yield might seem boring compared with NVDA, Bitcoin, SPY 0DTE or some small-cap stock moving 100%.

But underneath all of those trades sits the cost of money.

And the bond market is enormous.

When the cost of money changes, eventually everything feels it.

Stock valuations change.

Corporate borrowing changes.

Mortgage rates change.

Investor risk appetite changes.

Capital allocation changes.

That's why professional investors pay so much attention to Treasury yields.

You don't need to predict where the 10Y is going.

Just start watching it.

When the market has a strange day, check yields.

When QQQ suddenly gets hammered, check yields.

When high-growth stocks explode higher after an inflation report, check yields.

When the Fed speaks, check yields.

Over time, you'll start seeing the connections yourself.

And that's really the goal.

Not memorizing another indicator.

Not creating another buy or sell signal.

But understanding why money is moving.

If you remember nothing else from this lesson, remember these three things:

Bond prices and yields move in opposite directions.

Rapidly rising yields can pressure stocks, especially expensive growth stocks.

Never look at the direction of yields without asking why they're moving.

The chart tells you what is happening.

The bond market can often help you understand why.

Monday August 31st Recap

$XOM 09.11 $175 call at 0.10 : .30 💵 200%

$MU 08.31 $970 call at 1.00 : 1.30 💵 30%

$MU 08.31 $970 call at .78 : 1.70 💵 100+%

$MU 08.31 $970 call at .58 : 0 🩸 full lost

$SPY 765 call at 1.05 : 1.60 💵 50%

$META 08.31 $575 call at .90 : 1.30 💵 40%

$SPX 7685 call at 1.20 : 10 💵 700%

Holding overnight

$GOOGL 09.04 $345 call at 1.74 :💵 20%

$NVDA 09.04 $225 call at 1.00 : 💵 50% runners

$MU 09.04 $1050 call at 1.10 : 💵 70% runners

WDAY potential set up. blue 200ema. let's see if really forms c&h. Just a scenario. Let the price confirm it.

No furus. All pros here. Join

https://discord.gg/PTv6ZNyTDY

Back from a really late vacation with a refreshed mind. 🧠

Sometimes the best thing you can do as a trader is step away from the charts. No chasing, no P&L, just have some fun.

The market will always be here. Come back patient, disciplined, and with fresh eyes if you haven't taken vacation already(labor day is coming!) You'd be surprised how much clearer the chart looks when your mind isn't cluttered.

🟠 BITCOIN: THE BULL CASE IS STARTING TO BUILD AGAIN

Bitcoin has been through a serious reset.

After running to new highs above $120K, BTC went through a brutal correction that eventually brought price all the way back toward the $60K region.

That kind of move changes sentiment fast.

When Bitcoin was at the highs, everyone wanted it. Once it collapsed, suddenly the bull cycle was dead, crypto was finished, and everyone started looking lower.

That's usually when I want to zoom out.

Looking at the weekly chart today, I'm not ready to declare a new Bitcoin bull run.

But I do think the chart is becoming increasingly interesting.

The selling has slowed. A base appears to be developing. Bitcoin defended a major long-term moving average area, started producing higher lows, and has now pushed back toward a major overhead resistance zone.

At the same time, the fundamental backdrop for crypto in the United States could be changing significantly.

Put the two together, and I think there is a legitimate BTC bull narrative worth discussing.

The Weekly Chart Is Repairing Itself

The first thing I want everyone to understand is that the yellow lines on my chart are rough zones.

Don't look at them as exact support or resistance prices.

Especially with Bitcoin.

BTC can move thousands of dollars and still essentially be trading within the same weekly technical area.

I'm much more interested in the structure.

Bitcoin came down hard from the highs and eventually found substantial demand around the $60K region.

More importantly, BTC didn't simply bounce once and immediately collapse again.

It started building.

We can see buyers repeatedly stepping in around the lows, creating what looks like a rising support structure.

That is the first thing bulls needed.

Stop making lower lows.

Then start making higher lows.

That's how damaged charts begin repairing themselves.

The Major Weekly Moving Average Matters

The blue moving average on my chart is another reason I'm paying attention.

During the selloff, BTC came directly into this major long-term trend area.

That could have turned ugly.

Instead, Bitcoin has fought its way back and is now trading comfortably higher.

To me, the moving average itself isn't some magical line.

It's the reaction around it that matters.

Sellers had a chance to push BTC into another major leg lower.

So far, buyers have responded.

When you combine that with the rising trendline underneath price, we're beginning to see some technical confluence supporting the idea that the $60K region may have been an important bottoming area.

