SpaceX was up another +18% on Monday and continues to rally straight into the target I called Friday morning — ahead of the IPO. I picked that target based on a number of factors that have absolutely nothing to do with valuation and everything to do with investors and algos (alike) being drawn to key psychological targets (and highly disciplined, programmed momentum algos driving momentum... (topic for another day).
$SPCX SpaceX (+19.60%) zeroing in on the 195 target. pic.twitter.com/J3fJVxGPps
— Veteran Market Timer (@3Xtraders) June 16, 2026
$DJUSAS Aerospace Target Was Taken Out As well
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Yesterday's Big Headline was the announcement of an Iran "Deal" (over the weekend). But read the fine print and it’s the same recycled hope we’ve been pricing in since April. Yep, More of the Same Old Shit.
What really sent market's rocketing higher on Monday? Some say it's, "window dressing", as we near the end of the second quarter, and that fits the cyclical pattern. Everything that rallied in the 2nd quarter rallied back to retest the recent highs in yesterday's session - AI (+3%), Small Caps, and Mag7 stocks (now flying under a new banner "hyperscalers) $NDX (+3%) Read: HYPERSCALERS HUSTLE: The definitive CRASH COURSE
Semiconductors were up +5.67% (led by Asia as usual) - including new highs in $AMD. Top performers on the $SPX: Western Digital, Micron, Seagate, $ON Semiconductor → all the usual suspects. $NDX Nasdaq 100 leaders included $ARM, $LAM, Microchip Technology ($MCHP) and finally Cramer/ Jensen Huang fav. Marvell, of course.
Of course I saw this snapback rally in semis coming from several thousand miles away - last week.
Kospi just completed a partial gap fill, and looks like it's off to the races again. #Algos #SouthKorea 🚀 pic.twitter.com/XKMbQg3Uo1
— Veteran Market Timer (@3Xtraders) June 11, 2026
Upside Gap Fill Target Alerted to 11 hrs. Ago
Kospi fills the gap. Double top Hynix. #Chips #Semis pic.twitter.com/MhBpubXxou
— Veteran Market Timer (@3Xtraders) June 16, 2026
Speaking of South Korea:
Best Trade of The Year 3X South Korea Bull $KORU +600% (6X)
Up 4000% over the past 14 months. Reminder: I wrote the book on "Max Gains" (compound gains) in leveraged ETF's, over decade ago [link] and today you see them running my playbook. If you think you know where the next momentum trade can be found, let me know.
Back to Highly Bifurcated US Markets
Bullish Names Flying Under Most Investor's Radar (covered on May 19th), $CAT, CMI, $TT (Train), Corning (+5%) all higher - all datacenter plays.
NOT, the relief rally I expected.
What didn't rally on the news that the war is over? - US Treasuries (barely up). Crickets from the msm on that front. I've sidelined the entire 401k, because when all I see the msm reporting is bs, I get nervous wondering what the real story is.
US Treasuries — the market that actually prices real risk — said we aren't buying this story.
Of course oil sold off to 3 month lows, but whether that can continue, remains to be seen.
I'm looking at yesterday as just more of the SOS being mostly driven in Asia (no wonder China a is cracking down on off shore trading), and just another excuse to squeeze some more juice out of AI trade.
Take Care,
AA
P.S. Still believe AI is the next Industrial Revolution? Read: AI: The Marketing Genius Wall Street Swallowed Whole
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