Again — may have been.

Confirmation comes from what Bitcoin does next.

Now Comes The Hard Part

Bitcoin has bounced.

That's the easy part.

Now BTC has to prove this is something more than a bear-market rally.

The first major test is roughly the low-$80K region.

There is meaningful historical price action around this general area, so I expect sellers to show up.

That's normal.

What I really want to see isn't Bitcoin blast through everything in one candle.

I'd rather see something more sustainable:

Break resistance → consolidate → retest → hold → continue higher.

That would tell me previous resistance is beginning to turn into support.

And that would make the weekly structure much more convincing.

If The Low-$80Ks Break...

Then things start getting fun.

The next broad area I'm watching would be somewhere around the mid-$90Ks.

Again, I'm intentionally keeping these numbers loose.

This is a weekly Bitcoin chart.

We're mapping areas where price could react, not pretending we know exactly where some algorithm is going to sell BTC six weeks from now.

If Bitcoin can work its way through the low-$80Ks and eventually attack the mid-$90Ks, market psychology could change very quickly.

Because sitting directly above that is probably the most important psychological number in crypto:

$100,000.

Bitcoin getting back above $100K would be significant beyond the technical chart.

It's psychological.

Suddenly the conversation changes from:

"Was that just a dead-cat bounce?"

to:

"Is Bitcoin going back to the highs?"

Markets run on psychology just as much as lines on charts.

The $100K Area Could Be The Real Battleground

If Bitcoin eventually returns to the $100K-$105K region, that's where I think the chart becomes extremely interesting.

BTC spent significant time trading above $100K during the previous advance.

Reclaiming that general area would represent a major repair of the damage created during the correction.

At that point, the distance between Bitcoin and its previous highs starts shrinking considerably.

That's when traders who sold the crash start reconsidering.

That's when momentum traders start returning.

That's when institutional narratives become louder.

And that's when FOMO can slowly start creeping back into the market.

But Bitcoin has work to do before we get there.

One zone at a time.

The Bull Case Doesn't Require Bitcoin To Go Straight Up

This is important.

I don't want BTC to simply go vertical.

Vertical markets are fun until they aren't.

I'd much rather see something like:

Higher low → breakout → consolidation → higher low → next breakout.

That's how sustainable trends develop.

Bitcoin could easily reject from the current resistance area and pull back.

That alone wouldn't make me bearish.

I'd be watching whether buyers defend the low-$70K region and, more importantly, whether the broader rising structure remains intact.

A healthy pullback that creates another higher low could actually improve this setup.

The bigger concern would be BTC completely losing the recovery structure and falling back toward the major lows.

That's where the bull thesis starts needing serious reevaluation.

Now Add The CLARITY Act

This is where the story becomes more interesting than just some lines on a Bitcoin chart.

For years, one of the biggest problems surrounding crypto in the United States has been regulatory uncertainty.

Not necessarily regulation itself.

Uncertainty.

Who regulates crypto?

Which assets are securities?

Which are commodities?

What can exchanges list?

What rules do institutions have to follow?

What happens when regulators change their interpretation?

Those questions have hung over the industry for years.

The CLARITY Act is an attempt to finally establish a more defined regulatory structure for digital assets in America.

And regardless of anyone's opinion about individual provisions of the bill, the bigger concept matters:

Crypto is moving toward becoming a formally regulated part of the U.S. financial system rather than something Washington doesn't know how to classify.

That's potentially a major long-term development.

Institutions Don't Like Gray Areas

Retail traders can open an app and buy Bitcoin because they think it's going higher.

Institutions operate differently.

Large asset managers, banks, pension funds, corporations and financial institutions have compliance departments, lawyers, risk committees and regulatory requirements.

They want rules.

They want custody standards.

They want clear jurisdiction.

They want to understand exactly what they're allowed to own and how they're allowed to interact with it.

That's why regulatory clarity can matter so much.

The bull argument isn't:

CLARITY passes = Bitcoin instantly moons.

That's silly.

The bigger argument is:

Clearer regulation lowers one of the barriers preventing traditional capital from participating more aggressively in digital assets.

And that is a much more important long-term story.

Bitcoin Is Becoming Part Of Traditional Finance

Think about how dramatically the Bitcoin narrative has changed.

Years ago, Bitcoin was mostly something crypto enthusiasts traded on specialized exchanges.

Today the ecosystem looks completely different.

Bitcoin has become accessible through traditional financial products.

Large financial institutions participate in the ecosystem.

Public companies can hold Bitcoin on their balance sheets.

Institutional custody has developed.

Traditional investors can gain BTC exposure without ever touching a crypto wallet.

And now Congress is debating how digital assets should formally fit inside America's regulatory framework.

Whether you're bullish or bearish on Bitcoin, that's a massive evolution.

Crypto isn't disappearing from the financial system.

The debate increasingly appears to be about how it gets integrated into the financial system.

That's an important distinction.

The Correction Could Ultimately Be Healthy

Nobody likes watching an asset fall roughly 50%.

But corrections serve a purpose.

The run toward the highs created enormous optimism.

Everyone starts believing price only goes one direction.

Leverage builds.

Speculation increases.

Late buyers chase.

Then the market does what markets always eventually do.

It resets expectations.

The collapse toward the $60K area likely wiped out a tremendous amount of speculative enthusiasm.

And that's not necessarily bad for the long-term structure.

Markets often need to transfer assets from impatient holders to patient holders before another major advance can begin.

The question isn't whether Bitcoin crashed.

We already know it did.

The question now is:

What does Bitcoin do after the crash?

That's what I'm watching.

My Bull Scenario

I'm keeping this deliberately simple.

I want Bitcoin to continue building higher lows.

I want the broader rising support structure to remain intact.

Then I want BTC to start reclaiming the major overhead zones.

First, roughly the low-$80Ks.

Then somewhere around the mid-$90Ks.

Then comes the massive $100K-$105K region.

If Bitcoin gradually reclaims those areas while maintaining higher lows, the weekly chart becomes progressively more bullish.

And eventually?

The previous highs come back into the conversation.

Break those highs and we're back in price discovery.

But we're nowhere near needing to make that prediction yet.

The Bear Scenario

There is always another side.

Bitcoin could fail around the current resistance zone.

The recovery could lose momentum.

BTC could break the rising structure and begin moving back toward the lows.

If that happens, I'm not going to sit here screaming "bullish" because I wrote a bullish blog.

Price comes first.

The low-$70Ks are an area I'd like to see buyers defend during normal pullbacks.

The $60K region is much more important structurally.

A major breakdown through that broader bottoming area would force me to reconsider the entire thesis.

That's trading and investing.

You build a thesis.

Then you let price tell you whether you're right.

The Bigger Picture

What makes Bitcoin interesting to me right now isn't any single indicator.

It's the combination of several things happening simultaneously.

The market experienced a huge reset.

Bitcoin found buyers around a major long-term technical area.

The weekly chart is beginning to build higher lows.

Price is now challenging meaningful overhead resistance.

And outside the chart, the regulatory environment surrounding digital assets in America could be entering a completely new phase.

None of those things guarantees Bitcoin goes higher.

Together, however, they create a setup worth paying attention to.

Final Thoughts

I'm not trying to predict where Bitcoin will trade next week.

I'm looking at the bigger picture.

Right now my rough roadmap is:

Low-$70Ks → important support area

Low-$80Ks → first major resistance test

Mid-$90Ks → next major resistance zone

$100K-$105K → major structural and psychological reclaim

Those aren't precision targets.

They're areas.

Bitcoin could overshoot them, undershoot them, wick through them or consolidate around them.

What matters is how price behaves when it gets there.

The simplest bull thesis is this:

Keep making higher lows.

Keep reclaiming resistance.

Keep turning old resistance into support.

If Bitcoin does that, I don't need to predict the exact top.

The chart will tell us the story as it develops.

And if regulatory clarity continues progressing while the technical structure continues repairing itself, Bitcoin could have both a technical narrative and a fundamental narrative working together.

That's when I really start paying attention.

For now?

The bull isn't fully back.

But it's waking up. 🐂₿

$ADBE

Adobe Is Finally Getting Interesting Again

Adobe has been one of those stocks nobody really wants to talk about anymore.

And honestly, that's part of why I'm looking at it.

$ADBE went from being one of the premier software names in the market to getting absolutely destroyed. AI fears, slowing growth expectations, competition, valuation compression — pretty much everything that could hurt the narrative hit at once.

The stock eventually fell all the way into the $190s.

Now it's back around $275, and the chart is starting to get interesting.

First — Look at the Bigger Picture

I'm not going to pretend Adobe is suddenly in some beautiful bull market.

It's not.

The larger trend has still been down, and that long descending trendline on the chart tells the story pretty clearly.

But something has changed underneath.

ADBE hit roughly $193 and buyers showed up aggressively. Since then we've seen a pretty strong recovery back through the $241 area and into the $270s.

That $241 level matters to me.

It was an important battleground earlier in the year, and price has now reclaimed it.

So for now:

$193 = major support

$241 = important pivot

$275–290 = the real battle

And that last area is where things get fun.

ADBE Is Running Into a Wall

Look at the chart.

Price is now pushing directly into a supply zone around $275–290, while at the same time running into that long-term descending trendline.

That's some serious confluence.

This is exactly where I DON'T want to chase the stock simply because it's been green lately.

I want to see what price does here.

If ADBE can break through this supply, clear the descending trendline and actually hold above roughly $285–290, then we're no longer just talking about a bounce off the lows.

We could be looking at an actual change in market structure.

At that point, $300 becomes the obvious psychological level, followed by roughly the $320 area.

But it has to earn that first.

What If It Gets Rejected?

Wouldn't surprise me at all.

ADBE has rallied from roughly $193 to $275. That's a monster move off the bottom.

Stocks don't go straight up.

If sellers show up here, I'd watch the $260 area first, but the level I really care about is around $241.

A pullback into $241 that holds could actually be healthier than ADBE immediately ripping through $300.

Why?

Because then we'd potentially see old resistance become support.

That's the kind of price action that starts building a real base instead of another temporary rally.

If $241 completely fails, though, then I'm much less excited about the setup.

For Traders

I wouldn't overcomplicate this one.

ADBE is sitting right at a decision point.

Bull case:

Break $285–290, clear the downtrend and hold it. Then I'm watching $300 and potentially $320.

Bear case:

Reject supply and lose momentum. Then $260 comes back into play, with $241 being the bigger downside level.

This isn't where I'd blindly chase calls after a huge run.

Let the chart confirm which direction it wants.

Sometimes the best trade is waiting for the fight to finish.

For Investors

Investors should look at this differently.

Adobe isn't some random company trying to find a business model. It's still a huge software franchise with Photoshop, Illustrator, Acrobat, Premiere and the broader Creative Cloud ecosystem.

The big question isn't whether Adobe has good products.

The question is what those products are worth in an AI world.

That's what the market has been trying to price.

Generative AI created a legitimate fear that parts of Adobe's moat could shrink as image generation, video creation and design tools become easier and cheaper.

But there's another side to that argument.

Adobe doesn't necessarily have to defeat AI.

It needs to monetize AI inside the ecosystem it already owns.

That's why I'm much more interested in execution over the next several quarters than whatever the stock does next week.

If Adobe can prove that AI increases engagement, keeps Creative Cloud sticky and eventually creates additional revenue rather than destroying it, the narrative around this company could change pretty quickly.

And beaten-down stocks can move violently when the narrative finally changes.

Bottom Line

I wouldn't call the bottom.

I wouldn't call this a breakout either.

Right now ADBE is simply doing something it hasn't done in a while:

It's giving the bulls a legitimate argument again.

The recovery from $193 has been impressive. Reclaiming $241 was important.

But $275–290 is the exam.

Break it, hold it, and clear that long-term downtrend?

Now I'm paying very close attention.

Reject?

No big surprise. Let it pull back and show us whether buyers are actually willing to defend the recovery.

Investor or trader, the idea is basically the same:

Don't predict the breakout. Watch how price behaves when it gets there.

🐺 Woof Streets

We Trade. We Invest. We Win.

https://discord.gg/PTv6ZNyTDY

Possible bear scenario. NFA.

$TSLA Weekly Breakdown: Short-Term Bounce, Bigger Picture Still Bearish

Tesla is sitting in a very interesting spot on the weekly chart.

My current view is pretty simple: I can see a short-term bullish trade developing, but the larger weekly structure still favors the bears.

That sounds contradictory, but it really isn’t. A stock can bounce hard inside a larger bearish structure. In fact, those countertrend rallies are often where some of the best short-term trades come from.

My rough projection on the chart is bounce first, rejection later.

I’m not trying to predict every candle here. This is simply the path I’m mapping based on the structure currently in front of us.

The Big Picture

$TSLA topped near the $490–$500 region earlier this year.

Since then, the weekly chart has changed character.

Instead of continuing to print higher highs and higher lows, Tesla started developing:

Lower highs.
Lower lows.
Repeated rejection from descending resistance.

That is the most important thing on this chart.

Forget the narratives for a second. Forget whether you love Tesla, hate Tesla, think autonomous driving changes the world, or think the valuation is crazy.

Price structure is price structure.

And right now the weekly structure has deteriorated.

From approximately $490, Tesla sold into the low $400s, bounced, failed to reclaim the previous high, and eventually broke down toward the low $300s.

That sequence matters.

Until Tesla starts reclaiming major levels and breaking the pattern of lower highs, I have a hard time calling the larger trend bullish again.

The Descending Weekly Trendline

The first major feature on this chart is the descending resistance line coming from the highs.

This trendline connects the declining peaks following Tesla's move toward $500.

Every rally underneath it needs to be treated carefully because the burden of proof remains on the bulls.

Tesla doesn't necessarily have to touch this trendline perfectly. Trendlines are areas, not magical single-price levels.

What matters is the behavior as price approaches the general resistance region.

For the bigger picture to improve, I eventually want to see Tesla:

reclaim the descending trendline, hold above it, establish a higher low, and then push through the previous major swing high.

That would represent an actual structural change.

We aren't there yet.

The Rising Trendline Has Been Lost

This is probably the biggest bearish development on the chart.

Tesla had a major ascending trendline extending from the 2025 lows.

For a long time, that line represented the larger recovery structure.

Buyers repeatedly defended the rising trend.

Then Tesla broke underneath it.

That changes the conversation.

A broken trendline does not automatically mean the stock crashes straight down, but once an important rising support is lost, that former support can become resistance.

This creates a very interesting situation.

Tesla could rally from here and move directly back toward the underside of that broken trendline.

That's actually the short-term bullish setup I'm watching.

But if Tesla rallies into that area and gets rejected?

That would be classic support turning into resistance.

And technically, that would strengthen the bearish thesis rather than weaken it.

Why I Like Calls Short Term

Tesla recently experienced a brutal weekly breakdown into roughly the $300–$320 region.

Moves like that often don't continue straight down forever.

Price gets stretched.

Short sellers take profit.

Dip buyers enter.

Traders who missed the initial breakdown chase the rebound.

And you can get a surprisingly violent relief rally.

Tesla is already attempting to recover from those lows.

With price currently around $342, I think there is room for a countertrend push.

My first area of interest is approximately:

$350–$360

This is the immediate battleground.

Tesla needs to show that the recent bounce actually has some strength.

Above there, I become interested in:

$370–$380

This is where things become much more interesting.

The broken rising trendline and prior price structure begin converging around this broader area.

That's why my chart shows the initial move higher.

I could absolutely see Tesla squeezing into the upper $300s before the larger bearish structure takes control again.

So for a trader, I don't hate short-term calls here.

But I would treat them exactly as that:

a short-term trade against a larger bearish trend.

I would not confuse a green week with confirmation of a new bull market.

$375–$390 Is the Area I'm Watching Closely

This is probably the most important section of the entire setup.

If Tesla bounces toward approximately $375–$390, the chart becomes extremely interesting.

That's where I would start looking for signs that the rally is failing.

Things I would watch for include:

weekly rejection wicks, failure to hold above resistance, weakening momentum, bearish engulfing candles, lower-timeframe breakdowns, or a failed reclaim of the broken trendline.

If those begin appearing, I would become significantly more interested in puts.

This is why my projection goes higher before going lower.

I don't necessarily want to chase puts after Tesla has already dumped.

I'd rather let price rally into resistance.

Better location. Better risk/reward. Cleaner invalidation.

If I'm bearish long term, I want the market to give me a better price to express that thesis.

Why the Weekly Structure Remains Bearish

There are several technical reasons.

First, Tesla is still trading beneath its major declining resistance structure.

Second, the stock has already broken its larger rising trendline.

Third, the sequence of swing highs has been deteriorating.

The roughly $490 high was followed by progressively weaker rallies.

That tells me sellers are entering earlier each time.

That's what lower highs actually represent.

Buyers are willing to pay less.

Sellers are willing to sell sooner.

Fourth, Tesla's latest breakdown was extremely aggressive.

When a stock loses an important structure with that type of momentum, I usually don't assume one bounce repairs the entire chart.

The bulls need to prove themselves again.

Right now, they haven't.

The $300 Area

Obviously $300 is going to matter.

It's a huge psychological level.

Round numbers tend to attract liquidity, options positioning, dip buyers, and traders looking for obvious support.

Tesla recently bounced before completely losing that region.

If the current rally eventually fails and Tesla rolls back over, $300 becomes one of my first major downside checkpoints.

A clean loss of $300 would dramatically increase my interest in the next level.

And that's where the chart gets much more bearish.

Why $270s Matters

My major downside level is approximately $273.75.

This isn't a random number I threw onto the chart because it looks scary.

Look left.

The $270s represent a major historical pivot area.

Price previously interacted with this region before Tesla's larger breakout.

That means there is historical memory there.

Old resistance can eventually become support.

So if Tesla loses $300 decisively, I think the $270–$275 zone becomes a very reasonable technical magnet.

My chart specifically marks:

$273.75

That would represent roughly another major leg lower from current prices.

I wouldn't automatically assume Tesla slices through it.

Quite the opposite.

If Tesla eventually reaches the $270s, I would expect buyers to become interested again.

That's an area where I would reassess instead of blindly staying bearish.

The Projection

The red line on my chart is not meant to say:

"Tesla will move exactly like this."

Nobody knows that.

It's simply my preferred scenario based on the current weekly structure.

Something like:

$340 → $360 → $375/$385 → rejection → $340 → $300 → $274

The exact candles don't matter.

The important part is the sequence.

Relief rally into resistance.
Resistance holds.
Lower high forms.
Selling resumes.
Major support gets tested.

That would be a technically logical continuation of the current bearish structure.

What Would Prove Me Wrong?

This is important because every thesis needs an invalidation.

If Tesla keeps rallying, reclaims approximately $380–$400, gets back above the broken trend structure, and then begins establishing higher lows, my bearish thesis starts weakening.

If Tesla eventually breaks through the descending weekly resistance and holds above it, I would have to reevaluate the entire chart.

And that's perfectly fine.

Technical analysis isn't about marrying a direction.

It's about responding to what price actually does.

If the chart changes, the thesis changes.

Calls First, Puts Later

So my current approach is basically:

Short term: cautiously bullish.
Intermediate bounce target: roughly $360–$380.
Longer term: bearish unless the weekly structure gets reclaimed.
Major downside levels: $300 and then approximately $273.75.

I actually like this setup because I don't have to force myself into one camp.

I can trade calls during the relief rally while still believing the weekly chart is bearish.

Then, if Tesla reaches major resistance and begins showing rejection, I can flip my bias and start looking at puts.

That's trading the chart instead of trading an opinion.

Final Thoughts

Tesla remains one of those stocks where both bulls and bears can be right depending on the timeframe.

A trader buying calls for a move from $340 toward $375 could be right.

A trader expecting Tesla to eventually revisit $275 could also be right.

Those two outcomes aren't mutually exclusive.

My chart is essentially showing exactly that possibility.

Bounce first. Then make the bulls prove they can actually reclaim the larger structure.

Until they do, I'm treating rallies as countertrend rallies inside a damaged weekly chart.

For now:

🐂 Short-term calls if momentum confirms.

🐻 Longer-term puts become interesting if Tesla rallies into resistance and rejects.

And the level sitting in the back of my mind remains:

$273.75.

Not a prediction. Just a scenario.

Trade the levels, respect invalidation, and let price tell us whether the projection actually develops.

$TSLA #TSLA #Tesla #Stocks #StockMarket #Trading #TechnicalAnalysis

$AMD: The Next Big Swing Setup?

AMD has had an insane run.

The stock went from roughly the $200 area earlier this year to nearly $580 at the highs. That's the type of move where people naturally start asking the wrong question:

"Is AMD going back to the highs?"

I think the better question is:

What does AMD need to do next to prove the rally isn't over?

Because fundamentally, the AMD story is arguably stronger than it has ever been.

Technically, though, the stock is now consolidating after a monster move.

That's exactly where patience matters.

The Big Picture

AMD isn't just the "other CPU company" anymore.

The company is increasingly becoming a serious full-stack AI infrastructure player.

We're talking:

EPYC CPUs.
Instinct GPUs.
ROCm software.
Networking.
Rack-scale systems.
Helios AI infrastructure.

And that transition is showing up in the numbers.

AMD just reported Q2 revenue of roughly $11.5 billion, up around 50% YoY, with record revenue and profitability.

More importantly, Data Center revenue more than doubled year over year and represented roughly 58% of total company revenue.

That's the story.

AMD's center of gravity is shifting toward the data center.

And that's exactly where the biggest pools of AI spending are going.

AMD Doesn't Need to Beat Nvidia

I think people sometimes frame AMD incorrectly.

The argument becomes:

"Can AMD beat Nvidia?"

It doesn't have to.

The AI infrastructure market is becoming so massive that AMD can build an enormous business simply by becoming a legitimate second source.

Hyperscalers don't necessarily want their entire AI future dependent on one supplier.

They want competition.

They want pricing leverage.

They want different architectures.

They want supply.

And they want alternatives.

If AMD captures even a meaningful fraction of an enormous AI accelerator market, we're talking about potentially tens of billions of dollars in incremental business over time.

That's why I care more about AMD's AI market share trajectory than whether it dethrones Nvidia.

Helios Is the Next Big Test

The next chapter is AMD's Helios rack-scale AI platform.

AMD recently launched its MI400 generation and Helios systems, and this is much bigger than simply releasing another GPU.

The AI industry is moving from individual chips toward complete rack-scale systems.

That's why Nvidia talks so much about entire systems instead of individual GPUs.

AMD understands this.

Helios combines AMD's GPUs, EPYC CPUs, networking and software into a rack-scale AI solution.

This puts AMD in a position to sell more of the entire AI infrastructure stack rather than just supplying one component.

And importantly, AMD says Helios is already in production.

That's where the story moves from PowerPoint slides to execution.

Look at the Customers

This is probably the part that interests me most.

AMD isn't trying to prove its AI platform with random startups nobody has heard of.

The company has relationships and deployment plans involving names like:

OpenAI
Meta
Microsoft
Oracle
Anthropic

OpenAI expects to begin bringing Helios online in Q4 2026 with deployments accelerating through 2027.

Anthropic has outlined plans involving up to 2 gigawatts of AMD Instinct GPUs.

Meta is working with AMD on large-scale AI deployments.

These are exactly the customers AMD needs.

Now comes the hard part:

Delivering.

Announcements are great.

Purchase commitments are great.

Partnerships are great.

But eventually investors are going to want to see those deployments translate into revenue, margins and sustained market share.

That's what I'll be watching over the next several quarters.

ROCm Might Be More Important Than People Think

Hardware was never AMD's only problem competing against Nvidia.

Software was.

CUDA created an enormous ecosystem around Nvidia hardware.

Developers knew it.

Companies built around it.

AI frameworks optimized for it.

That creates tremendous switching costs.

AMD has spent years improving ROCm.

And I think this remains one of the most important pieces of the entire AMD thesis.

AMD can build incredible GPUs.

But if developers hate using them, market share becomes much harder to capture.

The encouraging part is that AMD is clearly attacking this problem aggressively through ROCm development, AI frameworks and direct engineering collaboration with major AI companies.

If AMD continues closing the software gap, its hardware becomes significantly more dangerous competitively.

Don't Forget EPYC

AI GPUs get all the attention.

But AMD's server CPU business is extremely important.

AI data centers don't run on accelerators alone.

They still need CPUs.

AMD has been steadily taking server CPU share through EPYC, and AI infrastructure expansion can actually create demand for both sides of AMD's portfolio.

That's what makes the company interesting.

AMD doesn't have one lottery ticket riding entirely on Instinct.

It has:

AI accelerators.

Server CPUs.

Client CPUs.

Gaming.

Embedded.

And increasingly complete AI infrastructure systems.

The Data Center business is simply becoming the monster inside the company.

Now Let's Talk About the Chart

This is where I'm actually getting interested from a swing perspective.

AMD ran from roughly $200 to nearly $580.

After a move like that, consolidation isn't automatically bearish.

It's normal.

Stocks don't go straight up forever.

You need sellers to take profits.

You need late buyers to get shaken out.

You need the moving averages to catch up.

You need a new base to form.

And that's basically what AMD is doing now.

The chart is compressing.

We have a clear series of lower highs underneath the descending trendline.

At the same time, AMD continues producing a broader higher-low structure above the rising trendline.

So we're getting squeezed.

That's the battle.

The Demand Area

The area I'm watching most closely is roughly:

$455-$475

I've marked this as the demand area on the chart.

AMD has repeatedly found buyers around this region.

That doesn't mean:

"$460 = automatically buy."

That's exactly how traders get smoked.

Support is an area, not a magical floor.

I want to see how AMD behaves when it gets there.

Do buyers step in aggressively?

Does volume increase?

Do we get rejection wicks?

Does price reclaim levels after dipping underneath?

Or does AMD slice straight through it?

Let price answer the question.

$515 Is the Real Battleground

On the upside, approximately $515 is extremely important.

You have horizontal resistance sitting there.

You also have the descending trendline coming directly into the same region.

That's confluence.

AMD recently pushed into that area and got rejected again.

So for me, the stock hasn't proven anything yet.

We're still underneath the lower-high structure.

That's why I wouldn't call AMD bullish simply because the fundamentals are great.

Great company and great entry are two completely different things.

Bull Swing Scenario 🐂

This is the scenario that would get me interested.

AMD pushes back toward $500-$515.

Then I want to see a legitimate breakout through the descending trendline and $515 resistance.

Not:

AMD trades $516 for three minutes and everybody piles into calls.

I want acceptance.

Ideally:

Break $515 → hold → retest → buyers defend → continuation.

That's much cleaner.

If AMD can establish itself above $515, the chart starts opening up.

Then I'm watching approximately:

$540

then

$560

then the previous highs around:

$580-$590

A breakout of the previous highs would obviously put AMD into price discovery again.

But I'm not remotely interested in predicting that today.

First beat $515.

One battle at a time.

The Aggressive Swing Entry

There is another way to approach this.

Instead of waiting for the breakout, an aggressive trader could watch the $455-$475 demand area.

If AMD pulls back there and produces a strong reaction, you potentially get a much better risk/reward entry.

You're buying near support instead of chasing resistance.

But there's a trade-off.

You're taking more risk because AMD hasn't broken the descending trend yet.

That's why confirmation matters.

I wouldn't blindly buy AMD because it touched the green box.

I want to see buyers.

Touch isn't confirmation. Reaction is confirmation.

That's a huge difference.

Bear Scenario 🐻

We have to respect the other side.

AMD has already had an enormous run.

Expectations are extremely high.

AI stocks can get punished brutally when growth merely becomes "less amazing."

If AMD loses the demand area and then breaks underneath the rising trendline, I'm no longer interested in forcing the bullish swing.

At that point, $424 becomes extremely important.

That level has already produced a major reaction.

If $424 gets tested again and holds?

Interesting.

If $424 breaks decisively?

Now the chart has a completely different personality.

You're no longer talking about healthy consolidation near the highs.

You're talking about a potentially much deeper correction.

That's when I stop trying to catch every dip and let the chart rebuild.

What's Next for AMD?

For the business, the next phase is execution.

AMD has already convinced major customers to take its AI roadmap seriously.

Now it has to prove it can scale.

I'm watching:

Helios ramp.

MI400 adoption.

OpenAI deployments beginning.

Anthropic deployment progress.

Meta deployment progress.

Data Center revenue acceleration.

ROCm adoption.

Margins as AI revenue scales.

Those things matter far more to me than whether AMD is green or red tomorrow.

The opportunity is enormous.

But expectations are enormous too.

That's an important distinction.

The Biggest Risk to the Bull Thesis

The biggest risk isn't that AMD suddenly becomes a bad company.

It's that investors have already priced in a huge amount of future success.

AMD has gone from around $200 to nearly $580 in a matter of months.

At some point the market stops rewarding promises and starts demanding results.

Helios needs to ramp.

Instinct needs to gain share.

ROCm needs to keep improving.

Those giant AI commitments need to become actual revenue.

And AMD needs to do all of that while competing against Nvidia, which isn't exactly sitting around waiting to lose customers.

That's why I wouldn't chase AMD simply because "AI is the future."

Everyone already knows AI is the future.

The question is how much of that future AMD actually captures.

My Swing Approach

I'm keeping this very simple.

🟢 Conservative

Wait for AMD to break and hold ~$515 and clear the descending trendline.

Then look for the retest.

That's confirmation that buyers are starting to regain control.

🟡 Aggressive

Watch approximately $455-$475 demand.

If AMD pulls back and buyers clearly defend the area, that's where an aggressive swing could potentially get attractive risk/reward.

But I need a reaction.

I'm not catching a falling knife because there's a green rectangle on my chart.

🔴 Invalidation

Lose demand.

Lose the rising trendline.

Then $424 becomes the major test.

Lose $424 convincingly and I'm backing off.

Simple.

Final Thoughts

Fundamentally, I think AMD is in one of the strongest positions in its history.

Revenue is exploding.

Data Center has become the company's dominant business.

AI infrastructure demand continues growing.

EPYC remains strong.

Instinct is scaling.

Helios is moving into production.

And some of the largest AI companies in the world are planning meaningful AMD deployments.

That's the bull story.

But the chart doesn't care about our feelings.

AMD has already had a gigantic run and is now consolidating underneath resistance.

So I'm not chasing it.

I'm watching the compression.

$455-$475 is the demand battle.

$515 is the breakout battle.

$424 is the major line in the sand.

Everything in between is noise until price starts proving direction.

AMD doesn't need another 20 indicators on the chart.

It doesn't need predictions.

It needs patience.

Let the compression build. Let price choose the direction. Then trade what actually happens.